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

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...

Saudi Arabia ranks 2nd fastest growing tourism destination in world

The kingdom received about 7.8 million international tourists for all purposes during the first quarter of 2023, representing its highest...
  • The kingdom also became 13th globally, advancing by 12 places, as one of the top countries receiving international tourists in 2022
  • The number of international tourists who visited the kingdom, for all travel purposes, hit 16.6 million in 2022, WTO reported

Three new beaches for night swimming open in Dubai

Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming...
  • The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock.
  • The emirate’s wide diversity of beaches provide people the opportunity to enjoy vibrant seaside dining and diverse activities, WAM reported.

Global tourism industry is on track to reach pre-pandemic levels

MADRID, SPAIN -  The World Tourism Barometer published its second report of the year, which showed that international tourism is...
  • During Q1 2023, twice as many people traveled internationally than in the same period of 2022, with 235 million estimated tourists.
  • The report revealed that international arrivals have reached 80 percent of pre-pandemic levels in the first quarter of 2023.

Saudi Arabia launching tourism projects worth $400m

Riyadh, Saudi Arabia - Saudi Arabia is launching tourism projects worth SAR 1.5 billion ($400 million) in the targeted destinations...
  • The Saudi Ministry of Tourism has sponsored ‘The Collective’ initiative launched by Kerten Hospitality, a hotel investment firm, to establish its projects under one umbrella
  • The announcement represents an important step toward achieving the objectives of the national tourism strategy by developing quality hospitality facilities

GCC considers unified visa system to boost tourism

Ministerial-level talks are underway among the GCC nations to achieve a single visa agreement, says Bahrain's Tourism Minister Fatima Al...
  • Ministerial-level talks are underway among the GCC nations to achieve a single visa agreement, says Bahrain's Tourism Minister Fatima Al Sairafi during an event in Dubai
  • The unified GCC visa strategy aims to boost tourism sector's contribution to GDP, create employment, enhance competitiveness and ensure sustainability of the industry

Abu Dhabi named smartest city in MENA region and 13th globally

Abu Dhabi, UAE - Abu Dhabi has been named the smartest city in the Middle East and North Africa (MENA)...
  • The study surveyed 120 residents in each of the 118 cities and evaluated infrastructure and digital services available to them
  • It focussed on five main pillars: health and safety, mobility, activities, work and education system, and governance.

Over 3.8m passengers transit through Sharjah Airport in Q1 of 2023

SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...
  • The aircraft movement in Q1 of 2023 rose by 9.02 per cent, with 23,261 flights compared to 21,336 flights during the same period in 2022.
  • There have been continued efforts by Sharjah Airport Authority to increase passenger numbers and aircraft movements.

Arabian Travel Market unveils Monday in Dubai

DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...
  • The event, on May 1-4, will see global travel, tourism, and hospitality experts discuss how their industry is ‘Working Towards Net Zero’.
  • Exhibitor participation in the event has risen by 27 percent compared to last year’s event, with growth registered across all show sectors.

DET to highlight Dubai’s tourism in Arabian Travel Market

DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination,...
  • DET is supposed to highlight how the city’s tourism industry is supporting the journey towards achieving the UAE’s Net Zero 2050.
  • DET will showcase cuisine from Emirati businesses and local, homegrown brands whilst ensuring that all giveaways are sustainable.

Hollywood sensation Jason Momoa is new ‘Chief Island Officer’ of Yas Island Abu Dhabi

Abu Dhabi, UAE – Yas Island Abu Dhabi, the country’s leisure and entertainment destination, appoints Jason Momoa to be the...
  • American actor Momoa assumes the former role of stand-up comedian Kevin Hart who announced the end of his reign as Chief Island Officer earlier this year
  • In the new trailer video, Jason is seen making a casual yet epic entrance on a paddle board announcing that his calling has led him to “this ridiculously awesome job.”

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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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...

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...

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...

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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid

GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...
  • Four years on, the GCC has not just recovered faster than was expected, but it has also led the global tourism recovery with a 122% surge in arrivals in 2023 compared to 2019
  • The region has assiduously worked for it with its two major economies, Saudi Arabia and the UAE, embarking on economic diversification with tourism one of the thrust areas

New shipping service in Saudi Arabia launched

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...
  • The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.
  • This will further establish the Kingdom's position as a global logistics hub that bridges three continents,

Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia

Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...
  • This is in line with Rotana’s ambitious goal of launching eight properties in Saudi Arabia.
  • Dar Rayhaan by Rotana offers 133 keys, including 113 rooms and 20 suites,