Passage 2
Major investment is going into the Dubai-based Emirates airline, which added four new destinations last summer—Rome, Zurich, Paris and Jakarta—and on 14 April started operations to Dhahran, its 31st destination. 【Emirates】 now employs al

Passage 2
Major investment is going into the Dubai-based Emirates airline, which added four new destinations last summer—Rome, Zurich, Paris and Jakarta—and on 14 April started operations to Dhahran, its 31st destination. 【Emirates】 now employs almost 3,500 staff, making it one of Dubai’s largest employers.
Soon, $2,000 million in financing will have to be arranged for the next phase of development, which will cover deliveries from 1996 to 2000. Firm orders have been placed for seven Boeing 777s with Rolls Royce engines and there is an option on a further seven.
40.What does the underlined word “Emirates” stand for here?

the Emipates airline.