Emirates has taken home Airline of the Year 2020 honour at the Aviation Business Awards.
The airline was recognised for its resilience, agility and innovation in the face of the global pandemic, often leading the industry in its initiatives to boost traveller confidence and comfort.
Emirates was also hailed for its customer-centric approach, optimising the utilisation of its fleet to generate revenue, striking a balance between business imperatives with new health and safety protocols, while maintaining its industry-leading passenger experience.
Sir Tim Clark was also honoured with the Lifetime Achievement Award during the ceremony, which recognised his contributions to the aviation industry over the course of his career.
In November, Sir Tim was also the recipient of the Gulf Business Lifetime Achievement Award recognising his dedication and commitment to building the airline, and his pivotal role in transforming the flying experience not just at Emirates, but for the wider industry.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.