Thursday 27 April 2017
 
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economy

Tourism will be a key pillar of Gulf economies: UrbaCon CEO

A leading Arab investor and economist has called for more investments in the tourism and travel market expecting it will provide major and significant revenue for the economy in the Gulf states in the coming years.   In a sta

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Populism across the West to drive GCC economy

As the rising tide of populism in the West erodes the foundations of the open market, the apparent retreat from globalisation may result in the GCC’s capital markets gaining huge momentum for growth, said an industry expert.

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Mena region set for 2.6pc economic growth in 2017

Plagued by war, violence, and low oil prices, economies in the Middle East and North Africa (Mena) region will see growth of 2.6 per cent in 2017, down from 3.5 per cent in 2016, according to the World Bank’s semi-annual Mena Economic Moni

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UAE ranked top economy for tourism in Mena

The UAE has been named the most competitive economy for travel and tourism in the Middle East and North Africa, according to a new report from the World Economic Forum (WEF). The UAE, which welcomed 14.4 million international visi

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Recaro to supply Economy Class seats for Gulf Air's new fleet

Gulf Air, Bahrain’s national carrier, has appointed German aircraft manufacturer Recaro Aircraft Seating to supply Recaro CL3710 economy class aircraft seats for the airline’s 10 new Boeing 787-9 aircraft and 29 Airbus 320/321neo air

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Ras Al Khaimah real estate sector sees big growth

The real estate sector in Ras Al-Khaimah has expanded considerably over the last few years with the investment increasing from Dh3.40 billion ($925.97 million) in 2011 to Dh4.95 billion ($1.35 billion) in 2015. The growth amounted

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China to host 6th Global Tourism Economy Forum

Global Tourism Economy Forum, the leading international tourism platform designed to promote sustainable development of the global tourism industry with a focus on China, is scheduled to host its 6th edition from October 16 to 17 in Macao.  

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Business conditions set to improve, feel UAE residents

Nearly three quarters of UAE residents expect business conditions in their country to improve within the next year, according to a survey. Furthermore, a majory of UAE respondents (58 per cent) expect their country’s economy

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Business conditions set to improve, feel UAE residents

Nearly three quarters of UAE residents expect business conditions in their country to improve within the next year, according to a survey. Furthermore, a majory of UAE respondents (58 per cent) expect their country’s economy

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Reforms will help UAE adjust to lower oil price: IMF chief

Gradual fiscal consolidation and vigorous implementation of structural reforms in the UAE, including those underlying Vision 2021, will help the economy adjust to the lower oil price environment, promote further economic diversification, and boo

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