عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Bahri: Saudi Oil Tanker Amjad Was Not Targeted in Red Sea

A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis
A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis
TT
TT

Bahri: Saudi Oil Tanker Amjad Was Not Targeted in Red Sea

A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis
A tanker is seen in Yemeni waters: Photo: Maritime services provider Boskalis

Saudi shipping firm Bahri said on Tuesday its tanker Amjad was not targeted in a Red Sea attack, and that it had been spared any damage from the incident that hit another tanker that was sailing nearby.

"We unequivocally affirm that AMJAD was not targeted and sustained no injuries or damage. The vessel remains fully operational and is proceeding to her planned destination without interruption," Bahri, which owns and manages Amjad, said in a statement titled "Unexplained aerial activity reported.

"Bahri has promptly informed all relevant authorities and remains in continuous communication with our crew as we vigilantly monitor the situation," it added.

Most Viewed

 
 
Business

Travel Industry to Contribute Record $11 Trillion to Global GDP in 2024

Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
TT
TT

Travel Industry to Contribute Record $11 Trillion to Global GDP in 2024

Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the World Travel and Tourism Council, a non-profit membership organization.

The travel and tourism industry's contribution to global gross domestic product is expected to reach new heights as consumers increasingly see travel as an essential part of their budgets.

The WTTC estimates the industry's contribution to global GDP in 2024 will increase 12.1% year-over-year to $11.1 trillion, making up 10% of global GDP. This represents about a 7.5% increase from the previous record set in 2019.

"Despite some concerns last year about us going into a global recession and high inflation, this year we are looking at travel and tourism being a real economic powerhouse globally," said Julia Simpson, CEO of the non-profit organization.

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP.

The sector is expected to support nearly 348 million jobs in 2024, or 13.6 million jobs more than in 2019, the previous record prior to the pandemic. The industry is still hiring to fill jobs in the rapidly expanding field.

In the United States, there are currently 1 million job openings across the leisure and hospitality industry, according to the US Travel Association. Total employment supported in the US was about 27 million jobs in 2023, according to the WTTC.