| | OCTOBER 20224Interestingly, the business activity in the UAE's non-oil private sector economy recorded its highest reading for the year in May as output and new orders surged amid rising client demand. The cities like Dubai and Abu Dhabi are making the most out of this. According to the World Bank's forecasts, the economies in the Middle East and North Africa (MENA) region are expected to grow by 5.2 percent this year, the fastest rate since 2016, on the back of oil-price windfalls benefitting the region's oil exporters. The war and the virus could still influence this trend.For the first time in its modern history, the UAE is stepping its foot off the accelerator of the Oil business. The private corporate sector has enormous responsibilities on its shoulders. Attracting travelers from around the globe to Dubai and Abu Dhabi is a big part of the Emirate's future. Abu Dhabi is betting big on Indian tourists to boost its tourism sector's growth. The city also has other events in the pipeline, including pre-season NBA games, Formula One, and UFC, to attract international tourists. The Department of Culture and Tourism ­ Abu Dhabi (DCT ­ Abu Dhabi) has signed a multi-year strategic partnership with the NBA. The two NBA Abu Dhabi Games on October 6 and 8 will offer Abu Dhabi's residents the opportunity to see the world's top basketball superstars facing off live for the first time in the region. This will combine with interactive, immersive fan events throughout the city. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comMore Diversification in BusinessEditorial Vol 04 · Issue 5 - 1 ·OCTOBER, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayAssistant EditorHeena Kousar NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Senior Designer Girish M AsokanVP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Keerthana Kantharaj Sthitaprajnya Panigrahi Roopalatha H Tanuja Akkanavar Shirly Pabisha T
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