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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Bahrain eyes 14m tourists a year by 2026

Dilmun Burial Mounds in Bahrain is a UNESCO World Heritage site. AFP.
  • The kingdom also aims at 11.4 percent of GDP to come from the tourism sector by 2026.
  • Developing marine attractions, business tourism, sports tourism, recreational tourism and medical tourism among targets.

Bahrain aims to increase the number of tourists visiting the kingdom to 14.1 million a year by 2026.

Under the new 2022-2026 tourism strategy, announced by tourism minister Zayed R AlZayani, Bahrain also aims at an average daily visitor spend of 74.8 Bahraini dinars (about $199) and raising the average tourist stay to 3.5 days.

AlZayani said Bahrain is working on increasing the contribution of the tourism sector to GDP, which he said was raised to 7 percent currently, up from 4 percent in 2015, by the efforts of the Bahrain Tourism and Exhibitions Authority.

The Authority targets the contribution of tourism to GDP to reach 11.4 percent by 2026.

The minister said the strategy relies on seven pillars: developing marine attractions, business tourism, sports tourism, recreational tourism, medical tourism, cultural tourism, and media tourism and cinematography.

Bahrain Tourism is developing several tourism projects, including the diving waterfront, the Bahrain Bay beach project, and the Qalali Coast waterfront.

Other projects include the development of tourist resorts such as the Mantis Hotel and Resort in the Hawar Islands, the Jumeirah Bahrain Bay Resort, the Tourist City project, the Bilaj Aljazayer Beach development project, and the Saada project.