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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.

Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin...
  • The Kingdom plans on carrying 330 million passengers annually and raising freight capacity to 4.5 million tons by 2030.
  • Saudi Arabia and the Dominican Republic also signed agreements on air transport services between the two countries.

Russia plans visa-free travel with Latin American countries

MOSCOW, RUSSIA – A senior Russian official said that they intend to move towards visa-free travel with all countries of...
  • The Director of the Russian Foreign Ministry’s Latin American Department said that visa-free travel with all Latin American states is an achievable goal.
  • The statement on visa-free travel was made by the senior diplomat on the sidelines of the "Russia - Latin America" conference.

Producer Baz Luhrmann to be head of jury at Red Sea International Film Festival 2023  

JEDDAH, SAUDI ARABIA - The Red Sea International Film Festival has said that internationally renowned writer, director and producer Baz...
  • The festival's third edition will take place from November 30 to December 9 in Jeddah.
  • The event will showcase movies from filmmakers from the Arab region, Asia and Africa.

Innovation steers Middle East through tourism swings

Facing tourism seasonality challenges, the region diversifies offerings, enhances infrastructure, and collaborates, for year-round success despite temperature fluctuations.
  • The Middle East combats tourism seasonality and temperature challenges with innovative strategies for consistent year-round appeal
  • Using diversified tourism, improved infrastructure, and collaboration, destinations can maximize off-peak season benefits in the region

China grants Approved Destination Status to Saudi Arabia

RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom.The bilateral agreement, signed on...
  • The bilateral pact allows Chinese citizens to travel to Saudi Arabia in group tours in addition to facilitating greater ease of access.
  • ADS will drive greater connectivity between Saudi Arabia and China and unlock new opportunities across the tourism ecosystem.

Chinese President Xi Jinping declares biggest-ever Asian Games open

Chinese President Xi Jinping opened the 19th Asian Games in a colourful ceremony in Hangzhou, launching a two-week sporting extravaganza...
  • In front of Syrian President Bashar al-Assad and other visiting leaders, Xi officially opened the Games at the 80,000-capacity Hangzhou Olympic stadium.
  • The theme of the ceremony was water and it also celebrated Hangzhou's ancient history and landscape.

$15m paid in compensation to passengers in 2021-22 in Saudi Arabia, says GACA

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued...
  • These compensations were given primarily to deal with issues such as delays, loss of luggage, flight cancellations.
  • GACA aims to ensure that passengers are well-informed about their rights and can easily obtain refunds as per the regulations.

Sudan refugees bring off-season tourism to Egypt’s Aswan

Around 310,000 people have crossed from Sudan into Egypt since war broke out on April 15 between the forces of...
  • "Since our Sudanese brothers came from the war, work has started to get better and there's been more work in tourism,"a boat captain said
  • Egypt is currently going through its worst-ever economic crisis, which has devastated purchasing power across the country

Qatar Tourism appoints Olympic champion Mutaz Barshim as brand ambassador

Doha, Qatar - Qatar Tourism has appointed Olympic and World champion, Mutaz Barshim, as its newest brand ambassador.Barshim, who recently...
  • Barshim recently set a world record as the only high jump athlete to win five World Championship medals
  • Qatar recently concluded its Summer in Qatar season, which saw the debut of the country’s first-ever Qatar Toy Festival, and ‘Disney on Ice.’

EIH acquires stake in 9Yards Comm

The acquisition aims to broaden EIH's investment portfolio.
  • EIH has cultivated a diversified, innovative and sustainable investment portfolio comprising over 40 successful companies across various sectors.
  • 9Yards Communications has a broad client portfolio encompassing government entities and private organizations both domestically and internationally.

Tech and sustainability drive Singapore’s smart tourism vision

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...

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Saudi to bring in more tourists from the Caribbean with expanded eVisa program

Riyadh, Saudi Arabia – The Saudi Tourism Authority (STA), in collaboration with the Saudi Ministry of Tourism, has announced the expansion of...

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...

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...

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‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’

GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo...
  • What began with Emirates and Dubai has expanded to include Abu Dhabi, Qatar, Bahrain, and Saudi Arabia, says Fahim Jalalli, CEO of Kanoo Travel
  • The region hosts numerous trade shows, conferences, and exhibitions, and have so many hotels that are capable of accommodating tens of thousands of attendees, he adds

Meet Middle East tourism’s power players

Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent....
  • The region’s largest economy, Saudi Arabia, won encomiums for the "remarkable achievement" of receiving over 100 million tourists in 2023.
  • Motivated by this success, the Kingdom has now set a new ambitious target of welcoming 150 million tourists by 2030.

Tehran, Baghdad to launch maritime passenger transport line

TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
  • Given the readiness of Iran’s Abadan and Khorramshahr ports for the transportation of passengers to the destination of Wasliya and Basra ports in Iraq..
  • the officials of the two sides have expressed their readiness for the initiation of the transportation of passengers via sea, Ali Akbar Safaei emphasized.