Saudia Cargo kicked off on May 22 its twice-a-week passenger-as-freighter flights to Denmark’s capital Copenhagen, widening its route network in Scandinavia for pharmaceuticals and perishables. Saudia Airlines’ B777-300 passenger planes with 140-ton payload capacity per flight are being utilized as “preighters” on the route scheduled for Wednesday and Saturday. “We have seen a
(Bloomberg)
The Abu Dhabi Investment Authority added another senior hire to its in-house data analysis and artificial intelligence team, set up by the sovereign fund to develop new investment strategies.
DOHA: Hwang Ui-jo scored a brace as South Korea thumped Turkmenistan 5-0 on Saturday to regain first place in Group H in the second phase of Asian World Cup qualifying. It was South Korea’s third win in four matches, the only blip being a goalless draw against Lebanon in November 2019 before COVID-19 played havoc with the competition. The Lebanese had taken first place by
DUBAI: Vision Fund, the high-tech investment group, is on the verge of its first big backing for a Saudi Arabian company, Arab News can reveal. The fund, which has raised about $130 billion of investment money in two separate rounds of fundraising, will back a Saudi messaging company, Rajeev Misra, the CEO, told Arab News. “We are on the cusp of making our first investment in
DUBAI: More multibillion-dollar Vision Funds that will invest in high-technology startups around the world, including in Saudi Arabia, are being planned over the coming years. Rajeev Misra, the chief executive of the business that currently oversees $130 billion of high-tech global investment, told Arab News that further funds are planned once the cash from Vision Fund 2 is