"If the 2021 Dubai Airshow demonstrated signs of recovery from the pandemic, which brought the worst crisis in the industry's history, then this year's event highlighted its resilient return to sustainable growth", the news site wrote.
Paul Griffiths, chief executive of Dubai Airports, summed up this sentiment at the Dubai Airshow gala dinner. "We're back!" he proclaimed to a gathering of the aviation industry's elite, attended by Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Airline and Group.
"The emotional heart of this fabulous industry here in the UAE beats more strongly and more optimistically than ever before," said Mr Griffiths.
The Dubai Airshow's host airline Emirates, along with its sister carrier flydubai, led the orders for commercial jets and underlined the recovery in the wide-body aircraft market, as long-haul travel makes a strong comeback.
Emirates ordered 110 aircraft worth $58 billion at list prices, while flydubai ordered 30 Boeing 787 Dreamliner wide-bodies valued at $11 billion. Customers typically get significant discounts, particularly for large orders.
The two UAE carriers dominated the air expo with their order splash.
The UAE’s economic growth is no longer driven by oil. The country is building its trade relations with great skill and strategy: oil has now been replaced by international shipping and trade. The favorable tax environment and free trade zones, which allow businesses to be established quickly and easily, provide an ideal breeding ground for investors.
China’s economy expanded at an annual rate of 5.4 per cent in the January–March period, the government announced on Wednesday, driven by strong export performance ahead of US President Donald Trump’s rapid escalation of tariffs on Chinese goods.
Kazakhstan has unveiled a major rare earth discovery in its Karagandy region, potentially containing up to 20 million tonnes of reserves. Announced ahead of the EU–Central Asia Summit, the find could elevate Kazakhstan’s global standing in critical minerals, though experts urge caution as further studies are needed.