Posted inCulture & SocietyLatest NewsSaudi ArabiaUAE

Saudi AlUla train; Egypt economy freefalls; Dubai Crown Prince Sheikh Hamdan pays tribute to Palestine – 5 trending stories to read today

Here are five trending stories you missed yesterday

On Tuesday, Arabian Business covered some of the most happening stories in the region, which included Qatar Airways announcing the departure of CEO Akbar Al Baker, AlUla train project to launch in 2027 and more.

Here are five trending stories you missed yesterday.

AlUla train project will launch in 2027, Alstom partners on sustainable Saudi transport plan

AlULA Train Project Saudi Arabia

The AlUla Train Project will launch in 2027 and consist of a 22.4km line with 17 stations as the region looks to become a hub for tourism.

The Royal Commission for AlUla (RCU) has announced a partnership with Alstom, which specialises in the field of sustainable transport, to provide vehicles and systems used in the AlUla Train Project during the Future Investment Initiative (FII7) forum.

The AlUla Train Project is scheduled for launch in 2027, and aims to provide a unique and immersive experience that combines the rich heritage, culture, and natural beauty of the region.

Most UAE, Saudi workers want to change jobs: Report

UAE and Saudi jobs

According to recent research by Zurich International Life in the Middle East, most employees in the UAE (74 percent) and Saudi Arabia (78 percent) have expressed interest in searching for new job opportunities, particularly women and employees in the age group of 25-34.

This trend has already gained momentum with over 25 percent of employees having changed their jobs in the last year with factors of consideration such as higher remuneration, better employee benefits and professional advancement opportunities.

Egypt’s economy freefalls as experts look to lessons from Lebanon’s crisis

Egypt’s economy freefalls as experts look to lessons from Lebanon’s crisis

As Egypt’s economic crisis deepens, many analysts have begun drawing comparisons to Lebanon’s slide into economic meltdown in recent years. However, economists emphasise that Egypt’s challenges, while serious, may not necessarily indicate an identical path if reforms are carried out swiftly and decisively.

Egypt’s economy is facing severe headwinds, with worsening debt and foreign exchange shortage issues exacerbating a bruising crisis. The country’s external loans have ballooned to over $160 billion in recent years, weighing on fiscal stability, while foreign exchange shortages have driven pound devaluations and restrictions on offshore debit card use.

Dubai’s Crown Prince Sheikh Hamdan pays tribute to Palestine on Instagram

Palestine Israel conflict

Dubai’s Crown Prince Sheikh Hamdan bin Mohammed shared a tribute to Palestine in an Instagram story as the conflict in Gaza rages on.

The photo shared on his Instagram story was an image of the Dome of the Rock in the Old City of Jerusalem and a figure waving the Palestinian flag within a historical map of Palestine.

The caption read: “Palestine. Oh God, help and support them.”

Qatar Airways announces departure of CEO Akbar Al Baker

Qatar Airways chief Akbar Al Baker to step down

Qatar Airways has announced the departure of Akbar Al Baker, the longstanding chief executive of the airline, after nearly three decades of leadership at the state-owned carrier.

Al Baker will be succeeded by Engr. Badr Mohammed Al-Meer as Group Chief Executive for Qatar Airways.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.