The UAE ranked first among Arab countries and fifth globally for the quality of its roads, according to the Travel and Tourism Development Index 2024 issued by the World Economic Forum.
The report also stated that the country topped the list of Arab countries and was ninth globally in the efficiency of its port services, and 10th globally and second among Arab countries in the efficiency of its public transport.
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, stressed that the results are a testament to the viability of the UAE’s long-term strategic plans, which present ample opportunities for growth.
He said the UAE is "committed to developing vibrant sectors and positioning the UAE as a leading destination for business and leisure. Ranking high on global indicators directly contributes to enhancing the confidence of international investors on the lookout for a reliable business environment.”
Hanan Mansour Ahli, Director of the Federal Competitiveness and Statistics Centre, stated, “The UAE has become a benchmark for quality of roads, public transport services, and port services. This will help attract foreign investments and enhance the GDP.”
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
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