Saudi Arabia, Abu ­Dhabi media ­authorities ink collaboration deal

Maryam Al-Mheiri and Redha Al-Haidar signed the agreement. (twofour54)
Updated 05 November 2017

Saudi Arabia, Abu ­Dhabi media ­authorities ink collaboration deal

ABU DHABI: The media authorities of Saudi Arabia and Abu Dhabi have signed an agreement under which they seek to boost the industry regionally.
The memorandum of understanding was signed by the General Commission of Audiovisual Media (GCAM) of Saudi Arabia and Abu Dhabi’s Media Zone Authority (MZA), the regulatory body of the emirate’s twofour54 media zone.
The agreement aims to strengthen ties between both organizations and enhance the sharing of knowledge, according to a statement.
The two authorities will also collaborate on initiatives that will support the goal under Saudi Arabia’s Vision 2030 reform plan to foster job creation and boost small and medium enterprises in the media sector.
The agreement was signed by Maryam Al-Mheiri, CEO of the Media Zone Authority, and Redha Al-Haidar, general director of GCAM.
“At MZA, we actively support the growth of the region’s media industry as it contributes significantly to local GDPs and is a key economic driver in supporting governments’ diversification efforts,” Al-Mheiri said.
“The new agreement with GCAM reflects our ongoing commitment to the development of the region’s thriving media landscape.”
Al-Haidar said: “The media sector is an exciting and rapidly evolving industry — rich with opportunities for the youth of Saudi Arabia to learn, grow, and express their creativity. At GCAM we’ve been taking active steps to nurture this industry as per the National Transformation Program 2020, which has seen the complete revamping of the audiovisual media ecosystem.
“We are delighted to be partnering with MZA to exchange knowledge and create opportunities in the media sector for the Saudi and Emirati youth.
“We look forward to working with the region’s leading creative hub to share knowledge, best practice, and expertise that will help us achieve the bold vision outlined in Vision 2030.”


Emirates trims Boeing shopping list amid 777X delays

Updated 20 November 2019

Emirates trims Boeing shopping list amid 777X delays

  • The Middle East’s largest airline in 2017 signed an initial agreement to buy 40 Boeing 787-10s in a deal worth $15.1 billion
  • But Emirates’s purchases overhaul reduces the order to 30 planes

DUBAI: Emirates Airline on Wednesday slimmed down its purchasing plans with Boeing amid delays in delivering an order of 156 of the new long-range 777X aircraft, substituting instead 30 of its 787-9 Dreamliners.
The Middle East’s largest airline in 2017 signed an initial agreement to buy 40 Boeing 787-10s in a deal worth $15.1 billion, but the overhaul reduces that to 30.
At the same time, Emirates is cutting its 156-strong order of the larger 777X to 126 planes.
The restructuring means that the carrier now has just 156 aircraft ordered from Boeing, compared to 196 previously in both firm orders and initial agreements, an airline spokeswoman confirmed to AFP.
“Emirates reduced its 777X order of 156 to 126 and substituted them with the Dreamliners,” Emirates president Tim Clark told a news conference at the Dubai Airshow.
Boeing said the airline will update its order book “by exercising substitution rights and converting 30 777 airplanes into 30 787-9s.”
Emirates said in a statement that for the 777X, it “will enter into discussions with Boeing over the next few weeks on the status of deliveries.”
Emirates in 2013 signed a $76-billion contract for 150 Boeing 777X twin-engine aircraft, powered by GE’s new GE9X engine, in what was the single largest order by value in the history of US commercial aviation.
The order was subsequently increased to 156 planes.
The 777X was originally scheduled to take off on its first test flight this summer, however its development has been slowed by issues with the engine and Boeing has pushed back the timeframe to early 2021.
The delays also hit as Boeing is in the process of completing changes required by regulators on the 737 MAX, which has been grounded worldwide after two crashes that resulted in 346 deaths.