INSEAD Day 4 - 728x90

Tourism

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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

Oman-UAE tourism sector partners hold workshop

The workshop was reportedly aimed at highlighting Oman’s participation in Expo 2020 Dubai through the encapsulation of the country’s civilization...
  • Oman recently exempted citizens of 103 countries from visas for residency of up to 10 days to boost tourism activity
  • Travel and tourism agencies and organizations from around the world are said to have welcomed the visa-free move

Kuwait Touristic to raise capital to $996m to boost tourism

Kuwait is looking to revitalize its tourism industry, and in this regard Kuwait Touristic Enterprises plans to increase its capital...
  • “Our vision is to bring back the golden age of tourism in Kuwait"
  • The company plans to execute 95 initiatives and projects costing 380 million dinars over 10 years

Paris prepares warm Olympics welcome — except for rats

While the Paris Olympics is set to be a festival of socializing and intermingling, city authorities are keen for visitors...

Company News

Latest News

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...

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

Most Read

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

Abha Valley has potential to be a tourist destination

ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features...
  • The Abha Valley abounds in environmental diversity, which explains its array of mountain plants.
  • The rugged areas of the highest point of the valley form the right habitat for the Arab tiger,