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Boeing shares fall nearly 8% after Air India plane crashes

Boeing’s 787 is a newer series of jets with a solid safety record and no fatal crashes

Reuters
Reuters

12 June, 2025

Boeing shares fall nearly 8% after Air India plane crashes
Image: Getty Images

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Shares of planemaker Boeing fell nearly 8 per cent in premarket US trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India’s western city of Ahmedabad.

India’s federal health minister said “many people” were killed in the crash. The plane was headed to Gatwick Airport in the UK, with police officers saying it crashed in a civilian area near the Ahmedabad airport.

Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service. It was not immediately clear what caused the crash. Boeing said in a statement it was aware of initial reports and was working to gather more information.

Boeing’s 787 is a newer series of jets with a solid safety record and no fatal crashes. While battery issues once grounded the fleet, no injuries were reported.

The news comes as the planemaker tries to rebuild trust related to safety in its jets and ramp up production under new Chief Executive Officer Kelly Orthberg.

Boeing’s shares were down about 7.5 per cent at $197.82 in premarket trading. “It’s a knee jerk reaction (to the incident) and there’s revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years,” said Chris Beauchamp, analyst at IG Group.

The case for human-centered storytelling in the digital age

We explore how brands and creators can embrace cutting-edge tools without losing the empathy, nuance, and connection that make stories truly memorable

Abbas Al-Hazeem
Abbas Al-Hazeem

12 June, 2025

The case for human-centered storytelling in the digital age
Image: Supplied

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In an age of AI algorithms, viral TikTok clips, and virtual reality experiences, one truth remains: compelling storytelling runs on human emotion.

Technology is transforming how we create and consume stories often at lightning speed but the heart of a great story still beats with a human pulse.

As businesses and content creators embrace new tech, they face a critical balancing act: leveraging cutting-edge tools to enhance narratives while preserving the emotional core that makes stories meaningful.

The timeless appeal of human connections

Consider the enduring popularity of the TV series Friends. Thirty years after its 1994 debut, audiences around the world including a generation born long after the show ended are still laughing and crying with its cast. The premise was simple (centred around a bunch of friends in New York City), yet its impact was profound. Why? Because embedded in that simple premise was the entirety of human experience – the joys, sad moments, heartache and tragedies.

The characters’ relatable struggles with love, career, and friendship resonated deeply. No amount of high-tech production or flashy effects could replace the genuine camaraderie and emotional honesty that Friends delivered. This example highlights a key point: technology can enhance distribution (from VHS tapes to streaming apps) and fan engagement, but the reason we still binge-watch and quote Friends in 2025 is the human connection at its core.

Short-form content: Speed versus soul

Today’s digital landscape is dominated by short-form content 15-second videos, bite-sized posts, fleeting Stories.

Tech platforms have enabled creators to tell stories in quick, engaging bursts, reaching millions in an instant. Indeed, the rise of TikTok, Instagram Reels, and YouTube Shorts attests to our shrinking attention spans and appetite for snappy content. Billions of these micro- videos are viewed daily, catering to a fast-paced lifestyle and the craving for instant gratification.

Short-form video allows for creative storytelling, showcasing products or services, and building brand awareness within a few seconds. This presents a huge opportunity, and challenge. In a few scrolling seconds, a creator or brand must spark an emotional reaction or deliver a memorable message.

The most successful short-form content isn’t just technically clever; it feels authentic and relatable. A 10-second clip that tells a human story or makes someone feel seen will beat a polished but soulless advertisement. Technology can get your message in front of people faster than ever, but holding their attention requires a human touch. Even in 280 characters or a one-minute video, audiences respond to personal narratives, humor, empathy, and the distinctly human elements that no algorithm can generate on its own.

Storytelling in professional communication

Beyond entertainment, storytelling has become a prized skill in business and leadership. From marketing campaigns to internal memos, professionals are recognising that cold data and corporate jargon don’t inspire people stories do. In fact, storytelling is now seen as essential for engaging all the key audiences a business cares about. In an era of information overload and rapid change, a clear narrative can cut through the noise, connecting with consumers, employees, and even investors on an emotional level. For example, tech leaders driving digital transformation often turn to storytelling to translate complex innovations into relatable visions.

As observed in the market, the power of storytelling is that it creates an emotional connection to otherwise dry facts and figures. Painting a vivid picture of why a change matters and how it will impact people gives purpose to the technical details. Equally important is authenticity: audiences can sense when a message is just corporate-speak. An audience can quickly smell whether a storyteller is being genuine or not due to the “Accessibility” of information these days and the “Awareness” that the “Accessibility” gives.

Whether speaking to colleagues in the office or even with your friends at a coffeehouse, successful communicators blend professionalism with personal sincerity. The digital medium email, video conference, social media may be enabled by technology, but the message must come from real human insight.

Especially in the Gulf’s dynamic business environment, leaders who share stories of vision, challenges, and values tend to rally more trust and loyalty than those who only share spreadsheets.

Immersive tools and the next chapter of storytelling (VR, AI and beyond)

New technologies like virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) are opening exciting frontiers for storytelling. A VR documentary can put viewers inside an experience for instance, walking in someone else’s shoes in a way traditional media never could. This “immersive” quality can blur the line between storyteller and audience.

Industry research finds that VR’s unique ability to merge the audience into the story can evoke emotional responses “much more powerful than any other storytelling medium that has come before”. A well-crafted VR experience, whether a training simulation or a marketing demo, isn’t powerful simply because of 360-degree video or interactivity it’s powerful because it makes the audience feel part of a narrative. Meanwhile, AI is emerging as a tool to generate content, personalize experiences, and aid creators in countless ways.

From algorithms that recommend stories tailored to your interests, to AI assistants that help edit videos or even draft article outlines, these tools can boost efficiency and open up creative possibilities. But here a caution is critical: AI is a supporting actor, not the star. We must remember AI and tech expert Fei- Fei Li’s words: “Artificial intelligence is not a substitute for human intelligence; it is a tool to amplify human creativity and ingenuity.”

In other words, AI can crunch data and suggest patterns, but it takes human imagination to decide what story needs to be told and why it matters.

The World Economic Forum predicts that advances in AI and VR will enable storytellers to craft richer, more immersive narratives than ever before provided we wield these innovations thoughtfully. Even as we venture into virtual worlds and algorithm-assisted storylines, the fundamental ingredients of a resonant story (a meaningful theme, emotional arcs, relatable characters) remain as crucial as ever. Technology may add new layers and dimensions to storytelling, but it shouldn’t strip away the humanity that ultimately makes a story worth experiencing.

In the fast-changing media landscape, the winners will be those who master the art of marrying technology with humanity. Gadgets and algorithms will no doubt keep improving content will be crisper, delivery will be faster, immersion will feel deeper. But the storytellers and brands that stand out will be the ones who use these advancements to amplify human voices, not silence them.

The Gulf region, with its youthful demographics and high digital adoption, is poised to lead in tech-driven media innovation. Yet our cultural heritage of oral storytelling and communal experience reminds us that at its core, storytelling is about human-to-human connection.

The heartwarming friendships in Friends, or the inspiring vision of a leader rallying their company, all go down to emotions and relationships. As we forge ahead into the future of storytelling blending corporate professionalism with creative inspiration let’s ensure that the narrative is always guided by human wisdom, empathy, and imagination.

Technology can light the path, but the human heart will always be the compass. In striking that balance, we not only tell better stories we build lasting connections that no technology can replace.

The writer is the CEO of On The Way Media Agency.

In numbers: Dubai processes over 629,000 travellers during Eid holiday

Dubai International Airport saw 581,527 travellers passed through during the holiday, highlighting its role as one of the world’s busiest international airports

Gulf Business
Gulf Business

12 June, 2025

In numbers: Dubai processes over 629,000 travellers during Eid holiday
Image: Dubai Airports

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Dubai saw a surge in passenger traffic over the Eid al-Adha holiday, with authorities reporting more than 629,000 travellers crossing through its borders. The figures reflect the emirate’s position as a global transit and residence hub.

Major General Talal Al-Shanqeeti, assistant DG of the Air Ports Sector, affirmed that the figures recorded during the Eid holiday reflect Dubai’s steadily growing position as a preferred travel hub for passengers from around the world — thanks to the seamless coordination on the ground and the activation of smart systems across all entry points.

“We have made it a priority to ensure a seamless travel experience through smart gates and artificial intelligence technologies, which have contributed to speeding up procedures and improving the flow of movement.”

He also emphasised that the travel experience has become part of our commitment to enhancing quality of life, in line with the Dubai government’s approach to providing flexible services that meet individuals’ expectations and enhance the readiness of its institutions.

Here’s a breakdown of the movement and what it says about Dubai’s travel readiness:

Total travellers during Eid: Between June 5 and June 8, 629,559 passengers arrived or departed through Dubai’s air, land, and sea ports.

Dubai International Airport led the traffic: 581,527 travellers passed through DXB, highlighting its role as one of the world’s busiest international airports.

Hatta border crossing also saw high activity: 46,863 travellers crossed via the Hatta land port during the holiday period.

Maritime ports handled modest traffic: 1,169 travellers entered or exited through Dubai’s seaports.

The General Directorate of Residency and Foreigners Affairs (GDRFA) credited strategic coordination across the aviation and border sectors for managing the high volume with efficiency.

Sheikh Hamdan backs private sector growth in UAE space industry

Sheikh Hamdan stressed the importance of long-term investment, innovation, and strategic public-private collaboration in cementing the UAE’s position as a global space hub

Gulf Business
Gulf Business

12 June, 2025

Sheikh Hamdan backs private sector growth in UAE space industry
Image: Dubai Media Office

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Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, met with executives from leading UAE-based space startups as part of efforts to expand the country’s private-sector-driven space economy.

Sheikh Hamdan, who also serves as Chairman of the UAE’s Supreme Space Council, stressed the importance of long-term investment, innovation, and strategic public-private collaboration in cementing the UAE’s position as a global space hub.

“The private sector is leading the space scene in the UAE, reaffirming the maturity of national investments that have been established over the past three decades,” Sheikh Hamdan said.

The meeting was part of broader national efforts to support a high-tech, knowledge-driven economy and to position space as a driver of sustainable economic growth.

Executives from several UAE-based companies attended the talks, including specialists in satellite imaging, internet of things (IoT), artificial intelligence, robotics, and space launch systems. Companies present included 4EI, Oryx Space, Marlan Space, Aspire Space Technology, and Aliensense.

Participants shared updates on their commercial strategies, ongoing projects, and plans to expand operations both domestically and internationally. Discussions focused on increasing collaboration with government entities and scaling investment in the country’s fast-growing space sector.

UAE primed to support private sector involvement in space sector

“The UAE has created a flexible regulatory framework and world-class infrastructure that support sustained private investment,” said Dr Hamdullah Mohib, CEO of Marlan Space.

Attendees also praised government initiatives such as the Space Economic Zones Programme, which aims to attract capital, talent, and advanced technology.

The meeting was attended by senior officials including Dr Ahmad Belhoul Al Falasi, Minister of Education and Secretary-General of the Supreme Space Council, alongside startup founders and CEOs from across the UAE.

The UAE has rapidly expanded its presence in the global space sector in recent years through high-profile missions and investments, while increasingly shifting focus toward enabling a commercial ecosystem driven by local entrepreneurs and international partnerships.

EU to remove UAE from AML/CFT ‘high-risk’ list, adds Algeria, Lebanon

The UAE will be delisted alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda

Gulf Business
Gulf Business

12 June, 2025

EU to remove UAE from AML/CFT ‘high-risk’ list, adds Algeria, Lebanon
Image: Getty Images/ For illustrative purposes

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The European Commission has proposed removing the UAE from its list of high-risk countries for money laundering and terrorist financing, while adding Algeria and Lebanon along with eight other jurisdictions, according to a statement published by the commission.

Under the delegated regulation update, which may take effect within a month unless blocked by EU member states or the European Parliament, the UAE will be delisted alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda.

In contrast, Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela will be classified as high-risk jurisdictions subject to enhanced monitoring.

The EU’s high-risk list, established under the Fourth Anti-Money Laundering Directive, identifies third-country jurisdictions with strategic deficiencies in AML/CFT regimes. Inclusion prompts greater scrutiny from EU financial institutions and complicates access to funding.

Significant implications for the UAE and other countries

  • UAE: Having been added to the EU’s list in March 2023, the UAE has undergone extensive reforms, including a national anti-money laundering strategy. Its removal follows its February 2024 exit from the FATF’s “grey list” and is grounded in improvements in legislative oversight, regulatory systems, and enforcement action.

Read: UAE approves new AML, CFT national strategy for 2024-27

  • Algeria: Persistent concerns about corruption and financial misconduct, highlighted by a 2024 Transparency International ranking of 107th globally and high-profile prosecutions — including a five-year jail term in April for a former presidential aide — have underpinned its inclusion.
  • Lebanon: Added amid its prolonged economic and political turmoil, Lebanon’s vulnerabilities include its connection to non-state armed groups.

The commission based its update on FATF’s grey list, bilateral dialogues, on-site reviews, and a thorough technical assessment. It reaffirmed alignment with FATF standards and reiterated the EU’s resolve to protect its internal financial system through global AML/CFT cooperation.

For the changes to become effective, they must undergo a one-month scrutiny period during which the European Parliament or Council can raise objections.

‘If it doesn’t exist, create it,’ Josef Kleindienst on real estate innovation and AI-powered hospitality

Josef Kleindienst reflects on the concept of underwater living, launching AI-powered hospitality, regenerating coral ecosystems and shaping a legacy that is enduring

Neesha Salian
Neesha Salian

12 June, 2025

‘If it doesn’t exist, create it,’ Josef Kleindienst on real estate innovation and AI-powered hospitality
Image: Supplied

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The Kleindienst Group prepares to mark 40 years in 2025. Spearheaded by a belief in building what doesn’t yet exist, the company has reimagined what experiential tourism and climate-conscious living can look like through its flagship $6bn project, The Heart of Europe.

In this interview, the group’s founder and chairman, Josef Kleindienst, reflects on the concept of underwater living, launching AI-powered hospitality, regenerating coral ecosystems — and shaping a legacy that is enduring.

As Kleindienst Group celebrates 40 years this year, how would you describe the company’s evolution?

We started with just two desks and one mindset: if it doesn’t exist, create it.

Four decades later, Kleindienst Group is Dubai’s largest European real estate developer, with a team of more than 1,500 people working across hospitality, tourism, marine engineering, and real estate. From day one, our mission has been to deliver impact – through innovation, sustainability, and long-term vision.

The Heart of Europe is the clearest expression of that ambition: a six-island destination built from the sea up to redefine what luxury hospitality tourism can look like. We were the first developer to successfully deliver a complex, multi-island destination on The World, Dubai – something that has never been done before. That meant solving unprecedented regulatory, engineering, and environmental challenges, often with no blueprint to follow. But we stayed the course. We engineered the seemingly impossible and brought it to life.

Today, we’ve launched voco Monaco Dubai into a thriving destination attracting guests from around the world. We’ve delivered the luxurious Sweden Beach Palace and completed construction on the Nice Hotel. These aren’t just milestones, they’re a living expression of the Kleindienst vision: to create bold, experiential, innovative, and climate-positive communities that deliver world-class experiences.

We didn’t just develop a resort: we delivered a vision, and helped shape a future-forward model for experiential tourism in Dubai.

The Heart of Europe is widely recognised for pioneering concepts like underwater living, climate-controlled streets, and car-free islands. How do you approach innovation, and what’s next in redefining real estate and hospitality in Dubai?

Innovation isn’t just part of our process — it is the foundation of the process. We are driven by a single goal: to create world-class, immersive, and experiential destinations the world hasn’t seen before, and make them real.

That mindset has shaped The Heart of Europe into a $6bn destination defined by firsts; from underwater bedrooms to climate-controlled streets, soon to be launched Snow Plaza, and zero-car islands powered entirely by solar energy. These are not design flourishes; they are engineered experiences, built to challenge the limits of hospitality and fully immerse guests in something extraordinary.

What’s coming next is the region’s first Buddha-Bar Hotel & Floating Villas, a flagship $817m luxury wellness destination that forms part of Honeymoon Island — a concept built around floating villas, coral-rich diving zones, and marine-inspired architecture. It’s a key step in our strategy to lead the next era of restorative, experience-led tourism, aligned with Dubai’s vision for innovation and sustainability.

Sustainability is a core pillar of your development, from solar power to coral regeneration. How are you integrating environmental resilience into your business model, and what does sustainable premium living look like for the next decade?

At Kleindienst Group, sustainability is our foundation. Every element of The Heart of Europe is designed to minimise impact and maximise regeneration, from 100 per cent solar-powered operations and car-free mobility to zero-discharge systems and water recycling rates of over 97 per cent.

But our most ambitious work is happening below the surface.

Through the Coral Institute, we’ve restored over 100,000 coral fragments and built thriving artificial reefs around our islands — creating a self-sustaining marine ecosystem that protects biodiversity and enhances the underwater environment. These reefs are not just conservation tools — they’re destinations in their own right.

Guests can dive straight from their villas into living coral habitats, explore curated dive zones off Honeymoon Island, and witness marine life returning to areas that were once barren. It’s a rare convergence of tourism and restoration, where guests don’t just experience nature, they contribute to it.

This is our model for the future: sustainable, high-performing destinations that offer unforgettable experiences while actively healing the environment.

With AI rapidly transforming the real estate sector, how is the group leveraging technology to enhance operations and the customer journey – including the launch of Olivia, your AI-powered concierge?

We’re not just building real estate. We’re building responsive, intelligent ecosystems.

Olivia, our AI concierge, provides guests, brokers, media and investors with 24/7 real-time access to updates, insights, and on-demand support. But AI’s role goes much deeper. Currently, it enables seamless customer engagement — ensuring every interaction is frictionless and personalised.

Driven by steadfast commitment to innovation, we are advancing towards a future where AI is deeply integrated into our core processes. Moving forward, we plan to leverage AI to enhance project planning and the guest hospitality experience.

What’s your long-term vision for The Heart of Europe – and what advice would you offer to developers looking to balance ambition, impact, and innovation in today’s market?

Dubai’s future is bold, and our job as developers is to help shape it.

The long-term vision for The Heart of Europe is to become a destination in its own right: not just a place to stay, but the reason people travel. A hub of culture, innovation, and hospitality that brings the best of Europe to Dubai.

Every phase is aligned with national strategy, including UAE Tourism Strategy 2031, Dubai’s D33 Economic Agenda, and Centennial 2071, through initiatives like renewable energy integration, coral reef regeneration, smart infrastructure, and long-term tourism investment. Our goal is to create value for all stakeholders and ensure each project is not only commercially viable but future-ready, climate-positive, and experience-led.

To other developers: don’t build for now, build for what’s next. The most successful projects won’t be the biggest, but the ones that deliver legacy environmentally, economically, and culturally. If it doesn’t contribute to the future, it’s just construction.

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