Tag: Growth

IMF: Saudi Arabia Surpasses Vision 2030 Tourism Goal, Boosts Growth

The Brew News Team Sep. 08, 2024

IMF Recognizes Saudi Arabia’s Surpassing of Vision 2030 Tourism Target, Boosting Economic Growth. Riyadh, Saudi Arabia: The International Monetary Fund (IMF) has highlighted Saudi Arabia’s tourism sector as a major contributor to its economic diversification in its 2024 Article IV Consultation report. The report acknowledges Saudi Arabia’s success in surpassing the Vision 2030 target of […]

Saudi Arabia stands to gain US$13.3 billion from Esports and gaming by 2030

The Brew News Team Aug. 29, 2024

Tech advancements, thriving gaming communities, substantial government investments and a planned World Cup is transforming the Kingdom’s Esports and gaming sector, promising 39,000 jobs by 2030. Riyadh, Kingdom of Saudi Arabia: By 2030, Esports and gaming in Saudi Arabia could contribute US$13.3 billion (SAR 50 billion) to the Kingdom’s GDP and generate nearly 39,000 jobs […]

Burjeel Holdings reports double-digit H1’24 revenue and Q2 patient growth

The Brew News Team Aug. 10, 2024

Burjeel Holdings delivered revenue growth of 10.4% to AED 2.4 billion in H1’24 Abu Dhabi: Burjeel Holdings PLC (“Burjeel” or “the Group”), a leading super-specialty healthcare services provider in MENA listed on the Abu Dhabi Securities Exchange (SYMBOL: BURJEEL; ISIN: AEE01119B224), announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the […]

Oxford Economics predicts 4.4% GDP Growth for UAE in 2024

The Brew News Team Oct. 10, 2023

ABU DHABI: Oxford Economics, an independent economic advisory firm, has predicted that the UAE economy will grow by 4.4% in 2024. This growth is being driven by a number of factors, including government initiatives to support economic diversification. In his statement to the Emirates News Agency (WAM), Scott Livermore, Chief Economist, Oxford Economics Middle East, […]

Dubai welcomes 4.67 million overnight visitors in the first quarter of 2023. Hotels with an occupancy of 83 % remain one of the highest in the world

The Brew News Team May. 02, 2023

Dubai: Dubai welcomed 4.67 million international overnight visitors in the first quarter of 2023, compared to 3.97 million tourists during the same period in 2022. This marks a 17 % YoY growth and the city’s best Q1 performance since the pandemic, placing it firmly on track to becoming the most visited international destination, according to […]

DIFC Launchpad to accelerate the growth of innovative start-ups and support the launch of over 200 new ventures

The Brew News Team Mar. 22, 2023

Dubai: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region officially announced the launch of its venture-building programme, ‘DIFC Launchpad’. The initiative seeks to develop a strong venture building model that promotes the growth of innovative start-ups and scale-ups in the region. His Highness […]

Dubai Chambers’ membership grows by 20%, while members’ exports and re-exports grow to exceed AED272 billion in 2022

Shaneer N. Siddiqui Feb. 21, 2023

Dubai: Dubai Chambers today unveiled a series of accomplishments for 2022 during a media briefing at its headquarters, demonstrating its diverse initiatives to support Dubai’s business community and dedication to realising its strategic goals in alignment with the city’s future development plans.  Present at the event were His Excellency Abdul Aziz Al Ghurair, the Chairman […]

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