Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector

Officials from the UAE and Brazil at the signing of the agreement. (WAM)
  • The MoUs were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO Air Services Negotiation (ICAN2023),
  • The GCAA chief said the UAE is eager to strengthen cooperation in the field of air transportation with various countries around the world

Riyadh, Saudi Arabia–The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and Switzerland to strengthen cooperation in the field of air transportation with Brazil and Switzerland.

The agreements were signed on the sidelines of the UAE delegation’s participation in the fifteenth ICAO Air Services Negotiation (ICAN2023), hosted by the Kingdom of Saudi Arabia in Riyadh.

The GCAA also held bilateral meetings with officials from civil aviation authorities in Russia, Jordan, and Lebanon, during which the prospects for bilateral cooperation and opportunities for its development towards more open and advanced levels were discussed.

Saif Mohammed Al Suwaidi, Director General of the GCAA said that the UAE is keen to develop and strengthen cooperation frameworks in the field of air transportation with various countries around the world, in a way that enhances bridges of communication with the international community and creates new commercial, investment, and tourism opportunities.

Al Suwaidi added that the The ICAN conference represents an ideal platform for discussing, communicating, and forging partnerships with various countries around the world, and the UAE always strives to be present and participate therein.