Tourism

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

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

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.

Is AI front and center in the future of Aviation?

AI will play a key role in aviation but aircraft manufacturing troubles are casting darker shadows over profitability post-COVID-19. The...

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RSG, Hyundai Motor ink pact

The two firms will explore opportunities in various areas.

World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...

Saudi Arabia set to leap into space tourism by 2026

Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per...

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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...
  • Designed by London-based HKS Architects as part of a $63.2 billion masterplan, the arena aims to become the Middle East's premier venue destination
  • Embracing Najdi architecture motifs, the arena promises a versatile design enabling swift configuration changes for hosting various events

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...
  • The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.
  • The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.

Salik revenue soars to US$574m

Toll usage revenue rose 11.7% YoY to US$502million.
  • The total number of trips made through Salik’s eight toll gates grew by 10 percent over the course of the year.
  • Salik’s registered active accounts increased 16.0 percent YoY to approximately 2.4 million at the end of 2023.