The UAE's among the safest and most secure destinations for tourism and entertainment in the world, thanks to the government's measures to control the COVID-19 pandemic.
That's according to Dr. Saeed Al-Batouti, Economic Adviser to the World Tourism Organisation.
Pointing out that the UAE has played a major role in supporting the recovery of global tourism, he said he's expecting 16 million tourists to visit the country this year.
The country, Al-Batouti noted, is set to add 18,000 new hotel rooms over the next two years, and about 60,000 by 2024.
He highlighted how the UAE ranked first in the Arab world and among the top 10 globally in four competitive indicators for tourism and travel in 2021, confirming the country's position as one of the world's most preferred tourist destinations.
Expo 2020 Dubai and the World's Coolest Winter campaign have played a crucial role in supporting the tourism sector and strengthening its position globally.
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.
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".
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.