Over the past five years, traffic at Dubai International Airport has increased by more than 65 per cent. Kamran Jebreili / AP Photo
Over the past five years, traffic at Dubai International Airport has increased by more than 65 per cent. Kamran Jebreili / AP Photo
Over the past five years, traffic at Dubai International Airport has increased by more than 65 per cent. Kamran Jebreili / AP Photo
Over the past five years, traffic at Dubai International Airport has increased by more than 65 per cent. Kamran Jebreili / AP Photo

Dubai International Airport passenger traffic dips in June, up in first half


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Passenger numbers through Dubai International Airport, the world’s largest airport for international travel, dipped in June because of Ramadan but were up 5.8 per cent in the first half, Dubai Airports said.

June numbers were down about 1 per cent to 5.8 million compared to 5.9m a year earlier.

More than 40.5 million passengers travelled through Dubai International airport in the first half, up from 38.3 million in the year-earlier period.

“In July we have seen high volumes, particularly in connecting traffic as vacationers increasingly choose Dubai as an international hub, as well as being a popular destination itself,” said Paul Griffiths, the chief executive of Dubai Airports.

“We’ve had a record first half and the second half is underway with what could be a banner month thanks to the start of the holiday season in July and the week-long break for the Islamic festival of Eid Al Fitr.”

In the first half, top destinations, amounting to 38 per cent in terms of volume, were India with 14 per cent, followed by Saudi Arabia, the United Kingdom, Pakistan and the United States. More flights and freight shipments came through the airport, both up just under 4 per cent compared to last year.

Over the past five years, traffic at the airport has increased by more than 65 per cent from 47.1 million in 2010 to 78 million last year, according to the Airports Council International. The airport was the world’s third-busiest behind Atlanta, Georgia and Beijing, China, with about 78 million passengers. The airport is the world’s largest for international travel.

lgraves@thenational.ae

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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 

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10. Substance and CbC reporting focus

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Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
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Funds raised: $22 million

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