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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’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Kamco Invest launches two funds

Kamco's assets under management surpass SAR 1bn.

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.