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UAE' Sharjah Airport Receives 6 Million Travelers in H1 2022

An Emirates plane seen on Feb. 10, 2013. (Photo: Kamran Jebreili AP)
An Emirates plane seen on Feb. 10, 2013. (Photo: Kamran Jebreili AP)
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UAE' Sharjah Airport Receives 6 Million Travelers in H1 2022

An Emirates plane seen on Feb. 10, 2013. (Photo: Kamran Jebreili AP)
An Emirates plane seen on Feb. 10, 2013. (Photo: Kamran Jebreili AP)

Sharjah Airport registered a 142.74% rise in passenger traffic during the first half of 2022, equivalent to approximately six million passengers.

The the number of flights at the airport also grew with a total of 41,189 aircrafts operating in H1 this year compared to 21,709 in the same period last year, registering an increase of 89.73%.

Chairman of Sharjah Airport Authority Ali Salim Al Midfa said: "The considerable growth in the number of travellers using our airport solidifies the Emirate of Sharjah as a preferred destination for travel and business."

"The figures also represent the confidence and trust that a large number of travelers place in Sharjah Airport. Our continuous efforts to offer leading innovative services and gain passengers' satisfaction guarantee a safe and distinguished travel experience," he added.

State news agency WAM reported that the Sharjah Airport Authority is relentlessly working towards achieving its strategy to improve the passengers' travel experience and enhance the airport's regional and global competitiveness.

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Türkiye's Erdogan Expects More Interest Rate Cuts in 2025

Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)
Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)
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Türkiye's Erdogan Expects More Interest Rate Cuts in 2025

Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)
Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)

Türkiye's President Recep Tayyip Erdogan said on Saturday that there would be more interest rate cuts in 2025 after the central bank cut its key rate by 250 basis points to 47.5% this week.

The Turkish central bank trimmed the one-week repo rate after an 18-month tightening effort that reversed years of unorthodox economic policies and easy money championed by Erdogan, who has since changed tack to back the program.

"Priority in our economy program is to lower the inflation... We will hopefully reduce inflation to the required level by using other tools at our disposal in addition to the monetary policy," Erdogan told members of his AK Party (AKP) in northwestern city of Bursa.

"We will definitely start lowering the interest rates. 2025 will be the landmark year for this," he said.

"Interest rates will decrease so that inflation will decrease. We will take this step. This is now indispensable for us."

Erdogan, who once described interest rates as his "biggest enemy," said last month that inflation would fall alongside the interest rate.

The central bank earlier announced that it had reduced the number of scheduled policy meetings next year to eight from 12 in 2024.

According to a Reuters poll's median, the central bank is expected to ease rates to about 28.5% by the end of 2025, with forecasts ranging between 25% and 33%.