The UAE has been ranked as the top medical tourism destination in the GCC.
That's according to the US-based Medical Tourism Association, which ranked Oman in second position and Bahrain at third.
Saudi Arabia and Kuwait stepped in at fourth and sixth positions respectively.
The ranking is based on a variety of factors, including patient experience, current levels of medical tourism, and the attractiveness of traditional tourism.
The value of the medical tourism market was about US$15.5 billion in 2017, and it is expected to grow to US$28 billion by the end of 2024, with a compound annual growth rate of about 8.8 per cent between 2018 and 2024.
According to the International Medical Travel Journal, global medical tourism spends on foreign treatment for GCC citizens amounts to more than US$2 billion per year. This high level of demand has resulted in an increase in local facilities offering new options for citizens, residents and tourists alike.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.