UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...

Arab Tourism Organization President Calls for Greater Cross-Border Cooperation to Drive Post-Pandemic Growth

 

Tourism

In the wake of the global COVID-19 pandemic, the tourism industry has faced unprecedented challenges. As countries gradually reopen their borders and aim for economic recovery, the President of the Arab Tourism Organization (ATO) has emphasized the need for enhanced cross-border cooperation in the Arab world. By fostering collaboration and implementing strategic initiatives, the ATO aims to drive post-pandemic growth and revive the tourism sector in the region.

Enhancing Regional Cooperation: The ATO president highlights the significance of regional cooperation to overcome the challenges posed by the pandemic. By joining forces, Arab nations can collectively promote tourism, share best practices, and develop coordinated strategies to attract international travelers. This cooperation will create a unified approach, leveraging the rich cultural heritage, diverse landscapes, and unique experiences across the Arab world.

Creating a Harmonized Travel Experience: To encourage post-pandemic travel, the ATO emphasizes the importance of creating a harmonized travel experience for tourists. This includes streamlining visa processes, improving transportation infrastructure, and enhancing security measures. By offering a seamless and convenient journey, Arab countries can position themselves as attractive and accessible destinations for global travelers.

Developing Sustainable Tourism: The ATO recognizes the need for sustainable tourism practices in the post-pandemic era. By preserving natural resources, protecting cultural heritage sites, and promoting responsible tourism, the Arab world can showcase its commitment to sustainable development. This will not only attract environmentally conscious travelers but also contribute to the long-term prosperity of the tourism industry.

Leveraging Digital Transformation: In the era of digitalization, the ATO president emphasizes the importance of leveraging technology to enhance the tourism sector. By investing in digital platforms, online marketing, and virtual experiences, Arab countries can showcase their unique attractions to a global audience. This digital transformation will enable potential visitors to explore and engage with the region's offerings, ultimately driving tourism growth.

Collaborating with International Partners: The ATO recognizes the value of collaboration with international partners to promote tourism in the Arab world. By forging strategic partnerships with global travel organizations, tour operators, and airlines, Arab countries can expand their reach and attract a wider range of tourists. Joint marketing campaigns, promotional events, and exchange programs can enhance the visibility and desirability of Arab destinations.

Conclusion: As the tourism industry looks toward recovery in the post-pandemic era, the Arab Tourism Organization President calls for greater cross-border cooperation among Arab nations. By working together, Arab countries can create a harmonized travel experience, develop sustainable tourism practices, leverage digital transformation, and collaborate with international partners. Through these efforts, the Arab world can drive post-pandemic growth, revive the tourism sector, and showcase its rich cultural heritage and natural wonders to the world.

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