Skip to main content Skip to footer ![How are UAE, Saudi Arabia leading way in sustainable tourism?](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Red-Sea-Global-sustainable-tourism-1.jpg/w=1024,h=682)
Despite the clear benefits of sustainable tourism, several challenges and barriers hinder its implementation
![How retailers in UAE, Saudi Arabia are meeting evolving consumer expectations](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/retailers-uae-saudi1.jpg/w=1024,h=683)
In the UAE, the market stands at $40 billion, with an anticipated CAGR of 6.5 percent
![Dubai’s Museum of the Future attracts 3 million visitors from 177 countries in less than 3 years](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Dubai-Future-Museum.jpg/w=1024,h=683)
In three years, the museum has strengthened the region's and Arab world's contributions to knowledge and science
![Abu Dhabi’s Lulu starts trading on ADX following $1.72-billion IPO](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Lulu-ADX.jpg/w=1024,h=682)
Lulu is now listed under the ticker "LULU"
![Abu Dhabi’s TAQA reports $1.7 billion net income during first nine months of 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/TAQA.jpeg/w=1024,h=683)
The Group posted revenues of $11.3 billion, reflecting a 6 percent increase from the same period in 2023
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The company reported revenues of $2.66 billion, representing a 38 percent increase compared to the same period in 2023
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Brent oil futures for January delivery decreased by 0.1 percent, settling at $72.23 per barrel
![Cityscape Global 2024: Interview with H.E. Majed bin Abdullah Al-Hogail on Saudi Arabia’s real estate transformation and expanding opportunities](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/H.E.-Majed-AlHogail.jpg/w=1024,h=683)
Mega events and local tourism projects to help Saudi Arabia transition its economy into the next phase
![Oil prices rise modestly but stay near two-week lows after OPEC’s demand growth downgrade](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Oil-prices-2.jpg/w=1024,h=683)
Brent futures had climbed by 17 cents, or 0.24 percent, reaching $72.06 a barrel
![Flexible work hours, remote policies reduce morning peak travel times by 30 percent in Dubai](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Flexible-working-hours-1.jpg/w=1024,h=682)
32 percent of private companies currently implement remote work policies
![UAE-Japan ties: Abu Dhabi Crown Prince explores stronger bilateral ties with governor of Tokyo](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/UAE-Japan.jpg/w=1024,h=682)
In September this year, the UAE and Japan launched talks to reach a Comprehensive Economic Partnership Agreement
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The carrier posted $153.5 million in net profit during this period