The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
Speaking on the sidelines of the “ICAO Global Implementation Support Symposium 2025” and the “Global Sustainable Aviation Marketplace” in Abu Dhabi, Abdulla bin Touq Al Marri stated the aviation sector contributes approximately $4.1 trillion to the global economy, directly benefiting individuals, families, and communities by providing job opportunities and promoting economic development.
He also pointed out aviation's essential role in boosting the tourism sector, with 58 per cent of international tourists relying on air travel. The sector’s efficiency also enables businesses to connect with global markets, facilitates tourists' access to destinations, and strengthens companies' ability to reach clients and suppliers worldwide.
Al Marri pointed out that aviation helps bridge the gap between remote and underserved areas and urban centres, improving access to essential services like healthcare and education. It plays a vital role in humanitarian efforts, such as disaster response and medical evacuations, helping overcome geographical challenges.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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