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.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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