A tourist near the Byzantine-era monument of Hagia Sophia, at Sultanahmet square in Istanbul, Turkey. Reuters
Dubai’s economy continues to experience sustained growth from the contribution of business tourism, thereby driving the nation’s economic diversification agenda prioritised in the UAE Centennial 2071 strategy.
Turkey, one of the world’s largest tourism destinations, is all set to attract a huge number of visitors from the Middle East as the country sees this region is a big contributor to its tourist inflow, said Salih Ozer, Attache of Culture and Information, Turkey to the UAE.
Turkey predicts annual real economic growth at 4.3% on average between 2019-2023, it said on Monday in an ambitious five-year development plan promising efficiency and competitiveness.
Excluding the energy sector, GDP fell by 1.5 per cent year-on-year in the 1st quarter, against an increase of 3.6 per cent last year compared to Q1 2018.
The Board of the Central Bank of the UAE (CBUAE), has decided on additional measures within the Targeted Economic Support Scheme (TESS), launched initially in March 2020 to further enhance the capacity of the banking sector to support the economy.
The current developments and future prospects of the global oil markets were deliberated on Friday by the oil ministers of the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Iraq.