INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.