Riyadh Air Signs Global Distribution Deal with Spain’s Amadeus to Fuel Expansion Plans

A Riyadh Air aircraft. (Amadeus)
A Riyadh Air aircraft. (Amadeus)
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Riyadh Air Signs Global Distribution Deal with Spain’s Amadeus to Fuel Expansion Plans

A Riyadh Air aircraft. (Amadeus)
A Riyadh Air aircraft. (Amadeus)

Riyadh Air, Saudi Arabia’s new national carrier and a wholly owned subsidiary of the Public Investment Fund, has signed a global distribution agreement with Spain-based Amadeus, a leading travel technology provider.

The strategic move will give the airline access to one of the world’s largest networks of travel agents, bolstering its growth strategy and supporting the Kingdom’s transformation drive under Vision 2030.

According to an Amadeus statement issued Thursday, the partnership will enable Riyadh Air to join the Amadeus Travel Platform, connecting it with travel agents and distributors in over 190 countries.

The agreement is aimed at ensuring the airline’s offerings reach travelers worldwide, enhancing Saudi Arabia’s appeal as a global tourism destination and reinforcing its role as a central hub for aviation and travel.

Vincent Coste, Chief Commercial Officer of Riyadh Air, said the company’s mission is to build a world-class airline that embodies Saudi Arabia’s ambitions.

He added that the partnership with Amadeus provides the global reach, distribution strength, and retailing capabilities needed to achieve the airline’s goal of serving more than 100 destinations by 2030.

“This collaboration is not only about enabling seamless travel experiences,” Coste said, “but also about contributing to the broader national vision of diversifying the economy, growing tourism, and enhancing global connectivity.”

The agreement also covers the future distribution of Riyadh Air’s content through Amadeus’ New Distribution Capability (NDC) framework, giving the airline greater ability to offer dynamic, personalized deals to travelers while maintaining stronger control over indirect sales strategies. These advanced capabilities will help Riyadh Air deliver a modern, flexible, customer-focused retail experience.

Maher Koubaa, Executive Vice President for Travel and Managing Director for Europe, the Middle East, and Africa at Amadeus, described the deal as a milestone in the development of Saudi Arabia’s aviation sector.

He said the launch of Riyadh Air marks a significant moment for the Kingdom’s aviation industry, and that Amadeus brings not only global reach but also advanced retailing, marketing, and data analytics tools to help the airline compete internationally.

Founded in 2023 under the patronage of Prince Mohammed bin Salman, Crown Prince and Prime Minister, Riyadh Air is a key part of Saudi Arabia’s strategy to diversify its economy, invest in tourism and infrastructure, and position the Kingdom as a global aviation hub.

Backed by the Public Investment Fund, the carrier is expected to contribute more than $20 billion to Saudi Arabia’s non-oil GDP and create over 200,000 direct and indirect jobs in the domestic market.



Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
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Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)

The third edition of the “Mirkaz ABalad AlAmeen”, a leading platform for exchanging opportunities in Makkah, will kick off on Sunday, under the theme “Makkah Inspires the World.”

The platform, organized by the Holy Makkah Municipality, will feature 15 exceptional Ramadan evenings focused on dialogue, knowledge exchange, and cross-sector engagement.

Makkah Mayor Musad Aldaood said the platform redefines development from Makkah, where faith meets inspiration and values are transformed into a comprehensive civilizational experience.

He noted that the initiative reflects the ambitions of Saudi Vision 2030 and showcases Makkah to the world as a living model of creativity, leadership, and innovation.

The upcoming edition will host more than 65 speakers, including executive leaders and decision-makers from across all three sectors, alongside futurists, entrepreneurs, and leading voices in culture and inspiration from artists, writers, media professionals, and innovators.

The program targets 12 key sectors: technology and digital transformation, financial investment, communications and media, real estate development, transport and logistics, banking services, youth and sports, tourism and culture, hospitality and catering, Hajj and Umrah, the third sector, and healthcare.


Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
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Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)

The Saudi Ports Authority (Mawani) granted on Thursday a unified license to international shipping line Global Shipping Line (PIL), officially recognizing it as an authorized foreign investor to operate maritime agencies in the Kingdom's ports, reported the Saudi Press Agency.

The license is issued in accordance with the regulations outlined in the Maritime Agency Services, reflecting Mawani's commitment to boosting the efficiency of the maritime sector and improving the quality of operational services provided at ports.

It aims to attract global expertise and facilitate knowledge transfer within the Kingdom, aligning with international best practices in the maritime transport industry.

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector.

PIL, which operates from its regional headquarters in Riyadh, manages operations in 29 countries.

The move strengthens the Kingdom's position as a crucial logistics hub, in line with the National Transport and Logistics Strategy, while attracting more international shipping lines. It reinforces Saudi Arabia's role as a key link among three continents.


IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
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IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo

Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday.

IMF spokeswoman Julie Kozack said the global lender remains engaged in complex discussions with Lebanese ‌authorities following their ‌request for an IMF-supported ‌program ⁠in March 2025. The ⁠IMF sent a staff mission to Beirut earlier this month, said Reuters.

The talks have been focused on two big issues, she said, citing the need for banking sector restructuring and a medium-term fiscal ⁠strategy. "The economy has shown resilience ‌despite the impact ‌of conflicts in the region. It has had ‌a bit of a rebound ‌on the back of tourism from the strong diaspora," Kozack said.

"But at the same time, really restoring strong and sustainable growth will ‌require a comprehensive set of reforms to tackle some of the ⁠structural ⁠weaknesses that have really hampered Lebanon's economic performance for many years," she said. Reforms also are needed to attract international support to help Lebanon address its substantial reconstruction needs.

Kozack said Lebanon needs an updated medium-term fiscal framework that includes concrete measures to mobilize additional revenues for much-needed capital spending, as well as a sovereign debt restructuring to restore debt sustainability.