Daily brief: Dubai airport world’s busiest, Saudi warns about cyber-defence
Annual traffic at Dubai International Airport rose 7.2 per cent in 2016, as it remains the world’s busiest for international passengers. Here are the top seven business stories you need to know today.
Emirates’ Dubai-Athens-New York flight violates U.S. aviation agreement, say U.S. airlines
Emirates’ announcement on Monday that it would start flying to the United States with a stop for passengers in Greece sparked a strong reaction from a lobby group representing U.S. competitors who accused it of competing unfairly through state subsidies.
Yahoo beats Wall Street view, sees Verizon deal closing in second quarter
Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse.
Dubai still holds world’s busiest international airport record
Dubai International Airport remained the world’s busiest for international passengers in 2016, as existing markets grew and new routes were launched, the airport’s operator said. Annual traffic rose 7.2 per cent to 83.6 million passengers in 2016 from a year ago, the operator said in a statement on Tuesday.
Saudi Arabia warns on cyber defence as Shamoon resurfaces
Saudi Arabia on Monday warned organisations in the kingdom to be on the alert for the Shamoon virus, which cripples computers by wiping their disks, as the labour ministry said it had been attacked and a chemicals firm reported a network disruption.
Emirates airline embarks on ‘modest restructuring’ as growth slows
Emirates, the world’s biggest long-haul airline, said on Monday it was in the process of only a “modest restructuring,” two months after it reported a 75 per cent decline in half-year profits due to slower growth and increased competition. Gulf carriers who spent years rapidly expanding into markets from South America to Africa are under pressure to adapt to weaker markets, overcapacity and a stronger dollar.
Abu Dhabi signs agreement to host 2019 Special Olympics
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed on Monday the signing of an agreement to host the Special Olympics 2019 in Abu Dhabi. This agreement makes Abu Dhabi the first MENA city in to host the mega event.
Dubai gears up for the future through Climate Change Adaptation Plan
The Government of Dubai has announced Monday its intention to develop the Dubai Climate Change Adaptation Plan. The announcement was declared at day one of the C40 Dubai Adaptation Conference, organised by the General Secretariat of the Executive Council of Dubai, in partnership with the C40 Cities Climate Leadership Group from 23rd to 25th January 2017 and in the presence of representatives of several world cities.