Search Site

Trends banner

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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yanbu Port in Saudi Arabia receives first cruise ship

    • Saudi Arabia expects this to open up marine tourism through the Yanbu Commercial Port

    • The country’s tourism sector has seen several setbacks because of the Covid-19 pandemic

    Saudi Arabia on Wednesday, July 28, announced that the Yanbu Commercial Port had received its first cruise ship on Tuesday.

    The port, one of Saudi Arabia’s oldest in the Red Sea, saw the cruise ship with “a number of tourists” dock there, the country said in a statement.

    This could open the floodgates for tourism through the port, which has traditionally been one that handles cargo.

    It does handle passengers, but so far they have been usually pilgrims coming into the country for Hajj.

    The Saudi statement said: “Yanbu Commercial Port operates amid an integrated system of marine and operational preparations.”

    It explained that this is a testament of the port’s readiness to “receive cruise ships and enable the marine tourism sector in Saudi Arabia.”

    Market research firms have estimated that the travel and tourism industry of Saudi Arabia had total revenues of $46.9bn in 2019, having grown constantly from 2015.

    However, the Covid-19 pandemic came as a major dampener, forcing the country to scale down Hajj tourism, which up until 2019 had contributed to 20% of Saudi Arabia’s non-oil GDP.

    Over the past few months, the country has been looking to reopen tourism, but with proper health and safety measures in place.

    On Tuesday, it even announced a travel ban of three years on those Saudi citizens who had travelled to countries that are on its non-travel blacklist at the moment because of their rising numbers of Covid-19 cases.