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Tourism sector represents 10% of world’s GDP: UNWTO

Mohammed Al Muhairi, undersecretary for tourism at the UAE Ministry of Economy and chairperson of the Middle East committee of the World Tourism Organisation (UNWTO), said that the tourism sector now accounts for 10% of the world’s gross domestic product (GDP). He added that the tourism sector accounts for 11% of the world’s total labour …

Nihal Samir

GDP to grow by 5.9% in 2022

A report issued by Statista expected Egypt’s GDP to grow by 4.4% this year, up from 4.1% in 2017. According to the report, the country’s GDP growth rate will grow strongly in 2019 at 5.3%, then by 5.76% in 2020 compared to 2019. According to the report, GDP will grow further in 2021. The market …

Mohamed Alaa El-Din