• Protective barriers have been installed at Dubai International Airport at each check-in desk and immigration counter to provide additional safety reassurance to passengers and employees during interaction over the counter. Courtesy Emirates
    Protective barriers have been installed at Dubai International Airport at each check-in desk and immigration counter to provide additional safety reassurance to passengers and employees during interaction over the counter. Courtesy Emirates
  • Emirates, the world's biggest long-haul airline, is adding more flights to its schedule. Bloomberg
    Emirates, the world's biggest long-haul airline, is adding more flights to its schedule. Bloomberg
  • Selected regular passenger flights are now operating out of Dubai's Terminal 3. Alamy
    Selected regular passenger flights are now operating out of Dubai's Terminal 3. Alamy
  • Social distancing measures in place at Terminal 3, Dubai International Airport. Courtesy Emirates
    Social distancing measures in place at Terminal 3, Dubai International Airport. Courtesy Emirates
  • A man is seen through a thermal camera at Dubai International Airport on April 27, 2020, when repatriation flights were the only passenger options. Reuters
    A man is seen through a thermal camera at Dubai International Airport on April 27, 2020, when repatriation flights were the only passenger options. Reuters
  • A passenger walks through Dubai International Airport on April 27, 2020, when repatriation flights only were running. Reuters
    A passenger walks through Dubai International Airport on April 27, 2020, when repatriation flights only were running. Reuters

A gradual recovery: the skies are coming back to life as air travel restrictions ease


Ian Oxborrow
  • English
  • Arabic

Air traffic has been obliterated in recent months, as countries placed restrictions on movement amid the coronavirus pandemic.

But the skies are slowly coming back to life, as shown by new data from flight tracker Flightradar24.

The level of traffic is still substantially below that of this time last year – 48 per cent lower than on June 1, 2019, according to Flightradar24 (see tweet below). However, the number of flights is gradually growing as lockdowns are eased around the world.

The most significant differences in volume of flights can be seen over the Atlantic Ocean, between the US and Europe, plus the east coast of South America.

Traffic has also clearly dwindled over India and the Middle East – including the UAE, where all flights were grounded on March 1 and are slowly being reintroduced.

February to June: a different world

Further statistics from FlightRadar has shown how far the level of air traffic dropped off – and how it is gradually returning.

On February 28, 109,732 commercial flights were tracked across the globe – the highest level during the period February 3 to June 1. This included passenger, cargo, charter and some business jet flights.

By April 12, the number of commercial flights had plummeted to only 23,962. Towards the end of April, this number was beginning to rise, and was at more than 34,000 by May 8, 38,000 by May 20 and above 40,000 on May 29.

Daily flights tracked by Flightradar24.
Daily flights tracked by Flightradar24.

What's the flight situation in the UAE?

Emirates started resuming regular passenger flights to eight countries on Thursday, May 21, just before the Eid Al Fitr holiday. They were the first regular, non-repatriation flights out of Dubai since March 24.

The airline is currently flying from Dubai to London Heathrow, Frankfurt, Paris, Milan, Madrid, Chicago and Toronto, with a schedule in place until Tuesday, June 30. There are also flights to Sydney and Melbourne.

The airline has opened bookings for flights to 12 Arab countries, with the routes from Dubai resuming from July.

Etihad Airways is operating inbound flights from 16 destinations to Abu Dhabi, with services operating until Monday, June 15. The national airline for the UAE is also operating additional special passenger flights from Abu Dhabi to 17 destinations.

Passengers are currently required to apply for approval to return to the UAE.

______________

Antonov AN-225: 'beast of the skies' delivering vital medical supplies

  • An Antonov AN225 aircraft carrying medical supplies arrives in Toronto, on Saturday, May 30, 2020. The Canadian Press via AP
    An Antonov AN225 aircraft carrying medical supplies arrives in Toronto, on Saturday, May 30, 2020. The Canadian Press via AP
  • An Antonov An-225 aircraft carrying medical supplies arrives in Toronto on Saturday, May 30, 2020. The Canadian Press via AP
    An Antonov An-225 aircraft carrying medical supplies arrives in Toronto on Saturday, May 30, 2020. The Canadian Press via AP
  • Workers unload a shipment of medical supplies from an Antonov AN-225 Mriya aircraft at Toronto Pearson International Airport. Bloomberg
    Workers unload a shipment of medical supplies from an Antonov AN-225 Mriya aircraft at Toronto Pearson International Airport. Bloomberg
  • Workers unload a shipment of medical supplies. Bloomberg
    Workers unload a shipment of medical supplies. Bloomberg
  • A worker unloads a shipment of medical supplies. Bloomberg
    A worker unloads a shipment of medical supplies. Bloomberg
  • People watch as the Antonov AN-225 Mriya aircraft lands. Bloomberg
    People watch as the Antonov AN-225 Mriya aircraft lands. Bloomberg
  • Nothing matches the AN-225 when it comes to handling outsize and exceptionally heavy payloads. Bloomberg
    Nothing matches the AN-225 when it comes to handling outsize and exceptionally heavy payloads. Bloomberg
  • "In moving large supplies of emergency equipment, military needs and other machinery, the AN-225 is unbeatable." Bloomberg
    "In moving large supplies of emergency equipment, military needs and other machinery, the AN-225 is unbeatable." Bloomberg
  • Workers unload a shipment of medical supplies from an Antonov AN-225 Mriya aircraft at Toronto Pearson International Airport in Toronto, Ontario, Canada, on Saturday, May 30, 2020. Bloomberg
    Workers unload a shipment of medical supplies from an Antonov AN-225 Mriya aircraft at Toronto Pearson International Airport in Toronto, Ontario, Canada, on Saturday, May 30, 2020. Bloomberg
  • The beast of the skies lands in Canada. In the past week it has flown from Montreal in eastern Canada to Anchorage in the US state of Alaska before taking off for an 11-hour flight to Tianjin, China. Bloomberg
    The beast of the skies lands in Canada. In the past week it has flown from Montreal in eastern Canada to Anchorage in the US state of Alaska before taking off for an 11-hour flight to Tianjin, China. Bloomberg
  • While the aircraft is playing an important role during the pandemic, it is unlikely more will be made given its infrequent use at other times. Bloomberg
    While the aircraft is playing an important role during the pandemic, it is unlikely more will be made given its infrequent use at other times. Bloomberg
  • People watch as the Antonov AN-225 Mriya aircraft lands in Toronto. Bloomberg
    People watch as the Antonov AN-225 Mriya aircraft lands in Toronto. Bloomberg
  • Three engines are seen on the wing of the Antonov AN-225 Mriya aircraft. Bloomberg
    Three engines are seen on the wing of the Antonov AN-225 Mriya aircraft. Bloomberg
  • The Mriya (which means "dream" in Ukrainian) entered commercial service in 2001 and was originally developed to transport the Energiya carrier-rocket and Buran space shuttle. Bloomberg
    The Mriya (which means "dream" in Ukrainian) entered commercial service in 2001 and was originally developed to transport the Energiya carrier-rocket and Buran space shuttle. Bloomberg
  • It is scheduled to continue flying until at least 2033. Bloomberg
    It is scheduled to continue flying until at least 2033. Bloomberg
  • It's statistics include a maximum payload of 250,000kg, a wingspan of 88m and total length of 84m. That means you can even slot a helicopter or haulage lorry inside.
    It's statistics include a maximum payload of 250,000kg, a wingspan of 88m and total length of 84m. That means you can even slot a helicopter or haulage lorry inside.
  • The next biggest commercial airliner is the Boeing 747-8F, which handles up to 150 tonnes. Bloomberg
    The next biggest commercial airliner is the Boeing 747-8F, which handles up to 150 tonnes. Bloomberg
What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

match info

Manchester United 3 (Martial 7', 44', 74')

Sheffield United 0

Where to submit a sample

Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain

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Romelu Lukaku's goalscoring statistics in the Premier League 
Season/club/appearances (substitute)/goals

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2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
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Ain Issa camp:
  • Established in 2016
  • Houses 13,309 people, 2,092 families, 62 per cent children
  • Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
  • Most from Deir Ezzor and Raqqa
  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region