FLYADEAL

Saudia’s Flyadeal Cancels $6b Boeing Deal, Opts for Airbus’ A320neo

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Saudi airline Flyadeal has canceled an order for up to $6 billion worth of Boeing 737 Max planes, instead opting to purchase from Boeing's top European competitor, Airbus SE, according to reports.

Saudi Arabia

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Security

Houthis’ bid to target civilian facilities thwarted: Coalition

Drones launched by the Iranian-backed Houthi terrorists from Sanaa toward the Kingdom were intercepted and destroyed on Saturday evening, Coalition spokesman Col. Turki Al-Maliki said. He ...

 

Saudi Airlines

Saudi airline goes all in on Airbus as Boeing struggles to get 737 Max back in the air

Saudi Arabian airline flyadeal said on Sunday that it will fly an all-Airbus fleet, changing course from a plan to buy up to 50 of ...

 

Entrepreneurship

Saudi’s Misk Innovation, Seedstars and Vision Ventures launch growth accelerator for startups in MENA, to offer $100,000 investment

Misk Innovation, the innovation arm of Misk Foundation, a non-profit established by Saudi crown prince Mohammad bin Salman to develop and empower country’s youth, has ...

 

Transportation

Saudi Arabia to restructure public transport system, regulate fares

The authority will determine the cost of train and bus tickets as well as the taxi fare. It said the fixed rates would apply not only ...

 

Saudi-UK

King Salman meets British finance minister Philip Hammond

Saudi Arabia’s King Salman on Sunday met British Chancellor of the Exchequer Philip Hammond at Al-Salam Palace in Jeddah to discuss economic and financial investments ...

 

Transportation

Investment opportunities in the Saudi railway system

With several projects and initiatives already underway with strong private sector participation, I strongly believe that there are considerable investment opportunities await domestic and international ...

 

Almarai

Saudi dairy company Almarai’s CEO resigns

Saudi dairy company Almarai has re-appointed its former CEO Georges P Schorderet to replace Alois Hofbauer, who has resigned, it announced in a bourse statement ...

 

Bassam Bakheet

Body of missing Saudi free-diving champion found off Jeddah

Bakheet went missing on Thursday while training in the sea in preparation for a free-diving event that is part of Jeddah Season. ...

 

Saudi-UK

UK ministers challenge court ruling on Saudi Arabia arms sales

Ministers have asked the courts to set aside a landmark ruling that British arms sales to Saudi Arabia are unlawful, a legal manoeuvre that prompted ...

 

Jeddah World Fest

Nicki Minaj concert shows Saudi Arabia ‘accepts everyone’, say organizers

Organisers of this month’s Jeddah World Fest summer music festival say the announcement that controversial singer Nicki Minaj will be the headline act shows that ...

 

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Regional and related topics

Iran Nuclear Deal

Iran’s Uranium Enrichment Breaks Nuclear Deal Limit. Here’s What That Means

On Sunday, Iran announced that it would within hours go over the level spelled out in the deal for uranium enrichment. That level — 3.67% ...

 

Iran Nuclear Deal

Iran, France Seek Conditions to Resume Nuclear Talks by Mid-July

France and Iran agreed to seek conditions by mid-July for the resumption of nuclear talks, presenting a potential diplomatic opening a day before the Islamic ...

 

Gulf Shipping

UK-flagged tanker reported ‘safe and well’ after stop in Gulf

The UK-flagged supertanker Pacific Voyager that halted in the Gulf on Saturday is “safe and well,” a British official told Reuters, after Iran dismissed reports ...

 

Turkey

Turkey’s Long, Painful Economic Crisis Grinds On

Turkey has avoided the meltdown that seemed possible last summer when the lira plunged precipitously, but safety is remote. The palpable threat of imminent collapse ...

 

Bahrain

UNESCO adds Bahrain burial mounds to World Heritage List

The UNESCO World Heritage Committee voted Saturday to add Bahrain's Dilmun Burial Mounds to its World Heritage List, praising the tombs for their “globally unique characteristics”. ...

 

Turkey

$72M worth of radioactive element used in nuclear reactors reportedly seized in Turkey

Authorities in Turkey reportedly discovered $72 million worth of a radioactive element — used in nuclear reactors and found in the fallout of nuclear explosions — from ...

 

India

‘Inspired by Central Park’: the new city for a million outside Karachi

The new city promises to “turn the vision of modern Pakistan into a reality”, with private and secure supplies of water, gas and electricity, as ...

 

Yemen Civil War

Yemen Houthi Rebels Present New ‘Locally Made’ Missiles, Drones

Yemen’s Iran-backed Houthi rebels said they have new types of locally made ballistic missiles that they will use in the conflict with the Saudi-led coalition. Mahdi ...

 

Pharmaceuticals

U.A.E. Julphar Seeks Adviser to Restructure as Saudi Ban Weighs

Gulf Pharmaceutical Industries is looking to hire a restructuring adviser after cutting jobs as a ban on the medicine maker’s exports to Saudi Arabia weighs ...

 

Qatar

Qatar’s emir to meet with Trump on July 9

Qatar’s ruling emir Sheikh Tamim bin Hamad al-Thani will meet with U.S. President Donald Trump in Washington on July 9 to exchange views on the ...

 

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