Gulf Tourist Arrivals Top 75 Million in 2025

GCC tourism ministers meet in Bahrain (GCC)
GCC tourism ministers meet in Bahrain (GCC)
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Gulf Tourist Arrivals Top 75 Million in 2025

GCC tourism ministers meet in Bahrain (GCC)
GCC tourism ministers meet in Bahrain (GCC)

More than 75 million tourists visited Gulf Cooperation Council countries in 2025 as the region’s tourism sector continued to expand, recording an annual growth of 4.8%.

Around 20 million tourists also traveled between GCC states during the year, up 3.6% from 2024, highlighting the growing appeal of destinations within the Gulf.

That momentum continued into 2026. Saudi Arabia welcomed about 3.2 million tourists from other GCC countries in the first half of the year, reflecting increased regional travel and rising demand for Gulf destinations.

The kingdom received about 30 million international tourists in 2025, accounting for nearly 40% of all visitors to GCC countries.

Gulf tourism gathers momentum

Tourism spending across the GCC exceeded $131 billion in 2025, up from about $120 billion a year earlier, GCC Secretary General Jasem Mohamed Albudaiwi said.

The sector’s direct and indirect contribution to GCC economies reached around $254 billion, equivalent to 11.4% of gross domestic product.

Albudaiwi was speaking at the 10th meeting of GCC ministers responsible for tourism in Manama. The meeting was chaired by Bahrain’s Tourism Minister Fatima bint Jaafar Al Sairafi.

He said the figures reflected the progress GCC countries had made in developing tourism and underscored the sector’s growing role in supporting economic growth and diversification.

Saudi Arabia took part in the meeting through Tourism Minister Ahmed Al Khateeb as part of Bahrain’s presidency of the GCC’s 46th session.

Albudaiwi said the figures “do not merely represent indicators of growth” but reflect significant economic and development gains.

The next phase, he said, would require GCC countries to build on those results and strengthen the sector’s ability to protect and sustain its gains amid changing conditions, in line with the GCC Tourism Strategy 2023-2030.

Deeper integration between Gulf destinations

Albudaiwi said the next phase would focus on three main areas: strengthening the tourism sector’s resilience and preparedness, accelerating joint GCC initiatives and projects, and deepening tourism integration among member states.

The measures are intended to encourage travel within the GCC and capitalize on the diversity of tourism offerings across the Gulf.

Ministers discussed a joint GCC action plan to accelerate the tourism sector’s recovery, as well as joint promotional efforts and the development of Gulf tourism packages and programs.

They also considered ways to strengthen the GCC’s tourism presence in targeted international markets.

The meeting reviewed plans for a joint media strategy and a GCC tourism data and indicators dashboard. The initiatives are intended to improve data availability, strengthen performance measurement and help identify opportunities for growth.

Joint tourism initiatives

Ministers considered several initiatives to expand tourism cooperation and integration, including joint marketing campaigns and the exchange of expertise and knowledge on tourism data and statistics.

The meeting also discussed a unified tourist-guide license, common hotel-classification guidelines and the selection of the GCC Tourism Capital for 2027.

International cooperation and joint tourism activities and events were also on the agenda. The measures aim to support the development of an integrated Gulf tourism product and strengthen the region’s ability to attract visitors from international markets.

The meeting followed discussions at an extraordinary gathering of GCC tourism ministers in April, aimed at maintaining coordination among member states and improving the sector’s readiness to respond to changing conditions.

Saudi Arabia’s participation underscored its commitment to supporting joint GCC tourism efforts, coordinating priorities and advancing cooperation among member states to strengthen integration between Gulf destinations.



Hapag-Lloyd Raises Outlook for Third Time on Strong Freight Rates

Hapag-Lloyd containers at a loading terminal at the harbor in Hamburg, Germany, July 13, 2025. (Reuters)
Hapag-Lloyd containers at a loading terminal at the harbor in Hamburg, Germany, July 13, 2025. (Reuters)
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Hapag-Lloyd Raises Outlook for Third Time on Strong Freight Rates

Hapag-Lloyd containers at a loading terminal at the harbor in Hamburg, Germany, July 13, 2025. (Reuters)
Hapag-Lloyd containers at a loading terminal at the harbor in Hamburg, Germany, July 13, 2025. (Reuters)

German container shipping company Hapag-Lloyd on Wednesday raised its full-year earnings outlook for the third time this year, citing strength in freight rates and a stronger-than-expected performance ‌in the ‌fourth quarter.

The stock was ‌up ⁠2.4% at 0925 ⁠GMT.

The upgrade adds to a series of positive outlook revisions across the European logistics sector, where resilient global trade, elevated shipping ⁠rates and persistent ‌supply-chain disruptions have ‌supported earnings and boosted profitability.

Hapag-Lloyd ‌now expects full-year earnings ‌before interest and tax of $2.0 billion to $2.4 billion, up from previous expectations of $1.25 billion to $1.75 ‌billion.

The company also lifted its 2026 earnings before ⁠interest, tax, ⁠depreciation and amortization guidance to $4.6 billion to $5.0 billion, from $3.9 billion to $4.4 billion previously.

The latest increase follows earlier upgrades in July and September, reflecting sustained strength in container shipping markets and management's improved expectations for year-end trading.


Gold Gains After Steep Drop, but Hawkish Central Bank Signals Weigh

People buy gold jewellery on the occasion of 'Dhanteras' as part of Diwali celebrations, the Hindu festival of lights, in Kolkata on November 6, 2026. (AFP)
People buy gold jewellery on the occasion of 'Dhanteras' as part of Diwali celebrations, the Hindu festival of lights, in Kolkata on November 6, 2026. (AFP)
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Gold Gains After Steep Drop, but Hawkish Central Bank Signals Weigh

People buy gold jewellery on the occasion of 'Dhanteras' as part of Diwali celebrations, the Hindu festival of lights, in Kolkata on November 6, 2026. (AFP)
People buy gold jewellery on the occasion of 'Dhanteras' as part of Diwali celebrations, the Hindu festival of lights, in Kolkata on November 6, 2026. (AFP)

Gold prices climbed on Wednesday, but remained anchored near the $4,000 level after a sharp selloff in the previous session following a hot US inflation print and hawkish policymakers' comments that tilted market expectations towards further and larger ‌rate hikes.

Spot ‌gold rose 0.5% to $4,051.31 per ounce ‌by ⁠0916 GMT after dropping ⁠as much as 3% to $4,013.29 on Tuesday. US gold futures for December delivery gained 0.7% to $4,059 per ounce.

"Gold is seeing some slight relief after its post-CPI declines," said Han Tan, chief market analyst at Bybit.

"However, it's a tough ask for gold bulls to keep pushing prices higher, given ⁠the prospects of more Fed rate ‌hikes in the pipeline."

Data released on ‌Tuesday showed US consumer prices rose more than expected in ‌October, with the CPI increasing 0.4%. Economists polled by Reuters ‌had forecast a 0.3% rise.

Traders raised the odds of a December Federal Reserve rate hike to 100% from 84% before the data, as per CME's FedWatch tool. Expectations of a ‌larger, half-percentage-point hike also increased.

Ahead of the data, Fed Governor Christopher Waller said a core inflation ⁠reading ⁠of 0.3% in October would prompt him to consider a half-point hike at the December meeting.

Other policymakers also maintained a hawkish tone, with Fed Bank of Philadelphia President Anna Paulson signaling further US rate hikes and Fed Vice Chair for Supervision Michelle Bowman reaffirming the central bank's focus on curbing price pressures.

Although gold is typically seen as an inflation hedge, higher interest rates diminish its appeal, as gold bullion pays no interest.

Among other metals, spot silver climbed 2.7% to $52.87 per ounce, and palladium gained 4.1% to $1,066.66 per ounce.


Oman Posts Third-Quarter Budget Surplus as Revenue Rises 16%

Visitors and locals gather at the Mutrah Corniche in Muscat, Oman, April 11, 2025. (AP)
Visitors and locals gather at the Mutrah Corniche in Muscat, Oman, April 11, 2025. (AP)
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Oman Posts Third-Quarter Budget Surplus as Revenue Rises 16%

Visitors and locals gather at the Mutrah Corniche in Muscat, Oman, April 11, 2025. (AP)
Visitors and locals gather at the Mutrah Corniche in Muscat, Oman, April 11, 2025. (AP)

Oman's ‌public revenue rose 16% by the end of the third quarter to 9.828 billion Omani rials ($25.53 billion), the Oman News Agency said in a post ‌on X on ‌Wednesday.

Public spending ‌rose ⁠9% to about ⁠9.74 billion rials, and the state budget recorded a surplus of about 90 million rials ⁠at the end of ‌the ‌third quarter.

Public debt ‌fell by more ‌than 600 million rials from a year earlier, to about 14.1 ‌billion rials from 14.7 billion.

Dues paid ⁠to ⁠the private sector and received through the financial system totaled more than 1.43 billion rials by the end of the third quarter.