INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Dubai airport fully operational for first time since pandemic

The Gulf nation has emerged as a top destination for rich Russian emigres fleeing the impact of Western sanctions.
  • Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
  • Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.

Dubai airport, one of the world’s busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said Monday.
The opening of sections closed as the Covid-19 crisis took hold comes as the United Arab Emirates records a rise of infections amid fears of the new Omicron variant.
“Following the opening of the final phase… (the) airport is 100 percent operational with all terminals, concourses, lounges, restaurants, and retail outlets now open,” said a statement carried by a local media outlet.
Travel via Dubai increases at the end the year, with foreigners — who make up the majority of the emirate’s population — heading home for the holidays, and visitors arriving to celebrate the New Year.
Last year, Dubai International Airport reported a 70 percent drop in traffic, from more than 86 million travellers in 2019 to 25.9 million in 2020.
In the first half of this year, 10.6 million people passed through the airport, a 41 percent drop from pre-pandemic figures.
Tourism is an economic mainstay of Dubai, which welcomed 16.7 million visitors in 2019.
Dubai is counting on the six-month Expo 2020 trade fair to boost the economy, with more than seven million visits since it opened on October 1.
The UAE — made up of seven emirates including Abu Dhabi and Dubai — has pushed a comprehensive vaccination campaign for its nearly 10 million population.
But coronavirus infection numbers are again on the rise, with the UAE recording 301 cases on Monday, compared to just 92 last week.
Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
Media reports also said on Monday that Abu Dhabi received its first shipment of AstraZeneca’s Evusheld, an anti-body treatment.