The Gulf Cooperation Council (GCC) countries have recognised the potential of sports tourism as a pivotal economic driver. The region aims to diversify its economy away from oil dependency and attract foreign…
Tag: economy
Boeing prepares for long strike as gig economy gives workers clout
Around Boeing Co.’s vast aircraft manufacturing hub in Seattle, the great belt tightening has begun as the planemaker and its factory workers settle in for a labor dispute that will test the…
InterContinental CEO Says US hotel demand defies economy fears
“As long as GDP continues to grow, as long as the middle class continues to grow, travel is something people are really preferring to do and continue to want to do,” Maalouf…
UAE economy set for more growth in the second half of this year
The UAE economy is set for more growth in the second half of this year, achieving qualitative leaps and exceptional accomplishments thanks to a stable investment and economic environment capable of continuing…
UAE economy to grow 3.9% in 2024, central bank projects
Abu Dhabi: The UAE economy grew 3.6 per cent in 2023, the central bank said in its annual report on Thursday, and projected overall output growth at 3.9 per cent in 2024….
ATM 2024: Emirates, Department of Economy and Tourism to promote Dubai's hub status internationally
“A key driver of Dubai’s tourism and wider economic growth has been the city’s international connectivity, propelled by Emirates’ global network and reputation as a leading airline,” said Issam Kazim, CEO of Dubai…
Travel will add a record $11.1 trillion to global economy
The travel industry’s global economic impact continues to gain ground. This year, it’s expected to reach a record-breaking $11.1 trillion, surpassing its prior high of $10 trillion in 2019. In another decade,…
UAE retailers cannot hike prices on 9 foods during Ramadan: Ministry of Economy
Dubai: Retail pricing on nine essential consumer goods will not see any price increases without pre-approval during Ramadan, according to a top Ministry of Economy official. The ‘policy prohibits price hikes of cooking…
UAE residents can now fly to Osaka, Japan on Emirates' Premium Economy
The new offering on this route would, the airline said, offer increased seat capacity on flights to and from Japan’s second-largest city, in addition to introducing refreshed interiors across First, Business and Economy Class…
Video: ADNOC sets aim to generate Dh178b back into UAE economy over 5 years
The UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan presided over the annual meeting of the ADNOC Board in his capacity as its Chairman. This will be built on the…