Emirates NBD's Haque: Dubai Outlook Is Optimistic

The transcript discusses economic trends, highlighting increased business volumes and optimism in the third quarter, driven by the travel and tourism sector. It examines the impact of holidays and the role of oil prices in supporting the economy, particularly in Dubai. The diversification of tourism sources away from traditional markets is noted, with a focus on new flight routes. The transcript also analyzes Saudi Arabia's economic reforms, including public sector wage cuts and plans to issue a sovereign bond, as part of Vision 2030. The short-term economic outlook is discussed, with expectations of slower growth and tighter liquidity.

What sector significantly contributed to the improvement in Dubai's economic activity in the third quarter?

• Real Estate

• Manufacturing

• Travel and Tourism

• Agriculture

How has Dubai's tourism market changed in terms of visitor demographics?

• Exclusive focus on GCC countries

• Increased reliance on Russian visitors

• Shift towards non-European and non-Russian visitors

• Focus on attracting more Chinese tourists

What impact did Brexit have on Dubai's tourism sector?

• Increased visitors from the UK

• No impact on UK visitors

• Increased visitors from Europe

• Decrease in visitors from the UK due to weaker sterling

What is a major concern for Saudi Arabia's economy as discussed in the video?

• Over-reliance on agriculture

• High inflation rates

• Public sector wage cuts

• Lack of foreign investment

What is the expected growth rate for Saudi Arabia's economy next year?

• 1.5%

• 2%

• 4%

• 3%