• Abu Dhabi Chamber and UAEIIC team up to boost investment

    Abu Dhabi, UAE--The Abu Dhabi Chamber of Commerce and Industry has signed an agreement with the UAE International Investors Council to collaborate in investment and futuristic economic sectors. According to the agreement, the Abu Dhabi Chamber and the Council will exert their best efforts to eliminate any obstacles that may...
  • European tourists make a beeline for Sharjah as 400,000 visit in 2023

    Sharjah, UAE-- Nearly 400,000 visitors from Europe have traveled to Sharjah during last year, marking a notable 28 percent increase compared to the previous year, with Europeans constituting 27 percent of the total visitor count. Sharjah Commerce and Tourism Development Authority (SCTDA) made the announcement during its press conference on...
  • ATO partners with ISM to boost tourism in the Middle East

    Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve growth and innovation within the tourism sector in Arab countries. The agreement comes as an extension of the ATO’s efforts to develop and enhance the tourism industry in the Arab...
  • Abha Valley has potential to be a tourist destination

    ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features and variety of terrain that makes it ideal for tourism. Situated at an altitude of 2,983 meters and having steep slopes, the basin, with a dense vegetation cover, is terraced...
  • Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023

    DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 such projects in H1 2023, as per Financial Times ‘fDi Markets’ data - the comprehensive online database on cross-border greenfield investments. Dubai continues to set new benchmarks in...
  • Ajman’s exports rise 19 percent in H1 2023

    AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023). The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3...
  • Qatar records 70% growth in annual FDI between 2019 and 2022

    Doha, Qatar-- Qatar has recorded a 70 percent growth in annual foreign direct investment (FDI) between 2019 and 2022. Just last year alone, the country received $29.78 billion in foreign investments, resulting in 13,972 jobs across sectors such as business services, technology, financial services and other industries. Investment Promotion Agency...
  • Bahrain secures 9th spot in survey for best expat destinations in world

    Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report published by global expat network InterNations. The country gained the higher position out of all the countries in the Middle East thanks to the ease of getting a visa, dealing...
  • Sharjah real estate transactions in May valued at US$653m

    SHARJAH, UAE - The emirate's real estate activity during May 2023 logged a total value of US$653 million (AED 2.4 billion), further enhancing Sharjah's position as an ideal destination for investors, businessmen and families. The Real Estate and Mortgage Report issued by Sharjah Real Estate Registration Department (SRERD) revealed that...
  • Over 3.8m passengers transit through Sharjah Airport in Q1 of 2023

    SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01 per cent increase over the same period in 2022. The airport is expected to achieve even higher growth rates by the end of 2023.   The aircraft movement for the...
  • TRENDS poll: GCC residents opt to be in Dubai for Eid vacation

    Most of the participants, in the poll from as far away as Egypt and Lebanon, picked up Dubai to celebrate the festival in, with Doha coming at a distant second.
  • MoIAT, Ras Al Khaimah Economic Zone ink pact to promote industrial growth in UAE

    ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ) Thursday signed a Memorandum of Understanding (MoU) with the aim of enhancing the UAE’s appeal as an investment destination. Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and...
  • DEWA launches construction work of Hatta Sustainable Waterfalls project

    DUBAI, UAE -   MD & CEO of Dubai Electricity and Water Authority (DEWA)    Saeed Mohammed Al Tayer has launched the construction work for the Hatta Sustainable Waterfalls project. The  US$12 million (AED 46 million) project was recently awarded to DEWA and is part of the company's social and investment responsibility...
  • Dubai tourist arrivals vault 134% from Jan to Oct

    Dubai’s hotel inventory in October 2022 comprised 144,737 rooms at 790 hotel establishments compared with 122,185 rooms available at the end of October 2019.
  • Mohammed bin Rashid approves Dubai rural area development master plan

    DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the Dubai Countryside and Rural Areas Development Master Plan, spanning an area of 2,216 square kilometers. The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al...
  • Sales of Al Rahmaniyah Commercial Lands begins

    SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of the second phase of sales of the "Al Rahmaniyah Commercial Lands" project. The project follows increasing demand for the company's latest real estate projects. Located in the Rahmaniyah suburb of...
  • Dubai FDI wins UN award for best practices in tracking investments

    The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its successful efforts in capturing FDI trends and patterns toward positioning the city as a global investment destination.
  • Saudis beat the heat in City of Fog

    The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to escape the sweltering summer heat of up to 50 degree Celsius.
  • Over 7mn international visitors in Dubai in H1 2022

    Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52 million tourists who visited during the same period in 2021.
  • UAE ahead of US, UK as millionaire destination

    The Ukraine conflict has triggered the biggest immigration of high-net-worth Russians, many of whom are likely to move to the Emirates.
  • Saudi announces weekly international flights to NEOM megacity

    Saudi Arabia's main airline will next month start operating weekly international flights from the kingdom's planned futuristic megacity known as NEOM, with Dubai as the first destination, state media reported Monday. The weekly NEOM-Dubai flights operated by flag carrier Saudia will begin "by the end of June 2022, with plans...
  • Flydubai posts 114% jump in passenger bookings in Q1

    Flydubai has reported a 114 percent jump in passenger bookings in the first quarter of the year. The airline said it has operated 19,000 flights and carried 2.35 million passengers during the period. Moreover, the airline also witnessed an increase in demand for connecting traffic with 43 percent of the...
  • Dubai eyes top global livability spot

    DET and HSBC Bank Middle East have signed a Memorandum of Understanding (MoU), paving the way for increased cooperation in further enhancing Dubai’s position as a global livability destination.
  • UAE an attractive work destination for GCC countries, says pension authority

    The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according to the 2021 statistics released by the General Pension and Social Security Authority (GPSSA). A total of 6,903 employees from GCC countries work in the UAE, out of the total...
  • AlUla will become top tourist destination: French ambassador

    Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations due to its natural components and diversified history.
  • Riyadh Season 2021 has ‘big surprises’ in store

    The event featuring concerts, theater performances, wrestling matches aims at making the Saudi capital a tourism entertainment destination.
  • Obhur Bay, the go-to spot for pleasure seekers

    To beat the sizzling summer heat, Obhur Bay is a go-to destination for many in Saudi Arabia. It is a favorite getaway of many of the governorate’s families and visitors.
  • MENA: Saudi Arabia was top FDI destination in 2020

    Saudi Arabia received $10.4 billion in investment  FDI projects in the kingdom fell by 49 percent to 73  Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...