Etihad is gearing up for a busy summer with more than 2.7 million travellers set to fly in and out of Abu Dhabi this season. Photo: Etihad
Etihad is gearing up for a busy summer with more than 2.7 million travellers set to fly in and out of Abu Dhabi this season. Photo: Etihad
Etihad is gearing up for a busy summer with more than 2.7 million travellers set to fly in and out of Abu Dhabi this season. Photo: Etihad
Etihad is gearing up for a busy summer with more than 2.7 million travellers set to fly in and out of Abu Dhabi this season. Photo: Etihad

Etihad Airways gears up for summer with more than 2.7 million people to fly via Abu Dhabi


Hayley Skirka
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Etihad Airways is gearing up for a busy summer, with more than 2.7 million passengers expected to fly with the airline in June, July and August.

More than 1.4 million passengers will depart Abu Dhabi International Airport during this peak travel period following a surge in demand for travel. The airline is responding by operating more than 1,100 weekly departures to 67 destinations across its network.

“As travel rebounds from the impact of the global pandemic, Etihad has witnessed a vast increase in bookings over recent weeks. With summer holidays upon us and to manage the increase in passenger numbers, Etihad has bolstered operations both locally and across our global network to ensure guests enjoy a seamless airport and flight experience,” said Mohammad Al Bulooki, chief operating officer at Etihad Aviation Group.

The airline is working closely with Abu Dhabi International Airport to ensure smooth operations during the busy period and travellers are advised to use Etihad’s Verified to Fly Service in advance.

This will allow passengers to submit any Covid-19-related documents — such as vaccine certificates — ahead of flights for prior approval, speeding things up during the check-in process.

Travellers should also check in online and arrive at the airport early to ensure they have enough time to complete security checks and reach their gate before they close 20 minutes before flight departure times.

The national airline of the UAE has upped its summer flight schedule, with five seasonal destinations added to the network including Nice, France; the historic city of Heraklion in Crete and the Spanish port city of Malaga. The Greek isle of Santorini and tropical Zanzibar are also now included. It has also resumed passenger flights from Abu Dhabi to Beijing in China.

Etihad recently slashed carry-on baggage allowance to 7 kilograms for travellers as the airline prepared “for a high number of guests on all flights.”

Seven new destinations for UAE travellers this summer — in pictures

  • Tivat in the Bay of Kotor, Montenegro, is one of 10 new destinations that flydubai has added to its network this summer. Getty Images
    Tivat in the Bay of Kotor, Montenegro, is one of 10 new destinations that flydubai has added to its network this summer. Getty Images
  • A Unesco World Heritage site, the Bay of Kotor is the largest natural harbour in the eastern Mediterranean. Photo: Google
    A Unesco World Heritage site, the Bay of Kotor is the largest natural harbour in the eastern Mediterranean. Photo: Google
  • Flydubai will fly directly to Pisa in Italy from June. Photo: Andrae Ricketts / Unsplash
    Flydubai will fly directly to Pisa in Italy from June. Photo: Andrae Ricketts / Unsplash
  • Pisa's famous Leaning Tower. Photo: Joe Planas / Unsplash
    Pisa's famous Leaning Tower. Photo: Joe Planas / Unsplash
  • Flydubai will operate three weekly flights to Catania in Sicily. Photo: Tomas Anton Escobar / Unsplash
    Flydubai will operate three weekly flights to Catania in Sicily. Photo: Tomas Anton Escobar / Unsplash
  • Catania sits at the foot of Mount Etna. Photo: Samir Kharrat / Unsplash
    Catania sits at the foot of Mount Etna. Photo: Samir Kharrat / Unsplash
  • Etihad will launch flights to Crete in Greece on June 15. Photo: Alessandra Caretto / Unsplash
    Etihad will launch flights to Crete in Greece on June 15. Photo: Alessandra Caretto / Unsplash
  • Crete offers an island escape in the Aegean Sea. Photo: Stepan Unar / Unsplash
    Crete offers an island escape in the Aegean Sea. Photo: Stepan Unar / Unsplash
  • Etihad is introducing a new seasonal flight to Nice, France, on June 15. Photo: Paul Rysz / Unsplash
    Etihad is introducing a new seasonal flight to Nice, France, on June 15. Photo: Paul Rysz / Unsplash
  • Nice is the quintessential French Riviera resort town. Photo: Nick Karvounis / Unsplash
    Nice is the quintessential French Riviera resort town. Photo: Nick Karvounis / Unsplash
  • France’s Cote d'Azur is dotted with private beaches, high-end restaurants and five-star hotels. Photo: John Jason / Unsplash
    France’s Cote d'Azur is dotted with private beaches, high-end restaurants and five-star hotels. Photo: John Jason / Unsplash
  • Wizz Air Abu Dhabi has launched flights to Mattala in Sri Lanka. Photo: Vitalii Tkachenko / Unsplash
    Wizz Air Abu Dhabi has launched flights to Mattala in Sri Lanka. Photo: Vitalii Tkachenko / Unsplash
  • Shangri-La's Hambantota Resort & Spa in Sri Lanka. Photo: Shangri-La
    Shangri-La's Hambantota Resort & Spa in Sri Lanka. Photo: Shangri-La
  • Mattala Rajapaksa International Airport opened in 2013. Photo: WikiCommons
    Mattala Rajapaksa International Airport opened in 2013. Photo: WikiCommons
  • Emirates has restarted flights to Bali after a two-year hiatus. Photo: Irfan Maulidi
    Emirates has restarted flights to Bali after a two-year hiatus. Photo: Irfan Maulidi
  • Jumeirah Bali is a new all-villa resort. Photo: Jumeirah Bali
    Jumeirah Bali is a new all-villa resort. Photo: Jumeirah Bali
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More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

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Hometown: Cologne, Germany

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Favourite hobby: Football

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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.”

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Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

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Profile Periscope Media

Founder: Smeetha Ghosh, one co-founder (anonymous)

Launch year: 2020

Employees: four – plans to add another 10 by July 2021

Financing stage: $250,000 bootstrap funding, approaching VC firms this year

Investors: Co-founders

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Updated: June 29, 2022, 1:57 PM