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Saudi Airports to Expand Global Reach at Routes World 2024 in Bahrain

Saudi airports will participate under the theme "Saudi Arabia the Global Hub" at Routes World 2024 in Bahrain. (SPA)
Saudi airports will participate under the theme "Saudi Arabia the Global Hub" at Routes World 2024 in Bahrain. (SPA)
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Saudi Airports to Expand Global Reach at Routes World 2024 in Bahrain

Saudi airports will participate under the theme "Saudi Arabia the Global Hub" at Routes World 2024 in Bahrain. (SPA)
Saudi airports will participate under the theme "Saudi Arabia the Global Hub" at Routes World 2024 in Bahrain. (SPA)

Saudi airports will participate under the theme "Saudi Arabia the Global Hub" at Routes World 2024, which will take place in Bahrain from October 6-8, 2024, the Saudi Press Agency reported on Friday.
The event, considered the aviation industry's premier global gathering, will bring together key players from airlines, airports, and industry stakeholders worldwide to shape the future of air services and promote global economic growth.
The Saudi participation includes some of the kingdom's most important aviation assets: MATARAT Holding, the King Salman International Airport, the Saudi Air Connectivity Program, the Red Sea International Airport, the Riyadh Airports Company, the Jeddah Airports Company, the Dammam Airports Company, and the Airports Cluster 2 Company.
Saudi Arabia's participation aims to transform its aviation sector into a global leader, positioning its airports to handle 330 million passengers and transport 4.5 million tons of cargo by 2030. This ambitious goal, aligned with the objectives of the National Aviation Strategy, is a testament to the industry's potential.
The effort also focuses on creating seamless travel experiences, enhancing customer satisfaction, ensuring safety and promoting environmental sustainability in the aviation industry.
The 29th edition of Routes World will feature panel discussions, workshops, and intensive meetings focused on advancing the regional and global air transport industry.
The sessions will also explore airlines' financial and operational performance, prospects for future growth, and critical issues such as privatization, mergers, sustainability initiatives, and environmental conservation.

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Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)
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Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)

The Turkish Central Bank's balance sheet for this week will show foreign exchange sales amounting to near $20 billion, bringing the total forex sales since the beginning of the Iran war to nearly $45 billion, bankers said, Reuters reported.

According to calculations made by four bankers, based on preliminary data for the first part of the week and their estimates for the rest of the week, the central bank's balance sheet will show $18-21 billion in foreign exchange sales.

Bankers said that although $8 billion of the total $20 billion was made before a public holiday last week, this figure will be reflected in the balance sheet on the first day of this week.

The central bank sold $26 billion in foreign exchange in the first three weeks of the war, using its gold reserves as well, resulting in a $35 billion decrease in its net reserves.

Business

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port
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Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the RSX service by Marsa Ocean Shipping to Jeddah Islamic Port, featuring a capacity of up to 372 TEUs and connecting Jeddah with the regional ports of Aden, Hodeidah, and Djibouti, SPA reported.

This expansion aligns with the National Transport and Logistics Strategy, aiming to enhance the Kingdom’s operational efficiency and its ranking in global performance indicators.

As a primary gateway, Jeddah Islamic Port utilizes its 62 multipurpose berths and specialized terminals to support a total capacity of 130 million tons, reinforcing Saudi Arabia’s position as a global logistics hub connecting three continents.

Business

China Says Hopes to Boost Trade Cooperation with US

A street cleaner walks by food delivery riders gather outside restaurants waiting for their online orders, in Beijing, China, Wednesday, March 25, 2026. (AP)
A street cleaner walks by food delivery riders gather outside restaurants waiting for their online orders, in Beijing, China, Wednesday, March 25, 2026. (AP)
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China Says Hopes to Boost Trade Cooperation with US

A street cleaner walks by food delivery riders gather outside restaurants waiting for their online orders, in Beijing, China, Wednesday, March 25, 2026. (AP)
A street cleaner walks by food delivery riders gather outside restaurants waiting for their online orders, in Beijing, China, Wednesday, March 25, 2026. (AP)

China wishes to strengthen economic cooperation with the United States to avoid "vicious competition", commerce minister Wang Wentao told US Trade Representative Jamieson Greer, according to a readout released on Friday.

The two met on Thursday on the sidelines of a World Trade Organization (WTO) ministerial conference in Cameroon's capital, less than two months ahead of US President Donald Trump's planned visit to Beijing.

"China is willing to strengthen multilateral and regional economic and trade cooperation with the United States," Wang told Greer, according to a statement by the Beijing's Ministry of Commerce.

The two powers must "properly handle the relationship between competition and cooperation" and "avoid vicious competition," he said.

The world's two largest economies were locked in a bitter trade battle last year before agreeing to a truce in October.

High-level talks in Paris this month between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng also helped to ease tensions.

Nevertheless, issues including US tariffs, a trade balance in China's favor, and US restrictions on exports of advanced technologies continue to threaten relations.

Wang expressed "grave concerns" on Thursday regarding recently announced US trade investigations signaling the possibility of fresh tariffs.

Washington's trade investigations target 60 economies, including China, and will look into "failures to take action on forced labor" and whether these burden or restrict US commerce.

The White House has said Trump will visit Beijing on May 14-15, with the timing postponed by several weeks as a result of the war in the Middle East.