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Al Etihad
5 days ago
- Business
- Al Etihad
17,600 Afghans hosted by UAE prior to departure to final destinations
24 July 2025 23:34 ABU DHABI (WAM)As part of its humanitarian commitment and swift response during crises, the United Arab Emirates hosted 17,619 Afghans who were evacuated from Afghanistan since August 2021, before their resettlement in third countries. This step was carried out in cooperation with international partners to support the Afghan people amid the exceptional circumstances the country Emirates Humanitarian City in Abu Dhabi received the Afghan evacuees, providing high-quality services and facilities before their departure to 21 final destinations. The total cost of the hosting amounted to Dh 1.384 billion ($ 367 million), providing a comprehensive framework for dignified temporary accommodation that met the full range of needs, particularly those of children, the elderly, and UAE also facilitated the evacuation of 41,000 individuals from Afghanistan, including Afghan citizens and foreign nationals residing in the country. Driven by its commitment to supporting friendly nations, the UAE responded to requests for assistance in evacuating their citizens from Afghanistan and facilitating their eventual return their stay, the UAE provided all essential needs to Afghan nationals, including healthcare, logistical and diplomatic services, and communications, in addition to shelter and food – ensuring their comfort, dignity, and well-being. Financial assistance was also provided to help families rebuild their lives in their final facilitate the resettlement process, all necessary departure services were provided within the Emirates Humanitarian City. This included the establishment of 17 embassy offices, along with offices for the U.S. Citizenship and Immigration Services (USCIS), the International Organisation for Migration (IOM), U.S. Customs and Border Protection (CBP), and two offices for international non-governmental the healthcare domain, the UAE undertook extensive efforts to care for residents of the Emirates Humanitarian City – including Afghans and foreign nationals – especially during the COVID-19 crisis. These efforts included providing necessary vaccines and preventive treatments, with a total of 34,923 vaccines administered to all residents by specialised medical comprehensive healthcare services were offered to more than 303 newborns, while successfully completing over 303 surgeries across various specialities, including three critical cases treated abroad. In total, more than 254,572 medical services were provided throughout their temporary the field of educational and vocational training, the UAE provided education to more than 3,764 Afghans, including approximately 800 children enrolled in nurseries with school transportation and continuous follow-up. Authorities also organised more than 39 educational courses, in addition to vocational training and development workshops, which benefited 2,589 Afghan Emirates Humanitarian City facilities include outdoor courtyards, several playgrounds and entertainment facilities dedicated to children, women, and the elderly, in addition to a preventive healthcare centre. Residents also have access to the necessary means for sustenance, including medicine, food, and other essential supplies, reflecting the values and traditions of Emirati UAE is among the leading countries in providing aid to Afghanistan, and has spared no effort in assisting the Afghan people. This reflects the country's humanitarian message, rooted in values of peace, consolidating coexistence, tolerance, and the principles of human fraternity. In addition, the UAE is committed to reinforcing solidarity with nations enduring the most challenging its founding, the UAE has prioritised human dignity and people's well-being as a cornerstone to the country's approach – regardless of ethnic, religious, or geographical backgrounds. This value aligns with the country's noble humanitarian principles, which have become a global symbol of generosity and giving. Notably, the UAE ranks among the top donor countries to Afghanistan. Over the past three years alone, the UAE has provided Dh 740 million in humanitarian and relief aid, including the establishment of an air bridge to deliver hundreds of tonnes of relief and food supplies, which benefited more than one million people – primarily children, the elderly, and women. The UAE also provided medical assistance during the COVID-19 pandemic and opened 10 maternity and women's healthcare centres across seven Afghan provinces.
Al Etihad
5 days ago
- Business
- Al Etihad
Over Dh 774 bn in bank investments in UAE by end of April 2025: Central Bank
24 July 2025 20:38 ABU DHABI (WAM) Investments by banks operating in the UAE continued their upward trend, reaching Dh 774.3 billion by the end of April 2025. This marks a 16.2% annual increase compared to April 2024 and a 1.4% rise from March to banking indicators released by the Central Bank of the UAE (CBUAE), investments in debt securities grew to Dh 352.4 billion by the end of April. Meanwhile, securities held to maturity totalled Dh 345.8 also invested Dh 19.3 billion in stocks and Dh 56.8 billion in other investment bank credit rose to over Dh 2.259 trillion, reflecting an annual growth of 9.5%. Of this, domestic credit accounted for approximately Dh 1.881 trillion, while foreign credit reached Dh 378.3 deposits exceeded Dh 2.965 trillion, comprising Dh 2.689 trillion in resident deposits and Dh 275.6 billion in non-resident deposits. A breakdown of investments by emirate noted that Abu Dhabi banks took the lead with Dh 408.9 billion, followed by Dubai with Dh 296 billion, and other emirates with Dh 69.5 billion.
Al Etihad
17-07-2025
- Business
- Al Etihad
Sanad reports robust H1 2025 revenue of Dh3.2 billion as global orderbook surpasses Dh38 billion
17 July 2025 19:16 ABU DHABI (ALETIHAD)Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), today announced strong financial and operational results for the first half of 2025, reinforcing its role as a strategic enabler of the UAE's aviation and industrial recorded revenues of Dh 3.2 billion for H1 2025, marking a 39% increase over the same period last year, driven by continued momentum across its Maintenance, Repair, and Overhaul (MRO) and Asset Management divisions. Building on its Dh 4.92 billion achieved in 2024, Sanad is on track to achieve projected full-year revenues of Dh 5.4 billion in 2025. With 99% of H1 2025 revenues generated from international markets, Sanad is not only expanding its global footprint but also channeling international revenue streams into the UAE economy, reinforcing Abu Dhabi's position as a net exporter of advanced aerospace services and a rising force in the global aviation value chain. Expanding Global Orderbook and Strategic Agreements The Group's global orderbook has reached an all-time high of Dh 38 billion, driven by long-term agreements with key partners and an expanding global footprint. Notable developments include Sanad's entry into the Pratt & Whitney GTF MRO Network as the first and only provider in the SAMENA region, as well as the expansion of MRO operations to Al Ain through its strategic partnership with AMMROC. New engine maintenance agreements were signed with leading global airliners such as Lion Air and Garuda Indonesia, while the Group strengthened its long-standing collaboration with CFM International to provide full overhaul services for LEAP-1A and LEAP-1B MRO division has successfully inducted 90 engines in the first half of 2025 and is on pace to complete 210 inductions by year-end, a 30% increase over 2024. This growth has been enabled by major infrastructure and tooling investments to expand capacity and meet rising global demand. Investing in Infrastructure, Tooling, and expanded Capabilities As part of its long-term strategy to position Abu Dhabi as a global hub for engine MRO, Sanad is investing over Dh 150 million to expand and modernize its infrastructure, tooling, and facility capacity, laying the foundation for accelerated growth and enhanced service delivery worldwide:Upgraded engine test cell to enable full live testing of CFM LEAP engines, supporting both current and future customer requirementsCommenced phased rollout of full LEAP engine MRO capabilities, positioning Sanad among a select group of global MRO providers equipped to service this high-demand platformAdded new critical engine component repair capabilities for both LEAP and GEnx engines, marking a major milestone in expanding its advanced repair expertise and supporting faster turnaround times for airline parallel, Sanad expanded its Abu Dhabi headquarters by 3,600 sqm and commissioned a new 5,000 sqm MRO facility in Al Ain in partnership with AMMROC. These strategic investments significantly elevate Sanad's global competitiveness, technical capabilities and operational resilience, reinforcing its role as a catalyst for industrial innovation in the UAE and a trusted partner in the global aerospace value chain. Asset Management and Leasing Milestones Sanad continued to advance its position as a global asset management leader in H1 2025, executing high-impact transactions that are redefining aftermarket capabilities and strengthening its role in the global aviation supply chain. The Group acquired a portfolio of Rolls-Royce Trent 700 engines from Etihad Airways, significantly expanding its global asset management portfolio. In parallel, Sanad completed a strategic parts portfolio sale to AerSale, enhancing its aftermarket support one of the most notable transactions in the aviation leasing sector, Sanad also finalized a landmark Dh 400 million engine and component sale with AerCap Materials, marking one of the largest asset sales of its kind to strategic milestones reflect Sanad's agile, value-driven approach to asset management and underscore its growing influence in shaping the future of the global aviation aftermarket. Workforce Growth and Emirati Talent Development Sanad's success is driven by its people and the ability to attract, retain, and develop high-caliber talent in an increasingly competitive global aerospace market. Amid global talent shortages, the Group continued to grow and invest in future-ready capabilities:The workforce grew by 15% year on year, reaching 621 employees, including 51 new hires this year Emiratization rose to 34.6%, up from 28.3% in H1 2024 Delivered over 1384 training hours in H1 2025, focused on advanced MRO skills, safety, and leadership. In H1, Sanad signed an MoU with GE Aerospace to drive immersive training and knowledge exchange. In parallel, two Emirati engineers began a six-month exchange program at Rolls-Royce facilities in the UK, part of a strategic initiative announced last year during the Farnborough structured programs like the Sanad Technical Development Programs, Future Leaders Program, and OEM-certified trainings, are designed to cultivate a world-class aerospace talent Siddiqui, Group Chairman of Sanad, stated: "Sanad's strong performance in the first half of 2025 reflects strategic clarity, disciplined execution, and the continued trust of our global partners. What sets Sanad apart is its unwavering commitment to building future-ready capabilities—investing in people, technology, and global collaborations. Through knowledge exchange and advanced technical development, Sanad is helping shape a resilient, knowledge-based aerospace ecosystem that embodies the UAE's bold industrial vision. It stands as a powerful example of how UAE-born champions can deliver sustainable growth, global relevance, and lasting impact."Mansoor Janahi, Managing Director and Group CEO of Sanad, said: "Our performance in H1 2025 reflects the strength of our strategy, execution, and long-standing global partnerships. The expansion of our LEAP and GTF capabilities, the successful asset sale transactions, and our investments in infrastructure and talent all underscore Sanad's growing influence on the global aerospace stage. By embedding innovation into everything we do, whether through advanced MRO solutions or transformative talent development, we are not only meeting the evolving needs of our customers but also reinforcing Abu Dhabi's position as a global hub for aerospace excellence.' Looking ahead With a strong H1 foundation, Sanad is poised to deliver continued growth in H2 2025. The Group will advance global partnerships, scale infrastructure, and drive innovation to support rising demand for advanced MRO and asset management services. As Sanad continues to shape the future of aerospace, it remains committed to strengthening the UAE's industrial ecosystem and expanding its leadership across the global aviation value chain.
Al Etihad
15-07-2025
- Business
- Al Etihad
flydubai receives Executive Leadership for Middle East & Africa accolade at 2025 Airline Strategy Awards
15 July 2025 20:39 DUBAI (ALETIHAD)Ghaith Al Ghaith, Chief Executive Officer at flydubai, has been awarded the Executive Leadership for the Middle East & Africa accolade at the 2025 Airline Strategy Awards in London last Airline Strategy Awards, now in their 21st edition, are globally recognised for celebrating excellence in airline leadership and strategic innovation. Organised by FlightGlobal in partnership with Korn Ferry, the awards are judged by an independent panel of respected industry year's award recognises Ghaith Al Ghaith's strategic leadership and longstanding contribution to the aviation industry in the Middle East and Africa. Since the airline's inception in 2008, he has led the transformation of flydubai into one of the region's most dynamic carriers, building a network of more than 135 destinations across 58 countries, more than 100 of which were underserved markets that previously did not have direct air links to Dubai or were not served by a UAE Al Ghaith's leadership, the airline has emerged as a key contributor to the aviation sector, playing a strategic role in supporting Dubai's ambitious economic vision and its position as a global aviation on the award, Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: 'it is an honour to receive this award on behalf of the entire flydubai team, whose hard work and dedication have made this achievement possible. This recognition reflects not only our collective efforts but also the visionary leadership and world-class infrastructure of Dubai and the UAE, which have laid the foundation for innovation, growth and long-term success.''Since our launch, our mission has been to enable free flows of trade and tourism and to open up underserved markets. Today, we continue to reach new heights across our fleet, network, workforce and performance. I'm proud of how far we've come and look forward to the opportunities that lie ahead as we continue to grow and evolve, contributing to Dubai's aviation hub along the way. It has been an exceptional journey and I look forward to the next chapter in our success story,' added Al 2024, flydubai achieved its strongest-ever financial performance, reporting a profit of Dh 2.5 billion on revenues of Dh 12.8 billion, carrying 15.4 million passengers, an 11% compared to 2023. These results reflect Ghaith's ability to steer the airline to new heights, navigating challenges such as supply chain disruptions and broader geopolitical tensions, all while maintaining agility, its commitment to operational efficiency and challenging has also led a growing workforce representing more than 140 nationalities, while further investing in the airline's training programmes and inhouse capabilities. These include the opening of the airline's new Flight Training centre, the launch of the Ab Initio Pilot Training programme, and the groundbreaking of the Aircraft Maintenance continues to invest in its offering, with a major cabin retrofit across its Boeing 737 fleet and plans to add 30 Boeing 787 Dreamliners to support long-term growth. Its growing partnership network of more than 36 interline and codeshare agreements, which includes Emirates, Air Canada and United Airlines, has expanded its global connectivity, with over 22 million passengers benefitting from its partnership with Emirates alone. Recent enhancements to the passenger experience include its dedicated Business Class check-in area and lounge at Terminal 2, Dubai International (DXB), along with its newly refurbished Travel Shop in Dubai and ongoing retrofit programme to refresh its cabins on its fleet of Boeing 737 Next-Generation aircraft. These ongoing investments demonstrate the airline's unwavering commitment to innovation and providing an enhanced customer experience.
India Gazette
14-07-2025
- Business
- India Gazette
UAE gold buyers hold back as prices hover near Dh375 mark
ANI 14 Jul 2025, 12:03 GMT+10 Dubai [UAE], July 14 (ANI): Gold shoppers in the United Arab Emirates (UAE) are pausing their purchases as prices remain elevated at around 374.5 dirhams per gram for 22K gold, as reported by Gulf News. This price point, unchanged since the weekend, has caused a noticeable drop in footfall. Some stores at the Dubai Gold Souq reported a decline in customer visits by 30 per cent to 50 per cent.'Every time the Dubai rate pushes back to Dh 375 or so, shoppers hit a 'pause',' said a retailer. 'Shoppers will not be swayed by talk of gold prices shooting up higher from these levels. They will prefer to wait.'According to Gulf News, with the current global uncertainty, particularly renewed US trade tariff threats, gold is once again attracting investors, which continues to drive up prices. The highest level recorded in the past month was Dh 383 on June 15. If market trends hold, the local rate could climb another Dh1 or Dh2 soon, depending on how bullion reacts to global latest spike is linked to U.S President Donald Trump's announcing 30 per cent tariffs on the EU, unless a deal is struck by August 1. French President Macron has hinted at retaliatory measures, adding to the uncertainty.'Fortunately, the peak season for gold buying in the UAE is over, and all that we are seeing now are some impulse shopping for jewellery, which happens even when prices are at a peak,' said a retailer. 'The other bit of shopping has to do with DSS gold raffles, but that too came down after the rise from Dh 370 levels to Dh 374,' the retailer further prices in India breached the Rs 1 lakh per 10-gram mark to reach an all-time high level last month. As of today, the price of Gold is trading at 98,043 for 10 grams on the Multi Commodity Exchange (MCX). (ANI)
