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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Increased revenues from cargo operations helped cushion the impact of reduced flights and weak passenger demand.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
Emirates Group, Dubai's state-owned aviation holding company, has reported a 66% drop in profit after tax for the first half of the year. The number stood at 3.6 billion dirhams ($1 billion), a drop from 10.6 billion dirhams ($2.9 billion) last year.
Revenue fell 12%—to 66.2 billion dirhams ($18 billion) from 75.4 billion dirhams ($20.6 billion) in the year before; EBITDA fell 41% to AED 12.5 billion ($3.4 billion). "It has been a demanding six months, and once again our business model and our people stood up to the test,” Emirates Group chairman and chief executive Sheikh Ahmed bin Saeed …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
