Red Sea Tourism , Coastal Development and Coral Reefs Coral Reefs Coral reefs underly ocean biodiversity and contribute significantly in the economic, social, touristic and cultural scope . The extent of biodiversity of coral reefs incorporating a multitude of symbiotic relationships , encompasses 285,000 km2 covering less then 0.1 % of the ocean exterior. Coral colonies
Diversification in Middle Eastern Economies It seems diversification is the name of the new game being played across the oil producers in the Middle East. The AD Ports Group of Abu Dhabi business model is integrally comprised of Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports. The UAE is a significant investor in
Credit SoharPort/Free Zone Oman Rail and Tourism Plans to construct a 303 km passenger and freight rail line connecting the deep sea port of Sohar and its Free Zone to Abu Dhabi seem to be materialising . Investment involved in the rail project is in the range of $ 3 billion. Sohar Port is nestled
Qatar Competes with UAE ? Qatar has embarked upon sports tourism in a big way and is endeavoring to compete with the United Arab Emirates. It may overshadow UAE in the long run by spending astronomical amounts. The tourism sector of Qatar launched a marketing campaign prior to the World Cup 2022 . The campaign
IMF and Foreign Debt Sri Lanka entered into negotiations with the International Monetary Fund (IMF) as it was unable to repay around $ 7 billion in foreign debt due in the year 2022. The country’s total foreign debt exceeds $ 51 billion of which $ 28 billion has to be repaid by the year 2027.
Cannabis Smoking for Tourists The City Council of the metropolitan and port city of Amsterdam has altered its bye laws. Effective from May this year restrictions are being placed on smoking cannabis by tourists in coffee shops which had been following a " policy of toleration " .Smoking marijuana has also been forbidden in public
Term Blue Economy The term “blue economy” entered common parlance after the United Nations (UN) Conference on Sustainable Development held in the year 2012 to promote marine ecosystem integrated management .Yet the ensuing concluding remarks did not allude to the word blue. The emphasis during the UN conference was about building adequate capacity for
