UAE airspace sees 200% increase in traffic

WAM

There has been a 200 per cent increase in the volume of traffic in the UAE's airspace this month, compared to six months ago.

According to the General Civil Aviation Authority's (GCAA) Director-General, an average of around 1,000 aircraft have been using the UAE's airspace each day in October.

Saif Mohammed Al Suwaidi told national news agency WAM that the negative impact the COVID-19 pandemic had on the aviation industry is "gradually fading away".

He said this was partly due to the practical solutions and stringent precautionary measures implemented by the UAE government.

Al Suwaidi also highlighted the launch of two new national carriers - Air Arabia Abu Dhabi and Wizz Air Abu Dhabi- despite the challenges.

More from Business

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

  • Wall Street futures sink as tariffs fuel recession fears

    US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.