Emirates, the world's biggest long-haul carrier, is investing more than $2 billion to retrofit more than 120 aircraft and improve services in its cabins, starting this year.
The airline is splurging on a major upgrade of cabin interiors, Swiss hospitality training for cabin crew, cinema snacks, updated menus and new vegan choices to take its onboard experience to new heights, it said in a statement on Wednesday.
"While others respond to industry pressures with cost cuts, Emirates is flying against the grain and investing to deliver ever better experiences to our customers," said Sir Tim Clark, the airline's president.
"Through the pandemic we’ve continued to launch new services and initiatives to ensure our customers travel with assurance and ease, including digital initiatives to improve customer experiences on the ground. Now we’re rolling out a series of intensive programmes to take Emirates’ signature inflight experiences to the next level."
During the Dubai Airshow in November 2021, Emirates had said it is retrofitting 105 of its Boeing 777 and Airbus A380 aircraft with premium economy cabins and is considering other upgrades to its 777 business class.
In April, the airline said it is spending about $1.3bn on retrofitting 120 jets from its fleet of Boeing 777 ER and Airbus A380 aircraft because it now plans to keep some planes longer than planned.
Emirates on Wednesday said the most significant part of its $2bn investment is an extensive refurbishment of its aircraft interiors.
Cabins will be retrofitted with new or re-upholstered seats, new panelling, flooring and other cabin features.
The refreshed interiors will be across first, business and economy classes.
Emirates will also install its new premium economy cabins.
After the retrofit, the airline will have 120 aircraft offering premium economy seats ― the only airline in the region offering this cabin class.
With its first aircraft scheduled to enter the Emirates Engineering Centre for retrofitting in November, planning work and trials have already begun, the airline said.
New services including Persian caviar and 'cinema in the sky'
As part of its latest initiatives to improve the onboard experience, Emirates will offer passengers new and improved choices starting from August.
New menus
A team of chefs and a variety of suppliers have been assembled to design and deliver a fine-dining experience in the sky. New menus will be served on select Emirates routes in first class, featuring dishes such as pan-fried salmon, trout with moqueca sauce and creole rice, roasted duck breast with orange thyme jus, steamed broccolini and fondant potatoes. New menus will also be introduced to business and economy on September 1.
Vegan choices
Emirates’ new vegan menu will cater to the growing numbers of customers pursuing this lifestyle. Vegans, or anyone interested in a healthy plant-based meal, can opt for gourmet dishes such as pan-roasted king oyster mushrooms, jackfruit biryani and sliced kohlrabi garnished with burnt orange. Desserts include chocolate truffle cake with hazelnut, pistachio and gold leaf, or green grape tart adorned with candied rose petals, vanilla custard and berry compote topped with yuzu pearls. Vegan dishes are available to pre-order in all cabin classes.
The caviar experience
Emirates’ first class experience has been upped a notch. Passengers can now have unlimited portions of Persian caviar as part of the dine on demand service, paired with Dom Perignon vintage champagne. Emirates is the only airline with an exclusive agreement to offer the luxury brand on board.
Cinema in the sky
First class passengers can order cinema snacks as they browse through the 5,000 channels on Emirates’ ice inflight entertainment system. The cinema snack menu includes lobster rolls, sliders, edamame and salted popcorn, and can be ordered on demand. All passengers can also put together their own ice experience before their flight by browsing and pre-selecting movies or TV shows on the Emirates app, which can then be synced to ice once they board.
Specialised hospitality training for cabin crew
Emirates has partnered with hospitality management school Ecole hôtelière de Lausanne to develop its hospitality strategy and enhance customer experience. Emirates cabin crew have already begun engaging in intensive training programmes.
Farm to fork
Emirates’ customers departing on flights from Dubai can consume fresh greens harvested from Bustanica, the world’s largest vertical farm and newly-opened $40 million joint venture run by Emirates Flight Catering.
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MATCH INFO
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Man of the match: Kevin de Bruyne (Manchester City)
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
Zayed Sustainability Prize
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Castle in the Sky (1986)
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Only Yesterday (1991)
Pom Poki (1994)
The Tale of Princess Kaguya (2013)
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Zayed Sustainability Prize
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The biog
Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
Favourite book: That Is How They Defeat Despair by Salwa Aladian
Favourite Motto: Their happiness is your happiness
Goal: For Nefsy to become his legacy long after he is gon
Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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