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Press Dossier   By Date  23/07/2024
Demand for industrial and logistics assets in Dubai and Abu Dhabi surges 185%: Knight Frank
Industrial and logistics asset demand in Dubai and Abu Dhabi surged 185 percent year-on-year to 18 million sq. feet in the first half of 2024, a new report showed.
Closing Bell: Saudi main index slips to close at 12,174
Saudi Arabia’s Tadawul All Share Index slipped on Monday, losing 28.17 points, or 0.23 percent, to close at 12,174.76.
Saudi logistics platform OTO secures $8m funding for UAE and Turkiye expansion
Saudi logistics platform OTO is set to expand into the UAE and Turkiye, following a successful SR30 million ($8 million) series A funding round.
Flydubai says expansion plans hindered by Boeing delays
Dubai-based carrier flydubai’s fleet expansion plans have been hit by delays to Boeing’s aircraft delivery schedule, the airline said on Monday.
Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
Saudi Arabia and Egypt are set to boost energy cooperation following a meeting between top officials to expand ties in petroleum, gas, electricity, renewable energy, and hydrogen.
National Housing Co. partners with Korean firm Naver to boost smart city solutions in the Kingdom
The Saudi real estate sector is set to embrace advanced technologies after the National Housing Co. partnered with Korean tech firm Naver Corp. to enhance smart city solutions.
Riyadh Air signs 5-year deal to use GE Aerospace’s software
Riyadh Air signed a five-year agreement on Monday to use GE Aerospace’s flight operations software, the airline has announced.
Saudi GACA, Germany’s Lilium sign MoU to boost air mobility roadmap
Saudi Arabia’s General Authority of Civil Aviation has inked a deal with German electric vertical take-off and landing vehicle manufacturer Lilium, propelling the Kingdom’s advanced air mobility roadmap.
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