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Dubai International Airport Sets New Passenger Record Amid Rapid Recovery

by THEFUTURE.TEAM
July 30, 2025

Dubai International Airport (DXB), renowned as the world’s busiest air travel hub, has surpassed expectations by recording 46 million passengers in the first half of 2025. This represents a 2.3% increase over the same period last year, underscoring the airport’s resilience and rapid recovery from recent disruptions in the region.

Resilience Amid Geopolitical Upheaval

Despite ongoing challenges stemming from the 12-day air conflict between Iran and Israel—which concluded with a US-brokered ceasefire—and subsequent disruptions across the Middle East, Dubai International Airport has demonstrated an impressive recovery. Paul Griffiths, CEO of Dubai Airports, expressed confidence in the airport’s robust performance, remarking that the recent travel disturbances were both unexpected and notably short-lived. “Our passenger base continues to be strong,” Griffiths noted in a Reuters interview.

Optimistic Passenger Forecast

Looking ahead, Griffiths forecast a continued upward trajectory with DXB expected to handle 96 million passengers this year, building on last year’s record 92 million, and reaching an estimated 100 million by 2026. As a central hub for Emirates and flydubai, alongside several other major carriers, DXB’s recovery and growth reflect not only strategic planning but also sustained global trust in Dubai’s air travel network.

Future Expansion and Strategic Shifts

In anticipation of future capacity demands, Griffiths outlined plans for exponential annual traffic growth at DXB, projecting up to 115 million passengers by 2032. This milestone coincides with the opening of a massive $35 billion terminal at Al Maktoum International (DWC). Owned by state-controlled Dubai Airports, both DXB and DWC are poised for transformative changes: with DWC set to become Dubai’s primary international gateway, its capacity is expected to soar to 260 million passengers by 2032—five times the size of DXB.

Looking to the Future

Addressing concerns over capacity saturation at DXB, Griffiths highlighted the limitations faced by airline slots at the current hub, which further accentuates the growth seen at DWC, with a notable 36.4% surge in passenger traffic in the first half of the year. While speculation about a potential IPO for Dubai Airports remains active, any decision on public listing will ultimately rest with the Dubai government, which maintains full ownership of the firm.

In a dynamic landscape punctuated by geopolitical and economic challenges, Dubai International Airport’s latest achievement underscores its strategic importance and operational excellence in global aviation.

Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM
November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.

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