THE MIDDLE EAST’S
68. Air Arabia
Country: U.A.E.
Sector: Aviation
CEO: Adel Al Ali
Market Value: $6.3 billion
Air Arabia operates a fleet of 90 Airbus A320 and A321 aircraft across the Middle East, Africa, Asia, and Europe. In 2025, the airline added 30 new routes, while passenger traffic rose 16%, to 21.8 million passengers carried across hubs in the UAE, Morocco, Egypt, and Pakistan. As of 2025, Air Arabia reported $4.8 billion in total assets and $2.1 billion in revenue.