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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Saudi Arabia wants Trojena on global tourism map

Trojena is the new mountain tourism destination whose establishment was recently announced by Saudi Crown Prince Mohammed bin Salman.
  • Trojena aspires to redefine visitors’ and residents’ perceptions of mountain tourism
  • The project will be launched in 2026 and will be located in the heart of NEOM

Five ancient tombs discovered in Egypt’s Saqqara

In January 2021, Egypt unveiled ancient treasures found at Saqqara, including more than 50 wooden sarcophagi dating back to the...
  • Saqqara is a vast necropolis of the ancient Egyptian capital Memphis, a UNESCO World Heritage Site home to more than a dozen pyramids and animal burial sites.
  • The Ministry of Tourism and Antiquities said one of the tombs belonged to a top official named Iry. A limestone sarcophagus and colorful decorations were found in the tomb.

GCC airfares soar as oil prices rise

The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.
  • Several Arab airlines have decided to raise the prices of their tickets slightly
  • Kuwait’s Jazeera Airways increased fares to all destinations from March 7

Liberal young flee to Turkey’s ‘Little Russia’

Thousands have left Russia for Turkey, many paying exorbitant airfares to reach one of the last accessible destinations as Western...
  • Thousands have left Russia for Turkey, many paying exorbitant airfares to reach one of the last accessible destinations as Western sanctions tighten
  • Some have found a place to live in the upscale Istanbul neighbourhood of Nisantasi so beloved of Turkish writer Orhan Pamuk

Emirates to launch daily flights to Israel from June 23

Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are...
  • Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class.
  • The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses.

Playa Hotels inks Saudi resort deal

It will set up facilities along the Arabian Gulf and the Red Sea.
  • Playa signed an agreement regarding the resorts with Saudi’s Tourism Development Fund on Monday
  • This will contribute to enhancing the distinctive tourism experience and create local job opportunities

Turkey tourism industry bemoans Russia-Ukraine war

Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are...
  • Within a few days of Russia's invasion of Ukraine on February 24, Ukrainians and Russians cancelled reservations for trips of Turkey
  • Visitors from Ukraine and Russia made up over a quarter of all tourists who arrived in Turkey last year, tourism ministry reported

Jordan reduces entry fees at tourist sites for Arab visitors

The tourism ministry will treat Arab tourists as Jordanians to spur tourism.
  • The tourism ministry will treat Arab tourists as Jordanians to spur tourism
  • The decision would remain in force through 2022 to strengthen Jordan's position as a tourist destination

Region needs tourism to beat inflation

Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to...
  • Despite global closures and the economic crisis, the tourism business thrived in 2021
  • The sector is likely to rebound in 2022 after faltering due to lifting travel restrictions

Bahrain eyes cooperation with Germany in aviation, tourism

Bahrain's Minister said the private sector plays a key role in strengthening bilateral relations, as it boosts the volume of...
  • Bahrain's Minister stressed the importance of attracting more expertise and investments.
  • He also highlighted the incentive packages provided by Bahrain for overseas investors.

Al-Hada and Muhammadya Al-Shafa in Taif: A tapestry of tourism, nature

Taif, Saudi Arabia - Taif and its serene towering mountains, nestled deep within the majestic Sarawat Mountains, serve as a...

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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.