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International

UAE tourism revenues top $5bn: Officials

INTERNATIONAL The United Arab Emirates' tourism sector's revenues surpassed $5bn in the first half of this year, officials said on Sunday, with a strong performance expected this winter when neighbouring Qatar hosts football's World Cup. Hotel occupancy was up more than 40 percent in comparison with the first half of 2021, when the country's tourism suffered a hit from the Covid-19 pandemic, UAE Prime Minister and Dubai ruler Sheikh Mohammed bin Rashid Al […]

today12 September 2022

Local

SA’s economy may be tanking — but one big sector exploded with growth of 28%

Even before the biggest blow of the coronavirus crisis landed – and despite a rush to stockpile goods ahead of the national lockdown – SA’s gross domestic product (GDP) shrank by 2.0% in the first quarter of 2020. This was the third consecutive quarter of economic contraction, but actually a much better performance than many were expecting. A Reuters survey among economists showed a median expectation of -3.8%. Still, the […]

today30 June 2020

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