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Report expects real estate to increase its contribution to the GDP from 6 percent to 10 percent by 2030
Balance between collaboration and competition among GCC destinations promotes tourism growth
Dubai and Riyadh are notable global shopping destinations
Increasing competition, new technologies will help raise quality of products and services offered in the market
The company is behind the innovative and immersive experiences on Yas and Saadiyat Islands
Emirate is committed to celebrating its rich and unique cultural heritage and prioritizing authentic experiences
Middle Eastern destinations, including Dubai, Abu Dhabi, and emerging hotspots like Riyadh and Ras Al Khaimah, saw significant tourist inflows in 2023
In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase
Tourism sector is expected to contribute $15.5 trillion to the global GDP by 2030
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
The country achieved its most rapid economic growth in more than two years
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
According to the report, the number of jobs in the sector will increase by over 23,500, reaching nearly 833,000
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
The IMF expects growth to strengthen by 4.2 percent in 2025
The report predicts an 18.1 percent average annual headline inflation rate
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
How International Financial Institutions (IFIs) can help countries navigate economic challenges
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
Sustained oil output, growing non-oil investments key to healthy economy
This represents an increase from $35 billion in the previous year
