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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 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

Tunisia tourism revenues climb 48% to $200m by April 10

The country’s external debt services went up 5 percent, from nearly TND2 billion ($666.69 million) to about TND2.1 billion ($700.02...
  • Cumulative labor income saw a 15.3-percent rise to TND1.9 billion ($633.71 million) on April 10
  • This was against the TND1.6 billion ($533.42 million) on the same day in 2021

First private mission reaches International Space Station

Axiom sees the voyages as the first steps of a grander goal: to build its own private space station. The...
  • NASA join hands with Axiom and SpaceX to focus on more ambitious voyages deeper into the cosmos
  • ISS will carry out 25 research projects, including an MIT technology demonstration of smart tiles

In a ‘dangerous’ land: tourists trickle back to Iraq

Retirees and YouTubers, on package tours or lugging backpacks, are braving Iraq's still basic tourist infrastructure to visit ancient sites...
  • Western governments still issue travel warnings for tourists heading to Iraq, highlighting the risks from kidnappings and bombings
  • Around 107,000 tourists visited Iraq in 2021, which is three times more than the number in 2020

Saudi Arabia eases rules for US, UK, and Schengen visa holders

The move comes two weeks after the country lifted all Covid-19-related entry restrictions.
  • Citizens of any country can now receive a 12-month tourism visa on arrival in Saudi Arabia without needing to apply in advance
  • However, they will have to hold one of the three visas, and travel on one of the country’s national carriers: Saudia, Flynas, or Flyadeal

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...

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Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup

Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...

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...

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...

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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,...
  • The agreement aims to develop a major tourism attraction in the Eastern Province of the Kingdom of Saudi Arabia.
  • The partnership between ASFAR and the Municipality of Al-Ahsa is set to transform the Eastern Province’s leisure and hospitality sectors.

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...
  • Upon opening, the stadium is anticipated to host some of Saudi Arabia’s biggest sports, entertainment, and cultural events.
  • It aims to draw visitors from across the globe and revolutionize the traditional stadium experience with its immersive design.

Saudi Arabia launches documentary Horizon on wildlife  

RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a...
  • The documentary is currently being shown on the Netflix platform.
  • The film gives a look at the ecological diversity of the Kingdom,