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Matarat Holding Company
Matarat Holding Company (), formerly the Saudi Civil Aviation Holding Company (SAVC) (), is a state-owned closed joint-stock company based in Riyadh, Saudi Arabia that offers services in aviation management. Established in 2013 by the country's General Authority of Civil Aviation, it today operates all of Saudi Arabia's 29 Airport, civilian airports through its four wholly owned subsidiaries. History and background The Saudi Civil Aviation Holding Company was established on 13 April 2013, through a decision of the Board of Directors of the General Authority of Civil Aviation. Its establishment was based on the Royal Decree No. (M / 78) dated 20 /11/1429 Islamic calendar, AH, corresponding to 18 November 2008 issued by Abdullah of Saudi Arabia, King Abdullah, that allows privatization of Saudi Arabia's aviation sector under the General Authority of Civil Aviation. In an interview with Al Eqtisadiah, ''al-Eqtisadiah'' in September 2013, Fahd bin Abdullah Al Saud, Prince Fahd bin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010s Oil Glut
The 2010s oil glut was a significant surplus of Petroleum, crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes. They include general oversupply as Unconventional (oil & gas) reservoir, unconventional US and Canadian tight oil (shale oil) production reached critical volumes, geopolitical rivalries among oil-producing nations, falling demand across commodities markets due to the deceleration of the Chinese economy, and possible restraint of long-term demand as environmental policy promotes fuel efficiency and steers an increasing share of energy consumption away from fossil fuels. The world price of oil was above United States dollar, US in 2012, and remained relatively strong above $100 until September 2014, after which it entered a sharp downward spiral, falling below $30 by January 2016. OPEC production was poised to rise further with the lifting of international sanctions against Iran, at a time when markets already appeared to be oversupplied by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Riyadh
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management Institute
The Project Management Institute (PMI, legally Project Management Institute, Inc.) is a U.S.-based not-for-profit professional organization for project management. Overview PMI serves more than five million professionals including over 680,000 members in 217 countries and territories around the world, with 304 chapters and 14,000 volunteers serving local members in over 180 countries. Its services include the development of standards, research, education, publication, networking opportunities in local chapters, hosting conferences and training seminars, and providing accreditation in project management. PMI has recruited volunteers to create industry standards, such as " A Guide to the Project Management Body of Knowledge", which has been recognized by the American National Standards Institute (ANSI). In 2012, ISO adapted the project management processes from the ''PMBOK Guide'' 4th edition. History In the 1960s, project management as such began to be used in the US aero ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Exchange
Saudi Exchange () or Tadāwul () is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such with only 14 listed companies through the 1970s and began to acquire some formal status as the Saudi Company for Share Registration in 1980. It is regulated by the Capital Market Authority but has become partially self-regulating since 2018. It lists 239 publicly traded companies on the main market (as of 10 October 2024). It is among the world's largest stock exchanges, with a market capitalization exceeding US$3 trillion in July 2024. As of 31 December 2020, its trading hours are 10:00 AM to 3:10 PM, Sunday to Thursday. On 26 February 2017, the Saudi Parallel Market (Nomu) was launched as a parallel equity market with lighter listing requirements to provide companies an alternative platform for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King Abdulaziz International Airport
King Abdulaziz International Airport (IATA airport code, IATA: JED, ICAO airport code, ICAO: OEJN, colloquially referred to as Jeddah Airport, Jeddah International Airport, or KAIA), is a major international airport serving the cities of Jeddah and Mecca in Saudi Arabia, located north of Jeddah and covering an area of . The airport is the busiest in the kingdom and the third-largest by land area. It is also one of List of the busiest airports in the Middle East, the busiest airports in the Middle East. Opened in 1981, it was built to replace the now-demolished Kandara Airport and is named after the founder of Saudi Arabia, King Abdulaziz. The airport shares its airfield with the Royal Saudi Air Force, RSAF King Abdullah Air Base, and has a royal terminal and three operational passenger terminals, including a Hajj Terminal built exclusively to handle increased traffic during the Islamic Hajj pilgrimage season. It serves as the largest hub for Saudia, the Saudi flag carrier, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Qaisumah/Hafr Al Batin Airport
Hafar al-Batin–Qaisumah International Airport (, ) is an airport serving Qaisumah, a village near the city of Hafar al-Batin in Eastern Province, Saudi Arabia. The airport itself is about southeast of Hafar al-Batin. The airport began in 1962 as a dusty runway for a Dakota aircraft which was used at that time for transporting Saudi Aramco employees between stations in the northern region. Today, the airport has a 3000 metres runway capable of handling Boeing 737, a total of 11 million square metre area, a passenger terminal, a sewage system and a water treatment and stand-by power plant. Facilities The airport resides at an elevation of above mean sea level. It has one runway designated 16/34 with an asphalt surface measuring . Airlines and destinations Airlines offering scheduled passenger service: See also * Hafar al-Batin Domestic Airport (King Khaled Military City Airport), located at . * Abha International Airport * List of Airports in Saudi Arabia This is a li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Ahsa International Airport
Al-Ahsa International Airport (, ) is a public airport in Al-Hofuf city, serving Al-Ahsa Governorate, Saudi Arabia. History In 1945, Al-Ahsa International Airport was originally built as an airstrip. In 1985, the airport was upgraded with a short runway, serving as an alternative landing ground to King Fahd International Airport. During Operation Desert Shield and the Gulf War in 1991, it served as an air base for the French Air Force. General Authority of Civil Aviation The General Authority of Civil Aviation (GACA) () is the regulator of Saudi Arabia's civil aviation sector. It was established in 1934 as the Civil Aviation Administration () to oversee the air traffic control of Saudi Arabia. It is responsible ... (GACA), which is Saudi Arabia's civil aviation regulator, formally approved the airport's international status in 2011. A GACA study predicted that the airport was expected to grow by 300,000 passengers per annum between 2015 and 2020. Around 300,000 expatriate w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King Fahd International Airport
King Fahd International Airport (; KFIA) , also known as Dammam International Airport or simply Dammam Airport or King Fahd Airport, is the international airport serving Dammam, Saudi Arabia. The airport is located 31 kilometres (19 miles) northwest of downtown Dammam and is named after the former King of Saudi Arabia, Fahd ibn Abdulaziz (1921–2005). The airport serves the entire Eastern Province of Saudi Arabia and is one of the four primary international airports in the kingdom. After its construction it became a US airbase used primarily during the Gulf War, the airport has been overseeing commercial operations since 28 November 1999 and has since expanded to provide connections to 43 destinations. Before King Fahd International, the primary airport serving the region was the much busier Dhahran International Airport, which has since been converted for military use and is now designated the King Abdulaziz Air Base. Since 1 July 2017, the airport has been operated and mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Saudi Arabia
The economy of Saudi Arabia is highly reliant on its petroleum sector. Oil accounts for approximately 30% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year. The kingdom has the second-largest proven petroleum reserves, and the fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is a permanent and founding member of OPEC. In 2016, the Saudi government launched its Saudi Vision 2030 program to reduce its dependency on oil and diversify its economic resources. By 2022, Saudi Arabia had only modestly reduced its dependence on oil. Monetary policy in Saudi Arabia is anchored by the fixed exchange rate of the Saudi Riyal to the U.S. Dollar. Nearly every maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
