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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Qatar Tourism head says country expects over 5m visitors in 2023

DOHA, QATAR - Qatar expects more than five million people to visit the Gulf state in 2023 despite a post-World Cup...
  • The head of Qatar Airways and Qatar Tourism admitted that hotels had fallen quiet after the World Cup final on December 19.
  • He insisted that every World Cup host has the same lull after the tournament and that hotels were still 65-70 percent full.

GCC citizens enjoy increased visa-free travel options

GCC citizens have some of the most powerful passports in the world, says a recent report by the Henley Passport...
  • GCC citizens have some of the most powerful passports in the world, says a recent report by the Henley Passport Index 2023
  • This trend is expected to continue, opening up new possibilities and opportunities for GCC citizens, the report adds

2,000 ancient sheep heads found in Egypt temple

Mummies of dogs, goats, cows, gazelles and mongooses were also exhumed by a team of US archaeologists from New York...
  • Sameh Iskandar, head of the American mission, said the ram heads were "offerings" indicating "a cult to Ramses II celebrated 1,000 years after his death".
  • Mostafa Waziri, head of Egypt's Supreme Council of Antiquities, said the finds will help people know more about the temple of Ramses II.

UAE shares view at first G20 Culture Working Group meeting

ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG)...
  • G20 members, invited countries and international organizations attended the meetings of the Culture Working Group.
  • The meeting discussed the challenges and opportunities in the cultural ecosystem on a global scale.

Dubai is the new destination wedding choice for couples

DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...
  • This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings
  • Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions

Tourism in Iraq can be a success, says First Deputy Speaker of Parliament

BAGHDAD, IRAQ -  First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the...
  • Tourism in Iraq can be successful, says First Deputy Speaker of Parliament.
  • The First Deputy Speaker met with the Association of Travel and Tourism Companies in Iraq.

RAKTDA simplifies procedure for getting permits for Rak Holiday Homes system

RAS AL KHAIMAH, UAE-  Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced updates to its holiday homes system.RAKTDA has...
  • The updates are part of the Emirate’s efforts to continue diversifying and strengthening its existing accommodation portfolio of four- and five-star hotels and resorts.
  • These measures will help in driving a sustained tourism economy that benefits not only investors but also its communities.

Privacy remains key concern as facial recognition technology makes GCC travel sector secure, efficient

Face and iris recognition technology vary by country in the region, and expecting it to be implemented in many airports...
  • Facial recognition techniques vary in each country, and expecting it to be implemented in many large airports around the world in a short time is unrealistic, says an expert
  • People and organizations involved in the passenger moving process must strike a proper balance in terms of how they can begin implementing biometric technologies, he adds

DEWA launches construction work of Hatta Sustainable Waterfalls project

DUBAI, UAE -   MD & CEO of Dubai Electricity and Water Authority (DEWA)    Saeed Mohammed Al Tayer has launched the...
  • The Hatta Sustainable Waterfalls project is unique for its innovative architectural idea.
  • The Hatta Sustainable Waterfalls project will use the slope of the upper dam of Hatta plant to create a natural waterfall.

Dubai tourist arrivals vault 134% from Jan to Oct

Dubai’s hotel inventory in October 2022 comprised 144,737 rooms at 790 hotel establishments compared with 122,185 rooms available at the...
  • Dubai’s hotel inventory in October 2022 comprised 144,737 rooms at 790 hotel establishments compared with 122,185 rooms available in October 2019
  • UAE Tourism Strategy 2031 seeks to attract AED100 billion in additional tourism investments and 40 million hotel guests by 2031

‘Saudi Arabia’s tourism sector to achieve 150 million visitors by 2030’

Saudi Arabia isn't aiming to be the next Dubai but is forging its own unique path in tourism," Aradhana Khowala...

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Visa-free policies make Middle East preferred destination for Chinese travelers

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a...

SeaWorld Yas Island, Abu Dhabi wins Guinness World Records

ABU DHABI, UAE – SeaWorld Yas Island - the region’s first Marine Life Theme Park here -, has won a...

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...

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Ten years from home World Cup, Saudi sizes up ‘huge challenge’

As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
  • To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document
  • Saudi sports ministry is preparing to issue tenders worth 10 billion riyals ($2.69 billion) to build and expand football venues, according to domestic media

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.

World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...
  • Nestled within Qiddiya City, just 40 minutes from Riyadh, this never-seen-before anime theme park is set to become a spectacle.
  • Inspired by the seven legendary Dragon Balls, visitors can navigate seven distinctively themed zones within the park.