Etihad Airways shrugs off tariff turmoil, sees opportunities

The UAE’s capital is investing heavily in sectors like tourism to cut its dependence on oil revenues. File
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Updated 28 April 2025
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Etihad Airways shrugs off tariff turmoil, sees opportunities

DUBAI: Abu Dhabi’s Etihad Airways is not seeing any effects from the turmoil caused by US President Donald Trump’s tariff policies, its CEO Antonoaldo Neves told Reuters on Monday, while adding it was too early to fully gauge the impact of the levies.

Trump’s announcement of sweeping tariffs on dozens of US trading partners this month — and then his pausing of most of them — created widespread market uncertainty and raised fears of a global economic downturn.

Neves said Etihad had recorded strong seat occupancy levels in recent weeks despite the trade tensions, and that the volatility could even create opportunities in some instances.

He expects more Europeans, for example, to take advantage of the euro’s recent gains against the dollar and the Gulf region’s dollar-pegged currencies to travel.

“It means that the euro now is stronger when you compare it to the Middle Eastern currency ... So I expect to see more Europeans coming,” Neves said on the sidelines of the Arabian Travel Market fair in Dubai.

Neves’ comments echo Riyadh Air, which said earlier on Monday that global economic uncertainty had not reduced demand for travel to the Saudi capital.

If tariff-induced turmoil does impact passenger numbers, Neves said Etihad, which has a fleet of around 100 aircraft, had a contingency plan and could rely on its flexibility.

“About 60 percent of our planes are unencumbered, so they’re all fully paid for. If I get a crisis one day, I park planes ... and save 75 percent of the cost,” he said.

At a press conference earlier on Monday, Neves said Etihad planned to add 20 to 22 new planes this year, as it aims to expand its fleet to more than 170 planes by 2030 and boost Abu Dhabi’s economic diversification strategy.

The UAE’s capital is investing heavily in sectors like tourism to cut its dependence on oil revenues, and in 2023 it launched a new terminal at Zayed International Airport that tripled the hub’s annual capacity to 45 million passengers.

Etihad, which is owned by Abu Dhabi’s $225 billion wealth fund ADQ, has been through a multi-year restructuring and management shake-up, but has expanded under Neves.

He said that 10 of this year’s new aircraft would be Airbus A321LRs, which the carrier launched on Monday and will start operating in August. The remainder include six Airbus A350s and four Boeing 787s.

Airlines in recent years have been plagued by delayed plane deliveries as manufacturers like Boeing and Airbus struggled with the pace of orders in a post-pandemic travel boom, among other issues.

Neves, who declined to give specifics on the order pipeline, said he was not happy with the delays but that they were not compromising the airline's growth plans.

Etihad is always in talks with planemakers, he said, when asked whether the carrier could be interested in acquiring some of the dozens of planes that Boeing is looking to resell after they were locked out of China due to tariffs.


Artificial intelligence is transitioning into a ‘digital employee’

Updated 27 February 2026
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Artificial intelligence is transitioning into a ‘digital employee’

  • AI can be an effective tool, business leaders tell Arab News
  • Not about jobs, but ‘convergence of human capital and AI’

RIYADH:  Artificial intelligence is fundamentally reshaping the world of work, transitioning from a supporting tool to an active partner that is radically changing the nature of professions and productivity standards.

Amidst the current global transformations, an active regional digital environment is emerging.

This is being led by Saudi Arabia through Vision 2030 and massive investments in smart infrastructure, providing a living model for studying the implications of this partnership between humans and machines on the future of work in the region.

Arab News spoke to various business leaders about the emerging shape of the sector.

Salem Bagami, co-founder of Metatalent, said the ideal relationship between humans and machines at work should be complementary and collaborative.

Humans would bring creativity, emotional intelligence, and complex decision-making, while machines excel at processing big data and performing repetitive, precise tasks.

He believes that this type of balanced partnership would lead to unprecedented productivity and innovation.

While machines excel at processing big data and performing repetitive, precise tasks, humans would bring creativity, emotional intelligence, and complex decision-making. (Supplied)

Mohammad Al-Jallad, chief technologist and director at HPE, said AI has gone beyond being merely an executive tool to becoming a “digital employee” entrusted with automating routine tasks and providing insights based on data analysis.

He believes that the real opportunity lies not in the debate over job replacement, but in “the convergence of human capital and artificial intelligence.”

AI should augment human teams by taking on menial and routine tasks, enabling employees to focus on critical thinking, creativity, and ethical reasoning, significantly improving operational results.

Bagami also emphasized the complementary nature of this partnership. “The ideal relationship between humans and machines at work is one of collaboration, where each complements the others.”

He explained that humans bring creativity, emotional intelligence, and nuanced decision-making, while machines excel at processing big data and performing repetitive tasks efficiently, leading to increased productivity and innovation.

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Salem Alanazi, chairman of Jathwa Technology Co., notes a significant trend among Saudi Arabia companies toward using AI applications to provide faster services to customers at lower costs.

The emergence of the “virtual employee” available around the clock has eliminated the need for some traditional jobs in specific sectors.

Alanazi warns that some companies’ reluctance to adopt AI may expose them to real risks. “All those who hesitated to benefit from AI applications have a lack of understanding of these technologies.”

He said those who adopt these technologies will be able to offer lower-cost, higher-quality services, which will affect the market position of companies that lag behind.

Ali Aljumhour, CEO of VALUE Consultancy, said that the transition of AI into a partner has reshaped the list of most in-demand skills in the job market.

Skills such as “prompt engineering,” “human-machine integration,” and “digital ethics” are becoming increasingly important.

He added that AI has become an instantly available “technical knowledge base,” shifting the criteria for professional distinction toward those capable of smart interaction with these technologies.

In terms of ethics, transparency, and trust, Alanazi points to the complexities of global AI governance, where legislation overlaps and evolves rapidly to keep pace with potential risks, particularly in the areas of cybersecurity and privacy.

Ali Aljumhour, CEO of VALUE Consultancy. (Supplied)

Al-Jallad emphasizes this crucial dimension, noting that providing responsible and reliable AI solutions that meet the highest standards of transparency is a key priority, especially in regulated sectors.

Bagami believes there should be basic standards for the ethical use of Al, emphasizing the need for transparency, accountability, and fairness, along with using diverse data sets to prevent bias and protect privacy.

He believes that building trust between humans and machines requires clear explanations of how systems work, giving users the opportunity to provide feedback and conducting periodic performance reviews.

On performance evaluation, Aljumhour said: “I expect radical changes in standards, shifting from measuring individual effort to evaluating the quality of the partnership between humans and machines.”

There should be a focus on the quality of inputs provided to intelligent systems, the accuracy of review and modification, and complex decision-making based on outputs.

He warns, however, of new risks that may arise, such as over-reliance on AI or difficulty in determining responsibility for mistakes.

In the employment sector, Aljumhour expects fundamental changes in standards.

There will be questions and tests focusing on measuring skills in dealing with AI, such as asking candidates about their experiences of collaborating with these systems, or testing their ability to formulate effective requests for complex tasks.

Aljumhour identifies significant human challenges in this transition, with “fear, loss of power, and exclusivity of knowledge” being the biggest concerns for experienced employees.