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The agreement was formally signed by Saleh Eid, Vice President of Fleet Management at Saudia Group, and Benoît de Saint-Exupéry, Executive Vice President of Sales for Commercial Aircraft at Airbus.
Saudia Group signs deal with Airbus for flyadeal’s first wide-body aircraft
Saudi Gazette reportTOULOUSE — Saudia Group signed a deal with Airbus to order the first wide-body aircraft for flyadeal as it expands its operational capabilities.The agreement includes up to 20 A330neo aircraft, with 10 firm orders allocated to flyadeal — its first venture into the wide-body segment.Renowned for its fuel efficiency, extended range, and operational versatility, the A330neo supports Saudia Group’s strategy to broaden its network and introduce new international destinations. Aircraft deliveries are scheduled to begin in 2027 and conclude in 2029.The signing ceremony took place at the Airbus factory in Toulouse, France, in the presence of Engr. Ibrahim Al-Omar, Director General of Saudia Group, and Christian Scherer, CEO of Airbus’ Commercial Aircraft business. The...
April 24, 2025

Saudia Group signs deal with Airbus for flyadeal’s first wide-body aircraft

A Boeing 737 MAX 8 intended for a Chinese airline is returned to a Boeing airfield, as trade tensions escalate over US tariffs on Chinese imports
China sends Boeing planes back to US over tariffs
WASHINGTON — China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.Kelly Ortberg said two planes had already been returned and another would follow after trade tensions between the two countries escalated.Boeing's chief executive told CNBC that 50 more planes were due to go to China this year but their customers had indicated they will not take delivery of them.The US put 145% tariffs on imports from China and it hit back with a 125% tax on US products.Speaking in the Oval Office on Tuesday, Trump said he was optimistic about improving trade relations with China, saying the level of tariffs he had imposed would "come down substantially, but it won't be zero".However, Ortberg said China...
April 24, 2025

China sends Boeing planes back to US over tariffs

Bayut.sa launches “Journey to your Dream Home” campaign, demonstrating the ease of using its Website/App
Bayut.sa, the leading real estate marketing platform in the Middle East and North Africa and a subsidiary of Dubizzle Group, has launched its first campaign in Saudi Arabia under #Journey_to_your_Dream_Home. The campaign aims to highlight the platform’s features and its advanced property search experience.This initiative focuses on presenting bayut.sa as a prop-tech platform aligned with the growing demand in the Saudi real estate market, driven by the nation’s economic and urban development.Since its launch, bayut.sa has facilitated the search of homes in Saudi Arabia and introduced various innovative features, including the “Search 2.0” tool, which allows users to find properties near their preferred locations, based on driving time. The platform also provides a range of services...
April 23, 2025

Bayut.sa launches “Journey to your Dream Home” campaign, demonstrating the ease of using its Website/App

OMODA&JAECOO kicks off '2 Years 2gether' global celebration
RIYADH — Two years ago, OMODA&JAECOO embarked from Shanghai, captivating the automotive world with its distinctive personality-driven DNA. Today, as the fastest-growing car brand globally, it returns in triumph to Shanghai, ready to unveil a new chapter of evolution and celebrate its 2 years anniversary. Marking this milestone, OMODA&JAECOO proudly launches its "2 Years 2gether" global celebration — not merely a commemoration, but a tribute to an extraordinary journey. From its Shanghai origins to global prominence, OMODA&JAECOO has achieved a remarkable transformation in just 24 months, capturing the industry's attention.The "2 Years 2gether" celebration kicks off with "My Journey with OMODA&JAECOO," a cross-cultural festivity unfolding worldwide....
April 22, 2025

OMODA&JAECOO kicks off '2 Years 2gether' global celebration

SNB net income rises to SR6bn, registering highest-ever quarterly results
RIYADH — The Saudi National Bank (SNB), the largest bank in Saudi Arabia, announced a net income of SR6.0 billion for the first quarter of 2025, representing its highest-ever quarterly financial results. This marks a year-on-year growth of 19% compared to the first quarter of 2024.On a quarterly basis, net income grew sequentially by 8%. These exceptional financial results are being delivered as a part of successful execution on SNB’s strategy.In a statement published on the Saudi Exchange (Tadawul), SNB attributed the strong growth in net income to an 8% increase in total operating income, which reached SR9.6 billion. This performance was supported by a 5% rise in net special commission income, and a 16% increase in fee and other income.Total assets increased to SR1.2 trillion,...
April 22, 2025

SNB net income rises to SR6bn, registering highest-ever quarterly results

Abdulrahman Alfageeh.
Abdulrahman Al-Fageeh named among Gulf Business Top 100 Arabs of 2025
RIYADH — Eng. Abdulrahman Al-Fageeh, CEO of SABIC, has been named among Gulf Business magazine’s Top 100 Arabs 2025 list, recognizing the most influential figures shaping the Arab world and beyond.Gulf Business highlighted Al-Fageeh as one of the most dynamic leaders of the year, citing his expanding global influence and the significant role he continues to play in advancing the petrochemical sector.The annual list is compiled based on four primary criteria: financial capital, human capital, expansion strategies, and public profile.Al-Fageeh’s inclusion reflects his leadership in navigating global challenges and reinforcing SABIC’s long-term resilience, particularly through strategic initiatives like the Fujian Petrochemical Complex in China.Al-Fageeh heads one of the largest...
April 21, 2025

Abdulrahman Al-Fageeh named among Gulf Business Top 100 Arabs of 2025

Kudu announces a strategic partnership with the Saudi "Mohra" team participating in the Formula 1 Academy races
Kudu Foods and Catering Company, one of the leading national companies in the food and restaurant sector and a symbol of food transformation in the Kingdom, announced the signing of a partnership agreement with the Saudi "Mohra" team.Under this partnership, Kudu will be the " Team supporter " for the Mohra team during its participation in the Formula 1 Academy races, hosted by the Jeddah Corniche Circuit as part of the supporting races for the Saudi Arabian Grand Prix STC Formula 1, from April 18 to 20, 2025.This partnership comes as part of Kudu's ongoing commitment to its social responsibility and its support for empowering women in various fields, especially in specialized sports that require passion and high skill, such as car racing.On this occasion, Mr. Rakan...
April 18, 2025

Kudu announces a strategic partnership with the Saudi "Mohra" team participating in the Formula 1 Academy races

stc group redefines connectivity at FORMULA 1 STC SAUDI ARABIAN GRAND PRIX 2025
stc group celebrates the fifth consecutive year as Title Partner, blending cutting-edge technology with the excellence of motorsport. Advanced 5G network, smart IoT services, and AI-integrated solutions ensure unmatched connectivity, efficiency and sustainability at the Jeddah Corniche Circuit. Interactive booths and physical games further elevate the fan experience at the Grand Prix. stc group, the region’s leading digital enabler, is powering the FORMULA 1 STC SAUDI ARABIAN GRAND PRIX 2025 with state-of-the-art connectivity solutions, ensuring unmatched digital experience both on and off the circuit.As the Title Partner of this global sporting spectacle for the fifth consecutive year, stc continues to bring “limitless drive” to life, elevating the motorsport...
April 17, 2025

stc group redefines connectivity at FORMULA 1 STC SAUDI ARABIAN GRAND PRIX 2025

A woman checks herself out with a mobile phone as she tries a gold necklace during the 6th Edition of ASJAD Jewellery Exhibition at Alhazm Mall in Doha, Qatar, on 24 October 2024
Gold hits new record over US-China trade war fears
LONDON — Gold has jumped to a fresh high as investors fret over the impact of the trade war between the US and China.Spot gold touched $3,357.40 (£2,540) per ounce on Wednesday, before dipping from its peak. It has risen by around a third since the start of the year.The rise follows comments by the head of US central bank who said President Donald Trump's tariff policies are likely to mean slower growth, higher prices and unemployment risks.The precious metal is viewed as a safer asset for investors during times of economic uncertainty.At the Economic Club of Chicago on Wednesday, Federal Reserve chair Jerome Powell said higher-than-expected tariffs announced in recent weeks could result in slowing US economic growth and rising prices for consumers.Powell gave his speech after a...
April 17, 2025

Gold hits new record over US-China trade war fears

A container ship is seen at the port in Qingdao, in China's eastern Shandong province on April 15, 2025
China posts unexpectedly strong economic growth before tariffs bite
HONG KONG — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect.Growth in its gross domestic product (GDP) hit 5.4% in the first quarter, the National Bureau of Statistics (NBS) said on Wednesday. That was considerably higher than the expectations of more than 50 economists surveyed by Reuters, who had predicted expansion of 5.1%, and continues a recent run of surprisingly strong export-driven growth seen at the end of 2024.“The national economy had a steady and good start, continuing the upward trend,” Sheng Laiyun, deputy director of the NBS, told a news conference. “However, we must also see that the current external environment is becoming more complex and severe, and...
April 16, 2025

China posts unexpectedly strong economic growth before tariffs bite

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