Etihad Airways’ bottomline hiked up 47% y-o-y amid fleet and network push

Etihad Airways’ bottomline soared up 47% y-o-y to AED 2.6 bn in 2025, marking the fourth consecutive year of growth, while its topline surged up 21% y-o-y to AED 30.7 bn. Abu Dhabi’s flagship airline attributes this increase to its fleet and network expansion, uptaking delivery of 29 jets –– bringing its total fleet to 127 aircraft –– and integrating 16 new destinations.

The breakdown: Cargo revenues jumped up 8% y-o-y to AED 4.5 bn, propelled by increased capacity and volumes, as the airline’s total cargo handled was up 9% y-o-y to 700k tonnes. The largest growth catalyst for the carrier’s topline was its passenger segment, generating a 24% y-o-y increase in revenue to AED 25.8 bn, with total passenger volume up 21% y-o-y to 22.4 mn.

What’s next? The airline plans to further expand its network into China, Southeast Asia and Europe, CEO Antonoaldo Neves told Reuters. It also expects to receive some 20 additional aircraft deliveries in 2026, Neves added.

Another phosphate plant is coming Egypt’s way

Fertilizer producer Movingfert is setting up a USD 40 mn phosphate plant in Qena’s Qift Freezone. The 190k sqm project is expected to kick off production this year with a 500k-ton-a-year first phase. Some 80% of output will be exported to European and East Asian markets.

We have a slew of big-ticket phosphate projects coming to Egypt — most recently, China’s Kunming Chuan Jin Nuo Chemical Co.inked an agreement to develop a USD 1 bn phosphate chemical industrial park in Elsewedy’s Sokhna 360 industrial city. This came shortly after a Chinese consortium partnered with multiple local players to build a USD 658 mn phosphoric acid production complex in the New Valley governorate. Furthermore, China’s Asia Potash announced plans for a phosphate fertilizer industrial park in Upper Egypt, carrying a final investment ticket of USD 7-10 bn.

Mosul rail station moves toward reopening after years of war damage

Mosul’s rebuilt rail station is more than 90% complete, with Iraq’s Transport Ministry targeting 1Q 2026 for opening. The project includes a large basement for services, cargo handling, freight lifts, and storage space — which keeps Mosul in the freight story as Iraq pushes to rebuild rail freight capacity north to south. That lines up with the World Bank-backed IREM program approved in June 2025, which targets upgrades on the Umm Qasr-Baghdad-Mosul corridor.

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