Middle East tourism projected to reach $350 billion by 2030: ATM report
Dubai, UAE – The Middle East’s tourism sector is poised for unprecedented expansion, with a new report predicting a 50...Business Tourism
The five biggest-selling gaming consoles
From the first video game consoles of the 1970s to the Nintendo Switch 2 due out on Thursday, hundreds of...Technology Business
Spain grabs 3% Telefonica stake after concerns over Saudi deal
Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...Spanish state-owned holding company SEPI said in a filing with the stock market regulator late Monday that the move was "in line with a cabinet decision in December".
At the time, the government of Socialist Prime Minister Pedro Sanchez said it was to safeguard the firm's "strategic capacities and essential importance" to Spain
Saudi RCU begins rock excavation for Sharaan Resort in AlUla
ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the...The initial excavation symbolizes the start of a mission that combines Jean Nouvel’s architectural innovation with Bouygues' engineering expertise.
This milestone is an important step forward in AlUla's evolution into a premier destination for sustainable luxury tourism.
Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings
ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...AlUla’s Old Town, with its origins going back over 700 years, prospered along the renowned incense trade route.
With over 900 traditional mudbrick homes, the Old Town stands as a testament to the Kingdom’s enduring cultural heritage.
Olympics tech firm Atos posts huge loss
The company posted a net loss of US$3.7 billion for 2023.The company reported a net loss of 3.4 billion euros ($3.7 billion) for 2023 due to asset writedowns and said it was aiming for a debt restructuring by July
Atos, the International Olympic Committee's technology partner since the Salt Lake City winter games in 2002, is in charge of managing more than 300,000 accreditations
Alibaba Cloud opens training center in Dubai
It will be a hub for customers to lift up "digital competence."The training centre will empower Alibaba Cloud’s ecosystem partners and customers through delivering training, workshops, and certifications
The program corresponds with the Dubai Economic Agenda D33's goal to double Dubai's economy through digital transformation contributions
OPEC chief calls for more investments in oil industry to meet energy demand
Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...Al Ghais said the investments are crucial for ensuring reliable energy supplies for current and future generations
At the same time, the secretary general noted the organisation's active involvement in climate change negotiations
Türkiye’s traditional realty charm: Alive or fading?
Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional...Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for the region amid economic fluctuations.
Despite challenges, the ongoing infras and urban renewal projects in Türkiye, a country straddling Europe and Asia, signal a promising horizon for property investments.
Geopolitical tensions boost oil, weigh on equities
Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest...Moscow has escalated its aerial attacks on Kyiv, targeting key infrastructure in the wake of Ukrainian attacks on Russian oil facilities.
Russia is a key producer of oil, while the Gaza-Israel war has given rise to worries about Middle Eastern crude supplies.
Aramco CEO highlights collaboration with Beijing at forum in China
AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in...The CEO acknowledged China's economic growth in recent decades, and expressed admiration for the country’s ability to overcome challenges.
He underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners.
RSG, Hyundai Motor ink pact
The two firms will explore opportunities in various areas.The two parties will focus on validating and deploying Hyundai Motor Group's eco-friendly mobility solutions.
They will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility and maritime vessels.
