Terminal 3 departures at Dubai International Airport. Air cargo volumes at Dubai International Airport showed more resilience, growing 3.2 per cent to 550,811 tonnes during the first three months of 2021. Courtesy Dubai Airports.
Terminal 3 departures at Dubai International Airport. Air cargo volumes at Dubai International Airport showed more resilience, growing 3.2 per cent to 550,811 tonnes during the first three months of 2021. Courtesy Dubai Airports.
Terminal 3 departures at Dubai International Airport. Air cargo volumes at Dubai International Airport showed more resilience, growing 3.2 per cent to 550,811 tonnes during the first three months of 2021. Courtesy Dubai Airports.
Terminal 3 departures at Dubai International Airport. Air cargo volumes at Dubai International Airport showed more resilience, growing 3.2 per cent to 550,811 tonnes during the first three months of 2

Dubai International Airport's Q1 passenger traffic slips but cargo volumes rise


Deena Kamel
  • English
  • Arabic

Dubai International Airport's first-quarter passenger traffic dropped 67.8 per cent to 5.75 million compared to the same quarter a year ago, which was "largely unaffected" by the Covid-19 pandemic, its operator said.

The year-on-year contraction came as the suspension of operations by airlines and airports worldwide to stem the spread of the pandemic only began at the end of March, Dubai Airports said in a statement on Wednesday.

"Whilst passenger numbers for the first quarter remained significantly below the monthly volumes we handled before March 2020, in the context of the current global situation they are very encouraging and reflect the consolidation phase in our business recovery," Paul Griffiths, chief executive of Dubai Airports, said.

Overall, passenger traffic at the world's airports declined 64.6 per cent and by 45.7 per cent at the world's top 10 busiest airports in 2020 due to the impact of the pandemic, according to Airports Council International (ACI). China's Guangzhou Bai Yun International Airport emerged as the world's busiest airport last year, knocking Atlanta Hartsfield-Jackson International Airport to second place. Hubs in six Chinese cities were among the top 10 based on passenger traffic.

Dubai – along with the main airports in Los Angeles, Tokyo, Chicago, London and Paris – fell out of the top 10 rankings for total passengers in 2020, but it ranked first for international passenger numbers.

Out of the 5.75 million passengers in the first quarter, Dubai International handled more than two million of these in March, the operator said.

India, which is traditionally a strong market for the UAE, remained Dubai International's top destination country with traffic in the first quarter reaching 1.3 million – driven by top city destinations New Delhi and Mumbai. It was followed by Pakistan, Bangladesh and Russia. Other destination countries of note include Egypt and Turkey.

The top three cities were New Delhi, Dhaka and Addis Ababa.

Air cargo volumes showed more resilience than passenger traffic during the pandemic, growing 3.2 per cent to 550,811 tonnes during the first three months of 2021, Dubai Airports said.

By the end of the first quarter of this year, 74 per cent of the airlines flying into Dubai airport served 63 per cent of the destinations compared to before the Covid-19 pandemic, it said.

"Despite the ongoing challenges to air travel as the world continues to battle against the impact of the global pandemic, as an important hub, DXB will continue to play its role of enabling mobility and connectivity and contribute to the much needed social and economic recovery globally," Mr Griffiths said.

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Sui Dhaaga: Made in India

Director: Sharat Katariya

Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

3.5/5

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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SUZUME
%3Cp%3EDirector%3A%20Makoto%20Shinkai%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Nanoka%20Hara%2C%20Hokuto%20Matsumura%2C%20Eri%20Fukatsu%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
'Downton Abbey: A New Era'

Director: Simon Curtis

 

Cast: Hugh Bonneville, Elizabeth McGovern, Maggie Smith, Michelle Dockery, Laura Carmichael, Jim Carter and Phyllis Logan

 

Rating: 4/5

 
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