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Rotana, a top hotel management company in the Middle East, Africa, Eastern Europe, and Türkiye (MENAT) region, announced its big plans for growth in Saudi Arabia at the Future Hospitality Summit 2024.   They aim to open seven new hotels in the next five years in major places across the Kingdom, showcasing their dedication to helping Saudi Vision 2030 and will double the number of rooms they have in the area.   The opening of Dar Rayhaan by Rotana in Al Khobar is the start of a big expansion plan for the next five years. This will add up to…

Dome International Schools Dome International Investment Company, owner of Dome International Schools, has been given approval to float 14.5 percent of its shares on the parallel market Two real estate companies on offer Gym operator sells 30% stake Education provider floating on Nomu Five more companies have received approval to sell shares in initial public offerings from Saudi Arabia’s Capital Markets Authority regulator. Already this year three Saudi companies, Derayah Financial, Umm Al Qura and Arab Company for Agricultural and Industrial Investment (Entaj), have raised more than $1 billion in IPOs.  Shares in both Derayah Financial and Entaj rose by…

Kanoo Machinery KSA, part of Kanoo Industrial and Energy, is ready to join the first SaudiFood Manufacturing event, the Kingdom’s biggest F&B manufacturing gathering, happening at Riyadh Front from April 30 to May 2, 2024.   Reports suggest that Saudi Arabia aims to draw in investments exceeding USD 20 billion into its food industry by 2035, aligning with the economic diversification and healthier lifestyle objectives of Saudi Vision 2030. Kanoo Machinery KSA and its partners are participating for the first time, focusing on innovation, collaboration, and adapting to the evolving landscape of the food industry, emphasizing efficiency, sustainability, and quality.…

Saudi Arabia is accelerating its efforts to integrate artificial intelligence (AI) into its tourism sector, aiming to enhance its global leadership in technological innovation and modernize the industry. As the government invests in AI-driven solutions to transform tourism, private sector companies are urged to keep pace with these advancements. Experts say AI will not only improve efficiency but also drive innovation and help the sector navigate future challenges in an increasingly competitive global market. The United Nations World Tourism Organization (UNWTO) has emphasized AI’s significance in shaping the future of tourism. According to UNWTO estimates, AI is expected to contribute…

Petromin Foton is excited to share that it will sponsor and actively take part in the Jeddah International Building & Interior Exhibition 2024, happening from May 7th to May 9th. JIBEX is a significant event for companies, both local and international, to seize the vast opportunities available in Saudi Arabia’s construction and commercial market.   Foton is a leading company globally, recognized for making top-quality commercial vehicles using advanced technology, with a history of delivering over 12 million vehicles worldwide, showing its reliability.   Petromin Corporation is the sole distributor of Foton vehicles in Saudi Arabia. They specialize in providing…

Japan’s core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes. The data came in the wake of Bank of Japan (BOJ) Governor Kazuo Ueda’s warning, made after its decision to keep interest rates steady on Wednesday, that rising food costs and stronger-than-expected wage growth could push up underlying inflation. The increase in the core consumer price index (CPI), which strips away the effect of volatile fresh food costs, compared with…

Shutterstock/Mathew Risley The rolling green hills, with golf courses, lakes, upmarket social and lifestyle amenities of The Woodlands, near Houston, could be a model for the Middle East The 120,000 or so residents of The Woodlands, the suburban satellite of Houston, Texas where I stayed recently during the CERAWeek energy conference in the city, count themselves among the most fortunate in the United States. In rolling green hills, with golf courses, lakes, upmarket social and lifestyle amenities and some of the most sought-after real estate in America, they live a privileged life, even by the standards set by the legendary…

Tolga Uluturk/ZUMA Press Wire A banner with with Istanbul mayor Ekrem İmamoğlu’s picture. Turkey’s economy has been shaken by his arrest Shares fell 9% Turkish lira down 4% Rate had been falling Turkey’s central bank has raised its overnight lending rate, a move designed to tighten liquidity and reassure markets it is prepared to intervene in response to financial instability stemming from the arrest this week of a leading political opposition figure. The move has so far failed to settle the markets. The detention of İstanbul mayor Ekram İmamoğlu – a rival to President Recep Tayyip Erdoğan – on March 19…

Alamy via Reuters Throughout Saudi Arabia, restaurants deftly adapt to Ramadan, shifting operations to open just before sunset and remaining busy into the early morning hours Like any major observance, the holy month of Ramadan significantly influences the hospitality and tourism industries, particularly in the Middle East. However, the outside world often has a fixed perception of Ramadan in the region, misinterpreting what this period actually means for visitors and businesses.  Some expect the entire region to slow down dramatically, but the reality is far more nuanced. In Dubai, for example, outdoor terraces and restaurants remain as lively as ever…

London, March 21, 2025 – A delegation from Saudi Arabia, led by Permanent Representative to the International Maritime Organization (IMO) Eng. Kamal Al Junaidi, met with representatives from The Bahamas, including Minister of Energy and Transport JoBeth Coleby-Davis and Ambassador Paul Rolle, at the IMO headquarters in London on March 11, 2025. The meeting took place during the 49th Session of the Facilitation Committee.Discussions centered on strengthening bilateral cooperation in the maritime sector, with a focus on seafarer education, digital transformation, and global trade facilitation. Both sides reaffirmed their commitment to developing sustainable and innovative solutions to enhance industry resilience.Eng.…