Kingdee expands its footprint into the Middle East, opening Qatar office
25 February 2025, Doha – Qatar: Kingdee International Software Group Company Limited（0268 .HK）announced today the opening of its regional headquarters in Qatar’s Free Zones, marking its official entry into the Middle East market. The establishment of this regional headquarters has been facilitated through the support of the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, Invest Qatar, the investment promotion agency of Qatar and Qatar Free Zones Authority (QFZ). Founded in 1993, Kingdee is a globally renowned enterprise management cloud SaaS company listed on the Main Board of the Hong Kong Stock Exchange. Expanding its global presence has been one of Kingdee’s key strategic objectives. In December 2023, Kingdee and QIA announced an agreement in which QIA would invest around $200 million in the company. This investment recognised Kingdee as a category leader and key enabler of enterprise cloud transformation in China. The investment in Kingdee aligns with QIA’s strategic objective to invest in leading companies and technologies in global digitalisation trends. Robert Xu, Chairman and CEO of Kingdee Group stated: “Today marks a pivotal moment in the global expansion plans of Kingdee. Following the investment by QIA in December 2023, we are excited to further strengthen our collaboration with Qatar by opening our first office in the Middle East, in Qatar’s Free Zones. Kingdee plans to leverage Qatar as a bridgehead for expanding our footprint into the Middle East and North Africa markets, drive the digital transformation of local enterprises and supporting Qatar to achieve its “Qatar National Vision 2030. We are excited to collaborate with QIA, Invest Qatar and QFZ to bridge the gap between Kingdee and the Middle Eastern market, supporting Kingdee’s international growth strategy.” Mohammed Saif Al-Sowaidi, CEO of QIA stated: “QIA has been an investor in Kingdee since 2023 and recognises the company’s expertise in enterprise digitalization and cloud services in China. We are confident that Kingdee will succeed in their expansion and will bring a valuable offering to the Middle East market.” Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, commented: “We are delighted to welcome Kingdee to Qatar. The establishment of their regional headquarters in Qatar marks a significant milestone in our ongoing efforts to attract leading global technology companies to our region. This collaboration underscores Qatar’s commitment to fostering a business-friendly environment that supports innovation and digital transformation. We look forward to working closely with Kingdee, the Qatar Investment Authority, and the Qatar Free Zones Authority to drive forward our shared vision of economic growth and technological advancement, in line with Qatar National Vision 2030 and the Third National Development Strategy.” On this strategic move, H.E. Sheikh Mohammed bin Hamad bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ), said: “Kingdee’s decision to establish its regional headquarters in our free zones reaffirms Qatar’s position as a leading hub for digital innovation. This partnership, developed through the joint efforts of Qatar Investment Authority, Invest Qatar, and Qatar Free Zones Authority, reflects our collective drive to achieve Qatar’s Third National Development Strategy — the final wave of the Qatar National Vision 2030. By integrating Kingdee’s expertise into our technology ecosystem, we accelerate digital transformation and strengthen Qatar’s role as a gateway for next-generation solutions to drive economic diversification and sustainable growth.” QFZ will provide Kingdee with a strategically positioned platform to strengthen its regional presence, cultivate high-impact collaborations, and contribute to the evolution of enterprise digitalisation. As a publicly listed company with over 31 years of history, Kingdee has reinforced its product R&D and implementation capabilities through serving more than 7.4 million customers worldwide. Kingdee SaaS solutions are used in 172 countries and regions worldwide, supporting 42 languages and serving over 1000 customers to achieve overseas digital operations. “We are confident in our ability to deliver professional enterprise digital solutions to Qatar and the regional market.” Kingdee, leveraging its industry expertise and the management models of China’s leading enterprises, can provide end-to-end digital solutions encompassing financial management, supply chain optimisation, and production operations to local businesses. This empowers regional enterprises to enhance management efficiency and strengthen competitive capabilities. The establishment of Kingdee Qatar represents a strategic milestone in Kingdee’s commitment to delivering localised services from Qatar’s Free Zones to global clients. Guided by the principle of “think globally, operate locally,” the company will synergize regional business acumen with technological strengths, integrating AI-driven digital technologies and management expertise to provide comprehensive one-stop solutions. This initiative will accelerate the development of the Middle East’s software and internet industries through technological empowerment.
Paris Saint-Germain Launches PSG Labs: A Global Innovation Hub with First International Expansion in Doha, QATAR
Paris Saint-Germain (PSG) announced today at Web Summit Qatar that the club is taking a bold step into the future of sports innovation with the launch of PSG Labs, a pioneering global initiative designed to accelerate cutting-edge technology in sports, fan experience, and performance. PSG Labs will serve as the Club’s dedicated innovation engine, identifying and supporting high-potential startups, entrepreneurs, and tech partners to create transformative solutions that will redefine the industry. As part of its commitment to driving innovation, Paris Saint-Germain also announced the club is expanding its global footprint with the launch of its first international PSG Lab in Doha, reinforcing its role as a leader in sports technology and fostering new collaborations in one of the world’s fastest-growing tech ecosystems and a strategic gateway to cutting-edge research and technology in the Middle East. “Paris Saint-Germain has always been at the forefront of innovation—both on and off the pitch,” said Nasser Al-Khelaïfi, President of Paris Saint-Germain. “PSG Labs is a natural extension of our ambition to shape the future of sports. By collaborating with the brightest innovators from around the world, we can accelerate game-changing ideas and further solidify our position as a global leader in innovation. With our first international PSG Lab in Doha, our goal is to drive innovation on a global scale and set new benchmarks for the entire sports industry.” A New Model for Sports Innovation PSG Labs will work closely with select partners in key technology ecosystems to accelerate the development of breakthrough innovations across three focus areas: Expanding PSG’s Global Innovation Footprint The launch of PSG Labs in Doha marks the first step in the Club’s international innovation expansion. The regional lab will serve as a gateway to emerging technology in the Middle East, allowing PSG to: “This is a major step in PSG’s innovation journey”, added Jerry Newman, Chief Digital and Innovation Officer of Paris Saint-Germain. “By launching this innovation lab in Doha, PSG is demonstrating the impact that visionary leadership and global collaboration can have in shaping the future of sports.” Join the Movement Applications for PSG Labs are now open. Startups and scaleups looking to shape the future of sports, media, and fan engagement are invited to apply. For more information, visit PSG Labs Official Website: https://www.psg.fr/labs
Visit Qatar signs MoU with Microsoft at Web Summit Qatar 2025 to advance smart tourism solutions
Visit Qatar and Microsoft have formalised their collaboration to drive digital innovation in tourism with a Memorandum of Understanding (MoU) signed at Web Summit Qatar 2025 on 25th February. The MoU was signed by Eng. Abdulaziz Ali Al-Mawlawi, CEO of Visit Qatar, and Lana Khalaf, Country Manager of Microsoft, marking the next phase of this partnership. Leveraging the success of the Visit Qatar GenAI Travel Concierge, powered by Microsoft Azure and OpenAI 4o and 4o mini, both entities will explore cutting-edge technologies to enhance visitor experiences and transform business operations. The Smart Travel Assistant from Visit Qatar is a pioneering innovation that seamlessly integrates text, voice, content, a conversational virtual assistant, maps, and an interactive planning interface. This innovation has set new standards for digital excellence in tourism. Visit Qatar and Microsoft are working on developing a comprehensive technology roadmap that aims to enhance the visitor experience through integrated smart and digital solutions.
Visit Qatar participates at Web Summit Qatar 2025
Visit Qatar participates in the second edition of Web Summit Qatar, taking place from February 23 – 26, 2025, at the Doha Exhibition and Convention Center (DECC). As part of its participation, Visit Qatar is sponsoring the VIP Lounge, providing an exclusive networking space where attendees can experience Qatar’s renowned hospitality. Visit Qatar’s participation highlights its ongoing commitment to technology and digital innovation as key enablers of the tourism sector. This dedication was recently recognized with three prestigious awards, including the Microsoft AI Excellence Award for the Visit Qatar GenAI Travel Concierge and two MENA Digital Awards: The Gold Award for Best Application (Mobile/Tablet) and the Silver Award for Best Web Platform. The Visit Qatar mobile app was recognised with the Gold Award for its seamless integration of the Visit Qatar Pass, which unlocks savings of up to 50% on a wide range of experiences. Building on this success, Visit Qatar continues to drive digital innovation with the latest upgrade of its AI Concierge, introducing a conversational chat interface and engaging visual elements for a more intuitive and immersive experience, from inspiration to planning. This upgrade is designed to cater to diverse visitor profiles, from meticulous planners to spontaneous explorers, and from budget-conscious visitors to luxury seekers. It ensures seamless itinerary planning by addressing the challenges of fragmented booking experiences, consolidating travel resources and offerings in Qatar. Available on both the Visit Qatar website and mobile app, the AI Concierge offers a comprehensive suite of services with advanced GenAI-powered capabilities, including personalized recommendations, dynamically tailored itineraries, and real-time updates about events and cultural experiences, making it a valuable tool for both visitors and the local community. HE Saad Bin Ali Al Kharji, Chairman of Qatar Tourism and Chair of the Board of Directors of Visit Qatar, said: “Web Summit Qatar 2025 presents a prime opportunity to showcase Qatar’s transformation into a leading global destination for both tourism and business. With significant advancements in digital integration and service excellence, we continue to enhance the visitor journey while strengthening our position as a key MICE hub in the region. Hosting large-scale global events has been instrumental in achieving our goal of becoming one of the fastest-growing tourism destinations in the Middle East, as recognised by UN Tourism’s World Barometer in December 2024.” Eng. Abdulaziz Ali Al-Mawlawi, Chief Executive Officer of Visit Qatar, said: “Qatar is a leading global destination with a proven track record of successfully hosting major events and providing its visitors with memorable experiences. MICE is the one of the most important pillars driving growth in Qatar’s tourism sector. This summit not only provides a powerful platform to showcase Qatar’s ability to host world-class events but also facilitates networking, business and investment opportunities, knowledge exchange, and collaboration in innovation and technology. It reinforces our strategic vision of positioning Qatar a premier international MICE destination.” Web Summit Qatar 2025 will bring together top global speakers and thought leaders to discuss key topics in technology and innovation. The event’s five-year tenure in Qatar is a clear reflection of the country’s broader efforts to diversify its economy as part of the Qatar National Vision 2030, positioning Qatar as a leading global hub for entrepreneurship, innovation, technology, and as a premier MICE destination. The summit is a vital catalyst for attracting foreign investment, boosting the tourism industry, and enhancing the country’s business environment.
Minister of Communications and Information Technology visits DECC for Final Checks Ahead of Web Summit Qatar 2025
H.E. Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, conducted a visit today to oversee the final preparations for the second edition of Web Summit Qatar 2025, which is set to take place tomorrow, Sunday, February 23. The summit will feature over 1,540 startups, marking a 50% increase from last year’s edition, along with 651 investors from more than 80 countries. On this occasion, H.E. Mr. Mohammed bin Ali Al Mannai expressed his sincere appreciation to the organizing committee and the Web Summit team for their significant efforts in ensuring the success of this global event. During his tour, H.E. emphasized the importance of the summit in solidifying Qatar’s role as a regional hub for entrepreneurship and innovation. He also praised the meticulous preparations made to deliver an exceptional experience for participants through dedicated platforms and networking opportunities. Web Summit Qatar 2025 serves as a strategic platform to discuss the latest advancements in digital transformation, artificial intelligence, and tech entrepreneurship, while also highlighting promising investment opportunities in Qatar’s technology sector. The summit plays a crucial role in supporting startups and fostering a dynamic digital innovation ecosystem. This event aligns with national efforts to accelerate digital transformation and enable a knowledge-based economy, in line with Qatar National Vision 2030 and the Third National Development Strategy. The summit is expected to enhance international partnerships and attract technology investments, further strengthening Qatar’s position as a global leader in the digital economy.
Snap Inc. Steps Up AR Investment in the Region to Empower the Next Generation of Developers at Web Summit Qatar 2025
Middle East, 19 February 2025: In a region eager to embrace emerging technologies, Snap Inc. is stepping up its investment in the region by empowering the next generation of Augmented Reality (AR) developers in MENA and building their AR capabilities at Web Summit Qatar 2025. With over 85% of GCC Snapchatters engaging with AR lenses daily, Snap is ensuring that the region remains at the forefront of innovation in this rapidly evolving digital landscape. At this year’s Web Summit Qatar 2025, guests will walk through an immersive AR journey, showcasing the evolution of Snap’s AR and how the technology has grown beyond entertainment to become a powerful tool for self-expression, discovery, and cultural storytelling. From face Lenses to interactive AR try-ons and real-time utility and now Gen AI, Snap’s AR continues to inspire developers and businesses alike to enhance community engagement and design immersive experiences. Snap will also shine a spotlight on the company’s hardware technology – Snap’s fifth generation of Spectacles – that enable truly groundbreaking software experiences. Guests will have the opportunity to experience first hand the future of communication and see what it is like to interact together in the same shared experience all while being grounded in reality, giving them the chance to experience computing, the world, and one another in totally new ways. For the first time in the region, Snap has partnered with Virginia Commonwealth University School of Arts Qatar (VCUarts Qatar) bringing a new initiative that will empower 50 young creatives from the university’s Foundation year and BFA programs with tools that will help them shape the future of AR and contribute to the region’s digital ecosystem. Titled “Building a Snapchat Lens, Building Your Career”, the educational session led by Joseph Darko, Global Head of AR Developer Relations at Snapchat will showcase the transformative power of AR and allow students to unlock their creative potential. “We’re excited about the opportunity that AR holds, both globally and in our region. Our core priority is to support the ongoing digital transformation across the GCC and help our partners and governments achieve their tech-driven agendas. With AR, we have the power to enable brands to drive business impact, empower developers to create immersive AR experiences, as well as create a positive impact on people’s lives through shared experiences,” said Hussein Freijeh, Vice President of Snapchat in MENA. “Following an incredibly successful event last year, we are delighted to once again be taking center stage at this pioneering Summit. This year we’re excited to showcase how Snapchat’s suite of sophisticated AR tools continue to enrich the way people communicate, learn, and experience the world around them.” added Freijeh. What’s more? Four of Snap’s renowned experts will lead inspiring sessions at Web Summit Qatar 2025, covering a range of topics on AR and its impact on social connectivity. Qi Pan, Snap’s Global Director, Spectacles AR Platform, will walk attendees through a journey of augmented reality, starting with innovation in mobile AR then looking at how Spectacles will foster the next generation of human connection and spatial computing. Valentina Cullati, Director of EMEA Creative Strategy and Global Production, will explore how AR is not just a tool but is a behaviour, seamlessly integrated into daily life. Valentina will delve into the role of creators as cultural architects, building moments of connection that resonate deeply and will share why Snapchat – from its unique position of empowering creativity that drives real results – is the right place to create real impact. Youmna Borghol, Head of Marketing Science, EMEA, will offer an overview on how marketers must adapt to stay ahead in a fast-changing environment with many new challenges. Youmna will explore how comprehensive measurement strategies can provide deeper, more actionable insights, and share how to refine strategies to better quantify and optimize the impact of marketing efforts on business outcomes. Through an inspiring schedule of talking sessions, engaging workshops and informative live demonstrations, Snap intends to drive the conversation around the possibilities created by AR and the opportunities it enables for the community, developers and partners, as stakeholders navigate the exciting future of the digital landscape in the region.
Huawei to Showcase Cutting-Edge Cloud and AI Innovations at Web Summit Qatar 2025
AI Pioneer Accelerates Intelligence with Everything as a Service Doha, Qatar – February 18, 2025 – Huawei, a leading global provider of information and communications technology (ICT) infrastructure, is set to showcase its latest Cloud and AI solutions at Web Summit Qatar 2025, taking place from February 23 to 26 at the Doha Exhibition and Convention Center (DECC). Under the theme “Accelerate Intelligence with Everything as a Service,” Huawei will demonstrate how its advanced technologies enable businesses and industries to harness the power of cloud computing, artificial intelligence, and digital transformation to drive unprecedented innovation and efficiency. Following the success of its inaugural edition in 2024, Web Summit Qatar returns for its second year, solidifying Qatar’s position as a global technology and innovation hub. The event brings together world-leading technology companies, policymakers, entrepreneurs, and investors, fostering discussions on the future of AI, cloud computing, and digital transformation. As an AI pioneer in industry applications, Huawei Cloud is driving industry intelligence by providing full-stack AI capabilities, including infrastructure, computing power, algorithms, development frameworks, and its advanced Pangu Large Models. Leveraging its CloudMatrix AI-native infrastructure, Huawei Cloud Stack, and Ascend AI cloud services, Huawei delivers massive AI computing power with unparalleled efficiency, offering flexible deployment options tailored to diverse enterprise needs. Huawei Cloud Stack provides an on-premise deployment mode for enterprises or governments that prefer to save data locally and develop foundation models independently. Meanwhile, Ascend AI cloud services offer a public cloud alternative for organizations that want to avoid the complexities of building and maintaining their data centers. The newly launched Pangu Large Model 5.0 offers advancements in multimodal capabilities, reasoning, and real-world applications across sectors such as autonomous driving, intelligent cities, robotics, industrial design, and drug R&D, solidifying Huawei Cloud’s position as a leader in AI-driven digital transformation. Building on these technical strengths, Huawei is redefining innovation through its “Everything as a Service” strategy, which offers fully digital, cloud-based, and AI-powered solutions across three key pillars: Infrastructure as a Service, Technology as a Service, and Expertise as a Service. At Web Summit Qatar, the company will showcase how this approach enables scalable, secure, and high-performance solutions tailored to the needs of governments, enterprises, and industries, empowering them to accelerate their digital transformation journeys. Rico Lin, President of Huawei Gulf North Region, stated: “At Huawei, we are committed to accelerating intelligence and enabling businesses to thrive in the digital era. Our participation at Web Summit Qatar 2025 underscores our dedication to providing innovative Cloud and AI solutions that empower industries to operate smarter, scale faster, and drive greater efficiency. As Qatar moves toward a knowledge-based economy, we look forward to collaborating with industry leaders, government stakeholders, and technology pioneers to support the country’s digital ambitions and shape the future of AI-driven innovation.” Under Infrastructure as a Service, Huawei Cloud’s KooVerse, which consists of 96 availability zones (AZs) in 33 regions, provides a unified architecture serving customers in more than 170 countries and regions to meet their diverse application scenarios through different modes of public cloud, private cloud, and edge cloud. Technology as a Service solutions enable businesses to innovate easily and modernize applications through Huawei’s R&D advances, delivered to customers, partners, and developers through cloud services. Huawei Cloud has built development production lines designed to accelerate enterprise application modernization. These include ModelArts, a one-stop AI platform that empowers developers and data scientists to rapidly develop and deploy models, driving intelligent upgrades across industries. DataArts, on the other hand, is a comprehensive data lifecycle management platform that provides end-to-end governance of databases, warehouses, data lakes, and AI, unlocking the full value of data. CodeArts is an all-in-one DevSecOps platform offering out-of-the-box cloud services for requirement delivery, code commit, testing, building, verification, deployment, and release throughout the entire software development lifecycle. Meanwhile, MetaStudio delivers cutting-edge tools for virtual avatar video production, livestreaming, and intelligent interaction, revolutionizing content creation across industries. Beyond technology, Huawei Cloud’s Expertise as a Service will highlight shared excellence and cloud-enabled industries. Huawei Cloud MacroVerse aPaaS opens up Huawei’s years of innovation and digitalization experience so that industry developers no longer need to reinvent the wheel, enabling industry scenario-based innovation in more than 10 vertical industries, such as government, finance, manufacturing, transportation, and meteorology. A key focus of Huawei’s participation will be introducing industry-specific AI applications, demonstrating real-world scenarios where AI and cloud technologies drive innovation. From AI-powered diagnostics in healthcare that improve accuracy and speed to predictive maintenance in manufacturing that reduces downtime and enhances productivity, Huawei’s solutions are transforming industries. The financial sector also benefits from Huawei’s AI-driven risk assessment and fraud detection capabilities, while the transportation industry is leveraging AI-powered logistics and fleet management to optimize routes and enhance efficiency. Huawei’s AI for Industries initiative is set to redefine the future of business operations by embedding AI into core decision-making processes. By integrating AI-driven automation across sectors, enterprises can increase efficiency, reduce operational costs, and unlock new growth opportunities. Whether through smart urban planning, intelligent infrastructure, or AI-powered governance models, Huawei is pioneering the use of artificial intelligence to shape the future of digital economies. This aligns with Qatar’s digital transformation agenda, which aims to harness AI, big data, and cloud computing to enhance public services, drive economic competitiveness, and build a sustainable, knowledge-based economy. As Qatar strengthens its role as a digital powerhouse, Huawei remains committed to working alongside local enterprises, government entities, and global partners to build an ecosystem where cloud and AI technologies drive meaningful transformation. Huawei’s presence at Web Summit Qatar reinforces its commitment to supporting Qatar’s national digital agenda, aligning with Qatar National Vision 2030, which prioritizes economic diversification, digital innovation, and smart infrastructure as key pillars for sustainable growth. Huawei invites attendees to its booth number E503 to experience live demonstrations, engage with industry experts, and explore how Cloud and AI technologies can transform businesses and industries.
Qatar Participates in the Third AI Action Summit in Paris
Doha, Qatar – 12 February 2025: The state of Qatar participated in the third AI Action summit, held from February 10 – 11 in Paris. The Qatari delegation to the summit was led by His Excellency Mr. Mohammed bin Ali Almannai, Minister of Communication and Information Technology. The Summit attracted widespread international participation, bringing together heads of state and government, leaders of international organizations, corporate executives, academics, and civil society representatives to discuss the future of Artificial Intelligence (AI) and its impact on societies, economies, and governance structures. Qatar’s participation reaffirms its commitment to fostering international collaboration on AI governance and development, underscoring the importance of establishing a comprehensive global framework that ensures transparency, accountability, and equitable access to AI solutions. Commenting on Qatar’s involvement, His Excellency Mr. Mohammed bin Ali Almannai stated: “The Summit offers a unique opportunity for global stakeholders to build a harmonized AI ecosystem. By uniting governments, industry, and civil society, we can ensure that AI innovation is not only a driver of economic growth but also a force for social good, cultural preservation, and global well-being.” The AI Action Summit focuses on five key pillars that frame the challenges and opportunities presented by AI: Public Interest in AI, Future of Work, Innovation and Culture, Trust in AI, and Global AI Governance. The Summit concluded with a shared commitment to develop international strategies and partnerships that foster responsible AI innovation. Qatar’s leadership and active engagement in these discussions highlight the nation’s vision for inclusive digital transformation and a future in which AI benefits all. Underscoring Qatar’s position as a hub for digital and technological innovation in the region, Qatar is hosting the World Summit AI for five consecutive years, following the successful conclusion of its first edition last December. Qatar is also preparing to host the second edition of the Web Summit at the end of February. These high-profile global events reflect the State’s efforts to build a supportive environment for technology development and AI advancements.
Air Arabia Reports Record AED 1.6 Billion Profit Before Tax in 2024
February 13, 2025: Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, today announced its financial and operational results for the full year ending December 31, 2024. The airline posted a record pre-tax net profit of AED 1.6 billion, reflecting a 4% increase compared to AED 1.5 billion in 2023. Total turnover for the year surpassed AED 6.63 billion, marking an 11% growth from AED 6 billion in 2023. In 2024, Air Arabia reinforced its commitment to expansion and operational excellence by growing its network across six hubs and adding 31 new routes. This strategic expansion led to a 13% increase in operational capacity and a 12% rise in total passengers carried, reaching 18.8 million across the group. The airline also reported a 2% increase in average seat load factor, reaching 82%, further underscoring the sustained strong demand for Air Arabia’s value-driven, low-cost services. Full Year 2024 Performance: AED FY 2024 FY 2023 % Revenue AED 6.63 billion AED 6 billion 11% Passenger Numbers*all hubs* 18.8 million 16.7 million 12% Seat Load Factor 82% 80% 2% Net Profit Before Tax AED 1.6 billion AED 1.54 billion 4% Net Profit After Tax AED 1.46 billion – – Air Arabia’s Board of Directors has proposed a dividend distribution of 25% of share capital, equivalent to 25 fils per share. This proposal was made during a recent board meeting and is subject to approval by Air Arabia’s shareholders at the upcoming Annual General Meeting (AGM). Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, said: “2024 has been a record-breaking year for Air Arabia Group, marked by significant expansion and an increased footprint across all key markets. Building on our strong foundation, we have continued to achieve remarkable financial and operational growth, reaffirming the strength of our business model, the resilience of our management team, and the effectiveness of our strategic vision.” He continued: “Despite the geopolitical tensions and economic challenges impacting the region, Air Arabia Group has successfully sustained its strong growth trajectory in 2024. This was driven by increased operating capacity, the launch of new routes, and continued network expansion from all our hubs. We take great pride in our ability to deliver a value-driven travel experience to a growing customer base, strengthening our presence across global markets while maintaining operational excellence.” In the fourth quarter ending December 31, 2024, Air Arabia reported a record net profit of AED 351 million, marking a 56% increase compared to AED 225 million in the same quarter last year. Total turnover for the fourth quarter of 2024 rose 7% to AED 1.65 billion, driven by an 11% increase in passenger numbers, as the airline carried over 4.7 million passengers across all hubs during the quarter. Meanwhile, the seat load factor increased by 2% reaching a strong 83%, reflecting sustained demand for Air Arabia’s services. Fourth Quarter 2024 Performance: AED Q4 2024 Q4 2023 % Revenue AED 1.65 billion AED 1.54 billion 7% Passenger Numbers*all hubs* 4.7 million 4.2 million 11% Seat Load Factor 83% 81% 2% Net Profit AED 351 million AED 225 million 56% Al Thani continued: ” “The fourth quarter of the year was remarkable for Air Arabia, as we successfully expanded our network while maintaining solid margins. This strategic growth, coupled with rigid cost control and strong operational efficiency, resulted in an outstanding performance for the quarter”. Full Year 2024 Highlights: Fleet Network Liquidity ESG Recognition Outlook Al Thani concluded: “As the global aviation industry continues to navigate challenges, including geopolitical tensions, inflationary pressures, and supply chain disruptions, Air Arabia remains committed to growth and expansion. Our focus is on enhancing connectivity, increasing operational capacity, and providing our customers with the best options for affordable and value-driven air travel. We have full confidence in our unique business model, operational excellence, and customer-centric approach, which enable us to continuously expand our network and deliver a seamless travel experience to an ever-growing customer base.”
Gadget Guide: XREAL One Pro: Sleek AR glasses that turn any space into your personal cinema
Transform your entertainment experience with the XReal One Pro, a groundbreaking innovation in AR smart glasses that redefines immersive viewing. Enjoy stunning Full-HD visuals with a 57° field of view, 700 nits of brightness, and vibrant colours, powered by XReal’s advanced X1 spatial computing chip. Integrated Bose sound complements the visuals, ensuring rich and immersive audio and taking your entertainment to the next level. Designed for comfort, the XReal One Pro weighs just 87g and features an adjustable interpupillary distance, allowing a personalised fit for prolonged use. These glasses are available in two sizes, catering to IPD ranges of 57-66mm and 66-75mm, making them suitable for a broad audience. Future-ready, the XReal One Pro supports modular upgrades, such as the upcoming XReal Eye – a 12MP camera module that adds AI-enhanced capabilities and photo-capturing features. Whether you’re streaming movies, playing games, or exploring AR applications, the XReal One Pro delivers a seamless and immersive experience. Its lightweight design, exceptional visuals, and premium audio combine to create a wearable home theatre that fits in the palm of your hand. Elevate your entertainment experience with the XReal One Pro.
