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Press Dossier   By Date  23/05/2023
Saudi Arabia’s budget airline flynas records 47% rise in Q1 revenue
Amid strategic expansion plans, Saudi Arabia’s low-cost airline flynas reported 47 percent growth in revenue in the first quarter of 2023 as compared to the same period last year, with the number of passengers reaching over 2.4 million.
CMA plans to list over 24 firms on Saudi stock market in 2023
Saudi Arabia has more than 24 initial public offerings lined up for 2023 as it seeks to create boost the economy and create financing channels for emerging sectors.
Aramco signs 3 deals with key steel pipe manufacturers in Kingdom
In a bid to secure a substantial supply of steel pipes, Saudi oil giant Aramco has signed three contracts estimated at around $493 million with the Kingdom’s leading steel pipe manufacturers.
TAQA to invest over $3bn in Uzbekistan’s power sector
Uzbekistan’s power sector is set to receive a major boost after the UAE-based utilities firm Abu Dhabi National Energy Co. announced plans to invest over $3 billion in new and existing power plants.
Saudi Arabian Industrial Investments Co. acquires a stake in Italian chemical manufacturer
Saudi Arabian Industrial Investments Co., also known as Dussur, has announced the acquisition of a stake in Italmatch Chemical, a global specialty chemical additive manufacturer based in Italy, the Saudi Press Agency reported.
Jeddah Islamic Port container volume surges 25% in April: Mawani
Improved operational capabilities at Jeddah Islamic Port led to a 25.07 percent surge in container throughput during April, according to a statement released by the General Authority for Ports, also known as Mawani.
Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021
Decelerating food prices drove Oman’s inflation levels to a 10-month low of 1.1 percent in April, according to the country’s National Center of Statistics and Information.
UAE, Egypt bid to boost investment partnerships
The UAE International Investors Council has signed a memorandum of understanding with the Egyptian-Emirati Business Council to enhance existing investment partnerships, the Emirates News Agency reported on Monday.
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