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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Saudi Arabia, Seychelles to expand cooperation in tourism sector

Saudi Arabia and Seychelles will form a partnership to boost cooperation and exchange expertize in tourism sector which includes planning,...
  • Saudi’s tourism ministry signed an MoU with the Ministry of Foreign Affairs and Tourism of Seychelles.
  • The MoU aims at supporting the efforts of tourism institutions and associations via holding conferences.

Tourism helps Saudi economy diversify away from oil

The kingdom eyes over 70 million visitors this year as the country jumps from 43rd to 33rd spot on the...
  • Developing the tourism sector is part of the kingdom's plans to diversify the economy away from oil, says Princess Haifa Al Saud
  • The kingdom plans to make the pilgrimage easier, especially after disruption caused by the Covid-19 pandemic, she highlights

Sri Lanka inflation hit seventh consecutive record high in April

Hammered by a foreign exchange crisis, the country's 22 million people have been enduring acute shortages of essentials.
  • National Consumer Price Index rose 33.8 percent year-on-year in April, more than six times the 5.5 percent inflation in 2021.
  • Inflation is likely to rise further in May as fuel price hikes of 35 percent for petrol and 65 percent for diesel.

UAE tourism sector set new record in Q1 2022 : Tourism Minister

Tourism is deemed one of the future sectors and a key focus area in the UAE’s development vision for the...
  • According to tourism figures for Q1 2022, the country's hotel establishments attracted nearly 6 million visitors
  • The average duration of hotel guest stays reached 25 percent during the same period, up from 3 nights to 4 nights

Morocco ‘breathing again’ as tourists return after Covid curbs

Morocco this week reopened land borders with the Spanish enclaves of Ceuta and Melilla, two years after they were shut...
  • The city of Marrakesh, famous for its views of graceful red buildings set against palm trees and snow-capped mountains, has long drawn visitors
  • The city was hard hit by a two-year collapse in tourism that saw arrivals to the North African kingdom plummet to just a third last year from 2019

NEOM will be subject to Saudi sovereignty and rules: Report

Saudi Arabia has rejected claims that its planned futuristic megacity known as NEOM will have different rules from the rest...
  • NEOM is part of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-dependent economy.
  • It has been billed as a futuristic cityscape evocative of a sci-fi blockbuster -- with everything from flying taxis to robot-maids.

Arabian Travel Market 2022 kicks off in Dubai

The Chairman of Dubai World Sheikh Ahmed bin Saeed Al Maktoum, inaugurated the 29th edition of the Middle East’s largest...
  • ATM 2022 is part of Arabian Travel Week, a 10-day festival of travel and tourism events taking place in Dubai
  • It provides a vital platform for tourism and travel industry leaders in the Middle East

Abu Dhabi tourism department readies to launch summer campaign

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel...
  • Located in Hall 2 at Dubai World Trade Centre, Visit Abu Dhabi will take guests on journey of the top sites and attractions in the capital.
  • Visitors will be treated to live performances from the City of Music, the creative craftsmanship of Emirati artisans at the House of Artisans zone.

Jeddah Yacht Club Marina Zone all set for Jeddah Season 2022

Jeddah Yacht Club Marina zone will receive on Sunday the visitors to the Jeddah Season 2022 with a variety of...
  • The Marina Yacht Club zone is known for its magnificent sea view
  • The club contains a marina for ships and boats up to 135 meters in height

Lufthansa cuts Q1 losses

German carrier set its sights on a record summer for traffic.
  • The airline group's net loss over the first three months of 2022 came to 584 million euros ($620 million)
  • The number of passengers on Lufthansa flights "more than quadrupled" in the first quarter to 13 million

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...

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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...

Newly restored tomb of Neferhotep in Luxor opens to tourists

Cairo, Egypt -- After more than two decades of restoration, the tomb of Neferhotep, a high-ranking 18th dynasty senior official...

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...

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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.

Royal Commission for AlUla chief held for abuse of power, money laundering: report

Riyadh, Saudi Arabia - The CEO of the Royal Commission for AlUla, Eng. Amr Al-Madani, has been arrested on charges...
  • The Oversight and Anti-Corruption Authority (Nazaha) reported the arrest, stating that Eng. Amr Al-Madani's partners in a company were also apprehended
  • Despite formally leaving the company upon joining the government, Al-Madani is accused of retaining ownership and influencing the Royal Commission to recommend deals

Saudi Arabia launches global tourism campaign featuring Messi

Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign...
  • The campaign, called "Go Beyond What You Think," aims to address misconceptions about Saudi Arabia and encourage people to experience the country's cultural transformation.
  • The campaign launch coincides with Messi's upcoming return to Saudi Arabia, where he will play two matches with his club, Inter Miami, against Al Nassr and Al Hilal.