Saudi Arabia’s low-cost airline Flyadeal is swiftly changing the landscape of budget carriers in the Middle East. The airline, which operates as a subsidiary of the national carrier Saudia, is focused on becoming a significant player in both regional and international markets. Flyadeal’s ambition aligns with the Kingdom’s larger goals for aviation and tourism as...
Saudi state oil giant Aramco is exploring potential asset sales as a strategy to raise funds while pursuing international expansion and managing the impacts of lower crude prices. According to two sources familiar with the situation, the company has engaged investment bankers to propose ideas on how to leverage its assets for financial gain. As...
Abu Dhabi’s state-owned energy giant Adnoc has received key unconditional antitrust approval from the European Commission for its proposed €14.7 billion ($16.3 billion) acquisition of the German chemicals group Covestro. This decision, granted late Tuesday, eliminates a significant regulatory hurdle, clearing the path for the largest international deal in Adnoc’s history. The European Union concluded...
Dubai International Chamber has successfully facilitated the expansion of TouchForce IT Solutions, a Dubai-based provider of consulting, integration solutions, and IT outsourcing services, into the Nigerian market. This move marks a significant step for TouchForce as it aims to tap into new business opportunities in Africa. The chamber’s representative office in Lagos played a crucial...
Deepal has officially launched the DEEPAL S07 in the UAE, which is the company’s first market in the Middle East and Africa. This comes after the DEEPAL S07 was recently released in Singapore and Hong Kong, showing that the car is an important part of Changan Auto’s global plan. The DEEPAL S07 is more than...