Dubai International Airport Sees Record 92.3 million Passengers in 2024

People queue at the check-in counter at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. REUTERS/Staff/File Photo
People queue at the check-in counter at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. REUTERS/Staff/File Photo
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Dubai International Airport Sees Record 92.3 million Passengers in 2024

People queue at the check-in counter at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. REUTERS/Staff/File Photo
People queue at the check-in counter at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. REUTERS/Staff/File Photo

Dubai International Airport, the world's busiest for international travel, saw a record 92.3 million passengers pass through its terminals in 2024, officials announced Thursday.

The result cements Dubai's bounce-back from the coronavirus pandemic, surpassing the previous record set in 2018 for the first time. Today, the airport feels like it's bursting at the seams with aircraft movements and crowds moving through its terminals, The AP reported.

Authorities plan to move operations in 2032 to the city-state's second airport after a nearly $35 billion upgrade.

Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, first announced the new passenger figure on X. The state-owned airport is home to the long-haul carrier Emirates, which powers the network of state-owned and state-linked businesses known as "Dubai Inc."

“Dubai is the airport of the world ... and a new world in the aviation sector,” Sheikh Mohammed wrote.

Speaking with The Associated Press, Dubai Airports CEO Paul Griffiths pointed to the fact that the airport had served more than 700 million passengers over the last decade — closing in on twice the population of the United States.

The 2024 result “is not only a record for us, of course, but as the No. 1 airport in the world, it’s a new world record for international passengers through any airport in the world," Griffiths said. "And the great thing is that’s with two runways on a very limited geographical footprint, which hasn’t really changed at all.”

In 2023, the airport, known as DXB, had 86.9 million passengers. Its 2019, traffic was 86.3 million passengers. It had 89.1 million passengers in 2018 — its previous busiest-ever year before the pandemic, while 66 million passengers passed through in 2022.

In 2024, India remained the top destination market for DXB, with 12 million passengers. Saudi Arabia followed with 7.6 million and the United Kingdom at 6.2 million. DXB and Al Maktoum International Airport, known as DWC, serve 106 airlines flying to 272 cities in 107 countries across the world.



Oil Extends Gains after US Seizure of Tanker off Venezuela

FILE PHOTO: A worker walks past infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013.  REUTERS/Stringer/File Photo
FILE PHOTO: A worker walks past infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. REUTERS/Stringer/File Photo
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Oil Extends Gains after US Seizure of Tanker off Venezuela

FILE PHOTO: A worker walks past infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013.  REUTERS/Stringer/File Photo
FILE PHOTO: A worker walks past infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. REUTERS/Stringer/File Photo

Oil rose for a second straight session on Thursday after the US seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions.
Brent crude futures rose 27 cents, or 0.4%, to $62.48 a barrel by 0101 GMT, and US West Texas Intermediate crude was at $58.79 a barrel, up 33 cents, or 0.6%.
WTI crude oil is trading higher after news that the US seized an oil tanker off Venezuela’s coast, IG market analyst Tony Sycamore said in a note, adding that reports of Ukraine striking a vessel from Russia’s shadow fleet also lent support, reported Reuters.
"These developments are likely to keep crude oil above our key $55 support level into year-end, barring an unexpected peace deal in Ukraine," Sycamore said.
US President Donald Trump said on Wednesday, "we've just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening."
Trump administration officials did not name the vessel. British maritime risk management group Vanguard said the tanker Skipper was believed to have been seized off Venezuela.
Traders and industry sources said Asian buyers are demanding steep discounts on Venezuelan crude, pressured by a surge of sanctioned oil from Russia and Iran and heightened loading risks in the South American country as the US boosts its military presence in the Caribbean.
Meanwhile, Ukrainian sea drones hit and disabled a tanker involved in trading Russian oil as it sailed through Ukraine's exclusive economic zone in the Black Sea.
Investors remain focused on developments in Ukraine peace talks. The leaders of Britain, France and Germany held a call with Trump to discuss Washington's latest peace efforts to end the war in Ukraine, in what they said was a "critical moment" in the process.
On the US policy front, a sharply divided Federal Reserve cut interest rates. Lower rates can reduce consumer borrowing costs and boost economic growth and oil demand.


Riyadh Air, IBM Build the World’s First Airline Founded on AI

A Riyadh Air aircraft (The company’s website)
A Riyadh Air aircraft (The company’s website)
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Riyadh Air, IBM Build the World’s First Airline Founded on AI

A Riyadh Air aircraft (The company’s website)
A Riyadh Air aircraft (The company’s website)

The Middle East’s aviation sector has undergone rapid transformation in recent years, driven by network expansion, advanced digital technologies, and growing reliance on smart analytics to enhance passenger experience and improve operational efficiency.

As competition intensifies among regional and international carriers, digital innovation has become central to differentiation and customer appeal.

Aligned with Saudi Arabia’s Vision 2030, which is focused on strengthening air connectivity, diversifying the economy, and leveraging modern technology, the Kingdom has paved the way for innovations such as service automation, workforce digitalization, and real-time data analytics for smarter operational decision-making.

In this context, Riyadh Air - one of the Public Investment Fund’s aviation companies -announced, in partnership with IBM Middle East and North Africa, the creation of the world’s first national airline built entirely on artificial intelligence from day one.

The initiative represents a new model for the airline of the future, going beyond traditional digital transformation to establish an operating and management structure free from legacy systems.

Through a collaboration involving more than 60 technology partners across 59 workstreams, Riyadh Air aims to set a global benchmark not only for AI-driven operational efficiency, using generative AI and the watsonx Orchestrate platform, but also for highly personalized experiences for passengers and employees.

The airline is preparing for the launch of its first commercial flights in early 2026, with a goal of connecting the Kingdom to more than 100 international destinations by 2030.

Riyadh Air Chief Financial Officer Adam Boukadida told Asharq Al-Awsat that the objective was to build a fully modern national airline.

“We started from scratch so Riyadh Air could become the first airline built on AI platforms that define the sector’s future, while preserving the human touch for both employees and guests,” he said.

He added that the biggest challenge was developing all systems anew and coordinating dozens of partners to ensure seamless integration while embedding AI across every operational layer.

The digital infrastructure provides employees with a unified workspace that simplifies tasks and strengthens data-driven decision-making. AI empowers crew to deliver customized, proactive services, from booking to arrival and beyond. This includes a virtual assistant offering tailored suggestions such as car rentals and reservations for events or restaurants.

Boukadida noted that real-time analysis of operational, financial, and commercial data will boost efficiency, profitability, and cost management, while elevating Saudi Arabia’s global air connectivity.

Mohamad Ali, Senior Vice President of IBM Consulting, said integrating AI into the airline’s core operations makes Riyadh Air “a model of adaptability, where technology and human hospitality converge on every journey.” IBM platforms provide unified, real-time data to enhance performance for both staff and travelers.

He highlighted watsonx Orchestrate as a key component enabling personalized digital workplaces, seamless access to HR tools, and instant insights for crew, such as alerts to offer fast-track services to late-arriving passengers.

For travelers, the platform will power an AI virtual assistant offering customized add-on services and curated experiences.

Riyadh Air plans to serve over 100 global destinations by 2030 with a fleet of long-range aircraft. Boukadida said Saudi talent has been integral to building the airline, reflecting the Kingdom’s commitment to developing digital expertise and creating high-value jobs in aviation.


Bitcoin Dips Below $90,000 as AI Worries Dent Risk Appetite

FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
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Bitcoin Dips Below $90,000 as AI Worries Dent Risk Appetite

FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Cryptocurrencies tumbled on Thursday and bitcoin fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks.

Risk sentiment turned sour after US cloud firm Oracle's profit and revenue outlook missed forecasts and executives flagged higher spending - a sign AI infrastructure outlays are not turning profits as quickly as investors had hoped.

Bitcoin was last down 2.5% at $90,056.24, while ether tumbled 4.3% to $3,196.62, erasing the past two days of gains, extending weakness that began in the US trading session on Wednesday after the Federal Reserve cut interest rates, Reuters reported.

Stocks in Asia fell and futures pointed to lower openings in Europe and the United States.

"What we saw last night was even though risk assets were doing well, crypto didn't really want to know about it," said Tony Sycamore, market analyst at IG in Sydney.

"The crypto space really needs to see more convincing evidence that the washout we saw from that October 10 selloff is complete, and at this point in time it just doesn't look like it's there."

Standard Chartered on Tuesday slashed its expectations that bitcoin would hit $200,000 by the end of 2025, lowering its forecast to $100,000.

"We think buying by Bitcoin digital asset treasury companies is likely over," said Geoff Kendrick, global head of digital assets research at Standard Chartered. "As a result, we now think future Bitcoin price increases will effectively be driven by one leg only – ETF buying."