INSEAD Day 4 - 728x90

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

Arab Tourism Organization, UNWTO sign memo to promote tourism

Arab Tourism Organization signs a cooperation memorandum with the World Tourism Organization. (File pic)
  • UNWTO Secretary Pololikashvili and ATO Secretary Fathi signed the memo at the 116th UNWTO Executive Council session, held recently in Jeddah
  • ATO spokesperson Dr Walid Al-Hinnawi said that the memo aims to develop the corporate and human capabilities and encourage investments

Arab Tourism Organization (ATO) has signed a cooperation memorandum with the World Tourism Organization (UNWTO)  to develop partnerships between the public and private sectors in activities and projects that contribute to the sustainable development of the tourism sector in Arab countries.

UNWTO Secretary General Zurab Pololikashvili and ATO Secretary General Sherif Fathi signed the memo on the sidelines of the 116th session of UNWTO Executive Council, which was held recently in Jeddah. 

ATO spokesperson Dr Walid Al-Hinnawi said that the memo aims to develop the corporate and human capabilities, encourage investments, unify sustainability and quality indicators and standards and the best practices for tourism governance.  

ATO Spokesperson Dr. Walid Al-Hinnawi said that holding the meetings of the UNWTO executive council in Saudi Arabia for the first time highlights the recent developments in the tourism industry in the kingdom and what they achieved within a record time.