The MEBAA Show, one of the top business aviation events in the Middle East, will be held in Dubai this year as the travel industry continues to recover from the coronavirus pandemic-induced slowdown due to the easing of restrictions by governments to boost travel.
The event will be held at Dubai World Central Airport from December 6 to 8, according to its organisers.
“Business aviation has shown tremendous resilience and growth in recent years and it is an exciting time for the sector,” Ali Ahmed Alnaqbi, founder and executive chairman of The Middle East & North Africa Business Aviation Association (MEBAA), said.
The event “will demonstrate the latest advancement in business aircraft, technologies and predictions for the industry, which looks set for further growth in coming years”.
Business jet activity in the Middle East witnessed some of the strongest growth in demand in 2021, notably in the UAE, which grew 73 per cent compared to 2019, the organisers said, citing data from Wingx’s weekly global market tracker.
On an international level, Honeywell’s 30th annual Global Business Aviation Outlook forecasts up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, up 1 per cent in deliveries from the same 10-year forecast a year ago.
“Providing a platform for the entire business aviation community the MEBAA Show will convene again to build partnerships and take advantage of the enormous growth predicted for the sector,” the organisers said.
The show was cancelled in 2020 due to concerns related to the Covid-19 pandemic and international travel restrictions.
The business aviation industry had a significant representation in the recently held Dubai Airshow, with 30 per cent of the event’s business and private aviation exhibitors "highlighting huge interest from buyers looking to take to the skies in executive jets for increased privacy and less exposure to the pandemic," the organisers said.
The Mena region's economies are forecast to expand 4.3 per cent in 2022, from an estimated 3.7 per cent in 2021, amid higher oil output and a sustained recovery in the non-oil sector, Fitch Solutions said in its Mena Key Themes 2022 report earlier this month.
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Credit Score explained
What is a credit score?
In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.
Why is it important?
Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.
How is it calculated?
The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.
How can I improve my score?
By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.
How do I know if my score is low or high?
By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.
How much does it cost?
A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.
Killing of Qassem Suleimani
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Teams
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals
UAE currency: the story behind the money in your pockets
