Japanese travel company signs memorandum of understanding with Saudi Tourism Authority
[ad_1] RIYADH: Saudi Arabia’s National Debt Management Center has closed the November issuance of its riyal-denominated sukuk program, with a bid amount totaling SR2.66 billion ($710 million), representing a decline of 33.16 percent compared to October. The November issuance was divided into two tranches, with the first tranche valued at SR1.99 billion set to mature […]
Experts hail Saudi tourism, female empowerment efforts as most promising in region
[ad_1] LONDON: Saudi Arabia’s efforts toward sustainable and eco-friendly tourism initiatives were promising but misunderstood throughout the region, an expert has claimed. Taleb Rifai, former secretary-general of the UN World Tourism Organization, was speaking to Arab News following a recent international travel sustainability summit in London. He said: “It’s an issue on the Saudi agenda […]
Saudi Arabia to showcase tourism strengths at World Travel Market
[ad_1] RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 85.59 points, or 0.79 percent, to close at 10,938.95. The total trading turnover of the benchmark index was SR4.86 billion ($1.29 billion) as 165 stocks advanced, while 55 retreated. The Kingdom’s parallel market, Nomu, also rose 214.75 points, or 0.96 percent, to close […]
Saudi tourism sector revises 2030 target to 150m visitors
[ad_1] RIYADH: Saudi Arabia’s flag carrier Riyadh Air will reveal the second livery for its wide-body aircraft at the upcoming Dubai Airshow in November, disclosed a top executive. Speaking to Arab News on the sidelines of the ongoing Future Investment Initiative, Riyadh Air CEO Tony Douglas said: “We always said we’d have two liveries.” He […]
Riyadh forum explores legal framework for tourism, investment
[ad_1] Riyadh: Madinah is showcasing its date industry during its annual season, with the sector producing more than 50 million kg of the fruit in the past three months, adding more than $149 million to the Saudi economy. Themed “From Madinah to the World,” the season features experts and prominent farmers showcasing date varieties and highlighting […]
NEOM unveils Leyja, its latest sustainable tourism destination
[ad_1] RIYADH: Saudi DJ Trgoosh’s latest project is a romantic track that he hopes will set the vibe for locals’ night-time winter cruises on the Kingdom’s streets. “The romantic song talks about a relationship between two people who love each other, and the name of the song is ‘Imagine.’ Its performer is an artist I […]
Saudi tourism ministry, STGC launch sustainability research hub
[ad_1] Saudi cabinet affirms Kingdom’s commitment to halt escalations in Gaza through international engagement RIYADH: The Saudi Council of Ministers, led by King Salman, convened In Riyadh on Tuesday to discuss recent diplomatic engagements that focused on bolstering relations with neighboring countries. During the session, the Council examined discussions held by King Salman and the […]
Qatar’s August tourism witnesses 78% annual surge despite monthly dip
[ad_1] RIYADH: The Organization of the Petroleum Exporting Countries on Monday predicted that crude demand would continue to grow in the next two decades. Raising its global oil demand forecasts for the medium and long term, OPEC said $14 trillion of investment is needed to meet this demand even as renewable fuel use grows and […]
Saudi tourism fund joins with Mukatafa Co. to propel sector
[ad_1] RIYADH: Saudi Arabia’s preliminary budget for 2024 not only signifies its commitment to structural reforms but also indicates that the country’s gross domestic product is on track to exceed the SR4 trillion ($1.1 trillion) mark for five consecutive years until 2026. In an analysis featured in Independent Arabia, Ghaled Darwish, an economist and journalist, […]
Miss Universes from Bahrain and Pakistan promote halal tourism in Philippines
[ad_1] MANILA: Miss Universes from Bahrain and Pakistan have joined a campaign to promote halal travel in the Philippines, as Manila seeks to attract more visitors from the Middle East and Muslim-majority countries to meet its tourism goals this year. The Philippines’ economy is dependent on tourism, which in 2019 generated about $50 billion, contributing nearly […]