Dubai further consolidated its status as a hub for international business events in 2023, with the city winning a record 349 bids to host major conferences, meetings and programmes.
This marks a 49 per cent increase in successful bids compared to 2022, according to the emirate's official convention bureau, Dubai Business Events (DBE).
These new events that were secured in 2023 are set to attract over 191,000 international delegates. While some of these already took place last year, others are to be held over the coming years.
Bidding activity and success have continued to accelerate since the COVID-19 pandemic, with the number of bid wins in 2023 exceeding the previous record of 295 bids registered in 2019.
"To keep the momentum going, we have charted ambitious plans for the year ahead and are working closely with all stakeholders – from hotels and event organisers to venues – to attract the biggest and most prestigious events and congresses to the city and raise the profile of Dubai as a year-round global business events destination," said Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment.
OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned.
US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminium to 50 per cent from 25 per cent, ratcheting up pressure on global steel producers and deepening his trade war.
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled that he had exceeded his authority in imposing the duties and ordered an immediate block on them.
Dubai’s real estate market is embracing tokenisation, with over 6,000 people joining the waitlist for Prypco Mint, a new platform that lets users buy fractional shares of property through secure digital tokens.
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.