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Travel trends shift as UAE residents explore new destinations

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 Insights

28-Apr-19 Travel marketplace Wego ranks Egypt first for MENA travellers, followed by India, Saudi Arabia, Turkey and USA. "55 percent of travellers in 2019 booked a 12+ day flight compared to 39 percent in 2018," said Mamoun Hmedan, Director, Wego. [image: Alamy / Khaleej Times]

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Gulf banking consolidation 'long overdue'

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22-Apr-19 The wave of M&A in GCC financial services is needed to raise efficiencies and build the scale required to increase investments in financial technology, as payment solutions are increasingly enabled by fintech, according to Rishi Kapoor, co-CEO of Investcorp. [image: ADCB / Handout via Thomson Reuters Zawya]

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Saudi Aramco shifts strategy in China to boost oil sales

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14-Mar-19 Rising Russian and US competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift towards independent refiners and newcomers to the business, after years of dealing only with state-owned Chinese energy firms. [image: Reuters / Ahmed Jadallah]

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Abu Dhabi to increase spending on tourism marketing by USD136 mn

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13-Mar-19 Abu Dhabi has allocated AED0.5 bn (USD136 mn) for tourism marketing over three years. The funding will highlight attractions such as Louvre Abu Dhabi and Warner Bros World, and the Guggenheim Abu Dhabi project is reportedly also 'still active'. [image: Lourve Abu Dhabi / Handout via Thomson Reuters Zawya]

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