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Flynas Launches First Direct Flights Between Riyadh and Damascus After 12-Year Suspension Saudi airline flynas has inaugurated direct flights between Riyadh and Damascus, becoming the first Saudi carrier to reconnect the two capitals after more than 12 years. The move marks a significant milestone in the airline’s strategic expansion plan, launched under the slogan “Connecting the World to the Kingdom.” The inaugural flight ceremony took place on Thursday at King Khalid International Airport in Riyadh, attended by Syrian chargé d’affaires in Riyadh Counselor Hussein Abdulaziz, along with representatives from flynas, Riyadh Airports Company, and various media outlets. Passengers traveling on…

Middle East economic data For more, go to our GCC economic data and Mena economic data pages Qatar economic indicators at a glance Qatar nominal GDP Qatar GDP per capita Qatar GDP growth Qatar oil breakeven prices Qatar’s GDP dipped in 2020 and again in 2023, as seen in the nominal GDP and the GDP per capita charts. The IMF is forecasting increases for the next few years. Qatar’s non-oil and oil GDP both rose in 2022 – with non-oil GDP up nearly 6 percent – but recorded much smaller increases the following year. Qatar’s oil breakeven price hit the $50…

Middle East economic data For more, go to our GCC economic data and Mena economic data pages Oman economic indicators at a glance Oman nominal GDP Oman GDP per capita Oman’s economy has fluctuated, with GDP per capita and nominal GDP dipping in 2020 and 2023. Only small changes are forecast for this year and 2025. Oman GDP growth Oman’s non-oil and oil GDP growth stood at about 10 percent in 2022, but both indicators were below 2 percent the following year. Oman oil breakeven prices Oman’s oil breakeven price has fallen since 2021. It is predicted to increase slightly…

Saudi airline flynas has inaugurated direct flights between Riyadh and Damascus, becoming the first Saudi carrier to reconnect the two capitals after more than 12 years. The move marks a significant milestone in the airline’s strategic expansion plan, launched under the slogan “Connecting the World to the Kingdom.” The inaugural flight ceremony took place on Thursday at King Khalid International Airport in Riyadh, attended by Syrian chargé d’affaires in Riyadh Counselor Hussein Abdulaziz, along with representatives from flynas, Riyadh Airports Company, and various media outlets. Passengers traveling on the first flight to Damascus were welcomed with gifts, and the aircraft…

Middle East economic data For more, go to our GCC economic data and Mena economic data pages Bahrain economic indicators at a glance Bahrain nominal GDP Bahrain GDP per capita Bahrain GDP growth Bahrain oil breakeven prices Bahrain’s economy contracted in 2020 and 2023, as the GDP per capita and nominal GDP indicators show. Both are now on an upward trajectory. The growth rate for Bahrain’s non-oil GDP hit 7.5 percent in 2022 before slowing. Bahrain’s oil GDP is edging back towards positive territory. The oil breakeven price has fallen since 2023. Bahrain inflation Bahrain debt & current account balance…

Middle East economic data For more, go to our GCC economic data and Mena economic data pages Kuwait economic indicators at a glance Kuwait nominal GDP Kuwait GDP per capita Kuwait GDP growth Kuwait oil breakeven prices Kuwait’s GDP fell during 2020 due to the Covid-19 pandemic and again in 2023 because of declining oil revenue. Nominal GDP remained little changed from 2023 to 2025 but will increase in 2027.  Non-oil GDP grew by nearly 6 percent in 2021 but contracted subsequently. It is now rising again, according to the IMF. Kuwait’s breakeven oil price was estimated at $88 in…

Global food commodity prices declined in May, driven by marked drops in cereal, sugar, and vegetable oil prices, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 127.7 points in May, reflecting a 0.8% decrease from the April figure. The May reading was up 6% from a year earlier but over 20% below a March 2022 peak following Russia’s full-scale invasion of Ukraine that started a devastating war between two of the world’s leading grains producers. The FAO cereal price index…

Saudi presence crucial Alignment with Vision 2030 Tech expertise valued International asset managers looking to raise funds in Saudi Arabia can no longer do so as easily without establishing a presence in the kingdom and aligning their activities with the country’s Vision 2030 diversification goals, analysts say. Despite the kingdom’s commitment this year to invest and trade as much as $600 billion in the US economy over Donald Trump’s presidential term, it is becoming harder for international fund managers to raise money purely based on investment propositions, sources say. Local institutional investors have become more reluctant to send their money…

Middle East economic data For more, go to our GCC economic data and Mena economic data pages Saudi Arabia economic indicators at a glance Oil remains the most important contributor to Saudi Arabia’s GDP although the kingdom’s investment, economic diversification and development programme – known as Vision 2030 – is easing its reliance on hydrocarbons.  Financial services, tourism, manufacturing and petrochemicals are among Saudi Arabia’s leading non-oil sectors. Saudi Arabia GDP Below is an overview of Saudi Arabia’s GDP, including key indicators such as nominal GDP, GDP per capita and GDP growth. These show the size of Saudi Arabia’s economy,…

Global food commodity prices declined in May, driven by marked drops in cereal, sugar, and vegetable oil prices, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 127.7 points in May, reflecting a 0.8% decrease from the April figure. The May reading was up 6% from a year earlier but over 20% below a March 2022 peak following Russia’s full-scale invasion of Ukraine that started a devastating war between two of the world’s leading grains producers. The FAO cereal price index…