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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.

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Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

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Dubai Airport to reopen Terminal 1

Cargo traffic was up 20.4 percent in the last quarter. (AFP File)
    • The reopening of the facilities will enable the return of 40 plus international carriers that are currently operating at Terminals 2 and 3 back to their home terminal at DXB

    • Dubai Airports has advised passengers to confirm their terminal of departure and arrival with their airline before coming to the airport 

    Dubai Airports has announced that it will reopen Dubai’s International’s Terminal 1 and Concourse D on June 24. The facilities were closed on March 25, 2020 following the partial suspension of operations at Dubai International Airport (DXB) to control the spread of COVID-19.

    The reopening of the facilities will enable the gradual return of 40 plus international carriers that are currently operating at Terminals 2 and 3 back to their home terminal at DXB.

    Dubai Airports has advised passengers to confirm their terminal of departure and arrival with their airline before coming to the airport as the transition will be managed in several stages, with the plan for the relocation to be completed by the end of June.

    Chairman of Dubai Airports Sheikh Ahmed bin Saeed Al Maktoum welcomed the reopening of Terminal 1 as an important step in preparing to accommodate the anticipated growth in travel demand in the coming months. 

    “Dubai’s aviation sector has been at the forefront of a global campaign to restore vital international air services with the opening of quarantine-free travel corridors between the UAE and multiple countries around the world,” Sheikh Ahmed said.

    “This move signals our confidence that the outlook for the rest of the year and beyond is one of optimism, as well as being a clear indication of Dubai’s intent to lead the aviation industry to enable social and economic world recovery”. 

    Opened in February 2016, the $1.2 billion Concourse D is linked to Terminal 1 by an airport train, and the combination of these two facilities provide world-class service levels for an annual capacity of 18 million passengers.