Wednesday 13 November 2019
 
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economy

Tourism sector's share in Bahrain GDP set to grow

The tourism sector's share in Bahrain's economy is expected to grow to 8.3pc in 2022 from 6.5 per cent last year, said Bahrain Tourism and Exhibitions Authority (BTEA) CEO Shaikh Khaled bin Hamoud Al Khalifa.  

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Aluminium sector generates $5.4bn for UAE economy

The aluminium sector’s total contribution to the UAE’s national economy was estimated at Dh20 billion ($5.4 billion) in 2017, or 1.4 per cent of the country’s total GDP, a media report said. The sector also

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Aluminium sector generates $5.4bn for UAE economy

The aluminium sector’s total contribution to the UAE’s national economy was estimated at Dh20 billion ($5.4 billion) in 2017, or 1.4 per cent of the country’s total GDP, a media report said. The sector also

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Flydubai announces new fare structure for Economy class

Dubai-based flydubai has launched new fare types offering passengers more choice when travelling in Economy.    The new fare types are applicable for all bookings made from December 2 onwards and allow 

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Global economy will see growth in 2019: Al Habtoor

The global economy is stronger now than previous years and will continue to grow from 2019 onwards, said Khalaf Ahmad Al Habtoor, a leading businessman in the UAE.    Al Habtoor is the founding chairman of A

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UAE issues 537,000 business licenses by October

A total of 537,000 business activity licenses has been issued by the end of October 2018, 1 per cent up from August of the same year, state news agency Wam reported, citing the Ministry of Economy's statistics. The gr

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Islamic economy 'to boost social integration, innovation'

More than 3,000 attendees are hearing from a distinguished panel of industry experts and visionary leaders discuss ideas to leverage the Islamic economy to boost social integration and promote innovation and technology at the fourth edition of t

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WGES sets up plan for new green economy body

The 5th World Green Economy Summit (WGES) which concluded in Dubai on Thursday, set the journey towards the adoption and signature of the agreement establishing the World Green Economy Organisation (WGEO). "We sincerely hope

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Hilton presents its economic impact in Egypt at key forum

Leading global hospitality company Hilton underlined its significant positive impact on local economies during its participation in the US Business Mission to Egypt, held on October 24 and 25. Led by the US Chamber of Commerce&rsq

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IMF cuts growth forecasts amid US-China trade tensions

The International Monetary Fund (IMF) cuts its global growth forecasts as trade tensions between the US and trading partners have started to hurt economic activity worldwide, reported CNBC. The global economy is now expected to gr

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