Author: gulf-daily.com

A Memorandum of Understanding (MoU) has been signed between the Saudi Tourism Authority (STA) and Emirates to increase inbound tourism to Saudi Arabia and attract new segments of travelers. Through the agreement, Emirates will use its global network of over 120 cities to promote the Saudi Arabian experience and encourage leisure travelers to visit the Kingdom’s unique attractions. The Memorandum of Understanding was signed in the presence of Fahd Hamidaddin, CEO and Board Member of the Saudi Tourism Authority, and Adnan Kazim, Emirates’ Chief Commercial Officer. Adil Al Ghaith, Senior Vice President Commercial Operations, Gulf, Middle East and Central Asia,…

Saudi Arabia has been diversifying its economy, embracing digital transformation, and creating reforms aligned with its Vision 2030. These changes are spurring the growth of the construction industry. The government’s investment in infrastructure and housing development has generated more construction projects, causing construction firms to invest more in technology to meet the demands and complete efficient projects. The Kingdom of Saudi Arabia has completed some impressive projects. This list includes Neom, the Red Sea Project, King Abdullah Petroleum Studies and Research Center (KAPSARC) and Jeddah Tower. To ensure the success of these projects, technologies such as building information modeling (BIM),…

According to the flash estimate for the growth rate of the real GDP report released recently by the General Authority for Statistics (GASTAT), the real Gross Domestic Product (GDP) of the Kingdom of Saudi Arabia increased by 6.8% in Q4 of 2021. A significant portion of this increase can be attributed to oil activities increasing by 10.8%. Non-oil activities increased by 5.0%, and government services increased by 2.4%. Seasonally adjusted real GDP increased by 1.6% in Q4 of 2021 compared to Q3 of 2021. An increase in GDP resulted from a 1.8% growth in oil activities, a 1.5% increase in…

Batelco reaches top 10 globally in Global Mobile Speed Rankings

Aldar Properties announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a net profit of AED2.33 billion, up 21 percent year-on-year, highlighting the resilience of Aldar’s diversified business model. Aldar also reported earnings per share of AED0.295, up 20 percent year-on-year, demonstrating sustainable growth of shareholder value. Aldar’s robust financial results were driven by the strong performance of the Aldar Development business and growth in Aldar Investment’s recurring income portfolio. Aldar Development also reported its highest-ever revenue backlog…

The new special edition of the compact Sports Activity Coupé dials up the dynamic aura, adds visually striking exterior touches and creates an interior ambience distilled to maximize driving pleasure. The BMW X2 xDrive25e plug-in hybrid, super-sporting BMW X2 M35i and all other engine variants will be available in this special-edition form from March 2022. The highly distinctive design of the BMW X2 projects a sense of athleticism that accurately reflects the car’s sporty driving properties. It also ensures the X2 cuts a visually alluring figure and stands out from the crowd in the premium compact segment. The Sports Activity…

Porsche is launching a new Platinum Edition of selected Cayenne models. This special-edition of the SUV is characterized by exclusive coordinated design elements in a satin Platinum paint finish as well as by extra standard equipment. The result is a particularly stylish appearance coupled with an attractive price. Platinum Editions of the Cayenne, Cayenne E-Hybrid and Cayenne S are available, as well as the corresponding Coupé variants. The refined and exclusive appearance of the Cayenne Platinum Edition is characterized by numerous model-specific details in satin-finish Platinum. The inlays in the slats of the air intakes at the front, the Porsche…

The Kingdom of Bahrain announced the launch of the ‘Golden Residency Visa’ for residents and non-residents, with applications being processed electronically immediately upon meeting the criteria. According to the Kingdom, this move will serve as a catalyst to attract foreign investment. As part of the Economic Recovery Plan, Bahrain has announced a series of economic reforms and initiatives to enhance its long-term competitiveness. During a Press Conference held at the Officers’ Club in Al-Qudhaibiya, Shaikh Hisham bin Abdulrahman bin Mohammed Al Khalifa, Undersecretary for Nationality, Passports and Residency Affairs at the Interior Ministry, and Shaikh Ahmed bin Abdulla Al Khalifa,…

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, toured the Bahrain International Circuit (BIC) following the first practice session of the Formula 1 Gulf Air Bahrain Grand Prix 2022 race. The Prince explained how the Kingdom has become a global destination for motorsport events. This is thanks to its skilled labor force and notable role in organizing and hosting successful races over the years. Prince Salman was given an up-to-date briefing on preparations ahead of the final race during the tour, which included meetings with senior Formula 1 figures, such as team managers,…

The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the removal of travel curbs to 12 African countries for citizens who are fully vaccinated and who have received a booster dose of the approved COVID-19 vaccines, from Sunday, 6th February at 18:00. These countries are Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe. The authorities specified the categories of citizens who are allowed to travel to these countries: First: Citizens who received the full doses of the approved COVID-19 vaccines in addition…