RIYADH: Saudi Arabia’s trade industry witnessed 104,000 commercial registrations in the first quarter of 2024, marking a 59 percent year-on-year growth, according to official data. This comes as the Ministry of Commerce issued 65,363 permits during the same period in 2023, according to the quarterly business sector bulletin. The spike in numbers brings the total number … Read more
RIYADH: Travelers to Saudi Arabia will be able to enjoy greater flight availability thanks to the Kingdom’s flynas airline increasing its capacity by 25 percent. In a release, the firm noted this came as it completed the acquisition of two Airbus A320neo airplanes, indicating improved operational capabilities. This will allow for more than 1.2 million seats for … Read more
FRANKFURT: Hapag-Lloyd and Maersk have signed an agreement for a new long-term collaboration as they strive to transport a combined 3.4 million containers via 290 vessels more reliably and sustainably, the two shipping companies said on Wednesday. As part of the so-called Gemini Cooperation which starts in February 2025, the pair have set an ambitious target of delivering schedule reliability … Read more
DUBAI: As Saudi Arabia enters another busy event season, including grand city-based celebrations in Riyadh and Diriyah, a host of new entertainment ventures powered by new technology are opening up in the Kingdom. The latest move came in October when the Kingdom announced it was investing $55 million in HyperSpace, a three-year-old Saudi startup that designs … Read more