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INSEAD’s Mark Stabile on the GEMBA Flex and the future of executive learning

As INSEAD welcomes its first GEMBA Flex cohort, Mark Stabile, dean of Degree Programmes and professor of Economics, explains why flexible, continuous learning has become the defining edge for executives leading through an era of AI, geopolitical upheaval and constant disruption

Neesha Salian
Neesha Salian

09 July, 2026

INSEAD’s Mark Stabile on the GEMBA Flex and the future of executive learning

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Executive education is being reshaped by the same forces it seeks to help leaders navigate. As AI adoption accelerates, geopolitical fault lines deepen and the assumptions underpinning entire business models erode in months rather than decades, the way senior executives learn is changing too.

INSEAD’s answer is GEMBA Flex, a new blended format of its Global Executive MBA that has just welcomed its inaugural cohort: 59 senior leaders from 37 nationalities, 51 per cent of them women — a notable shift at a level where flexibility has long been a barrier to participation.

Here, Mark Stabile, dean of Degree Programmes at INSEAD, dean of the Europe Campus and professor of economics, explains the thinking behind the new format and what it signals about where executive learning is heading. Drawing on his vantage point as an economist, he explores why leading through this moment differs from past disruptions, which capabilities will carry leaders through what’s coming, what the evidence says about whether investment in development pays off, and why the widening “learning divide” between organisations that keep learning and those that stand still may define competitiveness, and inequality, in the decade ahead.

INSEAD has just welcomed the first GEMBA Flex cohort — 59 senior leaders, 37 nationalities, built around people who are still running organisations full-time. What was the thinking behind launching a format like this now, and what does the demand for it tell you about where executive learning is heading?

The launch of the Global Executive MBA Flex (GEMBA Flex) was a natural evolution of our portfolio. Over the years, we have seen the profile of senior leaders continue to evolve. Today’s executives are navigating a highly fluid global landscape, frequently managing cross-border teams, travelling extensively, and balancing corporate responsibilities alongside personal commitments.

The traditional model of in-person management and executive education remains incredibly valuable and continues to be the preferred delivery format. However, since the pandemic, demand for online and hybrid learning has grown globally because of the flexibility it offers. We saw an opportunity to combine the same academic rigour, faculty engagement and global network that define INSEAD with a format that better fits the realities of modern leadership. That was the catalyst for launching GEMBA Flex.

The response was very encouraging. Our inaugural cohort brings together 59 senior leaders from 37 nationalities, with participants spanning industries, functions and regions. Notably, women make up 51 per cent of the cohort. This is particularly significant because flexibility can help address some of the barriers that have traditionally limited participation in Executive MBA programmes, especially for women balancing leadership responsibilities alongside family and other life commitments. A more flexible format allows leaders to invest in their development without compromising on quality or impact.

Today’s leaders increasingly seek development that is continuous, flexible and immediately applicable to the challenges they face every day. They want to be able to move seamlessly between self-paced online learning, live virtual interaction and immersive in-person experiences.

The future of executive education is neither purely digital nor exclusively classroom-based – it lies in a blended model that combines the flexibility of online learning with the richness of faculty and peer interaction across our global campuses in Fontainebleau, Singapore, Abu Dhabi and innovation hub in San Francisco.

Leadership feels harder than it has in a long time — AI, geopolitical tension and economic uncertainty all landing at once. From an economist’s vantage point, what’s genuinely different about leading through this moment compared with disruptions we’ve seen before?

From an economic perspective, what’s different today is that several shifts are happening simultaneously, interacting with one another and compounding the effect of multiple disruptions. We are not just dealing with isolated technological or economic disruptions but managing a web of highly interconnected forces.

First, the rapid and widespread adoption of AI – which is not simply another technology cycle. It is reshaping productivity, business models and the nature of work itself. In the Gulf, where governments are proactively establishing frameworks for AI governance and digital infrastructure, this technological shift is unfolding at an accelerated pace.

Second, we are seeing a reconfiguration of the global economic order characterised by geopolitical fragmentation, supply chain realignment and a heightened emphasis on economic security over pure cost-efficiency.

Third, the workforce itself is changing. Organisations are increasingly leading multi-generational teams with very different expectations around careers, learning and flexibility, while the rise of project-based and gig work is reshaping how talent is sourced, managed and retained. For many organisations, attracting and developing diverse leadership talent, including more women in senior roles, has also become a strategic priority.

Together, these shifts are reshaping how organisations compete, hire and create value.

For leaders, the challenge is not simply the existence of uncertainty, but the speed at which core business assumptions become outdated. Competitive advantages that previously sustained corporations for decades can now erode in months. Knowledge has a significantly shorter shelf life. Consequently, modern leadership is less about having all the answers and more about building highly agile, resilient organisations capable of continuous adaptation.

When the ground keeps shifting like this, which capabilities matter most for senior leaders — and are the skills that got people to the top the same ones that will carry them through what’s coming?

Organisations are no longer hiring solely for technical expertise. Increasingly, they are looking for leaders who combine AI fluency with adaptability, emotional intelligence and the ability to collaborate across functions.

The skills that helped many leaders succeed in the past, deep expertise, operational excellence and execution, remain important. But they are no longer sufficient on their own.

At INSEAD, we group what organisations increasingly value into three broad areas: Business Acumen, Leading & Communicating, and Staying Relevant. The last category is becoming particularly important as leaders navigate constant disruption. It encompasses capabilities such as AI and big data, resilience and agility, creativity, innovation, entrepreneurship and self-awareness. These complement, rather than replace, traditional leadership strengths.

As technology reshapes the workplace, cognitive capabilities such as strategic thinking, sound judgement under uncertainty, problem-solving and effective decision-making become even more valuable. Equally important are learning agility, curiosity and the ability to work across disciplines.

Increasingly, leadership is about balancing two priorities simultaneously: delivering results today while preparing organisations for tomorrow. Leaders need to understand not only technologies, but also its implications for people, customers, operations and long-term business value.

The OECD estimates that 1.1 billion jobs will be transformed by technology over the next decade, underscoring the need for organisations and executives alike to continuously develop new capabilities.

“Upskilling” can sound like a buzzword, but a programme like GEMBA Flex is a real commitment of time and money. In practical terms, what does meaningful development look like at a senior level, and what does the evidence say about whether that investment pays off?

Meaningful development is about expanding how leaders think, make decisions and create impact in increasingly complex environments.

For experienced executives, the greatest value often comes from stepping outside their comfort zone. A programme such as GEMBA Flex provides exposure to different industries, markets and leadership perspectives, helping participants challenge assumptions and develop a broader strategic lens. It also offers the opportunity to build a trusted global network of peers that share a common ambition to grow as leaders, opening doors to new ideas, collaborations, business opportunities and lifelong professional relationships.

Equally important is the opportunity for personal reflection to step back from day-to-day operational demands and critically examine how they lead. Through coaching, structured reflection and feedback from faculty and peers, participants are able to redefine their leadership style, identify their strengths and blind spots, and become more intentional about the impact they want to have.

Executive education has consistently been shown to strengthen leadership effectiveness, strategic decision-making and career progression. Many participants report taking on larger responsibilities, leading transformation initiatives or moving into new roles after completing a programme.

Beyond career advancement, many also describe increased confidence in leading through ambiguity and greater clarity about their long-term leadership aspirations.

Ultimately, the question is not whether senior leaders can afford to invest in their development, but whether they can afford not to.

Many leaders are weighing this up at exactly the time budgets are tight and calendars are full. How would you think through that trade-off, and is there a cost to standing still while the world moves on?

Many leaders face this dilemma: time is scarce, budgets are under pressure, and there’s increasing demands of the day job. The question, however, is not simply whether you can afford the investment, but what the cost of inaction might be.

Today’s business environment is evolving at an unprecedented pace. Leaders who rely solely on past experience may find that the assumptions that brought them success no longer apply.

Executives should view development not as time away from work, but as time invested in themselves in becoming more effective at work. Participants often bring live business challenges into the classroom and leave with practical insights, frameworks and networks they can apply immediately.

Ultimately, standing still is rarely a neutral choice. The risk is not just falling behind competitors; it is missing opportunities to innovate, grow and lead more effectively. The leaders who thrive are often those who make the deliberate decision to create space for learning, even when their schedules are at their fullest.

This cohort is 51 percent women, a real shift at senior level. Drawing on your research, why do you think we’re seeing that change now, and what tends to finally unlock it after years of slow progress?

The fact that our inaugural GEMBA Flex cohort is 51 percent women is encouraging. While it is still early to draw definitive conclusions, it strongly validates one of our principles behind the programme’s design – increasing flexibility can help broaden access to executive education for talented leaders who may previously have found it difficult to participate.

Research consistently shows that many senior professionals, particularly women, are balancing demanding leadership responsibilities alongside family commitments and other major life milestones. These competing demands have traditionally been among the barriers to pursuing executive education. By combining the same academic rigour, world-class faculty and global learning experience with a more flexible delivery model, GEMBA Flex makes it easier for executives to invest in their development without putting their careers or personal responsibilities on hold.

At the same time, organisations are becoming far more intentional about developing diverse leadership pipelines. Many recognise that diverse leadership teams bring broader perspectives, challenge assumptions more effectively and strengthen decision-making in increasingly complex environments. As more organisations invest in developing female leadership talent, we are also seeing more women actively seeking opportunities to broaden their strategic capabilities and global networks.

If more flexible learning models can help make world-class executive education accessible to a broader and more diverse group of leaders, that is something that benefits not only individuals, but also the organisations they lead. We hope GEMBA Flex represents an important step towards broadening access to leadership development at the highest levels.

Does having more women in the room measurably change how organisations lead and decide, or is that more hopeful narrative than proven effect? What does the data tell us?

INSEAD research suggests that the presence of women can change how decisions are made, particularly in governance settings. Studies by INSEAD Professor Guoli Chen found that boards with female directors tend to engage in more thorough and comprehensive discussions, exercise stronger oversight and challenge assumptions more rigorously. The effect appears to stem less from gender itself and more from the fact that diverse groups are less prone to groupthink and are more likely to examine alternatives before reaching consensus.

That said, it might be oversimplifying things to conclude that adding women to leadership automatically improves financial performance. The relationship is more nuanced. Diverse leadership teams can improve the quality of decision-making, governance and risk management, but those benefits do not always translate immediately into higher profits or share prices.

In fact, some INSEAD research uncovered a surprising finding: investors have sometimes reacted negatively to increases in female board representation, even when there is no evidence that board effectiveness suffers. This suggests that market perceptions and biases can distort how gender diversity initiatives are viewed.

Research does not show that women leaders are a cure-all for organisational challenges – but it does show that more diverse leadership teams tend to deliberate differently, ask different questions and reduce the risks that come from homogeneous thinking. In an increasingly complex world, that can be a significant advantage.

Gulf economies are diversifying fast while building leadership talent at pace. What kind of leaders do these markets need most right now — and looking ahead, if the leaders and organisations that keep learning pull away from those that don’t, what does that mean for inequality?

Right now, that combination creates a very specific leadership requirement – and not only technical acumen, but adaptability on a scale.

Right now, the leaders most in demand are those who can operate across systems rather than within silos. That means leaders who are comfortable with uncertainty, capable of making decisions in fast-evolving regulatory and geopolitical environments, and able to bridge public and private sector logics.

In many Gulf economies, transformation is being driven through large national strategies, so leaders also need to be able to align commercial execution with broader state-led ambition.

Looking ahead, one of the more important dynamics is the widening “learning divide” between organisations that invest in development and those that do not. Organisations that prioritise learning build stronger decision-making, greater adaptability and more resilient leadership pipelines. Those that fail to invest will find themselves structurally locked into legacy operating models, even as the external environment shifts around them.

Ultimately, the question is not whether organisations are competitive today, but whether they are building the capacity to stay competitive in five or ten years’ time.

Read: How the UAE is building AI leaders beyond traditional education

Dubai Summer Surprises: Dubai events and offers you can’t miss this week

Top events and attractions to add to your calendar

Gulf Business
Gulf Business

08 July, 2026

Dubai Summer Surprises: Dubai events and offers you can’t miss this week
Image: Supplied

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Dubai Summer Surprises (DSS) is in full swing, bringing another packed week of family entertainment, live music, shopping rewards and limited-time offers across the city. From concerts and immersive experiences to mega prize draws and retail promotions, here are the top events and attractions to add to your calendar.

Modesh World

One of the region’s largest indoor family entertainment destinations, Modesh World returns until 23 August with free entry for all visitors.

The venue features a Fun Zone, Modesh Market and Family Zone, making it an ideal day out for families throughout the summer.

This week, visitors can also take advantage of a 100% Bonus Credits promotion on Tap Play Cards until Sunday, receiving double the credits with every top-up.

In addition, shoppers spending Dhs500 or more at Modesh World can enter the Win Your Home in Dubai raffle by scanning the campaign QR code and uploading their receipt.

Open daily: 10am to midnight

Beat the Heat: Cairokee Live

The fifth season of Beat the Heat begins on 11 July with acclaimed Egyptian rock band Cairokee performing live at Dubai World Trade Centre.

Known for their powerful lyrics and energetic performances, Cairokee remain one of the Arab world’s most influential contemporary bands.

Date: 11 July

Candlelight Concerts at Madinat Jumeirah

Music lovers can experience the popular Candlelight Concerts series at the Majlis Al Salam Ballroom, Mina A’Salam, Madinat Jumeirah on 11 July.

Set against the glow of thousands of candles, the evening will feature two immersive performances in one of Dubai’s most atmospheric venues.

Date: 11 July

K-Pop Demon Hunters Pop-Up

Fans of Korean pop culture can visit the K-Pop Demon Hunters Pop-Up at City Centre Mirdif from 9 to 19 July.

The activation features themed photo opportunities, official merchandise (subject to availability) and an interactive K-Pop Culture Experience Zone.

Dates: 9–19 July

Electronics Flash Sale Weekend

Tech enthusiasts can shop exclusive deals during the Electronics Flash Sale Weekend from 10 to 12 July.

Participating retailers include:

E City
Harman House
Virgin Megastore
My Shops

Expect discounts, bundles and exclusive offers across electronics, gaming, appliances, smartphones and home entertainment products.

Dates: 10–12 July

Win Your Home in Dubai

One of this year’s biggest DSS promotions, Win Your Home in Dubai, gives shoppers the chance to win one of 12 Binghatti Developers residential units, including a grand prize two-bedroom apartment.

Simply spend Dhs500 at participating malls and retailers, then upload your receipt through the campaign portal.

Win an MHERO at Dubai Festival City Mall

Spend Dhs300 or more at participating retailers, restaurants or entertainment venues at Dubai Festival City Mall for a chance to win an MHERO vehicle.

Customers can validate receipts at the Customer Service Desk to enter the prize draw.

Win a Cadillac at Mercato and Town Centre Jumeirah

Shoppers spending Dhs200 or more at Mercato Shopping Mall or Town Centre Jumeirah can enter through the PrivilegePLUS app to win a Cadillac LYRIQ worth more than Dhs300,000.

Participating retailers are also offering discounts of up to 75 per cent during the campaign.

SHARE Millionaire & Cashback

Majid Al Futtaim’s popular SHARE Millionaire promotion returns for DSS.

Spend Dhs300 or more at Mall of the Emirates, City Centre Mirdif and City Centre Deira to enter the draw. Four winners will each receive Dhs100,000.

Campaign runs until: 30 August

Win Skywards Miles this summer

Emirates Skywards members can earn extra rewards throughout DSS.

Customers spending Dhs200 or more with participating Skywards Everyday partners, including Careem and Amazon.ae, can enter a draw to become one of 500 winners receiving 10,000 Skywards Miles each.

First-time shoppers using Skywards Miles Mall and paying with a Visa card can also receive an additional 2,000 bonus Skywards Miles on qualifying purchases.

Ras Al Khaimah to add 25,600 homes by 2030

A Cavendish Maxwell study found that off-plan sales continue to dominate the market, accounting for 85 per cent of residential transactions and generating Dhs11.2bn in sales during 2025

Rajiv Pillai
Rajiv Pillai

08 July, 2026

Ras Al Khaimah to add 25,600 homes by 2030
Image: Supplied

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Ras Al Khaimah is set to add 25,600 new residential units between now and 2030, with apartments accounting for almost all future supply, as population growth, foreign investment and major infrastructure projects continue to reshape the emirate’s real estate market, according to new research from Cavendish Maxwell.

The property consultancy said just 170 homes were delivered during the first quarter of 2026, with a further 1,700 units expected by the end of the year. Delivery activity is forecast to accelerate sharply thereafter, with 23,900 additional homes scheduled for completion between 2027 and 2030. The busiest year is expected to be 2029, when around 9,100 units are due for handover.

Apartments represent 97 per cent of the planned pipeline, reflecting growing demand for higher-density residential developments.

The expansion comes as Ras Al Khaimah’s population is projected to increase from around 450,000 today to 650,000 by 2030, supported by rising investment and business activity.

According to the report, the emirate attracted Dhs39bn in foreign direct investment across 17 projects last year, the highest among the UAE’s emirates. During the first quarter of 2026, economic licence capital also increased 15.5 per cent year-on-year to Dhs11.5 billion.

Yousir Habib, associate director at Cavendish Maxwell Ras Al Khaimah, said: “RAK is undergoing major infrastructure investment in roads, aviation and maritime, strengthening regional connectivity and supporting the emirate’s 2030 economic diversification and competitiveness goals. As a result, the residential real estate sector secured Dhs12.3bn worth of sales across 6,600 transactions last year, when sales prices and rental rates jumped considerably. The market is now undergoing a sustained period of new supply.”

The study found that off-plan sales continue to dominate the market, accounting for 85 per cent of residential transactions and generating Dhs11.2bn in sales during 2025.

More than 40 per cent of the future housing pipeline will be delivered by RAK Properties, Al Hamra Real Estate and Ellington Properties, while Aldar, BNW Developments and Source of Fate Properties are also among the developers contributing to the emirate’s expanding residential market.

Residential prices continued to trend upwards, with apartment sale prices increasing by almost 5 per cent and villa prices rising nearly 4 per cent between October 2025 and March 2026. During the same period, apartment rents climbed by more than 6 per cent, while villa rents increased by 5 per cent.

Infrastructure investment remains a key driver of growth. Road upgrades to the E11 Sheikh Mohammed bin Salem Road and E311 Sheikh Mohammed Bin Zayed Road are expected to reduce travel times between Ras Al Khaimah and Dubai by up to 45 per cent.

Meanwhile, Ras Al Khaimah International Airport is expanding its capacity through a new 30,000-square-metre passenger terminal, a VVIP terminal and an 8,000-square-metre aircraft hangar, supporting its target of handling 3 million passengers annually by 2028. At Saqr Port, a new deep-water multi-purpose terminal is being developed to accommodate Capesize vessels carrying up to 400,000 tonnes of bulk cargo.

The report also highlighted growing momentum in the commercial real estate sector. Office rental rates increased 8.6 per cent year-on-year in the first quarter of 2026 and 5.3 per cent over the six months to March. Future office supply will include 82,000 square metres of Grade A space at RAK Central, while the upcoming Erisha Smart Manufacturing Hub at Al Ghail Industrial Park is planned to span 2.32 million square metres, supporting the emirate’s long-term economic diversification ambitions.

Dates released: When will UAE announce end-of-year school results?

Digital certificates will also be available for printing between 8:00pm and 12:00am on each grade’s respective release day

Nida Sohail
Nida Sohail

08 July, 2026

Dates released: When will UAE announce end-of-year school results?

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The UAE’s Ministry of Education has announced the schedule for the release of end-of-year results for the 2025-2026 academic year, with students across the country set to receive their results over two days beginning on July 12th.

According to a WAM report, Grade 12 students will be the first to receive their results at 10:00am on Sunday, July 12, followed by students in Grades 9 to 11 at 12:00pm.

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The rollout will continue on Monday, July 13, when results for Grades 5 to 8 will be released at 10:00am. Students in Grades 1 to 4 will be able to access their results from 12:00pm the same day.

Read more-Dubai’s KHDA to resume school inspections from 2026-27: What schools, parents need to know

The ministry said students and parents can access results through the student portal from the designated release times. Digital certificates will also be available for printing between 8:00pm and 12:00am on each grade’s respective release day.

Dubai freezes private school fee increases

Separately, parents in Dubai will not face tuition fee increases for the 2026-27 academic year after the emirate’s Knowledge and Human Development Authority (KHDA) confirmed a freeze on private school fee hikes.

The decision follows directives issued under Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, as part of a broader economic support package aimed at easing financial pressures on families and supporting key sectors across the emirate.

The move marks a departure from the previous academic year, when eligible for-profit private schools were permitted to apply for fee increases of up to 2.35 per cent under the Education Cost Index, which is linked to operational costs such as salaries, rent and support services.

Dubai’s latest measures form part of a wider Dh1.5bn economic incentives package, bringing the total value of recent support initiatives to Dh2.5bn. The package includes 33 initiatives that will be introduced over periods ranging from three to 12 months, with education among the sectors receiving targeted support.

Under the measures, KHDA-regulated private schools will receive operational relief through deferred or instalment-based licence renewal fees and deferred fines, while early childhood centres will benefit from exemptions on licence renewal fees, fines and Dubai Municipality market fees.

Policybazaar.ae, Tabby partnership launch flexible payment options across UAE

Policybazaar.ae customers can now convert their insurance premiums into manageable instalments through Tabby, with a four-month payment option available at zero interest and zero processing fees

Nida Sohail
Nida Sohail

08 July, 2026

Policybazaar.ae, Tabby partnership launch flexible payment options across UAE

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Policybazaar.ae, the UAE’s leading insurance marketplace, and Tabby, the region’s foremost financial services app, have announced a strategic partnership designed to transform how UAE residents manage insurance payments. The collaboration introduces flexible payment options for customers purchasing car and health insurance, allowing them to spread premium payments over time without additional costs.

Inspired by the UAE’s long-standing focus on accessibility and connectivity, reflected in landmarks such as Ibn Battuta Mall, which celebrates global journeys and innovation, the partnership represents another step towards making essential services easier to access for residents across the country.

Read more-Policybazaar freezes UAE health insurance costs for up to 5 years

Policybazaar.ae customers can now convert their insurance premiums into manageable instalments through Tabby, with a four-month payment option available at zero interest and zero processing fees. Customers seeking extended flexibility can also select repayment periods of six, eight, or twelve months.

The integration is live on Policybazaar.ae, with Tap Payments serving as the payment infrastructure provider behind the checkout experience. Tap Payments’ checkout infrastructure enables customers to select Tabby at the point of purchase, creating a seamless, secure, and transparent payment journey.

Removing upfront payment barriers for essential insurance coverage

At the centre of the partnership is a shared commitment to improving financial accessibility for UAE consumers. Customers purchasing car or health insurance can divide their premium into four equal monthly payments without any additional charges.

For customers requiring longer repayment timelines, six-, eight-, and twelve-month payment options are also available. The initiative addresses a long-standing challenge in the insurance sector: the need for customers to pay annual premiums upfront.

While insurance remains an essential requirement, large single payments can often influence purchasing decisions and prevent customers from selecting the level of coverage that best meets their needs. By introducing flexible payment solutions at the point of purchase, Policybazaar.ae and Tabby aim to reduce financial pressure and help customers make insurance decisions based on protection requirements rather than immediate affordability.

The four-month No-Cost payment plan allows customers to access comprehensive insurance coverage while avoiding the burden of a large upfront payment.

Industry leaders highlight customer-first approach

Toshita Chauhan, chief business officer, Policybazaar.ae, said, “Insurance decisions should never come down to cash flow. What we kept hearing from our customers was simple: the coverage they wanted was the right choice, but the upfront payment made them hesitate. Customer research showed that upfront annual premiums remain one of the biggest barriers to purchasing comprehensive insurance.”

She added, “Partnering with Tabby lets us remove that hesitation entirely. With a No-Cost payment plan option built directly into the checkout, customers can now choose the plan that truly protects them, not just the plan they can afford to pay for in one go. Our goal is to remove upfront cost as a barrier, allowing customers to choose the cover that best suits their needs rather than what fits their immediate budget.”

Zain Khan, senior director of Business Development, Tabby, said, “We’re seeing households increasingly rely on Tabby for flexibility in managing both discretionary and essential expenses. While insurance is a need for most households, many are often stuck trying to work through the cost when it comes due all at once.”

He added, “Partnering with Policybazaar.ae puts a practical solution at exactly the right moment: customers can now get the cover they actually want, paid over time, rather than settling for less because of timing.”

Strengthening digital insurance access in the UAE

The partnership reflects rising consumer demand for greater flexibility in managing essential expenses while simplifying the insurance purchasing experience. With Tap Payments supporting the checkout infrastructure, Policybazaar.ae and Tabby are enabling a more transparent, flexible, and customer-focused approach to insurance payments.

As digital financial solutions continue to reshape consumer experiences across the UAE, the collaboration highlights the growing importance of flexible payment models in helping residents access essential products and services with greater ease.

Update: Pakistan confirms K2 Airways cargo plane crash off Karachi

K2 Airways confirmed that five crew members were on board the aircraft

Rajiv Pillai
Rajiv Pillai

08 July, 2026

Update: Pakistan confirms K2 Airways cargo plane crash off Karachi
Image: Getty Images

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A K2 Airways cargo aircraft travelling from Sharjah to Karachi has crashed into the Arabian Sea after losing contact with air traffic control, Pakistani authorities have confirmed, triggering a major search and recovery operation and a formal accident investigation.

The Boeing 737-400 freighter, registered AP-BOI, lost contact with Pakistan Air Traffic Control at approximately 9:21pm Pakistan time while operating its scheduled cargo service from Sharjah to Karachi, according to a statement issued by the airline. Pakistani aviation authorities said the aircraft had earlier reported a navigation system issue before communications were lost over the Arabian Sea.

K2 Airways confirmed that five crew members were on board the aircraft:

Mohammad Rizwan Idrees – Pilot in Command
Faisal Mehmood – First Officer
Muhammad Toufique Khan – Load Master
Arif Siddiqui – Engineer
Mohammad Hamid – Engineer

“Search and Rescue operations are being conducted by the concerned organisations,” the airline said, adding that it is fully cooperating with the Pakistan Civil Aviation Authority and other government agencies.

“We continue to pray, earnestly, for the safety of our colleagues,” the statement added.

Pakistan’s Civil Aviation Authority, together with the Pakistan Navy and Air Force, has launched an extensive search operation in the Arabian Sea. Rescue efforts are being supported by naval vessels, surveillance aircraft and merchant ships, although rough monsoon conditions are complicating the operation, Reuters reported.

According to flight tracking data, the 27-year-old Boeing 737-400 cargo aircraft experienced erratic altitude changes before entering a steep descent approximately 155 nautical miles west of Karachi. The cause of the incident has not been determined and authorities have yet to confirm the aircraft’s location.

The fate of the five crew members remains unconfirmed, although authorities fear there are no survivors.

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