Dubai
Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
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Thousands of people are leaving Hong Kong — and now it’s clear where they’re going
They stuck it out during the political protests of 2019. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 — not because they want to, several told CNBC, but because Covid restrictions and what they see […]
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Emirates Airline, stung by soaring fuel prices, posts $1.1 billion dollar loss
Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates. Christopher Pike | Bloomberg | Getty Images Dubai’s Emirates Airline narrowed its losses to $1.1 billion in the year to March, even as soaring jet fuel costs threaten to overshadow a recovery in travel demand. The world’s largest long haul carrier said revenue jumped 91% to $16.1 billion dollars, as […]
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Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. Karim Sahib | AFP | Getty Images Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. “We recorded […]
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Swanky vacation rentals across the Middle East look to capitalize on ‘revenge tourism’ trend
Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different […]
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Shares of Dubai utility DEWA surge in Middle East’s largest IPO since Aramco
A general view of the downtown area in Dubai, United Arab Emirates, December 08, 2021. Satish Kumar | Reuters DUBAI, United Arab Emirates — Shares of DEWA, the Dubai Water and Electricity Authority, surged more than 20% as the giant utility company began trading on the public market Tuesday, marking the first listing of its […]
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UAE reinstates visa-free entry for Ukrainians in quick reversal, offers year-long stay for arrivals prior to March 3
A view of a street in Abu Dhabi, United Arab Emirates Valery Sharifulin | TASS | Getty Images DUBAI, United Arab Emirates — The Foreign Ministry of the United Arab Emirates announced Thursday that Ukrainian citizens will continue to have visa-free entry into the country, two days after it was announced that the policy had […]
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