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Etihad Airways and China Eastern Airlines forge JV for enhanced air connectivity
Travellers are set to enjoy enhanced air connectivity between the UAE and China as the Emirate’s flagship carrier, Etihad Airways, has formed a joint venture with China Eastern Airlines.
Signed at Etihad Airways headquarters in Abu…
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MENA region seeing sharp growth in renewable energy sector: IEA
The Middle East and North Africa region is registering the highest growth in the global renewable energy sector due to its relatively small current base and ambitious 2030 targets.
In its latest report, the International Energy Agency…
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PIF prices inaugural sterling bond offering of $829m
Saudi Arabia’s Public Investment Fund has priced its inaugural sterling bond offering of £650 million ($829.80 million) under its existing Euro Medium-Term Note program.
The issuance is part of PIF’s strategy to continually diversify its…
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Mawani and Marseille Port Authority sign deal in Paris
During the first day of the second edition of Vision Golfe 2024, held in Paris at the French Ministry of Economy, Finance and Industrial and Digital Sovereignty, the Saudi Port Authority and the Marseille equivalent signed a memorandum of…
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Survey forecasts 85% of Saudi car drivers likely to buy a battery-electric vehicle by 2035
Approximately 85 percent of residents in Saudi Arabia are likely to purchase battery-electric vehicles by 2035, a global consulting firm’s study has found.
Currently, some 70 percent of the country’s population have expressed a moderate…
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Saudi, Japan officials discuss international trade goals
Officials from Saudi Arabia and Japan held talks about boosting trade in Riyadh on Wednesday.
Farid bin Saeed Al-Asali, deputy governor of the Saudi General Authority of Foreign Trade, met with Kazutaka Kawahara, deputy head of mission…
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Saudi Arabia launches ‘National Semiconductor Hub’ to drive industry localization
At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop the sector in the Kingdom.
This undertaking will be supported by a deep tech venture capital fund that…
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Oman’s foreign trade exchange rises 13% to reach $27bn: official data
Oman’s foreign exchange witnessed a 12.8 percent annual increase in the first quarter of 2024, buoyed by a trade surplus attributed mainly to increased oil exports, official data showed.
The Gulf state’s overall volume of international…
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Saudi Arabia’s non-oil private sector growth steady with PMI at 56.4
Saudi Arabia’s private sector non-oil growth remained steady in May, with the Kingdom’s Purchasing Managers’ Index reaching 56.4, a slight decline from 57 in April, official data showed.
According to the Riyad Bank Saudi Arabia PMI…
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Saudi Arabia, Kuwait finalize project to streamline customs procedures
Trade exchange between Saudi Arabia and Kuwait is set to increase further with the completion of their land customs technical connectivity project.
The completion of the project was revealed on Monday during the second meeting of the two…
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