flynas Named 4th-Best Low-Cost Airline in the World, Best LCC in Middle East

The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.
The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.
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flynas Named 4th-Best Low-Cost Airline in the World, Best LCC in Middle East

The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.
The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.

flynas, the Saudi low-cost air carrier, in 2024 was named the fourth-best low-cost airline in the world for the second year in a row, and it kept its position as the best low-cost carrier (LCC) in the Middle East for the seventh consecutive year, according to the International Skytrax Organization, the global reference for assessing airline performance.

The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide, according to SPA.
On this occasion, flynas chief executive Bander Almohanna said that receiving this award for the seventh year in a row demonstrates that flynas has competently succeeded in keeping the high quality of its services in parallel with its expansion and growth plan.

He added that the achievement is in line with the National Aviation Strategy to enable national air carriers to contribute to connecting the Kingdom with 250 international destinations, reaching 330 million passengers, and attracting 100 million tourists annually by 2030.



Saudi Arabia Leads Middle East Venture Capital Investments

The Saudi capital Riyadh (Asharq Al-Awsat)
The Saudi capital Riyadh (Asharq Al-Awsat)
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Saudi Arabia Leads Middle East Venture Capital Investments

The Saudi capital Riyadh (Asharq Al-Awsat)
The Saudi capital Riyadh (Asharq Al-Awsat)

The "H1 2025 MENA Venture Investment Report" revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year).

This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national economy.

According to the report published by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025.

This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENA.

Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: “The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs.”

“We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.”

SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF).

SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.