Latest news with #LeenAlRashdan
Bloomberg
4 days ago
- Business
- Bloomberg
Saudi Arabia's Flynas Falls In IPO Debut Amid Conflict Jitters
By and Leen Al-Rashdan Save Saudi Arabia's Flynas Co. fell in its Riyadh trading debut on Wednesday as the escalating conflict between Israel and Iran reverberates across regional equity markets and pressures airline stocks. Shares in the low-cost carrier fell 5.6% to 75.50 riyals apiece, while Saudi Arabia's main exchange dropped 0.7% as of 10:03 a.m. The deal was priced at 80 riyals per share last month, the top end of the marketed range which valued the company at 13.7 billion riyals ($3.65 billion).
Bloomberg
03-06-2025
- Business
- Bloomberg
Landing in Istanbul? Stay Seated—or Risk a Fine
The annual meeting of the International Air Transport Association is a good place to take the temperature of the global aviation industry. At this year's conclave, in New Delhi, there was ample discussion of planes, parts and tariffs. But one offbeat idea from Turkey caught the eye of aviation reporter Leen Al-Rashdan. Plus: Resources to fight AIDS in South Africa are vanishing. Help us improve Bloomberg newsletters: Take a quick survey to share your thoughts on your signup experience and what you'd like to see in the future. And if this email was forwarded to you, click here to sign up.
