Low-cost carrier Wizz Air said on Monday it was quitting its Abu Dhabi operation after six years to focus on its main European market, citing geopolitical instability and limited market access.

Wizz, which originally focused on central and eastern Europe but expanded into Britain, Italy and Austria, said in future it would concentrate on its much more profitable European business.

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Shares in the London-listed airline rose 1.5% in early trading. The stock is down about 62% over the last two years, hit by issues with Pratt & Whitney GTF engines, which led to the grounding of some of its aircraft.

Wizz said the geopolitical instability had led to repeated airspace closures around Abu Dhabi, hitting demand, while the impact of the hot environment in the Middle East had hurt engine efficiency, making it hard to operate its low-cost model.

Failure to secure the flying rights for certain routes had also meant it was unable to grow in the region as it had hoped, the airline said.

“They just couldn’t make money out of the Middle East,” Davy analyst Stephen Furlong said.

Wizz said it will stop local flights from September 1, 2025 and would be contacting customers regarding refunds.

“Supply chain constraints, geopolitical instability, and limited market access have made it increasingly difficult to sustain our original ambitions,” Wizz Air CEO Jozsef Varadi said in a statement.

“While this was a difficult decision, it is the right one given the circumstances,” he added.

The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dh3 million on a local bank for failing to comply with anti-money laundering (AML) regulations.

The fine was issued under Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations, as well as Article 137 of the Decretal Federal Law No. (14) of 2018 concerning the Central Bank and regulation of financial institutions.

The CBUAE said the penalty followed an investigation which found that the bank had not met regulatory requirements outlined in UAE legislation to combat financial crime.

In a statement, the Central Bank reaffirmed its commitment to maintaining the transparency and integrity of the country’s financial system. “We continue to supervise and regulate all licensed financial institutions to ensure full compliance with UAE laws, regulations, and standards,” the authority said.

The name of the bank was not disclosed.

Dubai’s Roads and Transport Authority (RTA) has urged transport operators to strictly follow regulations covering all modes of passenger transport, including chartered buses, tourist services, and international bus trips.

This comes after RTA completed over 15,500 inspections targeting operators in these sectors, as part of ongoing efforts to raise service standards and ensure safety.

“The inspections weren’t just about issuing violations,” said Saeed Al Balooshi, Director of Passenger Transport Activities Monitoring at RTA. “They’re designed to improve service quality and ensure operators meet the rules that keep Dubai’s transport sector running smoothly.”

Checks included verifying safety measures onboard and ensuring all required licences were in place. The RTA also teamed up with other authorities, including Dubai Police and the General Directorate of Residency and Foreigners Affairs at Hatta Border Post, to tackle misuse and irregularities in cross-border transport services.

Al Balooshi added that the authority is using new technologies to make inspections more effective by analysing violations and measuring the impact of enforcement campaigns. “Our goal is to ensure a reliable and high-quality experience for residents, visitors, and tourists, and to protect the reputation of Dubai’s public transport sector,” he said.