Flynas to be first Saudi airline to fly to Iraq in 27 years

Flynas said in a statement on its website it would start flights to several Iraqi cities in a few weeks. (Reuters)
Updated 12 October 2017
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Flynas to be first Saudi airline to fly to Iraq in 27 years

CAIRO — Saudi Arabian budget airline Flynas said on Wednesday it would start flying to Iraq, the first Saudi airline to go offer that route in more than 25 years.
The airline said in a statement on its website it would start flights to several Iraqi cities in a few weeks.
There have been no flights between Saudi Arabia and Iraq since former Iraqi President Saddam Hussein invaded neighboring Kuwait in 1990.
Saudi Arabia and the United Arab Emirates are both wooing their northern neighbor in an effort to halt the growing regional influence of arch-foe Iran.
Flynas, which launched as Nas Air in 2007 and first turned a profit in 2015, is facing increasing competition in Saudi Arabia, its primary market.
In August the two countries said they planned to open the Arar land border crossing for trade for the first time since 1990.
That announcement had followed a decision by the Saudi cabinet on Monday to establish a joint trade commission with Iraq.


Aramco to buy Shell’s 50% stake in Saudi refining joint venture for $631m

Updated 30 sec ago
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Aramco to buy Shell’s 50% stake in Saudi refining joint venture for $631m

  • The sale is expected to complete later this year
  • Saudi Aramco Shell Refinery Co., based in Jubail Industrial City, has a crude oil refining capacity of 305,000 barrels per day
DUBAI: Saudi Aramco said on Sunday it would acquire Royal Dutch Shell’s 50 percent stake in Saudi refining joint venture SASREF for $631 million.
The sale is expected to complete later this year, the two companies said in a joint statement.
Saudi Aramco Shell Refinery Co. (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd).