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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.

The Transformative Power of Travel

The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in...

Kuwait Airport expects 13% rise in passenger numbers, says DGCA

KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...
  • The total passenger traffic from Kuwait International Airport in the present summer season is expected to reach 5.75 million passengers.
  • Kuwait Airport expects to operate 45,000 flights this season, an increase of 15 percent compared to last year.

UAE witnesses record 2.4m tourists in first six months of 2023

Abu Dhabi, UAE - A record 2.4 million tourists visited the UAE during the first six months of 2023, a...
  • The emirate’s hotel establishments generated revenues exceeding AED3 billion during the same period, a 26 percent growth compared to last year.
  • The hotels also recorded an average occupancy rate of 70 percent, with the average stay in the emirate's hotels being 2.7 nights.

To boost tourism, Saudi Arabia expands visitor e-visa to eight more countries

Riyadh, Saudi Arabia-- Looking to boost leisure, business and religious travel to the kingdom, Saudi Arabia will grant visitor e-visa...
  • The kingdom's visitor e-visa is valid for an entire year, grants multiple entries, and permits a stay of up to 90 days
  • The oil-rich country has seen rapid growth in tourism due to its visa initiatives, which now include 57 nations

PIF sets up tourism firm Asfar

Firm Saudi Tourism Investment Company has been set up.
  • The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions.
  • The company will leverage Saudi Arabia’s unique strategic location between the three continents of Asia, Africa and Europe

Will climate change hit Mediterranean tourism?

In Spain, the thermometer has shot 15 degrees above normal summer season levels. Italy has also laboured under heatwaves with...
  • In Greece, thousands of tourists have been evacuated in recent days from the islands of Rhodes and Corfu which have been ravaged by fires
  • According to a recent note from Moody's, "heatwaves may reduce Southern Europe's attractiveness as a tourist destination in the longer term

Travel companies give wings to Saudi tourism aspirations

Fueling this ambition is an intricate web of travel companies, including tour operators, airlines, accommodation providers, cruise lines, and destination...
  • The Kingdom, aiming to draw 100 million yearly visitors by 2030, is planning to invest over US$1 trillion in tourism over the next decade
  • Travel companies play a key role in promoting Saudi tourism, developing packages, and collaborating with public sector entities

Arabian Nights in Malaysia: Middle Eastern cuisine and adventure await Arab tourists

Malaysia's Bukit Bintang district offers a delightful fusion of Middle Eastern cuisine and bustling tourist attractions to charm Arab travelers.
  • Authentic Arab food, especially the Levantine variety, in Bukit Bintang is as easily available as in Doha or Kuwait
  • Presence of Yemeni-themed restaurants not only enhances the cuisine scene but pays homage to Malaysia's historical connections with Yemen

Saudi Arabia harnesses technology to boost tourism sector

VR and AR technologies offer tourists pre-visit virtual explorations of cultural and natural sites, driving engagement and anticipation. Onsite, the...
  • Technologies such as Virtual Reality, Augmented Reality, E-visas, and e-payment systems are enhancing the tourist experience in the Kingdom, say experts
  • NEOM, which epitomizes Saudi Arabia's innovative approach, is set to become a global showcase of advanced design and digital experiences, they add

Louvre Abu Dhabi displays new collection of artworks from across the world

ABU DHABI, UAE – The Louvre Abu Dhabi has displayed new acquisitions including three artworks by Pablo Picasso alongside loans...
  • The artworks complement the museum’s narrative and enrich its collection and serve as windows into different eras, civilisations and artistic movements.
  • Each item tells a unique story, shedding light on the richness of human creativity and the timelessness of artistic expression.

Saudi Catering, RSG ink pacts

The contracts are valid for 20 years, said Saudi Catering.
  • The first contract includes the design, building, operation and transfer of a central laundry to serve hotels, resorts as well as other facilities.
  • The second contract includes the design, building, operation and transfer of a central production unit for catering and facilities management services.

The Transformative Power of Travel

The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in...

Company News

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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...

‘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...

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....

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DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
  • Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.
  • Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.

ADIO and Dustour Marine to drive tourism activities in Abu Dhabi

Abu Dhabi, UAE -- Abu Dhabi Investment Office (ADIO) is collaborating with Dustour Marine Wooden Boats Trading Establishment to establish...
  • Located in Rabadan, the new Al Jaddaf project will provide a comprehensive sea paddle infrastructure tailored for boats.
  • The 79,595 sqm project will encompass buildings dedicated to boat maintenance and repair, a center for boat buying and selling, a shop catering to fishermen supplies

flynas receives 50th jetliner out of 120 Airbus A320neo ordered

RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the...
  • The deal with Airbus was a strategic step for flynas, consolidating its position as a leading low-cost airline in the Middle East.
  • The company is moving forward in its plan to double the fleet size after getting approval to purchase 250 aircraft.