Independence Day celebration: Air India offers discounted flights from Gulf cities to subcontinent

Short Url
Updated 09 August 2022
Follow

Independence Day celebration: Air India offers discounted flights from Gulf cities to subcontinent

  • The promotional tickets can be bought from Aug. 8 until Aug. 21

DUBAI: Air India is offering discounted one-way flight fares for passengers departing from its Gulf routes to celebrate India’s 75th Independence Day on Aug. 15.

The promotional tickets can be bought from Aug. 8 until Aug. 21 and are valid for travel until Oct. 15 this year. Although there are limited seats for the promotion, travelers nonetheless are still allowed 35 kilograms of check-in baggage and eight kilos of hand luggage.

Travelers coming from Saudi Arabia’s major cities – Dammam, Riyadh and Jeddah – destined for the Indian cities of Delhi, Mumbai and Hyderabad can take advantage of the one-way direct flights for only $133.33 (500 riyals). A quick check on the airline’s website indicates the normal pricing for a one-way flight from Jeddah to Delhi tops over a thousand riyals.

Air India, which was taken over by Tata Group in January after winning the bid for the airline late last year, has about 81,000 seats per week in its Gulf operations including that of its budget segment via Air India Express.

For passengers departing from Abu Dhabi, Dubai and Sharjah in the UAE, and bound for Indian cities including Delhi, Mumbai, Chennai, Kozhikode, Cochin, Bengaluru and Hyderabad, Air India has pegged the one-way promotional fare at $89.86 (330 dirhams).

Passengers from Kuwait to Chennai and Mumbai meanwhile can purchase their tickets at $119.44 (36.65 Kuwaiti dinars); those flying from Doha to Delhi can have their flight tickets for $137 (499 Qatari riyals); Delhi-bound passengers from Bahrain can avail the cheaper seats at $160 (60.3 Bahraini dinars) while those flying from Muscat to Mumbai, Hyderabad and Kannur can avail of the $93.89 (36.1 Omani riyals) flight tickets.

Passengers out of Muscat to Delhi and Chennai pay $169.3 (65.1 Omani riyals) for their discounted tickets.

Air India, which held around 17 percent of India’s international airlines market in 2021, is aiming to regain lost ground and is planning to add 200 more aircraft to its current fleet of about 128 planes.

The Gulf market, where a large population of non-resident Indians work and live, is dominated by international airlines like Emirates, one of two flag carriers of the UAE.


Saudi stock market opens its doors to foreign investors

Updated 06 January 2026
Follow

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.