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UAE's Flydubai Adds AlUla to its Network in Saudi Arabia

Flydubai to kick off flights to AlUla in Saudi Arabia - WAM
Flydubai to kick off flights to AlUla in Saudi Arabia - WAM
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UAE's Flydubai Adds AlUla to its Network in Saudi Arabia

Flydubai to kick off flights to AlUla in Saudi Arabia - WAM
Flydubai to kick off flights to AlUla in Saudi Arabia - WAM

Flydubai, the Dubai-based airline, announced the start of flights to AlUla in Saudi Arabia, becoming the first UAE carrier to operate this route from Dubai.

The carrier will also resume its operations to Yanbu growing its network in the Kingdom to six points including Dammam, Jeddah, Madinah and Riyadh, state news agency WAM reported.

Flights to Yanbu International Airport (YNB) start on 24th February with a three times weekly service, on Tuesdays, Thursdays and Sundays.

Chief Commercial Officer Hamad Obaidalla at Flydubai said: "We are pleased to be able to offer passengers from the UAE and our network the opportunity to visit and explore one of the world’s most beautiful and untouched destinations."

"We are also looking forward to the resumption of our operations to Yanbu in the Al Madinah Province. Flydubai is dedicated to further strengthening the cultural, trade and tourism ties between our two countries by making travel more accessible. I would also like to take this opportunity to thank the authorities for their ongoing support."

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Gold Prices Climb on Safe-Haven Demand; US Payrolls Data in Focus

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 Prices Climb on Safe-Haven Demand; US Payrolls Data in Focus

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 climbed on Friday, supported by safe-haven demand arising from the Middle East conflict, while spotlight shifted towards US payrolls report to gauge the trajectory of the Federal Reserve's policy path.
Spot gold was up 0.3% at $2,662.50 per ounce, as of 0325 GMT, after climbing to an all-time high of $2,685.42 on Sept. 26. Bullion has gained 0.2 for the week.
US gold futures edged 0.1% higher to $2,682.10.
The dollar eased 0.1%, pulling back from over a one-month high, making greenback-priced bullion less expensive for other currency holders, reported Reuters.
Geopolitical tensions, particularly concerning Israel and Iran, are supporting gold prices and unless these risks subside, prices are likely to remain near record levels, said Ajay Kedia, director at Kedia Commodities, Mumbai.
The US is discussing strikes on Iran's oil facilities as retaliation for Tehran's missile attack on Israel, President Joe Biden said, while Israel's military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah.
Bullion is considered a safe investment during times of political and financial uncertainty, and thrives in a low-rate environment.
The US nonfarm payroll data is due at 1230 GMT. New York Fed President John Williams and Chicago Fed President Austan are also scheduled to speak later in the day.
If the NFP report comes in strong, it will be positive for the dollar and then gold prices will see some profit-booking, Kedia added.
Traders see a 69% chance of a 25-basis-point Fed rate cut in November, according to CME FedWatch Tool.
BMI said in a note it expects gold prices to trade within the range of $2,500 to $2,800 in the coming months.
Spot silver rose 0.4% to $32.17 per ounce and has gained about 1.8% so far this week.
Platinum climbed 1.1% to $1,001.79 and palladium advanced 1.4% to $1,013.46.