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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.

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.

Moscow warns EU against restricting Russian tourists

The Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to...
  • The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and some against it.
  • The European Union had already suspended visa facilitation for Russian official delegations and business leaders.

Beckham to promote Qatar attractions in tourism push ahead of FIFA World Cup

As part of the campaign, Beckham tours the country with several local personalities, exploring spice markets and street art in...
  • As part of the campaign, Beckham tours the country with several local personalities, exploring spice markets and street art in the Gulf nation
  • The campaign will highlight Qatar’s potential as a destination for quick weekend getaways and stopover packages being offered to transit travellers

Dubai to host international museums conference in 2025

Dubai has officially begun its journey as the host of the 27th International Council of Museums (ICOM) General Conference 2025...
  • Dubai’s hosting of the largest international gathering for museums in 2025 is set to strengthen the city’s position as a hub for creativity.
  • Chairperson of Dubai Culture and Arts Authority (Dubai Culture) said the global platform is an opportunity to discuss the future of museums.

Saudi to provide multiple entry visas for tourists during world cup

The move comes as Qatar, which has a population of 2.8 million, tries to accommodate an expected 1.2 million visitors...
  • People with a Hayya Card, reserved for ticket-holders and used to access Qatar during the tournament, will be able to apply for the electronic visas.
  • The Gulf power shares a land border with gas-rich Qatar, which is hosting the first World Cup in the Middle East and the first held in winter months.

Emirates NBD joins fight against illegal wildlife trade

The banking group is supporting efforts to combat global wildlife trafficking by joining the United for Wildlife financial task force.
  • The banking group is supporting efforts to combat global wildlife trafficking by joining the United for Wildlife financial task force
  • NBD will work with its peers to promote the welfare and safety of wild animals, Group Chief Compliance Officer Victor Matafonov said

Saudis beat the heat in City of Fog

The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to...
  • At Al-Namas, humid monsoon weather keeps temperatures below 30 degrees Celsius, dropping as low as 15 degrees Celsius at night
  • Ministry of tourism figures show that Saudi families spent $21.33 billion on domestic travel last year, a 30 percent increase from 2019

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...

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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...

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...

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...

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ATO partners with ISM to boost tourism in the Middle East

Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve...
  • The ISM will collaborate with the ATO to achieve its goals, harmonizing them with the Arab League's Sustainable Development Plan
  • The partnership between the ATO and ISM will enable the Arab countries to develop tourist destinations to achieve sustainable development

Archaeological sites discovered in Southern Saudi Arabia

ABHA, SAUDI ARABIA  - The Heritage Commission announced its most prominent discovery in Jurash, Asir region, as one of the...
  • These were the result of strenuous excavations that took place in 2023.
  • Residential units whose walls were built with stones and clay were revealed.

Newly restored tomb of Neferhotep in Luxor opens to tourists

Cairo, Egypt -- After more than two decades of restoration, the tomb of Neferhotep, a high-ranking 18th dynasty senior official...
  • The tomb was opened during a ceremony by Mostafa Waziry, Secretary-General of the Supreme Council of Antiquities
  • A mission from Buenos Aires University was responsible for recording the tomb’s epigraphic and archaeological aspects