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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tourists, cruises, flights to Aqaba on the rise in December

AQABA, JORDAN - The southern city of Aqaba is welcoming an increasing number of local visitors and foreign tourists of...
  • The ports of Aqaba are expected to receive eight giant cruise ships carrying about 2,700 tourists each.
  • King Hussein International Airport in Aqaba has received 18 flights from abroad in since the beginning of December.

Riyadh’s WTTC Summit to oversee signing of 50 deals

RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council...
  • The minister evaluated the deals to be worth $50 billion, local media reports said.
  • Also, the event comprises over 3,000 participants, 57 ministers of tourism and travel

Third Saudi Cruise Season begins as MSC Splendida arrives in Yanbu Port

Riyadh, Saudi Arabia--- Yanbu Commercial Port has officially kickstarted the third edition of the Saudi cruise season by berthing MSC...
  • MSC Splendida, which arrived from Jeddah Islamic Port, marked the maiden cruise call for the current season that will run until May 2023.
  • Cruise Saudi, a PIF-owned business that oversees the development of the local cruise ecosystem, is trying to position the Kingdom as a premier global cruise destination.

Mohammed bin Rashid approves Dubai rural area development master plan

DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the...
  • The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al Lisaili, Al Faqaa and Al Aweer.
  • It also aims to offer a unique touristic experience and transform each area into a key tourist destination in the emirate.

Sharjah International Travel and Tourism Forum to begin Nov 24

SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off...
  • The forum will convene a host of government officials, local and international decision-makers, experts in global travel, tourism and aviation sector.
  • Organized by Sharjah Commerce and Tourism Development Authority, the forum complements SCTDA's efforts to bolster Sharjah's position in global tourism.

Qatar issues licenses to 3500 holiday homes to house World Cup visitors

Qatar faces the challenge to accommodate 1.2 million fans expected to attend the FIFA World Cup.
  • Qatar faces the challenge to accommodate 1.2 million fans expected to attend the FIFA World Cup
  • More than 160 round-trip flights are scheduled daily from neighbouring Gulf countries to allow them to accommodate supporters

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

Qantas scraps non-stop UK flight due to Middle East unrest

Sydney, Australia - Australian airline Qantas scrapped its non-stop Perth to London flight Thursday, saying the decision was taken as a...

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Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings

ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...

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...

RSG, Hyundai Motor ink pact

The two firms will explore opportunities in various areas.

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Saudi Arabia set to leap into space tourism by 2026

Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per...
  • Madrid-based Halo Space Company selects Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per person for a stratospheric Earth view.
  • In June, a trial flight will take passengers 32 kilometers above Earth, using a helium balloon for an accessible adventure without the need for special training.

Bahrain and France sign MoU to boost tourism education

Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in...
  • The MoU will strengthen educational ties, foster mutual understanding, and enhance bilateral relations in the realms of academia, culture, and knowledge exchange
  • The curriculum for the EKLYA students will encompass a variety of subjects, including cross-cultural studies, project management, event management, and geopolitics

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...
  • Designed by London-based HKS Architects as part of a $63.2 billion masterplan, the arena aims to become the Middle East's premier venue destination
  • Embracing Najdi architecture motifs, the arena promises a versatile design enabling swift configuration changes for hosting various events