Emirates Airline President Sir Tim Clark says they are taking a major chunk of its record profits - $2.6 billion for the first half of 2023-24 - and investing it back into the business.
In one of the first major deals at the 2023 Dubai Airshow, Emirates announced an order for 95 Boeing aircraft, costing $52 billion.
These include 55 Boeing 777-9s, 35 777-8s, and five 787s to power its growth plans.
With this latest order, Emirates is also set to be one of the launch customers of the 777-8 passenger variant, with first deliveries expected in 2030.
Speaking to Dubai Eye 103.8's Business Breakfast show, Clark says customers will see benefits in different areas.
Meanwhile, flydubai has placed its first wide-body order for 30 Boeing 787-9s at the Dubai Airshow, diversifying its current fleet of all-Boeing 737 aircraft.
The planes are to be delivered from 2026 and are valued at $11 billion.
Clark also spoke about flydubai's growth and how their plans are great for Dubai.
Flydubai currently operates an efficient single fleet-type of 80 Boeing 737 aircraft and has an order backlog of more than 130 Boeing 737 MAX aircraft to be delivered by 2035.
Alef Education Holding plc has announced the price range for the sale of its shares and the start of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
The UAE ranked first among Arab countries and fifth globally for the quality of its roads, according to the Travel and Tourism Development Index 2024 issued by the World Economic Forum.
The Federal Regulation for Energy Management in Industrial Facilities, the first regulation of its kind in the industrial sector, which aims to reduce energy consumption and accelerate decarbonisation, was a focus of discussions on day one of the "Make It in The Emirates" (MIITE) forum in Abu Dhabi.
Investopia, in partnership with EMIR, an emerging market research specialist, held the first meeting of the ‘Next50’ initiative, which aims to promote dialogue and knowledge sharing among leading companies in the UAE, and stimulate investment in emerging sectors in the private sector.
The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.
Dubai Duty Free executive vice chairman and CEO, Colm McLoughlin, announced that he will be stepping down from his role after 55 years in the travel retail industry and 41 years of leadership at Dubai Duty Free. Colm joined the Business Breakfast to reflect on his epic career.
78% of AI users are now bringing their own AI tools to work, but what does this mean for employers? Zubin Chagpar, Senior Director and Business Group Leader, Modern Work and Surface Devices, Microsoft CEMA tells us more.