Israel’s Channel 13 fires CEO amid internal revolt

LONDON: A new report has revealed that the American e-commerce platform Etsy is conducting business with dozens of shops located in illegal Israeli settlements. Published jointly by the Institute for Journalism and Social Change, Global Justice Now, and War on Want, the report identified at least 44 Etsy stores operating in 16 different settlements considered … Read more

Zain KSA CEO Sultan bin Abdulaziz Al-Deghaither passes away

RIYADH: The CEO of Zain KSA, Sultan bin Abdulaziz Al-Deghaither, who is credited with turning around the company, passed away, the mobile telecommunications operator announced.  Al-Deghaither, who served as CEO for six years, led the company through a transformative period, eliminating over SR2 billion ($532.6 million) in accumulated losses and tripling its market capitalization.  Mourning … Read more

Saudi Ma’aden extracting lithium from seawater, CEO says  

RIYADH: Saudi Arabia is set to unveil a new tourism strategy this year utilizing artificial intelligence and seamless technology, according to a top official. Speaking to Arab News in an interview on the sidelines of the Future Aviation Forum 2024, Gloria Guevara Manzo, chief special adviser at the Ministry of Tourism, noted that the plan … Read more

PIF-owned helicopter firm eyes global expansion and IPO, says CEO

RIYADH: Saudi Arabia is set to unveil a new tourism strategy this year utilizing artificial intelligence and seamless technology, according to a top official. Speaking to Arab News in an interview on the sidelines of the Future Aviation Forum 2024, Gloria Guevara Manzo, chief special adviser at the Ministry of Tourism, noted that the plan … Read more

SAFE unveils expansion plans to transform aviation security: CEO

RIYADH: Saudi Arabia’s Public Investment Fund-owned commercial chopper operator, The Helicopter Co., is eyeing a global footprint and an initial public offering, revealed its CEO.  Speaking to Arab News on the second day of the Future Aviation Forum in Riyadh, Arnaud Martinez explained that once the company solidifies its position in the Saudi market, it … Read more

Electric passenger drones set for a year-end launch in Saudi Arabia, says Front End CEO

RIYADH: Saudi Arabia unveiled its first “State of Aviation” report, highlighting the sector’s contributions to the Kingdom’s economic growth, as industry leaders gathered for the Future Aviation Forum.  Speaking at the opening ceremony of the three-day event in Riyadh, Saudi Minister of Transport and Logistic Services Saleh Al-Jasser emphasized the unprecedented importance of aviation.  Saudi … Read more

Riyadh Air to unveil its crew uniform at Paris Fashion Week, says CEO

RIYADH: Saudi Arabia unveiled its first “State of Aviation” report, highlighting the sector’s contributions to the Kingdom’s economic growth, as industry leaders gathered for the Future Aviation Forum.  Speaking at the opening ceremony of the three-day event in Riyadh, Saudi Minister of Transport and Logistic Services Saleh Al-Jasser emphasized the unprecedented importance of aviation.  Saudi … Read more

Masdar City to lead $1.08bn innovation drive in energy and AI: CEO 

TOKYO/SINGAPORE: Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in US commercial stockpiles outweighed supply fears from heightened tensions in the Middle East, according to Reuters. Brent futures for June fell 40 cents, or 0.44 percent, to $89.62 a barrel by … Read more

Diriyah Co. CEO appointed UN Tourism ambassador 

RIYADH: Saudi historical destination developer Diriyah Co.’s CEO, Jerry Inzerillo, has been appointed as a UN Tourism ambassador, joining an elite group including Lionel Messi, Georgio Armani, and Placido Domingo.  The appointment was made during the global body’s first-ever sustainability week, being held in New York from April 15 to 19, according to a press … Read more

NEOM’s workforce anticipated to exceed 200k: CEO 

RIYADH: Saudi giga-project NEOM’s workforce is poised to surpass 200,000 as the Kingdom’s ambitious $500 billion-city enters its busiest development phase.   This significant increase in labor marks a crucial milestone in the Vision 2030 initiative, underscoring the project’s pivotal role in reshaping the Saudi economy.   NEOM, currently being built in the northwest of Saudi Arabia, has … Read more