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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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...
  • December 2023 finished for Dubai Duty Free with record monthly sales of US$221 million, an 8.37 percent increase compared to 2022.
  • It's 40th anniversary celebrations offered a 25 percent discount on December 20 which led to a shopping spree of $14.8 million in 24 hours.

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...
  • Riyadh Season attracts large number of visitors with different kinds of activities and experiences.
  • It is one of the major Saudi events that establishes new concepts in the world of entertainment.

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...
  • Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.
  • At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.

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...
  • The platform aims to automate visa issuance procedures, thereby enhancing the overall visitor experience
  • The initiative is a step in the kingdom's strategy to bolster tourism in the forthcoming years

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.

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,

Dubai plans bigger airport as passenger traffic continues to increase

"Once we've reached about 120 million (passengers a year), which is what we think our total capacity at DXB (Dubai...
  • Dubai Airports CEO Paul Griffiths said designs were being drawn up for Al Maktoum International Airport, which will be built on the city's outskirts
  • Third-quarter traffic was 22.9 million, the highest since 2019, taking 2023 numbers so far to 64.5 million, nearly 40 percent higher than the same period in 2022.

Layali Diriyah: Blending scents of history, culture, global flavors

Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance,...

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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...

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...

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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

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