Saudi Ministry of Tourism on Tuesday announced a 22.9 percent growth in inbound visitor spending during the first quarter of 2024 compared to the first quarter of 2023, with their total spending exceeding SAR 45 billion (approx. USD 12 billion).

The …

Egypt Prime Minister Mostafa Madbouly, announced Tuesday, implementing of “South Med” project on the Northwestern North Coast with local investments of about one trillion pounds (USD 21 billion).

The project will be through partnership with the priva…

Oil prices closed, Monday, up about two percent at settlement, recording the highest level in two months, amid expectations of increased demand during the peak summer travel season in the Northern Hemisphere.

Brent crude futures rose $1.60, or 1.9 %,…

Riyadh: Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed a strategic memorandum of understanding with Bahri Ship Management, a subsidiary of the National Shipping Company …

Istanbul: Minister of Municipal, Rural Affairs and Housing Majid bin Abdullah Al-Hogail and the Republic of Trkiye Presidency’s investment office chief Burak Daglioglu met Tuesday in Istanbul to discuss fostering cooperation.

Al-Hogail emphasized the…

Riyadh: The Ministry of Commerce has announced the start of implementing a ministerial decision issued by Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi to impose direct fines on anyone who fails to submit financial statements in accordance wit…

Riyadh: ROSHN Group has signed a Memorandum of Collaboration with the Ministry of Tourism that will support the realization of the Kingdom’s National Tourism Strategy and the achievement of targets, including welcoming 150 million tourists and generat…