The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Tourism<br />
Dubai Surpasses Global and Regional<br />
Tourism Recovery Levels<br />
Dubai’s Department of Economy and Tourism has recently released statistics<br />
indicating that the city received 14.36 million foreign visitors who stayed<br />
overnight in 2022, marking a 97% year-on-year increase from the 7.28 million<br />
tourists who arrived in 2021. This growth aligns with the vision of His Highness<br />
Sheikh Mohammed bin Rashid Al Maktoum and has allowed Dubai to surpass<br />
regional and global tourism recovery levels.<br />
In order to maintain Dubai’s position<br />
among the world’s top three cities<br />
for business and travel, His Highness<br />
Sheikh Mohammed bin Rashid Al<br />
Maktoum, Vice President and Prime<br />
Minister of the UAE and Ruler of Dubai,<br />
has launched the Dubai Economic<br />
Agenda D33. According to the most<br />
recent statistics released by Dubai’s<br />
Department of Economy and Tourism, the<br />
city welcomed 14.36M foreign overnight<br />
guests in 2022, an increase of 97% YoY<br />
from the 7.28M tourists who arrived in<br />
2021, which goes hand in hand with the<br />
vision of His Highness.<br />
His Highness Sheikh Hamdan bin<br />
Mohammed bin Rashid Al Maktoum,<br />
Crown Prince of Dubai and Chairman<br />
of <strong>The</strong> Executive Council of Dubai said:<br />
“Dubai’s ability to rapidly accelerate<br />
tourism growth, which has marked it out<br />
as a clear frontrunner in the international<br />
industry, demonstrates the far-reaching<br />
vision of His Highness Sheikh Mohammed<br />
bin Rashid Al Maktoum to transform the<br />
emirate into an important global player<br />
in shaping the future of vital sectors.<br />
<strong>The</strong> remarkable rise in international<br />
visitation in 2022 supports the ambitious<br />
goal of the Dubai Economic Agenda<br />
D33 to double the size of the emirate’s<br />
economy by 2033.”<br />
Dubai’s 2022 tourism performance further<br />
validated its position as the No.1 global<br />
destination, with visitation reaching 16.73<br />
million in 2019. This achievement was<br />
104 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>
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