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.
The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first EXPO, in 2020,
Japan’s Subaru Corp, long a laggard in electrification, plans to go greener with a target to get at least 40 per cent of its global sales from full-electric or hybrid vehicles by 2030.
India’s economic slowdown stifles demand of thermal coal imports from key industrial consumers. Country’s thermal coal imports have dropped for three months running, their longest sustained fall in over two years.