Latest news with #ACI
Arabian Business
2 days ago
- Business
- Arabian Business
Dubai International Airport named most connected hub in Asia-Pacific and Middle East
Dubai International (DXB) has maintained its position as the leading airport in ACI's 2024 Air Connectivity Ranking for the Asia-Pacific & Middle East. DXB topped the list of the top 10 hub airports for connectivity last year, followed by Shanghai Pudong International Airport, Qatar's Hamad International Airport, and Incheon International Airport in Seoul, South Korea. The ACI Asia-Pacific & Middle East Air Connectivity Ranking, a comprehensive, passenger-centric analytical tool developed in collaboration with PwC in 2023, is refined for its third edition in 2025. It assesses performance through three fundamental building blocks – network scale and frequency, economic weight of destinations, and connection quality and efficiency. Commenting on the achievement, Paul Griffiths, CEO of Dubai Airports, said connectivity is the cornerstone of relevance in global aviation, and the operator was pleased to see Dubai International (DXB) recognised once again as the region's leading hub in ACI's 2024 Air Connectivity Ranking. 'What sets DXB apart is not only the scale of our network, but the consistency and quality of the connections the airport provides,' he said. ACI said on average, connectivity across all airports rose in both Asia-Pacific and the Middle East by more than 14 per cent last year. 'The Middle East, however, isn't just recovering – it's setting a new pace. Both intra-regional and inter-continental connectivity have not only bounced back but have exceeded pre-pandemic levels by a significant margin of 18 per cent and 16 per cent, respectively,' it said. Griffiths said DXB currently serves more than 265 destinations across six continents, reinforcing its contribution to global trade, tourism, and the creation of sustainable economic opportunities. 'But connectivity at this level only matters if it is delivered with precision. Our strength lies in combining reach with efficiency, ensuring fast, seamless and secure journeys for tens of millions of guests each year,' he added.
Business Recorder
2 days ago
- Business
- Business Recorder
Dubai International Airport tops ‘air connectivity ranking' in Asia-Pacific and Middle East
Dubai International (DXB) has maintained its position as the leading airport in the ACI's 2024 Air Connectivity Ranking for the Asia-Pacific & Middle East. The airport currently serves more than 265 destinations across six continents, reinforcing its contribution to global trade, tourism, and the creation of sustainable economic opportunities. In a statement released Wednesday, Paul Griffiths, CEO of Dubai Airports, said, 'connectivity is the cornerstone of relevance in global aviation, and we are pleased to see DXB recognised once again as the region's leading hub in ACI's 2024 Air Connectivity Ranking. Dubai Duty Free experiences record sales of AED7.901bn in 2024 'What sets DXB apart is not only the scale of our network, but the consistency and quality of the connections the airport provides.' Dubai airports CEO says tariff war makes tourism unpredictable 'But connectivity at this level only matters if it is delivered with precision. Our strength lies in combining reach with efficiency, ensuring fast, seamless and secure journeys for tens of millions of guests each year,' he added. Last month it was reported that DXB retained the title of the World's Busiest International Airport in 2024. A record 92.3 million passengers travelled through Dubai's international airport last year. The figure broke the previous high of 89.1 million in 2018. In a statement, Dubai's ruler and UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum called the airport a 'global success story' and said it was targeting 400 international destinations, up from 272 currently.
Zawya
2 days ago
- Business
- Zawya
Jordan inaugurates pavilion at BUILDEX construction expo in Damascus
AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Wednesday inaugurated the Jordanian pavilion at the 22nd International Construction Exhibition "BUILDEX" in Damascus. The pavilion features 30 Jordanian industrial companies, participating with support from the Amman Chamber of Industry (ACI). The companies represent "key" sectors involved in reconstruction efforts, including infrastructure, building materials, energy and engineering industries, areas where Jordan is recognised for its competitive capabilities, Jaghbir said. He stressed the importance of boosting economic ties between Jordan and Syria, citing shared interests, historical connections and the presence of a significant number of Syrian investors in the Kingdom, Al-Mamlaka TV reported. The five-day exhibition is being held at the new Damascus Exhibition City, under the patronage of the Syrian ministries of economy, industry, public works and housing. This year's edition features the participation of 490 Syrian companies and 250 international and Arab firms, covering sectors such as construction materials, interior finishing, alternative energy, water technologies, furniture, real estate development, engineering consultancies, logistics, banking and safety systems, according to Al Mamlaka News Channel. The JCI president had previously said that the Jordanian exports to Syria exceeded JD13 million in the first two months of 2025, marking a 40 per cent increase compared with the same period last year, expressing optimism that trade levels could return to their 2011 peak of over JD181 million. Syria on Monday invited Jordanian companies to participate in reconstruction efforts. The invitation came during a meeting in Damascus between Syrian Minister of Public Works and Housing Mustafa Abdulrazzaq and members of a visiting Jordanian economic delegation. During the Monday meeting, Abdulrazzaq urged Jordanian firms specialising in contracting, construction and engineering consultancy to take part in efforts to rebuild war-damaged areas across Syria. President of the Jordan Chamber of Commerce (JCC) Khalil Hajj Tawfiq, who led the Jordanian delegation, said that the visit aimed to revive commercial and investment ties. Hajj Tawfiq expressed the private sector's readiness to forge 'strategic' partnerships to support Syria's recovery. He cited Jordan's 'strong' construction and engineering sectors, and pledged to provide a list of Jordanian companies specialised in renewable energy and street lighting. The JCC president proposed a "dedicated" business forum to showcase Jordanian capabilities in construction and housing. President of the Jordanian Contractors Association Fouad Duweiri expressed the readiness of Jordan's contracting sector to deliver services, including construction, consulting and mechanical training aligned with modern building standards. He welcomed collaboration with Syria's private sector in infrastructure and housing projects. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer on Albertsons Companies (ACI): 'This is a Survivor'
We recently published a list of . In this article, we are going to take a look at where Albertsons Companies (NYSE:ACI) stands against other stocks that Jim Cramer discusses. A caller inquired about Cramer's thoughts on Albertsons Companies, Inc. (NYSE:ACI). Here's what Mad Money's host had to say: 'Once they got away from that merger, I think that people realized the value of the company. It's still a low multiple stock. I happen to like Kroger more, but I've gotta tell you, this is a survivor, and I think that Albertsons' going to keep going higher.' A fresh produce section in a modern grocery store. Albertsons Companies (NYSE:ACI) runs food and drug stores that sell groceries, health and beauty items, pharmacy products, fuel, and other goods. The company also produces and processes food items for retail under different store names. Longleaf Partners Fund stated the following regarding Albertsons Companies, Inc. (NYSE:ACI) in its Q1 2025 investor letter: 'Albertsons Companies, Inc. (NYSE:ACI) – US grocery retailer Albertsons was a contributor for the quarter. Albertsons was a new purchase in 2024, after we had followed the company and its predecessors for years. In an otherwise turbulent quarter, Albertsons stands out as a stable business that remains undervalued because it had fallen off the radar during a protracted deal process with Kroger that ultimately failed. The company should grow at a moderate pace and has plenty of financial firepower to repurchase shares, all while it has multiple strategic options (such as unlocking its real estate value and/or selling non-core markets) to realize value per share.' Overall, ACI ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ACI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Gulf Today
2 days ago
- Business
- Gulf Today
DXB remains world's leading airport for global passengers
Dubai International (DXB) has maintained its position as the leading airport in the ACI's 2024 Air Connectivity Ranking for the Asia-Pacific & Middle East (APME). Commenting on the achievement, Paul Griffiths, CEO of Dubai Airports, said, 'Connectivity is the cornerstone of relevance in global aviation, and we are pleased to see Dubai International (DXB) recognised once again as the region's leading hub in ACI's 2024 Air Connectivity Ranking. 'What sets DXB apart is not only the scale of our network, but the consistency and quality of the connections the airport provides.' The airport currently serves more than 265 destinations across six continents, reinforcing its contribution to global trade, tourism, and the creation of sustainable economic opportunities. 'But connectivity at this level only matters if it is delivered with precision. Our strength lies in combining reach with efficiency, ensuring fast, seamless and secure journeys for tens of millions of guests each year,' he added. Griffiths continued, 'This recognition reflects the oneDXB spirit - a shared commitment of our airline partners, the broader airport community and the city of Dubai. Together, we are shaping a model of airport connectivity that is agile, guest-focused and economically significant, not just for the region but for the world.' Dubai International (DXB) has set a new benchmark in global aviation, welcoming 92.3 million guests in 2024 – the highest annual traffic ever recorded in its history. This milestone surpasses the previous record of 89.1 million achieved in 2018 and coincides with a landmark achievement: a decade of DXB leading the Airports Council International's (ACI) list of the world's busiest international airports. This record-breaking performance was driven by sustained growth throughout the year, capped by an extraordinary final quarter that highlighted Dubai's magnetic appeal as a global destination for travel, business, and investment. December emerged as the busiest month of 2024, with 8.2 million guests choosing DXB as their gateway and destination, reaffirming its position as the airport of choice for millions worldwide. Commenting on the achievement, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said, 'Dubai International (DXB) is a global success story that reflects the UAE's ability to transform bold ambitions into reality. Consistently ranked as the world's busiest airport for international passengers, its record annual passenger traffic this year is a testament to the relentless pursuit of innovation and excellence that continues to shape the UAE's progress.' 'Our sustained investment in enhancing the airport's capabilities contributes to our ability to achieve ambitious goals such as the Dubai Economic Agenda D33's targets of becoming one of the world's top five logistics hubs and doubling foreign trade by expanding connections to 400 new cities globally.' Sheikh Mohammed Bin Rashid commended the teams behind this remarkable success led by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group. 'Beyond gaining accolades, this achievement reflects our determination to set new global benchmarks. Under Sheikh Ahmed's guidance, Dubai continues to redefine what a world-class airport experience means, inspiring travellers and industries alike.' Sheikh Mohammed further said, 'Our focus goes beyond rankings, we aim to provide exceptional value to the world. In the years ahead, we seek to strengthen Dubai's position as a global bridge between markets and cultures and a hub for connectivity and innovation. The future promises even greater milestones, each a step closer to realising Dubai's bold vision.' Paul Griffiths, CEO of Dubai Airports, said, 'Crossing the 92 million mark is a monumental achievement for DXB and for Dubai. It reflects the relentless drive, collaboration, and passion of the oneDXB community – our people and partners – who work together to deliver seamless, world-class experiences that leave a lasting impression on every guest. This year's results exceeded our forecast by almost 200,000 in guest numbers, underscoring the strength of DXB's global appeal. Looking ahead, we are confident in reaching the milestone of 100 million annual guests by 2027. Our $35 billion expansion plans for Dubai World Central – Al Maktoum International (DWC) will ensure we not only accommodate this growth but also allow Dubai Airports to redefine what it means to travel. This mega-project will give us the opportunity to incorporate the latest thinking in 21st-century airport design, gleaned from delivering the very best service to the more than 700 million customers that have passed through DXB over the last decade. We will ensure that the experience gained from 10 years as the world's largest international airport will make Dubai an even more compelling destination.' WAM
