Riyadh Air Signs Global Distribution Deal with Spain’s Amadeus to Fuel Expansion Plans

A Riyadh Air aircraft. (Amadeus)
A Riyadh Air aircraft. (Amadeus)
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Riyadh Air Signs Global Distribution Deal with Spain’s Amadeus to Fuel Expansion Plans

A Riyadh Air aircraft. (Amadeus)
A Riyadh Air aircraft. (Amadeus)

Riyadh Air, Saudi Arabia’s new national carrier and a wholly owned subsidiary of the Public Investment Fund, has signed a global distribution agreement with Spain-based Amadeus, a leading travel technology provider.

The strategic move will give the airline access to one of the world’s largest networks of travel agents, bolstering its growth strategy and supporting the Kingdom’s transformation drive under Vision 2030.

According to an Amadeus statement issued Thursday, the partnership will enable Riyadh Air to join the Amadeus Travel Platform, connecting it with travel agents and distributors in over 190 countries.

The agreement is aimed at ensuring the airline’s offerings reach travelers worldwide, enhancing Saudi Arabia’s appeal as a global tourism destination and reinforcing its role as a central hub for aviation and travel.

Vincent Coste, Chief Commercial Officer of Riyadh Air, said the company’s mission is to build a world-class airline that embodies Saudi Arabia’s ambitions.

He added that the partnership with Amadeus provides the global reach, distribution strength, and retailing capabilities needed to achieve the airline’s goal of serving more than 100 destinations by 2030.

“This collaboration is not only about enabling seamless travel experiences,” Coste said, “but also about contributing to the broader national vision of diversifying the economy, growing tourism, and enhancing global connectivity.”

The agreement also covers the future distribution of Riyadh Air’s content through Amadeus’ New Distribution Capability (NDC) framework, giving the airline greater ability to offer dynamic, personalized deals to travelers while maintaining stronger control over indirect sales strategies. These advanced capabilities will help Riyadh Air deliver a modern, flexible, customer-focused retail experience.

Maher Koubaa, Executive Vice President for Travel and Managing Director for Europe, the Middle East, and Africa at Amadeus, described the deal as a milestone in the development of Saudi Arabia’s aviation sector.

He said the launch of Riyadh Air marks a significant moment for the Kingdom’s aviation industry, and that Amadeus brings not only global reach but also advanced retailing, marketing, and data analytics tools to help the airline compete internationally.

Founded in 2023 under the patronage of Prince Mohammed bin Salman, Crown Prince and Prime Minister, Riyadh Air is a key part of Saudi Arabia’s strategy to diversify its economy, invest in tourism and infrastructure, and position the Kingdom as a global aviation hub.

Backed by the Public Investment Fund, the carrier is expected to contribute more than $20 billion to Saudi Arabia’s non-oil GDP and create over 200,000 direct and indirect jobs in the domestic market.



Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
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Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)

Egypt has ordered shops, restaurants and shopping malls to close from 9:00 pm from Saturday, hoping to curb energy bills that have more than doubled because of the Iran war.

Prime Minister Mostafa Madbouly announced the curfew and said it would last for a month initially.

"Shops, shopping centers, restaurants and cafes will all close at 9:00 pm on weekdays," he said, adding that on Thursdays and Fridays at the weekend they will be allowed to stay open until 10:00 pm, Reuters reported.

The premier said that before the war, Egypt's monthly energy bill was $560 million. Today, for the same quantity, he said Egypt is paying $1.650 billion.

Madbouly said Cairo must work on the "worst-case scenario" in the face of a war whose outcome is unpredictable.

Tourism Minister Sherif Fathy said the new restrictions "will not affect tourists" or flagship destinations, a statement from his office said.

At the beginning of March, Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz, the crucial shipping route now virtually paralysed by the war.

Around a fifth of global crude oil and liquefied natural gas passes through the waterway in peacetime.

The rerouting of shipping away from the Suez Canal is also depriving Cairo of a vital source of foreign currency.


Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)
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Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)

The Turkish Central Bank's balance sheet for this week will show foreign exchange sales amounting to near $20 billion, bringing the total forex sales since the beginning of the Iran war to nearly $45 billion, bankers said, Reuters reported.

According to calculations made by four bankers, based on preliminary data for the first part of the week and their estimates for the rest of the week, the central bank's balance sheet will show $18-21 billion in foreign exchange sales.

Bankers said that although $8 billion of the total $20 billion was made before a public holiday last week, this figure will be reflected in the balance sheet on the first day of this week.

The central bank sold $26 billion in foreign exchange in the first three weeks of the war, using its gold reserves as well, resulting in a $35 billion decrease in its net reserves.


Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port
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Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the RSX service by Marsa Ocean Shipping to Jeddah Islamic Port, featuring a capacity of up to 372 TEUs and connecting Jeddah with the regional ports of Aden, Hodeidah, and Djibouti, SPA reported.

This expansion aligns with the National Transport and Logistics Strategy, aiming to enhance the Kingdom’s operational efficiency and its ranking in global performance indicators.

As a primary gateway, Jeddah Islamic Port utilizes its 62 multipurpose berths and specialized terminals to support a total capacity of 130 million tons, reinforcing Saudi Arabia’s position as a global logistics hub connecting three continents.