Boeing expects demand to be back to pre-pandemic levels by 2024, says top official

  • DOHA: Boeing anticipates global demand to see about 4 percent annual growth year over year for the next two decades, expecting to be back to pre-pandemic levels by 2024, said Omar Arekat, the company’s Middle East and Africa VP of commercial sales and marketing. He added that the growth fo...
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Saudi Makkah, Madinah to see 110,000 new hotel rooms by 2030: Colliers

  • RIYADH: Saudi Makkah and Madinah are expected to see the addition of 110,000 rooms by 2030 to cater for Hajj pilgrims, a report has claimed. Over 100,000 rooms are expected to be supplied across the Gulf Cooperation Council area by 2026, with the total supply estimated to exceed 1 million roo...
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UK-GCC trade deal could be finished in a year: Minister

  • RIYADH: UK trade talks with the Gulf countries would be concluded in 12 to 18 months, Britain’s Minister of International Trade Anne Marie Trevelyan has revealed.  The UK has started talks on a free trade agreement with six Gulf countries in the latest round of negotiations aimed at stre...
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Saudi food delivery app Jahez to start operation in Bahrain on June 26

  • RIYADH: Saudi food delivery platform Jahez will start commercial operations at its Bahraini unit on June 26, it said in a bourse filing. The company started trial operations in Bahrain almost a month earlier as part of its expansion strategy to enhance Jahez’s footprint in the Gulf Cooperatio...
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Biden administration leans on Tesla for guidance in renewable fuel policy reform

  • US President Joe Biden rarely mentions electric car maker Tesla Inc. in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by ...
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NEOM appoints founding president of its flagship university

  • RIYADH: NEOM on Wednesday announced the appointment of Dr. Andreas Cangellaris as the founding president of NEOM U – the megacity city’s first university.  Dr. Cangellaris is joining NEOM from the University of Illinois Urbana-Champaign, where he is the M. E. Van Valkenburg Professor in ...
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Emirates aiming to have full fleet flying in 2022 as it narrows loss: Top officials 

  • DOHA: Emirates airline still hasn’t achieved pre-pandemic revenue levels, but its goal is to have the entire fleet flying in 2022, its president Tim Clark told Arab News. At the International Air Transport Association’s Annual General Meeting in Doha, Clark discussed COVID-19 and its repercus...
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Talks begin on GCC-UK deal to boost trade by at least 16%

  • RIYADH: Negotiations aimed at boosting trade between the UK and the Gulf Cooperation Council countries, which currently stands at $34 billion, began in Riyadh on Wednesday. UK Trade Secretary Anne-Marie Trevelyan met GCC Secretary-General Nayef Falah M. Al-Hajjraf to launch the trade talks, a...
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UK launches Gulf trade deal as Riyadh talks begin

  • LONDON: The UK is launching a significant trade deal with the six Gulf Cooperation Council member states, the government announced. The agreement targets mutual investment, tariff reductions, and knowledge transfer. UK Secretary of State for International Trade Anne-Marie Trevelyan was on Wed...
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Saudi Cabinet gives green light to Bank of Jordan to open branches in the Kingdom 

  • RIYADH: The Saudi government gave a green light to the Bank of Jordan to open branches in the Kingdom to practice banking activities, Saudi Press Agency reported.  King Salman chaired the Cabinet’s session at Al-Salam Palace in Jeddah on Tuesday. Listed on the Amman Stoc...
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