UAE among world leaders for air traffic growth



The UAE was one of the six fastest growing countries for air travel in November, helping it propel the Middle East's passenger volumes well beyond pre-global crisis levels, according to Airports Council International (ACI).

The Emirates joined Russia, India, Egypt, Brazil and South Korea as having the strongest growth, led by Dubai's 16 per cent hike in passenger numbers.

While the results are still being counted, last year will likely post record breaking numbers for air travel, suggesting that airlines have finally banished the ghosts from the global downturn, which forced companies and individuals to curtail travel plans.

"November reporting indicates that 2010 will set a new record for global airport industry traffic with total passenger growth nearing 7 percent for the past 12 months," said Angela Gittens, the director general of ACI, a worldwide association of airports based in Geneva.

Within the Middle East, traffic grew 13 per cent in November, ACI said, underscoring the region's economic recovery.

But cargo volumes have slowed their growth in the Middle East after seeing dramatic gains early last year.

"The hitherto very robustly growing regions Middle East, Latin America and Asia Pacific are in consolidation mode as their freight volumes surged during the reference period at the end of 2009," ACI said. "Growth stagnated in Singapore and Dubai."

Europe and North America have still not matched peak travel volumes recorded before the global downturn, ACI said. However, it added: "Nonetheless, Europe appears to be on track to becoming the largest traffic region in 2010 for the first time ever, moving ahead of the North America market."

igale@thenational.ae

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

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UAE currency: the story behind the money in your pockets
ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test India won by innings and 53 runs at Colombo
  • 3rd Test August 12-16 at Pallekele

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