logo
Dubai International Airport, busiest for world travel, sees record 92.3 million passengers in 2024

Dubai International Airport, busiest for world travel, sees record 92.3 million passengers in 2024

Yahoo30-01-2025

DUBAI, United Arab Emirates (AP) — Dubai International Airport, the world's busiest for international travel, saw a record 92.3 million passengers pass through its terminals in 2024, officials announced Thursday.
The result cements Dubai's bounce back from the coronavirus pandemic, surpassing the previous record set in 2018 for the first time. Today, the airport feels like it is bursting at the seams with aircraft movements and crowds moving through its cavernous terminals as authorities plan to move operations in 10 years to the city-state's second airport after a nearly $35 billion upgrade.
Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, announced the figure on the social media platform X. The state-owned airport is home to the long-haul carrier Emirates, which powers the network of state-owned and state-linked businesses known as "Dubai Inc."
'Dubai is the airport of the world ... and a new world in the aviation sector,' Sheikh Mohammed wrote.
In 2023, the airport, known as DXB, had 86.9 million passengers. Its 2019 traffic was 86.3 million passengers. It had 89.1 million passengers in 2018 — its previous busiest-ever year before the pandemic, while 66 million passengers passed through in 2022.
A real-estate boom and the city's highest-ever tourism numbers have made Dubai a destination as well as a layover. However, the city is now grappling with increasing traffic and costs pressuring both its Emirati citizens and the foreign residents who power its economy.
In 10 years, Dubai plans to move its airport operations to Al Maktoum International Airport, some 45 kilometers (28 miles) away from DXB. The airport, which opened in 2010 with one terminal and is known as DWC, served as a parking lot for Emirates' double-decker Airbus A380s and other aircraft during the pandemic. But since then, it has slowly returned to life with cargo and private flights. It also hosts the biennial Dubai Air Show and has a vast, empty desert in which to expand.
DXB and DWC serve 106 airlines flying to 272 cities in 107 countries across the world.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil prices surge and markets retreat after Israel's strike on Iran
Oil prices surge and markets retreat after Israel's strike on Iran

San Francisco Chronicle​

time2 hours ago

  • San Francisco Chronicle​

Oil prices surge and markets retreat after Israel's strike on Iran

HONG KONG (AP) — Oil prices surged and Asian shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them. U.S. benchmark crude oil rose by $3.93, or 5.8%, to $71.97 per barrel. Brent crude, the international standard, increased by $3.82 to $73.18 per barrel. In share trading, Tokyo's Nikkei 225 fell 0.9% to 37,834.25 while the Kospi in Seoul edged 0.9% lower to 2,894.62. Hong Kong's Hang Seng retreated 0.9% to 23,831.48 and the Shanghai Composite Index lost 0.7% to 3,378.76. Australia's S&P/ASX 200 drifted 0.2% lower to 8,547.40. 'An Israeli attack on Iran poses a top ten of our global risk, but Asian markets are expected to recover quickly as they have relatively limited exposure to the conflict and growing ties to unaffected Saudi Arabia and the UAE,' said Xu Tiachen of The Economist Intelligence. On Thursday, U.S. stock indexes ticked higher following another encouraging update on inflation across the country. The S&P 500 rose 0.4% to 6,045.26. The Dow Jones Industrial Average added 0.2% to 42,967.62, and the Nasdaq composite gained 0.2% to 19,662.48. Oracle jumped 13.3% after reporting stronger profit and revenue for the latest quarter than analysts expected. That helped markets offset a 4.8% loss for Boeing after an Air India plane crashed Thursday, killing more than 240 people. It was the first crash of a Boeing 787 Dreamliner, and the cause wasn't immediately known. Stocks broadly got some help from easing Treasury yields in the bond market following the latest update on inflation. Thursday's update said inflation at the wholesale level wasn't as bad last month as economists expected, and it followed a report on Wednesday saying something similar about the inflation that U.S. consumers are feeling. Wall Street took it as a signal that the Federal Reserve will have more leeway to cut interest rates later this year in order to give the economy a boost. The Federal Reserve has been hesitant to lower interest rates, and it's been on hold this year after cutting at the end of last year, because it's waiting to see how much President Donald Trump's tariffs will hurt the economy and raise inflation. While lower rates can goose the economy by encouraging businesses and households to borrow, they can also accelerate inflation. The yield on the 10-year Treasury fell to 4.35% from 4.41% late Wednesday and from roughly 4.80% early this year. Besides the inflation data, a separate report on jobless claims also helped to weigh on Treasury yields. It said slightly more U.S. workers applied for unemployment benefits last week than economists expected, and the total number remained at the highest level in eight months. That could be an indication of a rise in layoffs. The Fed's next meeting on interest rates is scheduled for next week, but the nearly unanimous expectation on Wall Street is that it will stand pat again. Traders are betting it's likely to begin cutting in September, according to data from CME Group. Trump's on-and-off tariffs have raised worries about higher inflation and a possible recession, which had sent the S&P 500 roughly 20% below its record a couple months ago. But stocks have since rallied nearly all the way back on hopes that Trump will lower his tariffs after reaching trade deals with other countries. Many of Trump's tariffs are on hold at the moment to give time for negotiations, but Trump added to the uncertainty late Wednesday when he suggested the United States could send letters to other countries at some point 'saying this is the deal. You can take it or you can leave it.'

Mongolia gets a new prime minister who pledged to address the economic demands of protesters
Mongolia gets a new prime minister who pledged to address the economic demands of protesters

Hamilton Spectator

time3 hours ago

  • Hamilton Spectator

Mongolia gets a new prime minister who pledged to address the economic demands of protesters

ULAANBAATAR, Mongolia (AP) — The new prime minister of Mongolia has pledged to address the economic demands of protesters after their daily rallies led to the fall of his predecessor. Lawmakers approved former parliament speaker Zandanshatar Gombojav as prime minister by an overwhelming majority in a vote late Thursday night. His election appeared to mark the end of several weeks of political uncertainty in a still-young democracy of 3.4 million people that is sandwiched between much larger China and Russia. The new leader faces multiple challenges including high inflation, a looming government budget deficit and fears of power shortages this winter. Speaking ahead of the vote in parliament, Zandanshatar said this year's government spending needs to be reduced by about $640 million to avoid a significant revenue shortfall. 'Revision of the budget has become inevitable,' the former banker said, saying he would submit a revised budget to parliament next week. Zandanshatar, 45, studied economics at university in Russia and was vice director of one of the largest commercial banks in Mongolia. He was parliament speaker from 2020 to 2024 and was named head of the president's office after he lost his seat in an election last year. From 2014-16, he was a visiting scholar at Stanford University in California. His predecessor, Oyun-Erdene Luvsannamsrai, resigned 10 days ago after losing a vote of confidence in parliament. The protests against Oyun-Erdene's rule were sparked by reports of lavish spending by his son. Many Mongolians feel the nation's mineral wealth has benefited politicians and their business friends rather than the general population. The poverty rate remains high in the sparsely-populated country. Zandanshatar said he would ensure that economic growth is inclusive and reached all Mongolians. He promised to launch a tax reform to reduce the burden on the middle class and increase taxes on luxury consumption and those with ultra-high incomes. He won election by a vote of 108 to 9 in the 126-member parliament. The other nine members were absent. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

Mongolia gets a new prime minister who pledged to address the economic demands of protesters
Mongolia gets a new prime minister who pledged to address the economic demands of protesters

San Francisco Chronicle​

time3 hours ago

  • San Francisco Chronicle​

Mongolia gets a new prime minister who pledged to address the economic demands of protesters

ULAANBAATAR, Mongolia (AP) — The new prime minister of Mongolia has pledged to address the economic demands of protesters after their daily rallies led to the fall of his predecessor. Lawmakers approved former parliament speaker Zandanshatar Gombojav as prime minister by an overwhelming majority in a vote late Thursday night. His election appeared to mark the end of several weeks of political uncertainty in a still-young democracy of 3.4 million people that is sandwiched between much larger China and Russia. The new leader faces multiple challenges including high inflation, a looming government budget deficit and fears of power shortages this winter. Speaking ahead of the vote in parliament, Zandanshatar said this year's government spending needs to be reduced by about $640 million to avoid a significant revenue shortfall. 'Revision of the budget has become inevitable,' the former banker said, saying he would submit a revised budget to parliament next week. Zandanshatar, 45, studied economics at university in Russia and was vice director of one of the largest commercial banks in Mongolia. He was parliament speaker from 2020 to 2024 and was named head of the president's office after he lost his seat in an election last year. From 2014-16, he was a visiting scholar at Stanford University in California. His predecessor, Oyun-Erdene Luvsannamsrai, resigned 10 days ago after losing a vote of confidence in parliament. The protests against Oyun-Erdene's rule were sparked by reports of lavish spending by his son. Many Mongolians feel the nation's mineral wealth has benefited politicians and their business friends rather than the general population. The poverty rate remains high in the sparsely-populated country. Zandanshatar said he would ensure that economic growth is inclusive and reached all Mongolians. He promised to launch a tax reform to reduce the burden on the middle class and increase taxes on luxury consumption and those with ultra-high incomes. He won election by a vote of 108 to 9 in the 126-member parliament. The other nine members were absent.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store