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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.

‘Over 91 percent of travel bookings are now online’

Digitalization is revolutionizing travel, and data analytics is hyper-personalizing the sector, notably in GCC's growing business tourism, says Pallav Singhvi...

Jeddah Season 2022 kicks off in Saudi Arabia

This year's Jeddah Season is expected to feature international events and artistic and theatrical performances, Arab and international art concerts,...
  • Jeddah Season 2022 is expected to make Jeddah a permanent destination for tourism, entertainment, and events in the region
  • The 60-day event will reportedly see 2,800 activities in nine main zones in the presence of Jeddah residents and visitors

Eid holidays boost Gulf tourism as COVID curbs ease

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...
  • Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
  • This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand

Booking volumes up 195% YoY for Eid, says dnata Travel

The top five most-booked destinations this year so far with dnata Travel include the Maldives, the UAE itself, Turkey, Mauritius,...
  • This year, 65 percent of UAE travelers opted for worldwide destinations, while 35 percent chose staycations, according to dnata
  • This is compared to 68 percent of travelers booking UAE staycations and 32 percent seeking international holidays in 2021

Jordan and UAE groups join hands to develop beach project

Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.
  • The project features a tourism camp housing restaurants, swimming pools and top-notch chalets of different sizes.
  • The project will also provide new services for Dead Sea visitors and create job opportunities, an official said.

Morocco unveils new tourism promotional campaign

"Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to...
  • "Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to the international public
  • The campaign is the cornerstone of the Morocco promotional action dedicated to international tourism, both in traditional and emerging markets

Red Sea Development Company to use biofuel for all tourist facilities

The company has chosen MAN Energy Solutions to provide 25 sets of biofuel generators for the sustainable tourism destination.
  • The Red Sea destination will apparently use solar energy stations that include storage batteries with the system of MAN GenSets
  • These generators will reportedly have engines that will let them use the climate-neutral B100 biofuel

Ras Al Khaimah Tourism Development Authority on Best Workplaces List

Ras Al Khaimah Tourism Development Authority (RAKTDA) has achieved sixth place on the Best Workplaces List of 2022 – Small...
  • It was also named one of the Best Workplaces for Women and a Great Place to Work in 2021.
  • RAKTDA was also recognized as the ‘Government Entity with the Happiest Work Environment' in the emirate.

Libya looks to tourism to revive ‘heritage’

While late dictator Moamer Kadhafi allowed tourists to visit the country on organized trips, visitors have been thin on the...
  • Gharyan is a Libyan town where many residents have family records and property deeds dating back centuries
  • Some of the buildings are over 2,300 years old in Libya, and ancient Greek historians mentioned their existence

Emaar plans new Fujairah resort

The Emaar Hospitality Group will open the resort in Q2.
  • The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties
  • Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection

Over 1m medical tourists visit Iran in a year

Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health...
  • Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health Mohammad Reza Tarjoman said
  • Tarjoman said there are 200 medical centers that have permission to accept foreign patients underlining that Iran is ranked 46 worldwide in the area of health tourism

Qatar to witness GCC’s highest growth in hospitality industry revenue until 2028

Hospitality industry revenue in Qatar is expected to witness the highest growth rate in GCC until 2028, Alpen Capital has...

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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...

ASFAR, Municipality of Al-Ahsa sign agreement

RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...

Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City

RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of...

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NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...
  • Aquellum is hidden within a breathtaking 450-meter-high mountain range.
  • The subterranean digitalized community creates vibrancy and interconnectivity.

Dubai Duty Free achieves all-time record sales of over US$2.16bn in 2023

DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an...
  • December 2023 finished for Dubai Duty Free with record monthly sales of US$221 million, an 8.37 percent increase compared to 2022.
  • It's 40th anniversary celebrations offered a 25 percent discount on December 20 which led to a shopping spree of $14.8 million in 24 hours.

Over 12m people visit Riyadh Season in 60 days

RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
  • Riyadh Season attracts large number of visitors with different kinds of activities and experiences.
  • It is one of the major Saudi events that establishes new concepts in the world of entertainment.