抖阴短视频

抖阴短视频 to acquire 4 Airbus A330 MRTTs to boost air capabilities

抖阴短视频 to acquire 4 Airbus A330 MRTTs to boost air capabilities
The A330 MRTT is a new-generation tanker and transport aircraft, holding a 90 percent market share globally outside the US. Airbus
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Updated 10 July 2024

抖阴短视频 to acquire 4 Airbus A330 MRTTs to boost air capabilities

抖阴短视频 to acquire 4 Airbus A330 MRTTs to boost air capabilities

RIYADH: 抖阴短视频 is set to bolster its air capabilities with four additional Airbus A330 MRTTs, aimed at enhancing the Royal Saudi Air Force鈥檚 critical refueling and transport operations.聽

The initial Multi Role Tanker Transport aircraft from the order will undergo modification starting in early 2026 to fit its intended role, with all four expected to be operational by 2027, the company said in a press release.聽

This aligns with the Kingdom鈥檚 goal of strengthening its defense sector, emphasizing localization as a top priority, with 抖阴短视频 targeting to domesticate 50 percent of its defense spending by 2030.聽

抖阴短视频鈥檚 aviation sector is also expanding significantly, supported by investments worth billions of dollars under its Vision 2030 plan aimed at diversifying the economy away from fossil fuels and boosting the private sector.聽聽

鈥淭his is the third contract signed by 抖阴短视频 for the A330 MRTT, making the RSAF one of the largest MRTT operators in the world,鈥 said Jean-Brice Dumont, head of air power at Airbus Defense and Space.聽

Additionally, the contract includes a logistics support package covering spare parts, training services, and service support for the four new aircraft.聽

The A330 MRTT is a new-generation tanker and transport aircraft, holding a 90 percent market share globally outside the US, with 82 orders from 15 countries across Europe, Asia, the Americas, and Oceania.聽

All RSAF A330 MRTTs feature hose and drogue pods, a boom system, and refueling receptacles that enable refueling from boom-equipped tankers.聽

In a post on X, Walid Abukhaled, CEO of SAMI, said: 鈥淭his agreement signed by the Ministry of Defense with Airbus to transfer the technology and knowledge of 鈥楢irbus A330 MRTT,鈥 the aerial refueling transport aircraft, to the Kingdom through our joint venture, SAMIAirbus, is a step-in support of our efforts to improve the Saudi defense industries and achieve Saudi Vision2030鈥檚 objectives to localize our defense spending.鈥澛犅

Airbus entered into an industrial participation agreement with the General Authority for Military Industries in January, supporting Vision 2030鈥檚 goal of diversifying the economy through regional industrial development.聽

This agreement also includes technology transfer and knowledge sharing of the RSAF A330 MRTT to local firms. SAAMS, a joint venture of 抖阴短视频n Military Industries and Airbus, will lead local industrialization efforts, the release added.聽

In February, during the World Defense Show in Riyadh, 抖阴短视频鈥檚 Ministry of Defense signed 17 contracts and two memorandums of understanding with local and global companies aimed at enhancing the Kingdom鈥檚 armed forces鈥 military readiness, strengthening their capabilities, and improving combat efficiency.


Webuild reports no hiccup on NEOM activities after mega project CEO鈥檚 departure

Webuild reports no hiccup on NEOM activities after mega project CEO鈥檚 departure
Updated 6 sec ago

Webuild reports no hiccup on NEOM activities after mega project CEO鈥檚 departure

Webuild reports no hiccup on NEOM activities after mega project CEO鈥檚 departure

LONDON: Italy鈥檚 construction group Webuild told Reuters on Tuesday its activities connected to 抖阴短视频鈥檚 NEOM are continuing in line with the plan, after the infrastructure mega project鈥檚 long-time CEO left the role last week.

鈥淲ebuild has no evidence of changes in the activity plan initially set for the projects it is implementing, nor has it recorded any delay in payments,鈥 the company said.

NEOM, a Red Sea urban and industrial development nearly the size of Belgium due to house nearly 9 million people, is central to 抖阴短视频鈥檚 Vision 2030 plan to create new engines of economic growth beyond oil.

Webuild, which has been active in 抖阴短视频 for 60 years, is building a system of three dams that will feed an artificial lake in the Trojena area and a high-speed railway called the Connector. 


Riyadh鈥檚 office space to see major expansion by 2026, driven by regional HQ program: Knight Frank

Riyadh鈥檚 office space to see major expansion by 2026, driven by regional HQ program: Knight Frank
Updated 4 min 55 sec ago

Riyadh鈥檚 office space to see major expansion by 2026, driven by regional HQ program: Knight Frank

Riyadh鈥檚 office space to see major expansion by 2026, driven by regional HQ program: Knight Frank
  • Saudi capital to see 1m sq. meters of new office space in two years

RIYADH: 抖阴短视频鈥檚 push for regional headquarters has spurred demand for office space in Riyadh, with the capital鈥檚 stock set to grow by 1 million sq. meters by 2026, a report showed.

According to global property consultancy Knight Frank鈥檚 Autumn 2024 抖阴短视频 Commercial Market Review, this will bring the city鈥檚 total office space to 6.3 million sq. meters.

The regional HQ program also impacts office lease rates, with 517 companies now committed to establishing their primary hub in the Kingdom, the report disclosed.

This comes ahead of the nation鈥檚 goal of attracting approximately 480 multinational corporations to move their headquarters to the Kingdom by 2030.

鈥淰ision 2030 is reshaping 抖阴短视频鈥檚 economy and society, with a central focus on transforming Riyadh into a key regional and global center for business, finance, leisure, and tourism,鈥 said Faisal Durrani, partner and head of research for the Middle East and North Africa at Knight Frank.

鈥淚ndeed, 49 percent of the new jobs created in the Kingdom over the last five years has been in Riyadh, which is adding to the upward pressure on office rents, with many key office districts and business parks fully leased, with waiting lists,鈥 Durrani added.

He went on to say that the limited availability of office space is also forcing up Riyadh鈥檚 Grade B rents, which have climbed by 27 percent over the past year.

In the Dammam Metropolitan Area region, Grade A rents have climbed by 2.2 percent since the third quarter of 2023, fueled mainly by strong demand from the public sector, he added.


Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA

Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA
Updated 36 min 10 sec ago

Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA

Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA

RIYADH: Spending in Saudi hotels saw a week-on-week increase of 11.4 percent between Nov. 10 and 16, reaching SR399.7 million ($106.4 million), according to the Kingdom鈥檚 central bank.

The weekly point-of-sale transactions bulletin from SAMA showed that restaurants and cafes recorded the second largest sectoral increase with a 4.3 percent rise to reach SR2.07 billion, which also equated to the biggest share of the overall value.

Spending on furniture came in third place, registering a 2 percent increase to SR304.8 million.

Overall, 抖阴短视频鈥檚 POS transactions registered a weekly decrease of 1.5 percent, with the education sector leading the decline.

SAMA recorded SR13.2 billion in transactions over the week, with the education industry posting the highest sectoral decrease at 47.9 percent to reach SR89.5 million.

The central bank鈥檚 figures showed that the electronics sector saw the second-largest dip, with a 10.9 percent slide to SR198 billion.

Spending on telecommunication recorded the third most significant decrease, at 7.4 percent, reaching SR117.1 million. 

Expenditure on food and beverages saw a 0.6 percent negative change this week, reaching SR1.9 billion, claiming the second-biggest share of this week鈥檚 POS transaction value.

Spending on miscellaneous goods and services followed, accounting for the third largest POS share with a 4.1 percent dip, reaching SR1.5 billion.

Spending in the leading three categories accounted for 42 percent or SR5.5 billion of the week鈥檚 total value.

At 0.02 percent, the smallest increase occurred in spending on recreation and culture, boosting total payments to SR309.5 million. Expenditures on public utilities surged by 0.2 percent to SR52.9 million. 

Geographically, Riyadh dominated POS transactions, representing 34.06 percent of the total, with expenses in the capital reaching SR4.5 billion 鈥 a 3.5 percent decrease from the previous week. 

Jeddah followed with a 0.04 percent surge to SR1.8 billion, and Dammam came in third at SR641.4 million, down 4.6 percent.

Madinah experienced the most significant rise in spending, increasing 6.9 percent to SR567 million.

Tabuk recorded a decline of 7.5 percent, reaching SR235.9 million, and Abha dropped 3.4 percent to stand at SR149.4 million.


Japan, Saudi medical centers unite to revolutionize stem cell therapy

Japan, Saudi medical centers unite to revolutionize stem cell therapy
Updated 20 November 2024

Japan, Saudi medical centers unite to revolutionize stem cell therapy

Japan, Saudi medical centers unite to revolutionize stem cell therapy
  • Cytori Therapeutics K.K., has been a pioneer in the stem cell therapy business

TOKYO:  Cytori Therapeutics Japan and the King Abdullah International Medical Research Center have signed a Memorandum of Understanding to strengthen research and training initiatives in the field of cell therapy. 

The signing ceremony took place between Dr. Ahmed Alaskar, executive director of KAIMRC, and Hoshino Yoshihiro, president and CEO of Cytori Therapeutics K.K., during the Riyadh Global Medical Biotechnology Summit 2024.

The partnership underscores the potential of regenerative medicine in treating chronic diseases such as diabetes, liver cirrhosis, critical limb ischemia, chronic wounds, knee osteoarthritis and other aging-related conditions. The aim of combining Cytori鈥檚 cutting-edge stem cell technology with KAIMRC鈥檚 expertise in translational research is to develop groundbreaking treatments for these critical health issues.

The two organizations will collaborate on fundamental research, clinical trials and other areas of mutual interest, including projects in biomedical R&D, preclinical studies and clinical trials, as well as training and development for staff in health-related and engineering fields.

Cytori Therapeutics K.K., has been a pioneer in the stem cell therapy business, specializing in cell therapy services and the development of adipose-derived regenerative cells from human subcutaneous fat tissues for therapeutic use. The company also develops, manufactures, and exports medical devices. 

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Oil Updates 鈥 prices little changed as market weighs mixed drivers

Oil Updates 鈥 prices little changed as market weighs mixed drivers
Updated 20 November 2024

Oil Updates 鈥 prices little changed as market weighs mixed drivers

Oil Updates 鈥 prices little changed as market weighs mixed drivers

SINGAPORE: Oil prices held steady for a second day on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia and signs of growing Chinese crude imports offset data showing US crude stocks rising.

Brent crude futures dipped 5 cents to $73.26 a barrel by 8:41 a.m. Saudi time. US West Texas Intermediate crude futures was flat at $69.39 per barrel.

The escalating war between major oil producer Russia and Ukraine has kept a floor under the market this week.

鈥淲e may expect (Brent) oil prices to stay supported above the $70 level for now, as market participants continue to monitor the geopolitical developments,鈥 said Yeap Jun Rong, market strategist at IG.

On Tuesday, Ukraine used US ATACMS missiles to strike Russian territory for the first time, Moscow said. Russian President Vladimir Putin lowered the bar for a possible nuclear attack.

鈥淭his marks a renewed build up in tensions in the Russia-Ukraine war and brings back into focus the risk of supply disruptions in the oil market,鈥 ANZ analysts said in a note to clients.

On the demand side, US crude oil stocks rose by 4.75 million barrels in the week ended Nov. 15, market sources said on Tuesday, citing American Petroleum Institute figures.

That was a bigger build than the 100,000 barrel increase analysts polled by Reuters were expecting.

Gasoline inventories, however, fell by 2.48 million barrels, compared with analysts鈥 expectations for a 900,000-barrel increase.

Distillate stocks also fell, shedding 688,000 barrels last week, the sources said.

Official government data is due later on Wednesday.

In a boost to oil price sentiment, there were signs that China, the world鈥檚 largest crude importer, may have stepped up oil purchases this month after a period of weak imports.

Data from vessel tracker Kpler showed China鈥檚 crude imports are on track to end November at or close to record highs, an analyst told Reuters.

Weak imports by China so far this year have pulled down oil prices, with Brent sinking 20 percent from its April peak of more than $92 a barrel.