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10031 - 10040 from 16527 . In "BUSINESS"



Saudi Aramco and Total sign the FEED agreement
Aramco, Total sign FEED agreement for Jubail petrochemical complex
By Saeed HaiderSaudi GazetteDHAHRAN — President and Chief Executive Officer of Saudi Aramco Amin H. Nasser, and Patrick Pouyanné, Chairman and Chief Executive Officer of Total, signed here Monday the joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail.In a move to further develop downstream industries in the Kingdom, the project will also provide feedstock for other petrochemical and specialty chemical plants located in the Jubail industrial area and beyond, representing an additional $4 billion investment by third party investors, benefitting the Saudi economy. The overall complex will represent an investment of approximately $9 billion and is expected to create 8,000 local direct and indirect jobs.Announced in April...
October 08, 2018

Aramco, Total sign FEED agreement for Jubail petrochemical complex

ME ports
Mideast ports’ future success hinges on innovative practices
JEDDAH — Ports across the Middle East have enjoyed success by building high-quality infrastructure to serve the large cargo volumes flowing through the region, a new report by The Boston Consulting Group (BCG) entitled “Will Middle Eastern Ports Continue to Succeed?” revealed.From 2011 through 2016, the compound annual growth rate (CAGR) of container throughput was measured at 4 percent, which exceeded the global average. Moreover, the throughput growth rates of other types of seaborne cargo have also been impressive. But as is often the case, following a period of strong growth, there are causes for concern. Overcapacity, exposure to transshipment, and lagging port productivity threaten to slow or even reverse the upward trajectory of the region’s ports. Hence, ports in the...
October 08, 2018

Mideast ports’ future success hinges on innovative practices

ADNOC and BHGE Form a Strategic Partnership - English Infographic
ADNOC enters into partnership to boost drilling efficiencies
ABU DHABI — The Abu Dhabi National Oil Company (ADNOC) and Baker Hughes, a GE company, on Monday signed a strategic partnership agreement that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake in ADNOC Drilling. The transaction values ADNOC Drilling at approximately $11 billion. BHGE will be the sole provider of certain proprietary leading-edge and differentiated equipment and technologies related to the integrated drilling offering, supporting ADNOC Drilling’s growth. Together, ADNOC and BHGE will deliver more competitive well completion times, greater drilling efficiencies and better well economics, and will...
October 08, 2018

ADNOC enters into partnership to boost drilling efficiencies

Bahrain to implement VAT effective Jan. 1, 2019
MANAMA – The parliament in Bahrain has approved on Sunday the introduction of Value Added Tax (VAT) which will be effective starting January 1, 2019 at the expected standard rate of 5%, based on a recent report by Gulf Daily News. With the aim to support businesses in Bahrain, Deloitte has been regularly holding series of awareness seminars to make companies ready for VAT. Being prepared is critical because VAT is generally a self-assessed tax, with errors often subject to severe penalties and business disruption. Businesses that have been operating in a largely non-tax environment should have started to prepare and analyze in detail what the implications of the new tax will be.During October 2018, Deloitte will hold a new series of tax seminars which will be covering VAT fundamentals,...
October 08, 2018

Bahrain to implement VAT effective Jan. 1, 2019




The Saudi Agriculture Exhibition 2018 kicks off on Sunday at the Riyadh International Convention and Exhibition Center
Saudi Agriculture 2018 focuses on aquaculture, organic farming
RIYADH — The Saudi Agriculture Exhibition 2018, under the patronage Eng. Abdulrahman Al-Fadley, Minister of Environment, Water and Agriculture, and organized by Riyadh Exhibitions Company was inaugurated on Sunday at the Riyadh International Convention and Exhibition Center (RICEC). With the participation of agriculture officials and regional and international investors, the exhibition, in its bid to help ensure food self-sufficiency, provides local and international companies with a global venue to showcase their latest agricultural technologies and services, specifically focusing on animal and aquatic plantations, crop farms, organic agriculture, and fish farming. The Saudi Aquaculture Society and the Saudi Organic Farming Association are among the strategic partners of the Saudi...
October 08, 2018

Saudi Agriculture 2018 focuses on aquaculture, organic farming




Khalid Al-Falih, Minister of Energy, Industry, and Mineral Resources launches MODON’s new identity
MODON unveils new identity & strategy
By Samar YahyaSaudi GazetteRIYADH — The Saudi Industrial Property Authority (MODON) launched its new identity and strategy for the coming period in Riyadh on Sunday.MODON is overseeing 35 industrial cities under development in various parts of the Kingdom, as well as «MODON Oases” in Al Ahsa, Jeddah, Qassim, Al Jouf and Yanbu to be the industry leader in promising areas.“The existing industrial cities include more than 3,000 productive factories, with about 400,000 employees, as well as over 6,000 industrial, service and logistics contracts. MODON also supervises two technological zones, and seeks to allocate additional zones to attract the latest technological investments, in addition to supervising 13 private industrial cities,” said Khalid Al-Falih, Minister of Energy,...
October 08, 2018

MODON unveils new identity & strategy

LuLu Tabuk
LuLu Hypermarket in Tabuk slated to open on October 10
TABUK — LuLu Hypermarket is geared to launch the newest addition to its international pool of hypermarkets in Tabuk, Kingdom of Saudi Arabia on Oct. 10, 2018. The most anticipated opening will increase its store count to 154 and will unveil the 14th branch in the country. Today, LuLu remains to be the household name in the retail industry not only in KSA, but moreover across the Middle East, India, and Far East. Strategically located at Tabuk Park Mall, the new hypermarket covers a total built-up area of more than 145,000 square feet. With the signature LuLu design aesthetic, the single-level shopping facility features a conducive and spacious store layout and organized product stations. The first division is dedicated to grocery items and freshly made hot food, while the other division...
October 08, 2018

LuLu Hypermarket in Tabuk slated to open on October 10

Saeed Mohamed Al Tayer, Chairman, World Green Economy Organization; and Dr. Frank Rijsberman, Director-General of GGGI
WGEO, GGGI launch initiative for funding of smart green cities
DUBAI — The World Green Economy Organization (WGEO) and the Global Green Growth Institute (GGGI) signed a partnership agreement on Monday in Dubai to fast-track green investments into bankable smart city projects. The joint initiative makes it possible for smart green cities and sustainable infrastructure projects to gain access to grants and investments through the WGEO Trust Fund. 60 bankable smart green city projects worth a total of $1.1 billion are being delivered by GGGI to this initiative over the next 3 years. Each project benefits from the explicit support of host government, and as such present a competitive advantage to interested investors. Committed to supporting a transition to a green economy, the joint project between WGEO and GGGI will serve as a platform to identify,...
October 08, 2018

WGEO, GGGI launch initiative for funding of smart green cities





Inaugural of LG Air Conditioning Academy expansion
LG-Shaker Air Conditioning Academy in Riyadh expanded
SHAKER Group, the sole distributor for LG Air Conditioners in Saudi Arabia, has inaugurated the expansion and advancement of its integrated LG Air Conditioning Academy. The Academy, funded by LG Air Conditioners, was announced at Shaker›s premises in Riyadh and attended by LG & Shaker top management and representatives.The Academy embraces a wide range of LG Commercial Air Conditioning solutions demonstrating pre-sales solutions with the ultimate goal of providing industry-leading after-sales services.Azzam Saud Almudaiheem, Chief Executive Officer at Shaker Group, said: “The launch of the Academy establishes the parallel strategic directions of Shaker & LG as they endeavor to provide the best Product Knowledge and education about advanced technologies in LG Air Conditioning products....
October 08, 2018

LG-Shaker Air Conditioning Academy in Riyadh expanded





Photo of ETE Group officials
BigChefs opens branch in Riyadh
BIGCHEFS opened in Riyadh Park Mall, Riyadh City, the third branch after Al-Khobar and Jeddah. The event was attended by a number of ambassadors and diplomats, headed by Turkish Ambassador Erdogan Kok, Ambassador of Lebanon Dr. Fawzi Kabara and a number of businessmen.They were welcomed by Eng. Murhaf Bu-Khamseen the CEO ETE Group, the master franchisee of BigChefs Restaurants in KSA and Bahrain, the co-founder of BigChefs Mrs. Gamze Cizreli and the General Manager of the Eastern Co. for Trading Services Ahmad Cham.Eng. Murhaf Bu-Khamseen said the success of Al-Khobar branch and its presence made us seek to spread in a deliberate manner in KSA and today we are celebrating the opening of the third branch of BigChefs restaurants in KSA, in Riyadh Park Mall, which is the most important...
October 08, 2018

BigChefs opens branch in Riyadh

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