Dubai International Airport has returned to 100 per cent operational capacity, with the opening of the final phase of Concourse A.
Terminal 3 is now expected to serve more than 1.6 million passengers as peak holiday travel unravels during the second half of December.
Visitors to Dubai exceeded 1 million during October and DXB reached the important milestone of 1 million passengers per week in November, with origin-destination passengers reaching 94 per cent of pre-pandemic levels.
"Reaching the point where 100 per cent of our facilities are now open and serving customers, plus the huge resurgence in passengers arriving into Dubai marks an important milestone for the aviation sector as well as for the city of Dubai and its economic growth," said Paul Griffiths, CEO of Dubai Airports.
Over 18 months, Dubai Airports has seen a stable increase in passenger traffic, with the numbers expected to touch 28.9 million by the end of the year surpassing the September forecast of 2.1 million.
The numbers, he added, represents "a huge achievement towards full recovery".
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
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