UAE hotel industry basks in festive Ramadan spirit

• Hotel room prices decreased after the end of Expo 2020, with rates starting at around US$50 per night in the UAE
• A handful of hotels achieved occupancy levels of more than 70 percent due to factors like the return of events, conferences, and exhibits

Regional economies look up as Ramadan boosts retail

UAE restores Ramadan goodwill with tough fight against COVID-19

• Dubai marks the Holy Month of Ramadan in style, with lighting designs displayed throughout the city
• One of the most prominent events in Dubai this year is the return of Ramadan tents

Demand surges as Ramadan returns

• Various businesses -- particularly related to food, apparel and household products -- are witnessing surge in demand
• Consumers are spending more on cross-border goods during Ramadan this year as COVID-19 curbs have eased

QIB’s quarterly profit grows 14%

• The Earnings per Share (EPS) amounted to QR 0.36 as of March 31, 2022 versus Earnings per Share of QR 0.32 for the same period in 2021
• Qatar Islamic Bank was founded in 1982 as the first Islamic financial institution in Qatar, with a capital of about 2,362 billion riyals

High demand for G6 currencies leads DGCX trading volumes

• Euro and British Pound Futures Contracts recorded a year-on-year (YOY) advanced growth of 527.5 percent and 261.5 percent respectively.
• Trading volumes in the Japanese Yen as well as the Australian Dollar registered a significant YTD growth of 339.2 percent and 755.76 percent respectively.

Dubai turns Expo into 6-month diplomatic gala

• Visiting global dignitaries helped the UAE emerge as a new world capital of political and cultural diplomacy over the Expo's six-month run
• The world fair has, in essence, put a spotlight on the UAE as a nation of tolerance that connects people and cultures

Saudi land bridge linking up east with west to cost $26bn

• According to the minister of transport and logistics, Saleh Al-Jasser, the money will go into building infrastructure and trains
• The contracts will be signed within a year, and the implementation of the project will take 5 to 7 years, Al-Jasser said

Investments key to improve region’s telecom services

• In today's digital economy, personalized experiences have become a prerequisite for companies wanting to achieve bigger gains
• The pandemic has proved that more customers place quality networks and services above the pricing amount while making purchasing decisions

VR technology gives Arab world an edge in learning

• Virtual reality tools add a new dimension to the classroom -- both virtually and physically -- enhancing all aspects of the educational process, says Ithai Stern of INSEAD
• Learners who undergo inclusive leadership training via virtual reality feel more connected to the material and are more focused, says a Price Waterhouse Coopers study