Saudi Arabia Calls for Easing Economic Difficulties Facing Int’l Travel

Future of Aviation Forum in Riyadh (Asharq Al-Awsat)
Future of Aviation Forum in Riyadh (Asharq Al-Awsat)
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Saudi Arabia Calls for Easing Economic Difficulties Facing Int’l Travel

Future of Aviation Forum in Riyadh (Asharq Al-Awsat)
Future of Aviation Forum in Riyadh (Asharq Al-Awsat)

Saudi Arabia plays a leadership role in ensuring the prosperity of the aviation sector in coming years, said Saudi Arabia's General Authority of Civil Aviation (GACA) President Abdulaziz al-Duailej.

Speaking at the Future Aviation Forum, Duailej reiterated the importance of joint efforts to face future crises and end economic difficulties facing international travel.

He said the only way to implement it was through permanent cooperation that can collectively enable the industry to respond to any future epidemic and its impacts on businesses.

He explained that the global economy had relied on itself in the international and local aviation industry, adding that before the pandemic, the sector had generated $1 trillion of economic activity.

Duailej said that cooperation should be established in coordinating reporting systems for all countries and forming the best digital communication systems to enable all aviation operators and governments to communicate effectively in real-time.

He also noted that it should include proper global administration and coordination systems that can enable flexibility when necessary and ensure the establishment of health compliance mechanisms.

"Aviation is the lifeline of the global economy, and it is crucial to safeguard it from future disruption. The Harmonizing Air Travel policy framework demonstrates the leadership role Saudi Arabia is taking to ensure that the sector thrives in the years to come," he said.

The proposed Harmonizing Air Travel policy was designed in cooperation with the UN's International Civil Aviation Organization (ICAO).

It aims to eradicate international travel confusion for passengers, carriers, and governments by creating a single, straightforward, up-to-date online resource setting out requirements for entry to all participating countries.

Saudi Arabia is very proud of the work that has been done in developing the travel policy framework, aiming to become the Middle East's pre-eminent aviation hub, Duailej had said.

The Saudi aviation strategy targets 250 direct destinations to and from the Kingdom's airports, inaugurated a new air carrier, and tripled air traffic.



French Finance Minister Says Budget Can Still Be Improved

 French Minister for the Economy, Finance and Industry Antoine Armand arrives for a dinner in honor of the President of Nigeria, at the Elysee palace in Paris, on November 28, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives for a dinner in honor of the President of Nigeria, at the Elysee palace in Paris, on November 28, 2024. (AFP)
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French Finance Minister Says Budget Can Still Be Improved

 French Minister for the Economy, Finance and Industry Antoine Armand arrives for a dinner in honor of the President of Nigeria, at the Elysee palace in Paris, on November 28, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives for a dinner in honor of the President of Nigeria, at the Elysee palace in Paris, on November 28, 2024. (AFP)

French Finance Minister Antoine Armand said on Saturday that the 2025 budget could still be improved, but stopped short of giving ground in a standoff with the far right over new concessions.

Ratings agency Standard & Poor's gave Prime Minister Michel Barnier's fragile minority government a rare reprieve late on Friday leaving its rating steady although France's budget deficit has spiraled out of control this year.

Any relief is likely to prove short-lived with both the left and far right threatening to bring Barnier's government down over the budget, which seeks to squeeze 60 billion euros ($64 billion) in savings through tax hikes and spending cuts.

Marine Le Pen's far right National Rally (RN), whose tacit support Barnier needs to survive a likely no confidence motion, has given him until Monday to accede to her demands to make further changes to the budget.

"This government, under his authority, is willing to listen, to have a dialog, to be respectful, to improve this budget," Armand told journalists.

Asked about the showdown with Le Pen, he said: "The only ultimatum really facing the French is that our country gets a budget."

On Thursday, Barnier already dropped plans to raise electricity taxes in the budget as the RN had demanded, but it is keeping pressure on the government to scrap plans to postpone an increase in some pensions to save money.

RN lawmaker Jean-Philippe Tanguy told Les Echos newspaper on Saturday if the bill is not modified the party would back a no-confidence motion.

The test could come as soon as Monday if his government has to use an aggressive constitutional measure to ram the social security financing legislation through parliament, which will trigger a no-confidence motion.