RIYADH: Saudi Arabia’s new global airline RIA is in talks with Etihad CEO Tony Douglas to head up the new player in the aviation industry, reported Arabian Business. Saudi Arabia’s Public Investment Fund, which has invested $30 billion in the new airline, is reported to be confident about securing Douglas’ services as the CEO of RIA. Douglas has been heading Etihad since
DUBAI: Aramex, one of the largest logistics firms in the Middle East, has scrapped its limits on foreign ownership, according to a Bloomberg report. The report revealed that Aramex has decided to raise the foreign ownership limit to 100 percent from 49 percent, becoming the first UAE-based company listed in Dubai to do so. European logistics firm Geopost SA holds 24.9 percent