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10041 - 10050 from 16513 . In "BUSINESS"
Consolidation trend continues among banks in the Gulf: Study
JEDDAH — Consolidation has been an ongoing theme over the past two to three years for GCC banks, particularly amongst state-owned enterprises, as the Abu Dhabi authorities continue to reshape their economy due to lower oil prices, Indosuez Wealth Management said in a report released Sunday.The merger of First Gulf Bank and National Bank of Abu Dhabi in 2017 created the UAE’s largest bank, First Abu Dhabi Bank, with $188 billion in assets as at H1 2018. The potential merger between Abu Dhabi Commercial Bank, Union National Bank, and Al Hilal Bank will create an entity with approximately $113 billion of assets (using H1 2018 figures), making it the fifth largest lender in the GCC and third biggest in the UAE. Abu Dhabi has also merged several state investment funds, including Mubadala...
October 07, 2018

Consolidation trend continues among banks in the Gulf: Study

Naif Alabdulkareem, SABB General Manager Retail Banking and Dr Nejib Ben Khedher, Senior Vice President, Emirates Skywards, sign the agreement in Riyadh
SABB and Emirates Skywards launch Visa co-branded credit card
SABB, Emirates Skywards and Visa have partnered to launch the SABB Emirates Visa Signature Credit Card. The first Emirates Skywards co-branded card in Saudi Arabia, the card offers customers the opportunity to earn Skywards Miles whilst enjoying a range of benefits both in Saudi Arabia and internationally. The agreement was signed at a ceremony in Riyadh, by Naif Alabdulkareem, SABB General Manager Retail Banking and Dr Nejib Ben Khedher, Senior Vice President, Emirates Skywards, in the presence of David Dew, SABB Managing Director, and Adil Al Ghaith, Senior Vice President, Commercial Operations, for Emirates, and, Andrew Torre, Visa’s Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA), along with a number of senior executives from SABB, Emirates and Visa....
October 07, 2018

SABB and Emirates Skywards launch Visa co-branded credit card

Visa-SAMA Security Week launched
THE Saudi Arabian Monetary Authority (SAMA), represented by the National Payments System – mada, and the world’s leader in digital payments, Visa, launched on Sunday Visa’s Security Week, an education campaign that aims to promote safe online shopping habits and provide consumers in the Kingdom of Saudi Arabia with tips and advice to protect themselves against payment-related fraud. This builds on last year’s KSA Security Week and emphasizes Visa’s commitment, as the leading digital payments company in the Kingdom, to protecting shoppers online and supporting the growth of the eCommerce market in Saudi Arabia, in line with Vision 2030.Visa and SAMA surveyed consumers across Saudi Arabia regarding eCommerce and online payments, providing compelling insights into their...
October 07, 2018

Visa-SAMA Security Week launched

LG’s SmartThinQ app makes doing home chores effortless
IN the Middle East & Africa (MEA) region, LG offers a wide variety of products and solutions to help parents save time and effort doing home chores and at the same time spend more time to care for their families. An example is the TWINWash washing machine, whereby two laundry loads can be washed at the same time.“Time is the only commodity that we can never get back, and during this back-to-school season, we believe it is important for parents to spend as much time as possible to help their children adjust to the new lifestyles that they will have for the remainder of that scholastic year,” said Kevin Cha, President LG Electronics Middle East & Africa. “Our solutions are developed to help homemakers ensure that their families receive the best quality of care possible further...
October 07, 2018

LG’s SmartThinQ app makes doing home chores effortless

Mohammed Dadabhai, Chairman of Dadabhai Group, cuts the ceremopnial ribbon in the presence of  John Paul Alukkas, Executive Director, Joyalukkas Group,  Quresh Dadabhai, among others.
Joyalukkas inaugurates 3rd showroom in Bahrain
JOYALUKKAS inaugurated its third showroom in Bahrain to cater to its patrons with a collection of unmatched jewelry inspired from the cultures across the world. The showroom was inaugurated by Mohammed Dadabhai, Chairman of Dadabhai Group, in the presence of John Paul Alukkas, Executive Director, Joyalukkas Group, Quresh Dadabhai, other dignitaries and various customers.“The love and trust showered by our patrons have inspired us to open a brand new showroom in Bahrain,” said John Paul Alukkas, Executive Director, Joyalukkas Group. “Our philosophy of delivering quality jewelry, handcrafted with unique designs has made every moment and occasion memorable for our patrons across the world. With the launch of our new showroom, we are conveniently reaching closer to our patrons...
October 07, 2018

Joyalukkas inaugurates 3rd showroom in Bahrain

Cisco Gitex 2018
Cisco to showcase power of AI at GITEX Tech Week
AT GITEX, Cisco is unveiling its latest suite of technologies to support the Middle East’s path to digital transformation. At a time of increasing pressure to embrace digitization, these innovations aim to help enable both public and private providers in the region to adopt cloud based solutions. Cisco will showcase its technologies under the theme of ‘Secure, Intelligent Platform for Digital Business,’ at GITEX 2018, on Oct. 14 – 18, 2018, at the Dubai World Trade Centre.“Recent technological advances have significantly improved the capabilities of machine learning and artificial intelligence (ML/AI) systems. As a broad category of techniques and solutions, ML/AI has found many appealing applications: from chat-bots in customer service to personalized advertising in smart...
October 07, 2018

Cisco to showcase power of AI at GITEX Tech Week

Ithmaar Group Chairman Prince Amr Mohammed Al Faisal (centre) with, from left, members of the Board of Directors, Omar Abdi Ali, Mohammed A. Rahman Bucheerei, Elham Ebrahim Abdulla Hassan, Sheikh Zamil Abdullah Al-Zamil, Sheikh Mohamed Abdullah Abdelkarim Elkhereiji, Abdelhamid Mohamed Aboumousa, Abdulshakoor HussainTahlak, Ithmaar Group Chief Executive Officer, Ahmed Abdul Rahim, and Member of the Board of Directors, Tunku Yaacob Khyra.
Ithmaar hosts training for its Board of Directors & executive management
ITHMAAR Group, which includes Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank, a Bahrain-based Islamic retail Bank, and IB Capital, a Bahrain-based Islamic Investment firm, hosted a Board Evaluation training session for members of its Board of Directors and its Executive Management team. The training session, which was delivered by a trainer from the Bahrain Institute for Banking and Finance (BIBF), focused on the assessment of the Board’s efficiency and aimed to identify and address any performance gaps. This will help in making high-quality decisions, achieve objectives, manage risks, and safeguard the Bank’s reputation. “Board evaluations have become one of the most important innovations in governance thinking and has become best practice within the...
October 07, 2018

Ithmaar hosts training for its Board of Directors & executive management

Dr. Mamdouh Najjar
Cloud and Microsoft ecosystem to create 63,400 jobs in Saudi Arabia
RIYADH — Microsoft’s technology ecosystem and the growing popularity of cloud services will create more than 63,400 jobs in the Kingdom of Saudi Arabia by the end of 2022, according to new research by the International Data Corporation (IDC). The study also covers findings from other Middle Eastern markets such as UAE, Bahrain and Turkey.IDC’s white paper analyses the impact of ICT, cloud services, and the Microsoft ecosystem on Saudi Arabia economy between 2017 and 2022, covering a decade of IDC regional findings. The research shows that implementation of nationwide initiatives such as Saudi Vision 2030 and the efforts of the Saudi Communications and Information Technology Commission to organize the cloud services. – and other initiatives focused on banking, healthcare,...
October 06, 2018

Cloud and Microsoft ecosystem to create 63,400 jobs in Saudi Arabia

Eng. Hani Salem Sonbol, ITFC Chief Executive Officer, signs the funding agreement with the minister of Burkina Fazo
ITFC launches major trade initiative in Africa
OUAGADOUGOU, Burkina Faso — ITFC signed $1.5 billion Framework Agreement with the Government of Burkina Faso; West Africa SMEs Program launched to aid financial access for SMEs.The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has announced several major initiatives during a special event sponsored by ITFC at the 5th edition of the Rebranding Africa Forum (RAF) being held in Burkina Faso on October 5-6 2018. The high-level event was attended by several African Heads of States as well as Ministers and dignitaries from the Middle East and Africa (MEA) region including the President of Burkina Faso, Roch Marc Christian Kaboré, the President of Niger, Mahamadou Issoufou, the President of Ghana, Nana Addo Dankwa Akufo-Addo,...
October 06, 2018

ITFC launches major trade initiative in Africa

SABB-Alawwal merger to further boost growth
RIYADH – The Boards of Directors of The Saudi British Bank (SABB) and Alawwal bank have unanimously recommended a merger of the two banks to their shareholders, creating a franchise that will support more opportunity for customers and help deliver new growth in an ambitious Kingdom.The merger, subject to shareholder and regulatory approval, will create the Kingdom’s third-largest bank, increase its strength in corporate and retail banking, and provide unrivalled access to a global banking network to facilitate the flow of international investment capital into Saudi Arabia.“The combination of SABB and Alawwal bank will create a powerful banking franchise ready to fuel growth in the Kingdom. As Vision 2030 transforms Saudi Arabia, our own transformation will ensure our customers...
October 06, 2018

SABB-Alawwal merger to further boost growth

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