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Hospitality & Tourism
Oman’s airport traffic surges with 5 million passengers in first four months of 2024
Sohar airport witnessed the most dramatic growth with a 295 percent increase in the number of passengers
Egypt
Egypt’s trade balance deficit falls 23.2 percent to $2.37 billion in March
The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024
Logistics
UAE and South Korea forge CEPA agreement to free trade, promote investment
Agreement will remove tariffs on more than 90 percent of all imports from both countries in the next 10 years
Economy
AD Ports’ consortium signs deal to develop green methanol facility in Egypt
Global demand for green methanol is expected to increase to four million tonnes per year in the next five years
Interviews
Plaza Premium Group’s Bora Isbulan talks Middle East expansion and post-Covid rebound
An immersive local experience that caters to passengers across categories makes the group’s lounges a preferred destination across airports
Logistics
Saudi Arabia’s King Khalid airport tops GACA rankings: Report
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
Logistics
Dubai’s DP World, Saudi Arabia’s Mawani break ground on $240 million logistics park in Jeddah
The collaboration between Mawani and DP World also includes the management of a container terminal through a separate 30-year concession
Logistics
Doha’s Hamad International Airport’s 10-year journey peaks with 50 million passenger landmark
The airport's point-to-point passenger operations account for 25 percent of its total traffic
Logistics
Emirates, Avianca launch codeshare partnership through European gateways
Emirates and Avianca customers can enjoy seamless connectivity on multiple routes starting June 4
Logistics
Saudi Arabia’s non-oil exports rise 3.3 percent to $18.6 billion in Q1 2024
The total value of commodity exports stood at $77.77 billion
Logistics
Dubai’s RTA accelerates technological advancements with AI, metaverse and robotics in new digital strategy
The Authority launched 24 innovative initiatives integral to Digital Strategy 2023-2030
Economy
UAE world’s second-largest global commodity trading hub: DMCC report
United States retained the top spot on the Commodity Trade Index with a score of 59 percent
Egypt
Egypt’s SCZONE secures $3.23 billion in new contracts over 10-month period
From July 2023 through April 2024, industrial zones and ports attracted 144 new contracts
Logistics
UAE’s Etihad Credit Insurance sees 21-fold growth in gross exposure over 5 years, reaching $2.6 billion
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
Logistics
102 agreements worth over $20 billion signed at Saudi Arabia’s Future Aviation Forum 2024
GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion
Logistics
Saudi Arabia set to launch new air carrier later this year: GACA Vice President
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
Logistics
Oman to inaugurate 6 new airports by 2028-2029, targets 50 million passengers by 2040
The number of airports in the country will go up to 13, supporting the aviation and tourism sectors
Logistics
Sheikh Mohammed bin Rashid visits Zayed International Airport in Abu Dhabi
The airport spans 742,000 square meters and can handle up to 45 million passengers per year
Hospitality & Tourism
Saudi Arabia sees 20 percent surge in passengers in 2024 at 111 million
Number of flights increased to over 37 million last year, according to GACA President
Logistics
AD Ports’s SAFEEN Group trials Middle East’s first electric tug
Electric tug boasts a 70-ton bollard pull able to handle the largest vessels
Logistics
Future Aviation Forum 2024 seals 47 agreements worth $19 billion
The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide
Logistics
Dubai International welcomes 23 million passengers in Q1 2024, targets 91 million by year-end
India remained DXB's top destination country, with passenger traffic reaching 3.1 million
Logistics
Saudia Group orders 105 A320neo family aircraft from Airbus
The order comprises 12 A320neo and 93 A321neo aircraft
Logistics
UAE aviation sector sees 14.7 percent passenger growth in Q1 2024 at 36.5 million
The breakdown includes over 10.7 million arrivals, 10.9 million departures, and nearly 15 million transit passengers
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