Final Day of InFlavour in Riyadh Celebrates Regional F&B Ecosystem

InFlavour ended its three-day run on Wednesday. (SPA)
InFlavour ended its three-day run on Wednesday. (SPA)
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Final Day of InFlavour in Riyadh Celebrates Regional F&B Ecosystem

InFlavour ended its three-day run on Wednesday. (SPA)
InFlavour ended its three-day run on Wednesday. (SPA)

InFlavour ended its three-day run at Riyadh Exhibition and Conference Center, Malham, on Wednesday with the region’s growing start-up industry at the top of the menu. Prominent figures from across the Middle East took to the inaugural event’s various stages to share personal growth stories, while the first Five-Star Pitch Fest – a three-day knock-out competition for F&B start-ups – confirmed its winners.

Speaking on the Main Course stage early in the afternoon, Jordanian chef Manal Al Alem discussed the importance of keeping tradition and culture alive. With more than four million followers on Instagram and in excess of 2.6 million subscribed to her YouTube channel, the “Queen of the Arabian Kitchen” believes social media can help rather than hinder when it comes to ensuring younger generations remain connected with their food heritage.

“It is an ongoing challenge with the new generation as they are so used to quick food – the press of a button nowadays means you can have any cuisine you wish,” she said. “Also, traditional food can sometimes be one-dimensional in terms of flavors and the new generation prefers multiple flavors when they eat a meal.

“I like to use my influence on social media to try and encourage my followers to try different things. I work with them to find ways of merging tradition with current trends and have seen some incredible recipes come out of social media. I always like to engage with my followers and leave comments on how they can improve their creations – I believe this is very important when trying to inject traditional culture into modern cuisine trends.”

Later on the same stage, the grand finale of InFlavour’s inaugural Five-Star Pitch Fest saw the industry’s brightest and best start-ups compete to win one of three coveted prizes: The “Plant The Idea Award” for best early-stage start-up included a US$10,000 prize; “Flourishing Founder Award” celebrated the best well-established start-up and also provided a prize of US$10,000; while the “InFlavour Award” was given to the most impressive startup overall, rewarding the winners with a check for US$30,000.

Starting on InFlavour’s opening day, 33 semi-finalists battled it out on stage to impress the 24 investors-turned-judges and secure one of six finalist spots. The grand finale welcomed Prince Khaled bin Alwaleed bin Talal Al Saud, the founder and CEO of KBW Ventures, alongside industry veterans Andrew D Ive, founder and managing general partner of Big Idea Ventures, and Dana Al Salem, founder of Merit Capital, as part of the judging panel, who scored the start-ups based on how each tackled creativity, innovation, potential, functionality, impact, and people and society.

Taking home the “Plant The Idea Award” for best early-stage start-up was Saudi-based Terraxy, a spin-off from King Abdullah University of Science and Technology (KAUST). Commercializing its SandX and CarboSoil technologies, Terraxy aims to address the ongoing challenges posed by harsh and arid environments by ultimately providing low-cost and environmentally friendly solutions for growing plants in deserts.

The “Flourishing Founder Award” for best well-established start-up, meanwhile, was Saudi-based Barakah, an online marketplace that enables food retailers to sell their surplus products and meals to consumers at heavily discounted prices.

Taking home the “InFlavour Award” and its US$30,000 prize was US-based A Dozen Cousins, a natural food brand that makes convenient and nutrient-rich meals, side dishes, and sauces inspired by traditional Creole, Caribbean and Latin American recipes.

“I was thrilled to showcase our brand and what we’ve built over the years,” said Ibraheem Basir, company founder and CEO. “It was so refreshing to hear all the pitches and it’s always a privilege to emerge as the winner. Looking ahead, our future involves continued growth, expanding distribution, and entering new markets. The prize money will help us expand our team and allocate resources efficiently.”

Speaking on the experience of judging some of the most innovative start-ups in the F&B ecosystem, Prince Khaled added: “It has been an incredible three days of pitches. We’ve seen some truly groundbreaking innovations and products from around the world. It is really exciting to see how these start-ups plan to transform not only the wider world’s F&B landscape, but also specifically Saudi Arabia’s. Congratulations once again to all participants and especially the three winners.”

Earlier in the day, Alia AlKasimi, the co-founder of Oh Delices Creative, had delivered a masterclass focused on current trends, spotlighting a cookbook her company created using only generative artificial intelligence (AI), and what potential repercussions the technology could have on the food marketing industry.

“After seeing so much talk about the possibilities of AI, my team and I got together in February of this year to explore how we could use these tools in our work, and in particular, the culinary space,” she said.

“We set out to make a cookbook solely using both text and image-based generative AI. As we are a Morocco-based company, we asked the program to come up with dishes that have never been done before, but still encompass the tradition of Moroccan food. What came out was nothing short of amazing,” she added.

Some of the dishes that made the final cut of Spice & Machine: 10 Moroccan Recipes Born From Artificial Intelligence include a strawberry harissa gazpacho, orange honey quinoa, and a Moroccan mint tea cake. Yet before they could be included, first Al Kasimi and her team needed to generate supporting images – and then, of course, the best part: Testing the recipes for real.

“I’ll be honest, we were all expecting the dishes to taste horrible, but we ended up changing next to nothing as every dish worked perfectly,” she said. “It was a real eye-opener for us all just how powerful AI can be if you learn to harness it properly. A project like this would usually take seven people up to four weeks to create – we did this with two people in less than a week. Is AI going to replace humans? It’s a broad question, but what I do know is humans who have learnt to properly utilize AI will replace humans who haven’t. That much is certain.”

Organized by Tahaluf, the Informa LLC joint venture with the Events Investment Fund and SAFCSP, and with the support of the Saudi Ministry of Environment, Water and Agriculture, the inaugural InFlavour proved a hive of activity with tens of thousands of visitors being joined by 400 brands, 200 investors, and 200 speakers representing 143 countries across the three days.



Saudi Arabia’s flynas, Syrian Civil Aviation Authority Partner to Launch 'flynas Syria'

The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)
The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)
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Saudi Arabia’s flynas, Syrian Civil Aviation Authority Partner to Launch 'flynas Syria'

The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)
The new airline will operate commercial air transport services in accordance with approved regulations and standards (flynas)

Saudi budget carrier flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name "flynas Syria," with operations scheduled to begin in the fourth quarter of 2026.

Saturday’s agreement comes within the framework of bilateral cooperation between Saudi Arabia and Syria, as well as the strategic investment agreements between the two countries, coordinated with the Saudi Ministry of Investment and the Syrian General Authority of Civil Aviation and Air Transport.

The new airline will operate commercial air transport services in accordance with approved regulations and standards, meeting the highest safety and aviation security requirements. All licensing and operational procedures will be completed in coordination with the relevant authorities.

The carrier will be established as a joint venture, with 51% ownership held by the Syrian General Authority of Civil Aviation and Air Transport and 49% by flynas.

The new airline will operate flights to several destinations across the Middle East, Africa, and Europe. This expansion aims to bolster air traffic to and from Syria, enhance regional and international connectivity, and meet growing demand for air travel.

"This step is part of our commitment to supporting high-quality cross-border investments. The aviation sector is a key enabler of economic development, and the establishment of 'flynas Syria' serves as a model for constructive investment cooperation,” said Saudi Minister of Investment Khalid Al-Falih.

“This partnership enhances economic integration and market connectivity and supports development goals by advancing air transport infrastructure, ultimately serving the mutual interests of both nations and promoting regional economic stability,” he added.

President of the Syrian General Authority of Civil Aviation and Air Transport Omar Hosari also stated that the establishment of flynas Syria represents a strategic step within a comprehensive national vision aimed at rebuilding and developing Syria's civil aviation sector on modern economic and regulatory foundations.

“This will be achieved while balancing safety requirements, operational sustainability, investment stimulation, and passenger services. The partnership reflects the state's orientation toward smart cooperation models with trusted regional partners, ensuring the transfer of expertise, the development of national capabilities, and the enhancement of Syria's air connectivity with regional and international destinations, in line with global best practices in the air transport industry."

flynas Chairman Ayed Al-Jeaid stated that the company continues to pursue strategies aimed at growth and international expansion, describing the agreement as a historic milestone in the company's journey and a promising investment model in partnership with Syria.

flynas CEO Bander Al-mohanna said the step represents a qualitative leap in the company's strategy and financial performance, highlighting the transfer of the company's low-cost aviation experience to the Syrian market to support regional and international air connectivity.

flynas currently operates 23 weekly flights from Riyadh, Jeddah, and Dammam to Damascus, including two daily direct flights from Riyadh, one daily flight from Jeddah, and two weekly flights from Dammam.

The airline made history on June 5, 2025, by adding the Syrian capital to its network, becoming the first Saudi carrier to resume scheduled flights to Damascus.


Egypt to Establish Middle East’s 1st Sodium Cyanide Plant for Gold Extraction

CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed el-Gawsaky, received a delegation from DrasChem Specialty Chemicals (Egyptian Cabinet)
CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed el-Gawsaky, received a delegation from DrasChem Specialty Chemicals (Egyptian Cabinet)
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Egypt to Establish Middle East’s 1st Sodium Cyanide Plant for Gold Extraction

CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed el-Gawsaky, received a delegation from DrasChem Specialty Chemicals (Egyptian Cabinet)
CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed el-Gawsaky, received a delegation from DrasChem Specialty Chemicals (Egyptian Cabinet)

The Egyptian government has announced the establishment of the first sodium cyanide production plant in the Middle East in Alexandria Governorate on the Mediterranean coast, with an annual production capacity of 50,000 tons and investments of $200 million in the first phase.

In a statement, the cabinet said on Saturday that CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed el-Gawsaky met with a delegation from DrasChem Specialty Chemicals, a Private Free Zone company, to discuss the steps required to establish the company’s sodium cyanide production facility at the Sidi Kerir Petrochemicals Complex in Alexandria.

The DrasChem project plans to begin production in 2028 following the completion of the facility’s first phase, with initial investments estimated at $200 million. This phase targets the production and export of 50,000 tons of sodium cyanide annually, a key input in gold extraction.

The second phase will focus on either doubling production capacity or manufacturing additional sodium cyanide derivatives, while a third phase will target the production of sodium-ion battery components.

El-Gawsaky said the project aligns with the country’s developmental priorities, particularly those related to increasing exports, transferring and localizing advanced technology, deepening local manufacturing and creating sustainable job opportunities.

The CEO also noted that the plant would benefit from the results of Egypt's economic reform program, which has caused significant improvements in investment, trade, and logistics indicators.

El-Gawsaky urged Egyptian companies, including DrasChem, to adopt integrated, export-oriented industrial strategies, with a particular focus on African markets.

He said the Ministry of Investment and Foreign Trade aims to increase exports by $4 billion. The focus will be on sectors with high competitive advantages, particularly the chemicals sector.

He also highlighted that DrasChem’s sodium cyanide products are of strategic importance to gold mines in Africa, which account for about a quarter of global gold production.

Bassem El-Shemmy, Vice President for Strategic Partnerships at Austria-based Petrochemical Holding GmbH, the largest shareholder in DrasChem, said project partner Draslovka of the Czech Republic will, for the first time, transfer its proprietary technology - developed at its facilities in the US - to Africa and the Middle East.

This move, he said, will help position Egypt as a regional hub for gold extraction technologies and sodium-ion battery manufacturing, a more sustainable and cost-effective alternative to lithium-ion batteries.

For his part, Andrey Yurkevich, Deputy Managing Director for Strategy and Business Development at Petrochemical Holding GmbH, said the DrasChem facility will create up to 500 direct jobs and generate approximately $120 million in annual foreign-currency revenues.

He said that the project will enhance the stability and sustainability of local supply chains and strengthen Egypt’s regional standing as home to the first sodium cyanide production facility in both Egypt and the Middle East.


Türkiye Says to Maintain Tight Monetary Policy, Fiscal Discipline

FILE PHOTO: People shop at a green market in Istanbul, Türkiye, October 22, 2025. REUTERS/Dilara Senkaya/File Photo
FILE PHOTO: People shop at a green market in Istanbul, Türkiye, October 22, 2025. REUTERS/Dilara Senkaya/File Photo
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Türkiye Says to Maintain Tight Monetary Policy, Fiscal Discipline

FILE PHOTO: People shop at a green market in Istanbul, Türkiye, October 22, 2025. REUTERS/Dilara Senkaya/File Photo
FILE PHOTO: People shop at a green market in Istanbul, Türkiye, October 22, 2025. REUTERS/Dilara Senkaya/File Photo

Türkiye will maintain its tight monetary policy and keep fiscal discipline in order to further lower inflation, Vice President Cevdet Yilmaz said on Saturday.

Turkish consumer price inflation leapt to a higher-than-expected 4.84% month-on-month in January, official data showed on Tuesday, driven in part by new year price adjustments and a jump in food and non-alcoholic drinks prices. Annual inflation dipped to 30.65%.

Speaking at an event in the southeastern province of Siirt, Yilmaz said ⁠the 45-point fall in inflation since May 2024 was not enough, adding the government was on a path to further lower consumer prices.

"We will maintain our tight monetary policy, we will keep our disciplined fiscal policies, we are determined to do this. But ⁠these are not enough either. On the other hand, we have to contribute to our battle with inflation through our supply-side policies," he added, according to Reuters.

Last month, Türkiye's central bank lowered its key interest rate by a less-than-expected 100 basis points to 37%, citing firming inflation, pricing behavior and expectations that threaten the disinflation process.

After a brief policy reversal early last year due to political turmoil, the bank's ⁠rate-cutting cycle resumed in July with a 300-basis-point cut, followed by more subsequent cuts.

The bank has eased by 1,300 points since 2024, when it held rates at 50% for most of the year to wrestle down inflation expectations.

Last month, the head of the Turkish Exporters Assembly told reporters late that Türkiye's extended period of tight economic policies had hurt manufacturers, with high interest rates and costs posing risks to the country's official $282 billion export target.