AB Espresso: Dubai aviation to contribute $53.4bn to GDP

Hello reader,

In today’s newsletter:

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Thursday:

Dubai’s aviation sector contributed AED137bn ($37.3bn) to the economy in 2023, according to an economic impact study from Emirates Group and Dubai Airports. The report highlights the importance of aviation to Dubai's economy and forecasts the sector’s continued growth. By 2030, the sector is expected to contribute $53.4bn to GDP and create 816,000 jobs.

Meanwhile, Boeing CEO Kelly Ortberg has called for changes at the company after it reported a $6.17bn loss during a workers strike. Boeing’s union rejected a new contract offer, extending the strike into a sixth week and further disrupting production.

On the real estate front, H&H Development announced the expansion of its Eden House brand with a new waterfront community on Dubai Water Canal. ‘Eden House The Park’ will feature low-rise buildings and lifestyle services, offering connectivity to business hubs like Downtown Dubai.

Dubai-based ONE Development launched its AED2bn ($545m) Laguna Residence project in City of Arabia. The project, unveiled at Dubai’s Coca Cola Arena, is the first fully AI-integrated residential development in the region, featuring a lagoon on a podium between two high-rise towers.

In Saudi Arabia, the Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organisation (SASO) announced that USB-C charging will become mandatory for mobile devices from January 2025. This move aims to improve user experience, cut costs for consumers, and enhance product quality in the Kingdom.

Until next time, Sharon Benjamin for Arabian Business

THE LONGER READ:

Rising inequality, monopolies and questioning over self-regulation raise doubts among experts

Was this newsletter forwarded to you? Subscribe now.

For editorial queries, please contact:

abnews@itp.com

For advertising enquiries, please contact:
absales@itp.com

© 2024 ITP Digital Media Inc. All rights reserved.

Terms Policy

Email Information

You have received this email message from ITP Media Group, the leading media company in the Middle East. Your email address - newsletter@newslettercollector.com - has been recorded because you have subscribed to our newsletter through one of our market-leading websites, to one of our market leading print publications and newsletters or are registered with one of our websites. For more information, visit www.itp.com.

Remove your email address from this mailing list ONLY(Please note, this will not affect any other newsletter subscriptions)

Removal requests may take up to 48 hours to process; you may receive additional mailings during that time. A confirmation email will be sent when your request has been successfully processed.

Is this email in your junk/bulk folder?
To ensure that you receive all future newsletters and emails from us, add newsletters@arabianbusiness.com to your address book.

ITP Media Group, PO Box 500024, UAE