MANUFACTURING-

Juthor Paper Manufacturing broke ground on its sixth tissue production line at King Abdullah Economic City, TM6, it said on LinkedIn last Thursday. The new facility is expected to boost the Middle East Paper Company’s subsidiary’s annual output capacity to 120k tons, producing 2.1k meters per minute.

ICYMI- Juthor tapped Austria-based technology provider Andritz AG to manufacture, supply and install the sixth production line with an annual capacity of 60k tons, under a two-year contract signed last November.

AVIATION-

Saudia plans to launch three weekly year-round direct flights between Riyadh and Moscow starting in October, it said on LinkedIn last Friday. The new route will be introduced in partnership with the Air Connectivity Program and in coordination with the SkyTeam airline alliance.

We knew this was coming, following remarks made by Transport and Logistics Service Minister Saleh Al Jasser earlier this month that national airlines would soon be flying to Russia.

The more the merrier: This month alone has seen Saudia inaugurate direct flights to four new global destinations — Al Alamein in Egypt, Salalah in Oman, Vienna in Austria, and Venice in Italy.

INS.-

S&P Global Ratings upgraded the Gulf Ins. Group’s credit rating to A with a stable outlook, up from A-, it said in a disclosure to Tadawul last Thursday. S&P also expects the ins. player to maintain solid operational performance and capital adequacy over the next two years and maintain its strong standing in MENA, the disclosure said

TRANSPORT-

Riyadh Metro opened a new station, Hassan bin Thabet Street, on its orange line (Line 3), the Riyadh Public Transport Authority said on X on Friday. The 41 km line — which runs from Jeddah Road to the Second Eastern Ring Road near Khashm Al Aan — saw six new stations opening up this year, including the Railway Station and the Jarir District Station in April, as well as the Dharat Al Badiah, Al Jarradiyah, Al Hilla, and First Industrial City stations in January.

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