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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.

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.

UAE earns $5bn from tourism in H1, expects more from World Cup

A strong performance is expected this winter when neighboring Qatar hosts football's World Cup. Hotel occupancy was up more than...
  • Dubai airport, the world's busiest for international travel pre-pandemic, handled 27.8 million passengers in the first half of this year.
  • A quick vaccination roll-out allowed the UAE to bounce back quickly from the pandemic, enjoying a sharp uptick in visitors as Dubai.

Saudi delegation visits Jordan’s Petra to enhance cooperation

A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two...
  • PDTRA Chairman briefed the Saudi delegation on the authority's efforts to develop tourism in Petra.
  • The delegation toured the rose-red city and looked firsthand at the Petra By Night program, the flying taxi and other projects.

Saudi Arabia eases visa rules for GCC, US, UK, EU residents

The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier...
  • The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom
  • The ministerial decree removes the requirement of many would-be visitors to attend their country's embassy before entering Saudi Arabia

Sharjah Chamber set to organise ‘Al Maleh and Fishing’ Festival

The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in...
  • The SCCI added that all preparations are in place, and the festival is scheduled to begin on September 8, 2022, in Dibba Al Hisn City.
  • The four-day event will involve the participation of several government entities and private sector companies.

Saudi Arabia leads GCC travel growth to India with a 40% rise in flight searches: report

Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North...

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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...

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...

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...

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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...
  • The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.
  • The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.

Salik revenue soars to US$574m

Toll usage revenue rose 11.7% YoY to US$502million.
  • The total number of trips made through Salik’s eight toll gates grew by 10 percent over the course of the year.
  • Salik’s registered active accounts increased 16.0 percent YoY to approximately 2.4 million at the end of 2023.

Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
  • The exhibition is recognized as one of the most influential boat shows in the world.
  • The exhibition has wrapped up following a hugely successful week of boat sales.