Air passenger traffic is forecast to reach pre-pandemic numbers by 2025.
That's according to Paul Griffiths, CEO of Dubai Airports, who spoke exclusively to Dubai Eye 103.8's Business Breakfast on Thursday.
He's optimistic that the UK's decision to start accepting UAE vaccination certificates from October 4 will boost travel demands.
While things have been looking up and Griffiths is aiming to reach the desired number way before 2025, he emphasised that a slow-and-steady approach is still ideal and insists that it is not wise to increase production capacity too quickly.
As travel restrictions continue to ease, he said that it is highly significant for the travel industry.
He further added that the number of flights will also increase to cater to an influx of passengers who will be flying between the UK and the UAE.
One of the biggest decisions for Dubai Airports is whether or not to get the A380-dedicated concourse operational that they need to take by mid-October.
According to Griffiths, if the news continues to be as good as it has been in the last few days, it is likely to trigger a demand for new employees and they will soon start the hiring process to cater to the rising number of bookings.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.