Tourism

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

Saudi youth excel in event management in Jeddah Season

Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
  • Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
  • Saudi youth demonstrate their ability and success to manage and organize events

Qatari, Swiss firms discuss investment prospects in medical tourism

The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...
  • Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
  • He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.

‘Stan Lee Super Con’ exhibition begins in Jeddah, woos fans of superheroes

The activities of the 'Stan Lee Super Con 2022' exhibition begins in Jeddah Superdome in the presence of a number...
  • 'Stan Lee Super Con 2022' exhibition kicks off in Jeddah Superdome in the presence of a number of Hollywood stars
  • There was a large turnout on the first day from fans of international comic characters and visitors

Commercial marinas to issue yacht sailing permits in KSA

Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...
  • Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
  • The initiative would ensure support for tourism development and enhance employment in the sector

Saudi Arabia aims to triple foreign tourism in 2022: Minister

Saudi Arabia aims to triple foreign tourism this year as pandemic restrictions ease, hajj pilgrims return and the first elements...
  • The kingdom inaugurated tourist visas in September 2019, just months before the coronavirus pandemic decimated the industry globally.
  • An uptick in domestic travel in 2020 and 2021 –- authorities tallied a record 64 million "domestic visits" last year –- helped save the nascent Saudi tourism sector from collapse.

Interior Ministry launches Makkah Route Initiative in 5 countries

Makkah Route Initiative aims to complete procedures in pilgrims countries with ease including issuing visa electronically, taking biometrics, completion of...
  • Makkah Route Initiative launched as part of Pilgrim Experience Program under the Saudi Vision 2030
  • The Initiative has been launched in Pakistan, Malaysia, Indonesia, Morocco and Bangladesh

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

Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge

Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147%...

Company News

Latest News

Salik revenue soars to US$574m

Toll usage revenue rose 11.7% YoY to US$502million.

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...

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...

Most Read

SCC committee discusses issues related to Sharjah’s economy and tourism

SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
  • The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
  • The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.

ATO partners with ISM to boost tourism in the Middle East

Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve...
  • The ISM will collaborate with the ATO to achieve its goals, harmonizing them with the Arab League's Sustainable Development Plan
  • The partnership between the ATO and ISM will enable the Arab countries to develop tourist destinations to achieve sustainable development

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...
  • These were the result of strenuous excavations that took place in 2023.
  • Residential units whose walls were built with stones and clay were revealed.