Browsing Category
Business
PIF-owned Riyadh Air signs global partnerships with Singapore Airlines and Air China
Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network.
The agreement focuses on interline…
Read More...
Read More...
Oman Investment Authority’s assets surge to hit $49.9bn in 2023
Total assets of Oman’s sovereign wealth fund increased by an estimated 7.4 percent year on year to reach 19.24 billion Omani rials ($49.9 billion) in 2023, according to new figures.
A report issued by the Oman Investment Authority…
Read More...
Read More...
Saudi Arabia, Morocco eye stronger industrial ties
Economic ties between Saudi Arabia and Morocco are set to boost particularly in the fields of mining of energy as an official delegation from the Kingdom is visiting the northwestern African country to explore venues for cooperation.…
Read More...
Read More...
Emirates chief blasts London’s ‘old’ Heathrow Airport
The UK’s largest airport has been compared to a “post-Second World War” structure by the chief of Emirates.
Sir Tim Clark accused London’s Heathrow Airport of prioritizing shareholder dividends over customer experiences. “I was at…
Read More...
Read More...
Saudi Arabia, Brazil forge partnerships to boost public and private sector investment
Saudi Arabia and Brazil have signed multiple agreements to boost public and private sector investment, focusing on defense industries, research and development, and technology transfer and localization.
This came as a bilateral meeting…
Read More...
Read More...
Aramco commences secondary public offering of 1.55bn shares
Energy giant Aramco has begun the sale of more than $10 billion worth of shares in what is the second public offering from the Saudi-based firm.
The 1.55 billion holdings on offer represent 0.64 percent of the company’s issued shares,…
Read More...
Read More...
Global LNG supply to increase by 80% by 2030: Goldman Sachs
The global liquefied natural gas supply is set to surge by 80 percent by 2030, driven by new projects in Qatar and North America, a new analysis showed.
In its latest report, Goldman Sachs said that this robust rise in supply would bring…
Read More...
Read More...
OPEC+ extends oil output cuts into 2025
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, on Sunday agreed to extend most of its deep oil output cuts for 2024 but to start phasing them out in 2025
The decision seeks to shore up the market…
Read More...
Read More...
IATA summit in Dubai focuses on airline industry challenges
Geopolitical and economic changes, safety, and emissions are in the spotlight at the 80th IATA Annual General Meeting and World Air Transport Summit that commenced in Dubai on June 2.
According to the International Air Transport…
Read More...
Read More...
Emirates president asks Boeing for compensation over 777x delays
Emirates President Tim Clark on Sunday called on Boeing to compensate the airline for delays in the development of the US planemaker’s latest 777 jet, which the carrier has bought.
Emirates is refurbishing many of its existing 777…
Read More...
Read More...