Saudi Shura Council Calls for Metro Projects in Major Cities

The 31st regular session of the first year of the Shura Council’s ninth term (Asharq Al-Awsat)
The 31st regular session of the first year of the Shura Council’s ninth term (Asharq Al-Awsat)
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Saudi Shura Council Calls for Metro Projects in Major Cities

The 31st regular session of the first year of the Shura Council’s ninth term (Asharq Al-Awsat)
The 31st regular session of the first year of the Shura Council’s ninth term (Asharq Al-Awsat)

The Saudi Shura Council has called on the Public Transport Authority to coordinate with relevant agencies to study the establishment of metro systems in the Kingdom’s major cities and urban centers.

The recommendation came during the Council’s regular session, held on Tuesday and chaired by Deputy Speaker Dr. Mishaal bin Fahm Al-Sulami.

In a formal resolution, the Council urged the Public Transport Authority to expand and diversify the number of logistics training programs offered by the Saudi Logistics Academy to better meet sector needs. It also called for the Authority, in coordination with concerned entities, to review and improve the standards used to evaluate the quality of shuttle transport services for pilgrims to ensure efficiency.

The Council further emphasized the need to increase the passenger capacity across the Kingdom’s railway network and to raise train speeds to match those of the high-speed Haramain Railway.

Additionally, the Shura Council reviewed the annual report of Saudia, the national airline, for the previous fiscal year. Council member Dr. Reemah Al-Yahya highlighted the importance of improving passenger experience by streamlining services and swiftly addressing customer needs.

Council member Sarah Qassem called on Saudia to reassess its investments and subsidiaries, proposing a clear action plan to determine the future of these entities -whether through privatization, conversion to public shareholding companies, or closure - in order to achieve the necessary financial sustainability.

The Council also discussed the annual report of the Ministry of Communications and Information Technology. Dr. Taqwa Omar advocated for expanding the base of major telecom companies by enacting incentives and legislative policies that attract new investments and support the growth of startups into major national telecommunications firms.

Meanwhile, Dr. Aisha Arishi urged the Ministry to implement projects and stimulus packages aimed at improving broadband quality in border areas, ensuring faster network access and higher internet speeds in those regions.

In another matter, the Council examined the annual report of the Local Content and Government Procurement Authority. Dr. Hassan Al-Masloum called for improved mechanisms to assess local content in the pharmaceutical industry and recommended setting minimum requirements for technology, training, and raw materials within the local content framework.



IMF Says it's Updating Assessment of US Economy to Reflect Impact of Iran War

An American Flag on the US Capitol Building is seen in Washington, US, August 31, 2023. REUTERS/Kevin Wurm/File Photo
An American Flag on the US Capitol Building is seen in Washington, US, August 31, 2023. REUTERS/Kevin Wurm/File Photo
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IMF Says it's Updating Assessment of US Economy to Reflect Impact of Iran War

An American Flag on the US Capitol Building is seen in Washington, US, August 31, 2023. REUTERS/Kevin Wurm/File Photo
An American Flag on the US Capitol Building is seen in Washington, US, August 31, 2023. REUTERS/Kevin Wurm/File Photo

The International Monetary Fund on Thursday said it is updating a recently completed review of the US economy to reflect the impact of the Iran war, Reuters reported.

IMF spokeswoman Julie Kozack said the updated assessment would be considered by the IMF's board in coming weeks and then published.


Czech Central Bank Keeping Options open as Iran War Clouds Rate Prospects

People leave the Czech National Bank building in central Prague December 9, 2011. REUTERS/Petr Josek/File Photo
People leave the Czech National Bank building in central Prague December 9, 2011. REUTERS/Petr Josek/File Photo
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Czech Central Bank Keeping Options open as Iran War Clouds Rate Prospects

People leave the Czech National Bank building in central Prague December 9, 2011. REUTERS/Petr Josek/File Photo
People leave the Czech National Bank building in central Prague December 9, 2011. REUTERS/Petr Josek/File Photo

The Czech National Bank (CNB) held interest rates steady as expected on Thursday and said it was keeping options open as it monitors the economic fallout from the conflict in the Middle East.

Since the United States and Israel launched strikes on Iran on February 28, oil prices have jumped above $100 a barrel, raising global risks of higher inflation and an economic hit.

Czech central bank policymakers voted unanimously to keep the main rate steady at 3.50% on Thursday, in line with forecasts from all 17 analysts in a Reuters poll last week.

The poll's median forecast saw interest rates remaining on hold for the rest of the year, although money markets have priced in chances of a hike. Governor Ales Michl said after the decision that the conditions for fighting inflation are now better than during the previous energy and inflation shock following Russia's invasion of Ukraine in 2022, as policy is now tighter and rates are higher than inflation.

He added that inflation expectations remain anchored, and it was important to keep them low.

"We are acting restrictively in the economy," he said. "On the other hand, we are monitoring the situation, we are keeping all options open."

The Czech crown was a touch weaker after the bank's decision but largely steady on the day, at 24.49 to the euro, and around its lowest levels since September after this month's declines.

INFLATION STILL SEEN STAYING LOW

The central bank had discussed a possible rate cut at its last meeting in February, before the Iran war. It last cut rates in May 2025 as part of a 350-basis-point easing cycle.

Inflation in the Czech Republic has fallen below the bank's 2% target, hitting a headline rate of 1.4% year-on-year in February with help from a government measure to ease energy bills. That provides a cushion to potential shock from higher oil prices, and Michl said inflation should stay below 2% this year, according to updated forecasts partly incorporating higher oil prices, even though core inflation should remain elevated in the quarters ahead.

The central bank will be looking at the secondary impacts of a higher oil price to see if it soaks through to other segments.


King Khalid International Airport Wins World’s Most Improved Airport at Skytrax Awards 2026

The recognition was announced during the Skytrax World Airport Awards ceremony, London - SPA
The recognition was announced during the Skytrax World Airport Awards ceremony, London - SPA
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King Khalid International Airport Wins World’s Most Improved Airport at Skytrax Awards 2026

The recognition was announced during the Skytrax World Airport Awards ceremony, London - SPA
The recognition was announced during the Skytrax World Airport Awards ceremony, London - SPA

King Khalid International Airport, managed and operated by Riyadh Airports Company, has achieved global recognition after being named “World’s Most Improved Airport” among more than 560 airports worldwide in 2026. It also received the award for Best Airport in the 30–40 million passengers category, ranked 14th on the list of the world’s best airports, and placed second for Best Airport Staff in the Middle East.

The recognition was announced during the Skytrax World Airport Awards ceremony, held in London on March 18, as part of the Passenger Terminal Expo “PTE World 2026,” with the participation of leading aviation industry figures and experts from around the world, SPA reported.

The achievement reflects the significant progress the airport has made across various areas, driven by a series of development initiatives that have enhanced the passenger experience and elevated service quality in line with the highest international standards, resulting in a qualitative leap in operational efficiency and performance.

This milestone underscores the Kingdom’s accelerating transformation across multiple sectors, including aviation, which continues to grow in line with the objectives of Saudi Vision 2030, aimed at positioning the Kingdom as a global logistics hub and a key center for domestic and international travel.

CEO of Riyadh Airports Company Ayman AboAbah said the achievements reflect the company’s firm commitment to advancing operational services and airport infrastructure.

Meanwhile, Skytrax CEO Edward Plaisted said the recognition reflects the scale of development achieved at King Khalid International Airport, noting that travelers are experiencing clear improvements across all stages of their journey.

He added that the airport’s rise to 14th place in the list of the world’s top 100 airports underscores the strength and impact of these developments, the efficiency of the upgrade plans, and their success in enhancing passenger experience, reinforcing its position as a key regional travel hub, and embodying the scale of its exceptional transformation.