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Airbus shaves 20-year demand forecast, sees quicker substitutions

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Airbus (AIR.PA) shaved its gauge for complete business plane interest by 0.5% contrasted and pre-pandemic projections on Saturday, offset by a more splendid viewpoint for vessels as jetmakers battle for debut deals of new freight planes.

Airbus refreshed the generally watched figure just before the Dubai Airshow, where a battered flying industry is faltering from the deficiency of two years’ development to COVID-19, while laying out its most recent ecological plans in the midst of developing environment pressure.

Airbus said it expected a market all out of 39,020 jetliner conveyances in the following 20 years, partially lower than the 39,213, it anticipated two years prior in its last moving estimate.

The gauge for little planes like the top of the line A320 was basically level at 29,690 units, however, the viewpoint for long stretch planes that customarily rule the district fell 3.1%.

The view repeats that of Boeing which in September cut its 20-year conveyance gauge by 1% contrasted with 2019. That tempered more prominent negativity seen from Boeing as the emergency topped in 2020.

Airbus gave somewhat more fragile figures for medium planes – an important landmark that incorporates its longest-range narrrow-body stream, the A321XLR. Its deals have been causing a migraine for Boeing at the top finish of its as of late pained 737 MAX range.

Following two years of COVID-related travel limitations, Airbus cut its figure for normal yearly development in traveler traffic more than 20 years to 3.9% from 4.3% in pre-pandemic 2019.

Traffic and aircraft benefits set the rhythm for plane requests.

“We have lost viably two years of traffic development due to the pandemic,” Airbus Chief Commercial Officer Christian Scherer said.

In any case, Airbus raised its 20-year conveyance conjecture for tankers by 2.9% to 880 units and anticipated a request soon for another A350 vessel. Boeing said it is in cutting edge conversations with likely purchasers for its new 777X tanker. peruse more

Airbus said a rising portion of complete plane conveyances is supplant flies currently in the market instead of to working with the as of late checked development plans of numerous carriers.

That accentuation reflects assumptions that aircrafts will resign less effective planes prior after COVID-19, yet additionally addresses a delicate point for the business as some natural gatherings target what they consider to be over-extension.

Airbus said 39% of conveyances would supplant more seasoned planes with higher discharges, contrasted and 36% in a prior figure.

Quicker retirements stress a few providers and lessors who dread the financially valuable existence of planes will fall, constraining them to pass up help incomes or push up deterioration costs.

Scherer excused providers’ analysis of Airbus’ arrangements to bring yield up in coming years, saying this would not flood the market yet would rather modernize armadas and check emanations.

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Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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Elon Musk Becomes world’s First Trillionaire Following SpaceX’s historic Listing

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Shares in Elon Musk’s aerospace and technology company SpaceX have surged on their trading debut in New York, in what is being described as the largest initial public offering in history.

The stock climbed as much as 30% in early trading on the Nasdaq, pushing the company’s valuation above $2 trillion and briefly placing it among the most valuable firms in the United States.

The listing, which raised more than $75bn, marks a dramatic milestone for the firm founded in 2002 by Elon Musk, who has become one of the most influential—and divisive—figures in global technology.

Speaking at a launch event in Texas, Mr Musk said the company’s ambitions extended far beyond Earth. “SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond,” he said, adding that its teams would “make that happen” for customers.

The billionaire entrepreneur—Elon Musk—has reportedly become the world’s first trillionaire following the surge, according to market estimates cited in the offering’s early trading performance.

The IPO priced more than 555 million shares at $135 each, valuing the company at just under $1.8 trillion ahead of its market debut. Within hours of trading, prices peaked at around $175 per share.

The listing also allows for the potential sale of an additional 83 million shares, which could lift total proceeds beyond $86bn.

Investor demand was reported to be heavily oversubscribed, reflecting strong interest in both space exploration and the company’s expanding role in satellite communications and artificial intelligence.

SpaceX has increasingly evolved from a rocket launch provider into a broader technology conglomerate, incorporating satellite operations and artificial intelligence assets linked to Mr Musk’s wider business portfolio.

Market analysts say the listing is being closely watched as a potential benchmark for other high-profile technology firms, including artificial intelligence companies expected to pursue public offerings in the coming months.

The debut also comes against the backdrop of Mr Musk’s increasingly polarising public profile, shaped by his political commentary, business decisions, and ownership of social media platform X.

Despite the controversy, investor appetite for the company appears undiminished, with strong early demand signalling continued enthusiasm for Musk-led ventures.

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Flying to Abu Dhabi? Etihad Now Covers Your Medical Insurance

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International visitors flying to Abu Dhabi with Etihad Airways will automatically receive complimentary medical travel insurance for up to 15 days, under a new initiative launching in July 2026.

The cover will be provided at no additional cost on eligible Etihad-operated flights from July to December 2026, with no application required. It will apply only to passengers whose point of origin and point of sale are outside the UAE.

Travellers using Etihad’s stopover programme in Abu Dhabi will also be covered during their stay, subject to terms and conditions.

The initiative has been launched in partnership with Department of Culture and Tourism Abu Dhabi and will be underwritten and administered by Daman National Health Insurance Company.

Officials say the scheme is designed to simplify travel planning and enhance the visitor experience, particularly during peak tourism periods when the emirate is targeting higher stopover and leisure traffic.

“This initiative ensures we meet that demand with an exceptional, end-to-end visitor experience,” said Saleh Mohamed Al Geziry, Director General for Tourism at DCT Abu Dhabi.

Etihad’s chief executive Antonoaldo Neves said the offer would allow passengers to focus on their visit rather than pre-travel formalities, calling it an example of closer cooperation between an airline and a destination.

Abu Dhabi has been expanding its tourism offerings in recent years, with major attractions including Saadiyat Island, Yas Island and the Sheikh Zayed Grand Mosque, as it seeks to strengthen its position as a global stopover hub.

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