Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the emirate leads the world in the return to normality after he toured the Arabian Travel Market on Tuesday.
"Exhibitions are returning, tourism is recovering, real estate is rising, investment is accelerating and exports have reached new highs," Sheikh Mohammed wrote on Twitter.
"Normality returns to Dubai, praise be to God ... and Dubai leads the world in return to normality."
He was accompanied by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.
"We are constantly working with our partners to enhance the growth of the tourism and travel sectors at local, regional and international levels," Sheikh Mohammed said.
"The UAE plays a unique role on the global stage as a country that bridges the markets of the East and the West.
"Our unique strengths place us in a good position to play an influential role in opening new horizons of growth for these sectors globally and create fresh opportunities for the worldwide economy.
"Hosting the six-month Expo 2020 Dubai, the largest World Expo in the history of the event, has further reinforced Dubai’s status as a hub for business, tourism and investment."
The Arabian Travel Market, held at the Dubai World Trade Centre, opened on Monday and concludes on Thursday.
The event is considered a bellwether for the travel industry in the Middle East, offering an insight into the trends that will shape the year ahead.
More than 1,500 exhibiting companies from 158 countries are taking part in the four-day tourism event that will welcome about 20,000 visitors.
Countries seeking to revive their tourism numbers are featuring on the exhibition's show floor, from Japan to Jamaica and South Africa to Italy.
Travel and tourism are starting to show signs of recovery from the effects of the coronavirus pandemic, with many companies starting to step up recruitment as countries reopen their borders.
Company%20profile
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'Texas Chainsaw Massacre'
Rating: 1 out of 4
Running time: 81 minutes
Director: David Blue Garcia
Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Scoreline
Liverpool 3
Mane (7'), Salah (69'), Firmino (90')
Bournemouth 0
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The specs: 2018 Maserati Levante S
Price, base / as tested: Dh409,000 / Dh467,000
Engine: 3.0-litre V6
Transmission: Eight-speed automatic
Power: 430hp @ 5,750rpm
Torque: 580Nm @ 4,500rpm
Fuel economy, combined: 10.9L / 100km