Search Site

Trends banner

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Dubai airport arrivals double in 2022 as more Russians pour in

The main business hub of the oil-rich United Arab Emirates is home to one of the world's busiest airports. (AFP)
  • The airport "welcomed a total of 66,069,981 passengers during 2022", representing year-on-year growth of 127 percent.
  • In 2021, around 29.1 million passengers passed through Dubai, and the authorities had expected 57 million visitors for the year 2022.

Dubai, United Arab Emirates – Dubai’s airport welcomed 66 million passengers in 2022, more than double the previous year, it said Tuesday, a spike its chief executive attributed to “huge growth” in Russian travelers.

The main business hub of the oil-rich United Arab Emirates is home to one of the world’s busiest airports.

The airport “welcomed a total of 66,069,981 passengers during 2022”, representing year-on-year growth of 127 percent, according to a statement.

In 2021, around 29.1 million passengers passed through Dubai, and the authorities had expected 57 million visitors for the year 2022.

India, Saudi Arabia and the United Kingdom topped passenger arrivals but Russia has also “been an important contributor”, CEO Paul Griffiths said.

“We’ve seen a huge growth in the Russian market since the… tensions between Ukraine and Russia” started on year ago, he told AFP.

Russians accounted for 1.9 million passengers — more than double the 912,000 recorded for 2021, Griffiths said.

The UAE has maintained a neutral stance towards Russia’s war in Ukraine, which is nearing its one-year anniversary.

The Gulf nation has emerged as a top destination for rich Russian emigres fleeing the impact of Western sanctions.

Russians were the top buyers of Dubai properties last year, according to brokerage Betterhomes, bolstering the city’s record real estate transactions last year.

Dubai’s airport was briefly closed to commercial flights from March to July 2020 due to Covid-19. It was one of the first travel hubs to reopen after the pandemic.

In 2020, it received only 25.9 million passengers, down from the 86 million the previous year.