Economy Middle East

2 days ago | economymiddleeast.com | Elias AL Helou

Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding with Baidu’s autonomous ride-hailing service taxis

1 week ago | economymiddleeast.com | Kate Dourian

Gulf Arab states, led by the UAE and Saudi Arabia, have witnessed a modest rise in electric vehicle (EV) adoption as they develop infrastructure to support a move away from internal combustion engines. Urbanization and economic growth have led to a rise in emissions from the transportation sector, making decarbonization an imperative in the drive to net zero carbon emissions.

1 week ago | economymiddleeast.com | Alp Sarper

There is something undeniably captivating about slipping behind the wheel of an Aston Martin. It’s more than just a car, a seamless blend of heritage, craftsmanship, and raw performance. Of course, the undeniable association with a certain British secret agent only adds to the allure. Over the years, I’ve had the distinct pleasure of driving several Aston Martins, beginning with the iconic DB7. This time, I find myself in the latest masterpiece to grace the marque’s storied lineup: The DB12.

1 week ago | economymiddleeast.com | Anthon Garcia

Despite another challenging year in many respects, the global hotel industry remained resilient in 2024. Through November, global hotel demand reached a staggering 4.8 billion room nights, 102 million more than 2023, resulting in RevPAR growth of 4 percent.

1 week ago | economymiddleeast.com | Joe Chidiac

Hospitality and tourism have always been a key pillar of economic diversification efforts by countries in the Middle East. What was once considered a supplementary industry is now reshaping economies and redefining the very concept of Middle Eastern hospitality. The numbers tell quite a compelling story. The Middle East recorded the strongest relative increase in international arrivals in 2023, with visitor numbers reaching 83 percent of pre-pandemic levels, outpacing global recovery rates.