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Flynas has launched a new hub in The Holy City of Al Madinah at Prince Mohammed Bin Abdulaziz International Airport, introducing six new routes. The 2 new domestic routes include Abha and Tabuk, and 4 international routes include Dubai, Amman, Istanbul, and Ankara.
Flynas and Eve Air Mobility have partnered to bring electric vertical take-off and landing flights known as eVTOL to Riyadh and Jeddah by 2026.
The international Real Estate Consultancy Firm JLL has established its regional headquarters in Riyadh’s King Abdullah Financial District. JLL aims to elevate the standards of real estate in the kingdom, focusing on technology and sustainability.
Saudi Arabia’s Public Investment Fund has agreed to acquire a 10% stake in the United Kingdom’s Heathrow Airport from its holding company, TOPCO. This strategic move is part of PIF’s broader investment strategy to expand its influence in the global aviation sector as well as boost Saudi tourism globally.
The Saudi Central Bank (SAMA) and the People’s Bank of China have signed a 3 Year year currency swap agreement worth $6.9 Billion to promote financial cooperation and trade. This agreement aims to enhance financial relations between the two countries and promote the use of local currencies.
Saudi Arabia’s Aramco has discovered two new natural gas fields in the Empty Quarter.
The first discovery was at the Hanifa reservoir where gas was found to flow at 30 million standard cubic feet per day. This discovery is likely to boost the country’s efforts to increase gas production significantly by 2030
Saudi Speciality Cafe SHOTTED is bringing Saudi Coffee Culture to Washington DC. The Saudi-based Coffee shop offers a taste of authentic Saudi Coffee and culture to US customers.
They have also collaborated with Princess Reema bint Bandar, the Saudi ambassador to the US to cater for events at the Saudi Embassy.
Saudi Arabia’s Public Investment Fund has acquired a 25% stake in Alkhorayef Petroleum which has an important role in the region’s oil and gas production. The acquisition is part of the PIF efforts to deepen the manufacturing sector in Saudi Arabia and support the delivery of Vision 2030.
Saudi Arabia’s NEOM has launched the Neom Investment Fund, which aims to advance its $500 billion development by investing in 14 key sectors, spanning technology, water, manufacturing, and more, aligning with NEOM’s vision and Saudi Vision 2030.
Tabby, the buy now, pay later platform has reached a unicorn valuation of $1.5 billion joining an elite club of billion-dollar startups from the Middle East and North Africa. The company plans to list on the Saudi Tadawul stock exchange after announcing plans to move its Headquarters to Riyadh.
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