Dubai airport’s November passenger traffic falls

Dubai airport needs a record 8.9 million passengers in December to meet its previously stated full-year target of 90.3 million. (AFP)
Updated 06 January 2019
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Dubai airport’s November passenger traffic falls

  • The number of passengers using the airport fell 0.8 percent to 6.9 million in November
  • Dubai airport, the hub for airlines Emirates and flydubai, has seen the rate of passenger traffic growth slow this year after 15 years of strong increases

DUBAI: Dubai International Airport's monthly passenger numbers dropped in November, leaving the world's busiest airport for international travelers needing a record month to meet its full-year target.
The number of passengers using the airport fell 0.8 percent to 6.9 million in November, said operator Dubai Airports on Sunday.
For the first 11 months of the year, 81.4 million passengers have used the airport, up 1.3 percent.
That means the airport needs a record 8.9 million passengers in December to meet its previously stated full-year target of 90.3 million.
The highest number of passengers to travel through Dubai airport in a single month was 8.37 million in August 2018.
Dubai airport, the hub for airlines Emirates and flydubai, has seen the rate of passenger traffic growth slow this year after 15 years of strong increases.
Cargo handled in November increased 0.6 percent to 237,059 tons, said Dubai Airports.


Urgency needed to boost Palestinian economy: IMF chief

Updated 26 June 2019
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Urgency needed to boost Palestinian economy: IMF chief

  • The MF has been warning of severe deterioration in the Palestinian economy
  • ‘If there is an economic plan, if there is urgency, it’s a question of making sure that the momentum is sustained’

MANAMA: IMF chief Christine Lagarde said Wednesday that major economic growth was possible in the Palestinian territories if all sides showed urgency, as she took part in a US-led conference boycotted by the Palestinian leadership.
The International Monetary Fund has been warning of severe deterioration in the Palestinian economy, with tax revenue blocked in a dispute with Israel which has also imposed a crippling blockade on the Gaza Strip for more than a decade.
“If there is an economic plan, if there is urgency, it’s a question of making sure that the momentum is sustained,” said Lagarde.
The IMF chief is attending a conference in Bahrain to discuss the economic aspects of a United States plan for Israeli-Palestinian peace, which has already been rejected by the Palestinians as it fails to address key political issues.
Lagarde said for the US plan to work “it will require all the goodwill in the world on the part of all parties — private sector, public sector, international organizations and the parties on the ground and their neighbors.”
Citing examples of post-conflict countries, Lagarde said that private investors needed progress in several sectors including strengthening the central bank, better managing public finance and mobilizing domestic revenue.
“If anti-corruption is really one of the imperatives of the authorities — as it was in Rwanda, for instance — then things can really take off,” she said.
The plan presented by White House adviser Jared Kushner calls for $50 billion of investment in the Palestinian territories and its neighbors within a decade.
The proposals for infrastructure, tourism, education and more aim to create one million Palestinian jobs.
Gross domestic product in the Gaza Strip declined by eight percent last year, while there was only minor growth in the West Bank.
Kushner, opening the conference on Tuesday, called the plan the “Opportunity of the Century” — and said the Palestinians needed to accept it before a deal can be reached on political solutions.
The Palestinian Authority has rejected the conference, saying that the US and Israel are trying to dangle money to impose their ideas on a political settlement.
Washington says it will unveil the political aspects of its peace deal at a later date, most likely after Israel’s September election.