He reportedly intends to sell, next July, 50 million shares of the group.
- Dubai, UAE – Al-Futtaim Electric Mobility Company, the official distributor of Polestar in the UAE, have announced the official launch...
The deals were signed with one local company and four others from around the world.The total number of deals in these two days have been 10 contracts with a total value of AED16.52 billion ($4.5 billion)
The deals of the first day amounted to AED5.24 billion ($1.43 billion), including one with Airbus Defense
One of the four agreements is with Inmarsat, the world leader in mobile satellite communications, and GDC Technics, a leader...By virtue of this agreement, Saudi Airlines Group will become the first entity in the Kingdom to use the GX Aviation network to provide communication services during flights
The Group signed an agreement with Panasonic Avionics, in a unique step towards providing the finest audio-visual content viewing experiences for its guests
The deals were signed at the Saudi Trade Finance Summit.The first deal was with the Saudi British Bank with a value of SAR238 million (around $63.5 million)
The other two were credit-line agreements with Jordan’s Capital Bank and the National Bank of Iraq for $55 million
Emirates SkyCargo was the launch customer for the Boeing 777-F and the aircraft has been at the heart of the...Emirates SkyCargo has signed a purchase agreement with Boeing for two new Boeing 777-F aircraft,
Over the years, the Boeing 777 freighter has been a critical pillar of Emirates SkyCargo operations
The new decree-law is expected to, among other things, regulate job contracts and give workers more rights.The new law, meant for workers in the private sector, will come into effect from February 2 next year
It is said to embody a host of measures to ensure a safe, healthy, and business-conducive environment for all employees in the sector
Dubai Airshow and the UAE Space Agency will collaborate to position Dubai Airshow as a key platform for companies and...Dubai Airshow and UAE Space Agency sign MoU to coordinate strategies for enhancing space sector's presence in future events.
This year’s Dubai Airshow is the biggest edition of the event since it began in 1989, with around 85,000 visitors attending across the week.
The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting...A large order of 255 of Airbus' planes at the Dubai Airshow "completely justifies" a shift to ramping up manufacturing, the CEO said.
The United States has largely resumed, Europe is also resuming. Asia will probably take a little longer, Guilluame Faury said.
Prince of Monaco, Albert II has called Expo 2020 Dubai a "great opportunity" to enhance the cooperation between his country...The UAE and Monaco are centers of global exchanges, the prince said on the sidelines of Monaco's National Day celebration at Expo.
Monaco’s pavilion at Expo 2020 is located in the Opportunities District and is inspired by the legendary Rock of Monaco.
Abu Dhabi Waste Management Centre (Tadweer) has signed an agreement with Etihad Airways to facilitate the development of the first...The plant can convert 4 million tons of municipal waste every year into 140 million gallons of fuel.
The plant will help Abu Dhabi to divert 75 percent of municipal waste away from landfills.
US company Air Lease Corporation (ALC) has signed a letter of intent to purchase 111 Airbus aircraft, the European plane-maker...The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and seven A350Fs.
Founded in 2010, ALC has ordered a total of 496 Airbus aircraft so far.
