Qatar Airways to have shuttle flights with Saudia, other GCC airlines for World Cup, CEO says

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Updated 21 June 2022
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Qatar Airways to have shuttle flights with Saudia, other GCC airlines for World Cup, CEO says

DOHA: Qatar Airways is seeking partnership with other Gulf Airlines, including Saudia, to increase the flow of football fans to Doha as Qatar is preparing to host the World Cup in November.

Akbar Al-Baker, Qatar Airways Group CEO, told Arab News during the International Air Transport Association Annual General Meeting in Doha that the airline has tied up with flydubai, Kuwait Airways, Oman Air and Saudia to connect match ticket holders to Doha. 

The airlines to provide “Match Day Shuttle” flights for 24-hour experiences, during the FIFA World Cup Qatar 2022, he added.

“We want to encourage other airlines to come here and bring capacity. You know, as an airline, we won’t singularly be able to bring all the capacity required to bring the fans for the World Cup,” Al-Baker said.

“The landscape of this tournament gives us the opportunity to spread the business with various regional airlines. Our combined bandwidth with flydubai, Kuwait Airways, Oman Air and Saudia will create travel flexibility that will bridge cultures and give fans the chance to explore multiple places in the Middle-East,” he continued.

Qatar Airways is one of the most profitable airlines in the world. 

It has recorded $1.54 billion in profit during the 2021-22 fiscal year – the highest net profit among all airlines around the globe that have published their financial results for the 2021-22 financial year.

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Match Day Shuttle

The airline has tied up with flydubai, Kuwait Airways, Oman Air and Saudia to connect match ticket holders to Doha via Match Day Shuttle flights for 24-hour experiences, during the FIFA World Cup Qatar 2022.

Post-COVID challenges

As IATA predicted that freight revenue generated by carriers this year would fall by 6.4 percent, Al-Baker added: “There will be a downturn in business, and when there is a downturn in business, people don’t buy stuff that we normally carry as cargo.”

With capacity able to meet current demand, a drop in bookings will create downward pressure on yields when the recession starts, he said.

Al-Baker further said that labour shortages will be another big challenge in the coming months, though he added that his airline is “inundated with job applications”. 

“People got into a bad habit of working from home,” he pointed out.

“They feel they don’t need to go to an industry that really needs hands-on people," he said, adding shortages in airport staff could hurt growth.

Qatar Airways wants to restore flights to Hong Kong but it's still under COVID-19 restrictions, Al-Baker said. 

“Hong Kong is a very important market for aviation. It’s a big hub, and I hope that the authorities will reconsider. You know, now you have to live with COVID.”

Al-Baker also stressed the importance of the Latin American market stating that Qatar Airways is planning to fly to Mexico but is facing legal issues.

Airbus dispute

He also talked about Qatar Airways’ legal dispute with Airbus over flaws with the protective skin of A350 wide-body jets, saying: “We are always open to constructively resolve issues. But we cannot accept somebody not following a contract they have signed with us.”

In an unprecedented London court battle, Qatar Airways is pursuing Airbus for more than $1 billion in damages, with the value of the carrier's claim rising by $4 million per day.

Qatar Airways, supported by its own national regulator, which has ordered the jets out of service as the problem appears, insists that the safety impact cannot be properly understood until Airbus provides deeper analysis.

Airbus is in discussions with Qatar Airways to try to resolve the bitter legal and safety dispute over the A350 passenger jet, the planemaker's chief executive said on Sunday.

"There's progress in the sense that we are communicating; we are working with each other," Guillaume Faury told Reuters on the sidelines of the IATA meeting in Doha. "I think we share the view that a settlement would be a better way forward, but as long as you don't have an agreement, you have no agreement."

Sustainable fuel use

Speaking about the industry’s net-zero 2050 target, Al-Baker said it would be a difficult target for airlines to achieve.

It is going to be “very challenging”, he said, adding that other stakeholders in the industry, including engine makers and oil companies, would need to contribute to the goal.


Saudi stock market opens its doors to foreign investors

Updated 06 January 2026
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Saudi stock market opens its doors to foreign investors

RIYADH: Foreigners will be able to invest directly in Saudi Arabia’s stock market from Feb. 1, the Kingdom’s Capital Market Authority has announced.

The CMA’s board has approved a regulatory change which will mean the capital market, across all its segments, will be accessible to investors from around the world for direct participation.

According to a statement, the approved amendments aim to expand and diversify the base of those permitted to invest in the Main Market, thereby supporting investment inflows and enhancing market liquidity.

International investors' ownership in the capital market exceeded SR590 billion ($157.32 billion) by the end of the third quarter of 2025, while international investments in the main market reached approximately SR519 billion during the same period — an annual rise of 4 percent.

“The approved amendments eliminated the concept of the Qualified Foreign Investor in the Main Market, thereby allowing all categories of foreign investors to access the market without the need to meet qualification requirements,” said the CMA, adding: “It also eliminated the regulatory framework governing swap agreements, which were used as an option to enable non-resident foreign investors to obtain economic benefits only from listed securities, and the allowance of direct investment in shares listed on the Main Market.”

In July, the CMA approved measures to simplify the procedures for opening and operating investment accounts for certain categories of investors. These included natural foreign investors residing in one of the Gulf Cooperation Council countries, as well as those who had previously resided in the Kingdom or in any GCC country. 

This step represented an interim phase leading up to the decision announced today, with the aim of increasing confidence among participants in the Main Market and supporting the local economy.

Saudi Arabia, which ‌is more than halfway ‍through an economic plan ‍to reduce its dependence on oil, ‍has been trying to attract foreign investors, including by establishing exchange-traded funds with Asian partners in Japan and Hong Kong.