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Modern architecture has taken giant strides in the last couple of decades. In all this,  the importance of efficient power distribution has become important.  According to experts, busbars have emerged as a key component in this transformation, revolutionising how electrical systems are designed and implemented in contemporary buildings. These sturdy and versatile conductors offer a streamlined solution for distributing electrical power with enhanced safety and reliability. As […]

HANOI, VIETNAM – Media OutReach Newswire – 26 December 2024 – While the EV industry is entering a period of sustainable but somewhat slower growth, VinFast’s long-term commitment to pure electric vehicles and the support of its parent company, Vingroup, give it a unique advantage. With a long-term vision for green mobility, VinFast has leveraged the industry slowdown to strategically expand its presence and build strong growth […]

By Dr. Gyan Pathak A Joint Director of the Department of Woman and Child Development and the Special Secretary of the Health and Family Welfare Department of the National Capital Territory of Delhi placed public notices in newspapers on December 25, 2024, stating that two state government schemes of their respective departments were “fraudulent”. This […]

Climate change poses a significant threat to the survival of frog species endemic to Brazil’s Araucaria Forest. Recent studies predict that these species could lose between 35% and 100% of their suitable habitats within the next 50 years. The Araucaria Forest, located in southeastern Brazil, is home to several frog species found nowhere else on Earth. These amphibians are particularly vulnerable to environmental changes due to their […]

Singaporeans are invited to nominate their “Real Ones” to celebrate those who embody responsibility who make moderation their mantra SINGAPORE – Media OutReach Newswire – 26 December 2024 – With the festive season in full swing, Asia Pacific Breweries Singapore (APBS) is turning the spotlight on embracing authenticity and championing moderate drinking with the launch of its latest campaign, ‘Keep It Real, Keep It Moderate’. Aimed at […]

Emirates Global Aluminium (EGA) has finalized a green loan agreement to finance its acquisition of a U.S. aluminum plant, marking a significant move in the company’s international expansion strategy. The loan, a green financing deal, aligns with EGA’s commitment to sustainable operations, combining environmental responsibility with strategic growth in North America. The green loan, valued at $500 million, will support the acquisition of the U.S.-based aluminum facility […]

BANGKOK, THAILAND – Media OutReach Newswire – 26 December 2024 – PTT Global Chemical Public Company Limited (GC) has been ranked No. 1 in the chemicals business category of the Dow Jones Sustainability Indices (DJSI) World Index for the sixth consecutive year by S&P Global. This recognition reflects GC’s adherence to global standards in sustainable business operations, focusing on Environmental, Social, Governance, and economic (ESG) principles. GC […]

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By Dr. Arun Mitra Perplexed with Amit Shah’s statement on Dr Ambedkar in the Parliament, the drama created by the Bharatiya Janata Party (BJP) at the entrance gate of the Parliament and later registering an FIR against Rahul Gandhi was a very low level and reprehensible act with the aim to divert the attention of […]

HONG KONG SAR – Media OutReach Newswire – 25 December 2024 – On December 14th, VT Markets took centre stage at the 2024 Traders Fair financial expo in Hong Kong, marking yet another milestone as a leading global financial trading service provider. Showcasing its industry-leading innovations and services, the award-winning brokerage garnered significant attention for its unique market insights and forward-thinking solutions. Knowledge is Power VT Markets […]

Dubai Electricity and Water Authority (DEWA) has unveiled plans to invest AED 7 billion ($1.9 billion) in a comprehensive smart grid project, aiming for completion by 2035. This initiative is designed to enhance the efficiency, reliability, and sustainability of Dubai’s electricity and water services. The smart grid will integrate advanced technologies from the Fourth Industrial Revolution, including artificial intelligence (AI) and the Internet of Things (IoT). These […]

Abu Dhabi’s tourism industry is experiencing significant growth, marked by a substantial increase in visitor numbers and a corresponding expansion of its workforce. From January to October 2024, the emirate welcomed 4.8 million hotel guests, surpassing pre-pandemic figures and achieving a 26 percent increase in international arrivals compared to 2023.

This surge in tourism has been accompanied by a notable rise in employment within the sector. The World Travel & Tourism Council (WTTC) forecasts that by the end of 2024, the UAE’s travel and tourism sector will employ nearly 833,000 individuals, reflecting an increase of more than 23,500 jobs from the previous year.

Abu Dhabi’s ambitious Tourism Strategy 2030 aims to further elevate the sector’s contribution to the economy. The strategy sets a target of attracting 40 million visitors and generating 178,000 new jobs by 2030, which would bring the total employment in the tourism sector to approximately 366,000.

The emirate’s hotel industry has mirrored this upward trend. In the first five months of 2024, Abu Dhabi hotels received over 2.4 million guests, generating revenues totaling AED 3.18 billion. The distribution of hotel guests during this period was as follows: 498,700 in January, 507,400 in February, 433,700 in March, 500,080 in April, and 471,800 in May.

The UAE’s broader tourism sector has also demonstrated robust performance. In the first half of 2024, hotel establishment revenues across the seven emirates increased by 7 percent to reach AED 24.6 billion. The number of hotel guests during this period reached approximately 15.3 million, reflecting a 13 percent growth compared to the same period in 2023.

Abu Dhabi’s commitment to enhancing its tourism offerings is evident in its strategic initiatives and investments. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has been instrumental in promoting the emirate as a premier global destination, focusing on cultural tourism, heritage preservation, and the development of world-class attractions. Notably, more than 3.9 million visitors have engaged with Abu Dhabi’s cultural sites, museums, and landmarks, underscoring the increasing importance of cultural tourism as part of the city’s diverse offerings.

The private sector has also played a pivotal role in this growth trajectory. Etihad Airways, the state-owned Abu Dhabi carrier, reported a 66 percent increase in net profit for the first nine months of 2024, earning AED 1.4 billion compared to AED 814 million in the same period the previous year. This financial upturn is attributed to a 35 percent increase in passenger traffic, with the airline transporting 13.6 million passengers over the year.

The expansion of the tourism sector has had a positive ripple effect on employment. The WTTC forecasts that by 2034, the sector will contribute more than AED 275 billion to the UAE economy, accounting for almost 11 percent of the GDP, and is projected to employ over 928,000 people across the country, with one in nine residents working in the sector.

Abu Dhabi’s strategic vision for tourism is not only focused on increasing visitor numbers but also on enhancing the quality of experiences offered. The emirate is investing in infrastructure development, regulatory improvements, and the advancement of digital transformation in civil aviation to support the ongoing travel recovery and ensure seamless and secure cross-border mobility.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 December 2024 – As the year draws to a close, traders are turning their attention to the Santa Claus rally, a period known for delivering consistent market gains. Kar Yong Ang, a financial market analyst at Octa Broker, explores the rally’s history, key factors, and strategies that enable traders to capitalise on this annual phenomenon. Understanding the Santa […]

SINGAPORE – Media OutReach Newswire – 23 December 2024 – Madame Tussauds Singapore is proud to unveil the wax figure of Zendaya, the award-winning actress, singer, and global fashion icon. Known for her standout performances and trailblazing influence in the entertainment and fashion industries, Zendaya’s figure is a must-see for fans and visitors alike. Photo by Madame Tussauds Singapore The wax figure perfectly captures Zendaya’s charisma and […]

By Dr. Gyan Pathak India’s National Human Rights Commission has been losing its global credibility very fast. Since June 1, 2024, the post of NHRC Chairperson has been lying vacant and its re-accreditation with the Global Alliance of National Human Rights Institutions (GANHRI) was deferred for 12 months, for a second consecutive year. Now, on […]

Vietnam is increasingly popular among Indian tourists, consistently topping reports and surveys as a favoured destination. While Da Nang remains the most beloved city for Indian travellers to Viet Nam, Phu Quoc has emerged as a ‘rising star’ for this market. PHU QUOC, VIETNAM – Media OutReach Newswire – 24 December 2024 – With significant investments in infrastructure and tourism services, Da Nang and Phu Quoc are […]

MOSCOW, RUSSIA – Media OutReach Newswire – 24 December 2024 – Wildberries, a leading e-commerce platform in Eurasia, will increase its warehouse capacity by more than twofold in 2025 to support its dynamic growth. The Company is currently finalizing the construction of warehouse complexes with a total area of more than 2.3 million square meters (equivalent to over 320 football fields) in its regions of operation. Most […]

Abu Dhabi’s renewable energy company, Masdar, is significantly expanding its presence in Europe through a series of strategic acquisitions and partnerships aimed at bolstering its renewable energy portfolio. These initiatives align with Masdar’s ambitious goal to achieve 100 gigawatts (GW) of renewable energy capacity globally by 2030. In a notable transaction, Masdar has agreed to acquire Spanish renewables group Saeta Yield from Brookfield for approximately $1.4 billion. […]

By Nantoo Banerjee It will be unfair to expect much from the new Reserve Bank governor, Sanjay Malhotra, a career bureaucrat and former revenue secretary, in terms of delivery of key functions of a central bank chief such as controlling inflation, stabilizing domestic currency, foreign exchange control and lifting economic growth. If three of his […]

HONG KONG SAR – Media OutReach Newswire – 23 December 2024 – DYXnet, a wholly-owned subsidiary of VNET Group, Inc. (NASDAQ: VNET), is proud to celebrate its 25th anniversary in 2024, marking a quarter-century of excellence in supporting enterprises on digital transformation journeys. DYXnet hosted the Annual Luncheon 2024 in December, themed “Each Chapter a Milestone, Each Step a Leap Forward”, to kick off a new era […]

Ras Al Khaimah (RAK), the northernmost emirate of the United Arab Emirates (UAE), is actively pursuing a diversified energy strategy to meet its future needs. The emirate’s Energy Efficiency and Renewable Energy Strategy 2040 aims to achieve 30% savings in electricity consumption, 20% savings in water consumption, and a 20% contribution from renewable energy in the supply mix, compared to a business-as-usual scenario. A key component of […]

Hungarian-based technology leader underscores its commitment to education, sustainability, and innovation SINGAPORE – Media OutReach Newswire – 23 December 2024 – Graphisoft, a global leader in Building Information Modeling (BIM) software for the architecture, engineering, and construction (AEC) industry, is poised to deepen its impact in Southeast Asia, driven by surging demand for advanced digital tools amid the region’s rapid development and growing focus on sustainable construction […]

By D Raja History of the Communist Party of India in the last 100 years is a glorious saga of struggles and sacrifices for our country and its people. History of our freedom movement and our progress after independence are incomplete without the blood and sweat of communists all over the country. The foundation day […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 19 December 2024 – The Best Places to Work certification program has unveiled the top 3 best workplaces in Malaysia for 2024, with AIA, Novo Nordisk, and Diversey earning the highest honors for their outstanding commitment to employee well-being, innovative practices, and exceptional workplace cultures. AIA has been topping the Best Place to Work in Malaysia for 2024, demonstrating […]

HONG KONG SAR – Media OutReach Newswire – 22 December 2024 – On December 20th, Fushi Technology is set to launch its AI Agent industry vertical applications in the Southeast Asia region to help businesses improve efficiency and optimize operations. Fushi Technology is an investment of Hong Kong-listed company Yeahka Limited (9923.HK). In 2024, Fushi already expanded its client base in Southeast Asia, including over 200 global […]

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