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In "BUSINESS"
October 09, 2018
New UAE space law to revolutionize yet unexplored sector
RIYADH — Saudi Customs succeeded in completing the customs procedures for more than 1,373,000 customs declarations during the first half of 2018.Faisal Saad Albedah, Deputy Governor for Trade Facilitation, Saudi Customs, pointed out that the volume of exports and imports during the mentioned period exceeded 66 million tons with a value of SR365,715,910,000. He added that more than 80% of Saudi Customs declarations are cleared within an average of 24 hours, and many shipments receive direct clearance before they reach the Customs’ ports.Albedah also confirmed that the ongoing transformation has contributed in achieving the objectives of the 24-hour clearance program launched by the Saudi Customs late last year. Through reducing the number of documents needed for import and export, and...
October 09, 2018
New Saudi Customs clearance
procedures enhance shipments
RIYADH — GCC countries have been working towards diversifying their economies to become independent of petroleum. One of the major focus areas for the nations of the region has been tourism and the subsequent investment in the entertainment industry. In an attempt to provide exclusive and immersive experience, the industry has had to rely majorly upon new technological advances. According to industry expert, Sharif Rahman, CEO, International Expo Consults (IEC), organizers of DEAL 2019, “The amusement, entertainment and leisure industry in the GCC countries have come a long way. Saudi Arabia has been opening up its entertainment industry with comic book festivals, dance performances, concerts and monster truck rallies. With the help of all the reforms and the investments, the kingdom...
October 09, 2018
Advances in technology
to help Saudi amusement
& entertainment industry
RIYADH — Al Hokair Group, one of Saudi Arabia’s most respected brands within the hospitality industry sector, aims to further expand in 2019 to address the growing demand in the country. With several new themeparks and other entertainment destinations and the growing religious tourism market sector, the company plans to fast track its plans. The Group currently works with several international Hotel chains that include Hilton, Holiday Inn, Radisson, Inter Continental Hotels Group, Accor International Hotels, Carlson Rezidor Hotel Group and Marriott Hotels Group among several others.Expressing his strong confidence in the hospitality sector, Sami Al Hokair, Chairman of the Al Hokair Group, said “our hospitality side of the business is rapidly growing, and we aim to consolidate our...
October 09, 2018
Al Hokair to build more
hotels in the Kingdom
amid growing demand
October 09, 2018
IMF cuts global growth
forecast for 2018, 2019
amid increasing risks
DUBAI — Elm, a leader in innovative digital solutions, is all geared up to participate at the upcoming GITEX Technology Week 2018 to showcase its world-class quality products for the information and communications technology (ICT) sector. GITEX, which will be held from 14-18 October at Dubai World Trade Centre, will host more than 3,700 exhibitors from 12 specialized sectors, set to attract over 500,000 visitors from 77 countries.Elm is participating in one of the most important and biggest technology exhibitions for the 9th consecutive year to showcase its latest innovations on automated processes designed to boost economic performance and save time, effort and human capital. Majid Saad Al Arifi, Marketing Executive Vice President and Elm spokesperson, said the company is excited to...
October 09, 2018
Elm set to showcase
innovations at GITEX
Technology Week ’18
RIYADH — Al Watani Wealth Management Company, a subsidiary of NBK Group, has officially launched its operations in the Saudi market, offering investment funds management, discretionary portfolios management, deal arranging, advisory services, and custody arrangements. Last year, Al Watani Wealth Management received necessary approvals from the Capital Market Authority of Saudi Arabia (CMA) to operate in the local securities sector after it has successfully fulfilled all regulatory requirements.Isam Jassim Al-Sager, NBK Group Chief Executive Officer, said: “Al Watani Wealth Management Company embarks on its journey in the Saudi market with great potential to serve our clients as it draws from a deep well of expertise and professionalism, building on our experienced and dedicated team of...
October 09, 2018
Al Watani Wealth Management Co. launched in Saudi Arabia
October 09, 2018
Aramco-BAPCO’s new pipeline
to meet Bahrain energy demand
October 09, 2018
SAUDIA increases flights to Los Angeles, Singapore, Abu Dhabi
October 09, 2018
Danube Online showcases
eCommerce future at forum
