flyadeal launches seasonal flights for summer to Baku, Tblisi, Sarajevo, Sharm El Sheikh and Trabzon
flyadeal has launched its summer seasonal flying programme with the return of popular destinations in Egypt, Turkey, Azerbaijan, Georgia, and Bosnia and Herzegovina. The fast-growing Saudi low-cost airline welcomes back the Egyptian holiday resort of Sharm El Sheikh; the Turkish hot spot of Trabzon; Baku and Tbilisi, the capital cities of Azerbaijan and Georgia respectively; and the cultural city of Sarajevo in Bosnia and Herzogovina, to its summer network. Saudi Arabia's youngest and region's fastest growing low-cost airline is operating a total of 10 routes across the five summer destinations from bases in Riyadh and Jeddah over a 10-week period during the holiday season. With cooler climes than the intense summer heat of the Kingdom, the seasonal additions provide a great retreat for families and independent travellers during the busy two months ahead.
Steven Greenway, flyadeal Chief Executive Officer, said: 'With the summer holiday rush getting into full swing, we are delighted to reintroduce our popular seasonal services for a third consecutive summer flying programme. We look forward to welcoming back our seasoned travellers and first-time passengers to these exciting destinations for a short break or longer holiday.'
The seasonal capacity comes on top of flyadeal's recently-introduced year-round scheduled services from the Kingdom to Alexandria and Assiut in Egypt; and Istanbul's second airport of Sabiha Gökçen.
flyadeal has been catapulted into the region's fastest growing airline with a current fleet of 39 Airbus A320 family aircraft serving over 30 seasonal and year-round destinations in Saudi Arabia, Middle East, Europe, North Africa and South Asia. The airline is set to more than triple in size in fleet and destinations served by 2030.
Tickets are bookable via flyadeal's Mobile App, website www.flyadeal.com and through travel agents.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
37 minutes ago
- Arabian Post
GCC IPO Market Sees Largest-Yet First Half, Despite Dip in Proceeds
Arabian Post Staff -Dubai GCC countries secured $3.4 bn from 24 initial public offerings in the first half of 2025, down 6% from $3.6 bn over 23 listings a year earlier, according to a report by Kuwaiti research firm Markaz. Saudi Arabia drove the surge, contributing $2.8 bn through 22 IPOs—an increase of 36% year‑on‑year—while the UAE and Oman saw more subdued performances. Oil‑price volatility, US tariff threats and global trade uncertainty weighed on market sentiment, but issuance volumes rose. The number of offerings edged higher to 24 from 23 in H1 2024, illustrating issuer appetite amid wider economic headwinds. ADVERTISEMENT Saudi listings captured 85% of the total proceeds, reinforcing its dominance in the regional IPO pipeline. The Kingdom raised $2.8 bn, up from $2.1 bn in the first half of 2024, with 22 issuances compared to 19 a year ago. The UAE saw a substantial 88% drop in IPO proceeds, with just one public offering—Alpha Data—raising $163 m in Abu Dhabi. Oman followed with the debut of Asyad Shipping Company, generating $333 m on the Muscat bourse. No IPOs were recorded in Kuwait, Qatar or Bahrain during this period. Sector analysis reveals the industrials segment led with $1.4 bn in proceeds, bolstered by Flynas and Asyad Shipping Company. Real estate followed with demand for development and construction offerings, while healthcare IPOs collected $505 m. Financial services and technology contributed $408 m and $204 m respectively. Performance after listing was mixed. Ten of the 24 companies saw positive returns by the end of June. Asyad Shipping led the pack, with its stock surging 835% since its March 12 listing. Umm Al Qura in Saudi Arabia recorded a 51% gain. On the downside, Hedab Alkhaleej, Dkhoun National Trading and Service Equipment fell by 30%, 27% and 26% respectively. Flynas edged slightly lower by 0.2%, despite an initial dip. Wider equity market performance across the region showed divergence. Kuwait's bourse rose 18.1% year‑to‑date, followed by Dubai, Abu Dhabi and Qatar, while Oman, Bahrain and Saudi Arabia retreated by 1.7%, 2.1% and 7.6% respectively. Geopolitical shocks—including renewed US tariff threats and oil price fluctuations— exerted pressure on national indices. On Monday, Saudi Arabia's Tadawul shed 0.2%, while Dubai, Abu Dhabi and Qatar all fell in the range of 0.3–0.5%. Investors are watching US inflation signals and Fed decisions closely, given the peg of Gulf currencies to the dollar. Despite softer proceeds overall, the strong issuance tally suggests issuers seized a narrow window before heightened uncertainty. A PwC analysis of Q1 showed GCC IPOs rose 33%, raising $1.6 bn from 11 deals, with Saudi Arabia capturing nearly 70% of that total. Looking ahead, Saudi Arabia is expected to maintain momentum, driven by privatisation efforts and a diverse pipeline of government-linked listings led by the Public Investment Fund. The UAE is projected to ramp up activity in industrials and tech, while Kuwait is implementing regulatory reforms to stimulate listings. Market analysts caution that global headwinds remain. PwC flagged how tariff announcements and macroeconomic instability continue to disrupt IPO sentiment globally. Within the GCC, sustained oil-price volatility and tightening monetary conditions add complexity. Nevertheless, Gulf capital markets have demonstrated resilience. Encouraged by diversified sector participation and healthy post-listing gains, policymakers and market participants appear poised to capitalise on remaining windows of stability.
ME Construction
an hour ago
- ME Construction
Hyatt Centric Cairo West opens near the Giza Pyramids
Property Hyatt Centric Cairo West opens near the Giza Pyramids By ADD Properties and Hyatt affiliates also announced a license agreement to bring the first Hyatt Centric-branded residences to the Middle East and Africa region Hyatt has announced the official opening of Hyatt Centric Cairo West. This partnership between Hyatt and ADD Properties, a subsidiary of Sami Saad Holding Hospitality, aims to enhance Egypt's hospitality industry by introducing new, luxurious accommodations to the sector. During the grand opening, ADD Properties and Hyatt affiliates also announced a license agreement to bring the first Hyatt Centric-branded residences to the Middle East and Africa region. Following the reintroduction of the Hyatt brand to Egypt in 2021, with the opening of Hyatt Regency Cairo West, ADD Properties and Hyatt have launched Egypt's first art-inspired hotel. Designed to provide an immersive guest experience tailored to modern travelers seeking authenticity, creativity, and meaningful connections, the property showcases contemporary Egyptian art and culture curated by ADD Art (a subsidiary of ADD Properties) in collaboration with 11 local artists, said a statement. 'We are excited to collaborate with ADD Properties on the upcoming Hyatt Centric branded residences project and are proud to mark the official opening of Hyatt Centric Cairo West,' commented Felicity Black-Roberts, SVP of Development at Hyatt. 'With the successful launch of two Hyatt brands in Egypt since 2021, we are deeply grateful to ADD Properties for their collaboration, valued expertise and strong capabilities and we look forward to continuing our work together on future project opportunities in Egypt.' 'We are proud to be driving forward a new era for Egypt's hospitality and real estate sector through this landmark collaboration with Hyatt. The opening of Hyatt Centric Cairo West and the introduction of the first Hyatt Centric branded residences upcoming in the region reflect our shared commitment to creating distinctive, experience-led destinations,' commented Lars Geweyer, CEO, ADD Properties – Hospitality Division. 'At ADD Properties, we believe in delivering projects that are bold, meaningful, and rooted in culture and Cairo West is a shining example of this vision brought to life. We look forward to building on this momentum and exploring new opportunities with Hyatt, as we shape the next chapter of Egypt's tourism story.' The hotel is situated in the upcoming Cairo West area, a mixed-use destination on the Giza Plateau. Strategically located near the Giza Pyramids and the Grand Egyptian Museum, Cairo West is poised to become Egypt's touristic capital. This destination will integrate hospitality, lifestyle, and culture within one of the country's historically significant locations, the statement outlined. Nestled within the Cairo West destination, the new residential offering will feature 322 designed residences catering to those seeking an immersive, experience-driven lifestyle. Aligning with the essence of the Hyatt Centric brand, these residences will harmonise modern design with lively community energy, providing residents with curated amenities, contemporary social spaces, and connectivity to art, culture, and entertainment, the statement concluded.
Zawya
an hour ago
- Zawya
Saudi's Sport Clubs fit for debut: IFR
The retail tranche of Sport Clubs Company's SR257.4m (US$69m) IPO was nearly five times covered, marking the third Tadawul listing in a row in which retail demand was not sufficient to cover the whole deal. The Saudi fitness centre operator doubled the size of the retail offering to 20% of the IPO due to robust demand. Retail tranches have typically been 10% but lately this has increased to 20%, which has coincided with cooling in retail interest. Deals are still attracting robust demand compared to other countries but are short of the double-digit levels that had become the norm. IPOs for low-cost carrier Flynas and hospital group Specialized Medical Company both lacked enough demand to cover the whole deal and have traded poorly, down 3% and 13.3%, respectively, as of Monday. Retail demand for SCC totalled SR247.7m for 6.86m shares at SR7.50 each. There were 259,690 retail investors participating who were allocated 10 shares each, with the rest awarded pro rata. Institutional demand continues to be robust, with SCC earlier attracting demand of SR11.35bn/US$3bn, around 45 times' coverage of the 80% allocated to those investors. The 34.3m shares in the IPO represent a 30% free-float. A trading date is yet to be set. BSF Capital is running the IPO.
