Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Bahrain and GCC look to boost ‘convention, exhibition’ industry

The move aligns Bahrain with the standards of the Organisation for Economic Co-operation and Development (OECD) which spearheaded the global minimum 15-percent rate.
  • The Bahrani minister spoke of the kingdom's resolve to continue developing the exhibitions' sector by providing it with facilities
  • The two sides discussed establishing more major international events and exhibitions across the cities of the GCC countries

Manama, Bahrain— Bahrain and the Gulf Cooperation Council (GCC) are looking to boost cooperation in the convention and conference industry in the region.

In this regard a meeting was held in Dubai to discuss ways to enhance collaboration at the level of the Gulf Cooperation Council (GCC) countries.

Fatima bint Jaafar Al Sairafi, Minister of Tourism, spoke during her meeting today, at the EWB in Sakhir, with Mahir Abdulkarim Julfar, Executive Vice-President at Dubai World Trade Centre, Mubarak Al Shamsi, Director of the Abu Dhabi Convention and Exhibition Bureau at the Department of Culture and Tourism, and Khalid bin Walid al Zadjali, Director of Oman Convention Bureau at the Ministry of Heritage and Tourism.

She underlined the kingdom’s keenness to continue developing the meetings, incentives, conferences, and exhibitions sector, by providing it with various requirements and facilities, which will contribute to achieving the goals of the Bahrain 2022-2026 Tourism Strategy.

She pointed out that the Exhibition World Bahrain (EWB), the newest and largest exhibition and convention centre in the Middle East and the winner of the “World’s Leading New Exhibition and Convention Centre 2023” at the World Travel Awards 2023.”, includes modern facilities, large exhibition spaces, and a clear strategic vision, taking the kingdom to broader horizons of progress and prosperity in the promising exhibitions and conferences sector on a regional and global scale, which contributes to promoting business tourism.

The minister and GCC officials discussed the establishment of more major international events in GCC countries, based on the depth of the deep-rooted fraternal relations among the bloc’s member states.

The GCC officials praised the Kingdom’s ambitious tourism strategy aimed at consolidating its status on the tourism map and in several vital sectors, especially in the field of business tourism and the exhibition and conference industry.

This is supported by advanced infrastructure in the field of hospitality, various hotel options and unique tourist attractions in the region, they said.

They stressed their commitment to strengthening joint tourism cooperation and supporting efforts to attract more major international events in the region.