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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.

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

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

IOC creates historic Olympic Esports Games with 2025 launch in Saudi

History was made today when the International Olympic Committee (IOC) decided to create Olympic Esports Games. The first edition will...

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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...

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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.