Business Blog

Abu Dhabi Islamic Bank got regulatory approval from the United Arab Emirates' central bank for its purchase of Barclays' BARC.L retail operations in the country 10 days ago, its chief executive said.

Abu Dhabi Islamic Bank expects to get regulatory approval from the United Arab Emirates' central bank for its purchase of Barclays' retail operations in the country in the next ten days.

Saudi Arabia's Dar Al Arkan Real Estate Development Co. plans to price a benchmark-sized, dollar-denominated sukuk of five years duration this week, a document from lead arrangers said.

Saudi Arabia's Dar Al Arkan Real Estate Development Co. plans to price a benchmark-sized, dollar-denominated sukuk of five years duration this week, a document from lead arrangers said.

Saudi Arabia's Dar Al Arkan Real Estate Development Co. plans to price a benchmark-sized, dollar-denominated sukuk of five years duration this week, a document from lead arrangers said.

Travel and Tourism in Saudi Arabia to 2018SynopsisThe report provides detailed market analysis, information and insights, including:- Historic and forecast tourist volumes covering the entire Saudi Arabian travel and tourism sector- Detailed analysis of tourist spending patterns in Saudi Arabia for various categories in the travel and tourism sector, such as - accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others- Detailed market classification across each category, with analysis using similar metrics - Detailed analysis of the airline, hotel, car rental and travel intermediaries industriesSummarySaudi Arabia has an oil-driven economy, as for several years the country has been dependent on oil and related sectors for economic growth. However, focus has shifted to development of other sectors such as tourism in order to decrease dependence on oil, particularly after the global financial crisis of 2009 when the oil sector declined at a rate of 9.0%. The move will also create employment opportunities in sectors other than oil within the country. Tourism in the country is significantly dependent on religious tourism and has witnessed an increase in the number of pilgrims over the years.ScopeThis report provides an extensive analysis related to the tourism demands and flows in Saudi Arabia: - It details historical values for the Saudi tourism sector for 2009–2013, along with forecast figures for 2014–2018 - It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009–2013 review period and the 2014–2018 forecast period- The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Saudi Arabia.- It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009–2013 review period and the 2014–2