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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

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

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.

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...

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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...

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...

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...

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Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025

Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
  • The train is set to embark on a captivating 770-mile journey from Riyadh, traversing through Hail, to the northern city of Al-Qurayat, near the border with Jordan
  • The train, featuring 40 opulent cabins and a maximum capacity of 80 passengers, is poised to redefine rail cruising experiences in the region

NEOM announces its new luxury ecotourism destination Zardun

NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural...
  • This move will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom.
  • Zardun Nature Resort will feature four ultra-luxurious buildings that will blend with the landscape.

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...
  • Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
  • DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.