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AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Emirates’ deal with Travelport could make flights cheaper

    •  Emirates will distribute its NDC content via Travelport+

    • The firms also extended their longstanding IT agreement

    Dubai-based carrier Emirates was quoted by local reports on Saturday, July 3, as saying that it had reached a commercial agreement with global travel-retail firm Travelport that could reduce the fares of the airline’s customers.

    Travelport’s global distribution system is expected to become functional this month, and travel agencies connected with it can avoid Emirates’ airline surcharge by booking tickets through this GDS, said the reports.

    Given that most travel agencies pass on the airline surcharge to customers, it may be expected that agencies under the Travelport umbrella will remove this charge for flyers who choose Emirates.

    The airline and the travel firm also announced a new long-term agreement to let Emirates distribute its new distribution capability content, or NDC content, via Travelport’s platform Travelport+. They also extended their IT agreement.

    The reports quoted Emirates Chief Commercial Officer Adnan Kazim as saying: “Supported by the recent launch of Travelport+, these new deals will further cement Emirates as the airline of choice for travelers that want highly personalized offers and access to the world’s best destinations.”

    This may be Emirates’ latest step in a path to recovery after the airline declared losses totaling $5.5 billion in the year ended March 31.

    It has already received $3.1 in the form of injected equity from the emirate of Dubai to help it stay afloat