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Arab News
15 hours ago
- Business
- Arab News
Saudi carrier flynas to expand operations across 4 hubs, official says
RIYADH: Saudi Arabia's low-cost carrier flynas is set to expand operations across its four main hubs — Riyadh, Jeddah, Madinah, and Dammam — as part of an ambitious growth plan, according to a top official. In an interview with Al-Eqtisadiah, Waleed Ahmed, the company's official spokesperson, said that flynas holds the largest aircraft order in the Kingdom and one of the biggest in the Middle East, with a total of 280 aircraft set to be received. This follows a major deal signed in July with Airbus to acquire 160 new aircraft — including 30 wide-body A330neo and 130 single-aisle jets across A320neo, A321neo, and A321LR models. The airline has seen a sharp rise in passenger traffic, with volumes climbing from around 11 million in 2023 to more than 14.7 million in 2024, reflecting the low-cost carrier's rapid expansion in line with Saudi Arabia's push to position itself as a leading global hub for tourism and business. 'These numbers reinforce the company's role in supporting Vision 2030, which aims to increase the number of passengers to 330 million and attract more than 150 million international passengers by that year.' Ahmed said, as quoted by Al-Eqtisadiah. He also highlighted that, as part of its ambitious strategic plan, flynas has expanded its summer schedule by launching four new destinations for the first time: Krakow in Poland, Geneva in Switzerland, Milan in Italy, and Rize in Turkiye, in addition to its usual summer routes. Last week, flynas finalized its initial public offering at SR80 ($21) per share — the top of its indicated price range — following strong demand from both institutional and retail investors. The pricing values the airline at an estimated market capitalization of SR13.6 billion at listing. The offering followed the company's announcement last month of its intention to float 30 percent of its share capital on the Saudi Exchange, making flynas the first airline in the Kingdom to go public and the first Gulf airline IPO in nearly two decades. In line with its ongoing fleet expansion, flynas recently took delivery of its fourth Airbus A320neo of 2025, bringing the total number of A320neo aircraft in its all-Airbus fleet to 57. The current fleet includes 63 aircraft — 57 A320neo, four A320ceo, and two A330neo wide-body jets.
Kuwait Times
4 days ago
- Business
- Kuwait Times
How people in Kuwait are offering Eid Al-Adha sacrifices in 2025
Ministry steps up inspections to prevent price manipulation in livestock markets KUWAIT: Eid Al-Adha sacrifices are taking many forms this year in Kuwait. Some residents spend on premium local breeds, others are opting for more affordable sheep, and many are choosing to send their offerings abroad, driven by the urge to support Muslims in need in crisis-hit regions. For many, the value of the act outweighs the cost of the animal. At one of the most popular livestock markets, Waleed Ahmed, a Pakistani expat, stood holding his receipt after purchasing Arabic Naeimi sheep, among the most expensive breeds available. 'It's not about the price,' he told Kuwait Times. 'This is a sacrifice. You choose the best you can afford because it's for Allah.' The Naeimi local breed, known for its rich flavor and tender meat, continues to be the top choice among many customers, especially Kuwaitis. 'The Arab Naeimi is between KD 170 to 180,' said Abdulaziz, a vendor at the market. 'It's always in demand. Kuwaitis prefer it because the meat is the best.' Waleed, though an expat, said he grew up with the love for its taste. 'The meat is rich and flavorful. I was born and raised in Kuwait, and this is the flavor I have always known.' Nearby, Jordanian customer Ehab Abu Obaid echoed the same sentiment. Vendors wait for customers at the livestock market. Sheep and goats are seen at the market. Sheep and goats are seen at the market. A man inspects sheep before buying it. Online sacrifice 'I only eat Arab meat,' he said firmly while negotiating with a vendor. 'It's what I was raised on. The seller won't budge below KD 170, but I'm buying it anyway.' Still, he acknowledged a shift in how many are giving: 'I know people who no longer sacrifice here because they just can't afford it. They donate online instead, especially to places like Gaza, where they feel the meat is more urgently needed.' Hashem is one of them. 'This year, I donated through Zakat House to Somalia. It cost me KD 40,' he said. 'They're facing famine, that's real need. In Kuwait, it's harder to find families who genuinely cannot afford meat.' Egyptian resident Saeed offered a similar perspective. 'I do the sacrifice in Egypt, where families are truly in need. In Kuwait, most people are better off and already have support,' he said. Indian resident Shakir has found a middle ground, sacrificing in India where prices are lower, while also doing one locally, as it's important for him to keep the tradition alive here too around his family. At your doorstep Adding to the range of options this year, a new service has emerged, some delivery apps are now offering home-delivery of sacrificial animals. Customers can order, pay, and receive their sheep right at their doorstep, adding a layer of convenience. At the market, Abdulaziz listed the price ranges for other lambs' options. 'If you want something cheaper, you go for the Somali at KD 60, or the Australian around KD 70 to 75,' he said. 'The Iranian or Shifali types are mid-range, around KD 115 to 120.' Due the wide price differences, he highlighted, 'Whoever wants something will find it for the price they're looking for. It just depends on the type and weight.' Vendor Abu Mustafa said prices typically peak in the days leading up to Eid, but drop slightly by the second day. Jordanian shopper Abo Ebeed was trying to beat the rush. 'I came early before the best sheep run out,' he said. Abu Mustafa noted a clear divide in preferences: 'Arab sheep are mostly bought by Kuwaitis, while Somali and Australian ones are more popular among expats.' For the Australian, he noted it is only sold by the AlMawashi slaughterhouse and through an early booking system. Inflated prices A source who preferred to stay anonymous, revealed to Kuwait Times rising buyers' frustration, noting that some sellers inflate prices or pass off lower-quality sheep as premium breeds. He stressed the importance of buyers educating themselves about the different livestock types, their distinguishing features, and fair pricing before making a purchase. In response to such concerns, the Ministry of Commerce and Industry announced on Tuesday that it has intensified inspection campaigns in livestock markets ahead of Eid Al-Adha. According to Faisal Al-Ansari, Director of the Commercial Control Department, inspection teams are conducting daily tours to monitor market activity, ensure price stability, and confirm that enough sacrificial livestock (Adahi) are available to meet demand. These campaigns are coordinated in advance with sheep importers to secure sufficient quantities and prevent price hikes, Al-Ansari told Kuwait News Agency (KUNA). He emphasized that the ministry is closely monitoring complaints, urging the public to report any violations. Their goal is to protect consumers, ensure transparency, and support both citizens and residents during the Eid season, he added.
