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Airline SAS orders 18 new Airbus A330neo amid wider fleet renewal

The fleet renewal and expansion comes just two years after the airline, part-owned by Air France-KLM, came out of Chapter 11 bankruptcy following years of financial difficulties

Reuters
Reuters

30 June, 2026

Airline SAS orders 18 new Airbus A330neo amid wider fleet renewal

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Airbus said on Tuesday SAS had ordered 18 A330neo jets – part of what the Scandinavian airline described as a fleet modernisation plan involving up to 40 European long-haul aircraft worth $10bn, its largest ever investment.

The fleet renewal and expansion comes just two years after the airline, part-owned by Air France-KLM, came out of Chapter 11 bankruptcy following years of financial difficulties and a huge drop in traffic during the COVID-19 pandemic.

There were conflicting reports from companies involved in the mechanics of the deal, with engine maker Rolls-Royce announcing that it involved 20 new A330neo jets, which are powered by its Trent 7000 engines, plus options for another 10.

SAS said it was also bringing in an unspecified number of a predecessor model, the out-of-production A330-300 jet, to help it grow while waiting for the new upgraded models to be built.

The airline did not give a breakdown of new plane orders, future options or older leased planes but said the overall package of fleet investments was worth $10bn.

“These investments represent the most significant modernisation of the SAS fleet in decades, delivering substantial improvements in fuel efficiency, noise performance and customer experience,” SAS said in a statement.

Airbus no longer issues new aircraft prices but 18 A330neos would be worth $5.7bn at the last-published value.

Large discounts from such list prices are a standard practice when airlines ​place sizeable orders with planemakers.

The order follows SAS’ deal last year for 55 Embraer regional aircraft worth around $4bn.

Years of difficulties

SAS, founded in 1946 when the national flag carriers of Denmark, Norway and Sweden joined up, has struggled in recent years to compete with budget airlines.

Several share issues and restructuring plans failed to address underlying problems with high costs and low demand.

Chapter 11 bankruptcy allowed SAS to restructure debt of more than $2bn, to adjust its fleet and delist its stock with the new owners taking on a more profitable business.

In 2025, SAS, whose corporate headquarters are in Sweden, booked an operating profit of 3 billion crowns ($308.5m) on the back of higher passenger numbers and revenue. That compared to an operating loss of 2.1 billion in 2024.

Its expansion plans comes as the airline industry faces significant challenges from the conflict in the Middle East, which has driven up jet fuel prices and disrupted key air corridors.

Bloomberg reported earlier this month that SAS was nearing a deal with Airbus for widebody jets after running a contest between the European planemaker and Boeing.

SAS said its plans include a significant expansion at Copenhagen Airport, its main airport hub, towards 2030, supporting an additional 25,000 jobs and contributing 25 billion Danish crowns ($3.81bn) to Denmark’s GDP by 2030.

Saudi Arabia extends tax penalty waiver until December 2026: Key details revealed

The authority has encouraged taxpayers to review the initiative through its simplified guide, which explains the extension decision, the categories of fines covered and eligibility requirements

Nida Sohail
Nida Sohail

30 June, 2026

Saudi Arabia extends tax penalty waiver until December 2026: Key details revealed

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Saudi Arabia has extended its initiative to waive tax fines and financial penalties for taxpayers across all tax systems by a further six months, providing businesses and individuals with additional time to regularise their tax affairs and strengthen compliance.

The Zakat, Tax and Customs Authority (ZATCA) announced that the extension follows a decision issued by the Minister of Finance and will take effect from July 1, 2026, remaining in force until December 31, 2026, a Saudi Gazette report said.

Read more-Traveling to Saudi? New cash, gold declaration rules are now in effect

Under the initiative, taxpayers are eligible for exemptions from fines related to late registration under all tax systems, delayed tax payments, late submission of tax returns across all tax regimes, and penalties linked to corrections made to value added tax (VAT) returns.

Eligibility criteria outlined

ZATCA said taxpayers seeking to benefit from the initiative must be registered with the authority for tax purposes, submit all required tax returns, and settle the full principal amount of any outstanding tax liabilities.

The authority added that taxpayers may also apply for an installment plan, provided the request is submitted during the validity of the initiative and all approved installments are paid on their scheduled due dates in accordance with the payment plan approved by ZATCA.

However, the authority stressed that the initiative does not extend to penalties resulting from tax evasion violations, fines imposed under Article 45 of the VAT Law, penalties that were settled before the initiative came into effect, or penalties associated with tax returns due after June 30, 2026.

ZATCA further clarified that even if the initiative is extended beyond December 31, 2026, any future extension would continue to exclude penalties linked to tax returns due after June 30, 2026.

The authority has encouraged taxpayers to review the initiative through its simplified guide, which explains the extension decision, the categories of fines covered, eligibility requirements, installment payment procedures, and practical examples to help taxpayers understand the available relief measures.

ZATCA also urged eligible taxpayers to make use of the extended initiative before it expires on December 31, 2026.

Seven in 10 UAE consumers now prefer digital wallets: Survey

The survey was conducted between March and April 2026 and included 1,050 UAE residents

Rajiv Pillai
Rajiv Pillai

30 June, 2026

Seven in 10 UAE consumers now prefer digital wallets: Survey

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More than seven in 10 consumers in the UAE say they have become increasingly willing to pay using digital wallets such as Apple Pay, Google Pay and Samsung Wallet instead of cash or physical cards, highlighting the country’s accelerating shift towards digital payments.

According to a survey of 1,050 UAE residents conducted by Dubai-based global insights consultancy SixthFactor, 70.7 per cent of respondents said their willingness to use digital wallets has increased over the past few years.

The research also revealed notable differences across income and education groups, suggesting that while digital payment adoption is widespread, uptake has been strongest among higher-income and more highly educated consumers.

Among households earning Dhs30,000 or more per month, 75.5 per cent said they had become more willing to use digital wallets, the highest level recorded across income groups. By comparison, only 59.1 per cent of consumers earning less than Dhs10,000 per month expressed the same view, creating a gap of 16.4 percentage points.

Education levels also influenced adoption. Consumers with secondary-level education reported a willingness rate of 66.6 per cent, rising to 73.5 per cent among bachelor’s degree holders and 73.6 per cent among those with postgraduate or professional qualifications.

Himanshu Vashishtha, founder and global CEO of SixthFactor, said: “Seven in ten consumers saying they have become more willing to pay with digital wallets is a strong finding, and it reflects how quickly payment behaviour has shifted in the UAE over a relatively short period.

“The more interesting part of the data is where that shift has been less pronounced. The income and education gaps are a reminder that markets do not move at the same speed for everyone. For banks, retailers and payment providers, those segments are where the next phase of real growth lies.”

The survey was conducted between March and April 2026 and included 1,050 UAE residents representing a broad cross-section of income, education and demographic groups. The findings underscore the continued evolution of the UAE’s digital payments ecosystem as consumers increasingly adopt contactless and mobile-first payment methods.

UAE reopens Lebanon travel, Emirates issues advisory: Key details to know

The latest government announcement comes as Emirates has advised customers to expect significantly higher passenger volumes during the summer holiday period

Nida Sohail
Nida Sohail

30 June, 2026

UAE reopens Lebanon travel, Emirates issues advisory: Key details to know

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The UAE has resumed travel for its nationals to the Lebanese Republic, marking a significant easing of travel restrictions as the country prepares for one of its busiest summer travel seasons.

The Ministry of Foreign Affairs (MoFA) announced that UAE nationals are permitted to travel to the sisterly Lebanese Republic effective Monday, June 29, 2026, while reminding travellers that compliance with mandatory registration requirements remains a key condition for departure.

Under the updated travel procedures, the ministry said UAE nationals must register through the Twajudi service before travelling. Passengers will not be allowed to depart through the country’s ports of exit until the registration process has been completed. The ministry added that failure to register could result in the suspension of travel procedures and legal accountability, a WAM report said.

Read more-Traveling to Saudi? New cash, gold declaration rules are now in effect

UAE nationals are also required to provide all necessary information through the Twajudi service, including their place of residence in Lebanon and emergency contact details. Travellers must notify the Ministry through the service upon their return to the UAE and ensure their information is updated if any changes occur during their stay.

In the event of an emergency, the ministry advised UAE nationals abroad to contact its dedicated emergency hotline at +971 80024 to facilitate a prompt response and timely assistance.

Emirates prepares for busy summer travel season

The latest government announcement comes as Emirates has advised customers to expect significantly higher passenger volumes during the summer holiday period, urging travellers departing from Dubai to allow additional time to complete airport formalities.

According to the airline’s latest travel advisory, passengers should arrive at least three hours before departure from Dubai, as security and immigration processing times may be longer than usual. Emirates also recommends that passengers be at their boarding gate at least 60 minutes before departure.

To minimise delays caused by increased road traffic around Dubai International Airport, the airline has encouraged travellers to plan extra travel time or consider using the Dubai Metro to Emirates Terminal 3.

Emirates is also promoting several check-in options designed to streamline the airport experience. Customers can check in online or through the Emirates mobile app, use self-service check-in and bag-drop kiosks, complete baggage drop up to 24 hours before departure (or 12 hours for US-bound flights), or opt for Home Check-in services.

The airline added that Emirates Skywards members can register for Emirates Biometrics through the Emirates app before travelling to benefit from facial recognition services across the airport. Travellers can also make use of Emirates City Check-in facilities in Ajman and at ICD Brookfield Place in DIFC, with the latter extending its operating hours from July 1.

Emirates further advised customers to ensure their contact information is updated through Manage Your Booking so they can receive the latest travel notifications and operational updates throughout their journey.

IHG to launch its luxury and lifestyle brands in Saudi by 2028

The company operates more than 7,000 hotels globally across 21 brands and has a development pipeline of over 2,300 properties

Neesha Salian
Neesha Salian

30 June, 2026

IHG to launch its luxury and lifestyle brands in Saudi by 2028
Image: Supplied

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IHG Hotels & Resorts plans to introduce all six of its Luxury & Lifestyle brands in Saudi Arabia by 2028, expanding its footprint in one of its fastest-growing global markets as the kingdom accelerates its tourism transformation under Vision 2030.

The company said each of its luxury and lifestyle brands is either already present or in development in the kingdom, as it deepens its exposure to a market targeting 150 million annual visitors by 2030.

IHG, which opened its first Saudi property InterContinental Riyadh in 1975, now operates 48 hotels in the kingdom with 62 in its development pipeline, making Saudi Arabia one of its largest growth markets globally.

The group said its expansion strategy spans luxury, premium, essentials and extended stay segments, but highlighted luxury and lifestyle as a key growth driver as demand rises for design-led and experience-focused hospitality.

Helping shape hospitality in the kingdom, says IHG exec

“Saudi Arabia is one of the world’s most exciting hospitality markets and one of the most strategically important for IHG,” said Haitham Mattar, MD, Middle East, Africa & Southwest Asia. “We are not simply growing our footprint; we are helping shape the future of hospitality in the kingdom.”

He added that rising demand in the kingdom is shifting toward “distinctive luxury experiences with authentic local character.”

IHG recently opened Kimpton KAFD Riyadh, marking the Middle East debut of the Kimpton brand, while other projects include Six Senses Amaala expected in 2026, Six Senses AlUla in 2027 and Regent Jeddah Corniche in 2027, which will mark the brand’s regional debut.

Hotel Indigo & Residences Al Khobar is also scheduled for 2028 as part of the group’s broader pipeline of luxury openings.

“Luxury & Lifestyle is becoming a defining part of that journey, as guests increasingly seek design-led, culturally connected and memorable experiences,” said Maher Abou Nasr, MD for Saudi Arabia, IHG Hotels & Resorts.

IHG said it has strengthened its regional operating structure with a dedicated Riyadh office opened in 2023 to support owners and partners.

The company operates more than 7,000 hotels globally across 21 brands and has a development pipeline of over 2,300 properties.

In pictures: First Etihad Rail passenger service arrives in Abu Dhabi from Fujairah

Customers have been able to book journeys and purchase tickets through the Etihad Rail mobile application and official website from June 23, 2026

Nida Sohail
Nida Sohail

30 June, 2026

In pictures: First Etihad Rail passenger service arrives in Abu Dhabi from Fujairah

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The UAE has taken a major step towards transforming domestic travel after the first Etihad Rail passenger service successfully arrived in Abu Dhabi from Fujairah, marking the beginning of a new chapter for the country’s national transport network and wider economic development.

The inaugural trial service departed from Fujairah Station and arrived at Mohamed bin Zayed City Station in Abu Dhabi, with the milestone celebrated by passengers and officials, a WAM report said.

Travellers who took part in the historic journey described the experience as a blend of speed, comfort and reliability, highlighting the significance of becoming among the first passengers to travel on the UAE’s long-awaited national passenger railway.

Network expansion planned across the UAE

The trial service marks the start of a phased rollout of the UAE’s passenger rail network. Scheduled passenger operations will commence on September 30, connecting Abu Dhabi, Dubai, Al Dhaid and Fujairah. The network will then expand to stations in Al Dhafra Region in December 2026, followed by Sharjah in March 2027.

Fares on the Abu Dhabi–Fujairah route will start at Dhs55 for Comfort Class and Dhs120 for Premium Class. The passenger fleet comprises 13 trains, each capable of carrying up to 400 passengers. Customers have been able to book journeys and purchase tickets through the Etihad Rail mobile application and official website from June 2026.

The launch comes less than five years after the UAE unveiled its vision for the UAE Railway Programme under the Projects of the 50 initiative in 2021. Delivering the passenger rail project ahead of schedule reflects the country’s ability to execute large-scale infrastructure developments while supporting long-term economic growth, improving connectivity and creating new opportunities for businesses, investors and communities across the Emirates.

Integrated travel experience

Beyond transportation, the new passenger stations are designed to provide an integrated travel experience. Facilities will include cafés, restaurants, retail outlets and several international brands, complemented by onboard dining services to enhance passenger comfort and convenience.

The project aims to meet the expectations of citizens, residents, visitors and investors while reinforcing the UAE’s position as a regional leader in transport, logistics and infrastructure development.

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Airline SAS orders 18 new Airbus A330neo amid wider fleet renewal