عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Arabia, China Sign MoU to Develop Air Transport Cooperation

The MoU was signed during the visit to China of Saudi officials as part of ongoing cooperation between the two countries in air transportation. SPA
The MoU was signed during the visit to China of Saudi officials as part of ongoing cooperation between the two countries in air transportation. SPA
TT
TT

Saudi Arabia, China Sign MoU to Develop Air Transport Cooperation

The MoU was signed during the visit to China of Saudi officials as part of ongoing cooperation between the two countries in air transportation. SPA
The MoU was signed during the visit to China of Saudi officials as part of ongoing cooperation between the two countries in air transportation. SPA

General Authority of Civil Aviation (GACA) President Abdulaziz bin Abdullah Al-Dauilej on Thursday signed a memorandum of understanding (MoU) in the field of air transportation with Civil Aviation Administration of China Administrator Song Zhiyong.
The MoU was signed during the visit to China of Saudi civil-aviation officials as part of the ongoing cooperation between the two countries in the air transportation sector.
The areas of cooperation outlined in the MoU include expanding the number of air transportation stops, promoting air traffic, and developing and regulating frameworks for cooperation in the field of transportation and air freight between the two nations.
The MoU also includes an initial consensus to update the existing agreement between the Kingdom and China in this field, with the aim of enhancing global connectivity in line with Saudi Vision 2030 and the Saudi Aviation Strategy.
These efforts seek to enhance trade exchange and stimulate economic growth between the two countries.

Most Viewed

 
 
Business

Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
TT
TT

Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday.

The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Bank Al Maghrib was also exploring a central bank digital currency (CBDC), Reuters quoted him as saying.
"Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion," he said.