INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabia, China sign MoU to develop air transport cooperation

The MoU was signed between General Authority of Civil Aviation (GACA) President, Abdulaziz bin Abdullah Al-Dauilej,  and Civil Aviation Administration of China Administrator Song Zhiyong.
  • The MoU was signed during the visit to China of Saudi civil-aviation officials
  • The areas of cooperation outlined in the MoU include expanding the number of air transportation stops

Beijing, China – Saudi Arabia and China on Thursday signed a memorandum of understanding (MoU) to develop air transport cooperation.

The MoU was signed between General Authority of Civil Aviation (GACA) President, Abdulaziz bin Abdullah Al-Dauilej,  and Civil Aviation Administration of China Administrator Song Zhiyong.

It is part of the ongoing cooperation between the two countries in the air transportation sector.

The areas of cooperation outlined in the MoU include expanding the number of air transportation stops, promoting air traffic, and developing and regulating frameworks for cooperation in the field of transportation and air freight between the two nations.

The MoU also includes an initial consensus to update the existing agreement between the Kingdom of Saudi Arabia and China in this field, with the aim of enhancing global connectivity in line with Saudi Vision 2030 and the Saudi Aviation Strategy.

These efforts seek to enhance trade exchange and stimulate economic growth between the two countries.