INSEAD Day 4 - 728x90

air

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency said. The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said...
  • Air passenger numbers to top five billion for the first time in 2025: IATA

    Geneva, Switzerland -- Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said Tuesday. "Passenger numbers are expected to reach 5.2 billion in 2025, a 6.7 percent rise compared to 2024...
  • From polar bears to groundwater, nature is riddled with ‘forever chemicals’

    Paris, France - They didn't exist a century ago but today PFAS "forever chemicals" contaminate the environment from groundwater to Antarctic snow to turtle eggs, and concern over their possible toxicity is growing. Lawsuits and regulations targeting per- and polyfluoroalkyl substances (PFAS) are multiplying, with France becoming the latest jurisdiction to...
  • UAE bolsters air cargo industry with launch of ‘CARDS’ data platform

    Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range of technical services to government entities, national airlines, ground handling agents and express service providers. CARDS is the first platform of its kind to provide an analytical view of air...
  • Passenger air traffic has surpassed pre-pandemic levels: ICAO

    Montreal, Canada--The International Civil Aviation Organisation (ICAO) projected that passenger air traffic levels will be around 2 percent higher In the first quarter of 2024 than in 2019, with airlines expected to sustain their operating profitability seen in 2023. Demand this year is forecast to be around 3 percent above...
  • 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 connection, the civil aviation officials from the two countries held talks in Cairo to boost the cooperation. Mohamed bin Faleh Al Hajri, in charge of managing Qatar Civil Aviation...
  • Air cargo demand rebounds in 2023 amid economic uncertainty

    Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to new data for global air-freight market released by the International Air Transport Association (IATA). As per the new data full-year demand reached a level just slightly below 2022 and 2019....
  • Middle Eastern carriers record 1.6% increase in air cargo demand: IATA

    Geneva, Switzerland -- Middle Eastern carriers reported a 1.6 percent increase for global and international demand in 2023 compared to 2022 and an increase in capacity of 13.5 percent (13.6 percent for international operations), the International Air Transport Association (IATA) said. In December, airlines in the region posted an 18.3 percent increase in...
  • China implores all sides to prevent Yemen conflict expanding

    Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and United Kingdom on Houthi rebel targets. Heavy US and British air strikes pounded targets in rebel-held Yemen early on Friday after weeks of disruptive attacks on Red Sea shipping by...
  • 15% increase in air traffic at UAE airports during COP28, says GCAA

    ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference of the Parties (COP28) held at Expo City Dubai, said Director-General of the General Civil Aviation Authority (GCAA) Saif Mohammed Al Suwaidi. In a statement to the Emirates News Agency...
  • UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector

    Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and Switzerland to strengthen cooperation in the field of air transportation with Brazil and Switzerland. The agreements were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO...
  • 99 percent of world live in areas with air pollution levels above WHO guideline limits

    DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air pollution levels exceed WHO guideline limits. Exposure to air pollution increases the risk of respiratory diseases, stroke, heart attacks, diabetes and links to dementia. Children are also highly susceptible to...
  • UAE to pump CO2 into rock as carbon capture debate rages

    Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump it into rock -- part of controversial attempts to target planet-heating emissions without abandoning fossil fuels. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon...
  • MSNBC takes top three Muslim presenters off air

    Dubai, UAE--American cable channel MSNBC has quietly taken three prominent Muslim journalists “out of the anchor’s chair” since the onset of war between Palestinians and Israel, according to a media report. The report said MSNBC quietly took Mehdi Hasan, Ayman Mohyeldin, and Ali Velshi “out of the anchor’s chair” after...
  • UAE, South Korea ink MoU to enhance air transport relations

    ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum of Understanding (MoU) with South Korea to enhance their bilateral air transport relations. This MoU includes an agreement to increase the number of national carrier flights between the two countries...
  • Libya and Italy sign MoU to boost cooperation in civil aviation

    Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and regular flights between the two countries. In this regard, the Libyan Civil Aviation Authority and the Italian civil aviation authority signed a memorandum of understanding (MoU) at the Ministry of...
  • Iran receives first batch of Russian combat trainer jets

    According to an Iranian media outlet, a batch of advanced Yak-130 training aircraft flew into the Shahid Babaei Air Base in Isfahan in central Iran, part of the Islamic republic's arms contracts with Russia. The army's public relations department said that jets will improve the training and combat capability of...
  • UAE signs air transport services agreement with Austria to boost trade

    Vienna, Austria-- Looking to ramp up trade and business relations, the United Arab Emirates has signed an air transport services agreement with Austria at the Ministry of Foreign Affairs in the capital, Vienna. The agreement, which aims to strengthen air transport relations between the two countries, was signed on behalf...
  • AD Ports Logistics signs deal with Acino for freight services

    Abu Dhabi, UAE-- AD Ports Logistics (ADPL) has signed an agreement with Acino to provide the Swiss company with global freight-forwarding services, inclusive of sea and air transport in the Middle East and North Africa (MENA) region. The agreement will see ADPL leverage its fully integrated and GDP-certified end-to-end pharma...
  • Hyundai targets two million EV sales by 2030

    SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar. It also announced plans to invest a total of 109.4 trillion...
  • UAE’s GCAA signs agreement with ICAO to boost collaboration

    Montreal, Canada--The UAE General Civil Aviation Authority (GCAA) and the International Civil Aviation Organisation (ICAO) has signed a joint cooperation agreement to deepen collaboration. The agreement was signed by Mohammed Abdullah Al-Salami, Chairman, Department of Civil Aviation, in Fujairah, GCAA Deputy Board Chairman, and Juan Carlos Salazar, ICAO Secretary General. This came...
  • Saudi Arabia climbs to 13th rank on IATA air connectivity index

    Riyadh, Saudi Arabia-- Saudi Arabia vaults to the 13th position on the air connectivity index of the International Air Transport Association (IATA) in 2023, up from the 27th position in 2019. In the ranking that includes over 200 countries, the Kingdom achieved a record rise by 14 places. It achieved...
  • Iraq faces first sandstorm of the year, covering cars, homes in dust

    Blanketing central Iraq in dust, the sandstorm made life diffcult on Firday for Iraqis venturing out of their homes. A thick film of dust covered cars and houses and many struggled to breathe air filled with sand. It was the first such weather event to hit the aird country this...
  • Qatar receives more than 600,000 visitors in December

    Doha, Qatar-- Qatar has received more than 614,000 visitors during the month of December 2022, a monthly increase of 3.7 percent as against November 2022. The highest number of visitors were from the Gulf Cooperation Council at 40 percent. As for visitors by type of port, the visitors via air...
  • Dubai conference explore ways to nullify environment challenges

    This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by the United Nations Framework Convention on Climate Change (COP28).
  • IATA says global passenger demand for air traffic growing

    Geneva, Switzerland— Total global air traffic has shot up 44.6 percent in October as against October 2021, according to the International Air Transport Association (IATA). Total traffic in October 2022 (measured in revenue passenger kilometers or RPKs) rose 44.6 percent compared to October 2021. Globally, traffic is now at 74.2...
  • Commercial operations begins at Al-Zour Refinery project in Kuwait

    Kuwait City, Kuwait - The Kuwait Integrated Petroleum Industries Company (KIPIC) has started commercial operations of the first phase of Al-Zour Refinery project. The project started last month to produce and sell primary quantities of fuel oil and supply it to local electric power stations. Acting CEO of KIPIC Waleed...
  • Saudi Arabia and Finland to start air services and increase trade

    Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the two countries. The agreement is designed to propel economic partnership and boost trade. In this connection, the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia and...
  • Air travel rebounds but still suffering from pandemic

    Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected by the pandemic, industry data showed Thursday.
  • Number of visitors to Qatar rise by 138.3% in August

    The highest number of visitors was from the GCC countries at 59 percent.
  • Pentagon combines sea drones, AI to police Gulf region

    The year-old program operates numerous unmanned surface vessels, or USVs, in the waters around the Arabian peninsula, gathering data and images to be beamed back to collection centers in the Gulf. The program operated without incident until Iranian forces tried to grab three seven-meter Saildrone Explorer USVs in two incidents,...
  • Saudi allows duty-free markets at air, sea and land ports

    Riyadh, Saudi Arabia -Saudi Arabia has approved the establishment of duty-free markets, when necessary, at air, sea and land ports and on-board ships and aircraft. The kingdom's Zakat, Tax and Customs Authority (ZATCA) had invited the public to express their opinion on the draft Free Market Rules through “Istitlaa” platform...
  • Air tickets to be costlier as demand for travel rises

    Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a reversal that looks set to intensify due to environmental pressures, experts say. In the United States, the average price of an internal flight has shot up, from $202 in October...
  • US-led forces shoot down armed drone in Iraq

    The US-led coalition fighting the Islamic State group in Iraq said it shot down Friday an armed drone that targeted an air base, reporting no casualties or damage. The base, which is controlled by Iraq, is located in the desert in the western Anbar province.
  • Air travel momentum up as countries lift Covid restrictions: IATA

    Air travel recovery was gaining momentum as countries were lifting restrictions, with a sharp 11-percentage-point increase for international tickets sold in recent weeks, according to the International Air Transport Association (IATA). Data released by IATA said that in the period around 8 February (seven-day moving average) the number of tickets...