RIYADH: Saudi Arabia announced Sunday (Mar 12) the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha. Riyadh Air 'aims to launch flights to more than 100 destinations around the world by 2030,' the official Saudi Pres
RIYADH: Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.
The Wall Street Journal reported on Saturday that the Public Investment Fund, the sovereign wealth fund that will own the airline, was"close to a deal" with Boeing for an aircraft order"valued at $35 billion". Officials have in recent years tried to position Riyadh, in central Saudi Arabia, as a rival to business hub Dubai.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran and Saudi Arabia agree to resume ties in talks brokered by ChinaDUBAI/RIYADH: Iran and Saudi Arabia agreed on Friday (Mar 10) to re-establish relations after years of hostility that had threatened stability and security in the Gulf and helped fuel conflicts in the Middle East from Yemen to Syria. The deal, brokered by China, was announced after four days of previously
Read more »
Energy giant Saudi Aramco reports 'record' US$161 billion profit on back of Russia-Ukraine warRIYADH: Saudi Aramco said on Sunday (Mar 12) it achieved 'record' profits totalling US$161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter. The mostly state-owned energy giant, the world's second most valuable com
Read more »
China role in Saudi, Iran deal a tricky test for USChina’s involvement in brokering the deal could have significant implications for Washington, say analysts. Read more at straitstimes.com.
Read more »
Heavy rain in Australia triggers flood evacuations in QueenslandMore than 50 residents of the isolated Gulf Country town of Burketown had been evacuated. Read more at straitstimes.com.
Read more »
Heavy rain in Australia triggers flood evacuations in QueenslandSYDNEY — Emergency services in Australia's Queensland state evacuated residents to higher ground on Saturday (March 11), as record-breaking floods sparked by heavy rain lashed the region's northwest. Fifty three residents of the isolated Gulf Country town of Burketown, about 2,115km northwest of state capital Brisbane, had been evacuated since heavy rain triggered floods earlier this week, police said Saturday....
Read more »
Heavy rain in Australia triggers flood evacuations in QueenslandSYDNEY: Emergency services in Australia's Queensland state evacuated residents from a remote town to higher ground on Saturday (Mar 11), as record-breaking floods sparked by heavy rain lashed the region's northwest. Fifty-three residents of the isolated Gulf Country town of Burketown, about 2,115km northwe
Read more »