INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Kuwait Airways signs spare parts pact with seven Arab airlines

Airfares for departing flights from Kuwait have fallen more than incoming flights.
  • Under the agreement, spare parts will be shared in emergency cases.
  • The agreement was signed on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare parts in emergency cases, said the company’s Chairman, Captain Ali Al-Dukhan.

Al-Dukhan affirmed that the signing came on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

He added that several topics were discussed during the General Assembly, the most important is reducing the carbon emissions and reaching the net-zero in 2050.

He also noted that the meeting discussed the pillars of air policies to recover from the COVID19 repercussions, stressing the vital role played by the air transport sector as a main driver of the global economy. (KUNA)