IATA: Safety Measures Revitalize Air Transport in Middle East

 A message by the public health campaign for passengers arriving on international flights at Heathrow airport on Wednesday, July 29, 2020 (Reuters)
A message by the public health campaign for passengers arriving on international flights at Heathrow airport on Wednesday, July 29, 2020 (Reuters)
TT

IATA: Safety Measures Revitalize Air Transport in Middle East

 A message by the public health campaign for passengers arriving on international flights at Heathrow airport on Wednesday, July 29, 2020 (Reuters)
A message by the public health campaign for passengers arriving on international flights at Heathrow airport on Wednesday, July 29, 2020 (Reuters)

The International Air Transport Association (IATA) has called on governments in the Middle East to harmonize biosafety measures for passengers across the region as aviation restarts.

A global framework for restarting aviation while protecting public health has been agreed by the International Civil Aviation Organization (ICAO) and published in the Take-off Guidance for Air Travel through the COVID-19 Public Health Crisis.

However, inconsistent application of these biosafety measures along with unnecessary border constraints are deterring passengers and suppressing the resumption of air travel in the Middle East.

“We are starting to see some governments in the Middle East open their borders to regional and international air travel,” said IATA’s Regional Vice President for Africa and the Middle East Muhammad al-Bakri.

“This is good news but those flying for the first time since the lifting of restrictions face an array of different types of biosafety measures and procedures that are causing confusion among passengers and delaying the recovery.”

IATA also highlighted the three main areas in which more harmonization is required. These are COVID-19 testing, quarantine and contact tracing and health data.

COVID-19 testing can play a role in the overall multi-layered approach to restarting aviation, it noted.

It is a preferred alternative to quarantine measures, which essentially keep a country in isolation and its tourism economy in lockdown.

However, for COVID-19 testing to be a useful biosafety measure, several criteria need to be met. Testing should be accurate, fast, scalable, cost-effective and not add a barrier to travel.

It stressed the test shall be carried out prior to travel to keep people who test positive completely out of the travel system and the results should be transmitted to and recognized by the arrival state.

A number of countries in the Middle East have implemented testing, but in many cases these do not meet the criteria outline by IATA, Bakri said.

Additionally, the disparity of testing requirements among countries along with the difference in costs is causing confusion for passengers.

“In some cases, both a departure and arrival test are required, in some cases two, costing in excess of $150.”

“An effective COVID-19 test has the potential to be a useful risk mitigation measure,” he added.

“However, tests that neither meet the criteria of speed, scalability and reliability nor are offered at reasonable cost, as we are seeing in some countries in the region, have unintended consequences, causing more problems than they solve and will most likely limit the recovery in air travel demand.”

Although IATA urged governments to avoid quarantine measures when re-opening their economies, yet 28 countries in the Middle East have government-imposed quarantine measures in place.

Over 80 percent of passengers said they are unwilling to travel when quarantine is required, according to a questionnaire conducted earlier by IATA.

If this measure remains in place once borders are fully opened and international commercial flights have resumed, the impact is that countries remain in lockdown.

“Imposing quarantine measures on arriving passengers keeps countries in isolation and the travel and tourism sector in lockdown,” Bakri stressed.

Fortunately, he added, there are policy alternatives that can reduce the risk of importing COVID-19 infections while still allowing for the resumption of travel and tourism that are vital to jumpstarting national economies.



Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
TT

Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
TT

Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.


Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
TT

Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spot gold rose 1.2% to $5,018.56 per ounce by 9:30 a.m. ET (1430 GMT), extending a 4% rally from Friday.

US gold futures for April delivery also gained 1.3% to $5,042.20 per ounce.

The US dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers.

"The big mover today (in gold prices) is the US dollar," said Bart Melek, global head of commodity strategy at TD Securities, adding that expectations are growing for weak economic data, particularly on the labor front, Reuters reported.

Investors are closely watching this week's release of US nonfarm payrolls, consumer prices and initial jobless claims for fresh signals on monetary policy, with markets already pricing in at least two rate cuts of 25 basis points in 2026.

US nonfarm payrolls are expected to have risen by 70,000 in January, according to a Reuters poll.

Lower interest rates tend to support gold by reducing the opportunity cost of holding the non-yielding asset.

Meanwhile, China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.

"The debasement trade continues, with ongoing geopolitical risks driving people into gold," Melek said, adding that China's purchases have had a psychological impact on the market.

Spot silver climbed 2.9% to $80.22 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Spot platinum was down 0.2% at $2,092.95 per ounce, while palladium was steady at $1,707.25.

"A slowdown in EV sales hasn't really materialized despite all the policy softening, so I do see that platinum and palladium will possibly slow down," after a bullish run in 2025, WisdomTree commodities strategist Nitesh Shah said.