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TOURISM DECLINE UAE
The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...
The Abraham Accords: The boldest Middle East gamble in decades, did it actually work? Here's all about itAbraham Accords: Trump just called six Muslim nations to sign the Abraham Accords — live, out loud, tied to an Iran nuclear deal. Pakistan ...
India medical tourism market feels the weight of Iran warIndia's medical tourism sector faces challenges as West Asian tensions continue. Overseas patient numbers remain lower than before the conf...
Why is the UAE, OPEC’s third-largest oil producer, leaving OPEC? Will Iraq or Kuwait leave next, and what it means for oil prices and the cartel’s futureWhy is UAE leaving OPEC, will Iraq or Kuwait leave next? Nearly 3.5 million barrels per day are now at stake. The Organization of the Petro...
International travel demand from India drops as West Asia tensions and weak rupee drive up costsIndian summer travel abroad faces higher costs. Tour packages are up 20-25%. West Asia conflict fuels oil prices and airfares. A weaker rup...
A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...
Iran's Gulf attacks put India’s money flowing engine into one of the toughest testsIndia's essential remittance inflows are confronting an extraordinary obstacle. The intensifying turmoil in West Asia is fueling anxiety am...
Gulf allies privately make the case to Trump to keep fighting until Iran is decisively defeatedSaudi Arabia and the UAE are pushing President Trump to continue the war against Iran. They believe Tehran has not been weakened enough and...
UAE slows down from Gulf war stress; raises remittance concerns for India amid layoffs, pay cutsThe United Arab Emirates economy faces early stress as the Gulf war continues. Sectors like hospitality, travel, and food & beverage are se...
UAE's GDP grew 3.7% in first half of 2023, supported by non-oil sectorThe United Arab Emirates (UAE) reported a 3.7% increase in its gross domestic product (GDP) for the first half of the year, with non-oil se...
Most Gulf bourses retreat as COVID-19 cases riseThe Abu Dhabi index, meanwhile, dropped 0.3% as Abu Dhabi Islamic Bank retreated by 2% and the country's largest lender, First Abu Dhabi Ba...
United Arab Emirates attracts corporate billions to climb tax-haven rankingThe index by the Tax Justice Network, which documents countries that attract companies to shrink their tax bills, added the United Arab Emi...
Dubai non-oil private sector grows at marginal pace in January: PMIThe seasonally adjusted IHS Markit Dubai Purchasing Managers' Index (PMI) fell to 50.6 in January from 51.0 in December. That growth pace -...
Dubai halts live entertainment at hotels and restaurants amid surge in coronavirus casesBoth decisions come after months of Dubai promoting itself as the ideal pandemic-friendly vacation spot while coronavirus infections skyroc...
Dubai economy to grow 4% in 2021, rebounding from this year's contractionDubai Statistic Centre said the economy declined by 10.8% in the first six months of 2020, which the centre's executive director, Arif Al M...
Weak demand hurts UAE non-oil private sector again in November: PMIThe seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, stood at 49.5 in November...
Kuwait and the UAE in economic pain amid pandemic: ReportsWith the government failing to pass a public debt law, Kuwait has drawn from its reserve fund to keep spending — at a pace that could prove...
Terrorism, floods draw out the charm from Kashmir; 35% decline in bookings recordedMany tourists are staying away from Kashmir because of what the region went through in the past year, with the devastating floods.
Middle East, Africa computer market suffer sharpest ever declineThe Middle East and Africa computer market has suffered 25.6% drop in the second quarter this year, the steepest decline ever recorded in t...
- Indian business tourists get warm welcome abroad
The Gulf and South Asian countries line up discounts, incentives to attract indian corporate travellers.