The Emirates Group has posted its strongest financial performance to date, achieving record highs in profit, EBITDA, revenue, and cash reserves, according to its 2024–25 Annual Report released last week. “This positions the Emirates Group as the most profitable aviation group globally for the 2024–25 period, with Emirates airline achieving the highest profit in its history to become the world’s most profitable airline,” said His Highness Sheikh Ahmed bin Saeed
Category: Middle East
Tech Shortfall Forces Repatriation of Tanzanian Truck Drivers from Qatar
Qatar has repatriated 75 Tanzanian truck drivers after they failed to operate advanced heavy-duty vehicles, highlighting a critical skills gap in Tanzania’s workforce. The drivers, deployed to Doha for commercial transport jobs, were unable to handle the highly automated Volvo trucks used in Qatar’s logistics sector. Trained primarily on outdated manual vehicles in Tanzania, the drivers reportedly froze when faced with the digital dashboards and GPS-guided systems of the modern
Emirates SkyCargo and Teleport, exclusive cargo partner of AirAsia
Dubai, UAE, 17 April, 2025 – Emirates SkyCargo, the cargo arm of the world’s largest international airline, has signed a Memorandum of Understanding (MoU) with Teleport, AirAsia’s exclusive cargo partner. The partnership aims to better support the burgeoning trade between Southeast Asia and the wider world, via Dubai. The agreement was signed at IATA’s World Cargo Symposium by Badr Abbas, Emirates SkyCargo’s Divisional Senior Vice President and Pete Chareonwongsak, CEO
Emirates SkyCargo Expands Fleet to Meet Growing Global Demand
Emirates SkyCargo has started 2025 with a 15% increase in cargo capacity compared to January 2024, driven by strategic investments to accommodate surging global demand. The freight division of Emirates Airline has strengthened its operations with two wet-leased Boeing 747 freighters and the delivery of its first production-built Boeing 777 freighter. This marks a significant step in its plan to expand its fleet to 21 aircraft by December 2026. Badr
Emirates SkyCargo Launches eQuote to Revolutionize Cargo Services
Emirates SkyCargo, the cargo division of the world’s largest international airline, has launched eQuote, a cutting-edge digital tool designed to enhance customer interactions with the airline’s cargo services. This launch marks a significant milestone in Emirates SkyCargo’s push towards digitization, aiming to improve customer experience, operational efficiency, and flexibility across global markets. Integrated into the e-SkyCargo platform, eQuote provides customers with a 24/7 self-service tool to request and manage spot
Emirates Expands Fleet with Order for Five More Boeing 777 Freighters
Emirates has announced a firm order for five additional Boeing 777 freighters, scheduled for delivery between 2025 and 2026. This latest order brings the airline’s pending deliveries of the Boeing 777F to a total of 14, set to arrive by the end of 2026. To further bolster its cargo capacity, Emirates has also extended a multi-year lease with Dubai Aerospace Enterprise for four Boeing 777 freighters currently in its fleet.
Qatar Airways Launches World’s First Boeing 777 with Starlink Internet Service
Qatar Airways has launched the world’s first Boeing 777 equipped with Starlink, marking a significant advancement in in-flight connectivity. The announcement was made via a media release sent using the ultra-high-speed, low-latency internet service while flying at 35,000 feet from Doha to London. The complimentary Starlink service is available to all passengers from gate to gate. Initially targeting three Starlink-equipped aircraft, Qatar Airways now plans to deliver 12 upgraded Boeing
Aviation Drives Dubai’s Economy with Projected 32% GDP Share by 2030
The latest economic impact report from Emirates Group and Dubai Airports underscores aviation as a cornerstone of Dubai’s economy, contributing 27% of the emirate’s GDP in 2023—an impact of AED 137 billion (USD 37.3 billion). By 2030, aviation’s share is projected to rise to 32%, as forecasted by Oxford Economics. Aviation’s influence extends beyond flights to include supply chain effects, wage-based spending, and tourism. In 2023, the sector supported over
Cyprus to Re-Tender $1.3 Billion Larnaca Port Project After Terminating Concession
Preparations are underway to re-tender the development of Larnaca Port after Cyprus terminated a $1.3 billion concession agreement. Transport Minister Alexis Vafeades announced that Qatar, along with other investors, had expressed interest in the port. The re-tendering process might be delayed by potential legal actions from the previous operator, Kition Ocean Holdings. Kition Ocean Holdings, a joint venture between Israeli investor Eldeman Holdings BV and Cypriot firm Alexandrou Corporate Services
Maersk ups full year earnings forecast as port congestion grows
AP Møller – Maersk expects a stronger financial performance in the second half of the year as container spot rates hit their highest level since August 2022. The Danish shipping company has upped its full year 2024 EBIT forecast to $1 – $3 billion from negative $2 billion – $0 previously and its full year EBITDA forecast to $7 – $9 billion from $4 – $6 billion previously. “On the