Airlines across Middle East, Asia extend flight suspensions for 3rd straight day 

Emirates has suspended all operations to and from Dubai until 3:00 p.m. UAE time on March 3. Shutterstock
Short Url
Updated 02 March 2026
Follow

Airlines across Middle East, Asia extend flight suspensions for 3rd straight day 

RIYADH: Airlines and airport operators across the Middle East extended flight suspensions for a third consecutive day after US and Israeli strikes on Iran triggered widespread airspace closures, disrupting global travel routes.

Major Gulf hubs halted operations as authorities kept sections of regional airspace closed, forcing carriers to cancel thousands of flights and reroute long-haul services linking Europe, Asia and Australia.  

This comes as flight cancellations affected seven airports across the Middle East on March 1, including Dubai and Abu Dhabi in the UAE, Doha in Qatar, and Manama in Bahrain.

Dubai-based carrier Emirates said late on March 2 that it would resume a limited number of flights that evening, partially easing an earlier suspension of services.

“We are accommodating customers with earlier bookings as a priority, and those who have been rebooked to travel on these limited flights will be contacted directly by Emirates,” the airline said.

It urged passengers not to travel to the airport unless they had been notified. “All other flights remain suspended until further notice,” the statement added.

Earlier, Emirates had suspended all operations to and from Dubai until 3 p.m. UAE time on March 3. The updated statement clarified that while a small number of flights would resume on the evening of March 2, the majority of services would remain suspended.

Hamad International Airport said flights remain suspended and will resume once the Civil Aviation Authority announces the reopening of Qatari airspace. The airport advised passengers not to travel to the airport and to contact their airlines for updates.

Etihad Airways also temporarily suspended its flights to and from Abu Dhabi until 2 p.m. UAE time on March 3.

The closures disrupted key hub airports in Dubai, Abu Dhabi and Doha. Emirates, Qatar Airways and Etihad — which operate from these hubs — normally handle around 90,000 passengers daily, with even more traveling to other Middle Eastern destinations, according to aviation analytics firm Cirium.

Meanwhile, Iraq extended the closure of its airspace to all arriving, departing and overflying aircraft as regional tensions escalated, in a measure described by aviation authorities as temporary and precautionary amid ongoing conflict-related risks.

Turkiye, on the other hand, has decided to temporarily restrict travelers’ movement across border crossings with Iran, the Qatar News Agency reported.

The disruption has compounded volatility in airline shares amid concerns over higher fuel costs and prolonged operational uncertainty.  

Ipek Ozkardeskaya, senior analyst at Swissquote, said: “The weekend was marked by tensions between the US, Israel, and Iran, leading to hundreds of explosions targeting broader Middle East countries as well, including the UAE, Saudi Arabia, Qatar, Bahrain and Kuwait.”

She added: “The flare-up was predictable; markets had been preparing for weeks as US warships advanced to the region preceding the explosions.”  

Asian airline shares plunge

Asian airline stocks slid on March 2, with Hong Kong’s Cathay Pacific, Australia’s Qantas, Singapore Airlines, and Japan Airlines falling more than 5 percent after the escalation disrupted travel flows and heightened concerns over fuel prices, Asharq Bloomberg reported.

Qantas shares dropped as much as 10.4 percent to a 10-month low at the Australian market open before trimming losses to trade down nearly 6 percent.

Other carriers, including Japan Airlines, Air China and Malaysia Airlines, also declined.

Cathay Pacific canceled all flights to the Middle East, including passenger services to Dubai and Riyadh, until further notice.

Singapore Airlines suspended flights to and from Dubai until March 7, while Japan Airlines halted services between Tokyo and Doha for the time being.  

"For (East) Asian carriers, the number of flights they have to the airports that have been shut are rather limited,” said Singapore-based independent aviation analyst Brendan Sobie, according to Reuters.

“But of course, you have the potential impact of higher oil prices and the overall political/economic instability globally.”

He added that Indian carriers were particularly exposed due to heavy Middle Eastern schedules serving migrant workers and a ban on using Pakistan's airspace on flights to and from Europe.

Air India cancelled flights on Monday between India and Zurich, Copenhagen and Birmingham, as well as to the UAE, Saudi Arabia, Israel and Qatar. It said flights to New York and Newark would refuel in Rome.

Flight data provider VariFlight said Chinese airlines have canceled 26.5 percent of their services to and from the Middle East scheduled between March 2 and 8.

The pattern pointed to “sharp near-term disruption but relatively limited revisions further out in the week, suggesting carriers are still holding back from broader schedule resets while monitoring developments,” it said.

Separately, a passenger air terminal in Paphos, Cyprus, was evacuated on March 2 after a suspect object was picked up on radar, the Cyprus state broadcaster reported, according to Reuters.


Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

Updated 10 March 2026
Follow

Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

RIYADH: The King Salman Park Foundation has secured more than $3.8 billion in new private-sector commitments at the MIPIM 2026 real estate conference, including a landmark $3 billion fund backed by international investors to develop a major mixed-use district in the heart of Riyadh.

According to a press release, the announcements bring total committed investment in the 17.2 sq. kilometers urban regeneration project to over $5.3 billion across five major packages.

Launched in 2019 under Saudi Vision 2030, the development is designed to be the world’s largest city park and aims to boost green space, improve quality of life, and feature over 1 million trees and extensive leisure facilities.

A $3 billion metro-connected district

The largest of the two packages, designated Package 5, will see a consortium led by Kolaghassi Development Co. deliver a residential-led district with a total built-up area exceeding 1 million sq. meters. 

It will provide approximately 3,700 residential units, a K–12 school, around 300 hospitality keys and more than 100,000 sq m of Grade A office space alongside a wide variety of retail and dining offerings.

The development is supported by a Saudi-domiciled, Capital Market Authority-regulated fund managed by Mulkia Investment Co. that has attracted leading investors from the Kingdom and across the world.

Kolaghassi Development Co. will lead the project alongside Al Othaim Investment, one of the Kingdom’s real estate players, and RXR, a New York-headquartered real estate investor and operator.

“Securing investment of this scale, supported by international capital and expertise, is an important milestone for King Salman Park,” said George Tanasijevich, CEO of King Salman Park Foundation. 

$850 million cultural district package

In a separate announcement, the Foundation confirmed the award of Package 4 to a consortium led by Retal Urban Development Co., with support from a fund managed by SAB Invest.

The project has a total value exceeding $850 million and will host more than 600 residential units, over 140 hotel keys, and almost 50,000 sq m of Grade A office space, alongside curated retail and food and beverage experiences.

“This opportunity reflects the maturity of Saudi Arabia’s real estate investment landscape and our confidence in culture-led, mixed-use urban destinations as a driver of sustainable returns,” said Abdullah Al-Braikan, CEO and founder of Retal Urban Development Co.

Ali Al-Mansour, CEO of SAB Invest, said the fund structure brings together “long-term capital, experienced development partners, and a shared commitment to place-making excellence” while contributing to Riyadh’s cultural vibrancy and the Kingdom’s quality-of-life ambitions under Vision 2030.