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 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.

‘Saudi Arabia’s tourism sector to achieve 150 million visitors by 2030’

Saudi Arabia isn't aiming to be the next Dubai but is forging its own unique path in tourism," Aradhana Khowala...

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Saudi more than doubles tourism target by 2030, says minister

Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for...

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...

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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,...
  • The robot is designed to tackle the plastic waste and other debris
  • It can cover up to 3,000 square meters in just an hour

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.