Compared to other independent providers of macroeconomic research, we have three outstanding qualities:
- The quality and breadth of our staff. We employ more than 30 economists and a similar number of support and administrative staff. This is far higher than most of our competitors, and larger than the majority of economics teams at investment banks. Moreover, our key people all have extensive front-line experience of financial markets. Our economists work closely together to enable us to provide the full service which clients need.
- The style and content of our research. It is concise, timely and written in a jargon-free and user-friendly style. We are acutely conscious of the competing pressures on our clients’ time. Accordingly, our research is designed so that clients can, if they so wish, quickly glean the essential message without reading the whole document.
- The flexibility of our services. Our research is provided in a variety of different packages covering different geographies and sectors, with varying amounts of personal contact with our economists. This allows clients to select subject areas and packages which exactly suit their needs – and their budgets.
Many potential clients naturally wonder why they should pay for economic research, given the large amount apparently distributed for “free” by investment banks and brokers. The answer is simple: because research is important and the quality is reflected in the price.
In reality, of course, clients are paying for bank and broker research through dealing spreads and commissions. But this research is rarely independent or unbiased. Independence has always been important in the conduct of research and the provision of advice. These days, though, bearing in mind recent history and the pressures on investment banks, it is probably even more important. This has now been recognized by the regulators around the world and it is increasingly appreciated by clients and commentators.
Econytics is majority-owned by its management and staff, with no business in securities or other financial products. We are therefore independent and have no conflicts of interest. Our loyalties are quite simply to our clients, to whom we pledge to provide full, unbiased coverage and to “tell it as we see it”, whether that is good or bad.
Our economic philosophy is broad-based and pragmatic. The worst research is often based on dogma or “black box” , or generic economic models. Although we take full account of the existing generic models, and the will know sources of public economic studies and projections , and we do relay on them when required, we do not believe that there is any one generic model with "Fit all Sizes" and non would be adequately reliable for any specific study, and a careful understanding of the problem and data being Analyzed and full assessment of the condition and existing environment does enable us to create a custom tailored model or approach with a deep interpretation of existing data, would make the big difference between providing a text box academic generic empirical research and Practical real life application of the economic study
We are not afraid to challenge the conventional wisdom and stand out from the pack. This is reflected in our economic and market forecasts, which are often very different from the consensus. We avoid simply reporting past developments and aim instead to provide original and forward-looking analysis, with strong and clear conclusions.When conducting an economic research about Global markets, Oil and Energy forecasts we do not make specific policy or asset allocation recommendations. But we do provide detailed analysis and forecasts for the performance of the main asset classes, and always seek to draw out the market implications of our economic views.
The paramount values which we seek to uphold are independence of thought, insight, clarity, brevity, accuracy and good judgment.
Tourism is a key contributor to the UAE’s GDP and experts predict that it is role is set to grow. Travel and tourism is expected to make up 12.4 per cent of the UAE’s GDP by 2027. The latter is evident when comparing tourist numbers over recent years. In the first 9 months of 2017, Dubai attracted 11.58 million tourists, showing a 7.5 per cent growth as compared to 2016. The largest number of visitors came from India, followed by China. However, since the UAE government announced that Chinese visitors would be granted visa-on arrival, the number of Chinese tourist arrivals increased by 46%, which represents the largest growth in tourist numbers.