The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
Speaking on the sidelines of the “ICAO Global Implementation Support Symposium 2025” and the “Global Sustainable Aviation Marketplace” in Abu Dhabi, Abdulla bin Touq Al Marri stated the aviation sector contributes approximately $4.1 trillion to the global economy, directly benefiting individuals, families, and communities by providing job opportunities and promoting economic development.
He also pointed out aviation's essential role in boosting the tourism sector, with 58 per cent of international tourists relying on air travel. The sector’s efficiency also enables businesses to connect with global markets, facilitates tourists' access to destinations, and strengthens companies' ability to reach clients and suppliers worldwide.
Al Marri pointed out that aviation helps bridge the gap between remote and underserved areas and urban centres, improving access to essential services like healthcare and education. It plays a vital role in humanitarian efforts, such as disaster response and medical evacuations, helping overcome geographical challenges.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.
DP World has announced revenue grew by 9.7 per cent to $20 billion (AED 73.5 billion), and adjusted EBITDA rose by 6.7 per cent to $5.5 billion (AED 20.2 billion), with an adjusted EBITDA margin of 27.2 per cent for the year ending December 31, 2024.
Abu Dhabi saw a significant rise in the resolution of consumer complaints against commercial establishments last year, with 90 per cent of cases being settled amicably, compared to 83.4 per cent in 2023.