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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Dubai tourism achieves robust growth in 2022

  • The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
  • Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.

Dubai’s tourism sector recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors in the first four months of 2022.

The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.

Successful handling of the pandemic, a safe environment for travelers—Dubai was rated the third safest city to travel for solo female travelers—world-class infrastructure have contributed towards the rising tourist inflow.

Helal Saeed Almarri, director general, Dubai’s Department of Economy and Tourism (DET) recently said the department was building on the massive momentum generated by Expo 2020 to drive growth across various tourism sectors.

Media reports said the department is also looking to promote the destination beyond its current popularity as a family and shopping getaway in the Indian market, focusing on luxury, golf, adventure, culture and wedding.

Here is how the emirate’s tourism sector performed so far in 2022.