The Transformative Power of Travel
The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in...Business Tourism
New-Age Growth Comes Home to the GCC
The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading...Technology Business Economy Geostrategy Opinion
Middle East only region to overcome pre-Covid tourism levels: UNWTO
"International tourism is expected to fully recover pre-pandemic levels in 2024, with initial estimates pointing to 2.0 percent growth above...Europe, the world's most visited region, also saw a strong performance with tourism reaching 94 percent of its 2019 figures, with African figures reaching 96 percent.
In relative terms, the Asia-Pacific region was the weakest with just 65 percent of pre-pandemic levels, despite China's lifting of health restrictions a year ago
Tesla’s Musk throws down the gauntlet
Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.Tesla has lost over US$90 billion in market cap, a rough landing in 2024, and a continuation of a slide that could crash the EV maker’s stock value, data from Refinitiv revealed.
There is declining growth in EV production and a wider slowdown in the market that has Tesla investors nervous.
Dubai World Trade Centre to host Japan trade exhibition next week
Dubai, UAE--The first edition of the Japan Kyoto Trade Exhibition 2024 is all set to kick off this Monday, 22nd...The event is expected to attract around 20,000 visitors, and more than 100 Japanese exhibitors
The exhibitors will represent a diverse range of industrial sectors, like technology and animation
Middle East needs strong Saudi Arabia, says kingdom’s finance minister
Dubai, UAE-- Saudi Arabia's Finance Minister Mohammed Al-Jadaan said the Middle East needs a strong Saudi Arabia to contribute and...The World Economic Forum meeting in Saudi Arabia will address economic issues, international cooperation and global challenges
The kingdom's finance minister said the region requires a strong Saudi Arabia to contribute and that future outlook looks positive
UAE firms face AI-driven data management hurdles
In a rapidly evolving digital landscape, 91% UAE business leaders are facing critical challenges in aligning data strategies with their...In a rapidly evolving digital landscape, 91% UAE business leaders are facing critical challenges in aligning data strategies with their business goals, says a latest report.
Only 44% of UAE businesses are confident in their data's accuracy, leading to increased investment in data training and governance to address these concerns, it adds.
Sharjah Islamic Bank profit surges
It posted a 31% jump in net profit to US$229.13m in 2023.The bank's operating profits also recorded a 23 percent rise, reaching $554 million for 2023, up from $435 million in 2022
Its board of directors has proposed a 10 percent cash dividend, subject to approval at the upcoming general assembly meeting
Saudi Arabia to host WEF special meeting in April
Davos, Switzerland — Saudi Arabia will host a special meeting of the World Economic Forum (WEF) in Riyadh this April, Saudi...Speaking at the panel 'Saudi Arabia: The Course Ahead', Saudi minister Faisal Al Ibrahim said the event will focus on global collaborations
He underlined Riyadh's emerging role as a hub for various sectors and as a center for global thought leadership.
IEA says oil production to rise but demand to be halved in 2024
Paris, France - World oil supply will continue to rise this year, the International Energy Agency said on Thursday, as it...Much of the slowing demand has mirrored falling demand for post-pandemic travel demand in China, which drives much of the world's oil demand growth.
IEA added the world's oil supply will continue to grow due to "record-setting output" from the United States, Brazil, Guyana and Canada.
UAE ranks first in Arab world in labor-resilient countries, says report
Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...As the world confronts the challenges of global warming and the transition to a sustainable future, the impact on labor markets looms large.
The direct consequences of climate change, including displacement, migration, and fluctuations have become increasingly pervasive.
Akasa Air orders 150 Boeing planes
Akasa Air will buy 737 MAX planes, which no Indian airline uses.Akasa Air chief said the 'historic' order would put the firm on the path to "becoming one of the top 30 leading airlines in the world"
Akasa has been a strong Boeing backer, having ordered 72 aircraft in 2021, and another four in 2023
