AviLease reports strong 2025 results
AviLease, a Riyadh-based aircraft leasing company, reported strong financial results for 2025, reflecting continued growth of its global platform.
The company recorded total revenues of $664 million, representing a 19 per cent year-on-year increase, while pre-tax earnings doubled to $122 million.
During the year, AviLease expanded its portfolio to 202 owned and managed aircraft, leased to more than 50 airlines across over 30 countries, with total assets valued at $9.3 billion and 100 per cent fleet utilisation.
The company also placed new aircraft orders with Airbus and Boeing to support future growth and demand for fuel-efficient aircraft.
AviLease strengthened its financial position with investment-grade ratings from Moody’s (Baa2) and Fitch (BBB) and issued $850 million in senior unsecured notes.
The company also supported the launch of Riyadh Air through a Boeing 787-9 sale-and-leaseback agreement.
AKCEL to develop golf entertainment venues
AKCEL Holding, a Dubai-based diversified conglomerate, has signed a strategic agreement with XRange Golf Entertainment to develop a network of next-generation golf entertainment venues across the UAE in a project valued at more than Dh1 billion ($272.2 million).
The venues will combine technology-enabled driving ranges, digital gaming, hospitality, dining and social experiences designed for residents, tourists and corporate audiences. Initial development opportunities are being explored in Dubai, Abu Dhabi and Ras Al Khaimah, with additional locations expected as the platform expands.
The project will be supported by the AKCEL Growth Fund, an investment platform within the Dubai International Financial Centre ecosystem, with development led by AKCEL Realty.
The partnership also includes plans for international expansion, beginning with India and targeting other high-growth tourism markets as XRange develops into a scalable global entertainment brand.
Travellers still prefer human advice over AI
Despite the growing use of generative AI in travel planning, 60 per cent of travellers still prefer human-curated recommendations and verified information, according to a survey of more than 7,000 users by Civitatis, a global marketplace for guided tours and excursions.
The study found that nearly half of travellers using AI encountered incorrect or outdated information, particularly related to opening hours, prices and availability.
While AI is often used for travel inspiration, itinerary ideas and destination research, travellers verify recommendations through search engines or trusted platforms before decisions.
More than 60 per cent of respondents said they do not rely on AI tools for planning trips, citing preference for personal itinerary design and limited familiarity with the technology.
Civitatis launched a “Travel is Human” campaign highlighting the importance of human expertise and verified travel experiences.
Dubai Healthcare sector sees strong growth
Dubai’s healthcare sector recorded strong growth in 2025, reinforcing the Emirate’s ambition to become a global hub for advanced healthcare, according to Dubai Health Authority (DHA) statistics.
The number of licensed healthcare facilities rose to about 5,800 in 2025, compared with 5,340 in 2024, representing growth of more than 8 per cent. These include 55 hospitals, specialised clinics, day-surgery centres, dental and medical clinics, home healthcare centres and alternative medicine facilities.
DHA officials said the expansion reflects Dubai’s ability to attract global medical talent, strengthening its position as a leading destination for health tourism and quality healthcare services.