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TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

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.

Dubai Health Authority, Visa sign MoU to enhance health tourism

The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness...
  • Visa cardholders would be given exclusive discounts on medical services by by members of the Dubai Health Experience
  • The cardholders will be able to choose a range of medical services, book appointments and plan their treatment itineraries

Global medical and recovery tourism worth $100bn annually: Official

The revenues of the medical and recovery tourism, globally, is around $100 billion annually, said Bandar Al Fihaid, President of the...
  • Bandar Al Fihaid, President of the Arab Tourism Organization (ATO) said this in a report.
  • The ATO president also said that Arab tourists expenditure amounts to nearly $30 billion.

Saudi citizens’ US visitor visas validity raised to 10 years

The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...
  • The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022
  • The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis

Kuwait asks its citizens to leave turmoil-hit Sri Lanka at the earliest

Kuwait's Foreign Ministry has called on nationals who are currently in Sri Lanka to keep away from protest areas, heed...
  • Kuwait also advised nationals who are planning to travel to Sri Lanka to postpone their trips.
  • It encouraged Kuwaitis in Sri Lanka to call the embassy or the ministry if they seek any help.

Festivals, guesthouses breathe life into Old Tunis, boost tourism

The government has this month begun bailout negotiations with the International Monetary Fund, as its tourism and import-dependent economy has been...
  • Under the Hafsids, Tunis was one of the biggest cities in the Islamic world, and their legacy has remained in the form of narrow, crowded souks.
  • The district also has some two dozen small souks devoted to specific artisans such as tanners, perfume sellers and shoemakers.

Dubai tourism achieves robust growth in 2022

The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the...
  • The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
  • Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.

Summer break, Eid push up Saudi air ticket prices

The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between...
  • Saudi Arabia's domestic airports are witnessing active travel due to the summer break and Eid al-Adha
  • There has been an increase in the prices of domestic flights tickets, ranging between 32% to 314%

Sri Lanka appeals Russia for fuel and resumption of tourist flights

Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.
  • The Island nation has suffered months of blackouts, rampant inflation and critical shortages of food and petrol.
  • Russia and Ukraine were among the top sources of tourists for Sri Lanka before February's conflict began.

Shark kills 1 Austrian, 1 Romanian tourist in Egypt’s Red Sea

Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of...
  • The Red Sea is a popular tourist destination, where sharks are common but rarely attack people swimming within authorised limits
  • In 2018, a Czech tourist was killed by a shark off a Red Sea beach and a similar attack killed a German tourist in 2015

Jeddah Season 2022 concludes, 6m visitors attend events

Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...
  • Jeddah Season this year lasted for 60 days and it was full of exciting shows
  • The shows, programs and activities took place across 13 locations in Jeddah

Chinese company to build Saudi Arabia’s first ocean park

Riyadh, Saudi Arabia - Haichang Ocean Park Holdings, China's largest ocean theme park operator, announced plans on Thursday to build...

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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...

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...

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...

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Royal Commission for AlUla chief held for abuse of power, money laundering: report

Riyadh, Saudi Arabia - The CEO of the Royal Commission for AlUla, Eng. Amr Al-Madani, has been arrested on charges...
  • The Oversight and Anti-Corruption Authority (Nazaha) reported the arrest, stating that Eng. Amr Al-Madani's partners in a company were also apprehended
  • Despite formally leaving the company upon joining the government, Al-Madani is accused of retaining ownership and influencing the Royal Commission to recommend deals

Saudi Arabia launches global tourism campaign featuring Messi

Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign...
  • The campaign, called "Go Beyond What You Think," aims to address misconceptions about Saudi Arabia and encourage people to experience the country's cultural transformation.
  • The campaign launch coincides with Messi's upcoming return to Saudi Arabia, where he will play two matches with his club, Inter Miami, against Al Nassr and Al Hilal.

Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup

Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...
  • The robot is designed to tackle the plastic waste and other debris
  • It can cover up to 3,000 square meters in just an hour