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AVIATION-
Saudi Arabia + US look to boost cargo transit: Saudi Arabia and the US have signed an agreement to add an additional clause of operation to the existing 2013 US-Saudi Arabia Air Transport Agreement to expand the transportation of air cargo between the two countries, according to a statement. The amendment will allow Saudi airlines to transport cargo between the US and other countries without having to stop in the Kingdom, and vice versa for US carriers in Saudi Arabia.
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SHIPPING + MARITIME-
#2- Energy and marine services firm NMDC plans to acquire a GCC-based company by the end of this year, the company’s CEO Yasser Zaghloul told The National, without revealing further details. NMDC is also scanning global markets for potential acquisitions in fields related to the company’s portfolio, including marine, dredging, logistics, and construction sectors, Zaghloul said.
ICYMI- NMDC said recently that it was working on a GCC-based acquisition with details of the transaction set to be announced “soon.” The company is also eyeing developing new business units, including NMDC Construction and NMDC LNS.
OTHER STORIES WORTH KNOWING THIS MORNING-
- JED welcomes first British Airways flight: King Abdulaziz International Airport (JED) has welcomed the first direct British Airways flight from London’s Heathrow Airport. The airline is operating six weekly flights between the two airports. (Statement)
- Dubai Chamber opens Kazakhstan office: Dubai International Chamber has launched its representative office in Almaty, Kazakhstan to streamline trade and boost economic relationships between the two sides. (Wam)
