WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights. The travel sector is expected to continue to grow, creating over 100 million new jobs, adds the author.

While Europe and Americas have nearly returned to pre-pandemic levels, the Middle East's growth outpaces all other regions, UN World Tourism Organization says.

The World Health Organization (WHO) regional director for Europe warned on Thursday that Mpox could spread to other countries after Sweden confirmed the first case of infectious viral disease outside of Africa.  Sweden reported the first case of the more contagious variant of Mpox outside of Africa on Thursday, just...

Around 25 House Democrats and three senators have now called on Biden to drop out since a disastrous debate performance against Trump and a series of polls showing the Republican on course to win back the White House.

Alberta's tourism sector, with attractions resonating with GCC travelers, aims for a $25 billion visitor economy by 2035, says Joseph Schow in an exclusive interview with TRENDS.

Saudi Arabia and the UAE are the only high-income economies to rank among the top 10 most improved economies between 2019 and 2024, a WEF report says.

The UAE especially has become a regional hub for remote work, attracting digital nomads and businesses with its visa programs.

Dubai, UAE -- UAE carrier Emirates defended its title as the fourth most valuable airline brand, with a staggering 30 percent increase in brand value, reaching $6.6 billion, according to Brand Finance, a brand valuation consultancy. With global travel recovering after the peak of the COVID-19 pandemic, airline brands in the Middle East have...

The $2.4bn deal is its latest expansion into cancer treatments.

Paris, France - Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, a major new analysis said on Friday. More than 3.4 billion people -- 43 percent of the global population -- experienced...

The rebound follows two years of decline, when, in 2021 and 2022, the global Human Development Index fell twice in a row for the first time since its creation 35 years ago, rolling back five years of progress. Now, the UNDP forecasts a record high in the index for 2023.

Its net profit fell five percent to 13.1 billion kroner ($1.24bn).

Tehran, Iran - Iran on Monday announced a turnout of 41 percent in last week's elections for parliament and a key clerical body -- a record low since the 1979 Islamic Revolution, according to voting records. Conservatives were reported to have secured the bulk of seats in Friday's elections for the...

Tehran, Iran - Iran began counting ballots on Saturday after a vote for parliament and a key clerical body, with local media estimating a low turnout and conservatives expected to dominate. Friday's elections were the first since widespread protests triggered by the September 2022 death in police custody of Mahsa Amini,...

Dubai, UAE-- In the month of May scores of airport developers, officials, and suppliers from around the world will troop into Dubai to participate in the world’s largest annual event dedicated to the airport industry. The 23rd edition of the three-day B2B event at the Dubai World Trade Centre (DWTC),...

Overall, Israel's GDP grew by 2.0 percent in 2023, short of the 2.3 percent projection made by the Bank of Israel after the war's outbreak in October, the Central Bureau of Statistics figures showed.

The company also owns the Bloomingdale's store chain.

"International tourism is expected to fully recover pre-pandemic levels in 2024, with initial estimates pointing to 2.0 percent growth above 2019 levels," the Madrid-based agency said in a statement. Figures for last year showed that 1.3 billion tourists travelled abroad, 44 percent higher than in 2022 and 88 percent of...

The cooperation deal between the two will begin February 2025.

Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per square foot, marking consecutive year-over-year increases since 2020, according to the 2024 Sotheby’s International Realty (SIR) Luxury Outlook Report. For the past two or three years post-Covid lockdowns, high-net-worth buyers...

Its net profit fell 7.29% Y-o-Y in the three months to December.

Beijing, China - Chinese state-backed experts have found a way to identify people who use Apple's encrypted AirDrop messaging service, according to the Beijing municipal government. AirDrop allows users to send content to Apple devices in close proximity without an internet connection, encoded so they cannot be viewed by other people....

The National Bureau of Statistics (NBS) said, "In December... the level of vitality in the manufacturing sector somewhat declined." In recent months, Beijing has announced a slew of targeted measures as well as a sizeable issuance of sovereign bonds to boost infrastructure spending and rev up economic activity.

Beijing, China - President Xi Jinping said that China's economic recovery is at a "critical stage", state broadcaster CCTV reported Friday, as sluggish domestic activity and property sector woes drag on a post-pandemic rebound. "At present, the country's economic recovery is still at a critical stage," Xi said at a meeting...

"Some 4.7 billion people are expected to travel in 2024, an historic high that exceeds the pre-pandemic level of 4.5 billion recorded in 2019," IATA said in its traditional review of industry trends as the year draws to a close.

Paris, France - Asian countries dominated the top spots in a keenly watched survey of education capabilities published Tuesday, while levels in Europe slipped at a record pace -- and not just because of Covid. However, the report also showed that students in top performing countries were not necessarily happier. The...

The firm announced in May to purchase land for $37 million in India.

San Francisco, US - US President Joe Biden and Chinese President Xi Jinping will try to prevent the superpowers' rivalry spilling into conflict when they meet for the first time in a year at a high-stakes summit in San Francisco on Wednesday. With tensions soaring over issues including Taiwan, sanctions and...

Emirates, the Middle East's biggest airline, made the largest purchase with its $52 billion order for 55 Boeing 777-9s, 35 777-8s and five 787 Dreamliners. The 777-9s are expected for delivery in 2025 and the 777-8s are scheduled for 2030.

Paris, France - Russia has been spreading "disinformation" about the situation in the Middle East, the president of Microsoft said on Saturday, as tensions soar in the region due to the Israel-Hamas war. Brad Smith, Microsoft vice chair and president, was asked about the role of the US tech giant in...

The profits nearly doubled on solid demand for cancer treatments.

Its net profit is US$2.4bn in the six months to September end.

The oil giant had posted a net loss of $2.2bn the previous year.

Beijing, China - China announced on Tuesday a 1 trillion yuan ($137 billion) sovereign bond issuance, state media said, in a move experts say is an attempt to shore up the economy after a sluggish post-Covid recovery. The funds will be distributed to local governments to support national disaster prevention and...

Last year, the economy grew three percent, far from the official target of 5.5 percent, and one of the slowest rates in four decades. But Stephen Innes, managing partner at SPI Asset Management, warned that China continued to face significant economic risks. "China's high levels of corporate and local government debt,...

The no-frills airline will buy 157 aircraft from Airbus.

Air France-KLM will buy 19.9% shares of SAS.

The US grocery delivery start up set IPO price at $30 per share.

The airline is already under fire over soaring ticket prices, allegations it sold tickets for cancelled flights, and claims that it pressured the government to stop international rival Qatar Airways from offering more flights to Australia. The country's Federal Court ruled last year that Qantas's outsourcing of ground staff jobs...

Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get "one or three doses depending on whether they have completed a primary vaccination course or have had Covid-19" the Amsterdam-based EMA said.

But the toy giant's market share grew as sales rose slightly.

The airline's annual profit climbs up to US$1.1 billion.

"WHO is working to build the evidence and data to inform policies, standards and regulations for the safe, cost-effective and equitable use of traditional medicine", WHO chief Tedros Adhanom Ghebreyesus said as he opened the summit.

The financial landscape of Saudi Arabia and the UAE is undergoing a significant transformation, with most adults in the region experiencing an increase in their wealth.

In 2022, 45 percent of adults in Saudi Arabia had a net worth of less than $10,000, against 43 percent of adults in the UAE, according to Global Wealth Report 2023.

The company posted a 15% increase in revenue to $670 million.

Despite the drop, BP hiked dividend.

Regional traders extended Monday's retreat sparked by disappointing second-quarter data out of Beijing that missed forecasts badly and highlighted the tough job officials face in getting the country's post-Covid recovery back on track. And while there is an expectation that fresh stimulus measures are in the pipeline, analysts warned that...

Customs spokesman Lyu Daliang also pointed to outside forces having a "direct impact" on Chinese trade, with Beijing engaged in a long-running stand-off with the United States on a number of issues including trade and technology.

London, United Kingdom - World stock markets mostly rose Wednesday as investors jockeyed for position before key US inflation data. London equities climbed after the Bank of England announced that all major UK retail lenders passed stress tests to assess their resilience to economic shocks. Frankfurt and Paris also advanced before...