Dubai further consolidated its status as a hub for international business events in 2023, with the city winning a record 349 bids to host major conferences, meetings and programmes.
This marks a 49 per cent increase in successful bids compared to 2022, according to the emirate's official convention bureau, Dubai Business Events (DBE).
These new events that were secured in 2023 are set to attract over 191,000 international delegates. While some of these already took place last year, others are to be held over the coming years.
Bidding activity and success have continued to accelerate since the COVID-19 pandemic, with the number of bid wins in 2023 exceeding the previous record of 295 bids registered in 2019.
"To keep the momentum going, we have charted ambitious plans for the year ahead and are working closely with all stakeholders – from hotels and event organisers to venues – to attract the biggest and most prestigious events and congresses to the city and raise the profile of Dubai as a year-round global business events destination," said Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment.
US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.
The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project, a luxury five-star hotel intended to be a landmark addition to the hospitality and tourism sector in Egypt.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.