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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Flyadeal is the low-cost arm of Saudia, the flag carrier of Saudi Arabia.
Aviation industry veteran Sanjiv Kapoor has taken over as the chief executive officer of Flyadeal, the low-cost airline owned by Saudi Arabian Airlines, the country’s flag carrier.
In May, Kapoor had joined the Saudia group, as Saudi Arabian Airlines is commonly known, as advisor to Ibrahim Al-Omar, the director general of the group. He had moved from Jet Airways, where he was CEO-designate.
Kapoor, who also had stints at Vistara and SpiceJet, takes over at Flyadeal at a time when the country is investing billions of dollars into its economy as it looks to diversify beyond its mainstay sector, oil. …
As part of a wider push to encourage transparency in the market, the CMA’s latest proposal seeks more clarity on how private capital moves around in the country.
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
