Nasair’s Riyadh-Taif service takes off

Updated 20 February 2013

Nasair’s Riyadh-Taif service takes off

Saudi national carrier nasair has celebrated the launch of its first flight from Riyadh to Taif and also its first international flight from Kuwait at Taif International Airport.
Nasair CEO Francois Bouteiller and senior officials were on board the first flight from Riyadh to Taif.
The CEO and the carrier’s GM operation of domestic airports at GACA, the director general of Taif airport and airport officials also took part in the celebrations.
They received the passengers of the first flight coming from Kuwait with gifts and flowers and wished them a pleasant stay in Taif.
Similarly they bid farewell to those who were leaving on the first flight from Riyadh wishing them a safe and happy flight.
Bouteiller said: “Taif’s strategic location with its continuous growth of travel demand encouraged nasair to expand its operation to this important part of the Kingdom.”
He said he had stressed this point to Taif Gov. Fahd bin Abdulaziz bin Moamer, when he had the honor of meeting him in his office and he sincerely thanked the governor for continuously supporting nasair.
Bouteiller said: “The new Taif-Riyadh and Taif-Kuwait services are considered as a historic accomplishment in the successful journey of nasair. Since its inception 7 years ago, nasair has achieved a remarkable growth, which we could have never accomplished without the support of our loyal customers.”
Bouteiller added: “Operating nasair’s four weekly flights between Taif and Riyadh, and also three weekly flights between Taif and Kuwait are significant because of the destinations that are extremely important.”
Since the inception of nasair in 2007 in Saudi Arabia, it had transported more than 10 million passengers.

Saudi Arabia has lion’s share of regional philanthropy

Updated 26 April 2018

Saudi Arabia has lion’s share of regional philanthropy

  • Kingdom is home to three quarters of region's foundations
  • Combined asets of global foundations is $1.5 trillion

Nearly three quarters of philanthropic foundations in the Middle East are concentrated in Saudi Arabia, according to a new report.

The study, conducted by researchers at Harvard Kennedy School’s Hauser Institute with funding from Swiss bank UBS, also found that resources were highly concentrated in certain areas with education the most popular area for investment globally.

That trend was best illustrated in the Kingdom, where education ranked first among the target areas of local foundations.

While the combined assets of the world’s foundations are estimated at close to $1.5 trillion, half have no paid staff and small budgets of under $1 million. In fact, 90 percent of identified foundations have assets of less than $10 million, according to the Global Philanthropy Report. 

Developed over three years with inputs from twenty research teams across nineteen countries and Hong Kong, the report highlights the magnitude of global philanthropic investment.

A rapidly growing number of philanthropists are establishing foundations and institutions to focus, practice, and amplify these investments, said the report.

In recent years, philanthropy has witnessed a major shift. Wealthy individuals, families, and corporations are looking to give more, to give more strategically, and to increase the impact of their social investments.

Organizations such as the Bill and Melinda Gates Foundation have become increasingly high profile — but at the same time, some governments, including India and China, have sought to limit the spread of cross-border philanthropy in certain sectors.

As the world is falling well short of raising the $ 5-7 trillion of annual investment needed to achieve the UN’s Sustainable Development Goals, UBS sees the report findings as a call for philanthropists to work together to scale their impact.

Understanding this need for collaboration, UBS has established a global community where philanthropists can work together to drive sustainable impact.

Established in 2015 and with over 400 members, the Global Philanthropists Community hosted by UBS is the world’s largest private network exclusively for philanthropists and social investors, facilitating collaboration and sharing of best practices.

Josef Stadler, head of ultra high net worth wealth, UBS Global Management, said: “This report takes a much-needed step toward understanding global philanthropy so that, collectively, we might shape a more strategic and collaborative future, with philanthropists leading the way toward solving the great challenges of our time.”

This week Saudi Arabia said it would provide an additional $100 million of humanitarian aid in Syria, through the King Salman Humanitarian Aid and Relief Center.

The UAE also this week said it had contributed $192 million to a housing project in Afghanistan through the Abu Dhabi Fund for Development.