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ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

GCC adopts tourism strategy, launches new platform

The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the...
  • The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism, as well as strategic partnerships between the GCC and other countries and parties
  • The development comes a couple of days after the launch of the UAE Tourism Strategy 2031 that comes under the ‘Projects of the 50'

Middle East’s sports path to boosting tourism

The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is...
  • Doha and Riyadh have been selected to host the upcoming editions of the Asian Games---Doha in 2030 and Riyadh in 2034.
  • The mountain resort of Trojene, which is being developed in Saudi Arabia's futuristic Neom city, will host the 2029 Asian Winter Games.

Tanzanian aircraft with 49 people on board plunges into a lake

Dar es Salaam, Tanzania— A domestic passenger plane plunged into Lake Victoria in Tanzania early on Sunday due to bad weather...
  • No information was immediately available on the number of passengers aboard the plane, but local media reports said around 49 people were on the flight
  • The accident comes five years after 11 people died when a plane belonging to a safari company crashed in northern Tanzania

Qatar says over 1.5 million apply for compulsory World Cup pass

All travelers to Qatar will need the pass to enter from November 1, whether they intend to watch a game...
  • Qatar has said it expects more than one million foreign visitors, as well as hundreds of thousands of domestic fans.
  • The two international airports in Qatari capital will handle 150,000 entries a day during the football tournament that begins on November 20

Qatar lures the rich with luxury World Cup

Those with bottomless budgets in the resource-rich region have attractive accommodation options too, with one third-party site offering $4,000-a-night hotel rooms...
  • Stadium crowds will include Qatar's migrant laborers, who were offered some tickets at $11 to watch a sport whose players and core supporters are traditionally blue-collar
  • United States, Britain, France, Mexico, China and India were among the countries where fans were showing most interest in packages for the UAE

Sharjah tourism body to highlight AI, technology in tourism

Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...
  • The authority will showcase new projects and emerging prospects in Artificial Intelligence and Metaverse.
  • SCDTA will highlight the innovative use of technologies and their impact on hospitality, tourism and commerce.

Middle East plays well to become sports tourism hub

Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a...
  • Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report
  • Amongst the GCC countries, the UAE, Saudi Arabia, and Qatar will see the majority arrival of travelers mainly from Asia, Europe, the Americas, Africa, and the UK, the report added

Saudi Arabia urges cooperation in tourism for sustainable future

Riyadh, Saudi Arabia - Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said more cooperation is a must for sustainable...
  • Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said the cooperation includes facing the issues spawned by Covid pandemic.
  • Al-Khatib said the tourism sector is “more capable of providing wealth and opportunities in places where they are most needed.”

Saudi Tourism Authority organizes promotional tour in GCC countries

The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and...
  • The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and regional markets
  • Earlier, Saudi Arabia passed a new tourism law which is expected to accelerate the development of an internationally competitive tourism sector

High-level UAE economic delegation visits Georgia

A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.
  • UAE-Georgian economic relations have witnessed remarkable development in recent years.
  • Total non-oil trade between UAE and Georgia in 2020 and 2021 grew by 52 percent to reach US$223 million.

Moonlit scramble across the sand for Turkey’s booming baby turtle population

Manavgat, Turkey - The baby loggerhead sea turtles emerged from their eggshells and began their first challenge in life: a wobbly...

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Diriyah unveils 20,000-seat arena in $63bn Saudi masterplan

Diriyah, Saudi Arabia -  Saudi Arabia, has revealed plans for "The Arena in Diriyah," a monumental 76,000-square-meter lifestyle facility set...

Saudi Tourism Authority, Trip.com Group sign global agreement

BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...

Salik revenue soars to US$574m

Toll usage revenue rose 11.7% YoY to US$502million.

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Young Iraqis seek desert retreats for a change from the hustle of big cities

SAMAWAH, IRAQ – Far from the hustle and bustle of major cities, young Iraqis are increasingly taking advantage of a renewed...
  • For years, only the most intrepid of hikers and campers would brave the trips into Iraq's desert.
  • With the rise of social media and a period of relative stability, it has become a popular destination.

Bahrain to support ‘Arab tourism’ in order to boost cultural integration

Manama, Bahrain--Bahrain will support Arab tourism in order to enhance social, cultural and historical integration among Arab people, according to...
  • The minister told media the exercise would advance the contribution of the tourism sector to Arab countries’ national development
  • She said the kingdom will strengthen its position as an ideal destination for sustainable tourism in light of the diversity of its tourism services

SCC committee discusses issues related to Sharjah’s economy and tourism

SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
  • The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
  • The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.