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FINANCIAL NEWS
Political turbulence harms tourism in the region
04 Jul 2013
(MENAFN) As crisis in Syria is still storming, affecting not only locals but also neighboring countries, tourism traffic from Gulf countries -to what once used to be gulf people attractions- has slumped dramatically especially after constant warnings issued by officials, new reports by accountancy firm Ernst & Young.
Countries like UAE was a gainer of such drop with Dubai reported positive growth in all key performance Indicators (KPIs). The report found about 3,500 new branded hotel rooms were added to the Dubai hotel supply chain.
It’s worth mentioning that all troubled countries have witnessed a severe drop in tourism sectors such as occupancy in Beirut decreased 8 percent in the first four months of 2013 while Jordan recorded 21% drop and Egypt 20%.
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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