Economy, Geostrategy

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Saudi Arabia, China sign agreement on air transport

10 the aircraft are meant for its low-cost airline flyadeal.
By TRENDS Desk
October 4, 2022 1:50 pm
  • The pact was signed between the Saudi Arabia’s President of the Civil Aviation Authority Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his Chinese counterpart
  • It aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.

Riyadh, Saudi Arabia – Saudi Arabia and China have signed a memorandum of understanding to cooperate in the air transportation services. 

The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his counterpart the President of Civil Aviation of China. 

The MoU was inked on the sidelines of the meetings of the 41st general assembly of the International Civil Aviation Organization (ICAO) in Montreal, Canada, from September 27 through October 7, 2022.

The agreement aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

3 ways travel drives economic growth while enhancing global connections and sustainability

WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…