Saudi Arabia, UAE firms sign $18.5B tourism megaproject for Egypt The new deal forms part of Egypt’s Vision 2030 agenda as the government aims to secure $42 billion in foreign direct investment this year. Egypt
Qataris hail Chinese robotaxis as Gulf embraces driverless cars Three Chinese companies have publicly announced plans to roll out the autonomous vehicles in the Gulf. Qatar
Saudi Arabia’s King Khalid airport sets record with 3.9M passengers in July Air travel is a part of the Vision 2030 plan to diversify the economy, though challenges remain in attracting tourists and catching up to other Gulf airports. Saudi Arabia
Mideast airlines see 0.4% dip amid Iran, Gaza wars, as global demand up 2.6% Conflict-related airspace closures and regional tensions disrupted airlines based in the Middle East. Iran
Saudi airline to resume Hajj flights to Iran after 10-year hiatus: What to know A Saudi-operated flight landed in Tehran last weekend as Iran and Saudi Arabia seek to expand their air connectivity. Iran
Citing lack of security, UAE billionaire abandons Lebanon investments Emirati businessman had previously said he received threats leading to the cancellation of a planned TV channel launch in Lebanon in 2024 Lebanon
Turkey: Death toll from ski resort blaze rises to 79 As officials continue to play the blame game, the number of people detained as part of the investigation into the disaster has increased to 11. Turkey
Turkey declares national day of mourning after ski resort fire kills at least 76 The blaze struck a popular ski resort hotel, leaving dozens dead. Turkey
Saudi's PIF downsizes foreign investment, turns to AI, domestic priorities Saudi Arabia's sovereign wealth fund is looking to invest in tourism, real estate and sustainability as its Vision 2030 deadline draws closer. Saudi Arabia
Sri Lanka arrests 3 men in plot to attack Israeli-run Jewish center: What we know Three Sri Lankan nationals were arrested on Thursday after Israel's National Security Council urged Israelis to leave certain areas of the country due to "credible terrorism threats." By Rosaleen Carroll In Washington, DC, US, reporting on the Middle East
Qatar to join US visa-free travel list in first for Arab country Qatar is set to become the second Middle Eastern country, behind Israel, to join the US Visa Waiver Program. Qatar
Analysis Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel? Riyadh could soon run a current account deficit as oil revenue declines amid huge spending commitments toward ambitious Vision 2030 projects. Saudi-led OPEC has also deferred an output increase plan to allow more time to reach desired oil prices. By Jennifer Gnana , Samuel Wendel
Saudia inks deal for electric flying taxis from Germany amid airline order spree The agreement to purchase 50 jets, with an option for 50 more, was made with Lilium, headquartered outside Munich. Saudi Arabia
Qatar Airways sees annual profit climb by 39% to record $1.67B The Doha-based airline carried more than 40 million passengers over the 2023/2024 financial year, 26% more than over the previous year. Qatar
Turkey: UK issues sex-crime warning for travelers, reports 42 cases in 2023 British nationals were the third-largest group of tourists who visited Turkey last year. Turkey
As Hajj kicks off, Saudi Arabia looks to expand tourism sector While leisure tourism is gaining momentum in Saudi Arabia, religious tourism still dominates the sector. By Sebastian Castelier In Dubai, reporting on regional business
