INSEAD Day 4 - 728x90

Tourism

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

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

Expo opportunity to boost Sri Lanka’s tourism: Minister

Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class...
  • Sri Lankan Ministry of Tourism says 104,000 people visited the country between Jan and Feb 2021 with Indian tourists accounting for 32.1 percent.
  • The presence of nearly 300,000 Sri Lankan citizens in the UAE helps enhance the bilateral ties between the two countries, the minister said.

An old Greek Cargo Ship attracts tourists in Saudi Arabia

The ship was loaded with foodstuffs and sailed in 1978 from a Greek port towards the Aqaba port in Jordan,...
  • Georgios-G was built in the UK with a length of 71.6 meters, a width of 11 meters, and a height of 4.9 meters
  • Currently, the ship is resting in the same place with more than two-thirds of its structure submerged in water

Jordan’s Umm al-Jimal added to UNESCO heritage list

Amman, Jordan - Jordan's Umm al-Jimal village has been added to UNESCO's World Heritage List, in a move hailed on Sunday...

Company News

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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,...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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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.

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...
  • Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.
  • At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.