Dubai airport passenger traffic rises 6.2% to 34.6 million in the first half despite fewer flights


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Passenger traffic at Dubai International Airport rose 6.2 per cent year-on-year in the first half of 2014 despite a 26 per cent cut in flight capacity between May and July, Dubai Airports said yesterday.

The airport operator, which expects its busiest days on record until Sunday, said 34.6 million passengers used the airport.

“The first half numbers are impressive given the capacity reductions we put in place to allow us to conduct vital upgrades to both runways at our hub,” said Paul Griffiths, the chief executive of Dubai Airports. “However, this slight drag on our usual double-digit growth will be short-lived. The successful completion of the runway refurbishment comes just in time to accommodate the surge in passenger numbers expected with next week’s Eid holiday.”

Dubai International’s two runways became fully operational from Monday.

Ahead of the holiday rush, it has hired extra staff and increased facilities to avoid any possible delays during those days.

Last quarter, Dubai International overtook London Heathrow as the busiest airport in the world, figures from the Airports Council International website show.

Heathrow is due to publish its passenger traffic statistics for the first half of the year today.

“It is a given now that by the end of the first or second quarter of 2015, Dubai International will take the global top spot off London Heathrow as the world’s busiest airport – and stay there for years to come,” said Saj Ahmad, the chief analyst at StrategicAero Research.

“With that in mind, Dubai International looks set to end 2015 by smashing through that coveted 70 million passenger barrier with ease,” he added.

Separately, passenger traffic for June surpassed 5 million for the 18th consecutive month. About 5.06 million passed through the airport, down 8.5 per cent from June 2013.

Region-wise, the strongest growth last month was in the Americas. Passenger traffic to North America grew by 15.3 per cent and to South America by 32 per cent. London remained the busiest city destination in June followed by Kuwait, Mumbai, Doha and Jeddah.

selgazzar@thenational.ae

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Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

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Power: 540hp @ 8,250rpm

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Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

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• Met Donald Trump at the White House and received his backing.

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Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

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iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229

iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649

iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179

Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.

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Price: Dh649,000 (Dh549,000 for GTS) 

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How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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  • Individuals must register on UAE Drone app or website using their UAE Pass
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