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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Saudi ministry, Red Sea Authority to boost coastal tourism

The program will equip employees at luxury coastal resorts and travel agencies with professional skills essential in the tourism sector. (SPA)
  • The program is offered for the first time on board the European Cruise and is accredited by the British University of Plymouth and Dale Carnegie.
  • The program will equip employees at luxury coastal resorts and travel agencies with professional skills essential in the tourism sector.

Riyadh, Saudi Arabia — The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the “Seas of Excellence” training program to improve the quality of tourism services and adopt international best practices to deliver a luxurious coastal tourism experience.
Minister of Tourism Ahmed Al-Khateeb attended the launch ceremony.
According to the Ministry of Tourism, the program is offered for the first time on board the European Cruise and is accredited by the British University of Plymouth and Dale Carnegie.
The program will equip employees at luxury coastal resorts and travel agencies with professional skills essential in the tourism sector, to ensure that visitors to the Kingdom enjoy an exceptional experience.
The undertaking is part of the Ministry of Tourism and Saudi Red Sea Authority’s efforts to enhance the coastal tourism experience by harnessing the potential of national talent.

Saudi Tourism Contribution to GDP Up

Last year, the contribution of the tourism sector to Saudi Arabia’s  gross domestic product (GDP) has increased to 4.45 percent.

Minister of Tourism Ahmed bin Aqeel Al-Khateeb said during his participation in the 10th Arab-China Business Conference last year that the ministry has developed comprehensive plans for the travel and tourism sector, which is three percent of the labor market.

“The Kingdom will invest more than $800 billion over the next ten years”, the minister said, adding that tourists may acquire Saudi tourist visas electronically.