Spirit Airlines deferred a shareholder vote on Frontier Group Holdings Inc’s merger offer for the budget carrier until next week. Spirit signed a cash-and-stock deal with rival Frontier to form a new no-frills airline and compete against big national carriers. The Justice Department is suing JetBlue over a partnership with American Airlines. Frontier calls the … Read more
CAIRO: In a bid to switch to clean energy, Egyptian authorities signed an agreement with a private sector company to develop a mechanism to manage the operations of electric vehicles in the country, Arab News reported. The Engineering Automotive Industry Co, a subsidiary of the Holding Company for Metallurgical Industries with Bright Skies. Minister of Public Business … Read more
RIYADH: The Saudi Ports Authority, or Mawani, has signed an agreement with Cruise Saudi and Globe Marine Services Company to develop a cruise terminal and berths at ports in Dammam and Yanbu, Arab News reported. Under the agreement, a new cruise terminal and two berths will be developed at the King Abdul Aziz Port in Dammam. Two … Read more
DUBAI: The UAE Ministry of Defence has signed a contract to purchase two Airbus A330 Multi Role Tanker Transport (MRTT) for 2.6 billion dirhams ($680 million), Arab News reported. The new aerial re-fuelling tanker aircraft will add to the ministry’s existing fleet of three A330 MRTTs, it announced in a press conference. The ministry also signed deals … Read more
KARACHI: The Sui Southern Gas Company (SSGC) and the Sui Northern Gas Pipeline Limited (SNGPL) signed a memorandum of understanding for jointly exploring opportunities for improving business sustainability, efficiency and productivity of the meter manufacturing plant located in SSGC, Karachi, a statement said. Ali J Hamdani, managing director of SNGPL and Imran Maniar, managing director … Read more
KARACHI: Mastercard has signed a strategic partnership with the Pakistani intelligent transport systems provider, One Network, to digitalise the country’s road toll payments network, an official said. The partnership was signed at the Pakistan Pavilion in Expo 2020 Dubai, where Mastercard is the official payment technology partner, in the presence of Frontier Works Organisation, Pakistan’s … Read more
RIYADH: Saudi Arabia and Oman have signed two agreements to enhance cooperation in land and air transport, Arab News reported. “The memorandums of understanding aim at exchanging experiences between the two sides and enhance cooperation in these sectors,” the kingdom’s Ministry of Transport and Logistics said in a statement after the signing in the capital, Riyadh. The … Read more
RIYADH: Saudi Aramco signed five initial deals as it plans to expand its focus on emerging sectors to drive private sector innovation and investment, Arab News quoted its statement, as saying, during the Future Investment Initiative. “The company is pursuing investment opportunities in projects that could potentially reduce Greenhouse Gas (GHG) emissions, following the recent announcement of … Read more
KARACHI: The Special Technology Zone Authority (STZA) and Khadim Ali Shah Bukhari (KASB) Institute of Technology (KASBIT) have signed a memorandum of understanding (MoU) to develop a Special Technology Zone for the provision of a high-tech business environment to companies, including startups, SMEs and multinationals so that the innovation sector can be promoted in Pakistan, … Read more
ISLAMABAD: A ‘Sister City Agreement’ has been signed between China’s Qingdao city and Faisalabad, an official said on Thursday. In a tweet, Minister of State for Information and Broadcasting Farrukh Habib said that the agreement will lead to cooperation in areas, including industry, people-to-people contacts, business-to-business cooperation, culture, tourism, education and science and technology. This … Read more
RIYADH: The Saudi-Moroccan Business Council has signed four memoranda of understanding to strengthen partnership in tourism, electricity, renewable energy, logistics and food sectors, Arab News reported. The council also revealed plans to launch the “Two Kingdom’s Forum and Exhibition” in Jeddah in the first quarter of 2022. Ali Al-Yami, head of the council, said a list of … Read more
ATHENS: Greece, Cyprus and Egypt have signed an electricity agreement that could include Egyptian solar power and potentially supply power to other European countries, Arab News reported. The protocol was signed during a meeting between Greek Prime Minister Kyriakos Mitsotakis and the presidents of Egypt, Abdel Fattah El-Sisi, and Cyprus, Nicos Anastasiades, in Athens. The deal concerns … Read more
