In conjunction with French President Emmanuel Macron’s state visit to Saudi Arabia, the flag low-cost carrier flynas has finalized a multi-year Rate Per Flight Hour (RPFH) agreement with CFM International for the LEAP-1A engines powering the airline’s fleet of 80 Airbus A320neo aircraft. The support agreement is valued at US$4 billion at list price pertaining
The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced the signing of five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin, a pioneer in clean and intelligent transport solutions. Signing of the agreements took place during an event in Jeddah, organized by the Ministry of
Manama, Kingdom of Bahrain: For two consecutive years, Gulf Air – the national carrier of the Kingdom of Bahrain – has received APEX’s Five Star Major Official Airline Rating at the APEX EXPO which was held in-person between 30 November and 2 December 2021. Based solely on certified passengers’ feedback, the rating comes as a
The year was 1945 — the average cost of a new house in the United States was $4,600, the average annual salary was $2,400, and the World War II was in its final throes. This was the heyday of magazine publishing and LIFE magazine was renowned for the excellence of its photographic essays and the
Fintech startup Lamaa secured a $5.5M seed round led by Raed Ventures and Saudi Aramco’s entrepreneurship arm Wa’ed. The investment comes in line with Saudi Arabia’s commitment to SMEs’ financial inclusion part of the kingdom’s vision 2030 push. Lamaa, a Riyadh-based fintech startup which provides invoice financing solutions for small and medium sized enterprises (SMEs), has announced
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