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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.

Sharjah a vital tourist destination, says business body

The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia...
  • Sharjah Chamber of Commerce & Industry organizes a meeting with North Macedonia Embassy in the UAE
  • In the meeting with a North Macedonia delegation, SCCI promotes the emirate’s tourism potential

Saudi Arabia lifts travel ban on Turkey, India, Ethiopia, Vietnam

The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.
  • The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries
  • Earlier this month, the kingdom lifted measures intended to prevent the spread of the virus, such as the requirement to wear face masks indoors

Qatar receives highest number of international visitors in May

The international arrivals in Qatar exceeded 166,000 people in May, making it the month with highest number of visitors in...
  • The figures represent more than a quarter of all visitors in the first five months of 2022.
  • The year-to-date total (580,000) is fast reaching the overall arrivals figure of 2021 (611,000).

Sharjah, Hungary discuss cooperation in cultural field

A high-level Sharjah's Department of Government Relations delegation was in Hungary to discuss mutual investment opportunities and outline ways to...
  • Chairman of Sharjah's Department of Government Relations expresses his admiration for the Liget Budapest project
  • The project aims to renew Budapest’s most iconic public park while fully respecting its 200-year-old heritage

Saudi youth excel in event management in Jeddah Season

Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
  • Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
  • Saudi youth demonstrate their ability and success to manage and organize events

Qatari, Swiss firms discuss investment prospects in medical tourism

The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...
  • Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
  • He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.

‘Stan Lee Super Con’ exhibition begins in Jeddah, woos fans of superheroes

The activities of the 'Stan Lee Super Con 2022' exhibition begins in Jeddah Superdome in the presence of a number...
  • 'Stan Lee Super Con 2022' exhibition kicks off in Jeddah Superdome in the presence of a number of Hollywood stars
  • There was a large turnout on the first day from fans of international comic characters and visitors

Commercial marinas to issue yacht sailing permits in KSA

Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...
  • Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
  • The initiative would ensure support for tourism development and enhance employment in the sector

Saudi Arabia aims to triple foreign tourism in 2022: Minister

Saudi Arabia aims to triple foreign tourism this year as pandemic restrictions ease, hajj pilgrims return and the first elements...
  • The kingdom inaugurated tourist visas in September 2019, just months before the coronavirus pandemic decimated the industry globally.
  • An uptick in domestic travel in 2020 and 2021 –- authorities tallied a record 64 million "domestic visits" last year –- helped save the nascent Saudi tourism sector from collapse.

Interior Ministry launches Makkah Route Initiative in 5 countries

Makkah Route Initiative aims to complete procedures in pilgrims countries with ease including issuing visa electronically, taking biometrics, completion of...
  • Makkah Route Initiative launched as part of Pilgrim Experience Program under the Saudi Vision 2030
  • The Initiative has been launched in Pakistan, Malaysia, Indonesia, Morocco and Bangladesh

Oregon leverages coastal adventures and diverse landscapes to expand its tourism market

Oregon's tourism strategy focuses on year-round visitation, sustainability, and regenerative travel, aiming to optimize economic impact while preserving natural beauty...

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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...

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...

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...

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Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025

Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
  • The train is set to embark on a captivating 770-mile journey from Riyadh, traversing through Hail, to the northern city of Al-Qurayat, near the border with Jordan
  • The train, featuring 40 opulent cabins and a maximum capacity of 80 passengers, is poised to redefine rail cruising experiences in the region

NEOM announces its new luxury ecotourism destination Zardun

NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural...
  • This move will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom.
  • Zardun Nature Resort will feature four ultra-luxurious buildings that will blend with the landscape.

Dubai wins right to host 349 business event in 2023

DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
  • Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
  • DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.