jazeera airways, one of the most popular airlines in the Middle East, reported a net profit of $20.3 million in 2023. Moreover, in 2023, jazeera witnessed a 30.6% increase in its passenger numbers, compared to 3.6 million passengers in 2022. jazeera airways will continue expanding its fleet and flight routes in 2024 to sustain its growth and advancement. Currently, jazeera airways operates flights to 34 destinations in the Middle East, Europe, and Asia. The airline's fleet includes 34 modern aircraft, including 17 Airbus A320neo, 10 Airbus A321neo, and 7 Airbus A330neo aircraft.
Create: Apr 7, 2024 Edit: Apr 7, 2024 International NewsAfter 13 years, Malaysia Airlines (MAS) finally returned to profitability in 2024, driven by high demand for travel and increased airfare prices among other factors. The CEO of Malaysia Aviation Group attributes the airline's profitability to increased passenger traffic in high-yield segments and more international flights. In 2023, the airline transported approximately 14.5 million passengers, marking a 46% increase from the previous year. Additionally, by December, passenger numbers had reached 86% of pre-pandemic levels, with expectations to fully recover to pre-pandemic levels by the second quarter of 2024.
Create: Apr 3, 2024 Edit: Apr 3, 2024 International NewsAccording to published data, Dubai secured the second position globally in hotel room reservations last year, surpassing New York, Paris, and Singapore by a significant margin. London claimed the top spot in terms of reserved hotel rooms with approximately 43 million room nights, followed by Dubai with 41.8 million room nights, placing it second. In the midst of this, New York ranked third with 36 million room nights, while Paris secured the fourth position with approximately 24.7 million room nights, and Singapore stood fifth with 20.4 million room nights.
Create: Apr 3, 2024 Edit: Apr 3, 2024 International NewsThe food and beverage sector of the United Arab Emirates generated a net income of $16.4 billion from retail sales in 2023. Out of this figure, $9.8 billion stemmed from the sales of fresh food items, while $6.6 billion was attributed to packaged food sales. Moreover, it is projected that beverage sales in the country will increase from $1.6 billion in 2023 to $2 billion by 2028. Additionally, there is a notable upward trend in online grocery shopping in the UAE. This figure reached $1.1 billion in 2023 and is expected to continue growing at a rate of 9.5 percent annually until 2027.
Create: Apr 3, 2024 Edit: Apr 3, 2024 International NewsIn a £275 million deal, the BT Telecommunications Tower, once the tallest building in the UK capital, is set to transform into a luxury hotel.Constructed in 1964, this 189-meter tower, known for its unique and iconic design, has become one of London's tourist attractions. MCR Hotels, known for The High Line hotel in New York City, aims to fully renovate the tower into a luxury hotel featuring 200 rooms. Named "The Landmark London," the hotel will include restaurants, various bars, a fitness center, and a rooftop pool with panoramic views of the city skyline.The tower's reconstruction is expected to be completed by 2027, with the hotel opening its doors in 2028.
Create: Apr 2, 2024 Edit: Apr 2, 2024 International NewsAir Arabia Airlines, recognized as the leading budget airline in the Middle East and North Africa, achieved a new record in passenger numbers and profitability in 2023, transporting 58.4 million passengers. The company experienced a 12.7% increase in passenger traffic and approximately a 14.5% rise in operational revenue last year. The CEO of the company stated: "We are thrilled with this outstanding achievement, which demonstrates Air Arabia' commitment to providing quality and cost-effective services to passengers.""We are committed to further growth in the coming years through investment in our fleet and expanding our flight network," he added. Currently, Air Arabia Airlines operates flights to 170 destinations across the Middle East, North Africa, Europe, and Asia.
Create: Mar 8, 2024 Edit: Mar 8, 2024 International NewsIstanbul International Airport, one of the busiest airports in the world, has named 2024 as the "Investment Year."The airport's management has announced a €160 million investment in 2023 and has set a target of €656 million for 2024. With an increase in the number of passengers and flights in 2024, Istanbul Airport aims to continue its growth trajectory. The airport's goal is to attract 85 million passengers in 2024.
Create: Mar 8, 2024 Edit: Mar 8, 2024 International NewsSwiss Airline is currently taking steps to address the evolving needs of the market. The airline industry is on the verge of transformation. With the emergence of new technologies such as artificial intelligence, demographic shifts, and increasing demand for new flight experiences, the industry requires a rethink and reassessment of its business practices. As part of the Lufthansa Group, Swiss Airline is planning a fundamental overhaul of its fleet, both by adding new aircraft and by offering new experiences to its existing services. The main focus of Swiss Airline's new product offering is a completely redesigned cabin for its long-haul aircraft fleet. Currently, Swiss Airline operates flights to over 100 destinations worldwide. The airline transported over 19 million passengers in 2019.
Create: Feb 28, 2024 Edit: Feb 28, 2024 International NewsIn 2024, the Etihad Airways group aims for sustainable and long-term growth, seeking to expand its operations.The company plans to achieve a shift of 30 million passengers per year by increasing the number of destinations served and flights to key international markets.Development plans include expanding the fleet size, investing in new technologies, and enhancing customer services.Additionally, Etihad aims to utilize fuel-efficient aircraft, invest in sustainable fuels, and reduce greenhouse gas emissions.
Create: Feb 28, 2024 Edit: Feb 28, 2024 International NewsEnto Capital, an investment firm managed by the Dubai Financial Services Authority and with a track record of managing $4.6 billion in assets, has reached an agreement with Al Amal Investment Company to lead the development and management of Ritz-Carlton hotels and resorts in Morocco. The total value of the project is estimated to be over $220 million and includes the construction of a Ritz-Carlton hotel with 200 rooms and 100 luxury residences in Morocco.This project will contribute to the growth of Morocco's tourism industry and is expected to attract annually 100,000 tourists.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International NewsEgypt's Minister of Tourism and Antiquities announced a record-breaking influx of 14.9 million tourists to the country in 2023, marking a new milestone in Egypt's tourism history.In the final quarter of 2023 alone, 3.6 million tourists visited Egypt, surpassing the previous record set in 2010. The Minister of Tourism also highlighted a 9% increase in tourist arrivals during the first 19 days of 2024 compared to the same period last year.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International NewsThe Most Luxurious Hotel in Zurich Opens: Mandarin Oriental, ZurichThe Mandarin Oriental, Zurich, heralded as the city's most luxurious hotel, has officially opened its doors. This hotel is a remarkable transformation of the 185-year-old Baur au Ville, the city's inaugural luxury hotel, with a meticulous $93 million renovation. With 80 opulent guest rooms starting at 800 Swiss francs per night, the Mandarin Oriental, Zurich stands as both the oldest and newest five-star haven in the city.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International News