The Transformative Power of Travel
The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in...Business Tourism
New-Age Growth Comes Home to the GCC
The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading...Technology Business Economy Geostrategy Opinion
American Airlines orders 260 jets
It is part of the airlines' effort to 'modernize' its fleet.The airline said in a statement that the order comprises 260 new planes, plus options for an additional 193 aircraft
Its CEO said the airline has invested heavily to modernize and simplify its fleet, the largest among US network carriers
Middle East commercial aircraft services market to grow to US$28bn
Abu Dhabi, UAE--The MENA region's commercial aircraft services market will more than double in value by 2042, according to Airbus’...Dubai and Abu Dhabi are among five of the world's largest aviation cities in the Middle East, serving more than 10,000 long-haul passengers per day
The regional expansion will surpass the global average growth of 3.6 percent, and register a 4.4 percent average annual growth by growing to $28bn
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...The $1.9 billion penalty is the third-biggest antitrust fine ever imposed by the European Commission
The iPhone maker immediately vowed to appeal the first ever antitrust fine slapped on Apple by Brussels
EDGE Group, Indra form JV
It will make next-generation radar systems in UAE.The new business entity will be granted prime rights for current and future non-NATO and non-EU orders awarded to Indra.
The JV will place a strategic focus on the continued development of sophisticated technologies, innovation and global market.
Salik revenue soars to US$574m
Toll usage revenue rose 11.7% YoY to US$502million.The total number of trips made through Salik’s eight toll gates grew by 10 percent over the course of the year.
Salik’s registered active accounts increased 16.0 percent YoY to approximately 2.4 million at the end of 2023.
Dubai International Boat Show helps in marine business
DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...The exhibition is recognized as one of the most influential boat shows in the world.
The exhibition has wrapped up following a hugely successful week of boat sales.
Qatar and Egypt hold talks to ramp up civil aviation cooperation
Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries.In this...The two countries signed a memorandum of understanding to increase air transport rights to Cairo International Airport
The agreement will facilitate the opening of new avenues of cooperation in the field of air transport between the two countries
Middle East emerges as a major player in global CEO appointments: report
Dubai, UAE - The Middle East has emerged as a prominent player in global CEO appointments, securing 68 out of a...Companies in the region boasting the highest global percentage of CEOs with prior C-suite experience, standing at an impressive 90 percent
Surprisingly, the Middle East also leads globally in terms of CEO age, boasting the youngest average CEO age at 54.5 years
89% of Saudi CEOs hopeful of kingdom’s economic growth over next 12 months
Riyadh, Saudi Arabia - About 89% of CEOs in Saudi Arabia are optimistic about the country's economic growth over the...A remarkable 71% of Saudi CEOs have observed a 5% or more increase in market share over the past three years, surpassing the global average of 49%
The Vision 2030 initiative, with its focus on reducing oil dependency, has propelled Saudi Arabia to the 17th largest global economy by GDP size in 2022
DIEZ profit jumps 64.6% in 2023
The market value of its net assets crossed US$5.66bn.DIEZ reported growth in earnings before interest, taxes, depreciation, and amortisation by 49.2 percent, alongside an 8.1 percent increase in total revenues
Economic zones affiliated to DIEZ have experienced substantial growth across six key sectors, which collectively represent 95 percent of total companies hosted.
