
UAE supplies 52.1% of Japan's crude oil needs in June
This is based on figures from the Agency for Natural Resources and Energy of Japan's Ministry of Economy, Trade and Industry. Japan's total crude oil imports in June reached 59.6 million barrels, with 97.7%, equivalent to 58.2 million barrels, sourced from Arab countries.
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Broadcast Pro
16 hours ago
- Broadcast Pro
Co-Production Salon returns to MIPCOM Cannes for second year
Co-Production Salon will debut the 2025 MENA Co-Production Guidebook, host curated in-person and virtual networking sessions, and launch a year-round Virtual Networking Lounge to connect Arabic producers with global partners and showcase key industry insights and projects. Co-Production Salon, a platform dedicated to nurturing co-production partnerships and investment channels involving the Arab world, is set to return to MIPCOM Cannes for the second year in a row. Scheduled to run from October 13 to 16, 2025, at the Palais des Festivals, the initiative will feature an upgraded presence at the MIP Creative Hub, strategically positioned along the Cannes beachfront. The event underscores Co-Production Salon's growing role in linking Arabic content creators and investors with international distributors, broadcasters, and financiers to develop globally marketable content. Heba Korayem, Founder of Co-Production Salon, said: 'CoProduction Salon was created to bridge worlds — bringing Arabic production houses and investors together with international partners to create meaningful, marketable content. MIPCOM gives us the stage to make more of those connections happen.' A recent Omdia report predicts the region's VOD market will grow fivefold to reach $8.4bn by 2029, while Parrot Analytics data points to a dramatic rise in demand for Arabic content — up 400% in Saudi Arabia, 300% in Morocco, and 200% in Iraq since 2020. Since its inception, Co-Production Salon has facilitated over $12m in partnership deals. For 2025, the platform is introducing several new initiatives aimed at deepening engagement and insight. These include the launch of the MENA Co-Production Guidebook (2025 Edition), offering in-depth analysis of market trends and investment opportunities, and a Networking Power Hour, designed to foster real-time, curated meetings between Arabic and international stakeholders. Additionally, a Virtual Networking Lounge will provide continuous access to industry data, professional connections, and project highlights throughout the year. The initiative invites participation from a wide array of industry players, from production companies and distributors to investors, broadcasters, OTT platforms, and advertising agencies, all seeking to tap into one of the fastest-growing, youth-driven content markets in the world. Participants will gain access to premium projects, vetted partnerships, and curated networking opportunities. The Virtual Lounge already features over 200 verified profiles from top-tier MENA content entities, including Saudi Broadcast Authority, Thamaniya, Sadaf Media Production, Rise Studios, Cedars Art and Pixitoon. The physical lounge at MIPCOM will serve as a key venue for face-to-face engagement with these and other leading industry names. With its enhanced presence and expanded programming, Co-Production Salon is positioning itself as a central force in the internationalisation of Arabic content. Visitors can connect with the team at PALAIS C12 HUB 6, explore ongoing projects, or join high-level networking events at MIPCOM. 'Our goal is to make those partnerships not just possible but profitable,' added Heba Korayem.

Economy ME
21 hours ago
- Economy ME
Abu Dhabi hotels generate $185.7 million in May 2025 amid growing international visitors
Hotel establishments in Abu Dhabi maintained their positive trajectory in May 2025, fueled by rising occupancy rates and a growing influx of international guests. The sector achieved total revenues of AED682 million ($185.7 million), underscoring the ongoing growth of the emirate's tourism and hospitality landscape, the Emirates News Agency (WAM) reported. According to preliminary data from the Department of Culture and Tourism-Abu Dhabi, as released by the Statistics Centre – Abu Dhabi, the revenue breakdown for hotels in May includes AED408 million from room revenues, AED224 million from food and beverage services, and AED50 million from other sources. Abu Dhabi's hotels welcomed approximately 481,000 guests in May 2025, showcasing the emirate's increasing appeal as a premier tourism destination. This growth is bolstered by a variety of accommodation options and high standards of hospitality services. A total of 172 hotel establishments were operational in Abu Dhabi throughout the month, providing 34,383 rooms. The total number of guest nights surpassed 1.345 million, with an occupancy rate of 80 percent. The average revenue per available room reached AED490. Guests from non-Arab Asian countries led the visitor count with 155,000, followed by Europeans with 112,000, and UAE nationals with 88,000, reflecting the sector's sustained momentum and the emirate's status as a favored destination for global travelers. Hotels also catered to 31,000 guests from GCC countries, 52,000 from other Arab nations, 25,000 from North and South America, and 8,000 from non-Arab African countries, in addition to visitors from various other global markets. By category, five-star hotels attracted the highest number of guests, accommodating 236,000 visitors, with 72,000 of them being European guests. Meanwhile, four-star hotels hosted 126,000 guests, three-star hotels or below welcomed 70,000, and hotel apartments catered to 50,000 guests. Read more: Abu Dhabi hotel revenues surge to over $230 million in April 2025 Strong tourism growth reflects robust demand Abu Dhabi's hotel sector revenue in May 2025, which amounted to AED682 million (approximately $185.7 million), underlines the emirate's sustained momentum in tourism growth, surpassing previous months and reflecting robust demand. The Department of Culture and Tourism-Abu Dhabi, in conjunction with the Statistics Centre – Abu Dhabi, publishes these monthly statistics, providing an authoritative and transparent view of performance in the hospitality sector. This data is part of a continual effort to monitor and enhance Abu Dhabi's competitiveness as a global tourism destination. Comparatively, in April 2025, the total hotel revenues were higher at AED847 million, with hotels hosting about 531,000 guests and achieving an occupancy rate of 87 percent, indicating some seasonal variation but overall steady high performance. The average revenue per available room in April was AED614, higher than May's AED490, suggesting dynamic pricing strategies depending on demand cycles. Five-star hotels consistently attract the largest share of guests and revenue, reinforcing Abu Dhabi's positioning as a luxury destination. Official statistics and reports on Abu Dhabi's hotel performance can be accessed through the Department of Culture and Tourism – Abu Dhabi and the Statistics Centre – Abu Dhabi websites. The Hotel Price Index Monthly report published by the Statistics Centre – Abu Dhabi provides detailed economic statistics including occupancy, revenue per available room, and pricing trends, giving stakeholders critical insights into the hotel sector's health and prospects.


Al Etihad
a day ago
- Al Etihad
BRIDGE Roadshow lands in Shanghai as UAE spearheads global dialogue to redefine future of media
1 Aug 2025 15:29 SHANGHAI (WAM)The BRIDGE Roadshow continues its momentum as Shanghai, China, hosts the latest stop in its global journey, bringing together leaders from media, technology, business, finance, and public policy to explore the evolving role of media and information event serves as a critical milestone in the lead-up to the BRIDGE Summit 2025 - the largest platform uniting media, cultural and creative content creators, leaders, and decision-makers to transform how the world communicates, set to take place in Abu Dhabi, from 8 - 10 December the successful events in New York, London, and Osaka, Shanghai becomes the latest hub for the global conversation on how today's information dynamics are reshaping economies, governance, culture, and public this pivotal gathering, leading voices from Asia and beyond came together to discuss the region's growing influence on global media and culture, and to examine the role of innovation and responsibility in the fast-changing media provided a dynamic backdrop for the BRIDGE Roadshow, aligning with the city's prominent role in the global media and tech the presence of Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council; Muhannad Sulaiman Al Naqbi, Consul-General of the United Arab Emirates in Shanghai; and Khalid Al Shehhi, Deputy Ambassador of the Embassy of the United Arab Emirates in China, the event attracted leaders from across media, technology, and business to discuss how innovation, technology, and cultural influence are converging in the global media narrative.A central theme of the Shanghai event focused on the role of innovation in media and how China's platforms and creators are reshaping the global media landscape. A key discussion, moderated by John Darling, Co-Founder & CEO, Creative Capital Ventures, centred on whether Chinese stories could shape the international narrative, considering how China's unique position in global media offers new opportunities for soft panellists, including Joleen Liang, Co-Founder & President of Squirrel AI Learning, Zengxin Li, Deputy General Manager of Caixin Global, and Dennis Potgraven, Chief Strategy Officer of WPP Media China, explored the challenges and opportunities of this dynamic. They discussed how Chinese platforms are influencing perceptions both locally and globally, with an emphasis on how these platforms are redefining what it means to tell a story in today's interconnected central theme in Shanghai was the potential of gaming as the next frontier of cultural influence. A talk, led by Fangda Wan, Founder & General Partner of Gam3Girl Ventures, discussed how China's gaming industry is rapidly evolving into a nearly US$50 billion market, offering new ways to blend technology with culture. Speakers examined how gaming is becoming a powerful force in global media, allowing for new forms of storytelling that merge traditional Chinese narratives with cutting-edge bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council, emphasised that the Shanghai stop of the BRIDGE Roadshow marks a defining moment, highlighting China's dynamic media and cultural landscape and its growing impact on shaping global Chairman stressed that the challenges facing global media today are not limited to tools or platforms, but extend to the overarching vision guiding them. While technologies continue to evolve rapidly, there remains a pressing need for a comprehensive intellectual outlook that reaffirms the media's humanistic and civilisational role as a platform for meaningful content and a key contributor to knowledge-based societies and future also underlined that the Roadshow's path through New York, London, Osaka, and now Shanghai reflects the UAE's deep-rooted commitment to cultivating more balanced and inclusive global media perspectives. This effort is rooted in the UAE's core belief in building bridges of communication and fostering meaningful cultural Chairman concluded by stating that the discussions held during the Shanghai stop will help enrich the agenda of the upcoming Bridge 2025 Summit in Abu Dhabi, which will serve as a platform bringing together media decision-makers and influence alliances, aiming to explore the future of media and strengthen its role as a partner in development, innovation and global his part, Dr. Jamal Mohammed Obaid Al Kaabi, Director-General of the UAE National Media Office, shared his perspective on the evolving media ecosystem. He said, 'As the media landscape continues to evolve at an unprecedented pace, China's innovative leadership in media and cultural industries is playing a pivotal role in shaping global narratives. Through a unique blend of tradition and cutting-edge technology, Chinese platforms and creators are expanding the boundaries of soft power, offering diverse perspectives that are reshaping how news and stories are consumed around the world. BRIDGE provides an essential platform to bring together leaders and innovators from across the globe, helping to ensure that the stories we tell remain authentic, inclusive, and impactful.'The BRIDGE Roadshow series is designed to fuel an ongoing discussion about the future of media. Each stop contributes to Connecting Conversations, an evolving series of insights that will inform the programming and partnerships for BRIDGE Summit 2025 in Abu New York, the focus was on AI's role in ensuring trust in media, while London explored narrative diplomacy and the responsibility of media in cross-border relations. Osaka, which preceded Shanghai, placed a strong emphasis on media innovation and the ethical use of generative AI. Osaka, which marked the third stop on the roadshow after New York and London, explored themes of AI, media innovation, and cultural authenticity, setting the stage for Shanghai to dive deeper into China's role in shaping global Shanghai, with its dynamic creative economy, further explored the delicate balance between technological advancement and cultural authenticity in the media roadshow continues to build momentum, offering new perspectives on how media, technology, and culture intersect in a rapidly transforming Summit 2025 will serve as a space for content creators, artists, influencers, and agencies — those who know how to engage — to join forces with government entities, investors, and corporations — those who have the power to shape change. By bridging these two worlds, the summit will unlock purpose-driven collaborations that shape public perception and influence behaviour across is where thought leadership meets business innovation — providing the space and tools for a new generation of global communicators to co-create solutions that transcend entertainment and drive tangible, lasting impact. Registrations for BRIDGE Summit 2025 are now open