Saudi Commercial Activities Rebound after Lifting Int’l Flight Ban

Reopening Saudi airspace and lifting suspensions on travel during the summer boosts recovery in commercial activities (Asharq Al-Awsat)
Reopening Saudi airspace and lifting suspensions on travel during the summer boosts recovery in commercial activities (Asharq Al-Awsat)
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Saudi Commercial Activities Rebound after Lifting Int’l Flight Ban

Reopening Saudi airspace and lifting suspensions on travel during the summer boosts recovery in commercial activities (Asharq Al-Awsat)
Reopening Saudi airspace and lifting suspensions on travel during the summer boosts recovery in commercial activities (Asharq Al-Awsat)

The reopening of Saudi airspace to international flights has put commercial activities, especially sales in the travel and tourism sectors, back on the track of recovery, industry workers told Asharq Al-Awsat.

According to sector employee estimates, travel and tourism activities have seen a 60% improvement.

Last May, Saudi authorities gave the green light for citizens and residents to travel following a suspension due to the coronavirus pandemic. The decision, which coincided with the advent of summer, contributed to growth in sales of travel agencies and shopping stores.

After the Kingdom reopened its airspace, ticket sales rebounded by more than 60%, revealed Sultan Jamil, the branch director of the “Journey for Travel & Tourism” agency.

Jamil predicted further growth in sales and greater recovery as more countries ease coronavirus measures and as the world observes Eid al-Adha holiday next week.

The branch director adds that bookings for August have increased significantly, especially for flights bound to the US and European countries.

He explains that a previous drop in customers could be traced back to lockdowns in some destinations and an absence of clarity on some travel requirements. According to Jamil, today, the situation is different.

Jamil said that ticket prices saw a 15% hike, while hotel prices dropped by 10%.

Countries that topped tourist destinations sought by Saudi travelers for the current period are Ukraine, Georgia, and Dubai.

Ticket prices for Ukraine start at around SAR2,500 ($666), while for Georgia, they start from SAR2,000 ($533), revealed Jamil.

Similarly, clothing stores witnessed a remarkable rebound in sales.

Faisal Al-Dhamry, who works at the “New Jersey” sportswear store, said that the resumption of international flights drove sales up by more than 50%.



Trump Vows New Tariffs on Mexico, Canada and China

FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
TT

Trump Vows New Tariffs on Mexico, Canada and China

FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo

US President-elect Donald Trump vowed on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs.

He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.

In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country.

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on ALL products coming into the United States,” he wrote, according to AFP.

He said the new tariffs would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”

The President ignored the US, Mexico and Canada three-decade-old free trade agreement, now called the USMCA.

In another post, Trump said he would also be slapping China with a 10% tariff, “above any additional Tariffs,” in response to what he said was its failure to tackle fentanyl smuggling.

“No one will win a trade war,” Liu Pengyu, a spokesman for China's embassy in the United States, told AFP by email, defending Beijing's efforts to curb fentanyl smuggling.

“China believes that China-US economic and trade cooperation is mutually beneficial in nature,” Liu added.

Canada said it was “essential” to US energy supplies, and insisted the relationship benefits American workers.

“We will of course continue to discuss these issues with the incoming administration,” said the statement from Deputy Prime Minister Chrystia Freeland.

Tariffs are a key part of Trump's economic agenda, with the Republican vowing wide-ranging duties on allies and adversaries alike while he was on the campaign trail.

Many economists have warned that tariffs would hurt growth and push up inflation, since they are primarily paid by importers bringing the goods into the US, who often pass those costs on to consumers.

But those in Trump's inner circle have insisted that the tariffs are a useful bargaining chip for the US to push its trading partners to agree to more favorable terms, and to bring back manufacturing jobs from overseas.