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Mohamed Alabbar is best known as the founder of Emaar Properties, the developer of assets such as the Burj Khalifa and the Dubai Mall

Zand unveils big names as UAE’s digital banking rivalry hots up

Zand, the digital bank headed by Emaar boss Mohamed Alabbar, has named a number of business big hitters as part of its board of directors ahead of its launch. Adnan Abdulfattah Kazim Abdulfattah, Emirates chief commercial officer, and Yusuff Ali MA, chairman of retail giant Lulu Group, are part of the new venture as competition […]

Sky Kurtz, co-founder and CEO of Pure Harvest Smart Farms, a fast-growing agtech business

Pure Harvest aims to grow UAE’s next $1bn unicorn startup

“Why did such a promising young man leave Silicon Valley to grow tomatoes in the desert?”. It’s a question Stanford University business graduate and former private equity investor Sky Kurtz says he gets asked a lot, even by his own father-in-law.  “My wife’s father thought I’d lost my mind. He was literally like, ‘there’s something […]

Emirates Airlines are operating almost twice as many flights over 2,500 nautical miles than they were 12 months ago

Re-opening of long-haul routes helps reduce airline losses

Middle East aviation industry losses are expected to narrow to $1.9 billion in 2022 after the region’s airlines lost $4.7 billion last year. According to the latest figures released by the International Air Transport Association (IATA), the re-opening of many long-haul routes in particular has been a “welcome boost” to airlines in the Middle East.   […]

Airport, Person, Human

58 million travellers expected at Dubai airport in 2022

Dubai International Airport (DXB) is set to serve over 58 million passengers this year, more than double the amount in 2021, as the UAE’s aviation sector continues to rebound from the impact of the global coronavirus pandemic. The figure was revealed by Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation Authority, chairman […]

Mena has high hopes for post-pandemic tourism

Visitors are returning to key tourism destinations around the Middle East and North Africa, but not everywhere is faring so well The surge in passenger numbers at the Gulf’s biggest airports in the opening months of this year tells a clear story of recovery in the region’s travel and tourism sector. Doha’s Hamad International handled […]

Blockchain is high on the agenda at this year's World Economic Forum in Davos

Crypto Oasis smashes Blockchain ambition in the UAE

The United Arab Emirates has set a new goal to attract 1,500 Blockchain-related entities by the end of 2022, after achieving its initial target of 1,000 seven months early. In January 2020, at the World Economic Forum in Davos, the Dubai Multi Commodities Centre (DMCC) announced a partnership with Switzerland’s Crypto Valley to develop the […]

Emirates should be allowed to fly to Berlin, says German exec

The bilateral air service agreement between Germany and the United Arab Emirates should be expanded to allow Dubai’s Emirates airline to operate direct flights to more cities, including the capital Berlin, a senior official from the Middle East office of the German National Tourist Board (GNTB) told AGBI. Under the existing air services agreement between […]

Gulf’s top airlines take different paths to soar post-Covid

The air travel industry was among the worst hit globally by the coronavirus pandemic and its ensuing lockdowns and border closures — and the Middle East’s industry was no exception.  According to a report by McKinsey & Company, the pandemic caused global aviation revenues to drop by 60 percent in 2020, and airlines lost a […]