The bank’s liquidity profile remains strong as evidenced by an advances to stable resources ratio of 76% and an eligible liquid asset ratio of 16%, both comfortably above regulatory thresholds
Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Dubai Executive Council, has approved Executive Council Resolution No (8) of 2016 pertaining to the collection of fees from passengers using airport facilities in Dubai.
As per the resolution, every passenger leaving the UAE from any of Dubai's airports, including transit passengers, will be charged Dh35 as a service fee for using airport facilities.
The resolution exempts passengers below two years, cabin crew from paying the fee in addition to transit passengers whose arrival and departure flight number is the same.
Airlines operating in Dubai airports are tasked with collecting the fee while issuing tickets, whether in the UAE or outside the country, effective March 1 2016 for flights departing Dubai's airports after June 30, 2016.
The collected fees will be transferred to Dubai Airports, and subsequently to the Dubai government public treasury.
The resolution aims to improve Dubai's airport infrastructure and boost its capacity, which is set to reach 100 million passengers by 2023, as well as support expansion projects such as the state-of-the-art Concourse D at Dubai International Airport, the expansion of Terminal 2 and the renovation of Terminal 1.
This resolution is valid from the date of its publication in the Official Gazette.
The bank’s liquidity profile remains strong as evidenced by an advances to stable resources ratio of 76% and an eligible liquid asset ratio of 16%, both comfortably above regulatory thresholds
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