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.
Emirates to maintain capacity despite challenges, says Tim Clark
Emirates will roll out incentives aimed at winning back customers worried about the protracted Iran war, focusing on safety and reliable travel connections rather than lower fares, the airline's President Tim Clark told Reuters on Tuesday.
UAE nationals to get AED25,000 in VAT savings on new homes
The expense eligibility on VAT refunds on the costs of constructing new homes for UAE nationals has been expanded under a new initiative by the Federal Tax Authority (FTA), with AED 25,000 set for each claim.
DFM recognised by Switzerland's financial authority as foreign trading venue
Shares from Swiss-incorporated companies can now be traded on Dubai Financial Market (DFM) after it has been recognised by Switzerland's Financial Market Supervisory Authority (FINMA) as a foreign trading venue.
Apple bets on overdue Siri fix to close AI gap
Apple has rolled out a long-delayed overhaul of Siri on Monday, betting the upgraded assistant can help close the gap with Big Tech rivals and new-age startups in the crucial AI race.
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