Millennials are a large, influential and increasingly affluent group, are the fastest growing segment within the region, and in the UAE and Saudi Arabia, tend to be higher spenders than their global peers, a report said.
Whatever travellers are looking for from their vacation this holiday season, whether it’s sunshine, relaxation, adventure or exploration, having an experience that is hassle free, secure and enjoyable will be high on anyone’s priorit
Millennial tourists generate more than $180 billion in annual tourism revenue, an increase of nearly 30 per cent since 2007, the United Nations had revealed.
Highlighting this point, Mazagan Beach and Golf Resort, a leading touris
Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found.
Last year, growth in the si
Iraq, pressured by lower-than-expected oil prices, will cut non-oil spending in its 2016 budget by 15 percent and take on several billion dollars in international debt, it said in a memo which the International Monetary Fund released on Thursday
Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs that promise to trigger more expansion ahead.
Worldwide spending on cancer medicines will exceed $150 billion by 2020, driven by the emergence of expensive new therapies that help the immune system to attack tumours, according to a global oncology report released by IMS Health Holdings on T
Saudi Arabian tourists are among the highest spenders while travelling, registering more than SR30 billion ($7.4 billion) annually, with 72 countries offering the kingdom's citizens the option to travel visa-free, said a report.
The pipeline of projects planned in the Gulf Cooperation Council (GCC) states as of May 2016 amounts to $2 trillion, it was revealed at a summit of construction sector leaders in Dubai, UAE.
Delegates attending the Meed Constructi
Domestic card spends in the UAE increased by 12 per cent in the first quarter of 2016 compared to the same period last year, according to a report on consumer card spends by Network International, a leading payment solutions provider in the Mena