Friday 24 March 2017
 
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2016

Abu Dhabi, Saudi non-oil trade hits $4.6bn in 2016

The total value of non-oil trade between Abu Dhabi and Saudi Arabia reached Dh17 billion ($4.6 billion) in 11 months during 2016, based on statistics that focussed mainly on the imports through Abu Dhabi’s land, sea, and airports, a report

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A stressful 2016 tempers optimism among millennials

A turbulent 2016—punctuated by terror attacks in Europe, Brexit, and a contentious US presidential election—appears to have rattled millennials’ confidence, according to Deloitte’s sixth annual Millennial Survey.

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Air Arabia reports net profit of $138m for 2016

Air Arabia has posted a net profit of Dh509 million ($138.5 million) for the year 2016, 4 per cent lower than the 2015 figure of Dh531 million ($144.5 million). Turnover for the full year 2016 was in line with the preceding 12 mon

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Adnec welcomes 1.5m visitors in 2016; up 30pc

Abu Dhabi National Exhibitions Company (Adnec) announced that its key venues including Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC) collectively welcomed more than 1.516 million visitors across 480 local and internati

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Etihad flies 18.5m passengers in 2016

Etihad Airways, the national carrier of the UAE, carried 18.5 million guests in 2016, up 6 per cent on figures reported in 2015. The year 2016 proved to be another year of sustained growth for the carrier, helped by new aircraft,

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Global air freight demand grows 3.8pc in 2016

The global air freight market demand, measured in freight tonne kilometers (FTKs), grew by 3.8 per cent in 2016 compared to 2015, according to data released by the International Air Transport Association (Iata). This was nearly do

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Flydubai revenues hit $1.3bn in 2016

Flydubai's total revenue for the year 2016 hit Dh5 billion ($1.36 billion), jumping 2.4 per cent compared to the same period in 2015, with total profits reaching Dh31.6 million ($8.6 million). The airline also recorded a 14.4

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Mena hospitality markets see revenues drop in 2016

Hospitality markets across Mena witnessed a negative performance in 2016 compared to 2015, a new report has revealed. According to the EY Middle East Hotel Benchmark Survey Report, the majority of markets experienced a drop in Rev

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GWC reports net profit of $56.4m for 2016

Gulf Warehousing Company (GWC), a leading logistics provider in Qatar, has reported net profits of QR205.7 million ($56.4 million) in 2016, representing an increase of 11 per cent in comparison with QR185.2 million ($50.8 million) in 2015.

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Aramex reports $116m net profit for 2016

Aramex, a leading global provider of logistics and transportation solutions, has reported that the company’s 2016 full year net profits increased by 37 per cent to Dh426.6 million ($116.1 million), compared to Dh311.3 million ($84.7 millio

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