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G7 plan could help Belt and Road Initiative


G7 plan could help Belt and Road Initiative
By JAN YUMUL and XU WEIWEI in Hong Kong |
China Daily Global |
Updated: 2021-07-06 10:03
A G7 logo is seen on an information sign near the Carbis Bay hotel resort in St Ives, Cornwall, southwest Britain, May 24, 2021. [Photo/Agencies]
A plan by the Group of Seven to help developing nations scale up infrastructure can only complement, rather than replace, the China-led Belt and Road Initiative, which has already forged deep ties in many parts of the world, according to experts.
As people wish the G7 s plan would be paired with the BRI, potential conditions attached to financial aid from the West would make it easier for many nations to ultimately conclude that sticking to the BRI would be more beneficial. ....

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What will the UAE economy look like in the next few years?


Dubai: Coronavirus pandemic pressed pause on the global economy’s progress. The UAE’s open economy hinged on tourism and oil encountered attacks from many directions. As the economy recuperates, its priorities over the next few years are expected to change.
A year into the fight between disease and development, the ramifications of the event are apparent. The Federal Competitiveness and Statistics Centre said the UAE’s economy contracted by 6.1 per cent in 2020. As the world’s air travel hub and an international centre of trade and business, the global restrictions on movement stunted the economy.
A look back 
The Arab world’s second biggest economy witnessed the first contraction of its GDP since the financial crisis in 2009 as the pandemic led to a significant slump in rent, trade, foreign investment and energy prices. ....

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Dubai lures Wall street jet-setters as business revives


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As restrictions hamper travel to hubs including London and Singapore, Dubai is fast becoming a winner in the more than $1 trillion global events industry. The emirate plans to host one of the biggest gas conferences and an African investor summit this year, while top cricketers are set to gather in the UAE for a popular tournament and later, for the T20 World Cup. ....

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Dubai attracts events and conferences as business revives


RIYADH: Dubai is moving full-speed ahead with in-person events on the back of fewer travel restrictions and one of the world’s most-connected airports, Bloomberg reported.
The UAE also has among the fastest vaccination programs, with 15 million doses administered in a population of 10 million.
Dubai is fast becoming a winner in the more than $1 trillion global events industry, while restrictions hamper travel to hubs including London and Singapore.
The emirate plans to host one of the biggest gas conferences and an African investor summit this year, while top cricketers are set to gather in the UAE for a popular tournament and later, for the T20 World Cup, according to Bloomberg. ....

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