The United Arab Emirates Group revealed on the 5th that due to regional wars and high oil prices, its profit after tax for the first half of the fiscal year from April to September was 3.6 billion UAE dirhams, down 66% from the previous year. The Emirates Group is headquartered in Dubai, and its subsidiary Emirates is the largest airline in the Middle East. The US-Israel conflict that broke out at the end of February caused shipping in the Strait of Hormuz to be blocked, triggering a sharp rise in energy prices. Affected by high oil prices, Emirates' revenue for the first half of the fiscal year was 56.9 billion dirhams, down 13% year on year; profit before tax was 3.7 billion dirhams, down 68% year on year.

The United Arab Emirates Group revealed on the 5th that due to regional wars and high oil prices, its profit after tax for the first half of the fiscal year from April to September was 3.6 billion UAE dirhams, down 66% from the previous year. The Emirates Group is headquartered in Dubai, and its subsidiary Emirates is the largest airline in the Middle East. The US-Israel conflict that broke out at the end of February caused shipping in the Strait of Hormuz to be blocked, triggering a sharp rise in energy prices. Affected by high oil prices, Emirates' revenue for the first half of the fiscal year was 56.9 billion dirhams, down 13% year on year; profit before tax was 3.7 billion dirhams, down 68% year on year.