Abu Dhabi Duty Free plans to revamp its offering in the main terminal next year, adding new brands and refurbishing some of the stores. Jaime Puebla / The National
Abu Dhabi Duty Free plans to revamp its offering in the main terminal next year, adding new brands and refurbishing some of the stores. Jaime Puebla / The National
Abu Dhabi Duty Free plans to revamp its offering in the main terminal next year, adding new brands and refurbishing some of the stores. Jaime Puebla / The National
Abu Dhabi Duty Free plans to revamp its offering in the main terminal next year, adding new brands and refurbishing some of the stores. Jaime Puebla / The National

A bumper first half for Abu Dhabi Duty Free


Gillian Duncan
  • English
  • Arabic

Abu Dhabi Duty Free registered a rise in revenues of more than 17 per cent in the first half of this year as an increase in passenger traffic and additional retailers brought in soaring sales.

The airport retailer’s revenues reached Dh437.6 million in the period, an increase of more than Dh108 million compared with the same period a year earlier.

The increase was due to a number of factors, not the least of which was Etihad Airways' growing network, according to Abu Dhabi Airports' chief commercial officer, Mohammed Abdullah Al Bulooki.

“When you take into account the [effect] Etihad Airways is having, the new partners it’s signing up with, the new airlines themselves which are flying to Abu Dhabi like Kenya Airways, and I hope this year we will announce some more airlines coming to Abu Dhabi,” he said.

Duty-free retailers are also among the first to release new products, making them popular among travellers.

“Whether it’s confectionary, fragrance or any other categories, there are a lot of exclusives that people want to buy,” said Mr Al Bulooki.

Other factors included a growth in spending per passenger, which rose 2.1 per cent compared with the same period a year previously, plus the opening of the new Emporio Armani boutique and expansion of the Burberry store in Terminal 3.

The airport retailer plans to revamp the duty free offering in the main terminal next year, adding new brands and refurbishing some of the stores.

“There is a very good plan coming up in the future but until everything is solid I cannot talk about it. But I can promise that [in the first and second quarters] next year there will be a lot of new products and new brands coming into the airport, as well as some refurbishment of some of the shops which will add space as well as consumer choice,” said Mr Al Bulooki.

“We sell anything from a tin of Nido powder milk all the way up to a Hermès bag. The airport serves the Abu Dhabi community, whether it is blue collar, grey collar or white collar executive management. We serve the community, so we will be launching things that will serve both.”

The airport’s Midfield Terminal, which is scheduled to open in 2017, promises to offer a “duty free experience to be proud of”, said Mr Al Bulooki. “It will be something that is available in some places around the world but very few.”

The new terminal will include 28,000 square metres of retail space and have a capacity to handle up to 30 million passengers a year.

Last year travellers passing through Abu Dhabi spent a record Dh809.5 million on gifts, cigarettes, perfume and many other duty-free items – a rise of more than 24 per cent.

Where to submit a sample

Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 258hp from 5,000-6,500rpm

Torque: 400Nm from 1,550-4,000rpm

Transmission: Eight-speed auto

Fuel consumption: 6.1L/100km

Price: from Dh362,500

On sale: now

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

Leading all-time NBA scorers

Kareem Abdul-Jabbar 38,387
Karl Malone 36,928
Kobe Bryant 33,643
Michael Jordan 32,292
LeBron James 31,425
Wilt Chamberlain 31,419

The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

ANALYSTS’ TOP PICKS OF SAUDI BANKS IN 2019

Analyst: Aqib Mehboob of Saudi Fransi Capital

Top pick: National Commercial Bank

Reason: It will be at the forefront of project financing for government-led projects

 

Analyst: Shabbir Malik of EFG-Hermes

Top pick: Al Rajhi Bank

Reason: Defensive balance sheet, well positioned in retail segment and positively geared for rising rates

 

Analyst: Chiradeep Ghosh of Sico Bank

Top pick: Arab National Bank

Reason: Attractive valuation and good growth potential in terms of both balance sheet and dividends

Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

UAE currency: the story behind the money in your pockets
SPECS
%3Cp%3EEngine%3A%20Twin-turbocharged%204-litre%20V8%3Cbr%3EPower%3A%20625%20bhp%3Cbr%3ETorque%3A%20630Nm%3Cbr%3EOn%20sale%3A%20Now%3Cbr%3EPrice%3A%20From%20Dh974%2C011%3C%2Fp%3E%0A