IPO expected for Dubai road toll operator Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Wednesday issued a new law establishing road toll operator Salik as a public joint stock company (PJSC), paving the way for a potential initial public offering (IPO). According to the law, Salik Company PJSC will have a term of 99 years, starting from the date of […] June 15, 2022
Tourism Business travel lagging behind tourism as Gulf goes virtual An estimated 115 million more passengers in the Middle East and Africa will fly during 2022 compared to last year if flight booking trends continue at their current pace, according to new research. However, business travel in the region is returning at a much slower pace with medium/long-haul and domestic bookings remaining well below 2019 […] June 15, 2022
UAE’s DP World to operate logistics park at Jeddah Port DP World is to operate a logistics park at the Saudi Arabian port of Jeddah, according to the kingdom’s port authority which on Monday invited media to the contract signing on June 19. The invitation said it was DP World’s first logistics park in Saudi Arabia. DP World, owned by the government of Dubai and […] June 14, 2022
Aviation World Cup, Russians and business travel help airlines rebound Middle Eastern airlines reported a 265 percent year-on-year increase in demand in April, according to the latest monthly data from the International Air Transport Association (IATA). Industry analysts also reported that while demand in the region is still operating at around two-thirds what it was pre-pandemic, the upcoming FIFA World Cup in Qatar, Russian tourists […] June 10, 2022
Turkish delivery company Getir to cut 14% of staff Turkish fast grocery delivery company Getir plans to cut 14 percent of its staff globally, a source with knowledge of the matter told Reuters. Founded in 2015, Istanbul-based Getir operates in around 50 cities across seven European countries, the United States as well as all major cities in its home country. The source said the […] May 26, 2022
UAE to operate ground services at three Afghan airports The United Arab Emirates has won a contract to operate ground services at three airports in Afghanistan, UAE presidential adviser Anwar Gargash said today on Twitter, confirming an announcement made earlier by the Taliban. Turkey and Qatar were also competing for the contract and had sent technical teams to help airport operations and security after […] May 25, 2022
Analysis Tourism Golden age of Saudi tourism ‘needs new airlines to soar’ Hospitality experts say 310,000 hotel rooms will be added by 2030 and more carriers are needed 'rapidly' for the predicted influx of tourists May 25, 2022
Tourism First Neom flights set to boost Saudi tourism push The new city of the future’s Neom Bay Airport will launch Saudi Airlines flights to Dubai and London Neom, arguably Saudi Arabia’s most ambitious development project, has announced a partnership with the country’s national carrier to drive tourism to the $500 billion city of the future. The deal with Saudi Airlines, known as Saudia, will […] May 23, 2022
Tourism ‘Flying taxi airports’ to get the green light in UAE The UAE is expected to issue draft regulations on so-called vertiports – micro-scale airports that can support the expected growth of vertical take-off and landing aircraft (VTOLs) – in the first quarter of 2023. Mohammed Faisal al Dossari, senior director, Air Navigation and Aerodromes Department, UAE General Civil Aviation Authority (GCAA) said the regulations would […] May 18, 2022
Aviation Emirates pins hopes on premium economy The seats will be launched on routes to London, Paris and Sydney in August, making Emirates the first Gulf airline to offer premium economy May 17, 2022
Aviation First commercial flight takes off from Yemen Yemen’s national airline operated its first commercial flight in years from the capital Sanaa today, raising hopes for renewal of a United Nations-brokered truce in the seven-year-old conflict that has pitted a Saudi-led coalition against the Iran-aligned Houthis and put Middle East security in peril. Water canons sprayed Sanaa airport’s runway as an airplane of […] May 16, 2022
Aviation 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 […] May 16, 2022
Energy ‘Ghost armada’ tankers go dark to ship sanctioned Iranian oil The "ghost armada" tankers are busier than ever, and shipping bigger cargos. They mostly supply Asian markets, according to analysts May 12, 2022
Analysis Aviation Billion dollar battle to begin for planes grounded in Russia Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the jets from leaving. The loss of over 400 leased planes worth almost $10 billion since Western countries sanctioned Russia has led to […] May 11, 2022
Aviation Air travellers ‘still risk Covid infection,’ study warns Passengers are still at risk of coronavirus infection while travelling on aeroplanes and in airports, researchers have warned. A study in the Journal of Travel Medicine reported that two Covid-positive passengers infected 15 other people during a 10-hour flight from Dubai to Australia in July 2020 – despite mandatory face masks for passengers, the use […] May 10, 2022
Aviation Leasing giant AerCap says Boeing will ‘bounce back’ The head of the world’s largest aircraft leasing company threw his weight behind Boeing on Monday, saying the jetmaker would overcome a spate of industrial and certification problems. “I think Boeing will bounce back. There are a few scenes in this movie to be played out yet,” Aengus Kelly, AerCap’s chief executive, told the Airline […] May 9, 2022
Analysis Aviation 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 […] May 9, 2022
Gulf delivery companies innovate to go the last mile How logistics companies in the Middle East are investing in technological upgrades to meet consumer demand for ever faster deliveries Today’s consumers increasingly expect cheap—or, better still, free—and fast delivery, especially in e-commerce, food and retail industries. In response, companies are investing to improve efficiency and cut costs in order to fund their shipping logistics. […] May 9, 2022
Aviation Lufthansa sees return to profit as air travel rebounds Germany’s Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of coronavirus curbs and the airline raises ticket prices to offset higher costs. The group, which owns the German airlines Lufthansa and Eurowings as well as Swiss, Austrian and Brussels Airlines, doubled sales in the […] May 5, 2022
