The Middle East will need 2,500 new passenger and freight aircraft over the next 20 years, according to Airbus. The plane maker says traffic in the region will grow by 6%, well above the world average of 4.6%. Business trips and holidays are expected to fuel domestic and regional growth, as the number of megacities increases from four to nine. Latest estimates say the region’s aviation industry supports two million jobs and contributes $116 billion in GDP.
UAE-Russia services and investment agreement takes effect
An agreement aimed at boosting trade in services and investment between the UAE and Russia has officially come into force.
UAE backs closer tourism cooperation at BRICS meeting
The UAE has backed plans to strengthen tourism cooperation between BRICS countries at a ministerial meeting in Jaipur, India.
Abu Dhabi DoE expands tech partnerships during US visit
A delegation from Department of Energy - Abu Dhabi (DoE) has concluded an official visit to the United States aimed at expanding partnerships in energy and water innovation, regulation and advanced technology.
US, Canada fail to reach a tariff deal, deepen trade war
The United States and Canada have failed to reach a trade deal late on Friday, and the US said it would impose 50 per cent tariffs on some imports from Canada, an escalation of tensions between the two long-time allies.
Hudayriyat Island tops Abu Dhabi property sales
Hudayriyat Island has topped Abu Dhabi’s real estate market in sales value for a second consecutive quarter.
