Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Speaking to Dubai Eye 103.8's Business Breakfast show, he forecasted a strong return to its 100 million passengers target by the end of 2027.
The airport had been previously operating at 38 per cent in May, with 541 daily movements. According to Griffiths, the airport currently reaches around 205 cities, with another 35 cities to be added in the next few months.
Meanwhile, cargo volumes have been "incredibly strong", said the Dubai Airports CEO, with around 75 per cent of normal capacity operations.
He added that one of the challenges in reaching a full recovery stems from the inability to gain complete foreign support due to security concerns.
However, Griffiths hopes that moving forward, foreign airlines will be able to allow for an early resumption of flights to and from DXB as the regional situation settles.
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
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