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Air Arabia’s profit rises by 574% to Dh209mn in Q3

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Air Arabia, an Emirati low-cost airline, has said its net profit surged by 575 per cent year-on-year to Dh209 million in the third quarter.

The Sharjah-based company’s quarterly turnover climbed by 174 per cent to Dh804 million, compared to Dh294 million in the corresponding period last year. The company said the number of its passengers increased by 190 per cent to nearly 2 million during July-September this year.

Air Arabia also registered Dh253 million earnings during the first nine months of the ongoing year with an increase of 219 per cent compared to the same period last year. The company’s first three-quarter turnover grew Dh1.8 billion, up by 42 per cent compared to the corresponding period the previous year.

In a statement, Air Arabia Chairman Sheikh Abdullah Bin Mohamed Al Thani said the ‘positive results’ were backed by the gradual resumption of operations in the third quarter and the company’s cost control measures it adopted since the start of the pandemic.

During the first half of this year, the company included 43 new routes in its international network from its hubs in the UAE, Morocco, and Egypt.

Air Arabia signed an agreement in September with Lakson Group, one of Pakistan’s leading business conglomerates, to launch a new low-cost airline based in Pakistan.

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UAE fuel prices for June announced: Petrol edges closer to Dh4 a litre

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The UAE announced revised fuel prices for June 2026, with motorists set to pay significantly more for petrol while diesel costs decline compared to the previous month.

The latest adjustment is particularly notable as it marks the country’s first monthly fuel pricing update since formally leaving both OPEC and OPEC+ earlier this year.

Beginning June 1, Super 98 petrol will be priced at Dh3.95 per litre, up from Dh3.66 in May. Special 95 will rise to Dh3.83 per litre from Dh3.55, while E-Plus 91 will increase from Dh3.48 to Dh3.76 per litre.

In contrast, diesel users will benefit from a reduction, with prices falling from Dh4.69 per litre in May to Dh4.33 in June.

The latest increase extends a three-month upward trend in petrol prices, reflecting ongoing volatility in global energy markets and fluctuations in crude oil prices.

Impact on residents

For households across the UAE, fuel price movements remain a key economic indicator, influencing transportation costs, daily commuting expenses and overall household budgets. Rising petrol prices can have a noticeable impact on monthly spending, particularly for residents who rely heavily on private vehicles.

The June pricing announcement comes just weeks after the UAE officially ended its six-decade membership in OPEC and OPEC+, a move that took effect on May 1, 2026.

The revised prices will come into effect from June1, 2026.

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CBSE announces new date for answer sheet verification portal

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The Central Board of Secondary Education (CBSE) has postponed the launch of its online portal for verification, photocopy requests and re-evaluation of answer sheets related to the 2026 board examinations.

The board announced that the Post-Result Activities portal will now go live on June 1 instead of the previously expected schedule.

According to CBSE, the delay is intended to ensure a smoother and more transparent experience for students applying for post-result services following the declaration of board exam results.

In an official statement, the education board said the additional preparation time would help strengthen evaluation protocols and minimise technical issues during the application process.

CBSE added that the revised timeline is aimed at maintaining accuracy and ensuring the system operates efficiently for lakhs of students expected to access the portal for answer book verification and re-evaluation requests.

Students seeking assistance or clarification regarding the process can contact the CBSE Tele-Counselling Helpline or submit queries through the board’s official support email.

The post-result services allow students to apply for answer sheet verification, obtain photocopies of evaluated answer books and request re-evaluation of specific responses after board results are announced.

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Norway Chess 2026: Magnus Carlsen defeats world champion Gukesh in crucial clash

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Round 4 of Norway Chess 2026 produced another dramatic day of elite competition in Oslo, with Magnus Carlsen claiming a crucial victory over reigning world champion Gukesh Dommaraju in the marquee matchup of the day.

Playing with the black pieces, Carlsen navigated a tense, strategically rich encounter before gradually taking control in the middlegame. Although the position remained balanced for long stretches, mounting pressure and severe time trouble eventually pushed Gukesh into inaccuracies that allowed the Norwegian star to convert his advantage into a full classical win.

The victory marks an important turnaround for Carlsen after a difficult opening phase of the tournament and significantly improves his standing before the home crowd.

Tournament leader Alireza Firouzja was held to a classical draw by Wesley So following a cautious positional battle in which neither player managed to create decisive winning chances. Wesley So later secured victory in the Armageddon tiebreak, earning the additional points.

In another closely fought encounter, Vincent Keymer and Praggnanandhaa Rameshbabu shared the points after a balanced contest featuring opportunities for both players. Praggnanandhaa later triumphed in Armageddon to collect the bonus points.

Despite the Armageddon loss, Firouzja remains at the top of the standings after four rounds, while Carlsen’s classical victory has reignited his challenge near the top of the leaderboard.

The women’s section of the tournament also delivered another intense round, with all three classical games ending in draws before being decided in Armageddon playoffs.

Humpy Koneru and Zhu Jiner fought a tense encounter that remained level throughout, before Zhu Jiner emerged victorious in the Armageddon decider.

Defending women’s world champion Ju Wenjun managed to hold a difficult position against tournament leader Bibisara Assaubayeva in classical play. Assaubayeva later won the Armageddon game to strengthen her lead in the standings.

Meanwhile, Divya Deshmukh pushed strongly for victory against Anna Muzychuk during a complex middlegame battle, but Muzychuk defended resiliently before going on to win the Armageddon tiebreak.

After four rounds, Assaubayeva continues to lead Norway Chess Women, with Muzychuk, Divya and Zhu Jiner remaining firmly in contention as the tournament heads deeper into its decisive stages.

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