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Economy Middle East Summit
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GCC
Hospitality & Tourism
Qatar sees tourism boom with 4 million visitors in 2023, 2 million in early 2024
This represents a 58.4 percent growth compared to 2022
Banking & Finance
GCC banks’ profitability to remain strong in 2024 on delayed rate cuts: Report
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Economy
Oman, Kuwait ink four agreements in investment, education and metrology
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
Markets
Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report
Notable market gains included MBC Group Co and Avalon Pharma
Hospitality & Tourism
Abu Dhabi extends visa support for Indians seeking to get married
The new visa initiative supports emirate’s tourism strategy, which aims to targeting 39.3 million visitors by 2030
Markets
Market cap of Arab stock exchanges exceeds $4.361 trillion in April: AMF
Market value of the Abu Dhabi Securities Exchange reached $754.7 billion in April
Hospitality & Tourism
Saudi Arabia e-visa accessibility extended to Barbados, Bahamas, and Grenada
With this expansion, the total number of countries eligible for the E-visa has increased to 66
Egypt
ATM 2024: Egypt seeks GCC investment boost for tourism development
Egypt targets attracting 30 million tourists by 2028 in light of additional funding for more tourism development projects
Egypt
Egypt welcomes 27 percent more tourists in four months, says vice minister for tourism
Inbound visitors from Arab countries rise by 54 percent in 2024
Hospitality & Tourism
ATM 2024: Tourism set to account for 12 percent of UAE’s GDP in 2024
Balance between collaboration and competition among GCC destinations promotes tourism growth
United Arab Emirates
Ajman tourism sector posts 7 percent surge in revenue, 9 percent growth in visitor numbers
The average duration of hotel stays also showed a positive trend, with a 5 percent increase
Hospitality & Tourism
Four Seasons’ people and culture of service are drivers of hospitality group’s success
Innovative offers – from jet to yacht experience – continue to excite guests from around the world
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