INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Saudi Arabia to ban import of trucks older than five years

The authority said the step aims at raising the efficiency and competitiveness of the Kingdom’s transport sector.
  • Saudi Arabia's Public Transport Authority said the decision will take effect on May 5, 2022
  • It applies to all heavy transport trucks designed for transporting goods and includes locomotives, trailers, and semi-trailers

Saudi Arabia has declared a ban on the import of trucks older than five years in order to raise the efficiency and competitiveness of the kingdom’s transport sector.

Saudi Arabia’s Public Transport Authority said the decision will take effect on May 5, 2022. It applies to all heavy transport trucks designed for transporting goods and includes locomotives, trailers, and semi-trailers.

The operational age shall be calculated from the beginning of January of the year of manufacture.

The authority said the step aims at raising the efficiency and competitiveness of the Kingdom’s transport sector. It will also contribute to reducing carbon emissions. In addition to reducing fuel consumption, it will also help reduce maintenance and operational costs, the authority said.