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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.

Turkey train showcases snow-covered countryside

Named the Turistik Dogu Ekspresi locally, the train offers one of the expansive country's most coveted new experiences.
  • The train has nine carriages that wind their way around mountain bends on a 32-hour, 1,300-kilometer journey
  • It travels from capital Ankara to Kars, an ancient city near Turkey's rugged border with Armenia and Georgia

Arada enters Dubai market

Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.
  • Design work on Arada’s mixed-use project on Palm Jumeirah has begun and will contain residential, leisure and F&B components
  • Arada’s projects include Aljada, Sharjah’s largest ever mixed-use megaproject where 5,000 units are currently under construction

Jordan’s tourism revenues hits $2.7 billion in 2021

The higher revenue this year as a result of the increase in the number of tourists, which was 2.358 million.
  • Tourism contributes in a significant way to the economy of Jordan
  • However, some observers say that the sector has a lot of room for improvement

Jordan Dana Reserve featured on NY Times’ 2022 travel wish-list

The newspaper highlighted the Dana Reserve as a site worth visiting, which combines a deeply rooted history, unique environmental components...
  • The newspaper highlighted the Dana Reserve as a site worth visiting, which combines a deeply rooted history, unique environmental components and breathtaking natural beauty
  • The Dana Biosphere Reserve is the first national reserve to be listed on the United Nations Educational, Cultural and Scientific Organization's Man and the Biosphere Program

Gulf watch: Sectors that will grow most in 2022

The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and...
  • The GCC’s non-oil sectors will continue to dominate the economy, creating future opportunities
  • The region’s economy may benefit greatly from ecommerce, logistics, and delivery services

UNWTO optimism to cheer up MENA tourism

While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...
  • UNWTO Executive Director Zoritsa Urosevic has said that the ‘future is bright’ for the tourism sector
  • Tourists ‘will come back’ and the industry will recover from the pandemic because it is ‘very resilient,’ she said

Saudi Arabia unveils largest Motor festival in Middle East

The management of Autoville has officially started selling tickets for the events of this International festival through its official website.
  • The Autoville festival will cover an area of 1.7 million square meters as the audience will watch the stars of art and display cars from all over the world
  • The festival will also showcase the latest developments in mobility, and a number of concerts by a group of Arab and international artists

Dubai, Malaysia discuss cooperation in tourism sector

The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry.
  • The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry
  • The Malaysian market is considered as one of the important emerging markets for Dubai

UAE tops list of safest travel destinations in 2022

After the progress and setbacks to travel and tourism in 2021, enthusiasts are looking to make the best of 2022.
  • Travelers will seek for destinations that prioritize safety again in 2022
  • The UAE is only a few countries to receive first-class travel advisories

Moroccan tour operators protest pandemic restrictions

About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders.
  • About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders
  • Morocco suspended all passenger flights from November 29 until January 31 as a result of rising infections of the Omicron variant worldwide

Oregon leverages coastal adventures and diverse landscapes to expand its tourism market

Oregon's tourism strategy focuses on year-round visitation, sustainability, and regenerative travel, aiming to optimize economic impact while preserving natural beauty...

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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...

10m people attend Riyadh Season 2023 events in first 50 days, says report

RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...

Saudi Arabia introduces unified platform for visas, including Hajj, Umrah

Riyadh, Saudi Arabia - Saudi Arabia on Tuesday introduced 'KSA VISA,' a unified visa platform aimed at streamlining visa application...

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NEOM unveils Utamo, a $500bn project to showcase world’s mega artists

NEOM, Saudi Arabia - Saudi Arabia's $500 billion mega project, has introduced Utamo, a new art and entertainment destination set...
  • Described by NEOM as "an innovative and multipurpose event and performance space," Utamo features VIP lounges and signature restaurants
  • NEOM envisions Utamo as a venue where "reality and the digital realm converge," aiming to redefine entertainment benchmarks

PIF sets up agri and ecotourism firm Dan Company

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...
  • The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.
  • Dan aims to involve local communities in imparting experience that enables visitors to fully interact with Saudi regional culture and traditions.

Siranna: NEOM’s premier destination for elite travelers revealed

NEOM, Saudi Arabia – NEOM, a futuristic city planned by Saudi Arabia in its northwestern Tabuk Province, has unveiled Siranna,...
  • The destination offers uninterrupted views of the Red Sea, with its tiered design offering diverse views and perspectives
  • Arriving via waterborne transportation to the secluded bay, guests will journey through the natural rock formations before reaching the entrance of the property