Dubai International Airport (DXB) retained the title of the world's busiest international hub for passengers in 2022 for the ninth year in a row, as long-haul travel demand surged, rankings by the Airports Council International (ACI) show.
London, Amsterdam, Paris and Istanbul followed Dubai as the top-five busiest hubs by international air traffic, the trade association for airports — representing nearly 2,000 airports worldwide — said on Wednesday.
DXB, which does not have a domestic market, more than doubled passenger traffic on the year to 66.1 million last year.
“While we continue to march forward cautiously amidst multiple headwinds that could impact the speed and magnitude of global air traffic recovery, the latest rankings represent an important milestone in reaching pre-pandemic levels,” ACI World's director general Luis Felipe de Oliveira said.
“The reopening of China, the second-largest aviation market after the US, is now expected to bring an overall gain, both domestically and for international travel.”
State-owned operator Dubai Airports projects the number of passengers that will pass through the international hub by the end of this year will reach 78 million, as the UAE prepares to host major international events such as the Dubai Airshow and the Cop28 climate summit.
A full recovery to pre-pandemic levels on a monthly basis could come by the end of this year, or the beginning of 2024, if monthly passenger figures reach 7.5 million, Paul Griffiths, chief executive of Dubai Airports, told The National in February.
Global airlines and airports, emerging from the two-year Covid-19 pandemic that shattered air travel demand, are now facing steep jet fuel bills and mounting pressure to reduce their carbon footprint as they ramp up operations to meet surging travel demand.
Preliminary figures by ACI indicate that with the return of international travel, 2022 global passenger traffic reached close to 7 billion, an increase of 53.5 per cent from 2021, and recovered to 73.8 per cent of 2019 levels.
Hartsfield-Jackson Atlanta International Airport once again topped the rankings by overall passenger traffic last year, returning to the list with a 23.8 per cent year-on-year increase to 93.7 million travellers, ACI data showed.
Dallas/Fort Worth International Airport, Denver International Airport, Chicago's O'Hare International Airport followed Atlanta International Airport and held their positions from 2021.
Of the top 10 airports globally, five are in the US, ACI data showed. The strong performance by US airports was due to a healthy recovery in domestic travel. All five airports in the country have significant domestic passenger traffic shares of between 75 per cent and 95 per cent, ACI said.
Dubai ranked fifth in the list of the world's top 10 busiest airports.
London Heathrow ranked eighth and recorded the biggest jump in the top-10 list. The airport improved its ranking from 54th position as borders reopened in March 2022 after two years of pandemic-induced closures.
Delhi International Airport featured in the top-10 list for the first time, jumping from 13th position in 2021 and 17th in 2019, boosted by India's fast-growing travel market and aviation ambitions.
The rankings were based on the preliminary compilation of 2022 global data from airports around the world and take into account both their domestic and international markets.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
AL%20BOOM
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
More coverage from the Future Forum
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
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BELGIUM%20SQUAD
%3Cp%3EGoalkeepers%3A%20Thibaut%20Courtois%2C%20Simon%20Mignolet%2C%20Koen%20Casteels%0D%3Cbr%3E%0D%3Cbr%3EDefenders%3A%20Jan%20Vertonghen%2C%20Toby%20Alderweireld%2C%20Leander%20Dendoncker%2C%20Zeno%20Debast%2C%20Arthur%20Theate%2C%20Wout%20Faes%0D%3Cbr%3E%0D%3Cbr%3EMidfielders%3A%20Hans%20Vanaken%2C%20Axel%20Witsel%2C%20Youri%20Tielemans%2C%20Amadou%20Onana%2C%20Kevin%20De%20Bruyne%2C%20Yannick%20Carrasco%2C%20Thorgan%20Hazard%2C%20Timothy%20Castagne%2C%20Thomas%20Meunier%0D%3Cbr%3E%0D%3Cbr%3EForwards%3A%20Romelu%20Lukaku%2C%20Michy%20Batshuayi%2C%20Lo%C3%AFs%20Openda%2C%20Charles%20De%20Ketelaere%2C%20Eden%20Hazard%2C%20Jeremy%20Doku%2C%20Dries%20Mertens%2C%20Leandro%20Trossard%3C%2Fp%3E%0A
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
COMPANY%20PROFILE
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