Aviation Abu Dhabi airport reports 67% spike in passenger traffic By Pramod Kumar August 4, 2023, 5:16 AM Abu Dhabi Media Office Total flight movement at Abu Dhabi airport reached 67,835 in the first six months, up 36 percent on a year earlier State-owned Abu Dhabi International Airport has reported solid passenger and cargo growth in the first six months of 2023. The airport, the base of Etihad Airways, handled 10,258,653 passengers in the first half, an increase of 67 percent compared with the same period a year ago. Total flight movement reached 67,835 in the first six months, up 36 percent from 49,919 flights a year earlier. Etihad aims to double fleet and triple passengers to 30m Aquaman makes a splash in Abu Dhabi tourist drive Air Arabia to double fleet to support Abu Dhabi tourism The Abu Dhabi airport currently connects to 114 destinations served by 27 airlines. Mumbai had the highest passenger traffic with 461,081 passengers, followed by London (374,017), Delhi (331,722), Kochi (316,460) and Doha (261,117). Frank McCrorie, chief operations officer at Abu Dhabi Airports, said: “Our passenger traffic figures for the first half of 2023 highlight our extensive efforts to support Abu Dhabi’s increasingly vibrant business, tourism and aviation sectors.” During the first half of 2023, the airport handled 259,461 tonnes of air freight. Cargo is expected to gain momentum as Abu Dhabi strives to emerge as a top air cargo and logistics hub by signing new partnerships. Abu Dhabi International Airport in April welcomed the inaugural flight of SF Express, signalling the start of the global freight company’s regional operations. Dubai International Airport in February registered a 127 percent jump in annual passenger traffic to 66.1 million in 2022. The airport is forecast to welcome 78 million passengers in 2023 as the UAE prepares to host major international events, including the Cop28 climate conference later this year.
Renewable Energy UAE plans $6bn solar energy storage plant The UAE will construct a renewable facility capable of providing energy at scale around the clock. The project – estimated to cost $6 billion – will be developed in partnership between the UAE state-owned renewables company Masdar and the Emirates Water and Electricity Company (Ewec). The new facility will include solar power with the potential […] 3 hours ago
Economy Slow restart predicted for GCC aid to Lebanon A resumption of badly needed GCC financial aid to Lebanon may take time, even though most Gulf countries have given their blessing to the new Lebanese president Joseph Aoun, according to observers. The six nations of the Gulf Cooperation Council were previously among the biggest aid donors and investors in Lebanon, before they cut assistance as […] 2 hours ago
Mining Saudi Arabia grants exploratory rights to six mining sites The Saudi Ministry of Industry and Mineral Resources has allocated mineral exploration rights for six mining sites with a combined size of 890 sq km, according to the Saudi Press Agency. On Tuesday, the ministry announced that mining company Amak has been granted three exploratory concessions in Jabal al Khallah North (98 sq km) and […] 1 hour ago
Banking & Finance Iraq hires EY to explore restructuring of state banks Iraq is considering merging its two largest state banks as part of a restructuring plan prompted by a sharp erosion of their assets over recent years because of accumulating non-performing loans, local media has reported. London-based auditing firm Ernst & Young (EY) is conducting a study on the restructuring of the Rafidain and Rasheed banks […] 1 hour ago