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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Flydubai net up 76% to $229m

An airplane of budget airline flydubai lands at Israel's Ben Gurion aiport near Tel Aviv on November 26, 2020 on the first scheduled commercial service between the two cities, following the normalisation of ties between the UAE and Israel. (Photo by JACK GUEZ / AFP)
By TRENDS Desk AFP
March 7, 2022 6:40 pm
  • Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31
  • In July 2020 Dubai became one of the world's first locations to reopen to foreign travel

The Emirati budget carrier flydubai on Monday announced it is back in the black, posting $229 million in profits in 2021, after heavy losses suffered by the world’s Covid-hit airline industry.

Flydubai, which is owned by Dubai like the giant airline Emirates, carried 5.6 million passengers last year, a 76-percent leap from 2020 when it lost $186 million at the height of the coronavirus pandemic.

Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31.

In July 2020 Dubai became one of the world’s first locations to reopen to foreign travel.

Dubai airport last year remained the world’s busiest in terms of international passengers, numbering about 29.1 million in 2021.

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