Search Site

Tourism

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.

Killer heat wave sweeps the globe, hundreds perish

A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken...

‘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

Three-day Liwa Ajman Dates and Honey Festival to begin Friday

The 7th edition of Liwa Ajman Dates and Honey Festival begins Friday at the Emirates Hospitality Centre in Ajman. Showcasing...
  • Organized by Ajman Department of Tourism Development, the festival targets more than 400 participants.
  • The festival also includes events that aim to revive the old Emirati customs and traditions.

UAE maintains reputation as top tourist destination

The UAE continues to maintain its regional and international leadership as a distinguished travel destination and a preferred country for...
  • The UAE has strengthened its position on the world tourism map, becoming a leading international tourism destination.
  • UAE is in the top 10 country in several international competitiveness indexes related to the tourism, travel and hotels sectors in 2021

Saudi Arabia, Poland sign agreement on air transport

Saudi General Authority of Civil Aviation (GACA) signed a Memorandum of Understanding (MOU) with Poland to organize the operational framework...
  • From the Saudi side, Ali Rajab, Executive Vice President at GACA -Economic Policies & International Cooperation signed the MoU
  • From the Polish side, Piotr Samson, President of the Polish Civil Aviation Authority inked the pact in Warsaw

Sheikh Hamdan bin Zayed issues directives for ADIHEX 2022

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC),...
  • Chairman of the Emirates Falconers’ Club has issued directives for development of the strategy of Abu Dhabi International Hunting and Equestrian Exhibition
  • The development of ADIHEX strategy is to enhance its role in preserving UAE's cultural heritage, protecting the environment and promoting sustainable hunting

Istanbul Airport first in Europe with 1,327 average flights daily

Istanbul Airport ranked first in Europe in terms of the average number of daily flights during the period of July...
  • The Airport exceeded the French Charles de Gaulle Airport and Amsterdam Airport Schiphol by number of flights
  • Istanbul Airport also topped the list of airports in terms of the number of passengers during the month of June

Over 30,000 visitors attend Al Dhaid Date Festival in Sharjah

The 6th edition of Al Dhaid Date Festival came to a successful conclusion at Expo Al Dhaid, after four days...
  • The Al Dhaid Date Festival drew over 30,000 visitors who explored and learnt about the best and finest types of dates
  • Sharjah Chamber of Commerce and Industry says it will spare no effort to promote and preserve the historical status of palm trees

Al-Hada and Muhammadya Al-Shafa in Taif: A tapestry of tourism, nature

Taif, Saudi Arabia - Taif and its serene towering mountains, nestled deep within the majestic Sarawat Mountains, serve as a...

Company News

Latest News

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...

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...

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...

Most Read

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
  • Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
  • Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.

Saudi more than doubles tourism target by 2030, says minister

Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for...
  • "We have reached 100 million tourists this year, 77 million from home, 27 million from abroad, over 100 million," Tourism Minister Ahmed Al Khateeb said.
  • Saudi hopes 150 million tourists by 2030, up from an earlier goal of 100 million, with 70 million of those coming from abroad, up from an earlier goal of 30 million.

Saudi, UAE ‘prior’ countries for Russia’s inbound tourism push

Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia...
  • In 2024, attention will be given to five prior countries: China, India, Iran, the UAE, Saudi Arabia, said Director General of the Center for Strategic Research Pavel Smelov.
  • "It is expected that by 2030 the implementation of the concept presented will result in the annual flow of 16 million foreign tourists," he said.