The easing of travel restrictions to and from the UAE will deeply benefit Expo 2020 Dubai as it officially opens in October.
That's according to Paul Griffiths, Chief Executive of Dubai Airports, who spoke exclusively to Dubai Eye's 103.8's Business Breakfast about how the UAE is on a positive trajectory towards recovery.
He's also hopeful that it will eventually lead to a "blanket release" of travel restrictions soon.
Griffiths added that the UK's decision to move the UAE to 'amber' status is a major step forward.
"London's always been the major route between the UAE and the UK and not to have to spend 10 days in a hotel immediately on arrival is going to be an absolute blessing for so many people," he said.
Griffiths also highlighted how the UAE's recent decision to allow UAE residents return from India, Pakistan, Sri Lanka, Nepal, Nigeria and Uganda, will boost the travel sector.
The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".