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, Oman ink 13 business deals

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.
  • OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
  • In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company

Syria eyes visitor resurgence, especially from Europe

Syria is an important destination for Shiite pilgrims, and has continued to welcome visitors from Iran, Iraq, and Lebanon during...
  • Syria is home to several UNESCO world heritage sites that were very popular with tourists before the war
  • Most sites were damaged by more than 10 years of a conflict, but restoration work was undertaken

Virgin continues space ticket sale

The current fare is $450,000 per seat.
  • Virgin Galactic has sold around 100 tickets since flying its founder Richard Branson to space earlier this year
  • In total, the company has now sold 700 space tickets, according to a spokesperson

AlUla will become top tourist destination: French ambassador

Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...
  • He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
  • The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change

COP26 sees new coalition for net-zero tourism

The SGTC will be headquartered in Riyadh, Saudi Arabia, and may open regional offices in other countries.
  • The STGC is a multi-country, multi-stakeholder coalition established to lead, accelerate, and track the tourism industry’s transition to net-zero emissions
  • It is also expected to drive action to protect nature and support communities

JNTO opens its first office in Dubai in bid to draw more GCC tourists

Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...
  • Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
  • As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year

Israel eyes influx of tourists from UAE, Bahrain

Israel is anticipating a significant influx of Emirati and Bahraini tourists as the global tourism industry starts recovering from the...
  • Israel expects 100,000 tourists a year from the UAE and Bahrain, with each tourist spending $1,500 per vacation
  • The Jewish state is expected to make $150 million annually in revenues from the Gulf tourists

Dubai approves Hatta master development plan

The Hatta master development plan is said to be aimed at developing Hatta, an exclave of Dubai, into a tourist...
  • The Hatta plan is a part of the Dubai 2040 Urban Master Plan, which aims to create a roadmap for enhancing infrastructure
  • The master plan also aims to implement development projects and initiatives across the emirate over the next 20 years

UAE flights to help 1m Mideast tourists visit Brazil

Before the pandemic, around 75 percent of the tourist traffic between Brazil and the Middle East were to and from...
  • These will be direct flights from the UAE to Brazil’s Amazon and the Northeast regions
  • Brazil’s tourism minister has said more Brazilians would love to visit the UAE once the new flights are launched

Qatar Airways gets $3bn govt assistance after huge loss

The airline reported an overall loss of $4.1 billion for the year to March 31, double the figure for the...
  • The Gulf-based carrier recently reported an underlying operating loss of $228.3 million
  • Qatar Airways is the second largest airline in the Middle East after Dubai-based Emirates

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...

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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...

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...

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Red Sea Global, VAARST join hands for marine ecosystem mapping

TABUK, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the regenerative tourism destinations, is piloting SubSLAM, an...
  • VAARST’s photogrammetry and real-time intelligent data collection system are transforming how underwater ecosystems are mapped and preserved.
  • SubSLAM, developed by VAARST, enables precise quantification and identification of corals and underwater objects using advanced 4K sensors.

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.