Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

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.