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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.

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

‘RAK aims to increase number of hotel rooms in 5 years’

CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA) Raki Phillips said that the emirate’s tourism sector aims to...
  • Ras Al Khaimah plans to increase the number of hotel rooms in the emirate over the next five years to 12,747 rooms
  • The rooms would be provided by over 50 hotels and resorts that offer the highest levels of service to visitors

Three day Ajman Dates festival concludes, promotes palm plantation

The seventh edition of three-day Liwa Ajman Dates and Honey Festival at the Emirates Hospitality Center in Ajman, concluded. Organized...
  • The event acted as a platform for promotion of palm plantation, and production of dates, honey and fruits.
  • People visited the festival in huge numbers, which included many events aimed at reviving the cultural Emirati heritage

IHG H1 profits surge to $216mn

IHG said it would resume its interim dividend
  • InterContinental Hotels Group said that profits rose sharply in the first half after Covid travel restrictions were lifted around the world
  • IHG, which also owns brands such as Crowne Plaza and Holiday Inn, said that first-half revenues jumped by 52 percent to $1.8 billion.

Over 7mn international visitors in Dubai in H1 2022

Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52...
  • The number of tourists recorded in H1 2022 was close to the numbers achieved in the first six months of 2019
  • Western Europe accounted for a significant share of tourist arrivals, comprising 22 percent of total international visitors in H1 2022

Saudi bid to host 2034 World Cup positions Kingdom as global center for top sports events

Saudi Crown Prince Mohammed bin Salman announced the Kingdom’s bid to host the 2034 FIFA World Cup. He said this...

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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.