Latest news with #DubaiEye103.8's
ARN News Center
05-05-2025
- Business
- ARN News Center
'Dubai chocolate' accounts for 4% of Dubai Duty Free's April revenue
Dubai's viral pistachio-filled chocolate bars are driving up revenue at Dubai Duty Free, accounting for 4 per cent of the total business in April. Speaking to Dubai Eye 103.8's Business Breakfast show, Managing Director of Dubai Duty Free Ramesh Cidambi said the chocolate represents 40 per cent of all confectionery sales during the month. In April, Dubai Duty Free welcomed sales worth AED713 million ($195.4 million), representing an 18 per cent increase over the same period the previous year. The revenue positions April as the fourth best month on record for the airport retailer since operations began. Originally launched by Fix in 2021, the Kunafa chocolate trend has gone viral with multiple brands offering its versions, even contributing to a global pistachio shortage. At Dubai Duty Free, Chidami said at least five brands are offering the chocolate bars to meet the 1 million daily sale.
Dubai Eye
01-05-2025
- Business
- Dubai Eye
US tariffs show 'no negative impact' at DXB, says Paul Griffiths
The sweeping new US tariffs has not had a "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment". Emphasising DXB's resilience, he said: "One thing we have always noticed about DXB is that if there is a bit of an interruption in demand in one market, it is compensated by demand increasing in another market." In an interview with Dubai Eye 103.8's Business Breakfast show, Griffiths said that one airline has experienced the opposite of the expected impact. At Emirates Airline, Chief Commercial Officer Adnan Kazim confirmed that while the airline continues to monitor the situation closely, it has yet to see any significant impact from tariff-related tensions. Still, both leaders acknowledge the uncertainty that lies ahead. With the global situation evolving rapidly, it's too early to make firm predictions about the long-term effects on aviation.
