INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

84.6% growth in travel for Middle Eastern airlines in Nov: IATA

Inbound tourism continued to account for the larger share of tourism expenditure.
  • Globally, traffic is now at 75.3% of November 2019 levels, according to the report
  • Total traffic in November 2022 rose 41.3% compared to November 2021

Geneva, Switzerland – Middle Eastern airlines had an 84.6 percent growth in traffic in November compared to the same month in 2021, according to a recent report by the International Air Transport Association (IATA), which also noted that global air travel recovery continued throughout the month.

Globally, traffic is now at 75.3 percent of November 2019 levels, according to the report. Total traffic in November 2022 rose 41.3 percent compared to November 2021.

International traffic rose 85.2 percent versus November 2021. The Asia-Pacific continued to report the strongest year-over-year results with all regions showing improvement compared to the prior year.

“Traffic results in November reinforce that consumers are thoroughly enjoying the freedom to travel,” said Willie Walsh, IATA’s Director General. “Unfortunately, the reactions to China’s reopening of international travel in January reminds us that many governments are still playing science politics when it comes to Covid-19 and travel.”