The number of visitors to Dubai is expected to exceed pre-pandemic levels in the remaining few weeks of 2021 during the peak holiday travel period, in a further sign of the airport's and tourism industry's continued recovery.
Dubai International Airport (DXB)'s Terminal 3 is expected to handle more than 1.6 million passengers in the second half of December during the month's peak seasonal travel period, operator Dubai Airports said in a statement on Monday.
Visitors to Dubai exceeded 1 million during the month of October and DXB handled 1 million passengers per week in November, with origin-destination passengers reaching 94 per cent of pre-pandemic levels.
“The number of visitors to Dubai is likely to exceed pre-pandemic levels during the final few weeks of the year, which is an excellent milestone on our journey towards full recovery,” Paul Griffiths, chief executive of Dubai Airports, said.
“We took early steps to implement best-in-class hygiene and health protocols, fast track PCR testing facilities, and enhanced customer service and guest support resources to ensure the comfort, convenience and safety of travellers — and this has resulted in a strong recovery towards pre-pandemic levels of passengers.”
Following the reopening of the final phase of Concourse A at Terminal 3 in DXB, the world's busiest airport by international traffic is now operating at its full capacity.
“Reaching the point where 100 per cent of our facilities are now open and serving customers, plus the huge resurgence in passengers arriving into Dubai marks an important milestone for the aviation sector as well as for the city of Dubai and its economic growth,” Mr Griffiths said.
Emirates Airline, the main airline customer at DXB, has restored 90 per cent of its network and is on track to reach 70 per cent of its pre-Covid-19 capacity by the end of 2021.
Dubai Airports raised its forecast for annual passenger traffic this year by an additional two million, anticipating the influx of travellers at Dubai International Airport (DXB) will reach 28.7 million as travel restrictions in key markets start to ease.
It is projecting 57 million annual passengers for next year.
“The rate of recovery of DXB has exceeded most other airports of comparable size and highlights the positive international reputation that Dubai has as an attractive city that has taken decisive steps to protect its visitors and residents,” Mr Griffiths said.
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How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
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Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
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Size: 150 employees
Investment: approximately $8 million
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World Cup qualifier
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UAE 1 (Mabkhout 45 2')
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Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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