The tourism sector in the UAE has continued its steady growth, with hotels generating AED33.5 billion in revenue during the first nine months of 2024, a four per cent increase compared to the same period in 2023.
The average hotel occupancy rate across the seven emirates rose to 77.8 per cent, one of the highest globally. Hotel nights reached approximately 75.5 million from January to September 2024, marking an eight percent increase year-on-year.
The figures were announced during the UAE's participation in the 27th session of the Arab Ministerial Council for Tourism, held at the headquarters of the League of Arab States General Secretariat in Cairo.
The UAE delegation reaffirmed the country's commitment to advancing joint Arab action in the tourism sector, emphasising its role as a vital economic driver and a key contributor to sustainable development in the Arab region.
The delegation also highlighted that joint Arab tourism efforts extend beyond economic benefits, serving as a platform to foster cultural relations and preserve Arab heritage.
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Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
The UAE has pledged $500 million in humanitarian assistance for Sudan, as international efforts continue to address the worsening crisis caused by the country’s ongoing civil war.
The Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) has partnered with Noor Dubai to launch a major drive to eradicate river blindness in Ghana by 2030.
Abdoulie Jobe, Minister of Tourism and Culture of The Gambia, has been honoured with the Best Minister Award at the World Governments Summit, for his inspiring work to boost his country's tourism and culture sectors.