Tourism

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

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...
  • 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.

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

Layali Diriyah: Blending scents of history, culture, global flavors

Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance,...

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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.