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Some listed UAE companies still turned in revenue and profit growth gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
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Morgan Stanley, Nomura say it's time to bet on Dubai tourism arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.
Dubai: Morgan Stanley and Nomura Holdings Inc. say it s time to bet on a rebound in Dubai s tourism industry as 200,000 travelers fly in to the city for the Christmas and New Year holidays. The rollout of COVID-19 vaccines, a thaw in relations with Israel, and the rescheduled Expo 2020 exhibition will benefit the emirate, the strategists say. The travel rebound and Expo in October will bring a better-than-expected impact on growth and profits, said Tarek Fadlallah, the CEO of Nomura Asset Management s Middle Eastern unit. Katherine Carpenter, a London-based equity analyst at Morgan Stanley, predicted a bumper winter tourism season, in 2021, as well as a small but incremental boost from an easing of regional tensions. ....