Middle East airlines have experienced a demand increase of 9.9% in September showing a robust rate of growth. Although the increase was down on the 13.7% year-over year growth experienced in August, capacity rose 12.9%. The figures, released by the International Air Transport Association (IATA), also reveal that the Middle Eastern load factor slipped 2.1 percentage points to 75.7%. International figures show that airlines across all regions recorded growth.
UAE, Azerbaijan enter Comprehensive Economic Partnership Agreement
The UAE and Azerbaijan have officially entered into a Comprehensive Economic Partnership Agreement (CEPA) to bolster trade and investment relations between the two nations.
Dubai Properties awards AED 1.1 billion in contracts to advance Villanova community
Dubai Properties, a member of Dubai Holding Real Estate, has awarded contracts worth nearly AED 1.1 billion to Metac General Contracting Co. LLC for the construction of 850 townhouses at Villanova in Dubailand.
Parkin to operate parking spaces near Binghatti developments
Parkin has entered into a multi-year agreement with real estate developer Binghatti Holding, where it will operate approximately 1,200 spaces across selected Binghatti developments.
UAE, Uzbekistan explore partnerships in new economy sectors
The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.
Dubai and Shanghai trade bodies hold talks to boost business ties
Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
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