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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.
  • Travel Agencies of Tomorrow: Blending AI Efficiency with the Warmth of Human Touch

    For travel and tourism companies based out of the Middle East, utilizing technology to optimize the content creation process, and enabling content editing for Arabic language is crucial. This empowers them to target their core segment and showcase their fluent communication to specific micro markets, leading to better dividends.
  • Israeli soldiers to join Moroccan war games for first time

    Israel participated in the event last year, however only as international military observers, without soldiers taking part on the ground. Morocco and Israel have been working to boost cooperation in the military, security, trade and tourism fields since they normalized ties in December 2020.
  • Air Arabia to double fleet

    The plan will boost Abu Dhabi's tourism market.
  • TRENDS poll: Technology most booming GCC sector

    Tourism and Finance were the next flourishing sectors named in the poll in which the majority of the respondents were in the 20-29 age group and mostly from Egypt.
  • Dubai tourist visa: 10-day overstay grace period abolished

    Dubai, UAE - Dubai has scrapped the 10-day grace period for visitors whose tourist visas have expired, Arabian Business reported on Friday. Previously, individuals who overstayed their visas were allowed an additional 10 days in Dubai before facing penalties. However, Dubai has now followed other emirates in removing this grace period.Instead,...
  • Dubai records 27 million taxi rides taken in first quarter of 2023

    Dubai, UAE-- Some 27 million taxi rides were undertaken in Dubai in the first three months of 2023, up one million from the same period last year.According to the Roads and Transport Authority, the latest figures underscored the sector's “remarkable growth” over the past five years.The increase in journeys comes...
  • Holiday homes in Dubai to get ‘QR Code’ to improve transparency

    Dubai, UAE - Dubai on Monday launched a new QR Code initiative for holiday homes, as part of efforts to improve transparency and increase confidence among investors and visitors in the short-term rental market.Launched as part of Dubai's commitment to supporting the continuous growth of the hospitality industry, the initiative...
  • Ajman Chamber, Belgium Embassy discuss trade opportunities

    AJMAN, UAE -   Chairman of the Ajman Chamber of Commerce and Industry (ACCI) Abdullah Al Muwaiji discussed trade and investment opportunities with Ambassador of the Kingdom of Belgium to the UAE Antoine Delcourt and his delegation.The meeting, held at the Ajman Chamber's headquarters, was attended by Mohamed Ali Al Janahi,...
  • Hyatt to develop tourist destinations in Saudi Arabia

    Riyadh, Saudi Arabia - Saudi Arabia’s Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across the kingdom.The collaboration aims to develop several hospitality-led destinations which will enhance the tourism sector in the country. The...
  • Strong non-oil sector growth to push UAE real GDP up 2.8% in 2023: WB

    The Emirates' non-oil sector is projected to grow by 4.8 percent, driven by robust domestic demand, particularly in tourism, real estate, construction, transportation, and manufacturing sectors, the bank's officials said.
  • 73.1m tourists to Saudi Arabia spent $35.54 billion in 9M 2022

    Riyadh, Saudi Arabia -- Nearly SAR 133.3 billion ($35.54 billion) were spent in the first nine months of 2022 by about 73 million tourists -- both domestic and inbound -- who visited Saudi Arabia.Saudi Arabia's Ministry of Tourism defines a tourist as every visitor (domestic, inbound or outbound) with an...
  • Saudi Arabia ranks 2nd fastest growing tourism destination in world

    The kingdom received about 7.8 million international tourists for all purposes during the first quarter of 2023, representing its highest quarterly performance.
  • 2 million tourists visit Jordan in first quarter of 2023

    Dead Sea, Jordan -- Almost 2 million people visited Jordan in first quarter of 2023, an 87.2 percent increase compared to the first third of 2022, the Tourism Minister of Jordan, Makram Qaisi said Monday.He said that the "tourism sector has begun to recover and grow at a high pace,"...
  • Three new beaches for night swimming open in Dubai

    Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming in Jumeirah 2, Jumeirah 3 and Umm Suqeim 1.The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock, and electronic screens that display...
  • Luxury tourism in Gulf countries set to reach $11bn this year

    GCC countries are investing in infrastructure and programs to become leading tourist destinations. With strategic locations, excellent connectivity, iconic attractions like the tallest building, and a commitment to eco-friendly tourism, they are poised for success in attracting visitors from around the world.
  • Global tourism industry is on track to reach pre-pandemic levels

    MADRID, SPAIN -  The World Tourism Barometer published its second report of the year, which showed that international tourism is making a strong comeback to pre-pandemic levels.During the first quarter of 2023, twice as many people traveled internationally than in the same period of 2022, with a total of 235...
  • Messi makes blockbuster Saudi move, will play next season

    The deal would mean Messi potentially joins his arch-rival Cristiano Ronaldo in the Saudi league. There was no confirmation from Messi's current club Paris Saint-Germain, who noted simply that he was under contract until June 30 when contacted by AFP.
  • Saudi Arabia launching tourism projects worth $400m

    Riyadh, Saudi Arabia - Saudi Arabia is launching tourism projects worth SAR 1.5 billion ($400 million) in the targeted destinations around the kingdom. The Saudi Ministry of Tourism has sponsored ‘The Collective’ initiative launched by Kerten Hospitality, a hotel investment firm, to establish its projects under one umbrella. The announcement represents an...
  • Virgin Galactic to restart commercial space flights after two years

    Unlike other companies that use vertical-launch rockets, Virgin Galactic uses a carrier aircraft that takes off from a runway, gains high altitude, and drops a rocket-powered plane that soars into space before gliding back to Earth.
  • Natural capital, conservation should be priority for private sector in region

    DUBAI, UAE -  The private sector and financial institutions in the Middle East should enhance reporting by including information about how they both impact and depend upon nature and natural capital, says a report.   The report titled 'Nurturing Natural Capital: The Middle East Imperative' was released by the World Government Summit,...
  • Pakistan and Oman agree to boost air travel, promote tourism

    Muscat, Oman -- Pakistan and Oman have agreed to boost air travel between the two countries' airports, reports said.The agreement came after a series of meetings in the Pakistani capital held by officials from both nations. An Omani delegation, led by Naif Ali Al Abri, Chairman of the Civil Aviation...
  • Sharjah exhibits futuristic tourism technologies at ATM 2023

    Sharjah, UAE-- Sharjah showcased its technology-enabled approach to the tourism industry at the Arabian Travel Market (ATM) 2023, highlighting the future of tourism in the region and beyond.Sharjah pavilion at the event demonstrated cutting-edge technologies and groundbreaking concepts, offering a compelling glimpse into the emirate's tourist destinations.Run by Sharjah Commerce...
  • UAE and Jordan sign MoU to boost tourism, cultural exchange

    Abu Dhabi, UAE--Looking to boost tourism and cultural exchange between the two countries, the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi) and the Jordan Tourism Board have signed a Memorandum of Understanding (MoU) on the sidelines of the Arabian Travel Market 2023.The MoU will unlock the tourism...
  • Over 3.8m passengers transit through Sharjah Airport in Q1 of 2023

    SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01 per cent increase over the same period in 2022.The airport is expected to achieve even higher growth rates by the end of 2023.  The aircraft movement for the same term...
  • Abu Dhabi aims to draw 24 million visitors by end of 2023

    Abu Dhabi, UAE--The emirate of Abu Dhabi is looking to draw some 24 million visitors by the end of 2023, six million more than it succeeded to attract last year.Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced new...
  • Arabian Travel Market unveils Monday in Dubai

    DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC), local media reports said.The event, on May 1-4, will see global travel, tourism, and hospitality experts come together to explore how their industry is ‘Working Towards Net Zero’.For ATM 2023’s...
  • Qatar shakes off post-World Cup blues with big spending

    Akbar al-Baker, head of Qatar's tourism agency and Qatar Airways, said hotel occupancy in the months after a World Cup is "always low". Along with the departed football crowds, thousands of foreign workers left the Gulf state after Lionel Messi lifted the coveted trophy on December 18. Many of those...
  • DET to highlight Dubai’s tourism in Arabian Travel Market

    DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination, offering sustainability platforms and highlighting new initiatives designed to boost the tourism industry during the 30th edition of Arabian Travel Market(ATM), local media reports said.This year’s ATM, from May 1-4...
  • Private sector sees 13% increase in Emirati workers

    More than 10,500 Emiratis have joined the private sector since the beginning of 2023, bringing the total number of Emiratis employed in the private sector to over 66,000.
  • Dubai Metro ferries 2 billion people since inauguration: RTA

    Dubai, UAE - The passengers of Dubai Metro surpassed two billion since its inauguration on September 9, 2009, the Roads and Transport Authority (RTA) said.The metro's Red Line transported 1.342 billion commuters while the Green Line served 673.531 million commuters.Additionally, the Dubai Metro maintained a punctuality rate of 99.7%, surpassing...
  • Qatar expects Eid bonanza, hotel occupancy rates to go up 80%

    Doha, Qatar-- Qatar expects a big boost in hotel occupancy rates by at least 80 percent during the Eid holidays in the country.The boost is expected in the wake of the launch of the Haya platform in its new look, which allows 4 types of visas for visitors, and the...
  • Dubai faces tough fight as GCC nations compete for tourists on digital, social media platforms

    The emirate still remains at the top of the list of places to visit in the region because of the sheer diversity of products it has to offer and the infrastructure it has built.
  • Jordan’s tourism income grows by 88.4 percent in first quarter

    Dubai, UAE – Jordan’s tourism revenue increased by 88.4 percent in the first quarter of 2023 to reach 1.18 billion Jordanian dinars ($1.66 billion) as nearly 1.5 million tourists visited the country.The Central Bank of Jordan said the tourism income during March grew by 49 percent year on year to...
  • Qatar Tourism head says country expects over 5m visitors in 2023

    DOHA, QATAR - Qatar expects more than five million people to visit the Gulf state in 2023 despite a post-World Cup lull, its tourism chief said on Sunday.Akbar Al-Baker, head of Qatar Airways and Qatar Tourism, admitted that hotels had fallen quiet after the World Cup final on December 19.But he...
  • UAE top Arab investor in Egypt with $28bn investments by Q1

    Abu Dhabi, UAE - The UAE led the Arab region in terms of investments in Egypt, Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said.It totaled $28 billion at the end of the first quarter of 2023, compared to $20 billion during the same period...
  • UAE, Costa Rica start talks to form economic partnership agreement

    UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s comprehensive economic partnerships program.
  • 2,000 ancient sheep heads found in Egypt temple

    Mummies of dogs, goats, cows, gazelles and mongooses were also exhumed by a team of US archaeologists from New York University.
  • Qatar cruise tourism receives boost as MSC World Europa docks in Doha

    Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121. They will be joined later by 555 tourists from Doha to a new itinerary to a number of tourist stops in the region.The cruise sector in Qatar has contributed to...
  • Saudi Arabia expands economic diversification plan

    The Kingdom is making significant investments in new economic sectors, including mining, tourism, and information technology, particularly the electronic games sector.
  • Trade leadership helps UAE emerge as a soft power

    “Trade has had an indelible impact on our soft power. Located at a strategic global crossroads, the UAE is one of the world’s most connected countries and acts as a vital bridge for many nation’s products on key East-West, North-South trade routes. This role is reflected in the value of...
  • Qatar eyes 1.5 million Saudi tourists in 2023 after thaw in bilateral relations

    Sports, social and marketing events, including various global activities and competitions, are likely to bring in more Saudi tourists, Qatar Tourism's data suggest.
  • UAE-Azerbaijan trade advances significantly: Envoy

    The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in the Azeri capital, Baku, in 2011, and have witnessed advancement due to the mutual keenness of their leaderships, he adds during an interview with Emirates News Agency.
  • Tourism, state spending spur real estate in KSA, UAE

    Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the post-pandemic recovery in the region.
  • Saudi Arabia captures cycling in sports charm offensive

    This week's Saudi Tour is the first of three stage races in the Arabian Peninsula in February, with competitions also scheduled in Oman and UAE. Organizers of the tour said they are planning to create a women's Saudi Tour, with the UAE Tour offering one this year.
  • Number of visitors to Petra surges by 147 percent

    Suliman Farajat, chairman of the PDTRA, stated that tourism in the red-rose city swiftly rebounded from the Covid pandemic impact in 2022.
  • Tourism in Iraq can be a success, says First Deputy Speaker of Parliament

    BAGHDAD, IRAQ -  First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the ingredients for success.Al-Mandalawi made the statement while meeting with the Association of Travel and Tourism Companies in Iraq, a statement issues by the  media office of the First Deputy Speaker...
  • Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

    Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of the southern city of Luxor.The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," according to Mostafa...
  • King Abdullah stresses building infrastructure in Petra to boost tourism

    Petra, Jordan--King Abdullah on Sunday highlighted the importance of further developing the city of Petra, and diversifying its tourism product.During a visit to Petra, King Abdullah said developing tourism services in the "golden triangle" of Petra, Wadi Rum, and Aqaba, will have a positive impact on Petra and Jordan at...
  • Tourists return in droves to Jordan’s desert marvel Petra

    Around 1,700 people make a living from Petra as tour guides, trinket sellers or by taking visitors through the site on donkeys, horses, camels or electric buggies.
  • Privacy remains key concern as facial recognition technology makes GCC travel sector secure, efficient

    Face and iris recognition technology vary by country in the region, and expecting it to be implemented in many airports around the world in a short time is unrealistic, says an expert.
  • GCC investment in non-oil sectors grew in 2022

    GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies.