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

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

Saudi Arabia leads GCC travel growth to India with a 40% rise in flight searches: report

Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North...

Company News

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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...

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,...

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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,

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.