London, Bombay, Delhi and Manila top destinations for travelers through Abu Dhabi Airport

Passenger traffic at the Abu Dhabi airport in June alone was down 5.3 percent to 1.76 million. (Reuters)
Updated 10 August 2017

London, Bombay, Delhi and Manila top destinations for travelers through Abu Dhabi Airport

ABU DHABI: London, Bombay, Delhi and Manila were the top destinations of travelers passing through Abu Dhabi International Airport in June, state news agency WAM reported on Thursday.
Air traffic to London increasing by 6 percent, and Delhi-bound travelers up by 11 percent compared to the same month last year, Ahmed Al-Shamsi, the acting Chief Operations Officer at Abu Dhabi International Airport, said in the report. No other figures were given.
Meanwhile, passenger traffic at the Abu Dhabi airport in June alone went down 5.3 percent to 1.76 million while six-month figures nudged 0.7 percent to 11.92 million from 11.84 million of the same period last year.
The International Air Transport Association (IATA) earlier noted a weakness in traffic volumes being serviced by Middle East carriers such as Etihad Airways, which operates from its hub in Abu Dhabi.
The Middle East-North America market has been mainly hit by a US ban on personal electronic devices aboard flights emanating from the region. Etihad operates 45 flights a week from Abu Dhabi to six US destinations.
“The weakness is now visible in the traffic trends on the biggest routes to and from the region (to Asia and Europe), but is most acute on the Middle East to North America market,” IATA said in its report.
Meanwhile, Abu Dhabi airport has released a video on the construction progress of the Dh19.1 billion Midfield Terminal project. The Kohn Pedersen Fox-designed terminal, which will have 65 aircraft gates, is being built by Arabtec, the Consolidated Contractors Company and TAV Group and is due to be completed in 2019.
Watch the Midfield Terminal Building video below:


China aims for sustained and healthy economic development

Updated 30 October 2020

China aims for sustained and healthy economic development

  • Beijing to let market forces play decisive role in resources allocation, report says

BEIJING: China is targeting sustained and healthy economic development in the five years to 2025, with an emphasis on a higher quality of growth, the Xinhua news agency said on Thursday, citing the ruling Communist Party’s Central Committee.

President Xi Jinping and members of the Central Committee, the largest of the ruling party’s elite decision-making bodies, met behind closed doors from Monday to lay out the 14th five-year plan, a blueprint for economic and social development.

China’s external environment “is getting more complicated,” the agency said, adding, “There is a significant increase in instabilities and uncertainties.”

BACKGROUND

China aims to boost its gross domestic product (GDP) per person to the level of moderately developed countries by 2035, while GDP is due to top 100 trillion yuan ($15 trillion) in 2020.

However, the country’s development was still in a period of important strategic opportunities, despite new challenges, it said.

It added that China aims to boost its gross domestic product (GDP) per person to the level of moderately developed countries by 2035, while GDP is due to top 100 trillion yuan ($15 trillion) in 2020.

China will also deepen reforms and let market forces play a decisive role in resources allocation, the agency said.

China will promote a “dual circulation” model, make self-sufficiency in technology a strategic pillar for development, move to develop and urbanize regions, and combine efforts to expand domestic demand with supply-side reforms, it added.

The “dual circulation” strategy, first proposed by Xi in May, envisages that China’s next phase of development will depend mainly on “domestic circulation” or an internal cycle of production, distribution and consumption, backed by domestic technological innovation.