Islamic economy growing at twice the rate of global economy.
Dubai saw a 3.5 per cent decrease in occupancy to 82.5 per cent as well as double-digit drops in ADR (-11.6 per cent to Dh833.78) and RevPAR (-14.7 per cent to Dh687.63).
While the UAE ranks as the 37the most affordable destination for expats, Oman is placed 18th and Bahrain 23rd. Kuwait and Qatar are relatively not so affordable at 45th and 46th positions.
Six-nation bloc may become the sixth largest economy by 2030.
Zaiko later told a Russian FM station that the black box was recording flight parameters until the very moment the Boeing 737-800 hit the ground.
Re-exports dropped 25.3 per cent to Dh18.93 billion compared to the previous year.
Regardless of a deluge of media reports about their embattled chairman, some 60 employees working in UB Emirates main office in Dubai and branches in Abu Dhabi and Ajman continued with their routine work on Thursday without showing any sign of concern.