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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Sustainably yours: Redefining travel for green future

The future of travel is expected to see greater use of renewable energy in transportation and advancements in technology, driving...
  • The tourism industry grapples with several environmental challenges, with notable concerns being the carbon emissions associated with air travel
  • Travelers can help reduce the negative impacts of tourism and support the long-term sustainability of the industry, by choosing sustainable tourism options

Almost half of all global destinations now offer digital nomad visas: UNWTO

Madrid, Spain - The number of destinations offering Digital Nomad Visas (DNVs) has risen significantly over recent years, with almost...
  • The rise in Digital Nomad Visas has gone hand-in-hand with an increase in digital nomads, with destinations in all regions working to meet the market trend
  • A DNV allows individuals to live and work in a foreign country while maintaining employment or conducting freelance work for employers or clients in their home or another country

Futuristic strategies elevate Dubai

Dubai's transformation from a humble fishing village to a global tourist powerhouse is nothing short of remarkable. Just decades ago,...
  • Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate investments, and cohesive destination development
  • The emirate exemplifies visionary leadership and adaptability, attracting millions yearly, and has shown resilience during crises like 2008 financial downturn and Covid pandemic

RSG, KHC set up joint venture

The JV will develop and own the Four Seasons Resort Red Sea.
  • The anticipated luxury resort is situated on Shura Island, the main hub for Red Sea destinations.
  • It will offer 149 rooms and suites, plus 31 residential properties, as well as six restaurants and lounge outlets.

Tech ticks: Metaverse, AI boost Jamaica’s tourism

From the metaverse allowing virtual experiences to the use of AI in training, Jamaica is at the forefront of integrating...
  • From the metaverse allowing virtual experiences to the use of AI in training, Jamaica is at the forefront of integrating technology into its tourism sector, says minister.
  • Jamaica is enhancing its tourism workforce with the Jamaica Centre for Tourism Innovation, amid a rise in South-South tech-tourism collaborations, adds Edmund Bartlett.

Saudi Arabia re-elected president of UNWTO executive council

Samarkand, Uzbekistan - The United Nations World Tourism Organization (UNWTO) approved the re-election of Saudi Arabia as president of its...
  • During the first presidency of the Kingdom in 2023, plenty of initiatives that comprised partnership, innovation, and progress were launched
  • In 2021, the kingdom launched the Sustainable Tourism Global Center during the Saudi Green Initiative in October 2021 to provide best practices to meet the sector needs

Fourth edition of Riyadh Season unveils its promotional video

Riyadh, Saudi Arabia – Riyadh Season's fourth edition has unveiled a promotional video featuring a range of scenes highlighting its...
  • The video includes the presence of the global boxing icon Mike Tyson, who is a partner in the first specialized boxing club in Boulevard City
  • It highlights the rapid developments in the entertainment sector in the Kingdom, the global nature of Riyadh Season, and the diversity of the activities and events it hosts

Red Sea Global launches Saudi’s first seaplane company

TABUK, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations -...
  • Fly Red Sea aims to transport guests to various resorts scattered among the islands of Red Sea Destination.
  • These resorts include St. Regis Red Sea Resort and Nujuma, Ritz Carlton Reserve, which would be inaugurated later in 2023

Visa-free Russia travel on the horizon for Saudi, Oman, Bahrain, Malaysia, Kuwait

Sochi, Russia -.Starting in 2024, travelers from Saudi Arabia, Oman, Kuwait, Malaysia  and Bahrain may no longer need tourist visas...
  • Russia and China have been ready to receive groups of visa-free tourists on a reciprocal basis
  • Visa-free group tourism was also launched between Russia and Iran on August 1

Hotels in UAE generate revenues of US$7bn in first seven months, says minister

ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of...
  • Hotel establishments in the country hosted 16 million guests in in the first seven months of 2023, said the UAE economy minister.
  • Some 56 million hotel nights have been booked while the occupancy rate reached 75 percent from January to July.

GCC is rewriting the narrative on cultural diplomacy

Partnerships with institutions like the Victoria & Albert Museum, Venice Biennale, and Hollywood productions elevate the GCC’s cultural landscape.

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Tunisian Jewish pilgrimage sees low turnout amid security fears

Djerba, Tunisia - Only a dozen pilgrims turned up Friday at this year's Jewish pilgrimage on Tunisia's island of Djerba...

Alberta seeks to charm the world with a solid tourism growth plan, says Minister Joseph Schow

Alberta's tourism sector, with attractions resonating with GCC travelers, aims for a $25 billion visitor economy by 2035, says Joseph...

‘Over 91 percent of travel bookings are now online’

Digitalization is revolutionizing travel, and data analytics is hyper-personalizing the sector, notably in GCC's growing business tourism, says Pallav Singhvi...

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ATM 2024 in Dubai to host 2,300 exhibitors from 165 countries

Dubai, UAE - The 31st edition of Arabian Travel Mart, 2024, taking place from May 6 to May 9, is...
  • ATM 2024 has seen a 21% year-on-year increase in participating hotel brands, alongside a notable 58% rise in new Travel Technology products on display
  • New destinations will be introduced at ATM 2024, including China, Macao, Kenya, Guatemala, and Columbia, while returning countries include Spain and France, among many others

Ajman seeks strategic alliances at Arabian Travel Market 2024

Ajman, UAE - The Arabian Travel Market 2024 (ATM) kicks off in Ajman from May 6 to May 9, celebrating...
  • Ajman has witnessed a significant surge in tourism, reflecting its growing appeal and popularity among domestic and international travelers
  • International arrivals have seen a remarkable 29% increase in 2023 compared to 2022, with international visitors constituting 60% of Ajman's total arrivals

Business and leisure combo drives GCC tourism boom

Business travelers worldwide are drawn to the GCC countries due to their rapidly growing economies, strategic geographic locations, and ambitious...
  • The region has positioned itself as a hub for a diverse range of travelers, including job seekers, investors, artists, and even those merely passing through
  • The GCC is becoming a hub for major cultural and entertainment events, from art exhibitions and live concerts to sports events