The Public Debt Management Office (PDMO) of the Government of Dubai’s Department of Finance (DOF) has announced a significant reduction of approximately AED 29 billion in Dubai’s public debt by the end of this year. This achievement comes within just a year and a half since the establishment of the office in 2022, marking a […]
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, and Mark Rutte, the Prime Minister of The Kingdom of the Netherlands, have reaffirmed their commitment to deepen cooperation in industries of the future. This collaboration was discussed during a CEO roundtable in Dubai themed “Energizing the Future.” The leaders expressed their […]
DP World, under the leadership of CEO Sultan Ahmed bin Sulayem, has invested over $6 billion in its transformation into a comprehensive global supply chain player. Bin Sulayem discussed this evolution during a session titled ‘Trade in a Changing World’ at the 21st Arab Media Forum in Dubai, moderated by Egyptian writer and journalist Imad […]
As the travel and tourism sector makes a robust comeback in the Middle East following the COVID-19 pandemic, Hilton has unveiled ambitious plans to increase its regional footprint by more than 125 percent, according to an announcement made on Monday. Carlos Khneisser, Vice President of Development for the Middle East and Africa at Hilton, shared […]
The lord mayor of the City of London, Nicholas Lyons, praised the remarkable efforts of Saudi Arabia and other Gulf countries in their pursuit of cleaner and more sustainable economies, describing them as “world-leading” in their endeavors. His comments were made during his visit to the Kingdom and the UAE earlier this year, with upcoming […]
Abu Dhabi’s Yas and Saadiyat islands have solidified their status as secure investment hubs, thanks to the concerted efforts of the Abu Dhabi Department of Culture and Tourism to transform them into luxury destinations, according to the CEO of a prominent real estate development firm. Speaking during the Future Hospitality Summit in Abu Dhabi, Miral […]
In a testament to Oman’s unwavering dedication to fiscal stability, US-based Fitch Ratings has elevated the nation’s long-term foreign currency issuer default rating to “BB+” from its previous “BB” status. Fitch Ratings cited the Omani government’s resolute commitment to implementing measures aimed at preserving financial security as a pivotal factor behind this noteworthy advancement. This […]
In a significant move aligned with Saudi Arabia’s Vision 2030, Marriott International is set to prioritize sustainability as a fundamental element of its projects in the Kingdom. The announcement was made by Sandeep Walia, the Chief Operations Officer of Marriott International Middle East, during an interview at the Future Hospitality Summit in Abu Dhabi. Walia […]
In a significant declaration of its dedication to nuclear energy, Saudi Arabia has pledged to adhere to a comprehensive international safeguards framework, firmly upholding the Kingdom’s principles of transparency, reliability, and safety. The announcement was made by Saudi Minister of Energy, Prince Abdulaziz bin Salman, during his address at the 67th General Conference of the […]
Saudi Arabia’s tourism and hospitality sector is surging ahead, committed to achieving the ambitious industry targets outlined in Vision 2030. Industry leaders emphasized this commitment during a panel discussion held on Tuesday, highlighting the sector’s pivotal role in job creation and the country’s economic transformation. Badr Alherbish, Chief Strategy Officer of Saudi Arabia’s Tourism Development […]