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Emirates Group reports best-ever financial performance with record profit of AED 18.7 billion 

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 The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels.

Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its high-quality products and services.

For the financial year ended 31 March 2024, the Emirates Group posted a record profit of AED 18.7 billion (US$ 5.1 billion), up 71% compared with an AED 10.9 billion (US$ 3.0 billion) profit for last year. The Group’s revenue was AED 137.3 billion (US$ 37.4 billion), an increase of 15% over last year’s results. The Group’s cash balance was AED 47.1 billion (US$ 12.8 billion), the highest ever reported, up 11% from last year.  

Combined Group profits for the last 2 years, at AED 29.6 billion, surpass pandemic losses of AED 25.9 billion during 2020-2022.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said: “The Emirates Group has once again raised the bar to deliver a new record performance. Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results. We are reaping the benefit of years of non-stop investments in our products and services, in building strong partnerships, and in the capabilities of our talented people.

“Huge credit is also due to the UAE’s visionary leaders, especially HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It is thanks to their leadership and the nation’s progressive policies that the Emirates Group is able to flourish. Both Emirates and dnata have forged successful business models leveraging Dubai’s unique advantages, in turn generating enormous value for Dubai and the communities they serve around the world.” 

HH Sheikh Ahmed added: “The Group’s excellent financial standing today places us in a strong position for future growth and success. It enables us to invest to deliver even better products, services, and more value to our customers and stakeholders.” 

Many major projects are already underway, including: a multibillion-dollar aircraft fleet and cabin renewal programme; new catering, cargo, and ground handling capabilities; advanced technologies to support the Group’s operations; expanded training and people development programmes; and initiatives to progress the Group’s sustainability agenda.

In 2023-24, the Group collectively invested AED 8.8 billion (US$ 2.4 billion) in new aircraft, facilities, equipment, companies, and the latest technologies to support its growth plans.

The Group’s total workforce grew by 10% to 112,406 employees, its largest size ever, as Emirates and dnata continued recruitment activity around the world to support its expanding operations and bolster its future capabilities.

The Group took significant strides in its sustainability journey during 2023-24, putting into action numerous initiatives focussed on the environment, its people, customers, and communities.

Environmental topics were high on the agenda during the year, as the UAE hosted the world’s biggest conference for climate action, COP28, in Dubai.

In 2023-24, Emirates signed new supply agreements to uplift sustainable aviation fuel (SAF) at its Dubai hub for the very first time, and also in Amsterdam and Singapore. The airline operated the first A380 demonstration flight using 100% SAF in one engine, collecting data to support industry efforts to enable a future of 100% SAF flying.

Recognising that airlines today have the limited viable solutions to meaningfully reduce carbon emissions, Emirates established a US$ 200 million fund to support R&D projects that focus on reducing the impact of fossil fuels in commercial aviation. It also became a founding entity of Air-CRAFT, a UAE-based research consortium for renewable and advanced aviation fuels; and joined The Solent Cluster, a UK initiative focused on producing low-carbon fuels for a variety of sectors, including aviation.

dnata continued to invest and induct more electric and hybrid vehicles to its global fleet of ground support equipment (GSE), adding new baggage tractors, cargo loaders, and pushback tractors to its USA operations. It also converted and refurbished diesel-powered GSEs in Italy to run on Hydrogenated Vegetable Oil and electric power. dnata’s UAE businesses including dnata logistics, Arabian Adventures, Alpha Flight Services and City Sightseeing Worldwide, transitioned to biofuel for its landside fleet of vehicles.

During the year, dnata became the first combined air services provider to receive the International Air Transport Association’s environmental management (IEnvA) certification for its commitment to sustainability across its UAE businesses; and Emirates achieved IEnvA Stage One and the IEnvA Illegal Wildlife Trade module certifications, for its efforts in environmental stewardship and anti-wildlife trafficking.

The Group ramped up investments in people development, rolling out a comprehensive programme of learning and training options for its workforce in partnership with top universities and key industry partners. A Gender Balance Council was established to champion and promote gender equality within the Group.

The Emirates Group has expanded its ESG reporting in its latest 2023-24 report and are adopting aspects of the GRI standards. It plans to evolve its reporting to meet ISSB and CSRD requirements in the coming years[1].

Sheikh Ahmed said: “We enter our 2024-25 financial year on strong foundations for continued growth. Emirates will receive delivery of 10 new A350 aircraft in 2024-25, adding to our fleet mix and supporting the next phase of its network growth. dnata will continue to leverage synergies and scale across its business divisions to grow its footprint and capabilities. In tandem, we are investing resources to minimise our environmental impact, develop our people, look after our customers and the communities we serve.”

“The business outlook is positive, and we expect customer demand for air transport and travel to remain strong in the coming months. As always, we will keep a close watch on costs and external factors such as oil prices, currency fluctuations, and volatile environments caused by socio-political changes. Our business model has been tested before, and I am confident in our resilience and ability to respond quickly to opportunities and challenges.”

He added: “Looking further ahead, the Dubai government has announced plans to start the next phase of expansion at Al Maktoum International Airport, which will eventually be the new hub for Emirates and dnata’s operations. This AED 128 billion (US$ 35 billion) investment will significantly expand and enhance Dubai’s aviation and logistics infrastructure, supporting the city’s growth, and Emirates’ and dnata’s growth.

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UAE to see three days of rain, fog and cooler weather this week

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The United Arab Emirates is expected to experience rainfall, fog and a drop in temperatures over the coming days, according to the National Centre of Meteorology (NCM).

The weather authority said convective clouds are likely to develop from Tuesday afternoon, bringing showers to parts of the country, particularly eastern regions. Humid conditions are also expected to increase the likelihood of fog and mist in some coastal and inland areas.

Monday’s weather is forecast to remain largely fair, although clouds may form over eastern areas. Humidity levels are expected to rise overnight and into Tuesday morning, especially across western coastal and inland regions, creating favourable conditions for fog and mist.

On Tuesday, skies are expected to be fair to partly cloudy, with cloud build-up during the afternoon leading to scattered rainfall in some areas. Similar conditions are forecast for Wednesday, with rain-bearing clouds likely to develop once again over eastern parts of the country.

The NCM said temperatures are expected to fall on Thursday, particularly across western areas of the UAE. Fresh north-westerly winds may also lead to blowing dust in exposed locations.

Sea conditions in the Arabian Gulf are forecast to become moderate to rough at times, especially in western waters. Winds are expected to range between 10kph and 25kph, with gusts reaching up to 40kph in some areas.

Residents are advised to monitor official weather updates as conditions develop throughout the week.

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UAE bans under-15s from social media: Everything parents need to know

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The UAE has introduced one of its strongest measures yet to protect children online, setting a minimum age of 15 for social media use.The new rules mean that children under 15 will no longer be allowed to create or use personal social media accounts, even if they have their parents’ permission.

For many families, the announcement raises practical questions. Which apps are affected? Can parents make exceptions? How will age checks work? And what changes for teenagers aged 15 and 16?

Here’s a breakdown of what the new regulations mean for parents.

Which platforms are affected?

The rules apply broadly to almost any platform that functions as a social media service. This includes platforms that allow users to create profiles, share content, interact with others, join communities, or receive content recommendations through algorithms. Whether a service is free or paid does not matter. If it is available in the UAE or targets users in the country, it falls within the scope of the new regulations.

What is banned for children under 15?

The most significant change is the introduction of a minimum age of 15 for social media use. Children below this age will no longer be allowed to create, use or operate personal social media accounts.

The restriction goes beyond simply opening an account. Children under 15 will also be prohibited from accessing the full range of social media features, including posting content, commenting on posts, sharing material, participating in public groups or channels and engaging in wider social interactions through personal profiles.

In effect, the UAE has drawn a clear line by establishing 15 as the age at which children can begin accessing social media platforms.

Can parents give permission?

No. One of the most notable aspects of the new regulations is that parental consent cannot be used to bypass the age restriction.

The resolution explicitly states that permission from a parent or caregiver does not constitute a valid exemption from the rules. This means that even if a parent is comfortable with their child using social media before the age of 15, the platform is still required to prevent access.

The measure is designed to create a uniform national standard rather than leaving the decision entirely to individual families.

What happens when a child turns 15?

Turning 15 does not mean teenagers gain unrestricted access to social media. Instead, the regulations introduce a more controlled environment for young users aged between 15 and 16.

Teenagers in this age group will be allowed to have accounts, but platforms will be required to apply enhanced safety measures. These protections are expected to include stronger privacy settings, age-appropriate content filtering, restrictions on interactions with unknown users and tools that help manage the amount of time spent online.

The aim is to recognise that older teenagers are increasingly participating in the digital world while ensuring that they remain protected from some of the risks associated with social media use. The regulations describe this as part of a gradual transition towards healthier and more balanced digital habits.

What role will parents play?

While parents cannot override the age limit, they will still play a central role in supervising their children’s online activity.

For teenagers aged 15 and 16, caregivers will be able to use parental control tools provided by social media platforms to manage account settings and monitor usage. However, any changes made through these tools must remain within the limits established by the regulations.

The rules also place specific responsibilities on parents and caregivers. They are expected not to assist children in circumventing age-verification systems or accessing platforms in violation of the regulations. At the same time, they are encouraged to actively supervise their children’s digital activities, discuss online risks and promote safe and responsible internet use.

The message from regulators is clear: protecting children online is not solely the responsibility of technology companies but a shared responsibility involving families as well.

How will age verification work?

A key challenge for governments around the world has been ensuring that children cannot simply enter a false date of birth when signing up for social media accounts. The UAE’s new framework seeks to address that issue directly.

Under the regulations, platforms must implement effective and reliable age-verification systems. These may include digital identity checks, artificial intelligence-powered verification tools, biometric technologies or other mechanisms approved by the Child Digital Safety Council.

Importantly, self-declared ages will no longer be accepted as sufficient proof. Platforms will be expected to demonstrate that their systems can accurately determine whether a user meets the required age threshold.

At the same time, the regulations require companies to handle personal information responsibly. Data collected for verification purposes must be limited to what is necessary, stored securely and retained only for as long as required. Users must also be informed about how verification systems operate.

What new responsibilities will social media companies face?

The regulations place significant obligations on social media platforms, reflecting the UAE’s view that technology companies should play a more active role in protecting children online.

Platforms will be required to identify and remove accounts operated by children under 15, introduce measures to prevent users from bypassing safety systems and regularly assess risks to children’s digital wellbeing. They must also provide parental control tools and educational resources that help families navigate the online environment safely.

The rules further restrict how children’s data can be used. Platforms will not be permitted to target children with personalised advertising based on behavioural tracking, nor can they use information gathered from children’s online activities for commercial purposes.

The overall approach positions social media companies as active partners in child protection rather than simply providers of digital services.

When will the changes take effect?

The regulations will not be implemented overnight. Social media companies have been given a transition period of up to 12 months to introduce the necessary technical systems and compliance measures.

This period is intended to ensure that platforms have enough time to build age-verification mechanisms, introduce enhanced protections for teenagers and align their services with the new requirements.

Who will enforce the rules?

Responsibility for oversight will be shared between the National Media Authority and the Telecommunications and Digital Government Regulatory Authority. Both organisations have been granted powers to monitor compliance and take action where necessary.

Platforms that fail to comply could face a range of measures, including warnings, administrative penalties and, in serious cases, partial or full blocking of their services within the UAE.

Alongside these regulators, the Child Digital Safety Council will play an important role in assessing emerging risks, developing safety policies and ensuring that the framework continues to evolve as technology changes.

Why is the UAE introducing these measures?

The new social media rules form part of a broader effort to strengthen child protection in the digital age.They build on existing legislation, including Wadeema’s Law, which protects children from neglect, abuse and exploitation, and follow the establishment of the Child Digital Safety Council as part of the UAE’s wider family-focused initiatives.

Officials say the objective is not simply to restrict children’s access to technology but to ensure that young people can engage with the digital world in a safer, healthier and more age-appropriate way.

What does this mean for families?

For many parents, the new rules may provide welcome clarity. Families have long faced pressure from children who want to join social media because friends and classmates are already online. A nationally enforced minimum age may make those conversations easier by creating a clear and consistent standard.

At the same time, questions remain about how effectively the rules can be enforced in practice. Children around the world have historically found ways to bypass age restrictions by providing inaccurate information when signing up for accounts. Whether the new verification systems can close those loopholes will be closely watched.

What is clear, however, is that the UAE is signalling a major shift in its approach to children’s online safety. By placing greater responsibility on technology companies while giving parents clearer guidance and stronger tools, the country is seeking to reshape how young people engage with social media in the years ahead.

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DWC expansion remains on track; first phase set to complete in 2032

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Work on the expansion of Al Maktoum International Airport is progressing on schedule, with Phase 1 expected to commence operations in 2032, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, , has announced.

In a post on social media platform X, Sheikh Hamdan said the project has recorded more than 10 million work hours over the past 15 months, reflecting steady progress across key construction phases.

He noted that contracts worth AED 13 billion are currently under execution, while additional contracts valued at AED 55 billion are expected to be awarded in the coming months as part of the expansion programme.

Once completed, the airport is designed to handle more than 250 million passengers annually, reinforcing Dubai’s long-term strategy to strengthen aviation capacity and support economic growth.

“Under the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s major projects continue to advance with steady progress and confidence,” Sheikh Hamdan added.

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