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Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

Saudi bid to host 2034 World Cup positions Kingdom as global center for top sports events

Saudi Crown Prince Mohammed bin Salman announced the Kingdom’s bid to host the 2034 FIFA World Cup. He said this...
  • Saudi topped the UNs’ list for highest growth in international tourist numbers in 2023
  • FIFA is set to confirm Saudi Arabia as the host for the 2034 event in December

Jordan’s Umm al-Jimal added to UNESCO heritage list

Amman, Jordan - Jordan's Umm al-Jimal village has been added to UNESCO's World Heritage List, in a move hailed on Sunday...
  • The village is near the Jordanian-Syrian border, 86 kilometres north of Amman, and is known as "the black oasis" due to the prevalence of black volcanic rock in the area
  • The village was first settled by the Nabataean peoples in the first century AD and later occupied by the Romans, becoming an important agricultural and commercial village

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...
  • Saudi already has over 23.5 million gamers, of whom almost half are females
  • Saudi has hosted over 1,700 elite players from over 80 countries over the last two years

Paris prepares warm Olympics welcome — except for rats

While the Paris Olympics is set to be a festival of socializing and intermingling, city authorities are keen for visitors...
  • Boulevards and squares have been thoroughly spruced up, with many historic buildings given a makeover
  • "Where there were areas with lots of rats, we put traps in place ahead of the Games" - French Deputy Mayor

Moonlit scramble across the sand for Turkey’s booming baby turtle population

Manavgat, Turkey - The baby loggerhead sea turtles emerged from their eggshells and began their first challenge in life: a wobbly...
  • It is a perilous journey into the unknown for the sea turtles as only about one in 1,000 hatchlings will survive to adulthood
  • Despite grave threats from humans and predators such as birds, crabs and ants, protection measures are bearing fruit on Turkey's southern coast

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...
  • Passenger air traffic in Saudi Arabia rose by 17 percent in the first half of 2024, reaching 62 million compared to 53 million in the same period last year
  • This growth was aided by a 12 percent increase in flights, with 446,000 recorded compared to 399,000 in the first half of 2023

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...
  • The paved roads of Al-Hada and Al-Shafa mountains, such as Akabat Al-Kar and Akabat Al-Muhammadya, provide easy access to biodiversity
  • Visitors can spend their days under the shade of abundant juniper trees and beside cool freshwater streams, allowing them to appreciate Taif's unique and pristine natural diversity

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...
  • Haichang, which has a history of marine-themed tourism spanning over two decades, has previously collaborated on tourism projects in Vietnam, the Philippines, and Indonesia
  • Currently operating parks in cities such as Shanghai, Dalian, Zhengzhou, and Sanya, Haichang attracts more than 20 million visitors annually

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...
  • Oregon is a destination where you can wander along stunning shorelines, trek volcanic peaks, and paddle serene lakes
  • But it is not just natural beauty, the coastal gem also boasts some of the nation's finest breweries and restaurants

GCC tourism’s contribution to GDP expected to surge by 2030: Fitch

GCC tourism's GDP contribution will rise from $130 billion in 2023 to over $340 billion by 2030, driven by aviation...
  • The GCC countries have set ambitious targets for their tourism sectors to diversify their economies away from oil dependence
  • The aviation industry is anticipated to play a critical role in this expansion, with air passenger traffic projected to grow substantially

Future-proofing hospitality asset value needs financial rigor with emotional intelligence

The GCC’s luxury hospitality sector has become a global benchmark, yet behind every polished facade lies an increasingly complex financial...

Latest News

Saudi Arabia achieves 73 percent increase in international tourist arrivals: UN report

The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth...

GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers

Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with...

‘Saudi Arabia’s tourism sector to achieve 150 million visitors by 2030’

Saudi Arabia isn't aiming to be the next Dubai but is forging its own unique path in tourism," Aradhana Khowala...

Most Read

Saudi Arabia leads GCC travel growth to India with a 40% rise in flight searches: report

Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North...

Saudi bid to host 2034 World Cup positions Kingdom as global center for top sports events

Saudi Crown Prince Mohammed bin Salman announced the Kingdom’s bid to host the 2034 FIFA World Cup. He said this...
  • Saudi topped the UNs’ list for highest growth in international tourist numbers in 2023
  • FIFA is set to confirm Saudi Arabia as the host for the 2034 event in December

Jordan’s Umm al-Jimal added to UNESCO heritage list

Amman, Jordan - Jordan's Umm al-Jimal village has been added to UNESCO's World Heritage List, in a move hailed on Sunday...
  • The village is near the Jordanian-Syrian border, 86 kilometres north of Amman, and is known as "the black oasis" due to the prevalence of black volcanic rock in the area
  • The village was first settled by the Nabataean peoples in the first century AD and later occupied by the Romans, becoming an important agricultural and commercial village