RAS AL-KHAIMAH, UAE: Three strategic multistakeholder agreements to facilitate public-private cooperation were signed during the 10th Arab Aviation Summit that concluded in the UAE, Emirates News Agency reported on Friday.
Organized in Ras Al-Khaimah, the 10th edition focused on sustainable aviation as a catalyst for driving growth and prioritising climate action in the Middle East market.
Industry leaders called for renewed commitments to reduce emissions and implement decarbonization strategies to transition the sector to a greener future.
The agreements included a deal between Ras Al-Khaimah Tourism Development Authority and the FTI Group in Germany to increase air connectivity between the two destinations.
Discussions during the three-day summit centered on providing quality training as the region experiences a surge in demand for aviation professionals.
Meanwhile, panel discussions focused on sustainable aviation fuels and the role of collaboration in strengthening the growth of the sector.
In her keynote address, Sheikha Mozah bint Marwan Al-Maktoum called for inclusivity in the aviation industry.
Adel Al-Ali, the summit chairperson and group CEO of Air Arabia, highlighted the need for mainstreaming sustainable practices and technologies across the industry, while also calling for greater collaboration among all stakeholders.
Raki Phillips, CEO of RAKTDA, emphasised the importance of choosing partnerships that will lead the industry into the future, while Mikail Houari, president of Airbus Africa Middle East, discussed the region’s commitment to sustainability as a key pillar to expand the sector.
The event concluded on Mar. 16 with calls for greater collaboration among all stakeholders to deliver sustainable solutions in order to meet the growing demand for travel worldwide.
Strategic agreements to facilitate public-private cooperation signed during Arab Aviation Summit in UAE
https://arab.news/mrhw6
Strategic agreements to facilitate public-private cooperation signed during Arab Aviation Summit in UAE
- Forum focuses on sustainable aviation as a catalyst for driving growth and prioritising climate action in the Middle East market
- Industry leaders call for renewed commitment to reduce emissions and implement decarbonization strategies
Closing Bell: Saudi main index closes in green at 10,917
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 4.86 points, or 0.04 percent, to close at 10,917.04.
The total trading turnover of the benchmark index was SR3.95 billion ($1.05 billion), as 102 of the listed stocks advanced, while 147 retreated.
The MSCI Tadawul Index increased, up 0.54 points, or 0.04 percent, to close at 1,467.06.
The Kingdom’s parallel market Nomu lost 85.41 points, or 0.36 percent, to close at 23,357.50. This comes as 19 of the listed stocks advanced, while 46 retreated.
The best-performing stock was Tourism Enterprise Co., with its share price surging by 10 percent to SR13.53.
Other top performers included Al Yamamah Steel Industries Co., which saw its share price rise by 8.64 percent to SR39.22, and Anaam International Holding Group, which saw a 4.05 percent increase to SR12.59.
Alramz Real Estate Co. saw its share price rising by 3.95 percent to close at SR61.85, while Umm Al Qura for Development and Construction Co. closed at SR18.08, marking a 3.67 percent increase in share price.
On the downside, the worst performer of the day was Saudi Industrial Export Co., whose share price fell by 3.72 percent to SR2.59.
ACWA Power Co. saw its share price fall 3.54 percent to SR177.20, while Naseej International Trading Co. declined 3.08 percent to SR29.56.
Moreover, the share price of Rabigh Refining and Petrochemical Co. dropped 2.95 percent to close at SR6.57, while Nice One Beauty Digital Marketing Co. saw its share price dropping 2.65 percent to SR17.97.
On the announcement front, Alinma Capital has declared a cash dividend distribution totaling SR6.55 million for unitholders of the Alinma Saudi Government Sukuk ETF Fund.
The dividend, covering the period from July to December, amounts to SR0.162 per unit and represents approximately 1.56 percent of the fund’s net asset value as of Jan. 15.
Its share price closed at SR10.42 on the main market, marking a 0.1 percent increase.
Also, Itmam Consultancy Co. has been awarded a significant project by the Digital Government Authority to develop digital investment skills within the public sector.
The contract, officially granted on Jan. 19, is valued at more than 5 percent of the company’s total 2024 revenue.
According to a statement, the program aims to equip government employees with the expertise needed to enhance digital government investment efficiency, focusing on software license development aligned with legal and technical standards.
Its share price remained unchanged on Nomu at SR16.40.
