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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Flyadeal is the low-cost arm of Saudia, the flag carrier of Saudi Arabia.
Aviation industry veteran Sanjiv Kapoor has taken over as the chief executive officer of Flyadeal, the low-cost airline owned by Saudi Arabian Airlines, the country’s flag carrier.
In May, Kapoor had joined the Saudia group, as Saudi Arabian Airlines is commonly known, as advisor to Ibrahim Al-Omar, the director general of the group. He had moved from Jet Airways, where he was CEO-designate.
Kapoor, who also had stints at Vistara and SpiceJet, takes over at Flyadeal at a time when the country is investing billions of dollars into its economy as it looks to diversify beyond its mainstay sector, oil. …
2026 is on track to be the second-highest year ever for dealmaking in the MENA region.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
