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IMF Expects 6.5 Percent GDP Growth for GCC Countries

IMF Expects 6.5 Percent GDP Growth for GCC Countries

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial cond

PIF Secures Record-Breaking $17bn Senior Unsecured Term Loan

PIF Secures Record-Breaking $17bn Senior Unsecured Term Loan

Badeel has announced a partnership to establish the largest solar photovoltaic plant in the region, while Saudi Arabia’s Public Investment Fund (PIF) announced that it has secured a $17 billion seven-year senior unsecured term loan (63.7 billion Saudi riyals). The loan is the largest-of-its-kind

WTTC Summit Launches From Riyadh Global Tourism Index for Innovation, Future Sustainability

The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded its work in Riyadh on Wednesday, with an initiative to launch a global tourism index for innovation and future sustainability. Meanwhile, Saudi Tourism Minister Ahmed Al-Khatib pointed to the importance of Saudi Arabi

UAE Supports Responsible Energy Transition

UAE Supports Responsible Energy Transition

The UAE is committed to remaining a responsible global energy provider and enabling a more sustainable future, announced President Sheikh Mohammed bin Zayed Al Nahyan.

WTTC’s Global Summit to Invest $10 Billion in Saudi Tourism

WTTC’s Global Summit to Invest $10 Billion in Saudi Tourism

The 22nd edition of the World Travel and Tourism Council’s Global Summit, currently held in Riyadh, emphasized the need to draw a road map for a sustainable and innovative future with the participation of the public and private sectors. The council also revealed its intention to invest more than

QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion project.

Travel, Tourism Summit Kicks off in Riyadh with Remarkable Participation of Women Leaders

Travel, Tourism Summit Kicks off in Riyadh with Remarkable Participation of Women Leaders

The World Travel & Tourism Council (WTTC) announced details of the many inspirational women in philanthropy, business and government who will take the stage for its upcoming Global Summit in Saudi Arabia from November 28 to December 1.

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