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UAE tops Mena region in WEF’s Travel and Tourism Development Index

DUBAI / WAM The UAE has ranked first in the Middle East and North Africa (MENA) region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) . According to the report released on Tuesday, the UAE raised its score by 4.4 percent in the 2024 index, climbing seven places from its 25th global ranking in ...

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Private sector urged to meet H1 2024 Emiratisation targets by June

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has urged private sector companies employing 50 or more workers to meet their half-yearly Emiratisation targets for 2024. These targets call for a 1% growth in the number of Emiratis working in skilled jobs in these companies, in line with the relevant Cabinet Resolution. The ministry has set June ...

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Fitch raises Ras Al Khaimah’s credit rating to A+ from A

RAS AL KHAIMAH / WAM Ras Al Khaimah’s credit rating has been upgraded to ‘A+’ from the previous ‘A’, by the international credit rating agency Fitch Ratings. The upgrade reflects the emirate’s improved credit metrics driven by stronger medium-term growth forecasts. The growth forecasts for the emirate are based on large investment projects and further economic diversification. Ras Al Khaimah’s ...

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