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Qatar’s Hamad International Airport sees 25% surge in passenger traffic
The number of passengers passing through Qatar’s Hamad International Airport surged 25 percent year on year to reach 25.9 million travelers in the first half of 2024.
Aircraft movement and the total number of bags handled also grew by 19…
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Saudi Arabia, UAE propel regional M&A activity in H1 to hit $49.2bn
Merger and acquisition activity in the Middle East and North Africa region saw a modest 1 percent increase year on year in the first half of 2024, reaching $49.2 billion across 321 deals, according to Ernst & Young.
The UK-based…
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flyadeal’s seating capacity rises 9% to reach 5m in H1
Saudi Arabia’s low-cost airline flyadeal saw a significant increase in available seating capacity in the first half of this year, reaching 5 million, which represents a 9 percent rise compared to the same period in 2023.
According to a…
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Saudi, Brazilian banks sign deal to boost trade ties, non-oil exports
Trade between Saudi Arabia and Brazil is poised to expand following a new agreement between their banks aimed at boosting cooperation and increasing non-oil exports.
The memorandum of understanding, signed by Saudi EXIM and the Brazilian…
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Saudi commerce minister leads delegation to Korea
Trade ties in light of the free trade agreement between the Gulf Cooperation Council and South Korea were discussed when a leading Saudi minister met the East Asian country’s prime minister.
As part of his three-day visit to the…
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Jordan’s agricultural exports see 25% growth, boosting revenues to $705m
Jordan’s agricultural exports saw an annual growth of 25.3 percent from January to the end of May, driven by government-implemented irrigation techniques and modern farming practices.
This growth has propelled national agricultural…
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Uzbekistan’s Air Samarkand to operate regular flights to Saudi Arabia
Uzbekistan’s Air Samarkand has been granted approval to launch regular flights to Saudi Arabia, enhancing connectivity between the two nations.
The Kingdom’s General Authority of Civil Aviation authorized the company to commence regular…
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MODON signs $266m contracts with private sector to improve industrial infrastructure
The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has signed nine contracts valued at over SR1 billion ($266.5 million) with the private sector to improve service facilities and infrastructure across various…
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London Metal Exchange approves Saudi port as warehouse delivery point
The London Metal Exchange has approved the Red Sea port city of Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday.
The exchange said the listing will become active three months after the first…
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UAE’s Masdar Spanish solar farm deal heralds more European investments
The UAE’s renewable energy company Masdar is seeking more opportunities in Europe’s green energy sector and will consider both minority investments and controlling stakes, its CFO said, following a deal last week with Spain’s Endesa.…
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