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DWTC hosted 76 events with 1.54 million attendees, 46 percent international
UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease
The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Economic returns of AI to reach $320 billion in the Middle East
Abu Dhabi’s non-oil GDP grew by 10.4 percent YoY in Q4 2023
$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28
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
