Saudi Arabia's Multi-Faceted Growth: Flynas Expands, Financial Markets Shift, and Strategic Collaborations Flourish
Flynas expands routes to Uganda and Djibouti as Saudi Arabia pursues its aviation strategy, while Saudi Awwal Bank earns ISO certification, signifying quality commitment.
In exciting news for travelers, flynas has announced that it will expand its international network in January 2025 with new routes to Entebbe, Uganda, and Djibouti, aligning with Saudi Arabia's ambitious aviation strategy, which aims to connect to 250 destinations by 2030.
Meanwhile, in the financial markets, Saudi Arabia's Tadawul All Share Index experienced a slight dip, while the parallel market Nomu surged, bolstered by positive corporate earnings reports such as Saudi Telecom Co.'s profit increase.
On the collaboration front, the Saudi Food and Drug Authority is strengthening its ties with biotechnology firms in Shenzhen, China, exploring opportunities for joint research and technology localization, reflecting a commitment to international partnerships.
At the Dushanbe Process Conference in Kuwait, Saudi Arabia called for global cooperation in the fight against terrorism, showcasing its extensive initiatives like the King Abdullah International Centre for Interreligious Dialogue and its role in international coalitions.
Despite reporting a budget deficit for Q3 2024, Saudi Arabia showed significant growth in non-oil revenues, and with economic growth expected at 4.4% for 2024, the Kingdom continues to focus on diversifying its economic landscape.
Lastly, in a landmark achievement, Saudi Awwal Bank became the first bank in the Kingdom to receive the ISO 9001:2015 certification, emphasizing its commitment to quality and aligning with the broader Vision 2030 objectives.
Meanwhile, in the financial markets, Saudi Arabia's Tadawul All Share Index experienced a slight dip, while the parallel market Nomu surged, bolstered by positive corporate earnings reports such as Saudi Telecom Co.'s profit increase.
On the collaboration front, the Saudi Food and Drug Authority is strengthening its ties with biotechnology firms in Shenzhen, China, exploring opportunities for joint research and technology localization, reflecting a commitment to international partnerships.
At the Dushanbe Process Conference in Kuwait, Saudi Arabia called for global cooperation in the fight against terrorism, showcasing its extensive initiatives like the King Abdullah International Centre for Interreligious Dialogue and its role in international coalitions.
Despite reporting a budget deficit for Q3 2024, Saudi Arabia showed significant growth in non-oil revenues, and with economic growth expected at 4.4% for 2024, the Kingdom continues to focus on diversifying its economic landscape.
Lastly, in a landmark achievement, Saudi Awwal Bank became the first bank in the Kingdom to receive the ISO 9001:2015 certification, emphasizing its commitment to quality and aligning with the broader Vision 2030 objectives.
