Etihad Airways has announced new seasonal flights to Malaga following an increase in demand.
Three weekly flights will operate via the Moroccan capital, Rabat, from June 26 to September 13, 2020.
Decisionmakers pointed out that the number of visitors from the UAE to Spain has been rising rapidly, thanks in part to a successful Schengen visa waiver programme introduced for UAE nationals in 2015.
"Malaga has been on our wishlist for some time and we are tremendously pleased to announce summer season services to the Costa del Sol, a region which for decades has been popular with travellers from across the United Arab Emirates. This will be the only service between the UAE and the main gateway to Andalucía," said Robin Kamark, Chief Commercial Officer, Etihad Aviation Group.
"Together with Madrid and Barcelona, Malaga will be Etihad’s third destination in Spain, further boosting our successful operations to the Iberian Peninsula. The new flights will be operated by our next-generation 787 Dreamliners, ensuring we provide the best product and service to our customers heading on business or on holiday."
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.