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Articles for tag: absorb, Airports, billion, Dubai, fully, International, operations, terminal

New $35 billion terminal to ‘fully absorb Dubai International Airport’s operations’

This image released on April 28, 2024, shows the approved design of Al Maktoum International Airport’s new passenger terminal. — X/@HHShkMohd Al Maktoum International Airport is set to host the world’s largest number of passengers as authorities in Dubai on Sunday gave their consent to add another passenger terminal at the airport to be built at a whopping $34.8 billion. Sheikh Mohammed bin Rashid, vice president and ruler of Dubai, told X that the airport’s passenger capacity will reach 260 million. “It will fully absorb the operations of Dubai International Airport in 10 years,” the Dubai Media Office said. “As

November 1, 2023

News Desk

Interest costs absorb the entire income

Islamabad: Finance Minister Dr Shamshad Akhtar on Tuesday identified the rising cost of interest payments as a “primary concern” for fiscal stability. In the first quarter of the current fiscal year, debt servicing consumed almost the entire net federal income of Rs 1.4 trillion. In her foreword to the monthly economic outlook report for October from the finance ministry, Akhtar noted that economic activities have started to pick up and inflationary pressure has eased. The ministry has forecast a drop in inflation to 27% in October from September’s level of 31.4%. He pointed out, “On the expenditure side, the primary

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