Author: Steven Sahiounie

RIYADH: Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network.

Airlines will fly nearly five billion passengers in 2024 and revenues will soar close to $1 trillion, both record highs, trade body IATA said on Monday as the industry roars back after the pandemic.

Microsoft said Monday it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the country.

When Michael Bommer found out that he was terminally ill with colon cancer, he spent a lot of time with his wife, Anett, talking about what would happen after his death.

Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine that Moscow claimed to have annexed in 2022, the heads of Sberbank and VTB said on Tuesday. Russian President Vladimir Putin moved to annex Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions in September 2022, following what Ukraine said were sham referendums. The move was condemned by many countries as illegal. Russian forces only partly control the four regions. State-owned Promsvyazbank, which has focused on state employees and the defense sector since it was bailed out by the central bank in 2017, has already…

Japanese transport officials inspected Toyota’s headquarters Tuesday after the top-selling automaker and four others including Honda and Mazda admitted failure to fully comply with national vehicle inspection standards.

Saudi Arabia’s non-oil business activity expanded at a slower pace in May as growth in new orders fell to a 25-month low, a business survey showed on Tuesday.

they discussed aspects of cooperation and ways to enhance and develop them, as well as explored ways to exchange knowledge

Business confidence in Kuwait reached its highest level so far this year in May 2024, S&P Global said in a report, driven by output and new orders rising at the sharpest rates in almost four years.

The CEO of Al Ahli Bank of Kuwait has resigned with effect from Thursday and will be replaced by the general manager of corporate banking on an acting basis.