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DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Kamco Invest launches two funds

Kamco's assets under management surpass SAR 1bn.

SHUAA okays MCB tranches

The two tranches will be converted into equity at the earliest opportunity.

Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia

Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...
  • This is in line with Rotana’s ambitious goal of launching eight properties in Saudi Arabia.
  • Dar Rayhaan by Rotana offers 133 keys, including 113 rooms and 20 suites,

Global football stars choose Red Sea destination for holiday

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
  • Among the football stars were Cristiano Ronaldo, Fabinho Tavares, Roger Ibanez and Roberto Firmino.
  • They also engaged in various water sports and marine activities, making the most of their time.

Qatar looks to boost tourism sector by streamlining regulations

Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...
  • Chairman of Qatar Tourism Saad bin Ali bin Saad Al Kharji said Qatari tourism sector has witnessed significant development in recent years
  • Al Kharji said that it is one of the main pillars of the state's strategy for economic diversification under the Qatar National Vision 2030

Middle East to receive millions of Chinese tourists lost in Covid pandemic

Dubai, UAE-- Outbound travel from China is estimated to almost double this year, compared with 2023 and will only be...
  • The Middle East will be the first region globally to recover its Chinese inbound market with full recovery expected in 2025
  • According to data from the Chinese travel site Trip.com, bookings for overseas travel during Chinese New Year, soared by 540%

Visa-free policies make Middle East preferred destination for Chinese travelers

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a...
  • Data from online travel agencies including Ctrip, Tongcheng, Tuniu, Mafengwo, and Zuzuche indicates a significant rise in Chinese tourists flocking to the UAE
  • Destinations like the UAE, Saudi Arabia, Qatar, Egypt, and Morocco have witnessed increasing demand from Chinese travelers, partly due to their visa-free policies

SeaWorld Yas Island, Abu Dhabi wins Guinness World Records

ABU DHABI, UAE – SeaWorld Yas Island - the region’s first Marine Life Theme Park here -, has won a...
  • SeaWorld Yas Island has won the Guinness World Records for being the “Largest Indoor Marine-Life Theme Park” in the world.
  • The certificate was presented to Mohamed Abdalla Al Zaabi, Group CEO of Miral, and the SeaWorld Abu Dhabi leadership.

Saudi RCU begins rock excavation for Sharaan Resort in AlUla

ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the...
  • The initial excavation symbolizes the start of a mission that combines Jean Nouvel’s architectural innovation with Bouygues' engineering expertise.
  • This milestone is an important step forward in AlUla's evolution into a premier destination for sustainable luxury tourism.

Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings

ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...
  • AlUla’s Old Town, with its origins going back over 700 years, prospered along the renowned incense trade route.
  • With over 900 traditional mudbrick homes, the Old Town stands as a testament to the Kingdom’s enduring cultural heritage.

Ten years from home World Cup, Saudi sizes up ‘huge challenge’

As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
  • To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document
  • Saudi sports ministry is preparing to issue tenders worth 10 billion riyals ($2.69 billion) to build and expand football venues, according to domestic media

RSG, Hyundai Motor ink pact

The two firms will explore opportunities in various areas.
  • The two parties will focus on validating and deploying Hyundai Motor Group's eco-friendly mobility solutions.
  • They will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility and maritime vessels.

Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge

Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147%...

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GCC tourism’s contribution to GDP expected to surge by 2030: Fitch

GCC tourism's GDP contribution will rise from $130 billion in 2023 to over $340 billion by 2030, driven by aviation...

Qatar to witness GCC’s highest growth in hospitality industry revenue until 2028

Hospitality industry revenue in Qatar is expected to witness the highest growth rate in GCC until 2028, Alpen Capital has...

Killer heat wave sweeps the globe, hundreds perish

A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken...

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Tunisian Jewish pilgrimage sees low turnout amid security fears

Djerba, Tunisia - Only a dozen pilgrims turned up Friday at this year's Jewish pilgrimage on Tunisia's island of Djerba...
  • The pilgrimage to the Ghriba synagogue, Africa's oldest, usually draws thousands of pilgrims from Europe, Israel and beyond, attracting international and local tourists as well
  • But on the first day of the pilgrimage event this year, only about a dozen worshippers were present - almost none of them foreigners

Alberta seeks to charm the world with a solid tourism growth plan, says Minister Joseph Schow

Alberta's tourism sector, with attractions resonating with GCC travelers, aims for a $25 billion visitor economy by 2035, says Joseph...
  • 'We possess attractions that resonate with international travelers, including those from regions like Saudi Arabia or the UAE'
  • 'Alberta's tourism sector aims to attract visitors from GCC countries, fostering relationships and expanding its global marketing efforts'

‘Over 91 percent of travel bookings are now online’

Digitalization is revolutionizing travel, and data analytics is hyper-personalizing the sector, notably in GCC's growing business tourism, says Pallav Singhvi...
  • Our omni-channel approach offers seamless and personalized experiences across multiple touchpoints that aim to redefine customers’ travel booking journey, says Singhvi
  • as become even more important to create hyper-customized and context-sensitive, targeted measures to reach and engage with the right kind of audience, he adds