Tourism Minister Chairs 121st UNWTO Executive Council Meeting in Barcelona

Discussions focused on analyzing international tourism trends, implementing the general work program and regulatory reforms, discussing financial growth strategies - SPA
Discussions focused on analyzing international tourism trends, implementing the general work program and regulatory reforms, discussing financial growth strategies - SPA
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Tourism Minister Chairs 121st UNWTO Executive Council Meeting in Barcelona

Discussions focused on analyzing international tourism trends, implementing the general work program and regulatory reforms, discussing financial growth strategies - SPA
Discussions focused on analyzing international tourism trends, implementing the general work program and regulatory reforms, discussing financial growth strategies - SPA

Saudi Minister of Tourism and Chairman of the Executive Council of the United Nations World Tourism Organization (UNWTO) Ahmed bin Aqeel Al-Khateeb chaired the 121st Executive Council meeting of the UNWTO, held in Barcelona, Spain, on June 10 and 11, with the participation of tourism ministers from around the world.
Al-Khateeb's chairmanship of the current session underscores the Kingdom's leading role and influence in the global tourism sector, following significant successes in recent times. In his speech during the opening session, the minister stated, "Presiding over the 121st Executive Council meeting of the United Nations World Tourism Organization was a historic moment for us, as it united world leaders to confront pressing challenges in tourism and to drive tangible progress in all aspects of the global tourism sector. This gathering confirmed our collective vision of the continued prosperity of the international tourism sector, stressing the need for innovative models to sustain the sector, create investment opportunities, and continue strategic partnerships."
According to SPA, the discussions focused on analyzing international tourism trends, implementing the general work program and regulatory reforms, discussing financial growth strategies for the international tourism sector, and the importance of investing in human resource development to maintain global competitiveness. With global travel destinations on the rise, the tourism sector is expected to contribute up to $16 trillion to the global GDP by 2034.
The re-election of the Kingdom to chair the UNWTO's Executive Council for the second consecutive year in 2024 is a clear indicator of its pivotal and growing role in creating a resilient and thriving global tourism sector.
On the sidelines of the event, Al-Khateeb hosted a roundtable meeting with senior executives in the private tourism sector in Spain. He showcased the attractive investment opportunities in the Kingdom under the Investment Enablers Program in the tourism sector and the Investment Enablers Initiative in the hospitality sector. He also highlighted the diversity of tourism destinations in the Kingdom and Saudi Arabia's plans to enhance air connectivity between Spain and Saudi Arabia, as well as Europe.
Participants in the roundtable included senior executives from leading global, European, and Spanish hotel chains, as well as operators of several tourism facilities in the Kingdom, alongside organizations looking to expand their presence in the Kingdom, amidst significant developments in the tourism sector under the Saudi Vision 2030. The roundtable discussions coincide with an increase in the number of Spanish visitors to Saudi Arabia in 2023, with the Kingdom receiving over 40,000 Spanish tourists, marking a 6% increase from 2022.
This growth is attributed to the Kingdom's launch of the visit e-visa, as part of its efforts to provide opportunities for tourists and visitors from 66 countries to explore the Kingdom's vast tourism destinations and potential. These steps are part of its endeavors to increase the number of inbound tourists to 70 million by 2030.



Saudi ADES Suspends Some Offshore Rigs in the Gulf

The group said it is working closely with clients and relevant stakeholders to monitor developments. Photo: ADES
The group said it is working closely with clients and relevant stakeholders to monitor developments. Photo: ADES
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Saudi ADES Suspends Some Offshore Rigs in the Gulf

The group said it is working closely with clients and relevant stakeholders to monitor developments. Photo: ADES
The group said it is working closely with clients and relevant stakeholders to monitor developments. Photo: ADES

Saudi Arabia’s ADES Holding Company announced it has temporarily suspended some of its offshore drilling rigs in the Gulf Cooperation Council due to ongoing regional tensions.

ADES said in a statement that the suspensions are expected to be short-term.

The group also said it is working closely with clients and relevant stakeholders to monitor developments and ensure operational readiness and stressed that the safety of its personnel and assets remains a top priority.

Despite the current situation, the company announced its EBITDA guidance for 2026 in the range of SAR4.50 billion to SAR4.87 billion, implying a 33% to 44% increase compared with the upper end of its 2025 guidance of SAR3.39 billion.

The outlook reflects improved visibility on earnings drivers across its expanded platform and continued confidence in the resilience of its diversified operations.


South Korea Seeks Omani Support on Oil, LNG

FILE PHOTO: People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016.  REUTERS/Kim Hong-Ji/File Photo
FILE PHOTO: People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/File Photo
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South Korea Seeks Omani Support on Oil, LNG

FILE PHOTO: People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016.  REUTERS/Kim Hong-Ji/File Photo
FILE PHOTO: People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/File Photo

South Korean Foreign Minister Cho Hyun on Tuesday asked his ⁠Omani counterpart for support ⁠on crude oil ⁠and LNG supplies, Cho's office said, due to shipment disruptions linked to the ⁠conflict ⁠in the Middle East.

According to the Foreign Ministry, Cho made the request during a phone call with Omani Foreign Minister Badr bin Hamad Albusaidi, as the ongoing US-Israeli war with Iran has disrupted global energy supply routes through the Strait of Hormuz.

Iran’s chokehold on the crucial Strait of Hormuz has snarled international shipping, sent fuel prices skyrocketing and threatened the world economy.


QatarEnergy Declares Force Majeure on LNG Contracts

QatarEnergy's liquefied natural gas (LNG) production facilities, amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. (Reuters)
QatarEnergy's liquefied natural gas (LNG) production facilities, amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. (Reuters)
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QatarEnergy Declares Force Majeure on LNG Contracts

QatarEnergy's liquefied natural gas (LNG) production facilities, amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. (Reuters)
QatarEnergy's liquefied natural gas (LNG) production facilities, amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. (Reuters)

QatarEnergy declared on Tuesday force ‌majeure ‌on some ‌of ⁠its affected long-term ⁠LNG ⁠supply contracts, ‌with ‌counterparties including ‌customers in ‌Italy, Belgium, ‌South Korea, and ⁠China.

It said it was ‌continuing ‌to assess ‌the ⁠full impact of ⁠these recent events on its operations.

It added that it was assessing the impact ⁠and repair ‌timeline ‌for damaged facilities.

Missile ‌attacks on QatarEnergy's Ras Laffan production ‌hub on March 18 and 19 ⁠⁠caused significant damage.