Business & Money | Sunday 19 November, 2023 11:28 am

Riyadh Air makes strong statement of intent as airline wraps up an extraordinary debut at Dubai Airshow 2023

The next chapter for the skies continued its journey to take off in 2025 as Riyadh Air, Saudi Arabia’s new world-class airline wholly owned by the Public Investment Fund (PIF), dominated industry conversations with a series of major announcements at last week’s Dubai Airshow. Making its first...

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Business & Money | Sunday 19 November, 2023 9:44 am

Ahead of COP28, New SAP Survey Shows Significant Uptick in UAE Companies’ Sustainability Investments and Environmental Data Collection

As the UAE prepares to host COP28 in December, a new survey from global technology company SAP SE has highlighted the success of the country’s deep commitment to sustainability. Investment in environmental strategies has increased significantly over the past five years, with the vast majority of...

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Business & Money | Sunday 19 November, 2023 9:31 am

Sumou gets off-plan sale license for Ajwan project in Al Khobar

Sumou Real Estate Co. obtained on Nov. 16 the off-plan sale license for Ajwan project in Al Khobar, according to a statement to Tadawul.   The company signed on Sept. 11 an agreement to provide selling and marketing services for the one million square meter-Ajwan project in Al...

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Business & Money | Sunday 19 November, 2023 8:47 am

Saudi Cable inks SAR 140 mln working capital agreement

Saudi Cable Co. signed a working capital agreement worth SAR 140 million with Rawafid Al-Mustaqbal Investment Co., according to a statement on Tadawul.   This agreement includes cash financing and the purchase of raw materials to execute existing manufacturing orders. The deal aims...

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Business & Money | Sunday 19 November, 2023 8:43 am

Meet the Saudi Scientist elected to run WHO in the Middle East

WHO appointed the leading Saudi public health expert  Dr. Hanan Balkhi as Regional Director of its Eastern Mediterranean Office, after a vote from member states at the organization's regional committee meeting in Cairo last October. Saudi Health Minister, Fahd Al-Jalajel, commented that...

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Business & Money | Saturday 18 November, 2023 2:41 am

AED 23 billion worth of total deals signed during Dubai Airshow 2023: Tawazun Council

Tawazun Council, a government entity that works closely with the Ministry of Defense in the UAE, today signed 10 deals, worth AED 1.415 billion, with local and international companies on behalf of the Ministry of Defense on the fifth and final day of the Dubai Airshow 2023.This brings the total...

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Business & Money | Saturday 18 November, 2023 2:40 am

EDGE signs agreement with Roketsan to explore partnerships in smart weapon development

EDGE, one of the world's leading advanced technology and defence groups, and Roketsan, a leading Turkish company which designs, develops, and manufactures rockets, missiles, guided munitions, and weapon systems, signed an agreement today to explore potential partnerships in the smart weapons...

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Business & Money | Saturday 18 November, 2023 2:27 am

SAR signs MoU with Air Products to develop hydrogen fueling stations

Saudi Arabia Railways (SAR) signed a memorandum of understanding (MoU) with Air Products Qudra to develop hydrogen fueling stations for trains, Saudi Press Agency reported.   The move aims to design, build, and operate hydrogen fueling units in all SAR stations across the...

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Business & Money | Saturday 18 November, 2023 2:18 am

Saudia Technic Unveils New MRO 145 Capability for Helicopters at the Dubai Airshow

Saudia Technic, the leading maintenance, repair, and overhaul (MRO) service provider in the Middle East, is proud to announce the introduction of its new MRO 145 capability for helicopters at this year’s Dubai Airshow. This state-of-the-art capability is stationed at Saudia Technic’s advanced...

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Business & Money | Saturday 18 November, 2023 2:17 am

ENOC Group inks MoU with PT PERTAMINA PATRA NIAGA to foster global aviation business cooperation

a leading integrated global energy player, and PT PERTAMINA PATRA NIAGA, a Sub Holding Commercial & Trading of PT Pertamina (Persero), a state-owned enterprise wholly owned by the Government of The Republic of Indonesia, today signed a Memorandum of Understanding (MoU) to explore and assess the ...

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