Travel / Tourism / Tour / Traveling / Tour Operators / Business / Dubai / News Pick / TTW APP NEWS / dubai

Dubai to waive bank guarantee, to inject $68m in tourism ecosystem

Posted On: Jan 14, 2019   |   Posted By: Travel and Tourworld

Dubai to waive bank guarantee, to inject $68m in tourism ecosystem

For tourism-related service providers Dubai Tourism has released approximately $68 million in bank guarantees to start travel and tour business in the emirate. This is followed by the waiver of the prerequisite regulatory requirement.
Dubai's economy will get instant liquidity via the new deregulatory measure that will facilitate in lowering the cost of doing business and help further investment in the sector.
Through this the Dubai Tourism wants to directly benefit more than 2,000 travel and tour operators and agencies in Dubai. This is in complete alignment with the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai to bring about a surge in Dubai's economic growth through regulatory initiatives.
Announcing the new measure, director-general of Dubai Tourism, Helal Saeed Almarri said that as they were heading into the new year with the promised of boosting tourism arrivals keeping in mind 2022-2025 tourism strategy and vision to turn Dubai...

Continue reading ...

 








Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

Mueller's office disputes bombshell report on Trump's alleged involvement...

Mueller's office disputes bombshell report on Trump's alleged involvement with Michael Cohen's testimony to Congress

Thomson Reuters The special counsel Robert Mueller's office disputed a BuzzFeed News report that said Michael Cohen, President Donald Trump's longtime attorney, was instructed... Read more ...

This $17 Resistance Band Set Means No More New Year's Resolution Excuses

This $17 Resistance Band Set Means No More New Year's Resolution Excuses

Still haven't given up on those new year's fitness goals? This resistance band set lets you get a full workout in any room in your house, with up to 150 pounds of resistance if... Read more ...

Spain receives 82.6 million foreign tourists last year

Spain receives 82.6 million foreign tourists last year

As per Spanish government figures, the country received a national record of 82.6 million foreign tourists last year. Read more ...

More than a million Britons visit New York in 2018

More than a million Britons visit New York in 2018

More than a million Britons visited New York last year, as the Big Apple witnessed a record-breaking year for tourism. NY welcomed 65.2 million tourists last year, as per new... Read more ...

South Dakota Tourism welcomed 14.1 million tourists in 2018

South Dakota Tourism welcomed 14.1 million tourists in 2018

It is consecutive ninth year, South Dakota Tourism saw increased growth in tourism to the state in 2018. Read more ...

Travellers embrace Airbnb for 2019 Chinese New Year, Songkran and Golden Week

Travellers embrace Airbnb for 2019 Chinese New Year, Songkran and Golden Week

The new data shows that travellers to Thailand are increasingly turning to Airbnb for accommodation during big tourism events. Read more ...

Chicago welcomed more than 57.6 million visitors in 2018

Chicago welcomed more than 57.6 million visitors in 2018

A new tourism record was set by Chicago as it welcomed more than 57.6 million visitors in 2018 showing a growth of 4.3 per cent as compared to the same period last year. Mayor... Read more ...

Edinburgh airport welcomes record 14 million people

Edinburgh airport welcomes record 14 million people

Edinburgh airport welcomed over 14 million people recording a 6.5 per cent rise over the last year 2017. It is the busiest airport of Scotland and saw international growth of... Read more ...

Kangaroo Island experiences record tourism number

Kangaroo Island experiences record tourism number

Last week, the cost and benefits related to cruise ship visitation was the subject of an interesting letter to The Islander and we are following up the questions... Read more ...

Thailand has widened VOA fee waiver

Thailand has widened VOA fee waiver

Visa-on-arrival fee waiver of Thailand for citizens of 20 countries along with China and India will be extended until April 30. The 2,000 baht visa-on-arrival fee exemption... Read more ...