Bain Capital will sell about 30% of its stake in the airline at a price of $1.87 per share; Qatar Airways to retain 23% stake in the company
Australia
Latest in Australia
Arada
UAE’s Arada expands in Australia with Roberts Co acquisition
AED47 million recapitalisation secures over 700 jobs as Arada strengthens position in Australia; move lays groundwork for Roberts Co to eventually expand into the UAE
Australia
Ramadan 2025 dates announced in Australia, Indonesia, Malaysia, Brunei, Philippines and more countries of the world
The start date of Ramadan 2025 has been announced in Australia, Indonesia, Malaysia, Brunei and more countries around the world
Airport
dnata invests $17mn in Sydney’s new airport for advanced inflight catering
Construction of the dnata facility within Western Sydney International’s Cargo Precinct is already underway and expected to be completed in late 2026
Australia
UAE and Australia agree CEPA deal as countries look to boost $2.3bn H1 trade
UAE and Australia conclude Comprehensive Economic Partnership Agreement negotiations
Australia
Australia to cap international student enrolment at 270,000 in 2025
The move comes as the government aims to manage record migration levels that have contributed to a sharp increase in home rental prices
Australia
Australia hikes foreign student visa fee by 125% to control migration
International graduates account for one-third of the nation’s permanent skilled migrant intake, according to the Grattan Institute
Australia
Australia tightens student visa rules in bid to check migration
The intensified scrutiny of student visas could particularly impact students from India, the second-largest source country for international student enrollments in Australia
Australia
Ramadan 2024 announced in Australia, Indonesia, Malaysia, Brunei and more countries of the world
The start date of Ramadan 2024 has been announced in Australia, Indonesia, Malaysia, Brunei and more countries around the world
Australia
Pesky Australia bosses face $18,000 penalty for after-hours calls
Australia bringing in several legislative changes to make workplaces fairer for employees and improve their work-life balance
Australia
Emirates announces Adelaide route, plans 77 UAE-Australia flights per week by end of year
Emirates will launch Dubai to Adelaide flights by the end of the year, returns to pre-pandemic Australia transport levels
Australia
Australia scraps ‘Golden Visa’ programme for wealthy overseas investors
The government will be focusing on issuing more visas to skilled workers instead, capable “of making outsized contributions to Australia”
Australia
Unbeaten India eyes third World Cup title against five-time champions Australia
India’s previous World Cup victories were in 1983 and 2011
Australia
VFS Global announces Australia biometric, Sweden visa contract wins
VFS Global will provide visa services to Sweden and biometric technology to Australia
Australia
UAE is a world leader in solar energy
UAE ranks sixth in global ranking of per capita solar energy consumption
Airlines
Qantas posts first full-year profit since beginning of COVID
After accumulating losses of $4.53 billion over the past three years, the airline profit before tax of reached $1.6 billion and PAT $1.13 billion
Australia
Reliance, Brookfield join forces for renewable energy projects in Australia
Under the terms of the MoU, Brookfield will work with Reliance to explore avenues of direct capital investment and development of skills