Mexico to receive $7 billion in energy sector investments: Energy Minister

Optimism for Mexico’s energy sector amid challenging global scenario Mexico is set to receive some $7 billion in investment in the energy sector, the country’s Energy Minister Pedro Joaquín Coldwell said during his inaugural speech of the Energy Mexico 2016 Expo. “We are also currently carrying out the country’s largest gas duct expansion project with a $14 billion investment,” he added. During the event, several CEOs and business leaders from the sector expressed their optimism about Mexico’s recently reformed energy sector. “Mexico has the benefit of learning from the experience of other countries, and that allows it to continue improving. What we can highlight up to now is the flexibility and certainty in handling the process, which allows for long-term […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]