Sustained growth in international tourism despite challenges
2016 was the seventh consecutive year of sustained growth following the 2009 global economic and financial crisis. A comparable sequence ...
Country: GCC
Travel and tourism to grow faster than the global economy by 4.0% per year over the next decade
The global travel and tourism sector directly sustains twice as many jobs as the financial sector, and five times as ...
Import of livestock from Brazil to GCC countries increased 12% with $1.363 billion
Blairo Maggi, Brazilian Minister of Agriculture, successfully completed his visit to the GCC, throwing the spotlight on the high quality ...
Nestle launches a new factory in the UAE to bolster its presence in the region
The Swiss giant food company unveiled a new factory in the United Arab Emirates as part of its regional expansion ...
GCC's combined GDP may exceed $1.5 trillon
The fiscal situation in the region is expected to improve following sustained reforms in spending and subsidy. The GCC economies ...
China pledges $124 billion for new Silk Road as champion of globalization
Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of ...
Construction sector in the MENA region to grow to $336 billion by 2020
The estimated value of the building and construction industry in the Middle East and North Africa, MENA, region is expected ...
GCC hospitality project value exceeds US $148 billion in Q1 2017
The total value of 1,153 hospitality projects in the six members of the Gulf Co-operation Council, GCC, exceeded US$148.4 billion ...
GCC food imports to double to $53.1 billion by 2020
The GCC’s food import bill will double over the next few years to a value of $53.1 billion, says a ...
$302 billion needed to meet MENA power demands
The Middle East and North Africa (MENA) are prioritizing investments in the power sector and need to invest $302 billion ...
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