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The Latest Breaking News from Ahmed bin Saeed Al Maktoum

Emirates rides out Iran war fuel turmoil

Emirates airline achieved a record $5.4 billion net profit, bolstered by strong cash reserves and effective fuel hedging. Despite disruptions from the Iran war and rising jet fuel prices, the carrier is proceeding with aircraft deliveries and a retrofit program, aiming to restore pre-disruption capacity.

The Economic Times

FlyDubai orders 75 Boeing aircrafts in deal worth $13 billion

FlyDubai and Emirates have made major investments in Boeing and Airbus to accomodate booming passenger growth at Dubai's International Airport.

Euronews

FlyDubai expands its fleet beyond Boeing with major Airbus order

Airbus managed to secure the deal on the second day of the Dubai Air Show, after Boeing dominated order counts on Monday.

Euronews

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Emirates places $38bn order for 65 Boeing 777-9s at Dubai Air Show

The airline plans to begin receiving deliveries in 2027, as it expands its fleet to meet growing demand through Dubai, one of the world’s busiest travel hubs.

Euronews

Emirates Airline Group Announces Record $6.2 Bn Gross Profit

The 18 percent rise in profit, based on strong customer demand, slimmed to $5.6 billion after the UAE's recently introduced corporate tax, which was applied for a full financial year for the first time.

International Business Times

Colm McLoughlin, Irishman who led Dubai Duty Free to become an airport retail giant, dies at age 81

Colm McLoughlin, an Irishman who landed in the deserts of the United Arab Emirates and helped lead Dubai Duty Free into becoming an airport retail behemoth generating billions of dollars a year, has died

The Independent UK

Emirates unveils £42bn Boeing aircraft order at Dubai Airshow

Dubai-based mega-carrier buys 55 Boeing 777-900s, 35 Boeing 777-800s, and five more Boeing 787s

The Independent UK

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Landmark UAE Gas Sales Agreement Signed between ADNOC, DUSUP

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). The agreement showcases the UAE’s…

Asharq Al-Awsat

Emirates to start paying back Dubai for its $4B lifeline

Long-haul carrier Emirates plans to use projected profits from this fiscal year to pay back the Dubai government for some of the roughly $4 billion it pumped into the beleaguered airline during the height of the coronavirus pandemic

The Independent UK

Dubai to Switch Upcoming Coal-Powered Plant to Natural Gas

A planned $3.4 billion coal-fired power plant in Dubai will be converted to use natural gas, the sheikhdom announced. The announcement came in a statement quoting Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Dubai Supreme Council of Energy and CEO of the group owning the long-haul carrier…

Asharq Al-Awsat

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