The hospitality industry will rake in a total of $26.3 billion in revenue by the end of 2022, UAE advisory firm Alpen Capital has projected, which would represent a 78.4 percent year-on-year growth |
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| The strategy aims to increase investment to 30 percent of the country’s GDP, and catalyse the growth of emerging sectors in the economy |
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| Tuesday’s transactions included 396 sales deals worth AED 845.37 million, 110 mortgage deals of AED376.93 million and 11 gift deals amounting to AED96.55 million, according to Dubai’s Land Department (DLD) data |
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| The deadline for submission of application for participation is September 16, 2022 |
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| The index found 88 percent of people in UAE have used at least one emerging digital payment method in the last year |
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| The Saudi Arabian city will be totally-pedestrianised and is set to create 380,000 jobs in Saudi Arabia. Once completed the carbon emission-free city aims to contribute almost USD$48 billion to the Saudi economy |
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Although price pressures are building, the oil-rich Gulf is among regions where inflation has remained relatively muted, thanks in part to limits on domestic fuel costs in some nations |
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| Tabby, which allows customers to purchase goods and pay for them in installments, has so far raised $275 million in capital |
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| The move is part of the UAE’s National Food Security Strategy 2051 which focuses on implementing resilient agricultural practices that increase productivity |
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| The canal saw an influx of oil tankers, generating a revenue of $153 million, its highest revenue gain from oil tankers in its history |
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| The UAE has established itself as an ideal travel destination and a preferred nation for living and working, despite global pandemic restrictions |
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| Licensed financial institutions (LFIs) offering services to politically exposed persons (PEPs) have been asked to develop “risk-based policies” |
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The metaverse will fundamentally alter the way business is conducted. Here’s how marketing needs to evolve |
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| As interior designers, we have a responsibility and indeed a privilege, to help shape people’s moods |
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| Increasing personal wellness is positive for individual health and business productivity |
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