Riyadh airport wins Skytrax award for most improved airport

The airport was also ranked third on the list of the top 10 airports in the Middle East. (Shutterstock)
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Updated 20 June 2022
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Riyadh airport wins Skytrax award for most improved airport

  • The survey was based on key performance indicators such as check-in, arrivals, transfers, shopping, security and immigration, and departure

JEDDAH: King Khalid International Airport in Riyadh has won a Skytrax award for being the most improved airport, ranking 29th out of the world’s top 100 airports.

People from more than 100 countries completed questionnaires, with their answers collected to evaluate the customer experience across airport services.

The survey was based on key performance indicators such as check-in, arrivals, transfers, shopping, security and immigration, and departure.

KKIA, which was established in 1983, came third in the top 10 Middle East airports.

It operates over 51 international and domestic airlines traveling to more than 105 destinations, more than 217,000 flights take off from its runway, and its facilities serve more than 28.5 million passengers annually.

Mohammed Al-Maghlouth, CEO of Riyadh Airports Company, said he was honored to receive the award as it came from passengers who had participated in the Skytrax survey and shared their traveling experiences in the Saudi capital's airport.

“This milestone demonstrates our ongoing commitment to the aspirations of Vision 2030 and the national aviation strategy,” he said. “I would like to thank our wise leadership for their vision and guidance, without which none of this would be possible. I would further like to thank the General Authority of Civil Aviation, Matarat Holding Company, and our partners for helping us enhance and develop our services and facilities. With their support, King Khalid International Airport provides a second-to-none travel experience that rivals some of the most established airports around the world.”

The company was established in 2016 as part of Saudi Arabia’s plan to privatize the aviation sector.


Gold rises on Iran war safe-haven bid; firm dollar limits upside

Updated 05 March 2026
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Gold rises on Iran war safe-haven bid; firm dollar limits upside

BENGALURU: Gold prices rose on March 5, lifted by safe-haven demand amid an escalating war in the Middle East, while a stronger dollar and concerns around the US Federal Reserve’s monetary policy capped gains.

Spot gold was up 0.6 percent at $5,168.43 per ounce, as of 11:55 am Saudi time. US gold futures for April delivery were up 0.9 percent at $5,179.20.

Israel launched a large wave of strikes on Tehran on March 5, targeting what it said was infrastructure belonging to the Iranian authorities, after Iranian missiles sent millions of Israelis rushing into bomb shelters.

“On the one hand, there may be greater safe-haven demand for gold given the ongoing conflict in the Middle East. On the other hand, the risk of a prolonged period of higher energy prices that takes rate cuts off the table, and adds to the chance of rate hikes, could be capping further gains,” said Hamad Hussain, a climate and commodities economist at Capital Economics.

The US dollar rose about 0.3 percent after briefly retreating from three-month highs, as the fallout from the war roiled global markets and kept sentiment fragile.

Concerns about energy supply continued to drive up oil prices and stoke inflation fears.

Gold is considered a hedge against inflation in the long run, but also tends to thrive when interest rates are lower, as it is a non-yielding asset.

President Donald Trump, on March 4, officially nominated former Federal Reserve Governor Kevin Warsh to be the US central bank’s next chair.

US economic activity grew slightly, prices continued to increase and employment levels were stable in recent weeks, the Federal Reserve said on Wednesday in its latest “Beige Book” report.

Markets expect the Fed to keep rates steady at its next policy meeting on March 18, according to CME Group’s FedWatch tool.

Investors are looking out for the weekly US jobless claims data, due later today, and the US employment report for February on March 6 for further clues on monetary policy this year.

Spot silver rose 0.5 percent to $83.80 per ounce. Platinum gained 1.1 percent to $2,172.20, while palladium lost 0.7 percent to $1,662.07.