Latest news with #NationalTalent
Emirates 24/7
4 days ago
- Business
- Emirates 24/7
RTA Rolls Out Academic Scholarship Programme for the academic year 25–26
Dubai's Roads and Transport Authority (RTA) has rolls out the Academic Scholarship Programme for the academic year 2025–2026. The Programme aims at investing in national talent and preparing qualified cadres to meet RTA's future needs. This year, 20 candidates have been selected to study within the United Arab Emirates as part of RTA's commitment to nurturing young talent and equipping them with knowledge and skills on a par with the highest international standards. The programme forms part of RTA's strategy to support national talent and achieve Emiratisation objectives by meeting its future needs across majors and strategic projects. The programme includes familiarising students with career pathways after graduation and enabling them to explore the various fields of work available at RTA and how they can contribute to them. Scholarship recipients will study at a select group of leading universities in the UAE, including the American University of Sharjah, University of Sharjah, University of Dubai, Zayed University, and the Higher Colleges of Technology. Study fields include Electrical and Electronic Engineering, Intelligent Systems Engineering, Computer Science and Engineering, Artificial Intelligence, Civil Engineering, Mechanical Engineering, Information Systems and Business Analytics, Mechatronics, Robotics, and other vital fields that support RTA's operational and service plans. The Academic Scholarship Programme is one of RTA's distinguished annual initiatives, with between 10 and 20 students from targeted categories sponsored each year. The initiative aims to provide RTA with qualified national cadres capable of meeting future requirements and enhancing its ability to deliver innovative solutions that address the needs of Dubai's infrastructure and transport sector. Follow Emirates 24|7 on Google News.
Zawya
01-07-2025
- Business
- Zawya
DLD opens registeration for real estate broker programme
Dubai Land Department (DLD) has announced that it has opened registeration for Emiratis keen to join the 'Dubai Real Estate Broker Programme' via its official website. This comes following the strong interest to the programme since its launch, which has already drawn a significant number of citizens keen to enter the real estate brokerage sector. The total value of real estate deals completed through qualified brokers since the programme's launch has reached AED500 million ($136 million), said DLD in a statement. This programme serves as a comprehensive platform for developing national talent and preparing a new generation of qualified Emirati brokers in line with the highest professional standards. It contributes to reinforcing Dubai's position as a leading global destination for real estate investment and supports the sector's sustainability and dynamism, it stated. The programme also aims to increase the percentage of Emiratis working in real estate brokerage to 15% over the next three years, reflecting the Dubai Government's commitment to engaging national talent in high-value economic sectors, it added. DLD said the initiative continues reinforcing its role as a strategic platform for increasing national talent participation in this key industry. To date, the programme has surpassed expectations, with the number of qualified Emirati brokers reaching more than 180% of the annual target. It has also delivered numerous specialised training courses in collaboration with accredited academic institutions, it stated. Upon completion of the required training, participants are issued an official real estate broker card valid for three years, allowing them to practice the profession in accordance with Dubai's legal and regulatory framework. DLD pointed out that the Dubai Real Estate Broker Programme was one of the key pillars aligned with the Dubai Social Agenda 2033 objectives. The programme aims to empower Emirati citizens to benefit from the economic opportunities available in the real estate sector by providing specialised professional training, issuing the 'National Broker' licence, allocating a percentage of real estate projects to programme participants, and enhancing their employment opportunities within active brokerage firms across Dubai. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
ARN News Center
21-02-2025
- Business
- ARN News Center
Etihad Airways hits record profit of AED 1.7 billion in 2024
Etihad Airways tripled its net profit to AED 1.7 billion ($476 million) last year, driven by AED 25 billion ($6.8 billion) in combined passenger and cargo revenue, the UAE carrier said on Wednesday. Profit after-tax for 2024 more than tripled year-on-year, driven by strong momentum in the passenger business, a robust recovery in Etihad's cargo operations, and a significant reduction in net finance costs, down by almost AED 1 billion, or 80 per cent year-on-year, reflecting continuous balance sheet deleveraging supported by strong cash generation. The airline carried 18.5 million passengers in 2024, a 32 per cent increase from the previous year and a 28 per cent year-on-year increase in Available Seat Kilometres (ASK), alongside an improved passenger load factor, which reached 87 per cent, compared to 86 per cent in 2023. Passenger revenue increased by AED 4.2 billion ($1.1 billion), or 25 per cent compared to 2023. Cargo revenue rose by 24 per cent compared to last year, fuelled by increased capacity and volume (12 per cent increase in cargo leg tonnes carried), alongside improved yields in the second half of the year. In 2024, the airline expanded its operations to over 1,700 weekly flights and increased frequencies on 25 routes. It also launched more than 20 new destinations, such as Boston, Jaipur, Bali, and Nairobi, alongside summer hotspots like Antalya, Nice, and Santorini, with over 10 of these cities set to begin operations in 2025. The airline's operating fleet continued to expand with the addition of 12 aircraft, including the introduction of a new fleet-type, with six A320 NEOs, and the re-entry into service of its fifth A380. Etihad now operates the youngest and most fuel-efficient fleet in the region, supporting its ESG strategy to minimise carbon emissions while enhancing its service offerings. Etihad's team grew to over 11,000 employees, with more than 2,000 new hires and over 1,500 promotions. UAE National Talent initiatives progressed, with over 70 Emirati cadet pilots graduating and more than 3,000 applications received for the latest cadet programme. UAE Nationals now represent 20 per cent of the workforce, underscoring Etihad's support for the UAE talent strategy and its role in developing future aviation professionals. The Chairman of Etihad Airways, Mohammed Ali Al Shorafa, said, 'We extend our gratitude to our guests and the dedicated Etihad family for allowing us to realise our ambitions and consistently delivering the reliable, best-in-class service that defines our operations. The unwavering commitment of our team has strengthened our airline, boosting efficiency while consistently improving our exceptional customer experience. 'As we expand our network and enhance our offerings, we remain focused on connecting more people with Abu Dhabi and supporting the Emirate's tourism ambitions, fulfilling our vision to be the airline that everyone wants to fly.' Credit rating agency Fitch upgraded Etihad's rating to A+ in July 2024, citing its materially stronger standalone credit profile.
Dubai Eye
20-02-2025
- Business
- Dubai Eye
Etihad Airways hits record profit of AED 1.7 billion in 2024
Etihad Airways tripled its net profit to AED 1.7 billion ($476 million) last year, driven by AED 25 billion ($6.8 billion) in combined passenger and cargo revenue, the UAE carrier said on Wednesday. Profit after-tax for 2024 more than tripled year-on-year, driven by strong momentum in the passenger business, a robust recovery in Etihad's cargo operations, and a significant reduction in net finance costs, down by almost AED 1 billion, or 80 per cent year-on-year, reflecting continuous balance sheet deleveraging supported by strong cash generation. The airline carried 18.5 million passengers in 2024, a 32 per cent increase from the previous year and a 28 per cent year-on-year increase in Available Seat Kilometres (ASK), alongside an improved passenger load factor, which reached 87 per cent, compared to 86 per cent in 2023. Passenger revenue increased by AED 4.2 billion ($1.1 billion), or 25 per cent compared to 2023. Cargo revenue rose by 24 per cent compared to last year, fuelled by increased capacity and volume (12 per cent increase in cargo leg tonnes carried), alongside improved yields in the second half of the year. In 2024, the airline expanded its operations to over 1,700 weekly flights and increased frequencies on 25 routes. It also launched more than 20 new destinations, such as Boston, Jaipur, Bali, and Nairobi, alongside summer hotspots like Antalya, Nice, and Santorini, with over 10 of these cities set to begin operations in 2025. The airline's operating fleet continued to expand with the addition of 12 aircraft, including the introduction of a new fleet-type, with six A320 NEOs, and the re-entry into service of its fifth A380. Etihad now operates the youngest and most fuel-efficient fleet in the region, supporting its ESG strategy to minimise carbon emissions while enhancing its service offerings. Etihad's team grew to over 11,000 employees, with more than 2,000 new hires and over 1,500 promotions. UAE National Talent initiatives progressed, with over 70 Emirati cadet pilots graduating and more than 3,000 applications received for the latest cadet programme. UAE Nationals now represent 20 per cent of the workforce, underscoring Etihad's support for the UAE talent strategy and its role in developing future aviation professionals. The Chairman of Etihad Airways, Mohammed Ali Al Shorafa, said, 'We extend our gratitude to our guests and the dedicated Etihad family for allowing us to realise our ambitions and consistently delivering the reliable, best-in-class service that defines our operations. The unwavering commitment of our team has strengthened our airline, boosting efficiency while consistently improving our exceptional customer experience. 'As we expand our network and enhance our offerings, we remain focused on connecting more people with Abu Dhabi and supporting the Emirate's tourism ambitions, fulfilling our vision to be the airline that everyone wants to fly.' Credit rating agency Fitch upgraded Etihad's rating to A+ in July 2024, citing its materially stronger standalone credit profile.
