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. 


Silver crosses $77 mark while gold, platinum stretch record highs

Updated 27 December 2025
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Silver crosses $77 mark while gold, platinum stretch record highs

  • Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
  • Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years

Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.

Spot silver jumped 7.5% to $77.30 per ounce, as of 1:53 p.m. ET (1853 GMT), after touching an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation ‌as a US ‌critical mineral, and strong investment inflows.

Spot gold ‌was ⁠up ​1.2% at $4,531.41 ‌per ounce, after hitting a record $4,549.71 earlier. US gold futures for February delivery settled 1.1% higher at $4,552.70.

“Expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong,” said Peter Grant, vice president and senior metals strategist ⁠at Zaner Metals.

Markets are anticipating two rate cuts in 2026, with the first likely ‌around mid-year amid speculation that US President Donald ‍Trump could name a dovish ‍Fed chair, reinforcing expectations for a more accommodative monetary stance.

The US ‍dollar index was on track for a weekly decline, enhancing the appeal of dollar-priced gold for overseas buyers.

On the geopolitical front, the US carried out airstrikes against Daesh militants in northwest Nigeria, Trump said on Thursday.

“$80 in ​silver is within reach by year-end. For gold, the next objective is $4,686.61, with $5,000 likely in the first half of next ⁠year,” Grant added.

Gold remains poised for its strongest annual gain since 1979, underpinned by Fed policy easing, central bank purchases, ETF inflows, and ongoing de-dollarization trends.

On the physical demand side, gold discounts in India widened to their highest in more than six months this week as a relentless price rally curbed retail buying, while discounts in China narrowed sharply from last week’s five-year highs.

Elsewhere, spot platinum rose 9.8% to $2,437.72 per ounce, having earlier hit a record high of $2,454.12 while palladium surged 14% to $1,927.81, its highest level in more than three years.

All precious ‌metals logged weekly gains, with platinum recording its strongest weekly rise on record.