Emirates President Tim Clark to retire from Dubai carrier in June

Emirates Airline President Tim Clark speaks at the Arabian Travel Market in Dubai. (Reuters)
Short Url
Updated 25 December 2019
Follow

Emirates President Tim Clark to retire from Dubai carrier in June

  • Tim Clark, who joined the airline in 1985 when it was first launched, will remain on as an adviser, the company told The Associated Press by email
  • The British aviation industry figure has gained a formidable reputation in the United Arab Emirates

DUBAI: The president of Dubai-based airline Emirates will retire in June after 17 years at the helm of the Middle East’s biggest carrier, the company confirmed Wednesday.

Tim Clark, who joined the airline in 1985 when it was first launched, will remain on as an adviser, the company told The Associated Press by email.
His retirement at the end of June 2020 was first announced by Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum in an internal company memo to employees on Tuesday. No details were given on who will succeed him.

The British aviation industry figure has gained a formidable reputation in the United Arab Emirates. Local media, which reported that Clark turned 70 in November, wrote glowing pieces about his tenure after news broke that he’d be stepping down as president.

The Dubai-based Gulf News described him as the “genius” who has headed the airline since 2003. Abu Dhabi-based The National said he helped take Emirates’ growth “to dizzying heights.” The National noted that when Emirates began operations in 1985, it was leasing planes from Pakistan International Airlines, and now has a fleet of 270 aircraft that fly to 159 cities.

His biography on the airline’s website describes him as “instrumental in the transformation of Emirates into the global giant it is today.”
Emirates has expanded rapidly in the US and elsewhere in recent decades, operating daily flights to major North American cities like New York, Chicago and Los Angeles, among others.

It’s main hub of Dubai International Airport is the world’s busiest for international travel, with more than 89 million arrivals or transits in 2019.
Aviation and tourism are major pillars of Dubai’s economy, and Emirates’ success is key to that. The airline is known for its customer service, comfort and state-of-the-art aircraft.

Emirates’ success and that of smaller rivals Qatar Airways and Abu Dhabi-based Etihad Airways has rattled big US airlines, which accuse the Gulf carriers of receiving billions of dollars of unfair government subsidies. They deny the allegations.


Saudi Arabia opens 3rd round of Exploration Empowerment Program

Updated 01 February 2026
Follow

Saudi Arabia opens 3rd round of Exploration Empowerment Program

RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources, in collaboration with the Ministry of Investment, has opened applications for the third round of the Exploration Empowerment Program, part of ongoing efforts to accelerate mineral exploration in the Kingdom, reduce early-stage investment risks, and attract high-quality investment from local and international mining companies.

The third round of the Exploration Empowerment Program offers a comprehensive support package targeting exploration companies and mineral prospecting license holders.

The initiative aims to lower investment risks for projects and support a faster transition from prospecting to development.

"The program provides coverage of up to 70 percent of the total salaries of Saudi technical staff, such as geologists, during the first two years, increasing to 100 percent thereafter, in line with program requirements.

This support aims to develop talent, build national capabilities in mineral exploration, promote job localization, and facilitate the transfer of geological knowledge.

The application for the third round opened on Jan. 14, allowing participants to benefit from the Kingdom’s attractive investment environment, its stable legal framework, and streamlined regulatory structures, as well as integrated infrastructure that supports the transition from mineral resources to operational mines.

The ministry has set the timeline for the third round, with the application period running from Jan. 14 to March 31.

This will be followed by the evaluation, approval, and signing of agreements from April 1 to May 31, with the eligible projects set to be announced between June 1 and July 31 of the same year.

The program stages include submitting exploration data during the reimbursement and payment phase from Sept. 1 to Nov. 30, followed by technical and financial verification of work programs and approval of the disbursement of support funds in January 2027.

The exploration data will then be published on the National Geological Database in April 2027.

The ministry emphasized that the EEP focuses on supporting the exploration of strategically important minerals with national priority. It also contributes to enhancing geological knowledge by providing up-to-date data that meets international standards, helping investors make informed decisions and supporting the growth of national companies and local supply chains.

The ministry urged companies to apply early to benefit from the program’s third round, which coincided with the fifth edition of the International Mining Conference, which was held from Jan. 13 to 15.