Top Travel & Tourism News

Darat Jordan Announces 'Reef Amman' Project

Darat Jordan Holdings announced 'Reef Amman' project with an investmenet of $150 million in real estate, tourism, and education, will be implemented over the next 3 years. Press Release - 07Aug 10:28GMT
Emaar Misr Builds On Marassi's Resort Project

Emaar Misr for Development S.A.E, the wholly-owned subsidiary of Emaar Properties PJSC, continues to energise one of the best beach destinations on the North Coast with its Marassi resort project in Sidi Abdel Rahman Bay. Press Release - 07Aug 09:23GMT
Jordan's Alia Hotel becomes Golden Tulip

Jordan's government handed over the management and the operation of the Alia Hotel at the Queen Alia International Airport to the Hotel Global Group Company (HGGC), an investment estimated at around $9 million. Jordan Times - 07Aug 07:36GMT
Istithmar and Nakheel buy 20% Cirque du Soleil stake

Istithmar World and Nakheel announced that both companies have together acquired a 20 per cent stake in Cirque du Soleil, the world's leading live entertainment company providing high-quality artistic entertainment. Emirates Business 24/7 - 07Aug 07:22GMT
Oasis to make way for new project in Dubai

One of Dubai's oldest hotels is to close at the end of this month ahead of its demolition to make way for a new mixed-use project. Emirates Business 24/7 - 07Aug 07:19GMT
Jumeirah joins hands with Expedia

Expedia, a global online travel company, on Tuesday said it had signed a long-term global agreement with the Dubai-based Jumeirah Group, a hospitality management company. Gulf News - 06Aug 07:57GMT
Emirates Palace offers ultimate $1m stay

The Emirates Palace Hotel in Abu Dhabi said it is offering a once-in-a-lifetime package worth $1 million. Gulf News - 06Aug 05:54GMT
Iraq Eyes Six Billion Dollar Baghdad Masterplan

Iraq announced it was seeking six billion dollars in investment over the next three years to fund a masterplan to revitalise conflict-torn Baghdad with new hotels, restaurants and highways. AFP - 06Aug 04:28GMT
Emirates Palace launches a lavish Million Dollar Package

The stunning grandeur of one of the most expensive hotels ever built demands ultra-luxury offerings for its guests, including unrivalled facilities and incredible tailor made designer packages. WAM (Emirates News Agency) - 05Aug 12:17GMT
Daman Facilitates New Visa Process In UAE

As per Ministerial Decision No. 322/2008, which affects all applications for visit visas in the UAE, The National Health Insurance Company- Daman launches its Visitor's Plan to facilitate visa applications' procedures after receiving the necessary authorization. Press Release - 05Aug 10:16GMT

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The WTO says that 46mn foreign tourists visited the ME last year, making it one of the world's fastest-growing regional destinations "despite ongoing tensions and threats."

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Kuwait Food Company	Kuwait	3,421
2	Abu Dhabi National Hotels	UAE	2,178
3	Orascom Hotels and Development	Egypt	2,031
4	Kingdom Hotel Investments	UAE	1,022
5	National Ranges and Real Estate Company	Kuwait	715
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