Riyadh Air Unveils Its Second Dual-Livery Design at Dubai Airshow 

Riyadh Air unveiled the second of its permanent dual-livery designs at the Dubai Airshow 2023. (SPA)
Riyadh Air unveiled the second of its permanent dual-livery designs at the Dubai Airshow 2023. (SPA)
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Riyadh Air Unveils Its Second Dual-Livery Design at Dubai Airshow 

Riyadh Air unveiled the second of its permanent dual-livery designs at the Dubai Airshow 2023. (SPA)
Riyadh Air unveiled the second of its permanent dual-livery designs at the Dubai Airshow 2023. (SPA)

Riyadh Air, Saudi Arabia’s new airline wholly owned by the Public Investment Fund (PIF), set to be operational in 2025, unveiled the second of its permanent dual-livery designs at the Dubai Airshow 2023, said a statement from the airline on Monday.

The latest livery continues Riyadh Air’s indigo theme with striking lines, inspired by the twisting canopies of traditional Bedouin tents and curves of Arabic calligraphy.

"The bold new look features a sweeping cockpit window design, with the indigo signature theme contrasted beautifully against a light unique iridescent fuselage, reflecting purity and the future-focused vision of Saudi Arabia," said the statement.

In June this year, Riyadh Air unveiled its first livery at the Paris Airshow, having previously received its IATA Airline Designator Code (RX), and having signed a major deal for 90 GEnx engines to power its fleet, following an order of up to 72 Boeing 787-9 Dreamliners, made in March.

According to the release, the second livery will see Riyadh Air aircraft adorned in a lavender and indigo paint, featuring a feather-like design near the rear of the fuselage, with "Riyadh Air" written in English and Arabic and the airline’s trademark logo on the tail, engines and underbelly of the aircraft.

The second livery reflects Saudi Arabia’s forward-thinking ambitions; "using iridescent color to add a modern twist" to the design and the intricate bold text makes Riyadh Air recognizable, whether on the ground or in the skies, said the release.

Riyadh Air is set to fly to more than 100 destinations, and "will contribute to Saudi Arabia’s non-oil GDP growth by $20 billion, directly and indirectly creating over 200,000 new jobs globally and locally", added the statement.

Riyadh Air CEO Tony Douglas said: "As the largest start-up in commercial aviation in decades, we are delighted to unveil to the world Riyadh Air’s second livery, which will be unmistakable when it takes to the skies in 2025, as we become one of the first international carriers to have permanent dual-liveries on an active fleet."

"Following our initial launch in March, we have had exceptional progress hitting a number of major milestones for the brand through an obsessive eye for detail, digital-native mindset and commitment to embracing the industry’s sustainability best practices. We revealed our first livery to global acclaim, announced fleet orders for our wide-body aircraft and signed several ground-breaking new partnerships. This iconic second livery is the latest milestone for Riyadh Air as we shape and disrupt the future of air travel and aviation, with many more things to come," he continued.

Alongside the unveiling of the latest livery design, Riyadh Air will be hosting guests, partners, stakeholders and VIPs at its pavilion at Dubai Airshow. The digital-first experience will showcase more about Riyadh Air’s ambitions and future plans "as it ushers in a new era for the travel and aviation industry, unlocking Saudi Arabia’s cultural and natural attractions and positioning the Kingdom as a world-class logistics and travel hub."

Other highlights at Riyadh Air’s Dubai Airshow include the signing of a memorandum of understanding in a first partnership between luxury EV manufacturer Lucid Group and Riyadh Air that is "aligned to a shared vision for the future of sustainable transportation exploring the collaboration across co-marketing, commercial and operational streams for targeted guests and travelers."

At the Riyadh Air pavilion, two Lucid Air cars are wrapped in the Riyadh Air livery while three mobilized Lucid Air cars will transport visitors to and from the Dubai Airshow. Lucid Air is the longest range, fastest charging and most powerful luxury electric car in the world.

The Dubai Airshow 2023 is taking place from November 13 to 17 at Dubai’s Al Maktoum International Airport (DWC). It features over 1,400 exhibitors from 48 countries, along with over 180 of the world’s most advanced commercial, private and military aircraft on display.



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)
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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
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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
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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.