Tourism

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

Ten years from home World Cup, Saudi sizes up ‘huge challenge’

As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
  • To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document
  • Saudi sports ministry is preparing to issue tenders worth 10 billion riyals ($2.69 billion) to build and expand football venues, according to domestic media

RSG, Hyundai Motor ink pact

The two firms will explore opportunities in various areas.
  • The two parties will focus on validating and deploying Hyundai Motor Group's eco-friendly mobility solutions.
  • They will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility and maritime vessels.

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...
  • Nestled within Qiddiya City, just 40 minutes from Riyadh, this never-seen-before anime theme park is set to become a spectacle.
  • Inspired by the seven legendary Dragon Balls, visitors can navigate seven distinctively themed zones within the park.

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...
  • Madrid-based Halo Space Company selects Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per person for a stratospheric Earth view.
  • In June, a trial flight will take passengers 32 kilometers above Earth, using a helium balloon for an accessible adventure without the need for special training.

Bahrain and France sign MoU to boost tourism education

Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in...
  • The MoU will strengthen educational ties, foster mutual understanding, and enhance bilateral relations in the realms of academia, culture, and knowledge exchange
  • The curriculum for the EKLYA students will encompass a variety of subjects, including cross-cultural studies, project management, event management, and geopolitics

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.

Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
  • The exhibition is recognized as one of the most influential boat shows in the world.
  • The exhibition has wrapped up following a hugely successful week of boat sales.

Young Iraqis seek desert retreats for a change from the hustle of big cities

SAMAWAH, IRAQ – Far from the hustle and bustle of major cities, young Iraqis are increasingly taking advantage of a renewed...
  • For years, only the most intrepid of hikers and campers would brave the trips into Iraq's desert.
  • With the rise of social media and a period of relative stability, it has become a popular destination.

‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’

GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo...

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Middle East to receive millions of Chinese tourists lost in Covid pandemic

Dubai, UAE-- Outbound travel from China is estimated to almost double this year, compared with 2023 and will only be...

Visa-free policies make Middle East preferred destination for Chinese travelers

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a...

SeaWorld Yas Island, Abu Dhabi wins Guinness World Records

ABU DHABI, UAE – SeaWorld Yas Island - the region’s first Marine Life Theme Park here -, has won a...

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Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings

ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...
  • AlUla’s Old Town, with its origins going back over 700 years, prospered along the renowned incense trade route.
  • With over 900 traditional mudbrick homes, the Old Town stands as a testament to the Kingdom’s enduring cultural heritage.

Ten years from home World Cup, Saudi sizes up ‘huge challenge’

As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
  • To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document
  • Saudi sports ministry is preparing to issue tenders worth 10 billion riyals ($2.69 billion) to build and expand football venues, according to domestic media

RSG, Hyundai Motor ink pact

The two firms will explore opportunities in various areas.
  • The two parties will focus on validating and deploying Hyundai Motor Group's eco-friendly mobility solutions.
  • They will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility and maritime vessels.