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Emirates’ success is good news for Dubai
Even as Flanagan was detailing some of Emirates’ expansion plans, Saudi Arabian budget carrier Sama Airlines discontinued its operations because of heavy losses. It is an indication of the strength of the business, its management and its workforce that the airline is able to thrive in difficult times for its industry.
Sama airlines in efforts to resume operations
Private Saudi airline Sama, which suspended all operations from August 24, will not sell its assets and is making attempts to re-enter the market, a high-level source at the Saudi General Civil Aviation Authority (GACA) said on Wednesday.
Kingdom Hotel Investments sells stake in Four Seasons Cairo
Kingdom Hotel Investments, a subsidiary of Saudi Arabian conglomerate Kingdom Holding Company, said Wednesday it has sold its 43.7 per cent stake in the Four Seasons Hotel in Cairo to Arab Company for Hotel and Tourism Investments for $145 million (Dh532 million).
