Dubai welcomed 1.77 million international tourists in January, which was an increase of 21 per cent compared to 1.47 million visitors in the same period last year.
Figures in a report issued by Dubai's Department of Economy and Tourism showed Western Europe ranked first for the number of international tourists coming to Dubai with 327,000 visitors followed by GCC countries with 311,000 visitors and South Asia ranked third with 294,000 visitors.
According to the Dubai Tourism Performance Report for January issued by the Dubai's Department of Economy and Tourism, the number of international visitors from Russia, the Commonwealth of Independent States (CIS) and Eastern Europe reached 262,000 or 15 per cent, ranking fourth, while the number of visitors from the Middle East and North Africa (MENA) region reached 211,000 or 12 per cent of the total number of tourists coming to Dubai, ranking fifth.
North and Southeast Asia ranked sixth with 149,000 visitors and a share of 8 percent, followed by the Americas in seventh place with 115,000 visitors or about 6 per cent of the total number of international visitors, Africa in eighth place with 71,000 visitors representing 4 per cent, and Australia in last place with 33,000 visitors representing 2 per cent of the total number of international visitors.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.