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Saudi FlyAkeed secures $25.15 million to scale enterprise travel platform

Saudi Arabia-based corporate traveltech platform FlyAkeed has secured SAR 94.3 million ($25.15 million) in growth funding, combining an equity investment and Murabaha sukuk financing. The equity investment was led by Sanabil Investments, a PIF-owned investment company, with participation from Artal Capital, stc Group’s corporate venture capital fund tali ventures, and Aljazira Capital, while…

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Shipping industry welcomes the proposed inclusion of Indian ship recycling yards on the European List

BIMCO, European Shipowners | ECSA, the International Chamber of Shipping (ICS), INTERCARGO, INTERTANKO, and World Shipping Council (WSC) welcome the European Commission’s proposal to add two Indian…

  • BIMCO, ECSA, INTERCARGO, INTERTANKO, WSC support inclusion of Indian yards on EU List.
  • EU SRR calls for compliance of non-OECD recycling facilities.
  • Indian yards upgraded infrastructure to meet HKC, EU SRR standards.

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