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Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
Saudi Arabia and Egypt are set to boost energy cooperation following a meeting between top officials to expand ties in petroleum, gas, electricity, renewable energy, and hydrogen.
On July 21, Saudi Minister of Energy Prince Abdulaziz bin…
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Flydubai says expansion plans hindered by Boeing delays
Dubai-based carrier flydubai’s fleet expansion plans have been hit by delays to Boeing’s aircraft delivery schedule, the airline said on Monday.
Flydubai, the sister airline of flagship carrier Emirates, said it was “evaluating its route…
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Riyadh Air signs 5-year deal to use GE Aerospace’s software
Riyadh Air signed a five-year agreement on Monday to use GE Aerospace’s flight operations software, the airline has announced.
The partnership will equip the new Saudi Arabian airline with data-driven analytics to optimize fuel…
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Saudi GACA, Germany’s Lilium sign MoU to boost air mobility roadmap
Saudi Arabia’s General Authority of Civil Aviation has inked a deal with German electric vertical take-off and landing vehicle manufacturer Lilium, propelling the Kingdom’s advanced air mobility roadmap.
The memorandum of understanding,…
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Saudi Arabia awards 4 salt exploration licenses in Eastern Province
Saudi Arabia has granted exploration licenses for salt deposits in Eastern Province’s Sabkha Ras Al-Qaryah to four companies following a competitive tendering process.
The winning firms are Khalid Al-Zahid and Sons Co., Ibrahim Al-Issa…
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Saudi Arabia’s US treasury bond possession increases 22.46% year-on-year to $136.3bn
Saudi Arabia’s possession of US treasury bonds increased to $136.3 billion in May, compared to $111.3 billion for the same month in 2023.
The figures mark a 22.46 percent year-on-year increase.
Data released by the US Treasury…
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Saudi government agencies boost emerging tech adoption by 10% in 2024
Saudi Arabia’s government agencies have made significant progress in integrating new technologies, showing a 10 percent improvement from the previous year, according to an official report.
The Emerging Technology Adoption Readiness…
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Global electricity demand to grow by 4% in 2024: IEA
Global electricity demand is expected to rise by around 4 percent this year, up from 2.5 percent in 2023, driven by robust economic growth, according to an analysis.
In its latest report, the International Energy Agency highlighted that…
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Saudi capital market systems prove resilient during global tech outage
Saudi Arabia’s capital market systems proved resilient during the global technical outage on July 19, which disrupted flights, broadcasting services, and essential services worldwide.
The Saudi Capital Market Authority stated that it…
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AlUla participates in global forums to strengthen Saudi-China cultural ties
Saudi Arabia and China have deepened their cultural ties as the Royal Commission for AlUla participated in key global forums in Istanbul and Luoyang.
The RCU attended the Silk Road Dialogue and the International Ancient Capitals Forum to…
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