According to a recent study by PayFort, the GCC’s online retail revenues are expected to reach $69 billion by 2020. “The UAE leads the way regionally in terms of online sales, with 62 percent of citizens now shopping online, and annual sales expected to reach US$23.7 billion by 2022.” This was stated by Mauro Romano, CEO, ArabClicks, during an exclusive interview with Gulf Today.
The UAE Government’s new foreign direct investment, FDI, law passed in 2018 could accelerate FDI flows by up to 20 per cent this year, from the eight per cent average growth rate, as per the recent estimates of the Ministry of Economy.
Through its theme of "Building a Community with a Shared Future for Mankind - Innovation and Opportunity", the China Pavilion will be one of the largest at Expo 2020 Dubai, occupying a land area of 4,636 sq m.
The Bank of Japan (BOJ) is expected to forecast this week that inflation will remain below its 2 per cent target through the fiscal year that ends in March 2022, sources say, a sign its massive stimulus will stay in place for the foreseeable future.
The Islamabad Chamber of Commerce & Industry (ICCI) has planned to organise a Business Opportunities Conference (BoC) and Awards Ceremony in in Kuala Lumpur, Malaysia in the last week of June 2019 with the aim to promote business linkages between the private sectors of Pakistan and Malaysia.
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 are providing the bedrock for increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1 per cent,
Microsoft has reinforced its commitment to the regional education sector by bringing the world-renowned education-technology conference BETT to the Middle East and Africa (MEA) for the fourth consecutive year. The theme this year is “Building a Successful Change Culture to Meet the Evolving Needs of 21st-Century Citizens”.