The busiest international airports were based on scheduled capacity in December and compared to the same month in 2019, Dubai.
Frankfurt International (2.04m), Doha (1.76m), Madrid Adolfo Suarez-Barajas (1.51m), According to the ranking.
The world’s top 10 busiest airports are based on total capacity – both domestic and international.
while the top 10 busiest international airports.
Are calculated only based on international seats. In terms of seats (both domestic and international).
DXB ranked second among the world’s ten busiest airports in December, ahead of all but one airport in 2019.
The Dubai airport is now operating at full capacity and Concourse A has opened in its final phase.
The airport’s capacity increased by 15 per cent in December, adding almost 0.5 million seats, and it moved up from seventh busiest in November to second busiest in December.
In the top 10, there is only one airport from China, Guangzhou in 4th place, with Shenzhen out. The top 10 global airports are dominated by US airports.
International airport topped the list followed by Dubai
With 4.41 million seats, Atlanta Hartsfield-Jackson International airport topped the list followed by Dubai International (3.54 million seats).
Dallas/Fort Worth International (3.53 million), Guangzhou (3.51 million), Delhi (3.34 million), Tokyo International/Haneda (3.34 million),Chicago O’Hare International (3.34 million).
Los Angeles International (3.27 million), Denver International (3.23 million) and Miami International (2.74 million).
Dubai’s 3-year Budget To Boost Post-pandemic Economic Recovery
UAE’s budget of Dh181 billion approved on Sunday is expected to help speed up Dubai’s economic recovery.
As the government stated on Sunday, the initiative will promote entrepreneurship, “enhance society’s well-being,” and “solidify Dubai’s position”.
UAE General Budget
The UAE Prime Minister and Vice President, and Ruler of Dubai, Sheikh Mohammad Bin Rashid Al Maktoum. also approved the general budget.
For the fiscal year 2022, with Dh59.95 billion in expenditure. As part of Dubai’s macroeconomic stimulus effort, the budget cycle will help drive growth.
“The Dubai government continues to consolidate the emirate’s position as a major global commercial hub and raise its international competitiveness.
By creating new growth for vital sectors,” said Crown Prince Hamdan Bin Mohammad Bin Rashid Al Maktoum. Dubai’s general budget for fiscal cycle 2022-2024 reflects the fundamental strength and stability of the emirate’s economy and positions.
Dubai at the forefront of global efforts to promote recovery. The three-year budget cycle aims to increase economic growth rates by activating the public-private partnership ecosystem.
Apart from addressing health care and education issues, the program also focuses on financial sustainability.
The new human resources law states that the salary and wage allowances in the 2022 budget account for 34 per cent of total government spending.
granting and social support programs
Approximately 21 per cent of all expenditures is devoted to granting and social support programs designed to meet the needs of community development and public services.
Construction projects have been allotted a Dh5.2 billion budget from the government. In addition, nine per cent of the total expenditures were set aside to maintain the volume of infrastructure investments.
A total of two per cent of expenditures are allocated to the private reserve for emergency preparedness, and six per cent is allocated to the public debt.
In total, 30 per cent of the government’s budget is devoted to social development. Among these programs are those promoting health, education, housing, women’s.
Children’s welfare, as well as programs that teach reading and coding and support sports.
The government spends 24 per cent of its total budget on security, justice, and safety to maximize efficiency.
Infrastructure and Transportation Development
In addition to hosting Expo 2020 Dubai, Dubai is keen to develop its infrastructure and transportation.
which has resulted in an allocation of 42 per cent of total spending. Additionally, Dubai has allocated five per cent of its government expenditure to develop performance and foster excellence.
This will result in a higher interest outlay in the long run, but it can be minimized if managed properly, with banks accepting overpayments without penalty. As a result, you’ll be able to pay it off sooner. Some banks will allow you to register an account where you may deposit your savings and wages, which can be incredibly beneficial. The total money in this account will be used to offset the interest on your mortgage, reducing the length of the loan and allowing you to access cash when you need it.
At the moment, more consumers were opting for a fixed rate over a variable rate, said Arran Summerhill, co-founder of Holo, an online mortgage platform. In 2021, we saw 60.1 percent of Holo applicants pick for a fixed rate, which includes both new purchases and refinances. Fixed rates were a wonderful alternative for consumers who wanted to budget for a specific length of time because of the security they provided. Lenders are also favoring fixed-rate contracts at this time, as banks have more options than variable-rate arrangements. Fixed rates ranged from one to fifteen years; however, they saw consumers opting for mid-term options of three to five years, with the intention of reevaluating their arrangement at the conclusion of the fixed-rate period.
