UAE airports set to welcome 135m passengers in 2024, says top civil aviation official 

The rise is set to come from countries such as Canada, South Korea, and the Philippines. Shutterstock.
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Updated 19 December 2023
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UAE airports set to welcome 135m passengers in 2024, says top civil aviation official 

RIYADH: The UAE’s airports are expected to receive 135 million passengers in 2024, a 4 percent surge in traffic over the previous 12 months, according to a top civil aviation executive.  

Speaking to the local newspaper Emarat Al Youm, Saif Al-Suwaidi, the director general of the country’s General Civil Aviation Authority, said current indicators show a growth in the number of flights and destinations of its national carriers.   

Al-Suwaidi added that the rise is set to come from countries such as Canada, South Korea, and the Philippines, as well as Bangladesh and Sri Lanka.   

This increase aligns with several air transport agreements concluded by the authority and improvements it has made during the current year, the newspaper reported Al-Suwaidi as saying. 

Additionally, the sealed deals are projected to lead to an increase in the air transport rights of Emirati carriers, resulting in a rise in their flights, seat capacities, and destinations they reach next year, he highlighted. 

Moreover, Al-Suwaidi continued that increasing passenger numbers, seat capacity and destinations of national carriers will surge the revenues of various entities operating in the aviation sector. 

The GCAA executive also noted that air traffic at the country’s airports during the UN Climate Change Conference in Dubai, or COP28, witnessed a 15 percent jump, the Emirates News Agency, also known as WAM, reported. 

On Nov. 30, the UAE airports witnessed the highest rate of air traffic in civil aviation history, with 2,848 movements, Al-Suwaidi disclosed. 

He added that Al Maktoum International Airport recorded the largest number of scheduled and unscheduled flights on the first day of COP28. 

The executive noted that the aviation sector has achieved significant success in organizing air traffic and ensuring the smooth and safe arrival and departure of all COP28 guests. 

Furthermore, a special electronic platform was launched to control air traffic and closely monitor flights coming to the country to attend the conference, which aided air traffic control in the country. 

According to data available from figures, UAE airports received 62.8 million passengers during the first half of this year, recording a growth of 46 percent compared to the same period last year. 


Closing Bell: Saudi main index slips to close at 10,588 

Updated 14 December 2025
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Closing Bell: Saudi main index slips to close at 10,588 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 127.15 points, or 1.19 percent, to close at 10,588.83. 

The total trading turnover of the benchmark index was SR2.57 billion ($685 million), as 28 of the stocks advanced and 232 retreated.    

Similarly, the Kingdom’s parallel market Nomu lost 108.53 points, or 0.46 percent, to close at 23,719.13. This comes as 22 of the stocks advanced while 47 retreated.    

The MSCI Tadawul Index lost 17.17 points, or 1.22 percent, to close at 1,393.34.     

The best-performing stock of the day was Sport Clubs Co., whose share price surged 3.69 percent to SR9.00.   

Other top performers included Flynas Co., whose share price rose 2.55 percent to SR72.30, as well as National Industrialization Co., whose share price surged 2.13 percent to SR10.09. 

Consolidated Grunenfelder Saady Holding Co. recorded the most significant drop, falling 6.61 percent to SR8.90. 

Sustained Infrastructure Holding Co. also saw its stock prices fall 5.75 percent to SR30.82. 

CHUBB Arabia Cooperative Insurance Co. also saw its stock prices decline 5.72 percent to SR22.40. 

On the announcements front, Wataniya Insurance Co. said it has received a notice of award for a one-year contract with Saudi National Bank to provide general insurance as well as protection and savings insurance services, in line with agreed terms and conditions. 

According to a Tadawul statement, coverage will begin on Jan. 1, 2026. The contract value exceeds 15 percent of the company’s total revenues, based on its latest audited financial statements for 2024.  

Wataniya Insurance Co. ended the session at SR14.35, up 1.92 percent. 

Fawaz Abdulaziz Alhokair Co., or Cenomi Retail, has announced executing a SR1.5 billion facility agreement structured as a short-term loan with Emirates NBD – Kingdom of Saudi Arabia. A bourse filing revealed that the financing duration is three years with an option to extend for a total of two years. 

Cenomi Retail ended the session at SR20.00, up 0.26 percent. 

First Milling Co. has announced the Board of Directors’ recommendation to amend the firm’s bylaws Article “Company Management” to increase the number of board members from seven to eight. This change reflects the firm’s commitment to broadening the range of expertise and skills on its board, in line with its growth and expansion plans for the next phase. 

The company reiterated its commitment to fulfilling all necessary procedures and obtaining approvals from the relevant authorities. The recommendation will be submitted to the upcoming General Assembly, with the date to be announced in due course. 

First Milling Co. ended the session at SR49.22, down 1.06 percent.