Egypt targets Latin America, Asia tourism markets

Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more

Dubai-based car rental tech platform Selfdrive expands to Qatar, Bahrain

Car rental tech platform Selfdrive, based in Dubai, is expanding to Qatar and Bahrain as part of its growth plans, reports say. The company said it expects to acquire as much as 65% of the digital rental market share in Read more

Kuwait investors to inject $90.6m in Saudi Eastern Province Municipality to promote tourism, leisure, sports

A set of Kuwaiti firms have pledged to invest $90.6 million in the Eastern Province Municipality in Saudi Arabia to set up entertainment centers and a commercial mall, reports say. The investments are part of two deals signed with governor Read more

Dubai, world’s most popular destination in 2022 – Tripadvisor

Travelers around the world clients of US travel firm Tripadvisor have nominated Dubai the most popular destination in 2022. The UAE’s emirate and city won Wednesday the Tripadvisor’s first Travellers’ Choice Awards for Destinations – The Best of the Best Read more

Saudi Arabia sets up first private equity fund to develop tourism

Tourism Development Fund (TDF), Saudi Arabia’s fund for tourism development, has agreed with investment solutions firm Derayah Financial to establish a SR100 million ($26 million) private close-ended equity fund – first private equity fund focused on tourism, reports say. The Read more