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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
  • Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
  • Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.

Saudi more than doubles tourism target by 2030, says minister

Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for...
  • "We have reached 100 million tourists this year, 77 million from home, 27 million from abroad, over 100 million," Tourism Minister Ahmed Al Khateeb said.
  • Saudi hopes 150 million tourists by 2030, up from an earlier goal of 100 million, with 70 million of those coming from abroad, up from an earlier goal of 30 million.

Saudi, UAE ‘prior’ countries for Russia’s inbound tourism push

Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia...
  • In 2024, attention will be given to five prior countries: China, India, Iran, the UAE, Saudi Arabia, said Director General of the Center for Strategic Research Pavel Smelov.
  • "It is expected that by 2030 the implementation of the concept presented will result in the annual flow of 16 million foreign tourists," he said.

Royal Commission for AlUla chief held for abuse of power, money laundering: report

Riyadh, Saudi Arabia - The CEO of the Royal Commission for AlUla, Eng. Amr Al-Madani, has been arrested on charges...
  • The Oversight and Anti-Corruption Authority (Nazaha) reported the arrest, stating that Eng. Amr Al-Madani's partners in a company were also apprehended
  • Despite formally leaving the company upon joining the government, Al-Madani is accused of retaining ownership and influencing the Royal Commission to recommend deals

Saudi Arabia launches global tourism campaign featuring Messi

Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign...
  • The campaign, called "Go Beyond What You Think," aims to address misconceptions about Saudi Arabia and encourage people to experience the country's cultural transformation.
  • The campaign launch coincides with Messi's upcoming return to Saudi Arabia, where he will play two matches with his club, Inter Miami, against Al Nassr and Al Hilal.

Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup

Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...
  • The robot is designed to tackle the plastic waste and other debris
  • It can cover up to 3,000 square meters in just an hour

Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025

Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
  • The train is set to embark on a captivating 770-mile journey from Riyadh, traversing through Hail, to the northern city of Al-Qurayat, near the border with Jordan
  • The train, featuring 40 opulent cabins and a maximum capacity of 80 passengers, is poised to redefine rail cruising experiences in the region

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...
  • This move will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom.
  • Zardun Nature Resort will feature four ultra-luxurious buildings that will blend with the landscape.

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...
  • Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
  • DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.

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,...
  • The agreement aims to develop a major tourism attraction in the Eastern Province of the Kingdom of Saudi Arabia.
  • The partnership between ASFAR and the Municipality of Al-Ahsa is set to transform the Eastern Province’s leisure and hospitality sectors.

‘Authenticity, experiences, culture, generational and solo travel to lead tourism trends’

Visit Saudi, experience the warmth, generosity and hospitality of the people, Jerry Inzerillo tells TRENDS in an exclusive interview.

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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...

Oman aviation sector sees 16.4% passenger growth in first 4 months of 2024  

Oman witnesses a 16.4% growth in passenger traffic in early 2024The Sultanate of Oman’s aviation sector has experienced remarkable growth...

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...

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‘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

Saudi to bring in more tourists from the Caribbean with expanded eVisa program

Riyadh, Saudi Arabia – The Saudi Tourism Authority (STA), in collaboration with the Saudi Ministry of Tourism, has announced the expansion of...
  • Nationals of Caribbean can now apply for a visitor visa to Saudi either electronically or at the country’s international ports of entry
  • The program constitutes a key pillar in delivering the revised Vision 2030 target of attracting 150 million tourists

ATM 2024 in Dubai to host 2,300 exhibitors from 165 countries

Dubai, UAE - The 31st edition of Arabian Travel Mart, 2024, taking place from May 6 to May 9, is...
  • ATM 2024 has seen a 21% year-on-year increase in participating hotel brands, alongside a notable 58% rise in new Travel Technology products on display
  • New destinations will be introduced at ATM 2024, including China, Macao, Kenya, Guatemala, and Columbia, while returning countries include Spain and France, among many others