Search Site

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

Flynas to take off for Belgrade

FOR REPRESENTATION PURPOSE ONLY.
  • The flights to the capital of Serbia will run each Monday, Wednesday and Friday, on a seasonal basis, effective from May till late September
  • Flynas intends to order 250 aircraft

Flynas, the low-cost airline of Saudi Arabia, is going to start three weekly flights between Riyadh and Belgrade in the upcoming summer as part of the airline’s plan to widen its international expansion.

The flights to the capital of Serbia will run each Monday, Wednesday and Friday, on a seasonal basis, effective from May till late September.

Last month, Serbia’s foreign minister held talks with the Kingdom’s non-residential ambassador to the country, on the potential of flights between the two states and relaxing visa requirements.

“The Middle East represents one of our most important markets. We are in constant communication with airlines from that region,” Belgrade Airport’s operator, VINCI, recently noted.

This comes as Flynas pursues its expansion plans and opening of new destinations on both domestic and international levels, CEO Bander Almohanna, said in an interview with Arab News last month.

Recently, Saudi’s first low fares airline announced new European destinations this summer, including Moscow, Prague, Mykonos and Santorini.

Additionally, the firm has doubled its growth plans and plans to be the largest low-cost carrier in the Middle East, according to a statement from the company.

Flynas intends to order 250 aircraft. It currently operates Airbus SE A320-family aircraft and has a present order for up to 120 of the single-aisle jets.