Ethiopian becomes largest African carrier by revenue and profit

Updated 18 June 2014
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Ethiopian becomes largest African carrier by revenue and profit

Ethiopian Airlines, described as the fastest growing and most profitable airline in Africa, wishes to extend its appreciation to its customers for their vote of confidence, which has enabled the airline to become for the first time in its 69-year history the largest African carrier with revenue topping $2.3 billion in 2013 and profit, according to the airlines ranking of the International Air Transport Association (IATA) published in the 58th edition of World Air Transport Statistics.
According to IATA annual airlines ranking, Ethiopian is first in Africa and 37th in the world in revenue as well as first in Africa and 18th in the world in operating profit. The historical ranking achieved by Ethiopian in 2013 is a testimony of the confidence of passengers in the airline; the soundness of its 15-year roadmap of fast, profitable and sustainable growth, Vision 2025; the strategic guidance and support of the airline’s board of directors and the government of Ethiopia; the dedication and competence of its management; and the commitment, skill and hard work of its employees.
“2013 marks a milestone year in the history of the airline. For the first time in our long history, we are number one in Africa in terms of revenue and profit. We owe this success, above all else, to the patronage of our esteemed customers, who are choosing to fly with us in ever increasing record numbers. I thank them on behalf of the entire Ethiopian Airlines family and pledge to them that we will continue to work hard to earn their confidence,” Group CEO of Ethiopian Airlines Tewolde Gebremariam said.


Emaar to build ME’s largest Chinatown in Dubai

Chinese President Xi Jinping (L) and Crown Prince of Abu Dhabi Sheikh Mohamed bin Sayed Al Nahyan(R) arrive at the presidential palace in the UAE capital on July 20, 2018. (AFP)
Updated 22 July 2018
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Emaar to build ME’s largest Chinatown in Dubai

Emaar has announced a landmark development that is expected to further strengthen UAE-China relations, coinciding with the historic visit of President Xi Jinping of China to the UAE.
To honor Chinese expatriates in the UAE and further bolster business ties with China, Emaar will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbor, its six-square-kilometer mega-development, only 10 minutes from the Dubai International Airport and the Burj Khalifa.
“The retail precinct will occupy a central location within Dubai Creek Harbor — a destination which will be home to the world’s new icon, Dubai Creek Tower, and encompass vibrant lifestyle elements. Set by the Dubai Creek waterway, elegantly designed homes in Dubai Creek Harbor will offer spectacular views of the city’s dramatic skyline, the waterfront and the Ras Al-Khor Wildlife Sanctuary — home to over 450 animal species and migratory birds, including pink flamingos,” Emaar said in a press release.