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Etihad Airways

Etihad Airways News

Analysts hope to see more companies listing in both Dubai and Saudi Arabia in the future

More dual listings expected as IPO trend continues

Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […]

Etihad's profit growth came on the back of almost $6 billion in passenger revenue

Etihad Airways’ profit more than triples to almost $500m

Etihad Airways’ net profit more than tripled last year to $476 million, the company said on Wednesday as the carrier pushes ahead with plans for an initial public offering. The earnings were boosted by $5.7 billion in passenger revenue and $1.1 billion in cargo revenue, the company said, also citing “significant operational efficiency improvements”. “Looking […]

Monitoring air pollution in Dubai. The UAE is seeking to quantify and reduce its impact on the climate

UAE companies have mixed success in cutting emissions

While many of the UAE’s major corporations are making limited progress in cutting greenhouse gas emissions, analysis by AGBI reveals that Emsteel (formerly known as Emirates Steel Arkan) is the standout performer. The UAE, the second-largest Arab economy, is seeking to quantify and reduce its impact on the climate, and in November pledged to slash its scope 1 […]

Properties in Malaga and other towns in southern Spain are drawing in younger Gulf investors

Gulf investors seek property in Spain despite tax threat

For a new generation of young, wealthy Gulf investors, London and Paris are out, and property in Marbella and Malaga is in, even if Spain’s leader is doing all he can to deter them. A fresh plan by Spanish Prime Minister Pedro Sánchez to impose a 100 percent tax on acquisitions of domestic real estate […]

Wizz Air is focusing on making its current fleet more efficient until it receives new aircraft

Wizz Air Abu Dhabi predicts slower growth

Wizz Air Abu Dhabi expects slower growth in 2025 as delays of new aircraft deliveries, engine issues in some of its existing fleet and regulatory problems in some new markets affect its ambitious expansion plans. The airline, a joint venture between Hungary’s Wizz Air Holding and Abu Dhabi’s state-owned investment holding ADQ, is navigating global […]

Blair Kinghorn of Scotland scores a try against Australia at Murrayfield. The sides will compete in rugby's new Nations Championship, to be sponsored by Qatar Airways

Qatar Airways signs $97m deal to sponsor new rugby tournament

Qatar Airways has agreed a $97 million deal to sponsor the new World Rugby Nations Championship. The eight-year deal will cover the qualifying matches and finals for the first four editions of the rugby union tournament from 2026 to 2034. The agreement is the biggest title sponsorship in international rugby, according to The Guardian. The […]

Q Logistics Holding said it is 'well positioned to guide and support the transformation of Aramex by becoming a major shareholder'

ADQ unit explores offer to buy Aramex stake in cash

A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […]

UAE Kenya exports FlyDubai first flight to Mombasa

Jet fuel makes UAE Kenya’s second largest exporter

The UAE has moved ahead of the US, Pakistan, Netherlands, Tanzania and the UK to become Kenya’s second largest export market, according to latest government figures.  The Emirates are second, behind Uganda, after exports from the Gulf state more than doubled, the Kenya National Bureau of Statistics (KNBS) said in its latest report.  However, the […]