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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UAE witnesses record 2.4m tourists in first six months of 2023

The number of tourists increased by 34% vis a vis last year. (WAM)
  • The emirate’s hotel establishments generated revenues exceeding AED3 billion during the same period, a 26 percent growth compared to last year.
  • The hotels also recorded an average occupancy rate of 70 percent, with the average stay in the emirate's hotels being 2.7 nights.

Abu Dhabi, UAE – A record 2.4 million tourists visited the UAE during the first six months of 2023, a report by the Department of Culture and Tourism – Abu Dhabi said.

Also, the numbers marked an increase of around 34 percent compared to the same period during last year.

The emirate’s hotel establishments generated revenues exceeding AED3 billion during the same period, a 26 percent growth compared to last year.

They also recorded an average occupancy rate of 70 percent, with the average stay in the emirate’s hotels being 2.7 nights.

Abu Dhabi airports also reported a 67 percent rise in passenger traffic, with 10,258,653 passengers travelling through Abu Dhabi International Airport during H1, compared to 6,158,376 during the same period last year.

Regarding flights, Abu Dhabi International Airport accommodated 67,835 flights, a 36 percent increase compared to 49,919 in the first half of 2022.