Middle Eastern carriers have recorded the strongest annual traffic growth globally of 10.5%. That’s according to The International Air Transport Association (IATA) who’ve announced global passenger traffic results for 2015, showing demand rose 6.5%. This was the strongest result since 2010 and well above the 10-year average annual growth rate. As a result, the region’s share of international traffic carried reached 14.2%.
ADCB successfully completes AED6.1 billion rights issue
Abu Dhabi Commercial Bank PJSC (ADCB) on Wednesday announced the successful completion of its AED6.1 billion rights issue, following the close of the subscription period on December 4.
UAE, Russia to strengthen economic ties
The United Arab Emirates and Russia have reaffirmed their commitment to deepening economic cooperation during a high-level meeting in Dubai.
Dubai Duty Free hits AED8 billion retail landmark
Dubai Duty Free reached an historic milestone on Tuesday when the airport retailer passed AED8 billion in annual sales for the first time in its 42-year history.
UAE and Ireland boost cooperation in tourism and the new economy
The UAE and Ireland are set to deepen economic and tourism collaboration following high-level talks in Dubai between Abdulla bin Touq Al Marri, Minister of Economy and Tourism, and Ireland’s Minister for Enterprise, Tourism and Employment, Peter Burke.
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