Saudi Arabia Expands Global Aviation Network with 17 New Agreements at ICAO Assembly

The ICAO Executive Council has renewed the Kingdom of Saudi Arabia’s membership for the 2026–2028 term - SPA
The ICAO Executive Council has renewed the Kingdom of Saudi Arabia’s membership for the 2026–2028 term - SPA
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Saudi Arabia Expands Global Aviation Network with 17 New Agreements at ICAO Assembly

The ICAO Executive Council has renewed the Kingdom of Saudi Arabia’s membership for the 2026–2028 term - SPA
The ICAO Executive Council has renewed the Kingdom of Saudi Arabia’s membership for the 2026–2028 term - SPA

The Kingdom of Saudi Arabia, represented by the General Authority of Civil Aviation (GACA), concluded its participation in the 42nd General Assembly of the UN International Civil Aviation Organization (ICAO), held in Montreal, Canada, from September 23 to October 3.

The delegation’s participation resulted in the signing of 17 air transport agreements and memoranda of understanding and held 40 bilateral meetings to boost international cooperation in aviation.

These efforts underline the Kingdom’s commitment to expanding its global presence in air transport, establishing regulatory frameworks for air traffic, enhancing aviation safety and security standards, and broadening travel options for passengers, SPA reported.

Additionally, the Kingdom submitted 31 working papers covering a wide range of topics aligned with its leading role in civil aviation and air transport facilitation at both regional and international levels.

These papers addressed aviation safety and security, airport infrastructure development, passenger transport facilitation, sustainability initiatives, environmental stewardship, carbon emissions reduction, and investment in biofuels and clean technologies, all in line with Saudi Vision 2030, which aims to position the Kingdom as a global logistics hub.

The ICAO Executive Council has renewed the Kingdom of Saudi Arabia’s membership for the 2026–2028 term. The Kingdom received 175 out of 184 votes, maintaining its uninterrupted membership since 1986.

Minister of Transport and Logistic Services Saleh Al-Jasser announced a $1 million donation from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to support the ICAO.

The contribution is dedicated to advancing the strategic objectives of the “No Country Left Behind” initiative during the 2025–2028 cycle, which aims to assist developing countries in implementing international standards and recommended practices to enhance civil aviation safety and security.

ICAO also honored Saudi Arabia, represented by Chairman of the Cooperative Aviation Security Program–Middle East (CASP-MID) Mohammed Alfozan, in recognition of his leadership and management of the program and his contributions to enhancing the aviation security capabilities of countries in the region.

The recognition reflects the Kingdom’s pioneering role in supporting ICAO programs and global initiatives to strengthen civil aviation security and its commitment to ensuring that “no country is left behind.”

Furthermore, Saudi Arabia hosted a reception attended by more than 450 participants from various countries, including representatives from the aviation sector, diplomats, and ICAO member states.

The event featured an exhibition showcasing participating entities, traditional handicrafts such as weaving and leatherwork, and performances of Saudi folk music and dance.

A documentary film was also screened, tracing the history and development of civil aviation in the Kingdom and its progress toward becoming a modern aviation powerhouse.



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.