Emerging Markets Concerns Take Hold as Signs of Stability Boost Eurozone

Global Emerging Market Equity Allocations at Lowest Since 2008

Investors are returning to Europe as they retreat from emerging markets and Japanese equities, according to the BofA Merrill Lynch Fund Manager Survey for June.

Investor confidence has risen in the past month in spite of market instability and a 2.5 percent fall in world equities over the survey period. A net 56 percent of global investors believe the world economy will strengthen over the coming year, up from a net 48 percent in May. Equity allocations increased. A net 48 percent of asset allocators are overweight equities, compared with a net 41 percent in May.

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Dubai Delivers Its Official World Expo 2020 Presentation in Paris Today

Dubai’s official presentation for World Expo 2020 bid was delivered today during the 153rd Bureau International Exhibitions General Assembly meeting in Paris. Besides the official Dubai Municipality delegation, the event was also attended by Sheikh Mohammed bin RashidAl Maktoum, Vice President and Ruler of Dubai and his wife Princess Haya bint Al Hussein who spoke at the meeting. Read more

MENA Youth Unemployment Rate Highest Worldwide

Over 30% of the youth in MENA region is unemployed. In addition, more than 40% of the young people are not active. This means, that in order the problem to be tackled, around 85 million new job positions need to be opened over the next decade. In addition, young generations must be stimulated to take interest in jobs and employment, in general.

Although the problem with the high youth unemployment is a general trend in the world today, MENA’s rates are the most worrying ones. Over 30% of the young people in the Middle East North Africa region are without a job. Moreover, this figure is constantly increasing. As a result, youth unemployment levels in the region may surpass 40% in the next five years. What is even more disturbing is the fact that in some MENA countries the number of unemployed young people is over 50%.

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Most Expensive and Cheapest Cities for Travelers in 2013

As the summer holidays approach, the majority of people start to prepare for their vacations. While some tourists spend fortunes on a week or less of traveling and discovering exotic destinations, many prefer to arrange a holiday on a budget. No matter which of the two types you are, you may be interested to learn about the most expensive and most affordable cities in the world for tourists.

Travel website TripAdvisor published its TripIndex Cities 2013, in which in ranks the most expensive and cheapest cities popular among travelers in 2013. The report is based on the cost of an overnight stay in a 4-star hotel for two individuals in cities from all over the world, as well as the costs of an evening out.

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Emirates Set To Open World’s First Indoor Aviation Themed Attraction in London

300 square metre attraction located at the Emirates AirLine

In a world first Emirates, one of the world’s fastest growing airlines, has today announced plans to open an indoor aviation themed attraction in London this July.

London’s newest public attraction, the Emirates Aviation Experience, will be the first of its kind globally. The Emirates Aviation Experience, located at the South side of the Emirates Air Line in London, will cover an area of almost 300 square metres and will provide an insight into the operations and modern achievements of commercial air travel. Read more

WHO Advice for Healthy Travel to Saudi Arabia

One of the newest and deadliest respiratory viruses, the novel coronavirus or MERS, have first appeared in the Kingdom of Saudi Arabia. And as many people from all around the world, including the United Arab Emirates, are expected to travel to Mecca in July and August, there are several precautions to be taken, according to the World Health Organization. Read more

Global Economy & Gold Price 2014 Outlook

Here is the most recent commentary of Jim Rogers on global economy and gold price outlook for 2014.

Middle East Airlines to Reach Profits of $1.5 billion in 2013

Middle East Airlines are expected to report higher profits this year, according to IATA’s latest report. Carriers in the region are predicted to make a total of $1.5 billion. This estimate is rosier compared to the previous, which pointed that the figure will be equal to only $1.4 billion.

Read more: Dubai passenger traffic increased by 16.3% to 21.9 million year to date

From IATA researchers explain that the reason for this change in the forecast is mainly the strong passenger demand. Moreover, it is predicted to continue to rise and it may surpass the initial estimate of 12.6% and reach 15%. Read more

World Travel Awards opens voting for Asia, Australasia

Online voting for 2013 has now opened and the organizers of the awards are encouraging both trade and consumers to submit votes in order to determine those companies and organizations who excel in travel, tourism, and hospitality in the Asia&Australasia region. Awards to find the leading companies and organizations across different categories include “Leading Airline,” “Leading Tourist Board,” “Leading Destination,” “Leading Boutique Hotel Brand,” “Leading Experiential Holiday Resort,” “Leading Business Hotel,” ”Leading Design Hotel,” ”Leading Themed Resort,” ”Leading Apartment Hotel,” and many others. Read more

10 Happiest and Unhappiest Developing Countries in the World

Define happiness! Now that is one hard task. Happiness has many faces, manifestations and its meaning varies with every person.

Nevertheless, a new study has managed to find the happiest countries in the world. OECD (the Organization for Economic Cooperation and Development based its most recent Better Life Index on different factors like housing, income, employment rate, environment, education, health, safety and many others. The study focuses on 34 developing countries from nearly all continents. Read more

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