Exclusive Tourism Will Abu Dhabi’s new tourism vision drive international influx? Saadiyat Island, the cultural centrepiece of Abu Dhabi’s tourism offering, has unveiled a new vision which seeks to attract 19 million visitors and contribute AED 4.2 billion ($1.1 billion) in direct revenue by 2025. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and developer Miral unveiled the new strategy to support […] May 10, 2022
Aviation Air travellers ‘still risk Covid infection,’ study warns Passengers are still at risk of coronavirus infection while travelling on aeroplanes and in airports, researchers have warned. A study in the Journal of Travel Medicine reported that two Covid-positive passengers infected 15 other people during a 10-hour flight from Dubai to Australia in July 2020 – despite mandatory face masks for passengers, the use […] May 10, 2022
Tourism Russian visitors ‘strong’ despite Ukraine invasion “For us Russia, Ukraine, CIS, are very important,” Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, told delegates at the Arabian Travel Market. May 10, 2022
Tourism Belgian music festival launches adults-only desert glamping Belgian music festival organiser Tomorrowland has teamed up with local partners to open an adults-only desert resort, which will include luxury glamping accommodation, it was announced yesterday at the Arabian Travel Market in Dubai. The desert resort, to be named Terra Solis, will be located in Dubailand, Al Yufra, 25 minutes’ drive from Downtown Dubai […] May 10, 2022
Tech Make it happen: How to digitally transform your business Here is the first of our monthly guides to harnessing global trends with a razor-sharp regional focus May 10, 2022
Employment Food drivers stage walk-out over pay inspired by Deliveroo Foreign food delivery workers in the United Arab Emirates staged a mass walk-out yesterday, calling for better pay and working conditions in a rare instance of industrial action in the country. The strike follows similar action this month in which foreign workers forced another company to suspend plans to cut pay. In the latest episode, […] May 10, 2022
Tourism 70 million tourists to visit Saudi Arabia this year Saudi Arabia aims to exceed 70 million tourist visits this year, up eight million on the year before. The kingdom has in recent years started to promote leisure travel as part of a strategy aimed at diversifying the economy away from oil, spearheaded by Crown Prince Mohammed bin Salman. Visits were up 130 percent in […] May 10, 2022
Tourism Could alcohol be allowed at Saudi’s NEOM? The issue of legalising the sale of alcohol in Saudi Arabia is “not off the table”, according to a senior executive from one of the kingdom’s most high profile giga projects. “On alcohol, Saudi has a view NEOM will be its own authority, that’s not off the table,” Andrew McEvoy, managing director tourism at NEOM, […] May 10, 2022
Tourism Air travel makes quick recovery from Covid-19 The head of the world’s biggest airline trade body said today passenger traffic was recovering faster than expected and that, on average, the industry could now see those figures return to pre-pandemic levels in 2023, a year earlier than expected. The easing of coronavirus related restrictions around the world has released demand pent up over […] May 9, 2022
Tourism New Dubai tourism plans for world famous QE2 Hospitality giant Accor on Monday announced it has added the world-renowned cruise ship, the Queen Elizabeth 2 (QE2), to its portfolio as it looks to boost its luxury offerings in the UAE. The cruise ship will undergo further upgrades and renovations prior to joining the MGallery Hotel Collection. No date has yet been confirmed for […] May 9, 2022
Retail Mashreq puts $10m into Cashew, buy now, pay later start-up United Arab Emirates buy now, pay later platform Cashew announced on Monday it had secured up to $10 million in debt and equity financing from local lender Mashreqbank PSC which would now help it expand faster. The deal is the latest investment in the Gulf’s growing buy now, pay later sector that has drawn interest […] May 9, 2022
Exclusive Media & Advertising Starzplay Arabia: the rise and rise of a streaming giant With new shareholders on board, Starzplay Arabia’s Danny Bates is looking to the future with renewed confidence May 9, 2022
EXCLUSIVE Tech Abu Dhabi is harvesting technology to drive a farming revolution The Gulf region has historically imported around 90 percent of its food requirements, constrained by arid soils, scarce water resources and searing temperatures. But concerns about the impact of climate change on food production, coupled with the recent coronavirus-induced global supply chain crisis, are forcing governments to rethink food security. Technology solutions Abu Dhabi has […] May 9, 2022
Analysis Business of Sport Qatar scores as World Cup host but may not net long-term goals Tucked behind Doha’s $300-million Lusail Boulevard, where construction workers are toiling to transform desert into a Champs-Elysees-inspired commercial thoroughfare before the 2022 soccer World Cup, sits a sole convenience store. With the main stadium, four skyscrapers and apartments designed for some 200,000 people all in Lusail, its manager Younes waits somewhat anxiously behind his till, […] May 5, 2022
Tourism Cruise giant blames slow summer demand on Ukraine crisis Royal Caribbean Group on Thursday flagged slow summer demand for European cruises due to the Ukraine crisis, after a dull first quarter as it reeled under a resurgence in coronavirus infections in some parts of the world. Shares of the cruise operator fell about 5 percent to $73.87 after Royal Caribbean Group said higher fuel […] May 5, 2022
Tourism Airlines forecast higher fares after energy price spike Airlines will pass on rising oil prices to passengers through higher fares relatively quickly, but the spike in energy costs will worsen the industry’s overall outlook in 2022, according to the head of the International Air Transport Association. Speaking after JetBlue launched a counter-bid for US budget carrier Spirit Airlines, director general Willie Walsh also […] May 4, 2022
Microsoft partners with Epic Games to bring ‘Fortnite’ to Xbox Cloud Gaming Microsoft Corp is partnering with Epic Games to make “Fortnite” available with Xbox Cloud Gaming, Chief Executive Officer Satya Nadella said in a tweet on Thursday. The software behemoth has been looking to bolster its firepower in the booming videogaming market and earlier this year unveiled a $68.7 billion takeover of “Call of Duty” maker […] May 3, 2022
Retail Moncler bets on store expansion, footwear to drive growth Italian luxury group Moncler said on Thursday it would open, refurbish or relocate 200 stores in the next three years, mostly in Asia, and diversify into shoes and clothes for warmer weather. The group, which in 2020 acquired streetwear brand Stone Island, also said it expected to beat analyst forecasts for annual sales of 2.43 […] May 3, 2022
Employment Deliveroo backs off plan to cut pay of UAE riders after strike Delivery service Deliveroo on Monday put on hold plans to cut pay and extend working hours for its drivers in the United Arab Emirates after a rare strike over the weekend. The Amazon-backed company said in an email to restaurants, seen by Reuters, that it had paused proposed changes in its rider pay structure and […] May 3, 2022
Retail Swiss watchmakers grapple with fallout of Russian crisis Swiss watchmakers are gathering in Geneva this week for their first big industry event in three years, tackling the impact of sanctions on rich Russians arisingfrom the war in Ukraine. Russia was only the 17th largest market for Swiss watch exports last year, but how to manage business and client relations during such a sensitive […] May 3, 2022
Food & Drink Upside Foods valued at $1bn from Abu Dhabi funding Upside Foods has raised $400 million in a funding round led by Temasek and Abu Dhabi Growth Fund, valuing the cultivated meat company at over $1 billion, the company said on Thursday. SoftBank Vision Fund 2 and Synthesis Capital are among the investors who took part in the latest round, bringing the company’s total capital […] May 3, 2022
Retail Apparel to buy Karl Lagerfeld brand in $210 mln all-cash deal Apparel Group Ltd said on Monday it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner of the Parisian fashion brand. G-III, which owns brands including DKNY and Jessica Howard, will purchase the additional stake from a group of investors led by Fred Gehring […] May 2, 2022
