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ABU DHABI / WAM The Middle East’s commercial aircraft services market will more than double in value by 2042, according to Airbus’ latest Global Services Forecast (GSF). Growing to $28 billion from $12 billion, and registering a 4.4 percent average annual growth, the regional expansion will surpass the global average growth of 3.6 percent. Today, five of the world’s largest ...

ABU DHABI / WAM Etihad Airways announced its financial results for the full year 2023, reporting total revenue of AED20.3 billion ($5.5 billion) for the year ended on December 31, 2023. The company’s total revenue was AED18.3 billion ($5.0 billion) in 2022. The airline recorded AED1.4 billion ($394 million) operating result, driven by AED4 billion ($1.1 billion) year-on-year growth in ...

DUBAI / WAM The Mohammed bin Rashid Aerospace Hub (MBRAH), Dubai’s aerospace platform dedicated to the advancement of the aviation industry, and Tim Aerospace broke ground on their new hangar at Dubai South. The new facility will be built with the maximum allowed design dimensions, making it one of the largest wide-body capable aircraft MRO hangars in the GCC, with ...

DUBAI/ WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, issued Decree No. (14) of 2024 on the new members of The Executive Council of Dubai (TEC) chaired by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. His Highness Sheikh Mohammed also ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday received the credentials of new foreign ambassadors appointed to serve in the UAE. Moataz Abdullah Al Fahim, UAE Ambassador to Myanmar, also took the legal oath before His Highness the President. During the ceremony at Qasr Al Bahr in Abu Dhabi, His Highness Sheikh Mohamed bin ...

ABU DHABI/ WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, received a delegation from the UAE Fishermen’s Cooperative Union in the country, while accompanied by Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment. During the meeting at Qasr Al Watan in ...

ABU DHABI/ WAM The Joint Operations Command of the Ministry of Defence has announced the completion of the third airdrop of humanitarian and relief aid, carried out by the UAE Air Force and the Egyptian Air Force in the northern Gaza Strip, as part of the “Birds of Goodness” operation. The operation aims to alleviate the suffering of the war-ravaged ...

ABU DHABI/ WAM The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), participated in the TXF MENA conference, marking the third consecutive year of its engagement with the event. The conference, which took place in Dubai on 5-6 March, brought together industry leaders and experts to discuss the current economic dynamics and provided ...

DUBAI/ WAM MRO Middle East and Aircraft Interiors Middle East (AIME) 2024 marked the largest edition to date, witnessing record-breaking attendance, significant deals and announcements and thought-provoking conference sessions. The co-located events welcomed more than 8,000 attendees from 95 countries, 250 exhibitors and 120 airlines. Some of the notable announcements included flyadeal signing a long-term agreement with Safran Nacelles, focusing ...

DUBAI / WAM Dubai Future Foundation (DFF) launched the “Future Opportunities Report: The Global 50” on Wednesday, highlighting the major opportunities, transformations and trends shaping the future of governments, economies, sectors, and ultimately the future of humanity. The 50 opportunities outlined in the report are categorised into five main categories: Health Reimagined, Nature Restored, Societies Empowered, Systems Optimised, and Transformational ...