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 closes in green at 10,917 

Updated 19 January 2026
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Closing Bell: Saudi main index closes in green at 10,917 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 4.86 points, or 0.04 percent, to close at 10,917.04. 

The total trading turnover of the benchmark index was SR3.95 billion ($1.05 billion), as 102 of the listed stocks advanced, while 147 retreated. 

The MSCI Tadawul Index increased, up 0.54 points, or 0.04 percent, to close at 1,467.06. 

The Kingdom’s parallel market Nomu lost 85.41 points, or 0.36 percent, to close at 23,357.50. This comes as 19 of the listed stocks advanced, while 46 retreated. 

The best-performing stock was Tourism Enterprise Co., with its share price surging by 10 percent to SR13.53. 

Other top performers included Al Yamamah Steel Industries Co., which saw its share price rise by 8.64 percent to SR39.22, and Anaam International Holding Group, which saw a 4.05 percent increase to SR12.59. 

Alramz Real Estate Co. saw its share price rising by 3.95 percent to close at SR61.85, while Umm Al Qura for Development and Construction Co. closed at SR18.08, marking a 3.67 percent increase in share price. 

On the downside, the worst performer of the day was Saudi Industrial Export Co., whose share price fell by 3.72 percent to SR2.59. 

ACWA Power Co. saw its share price fall 3.54 percent to SR177.20, while Naseej International Trading Co. declined 3.08 percent to SR29.56. 

Moreover, the share price of Rabigh Refining and Petrochemical Co. dropped 2.95 percent to close at SR6.57, while Nice One Beauty Digital Marketing Co. saw its share price dropping 2.65 percent to SR17.97. 

On the announcement front, Alinma Capital has declared a cash dividend distribution totaling SR6.55 million for unitholders of the Alinma Saudi Government Sukuk ETF Fund.  

The dividend, covering the period from July to December, amounts to SR0.162 per unit and represents approximately 1.56 percent of the fund’s net asset value as of Jan. 15.  

Its share price closed at SR10.42 on the main market, marking a 0.1 percent increase. 

Also, Itmam Consultancy Co. has been awarded a significant project by the Digital Government Authority to develop digital investment skills within the public sector.  

The contract, officially granted on Jan. 19, is valued at more than 5 percent of the company’s total 2024 revenue.  

According to a statement, the program aims to equip government employees with the expertise needed to enhance digital government investment efficiency, focusing on software license development aligned with legal and technical standards.  

Its share price remained unchanged on Nomu at SR16.40.