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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.
  • Passenger traffic at Dubai airport jumps 50% to 41.6m in H1

    Surpassing pre-pandemic levels, more than 40 million passenger visits were recorded at Dubai international airport in the first half of the year, a 50 percent jump. According to its operator, the airport, busiest for international passengers before Covid-19, the passenger traffic went well past the number recorded in the first...
  • DAE H1 profit up 13%

    The company posted a 15% increase in revenue to $670 million.
  • GM reports strong results

    Profits jumped 52 percent to $2.6 billion .
  • Egypt to receive first batch of Iranian tourists in era of restored ties

    Tehran, Iran-- After years of frosty relations between the two countries, Egypt and Iran are set to restore ties with the visit of Iranian tourists to the North African country.According to the Egyptian Minister of Tourism and Antiquities, Ahmed Issa, Iranian tourists will soon travel to the country through Egypt's...
  • Saudi Arabia climbs to 13th rank on IATA air connectivity index

    Riyadh, Saudi Arabia-- Saudi Arabia vaults to the 13th position on the air connectivity index of the International Air Transport Association (IATA) in 2023, up from the 27th position in 2019.In the ranking that includes over 200 countries, the Kingdom achieved a record rise by 14 places. It achieved its...
  • Saudi Arabia to provide visitors with instant e-visa to boost travel

    Riyadh, Saudi Arabia-- In order to boost the travel and tourism industry in the kingdom, Saudi Arabia will offer instant e-visa options to visitors, facilitating UK, US, and Schengen visa holders, as well as permanent residents of UK, US, and any EU country to obtain tourist e-visas.Saudi Arabia had previously...
  • Airline industry’s net profits to shoot up to US$9.8bn in 2023: IATA

    Dubai, UAE-- Airline industry is expected to clock net profits in the region of $9.8 billion in 2023, which is more than double the previous forecast of $4.7 billion, according to the International Air Transport Association's (IATA) outlook for 2023.Airline industry operating profits are expected to reach US$22.4 billion in...
  • Air Arabia to double fleet

    The plan will boost Abu Dhabi's tourism market.
  • Travel industry looks to Chinese tourists to cap post-Covid rebound

    Jet makers, airline executives and hotel tycoons at this week's Qatar Economic Forum spoke of an apparently insatiable demand for travel. Chinese tourists, now unshackled from Covid-19 restrictions, will complete the boom, they said. The northern hemisphere summer travel season is expected to send airline traffic back to levels last...
  • Iran releases two French citizens from prison, says Paris

    Iran released two French citizens jailed in separate cases, France said, urging Tehran to release several others still detained in the Islamic republic. Bernard Phelan, who also holds Irish nationality and Benjamin Briere were freed from their prison in Mashhad city and are "on their way to France", Foreign Minister...
  • 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...
  • Word power: Gender-neutral language need of the hour

    "Despite all of the lovely words spoken by every company and organization during events such as International Women’s Day to prove how much they’re doing to achieve gender equality, we still have anachronisms that remind us how much we have to do to change hearts and minds and ensure fair...
  • Lufthansa expects summer boom

    The group's first quarter loss dipped to $515m from $644m a year ago.
  • 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...
  • 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...
  • American Q1 profit at $10m

    The airline's revenues were $12.2 billion, up 37 percent.
  • Lebanon judge to lift travel ban on central bank chief: judicial officials

    Under investigation both at home and abroad on suspicion of fraud, money laundering and illicit enrichment, Riad Salameh has been summoned for a hearing in Paris next month. He is part of a political class widely blamed for the country's economic crisis that the World Bank says is of a...
  • Saudi envoy to Yemen travels to Houthi-held capital to ‘stabilize truce’

    The Saudi ambassador's visit seeks to support the prisoner exchange and also to explore venues of dialogue to reach "a sustainable, comprehensive political solution."
  • OPEC projects world oil demand to average 101.9 mb/d in 2023

    Vienna, Austria  – The Organisation of the Petroleum Exporting Countries (OPEC) projected oil demand to grow by a healthy 2.3 mb/d YoY in 2023 to average at 101.9 mb/d, driven by the ongoing recovery in the travel and transportation sectors.“Following estimated growth of 2.5 mb/d y-oy in 2022, oil demand...
  • 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...
  • China’s international trade in services stands at US$67.6bn in January

    Beijing, China--China's international trade in services stood at 459.5 billion yuan, or US$ 67.6 billion, in January, official data showed on Friday, Xinhua News Agency reported.Services exports totalled $25.44 billion last month, and services imports were at $40.50 billion, resulting in a trade deficit of $15.50 billion , according to...
  • Oil demand to hit record as China reopens, air travel recovers: IEA

    Demand is expected to reach 101.9 million barrels per day on average in 2023, an increase of two million barrels per day from last year, the IEA said. It would be up 1.4 million barrels a day from the pre-pandemic level in 2019 as consumption of fossil fuels behind global...
  • Turkey comes out with retaliatory travel alert for US, EU

    Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran outside the Turkish embassies in Stockholm and Copenhagen.
  • 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...
  • 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.
  • Huthi rebels tighten restrictions on Yemeni women: Activist

    Dubai, United Arab Emirates--Yemeni student Abir al-Maqtari dreamt of studying abroad but amid a tightening of restrictions on women, Huthi forces blocked her from leaving.The Iran-backed Huthis, who have controlled swathes of the Arab world's poorest country since seizing the Yemeni capital Sanaa in 2014, have increasingly enforced travel restrictions on...
  • UAE passport ranked most powerful in the world

    Dubai, UAE— The United Arab Emirates has been ranked as the country with the world's most powerful travel document. That is according to the latest publication of the Passport Index, a global ranking by Montreal-based citizenship financial advisory firm Arton Capital. The UAE has beaten the likes of Germany, Sweden,...
  • Riyadh’s WTTC Summit to oversee signing of 50 deals

    RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council (WTTC) Global Summit in Riyadh, Saudi Minister of Tourism, Ahmed Al Khateeb said. The minister evaluated the deals to be worth $50 billion, local media reports said. The agreements include...
  • Sharjah International Travel and Tourism Forum to begin Nov 24

    SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off at the Sharjah Expo Centre on November 24, 2022, under the theme 'Building a Resilient Future for Tourism'. The forum will be held under the patronage of Sheikh Sultan bin...
  • Dubai starts issuing multiple-entry visa for Qatar World Cup fans

    Dubai, UAE— Dubai has begun to give out multiple-entry tourist visa for "Hayya cardholders" traveling to Doha for the World Cup this month. In this regard, Dubai's General Directorate of Residency and Foreigners Affairs (GDRFA)  issued the first 90-day multiple-entry tourist visa to Mohammed Jalal, a Jordanian football fan. This...
  • Air travel rebounds but still suffering from pandemic

    Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected by the pandemic, industry data showed Thursday.
  • UAE, Japan sign comprehensive strategic partnership pact

    Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the Prime Minister of Japan Fumio Kishida have signed the UAE-Japan comprehensive strategic partnership agreement.
  • Arab youth prefer UAE over home country to live, work

    Key attractions in the UAE include economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the wise leadership, says a survey.
  • Air passengers number up, reveals global aviation meet in Dubai

    Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE.
  • Joe Biden says Covid pandemic in US “is over”

    Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in US is over.
  • PIF to buy stake in Seera

    PIF will pick up $1bn stake in Seera Group's travel unit.
  • Hotel occupancy rate points to UAE tourism recovery

    The total number of hotel guests in the UAE rose to 10.5 million during the first half of 2022, up from 8.3 million during the same period last year, latest research by Colliers suggests.
  • Saudi Arabia eases visa rules for GCC, US, UK, EU residents

    The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom.
  • Alhokair trims H1 loss by 49%

    It cut down the loss to $18m from $35.39m posted last year.
  • Seera sees 43% slide in loss

    The Saudi travel group saw its loss fall to $35m in H1.
  • Airfares increase as demand soars for flights to UAE

    Demand for air tickets to destinations outside the UAE also surged in June and July, even as the travel costs grew sharply due to the rising oil prices and global inflation.
  • UAE, Saudi achieve above 60 percent pre-Covid travel recovery

    Travel recovery witnessed in the UAE and Saudi Arabia has been very strong, according to a survey of nearly 2,000 travel enthusiasts conducted by Collinson.
  • IHG H1 profits surge to $216mn

    IHG said it would resume its interim dividend
  • Global H1 air cargo demand up 2.2 percent over pre-Covid levels

    Global air cargo demand rose by 2.2 percent in H1 2022 as compared to pre-COVID levels (H1 2019), according to data released by the International Air Transport Association (IATA). IATA figures indicate a healthy and stable performance across global air cargo markets showing. Global demand sunk by 6.4 percent compared...
  • Airbnb revenue tops $2 billion

    The company logged a net income of $379 million.
  • Jordan’s Tourism income up 242% in H1 2022

    The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million.
  • GCC nationals can now visit Bahrain with just ID cards

    Bahrain will permit nationals of the Gulf Cooperation Council to enter into the kingdom with just an identity card or a passport, according to the Bahraini Nationality, Passports and Residence Affairs (NPRA). A statement carried by Bahrain News Agency (BNA) said the move follows the decision of GCC countries to...
  • Free of travel curbs, GCC residents fly away for a break

    In spite of high inflation, residents of the GCC countries are seeking newer destinations in Europe and beyond to travel to, Trupt Shah of Musafir.com tells TRENDS.
  • Staff shortages and strikes threaten pandemic recovery for airlines

    Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery. While trade is roaring back to life, representatives from the aviation sector meeting for three days in Qatar have a...
  • Tunisian court imposes travel ban on former speaker

    A Tunisian court has imposed a travel ban on the speaker of the country's now-dissolved parliament, a court spokeswoman said.