Gulf Air Launches First Flight to AlUla International Airport

The Royal Commission for AlUla (RCU) is targeting broadening air connectivity with various international and local destinations, and transforming AlUla into a global logistics hub in northwestern Saudi Arabia. (SPA)
The Royal Commission for AlUla (RCU) is targeting broadening air connectivity with various international and local destinations, and transforming AlUla into a global logistics hub in northwestern Saudi Arabia. (SPA)
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Gulf Air Launches First Flight to AlUla International Airport

The Royal Commission for AlUla (RCU) is targeting broadening air connectivity with various international and local destinations, and transforming AlUla into a global logistics hub in northwestern Saudi Arabia. (SPA)
The Royal Commission for AlUla (RCU) is targeting broadening air connectivity with various international and local destinations, and transforming AlUla into a global logistics hub in northwestern Saudi Arabia. (SPA)

Gulf Air, Bahrain’s national carrier, launched on Saturday its first-ever flight to AlUla International Airport, from where the company will operate direct Bahrain-AlUla flights twice a week, from February 3 to March 6, and from April 10 to April 27, on board Gulf Air A320neo aircraft.

The Royal Commission for AlUla (RCU) is targeting broadening air connectivity with various international and local destinations, and transforming AlUla into a global logistics hub in northwestern Saudi Arabia.

Vice President of Destination Marketing and Management Office at RCU Rami Almoallim said: “We are pleased to welcome new visitors on their journey to AlUla, which offers a cultural and tourism experience."

He added that the inclusion of AlUla among Gulf Air’s main seasonal destinations for the current year is proof of the attraction this historic site has for tourists.

“This also helps our endeavors to facilitate access to AlUla as a destination via direct international flights from neighboring international aviation hubs," he added.

Several projects were carried out at AlUla International Airport in recent years to improve its services. The airport joined the list of international airports in March 2021. The total area of the airport was expanded to nearly 2.4 million square meters, and the airport’s flight deck can accommodate up to 15 aircraft at a time.

Enhancing aviation operations and developing the infrastructure of the airport aligns with AlUla’s goals of receiving two million visitors annually by 2035, utilizing a pioneering model of practical and sustainable tourism strategy.

Saudi airlines expanded the scope of its flights to AlUla International Airport linking it with Europe by operating flights with Paris, and adding international destinations to it, from Dubai, Doha, and Cairo.



Gold Gains as Dollar Slips on Trump Tariff Uncertainty

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)
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Gold Gains as Dollar Slips on Trump Tariff Uncertainty

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold prices rose on Tuesday as the US dollar eased due to uncertainty around President-elect Donald Trump's tariff plans, with further support coming from top consumer China's central bank adding to its gold reserves for a second straight month.

Spot gold was up 0.5% at $2,648.75 per ounce, as of 1218 GMT. US gold futures also rose 0.5% to $2,660.20.

"The main factor is the softening of the US dollar over the last two sessions, which has provided some relief for the precious metal," said Ricardo Evangelista, senior analyst at ActivTrades.

The dollar index eased towards a one-week low versus major peers as traders considered whether President-elect Donald Trump's tariffs would be less aggressive than promised following a report in the Washington Post, Reuters reported.

Trump however denied the report, deepening uncertainty about future US trade policies.

A stronger dollar makes bullion more expensive for other currency holders.

Traders are setting their sights on Friday's US jobs report for Fed policy clues, along with job openings data due later in the day, ADP employment and the minutes from the Fed's December meeting on Wednesday.

Fed Governor Lisa Cook on Monday said that the Fed can be cautious about any further rate cuts given a solid economy and inflation proving stickier than previously expected.

Bullion is considered a hedge against inflation, but high rates reduce the non-yielding asset's appeal.

Meanwhile, China's gold reserves stood at 73.29 million fine troy ounces at the end of December as the central bank kept buying gold for a second straight month, official data showed.

"By re-entering the market in December, Beijing signaled that its gold acquisition program remains active—a development likely to lend continued support to the precious metal's price," Evangelista added.

Gold prices gained about 27% in 2024, mainly boosted by robust central bank purchases and Fed rate cuts.

Spot silver gained 0.8% to $30.19 per ounce, platinum added 1.2% to $944.39 and palladium rose 0.9% to $928.38.