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FINANCIAL NEWS
UAE tourism sector to reach USD7.67bn
13 Jul 2016
(MENAFN) Visitor spending in the UAE will grow by 3.3 percent this year, as the country will attract more than 15mn foreign visitors, and will reach USD7.67bn.
On the other hand, visitor spending totaled USD23.5bn in 2014 and USD26bn in 2015, the equivalent of 60 percent of all service exports.
Furthermore, the UAE is also predicted to post a significant surge in total household spending to USD72.71bn in 2016, up from USD65.82bn in 2015.
The retail industry currently attracts 23 percent of whole foreign direct investment inflows to the UAE, which still offers investment chances.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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