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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
  • Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.
  • Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.

ADIO and Dustour Marine to drive tourism activities in Abu Dhabi

Abu Dhabi, UAE -- Abu Dhabi Investment Office (ADIO) is collaborating with Dustour Marine Wooden Boats Trading Establishment to establish...
  • Located in Rabadan, the new Al Jaddaf project will provide a comprehensive sea paddle infrastructure tailored for boats.
  • The 79,595 sqm project will encompass buildings dedicated to boat maintenance and repair, a center for boat buying and selling, a shop catering to fishermen supplies

flynas receives 50th jetliner out of 120 Airbus A320neo ordered

RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the...
  • The deal with Airbus was a strategic step for flynas, consolidating its position as a leading low-cost airline in the Middle East.
  • The company is moving forward in its plan to double the fleet size after getting approval to purchase 250 aircraft.

GCC tourism growth skyrockets as diversification drive gains momentum post-Covid

GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...
  • Four years on, the GCC has not just recovered faster than was expected, but it has also led the global tourism recovery with a 122% surge in arrivals in 2023 compared to 2019
  • The region has assiduously worked for it with its two major economies, Saudi Arabia and the UAE, embarking on economic diversification with tourism one of the thrust areas

New shipping service in Saudi Arabia launched

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...
  • The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.
  • This will further establish the Kingdom's position as a global logistics hub that bridges three continents,

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

Middle East tourism projected to reach $350 billion by 2030: ATM report

Dubai, UAE – The Middle East’s tourism sector is poised for unprecedented expansion, with a new report predicting a 50...

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‘Saudi Arabia’s tourism sector to achieve 150 million visitors by 2030’

Saudi Arabia isn't aiming to be the next Dubai but is forging its own unique path in tourism," Aradhana Khowala...

Qantas scraps non-stop UK flight due to Middle East unrest

Sydney, Australia - Australian airline Qantas scrapped its non-stop Perth to London flight Thursday, saying the decision was taken as a...

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...

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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...
  • The village is near the Jordanian-Syrian border, 86 kilometres north of Amman, and is known as "the black oasis" due to the prevalence of black volcanic rock in the area
  • The village was first settled by the Nabataean peoples in the first century AD and later occupied by the Romans, becoming an important agricultural and commercial village

IOC creates historic Olympic Esports Games with 2025 launch in Saudi

History was made today when the International Olympic Committee (IOC) decided to create Olympic Esports Games. The first edition will...
  • Saudi already has over 23.5 million gamers, of whom almost half are females
  • Saudi has hosted over 1,700 elite players from over 80 countries over the last two 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...
  • Boulevards and squares have been thoroughly spruced up, with many historic buildings given a makeover
  • "Where there were areas with lots of rats, we put traps in place ahead of the Games" - French Deputy Mayor