Gavin Gibbon

1 week ago | agbi.com | Gavin Gibbon

Aviation Emirates Group/Media Gallery Surge in international travelEmirates cargo volume up 7%Lower fuel costsEmirates Group, Dubai’s flagship aviation conglomerate, has posted record annual earnings on the back of a surge in international travel, rising cargo volumes, and declining fuel costs.

1 week ago | agbi.com | Gavin Gibbon

Economy Bahrain’s current account fell 16%IMF urges spending cutsDebt-to-GDP at 130%Bahrain’s current account surplus narrowed last year on the back of lower oil revenue and higher external debt servicing, a ministry of finance report shows. The update may add to concerns around Bahrain’s fiscal challenges.

1 week ago | agbi.com | Gavin Gibbon

Analysis Aviation Matyas Rehak/Alamy via Reuters Connect British Airways stops daily servicePassenger traffic down 1% at KWIGulf rivals report healthy growthKuwait’s ambitions for its aviation industry are faltering as a growing number of international carriers quit the market and airport upgrades are delayed.

1 week ago | agbi.com | Gavin Gibbon

Business of Sport Matthew Hinton/Imagn Images via Reuters Connect Two strategic deals this monthLunate invests in TPG SportsMubadala Capital anchors TWGManchester City may have lost its grip on the English Premier League title this season, but Abu Dhabi has no intention of relinquishing its power in the sporting sphere.

1 week ago | agbi.com | Gavin Gibbon

Real Estate First DFM IPO of 202512.5% of structure for saleEnthusiasm for REITs coolsDubai Holding is to list its residential real estate investment trust (REIT), shrugging off local investor scepticism towards the structures and becoming the first initial public offering (IPO) on the Dubai stock exchange this year.