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10051 - 10060 from 16514 . In "BUSINESS"
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

Leading female financial services experts convene
RIYADH — Building on last year’s successful event, Bloomberg once again convened leading female financial services experts in the Saudi capital for its annual “Women in Finance Network”.Attended by over 100 professionals in the Saudi financial services sector, the event brought together experts from the United Kingdom and the Kingdom to discuss the most relevant issues facing women in finance today. Topics were wide-ranging, including everything from the impact of reforms on the Saudi economy, and more specifically, the Kingdom’s insurance sector, and career tips on how to succeed in financial services.A number of Bloomberg representatives from London and the Middle East spoke at the event, led by Stephanie Flanders, Senior Executive Editor for Economics, while Katherine Garrett...
October 06, 2018

Leading female financial services experts convene

Opportunities abound in GCC projects market
GCC’s $2.4trn planned projects offer vast opportunities
RIYADH — With an estimated $2.4 trillion of projects planned across the GCC, the region still offers abundant opportunities as governments seek to develop infrastructure to meet the needs of rapidly expanding populations, and to deliver economic diversification. But while the need for infrastructure has never diminished, the crash in oil prices from 2014 to 2016 has seen major changes to the market. The value of contract awards has fallen by about $180bn a year in 2016 and 2017. This reduced level of awards is set to continue in 2018 and 2019.Despite this, the region still offers some of the best project opportunities in the world. The need for infrastructure and economic diversification is greater than ever. And, as home to some of the world’s wealthiest countries, the financial...
October 06, 2018

GCC’s $2.4trn planned projects offer vast opportunities

Etihad Airways in partnership with Born Free
ABU DHABI — Etihad Airways is reinforcing its partnership with leading wildlife charity, Born Free, by refreshing its popular ‘Etihad Explorers’ children’s packs, which now include an activity booklet developed with Born Free. The aim is to provide the airline’s younger guests with a greater understanding of animal welfare and how they can play a part in reducing man’s impact on fragile natural habitats, wildlife conservation and wild animal welfare.First launched in September 2016, Etihad Explorers is the airline’s children’s brand, featured on activity packs and meal items. It aims to instill a sense of excitement and anticipation during their journey.Jamal Ahmed Al Awadhi, Etihad Airways Head of Guest Experience, said: “Our young guests are tremendously important to us...
October 06, 2018

Etihad Airways in partnership with Born Free

Mastercard initiative provide startups with operational support
RIYADH — Mastercard, a leading technology company in the global payments industry, recently welcomed ten startups to its Start Path program at the Mastercard Connecting Tomorrow Forum in Barcelona as part of its efforts to drive the startup ecosystem.Mastercard Start Path is the company’s global initiative to provide startups with the operational support and commercial access needed to scale. The program brings together a global network of innovators ranging from startups to banks and merchants to shape the future of commerce in an agile and accelerated manner. Start Path evaluates roughly 1,600 applications per year and invites about 40 later-stage startups to participate each year.Representing numerous countries including Jordan, Nigeria, Mexico, Australia, Singapore, the UK and the...
October 06, 2018

Mastercard initiative provide startups with operational support




Sami A. Al-Nuaim, manager of Aramco’s Petroleum Engineering Application Services department, along with other officials
Aramco’s Al-Nuaim named SPE Intl’l. President for 2019
DALLAS/DHAHRAN — Saudi Aramco made a strong showing at the Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE) in Dallas last week as Sami A. Al-Nuaim, manager of Aramco’s Petroleum Engineering Application Services department, was named president of the international organization for 2019. In addition, four Aramco researchers received distinguished awards, and company staff contributed to about 20 scientific papers and panels.Al-Nuaim delivered a keynote address about the importance to the energy industry reaching talented students, harnessing technological change, and quantifying and communicating the industry’s outstanding global sustainability performance.Al-Nuaim’s election marks the second time a Saudi Aramco petroleum engineer has been named...
October 06, 2018

Aramco’s Al-Nuaim named SPE Intl’l. President for 2019




Dr. Noorul Hasan, Consul commerce at the Indian Consulate in Jeddah, cuts the ceremonial  ribbon
Indian Food Festival at InterContinental to further boost India-Saudi relations
Saudi GazetteJEDDAH — The first edition of Indian Food Festival kicked off at the Tea Garden restaurant in The InterContinental Hotel Jeddah on Thursday evening under the patronage of the Consulate General of India Jeddah. Dr. Noorul Hasan, Consul commerce at the Indian Consulate in Jeddah opened the festival by cutting the ribbon in a colorful ceremony attended by Anand Kumar, Consul consular, Moin Akhtar, Consul Press and Information, Y.K. Shukla, Head of Chancery at the Indian Consulate, Abdul Rahman Al Zahrani, Operations Manager and Haythem Al Ayoobi, executive assistant manager at InterContinental Hotel along with the executive chef Manpreet Malik.Addressing the press conference held on the sidelines of the inaugural ceremony, Dr. Noorul Hasan, Consul commerce at the Indian...
October 06, 2018

Indian Food Festival at InterContinental to further boost India-Saudi relations

flydubai aircraft
flydubai to operate to select destinations
FLYDUBAI has announced that it will operate flights to select destinations from Dubai World Central (DWC) in order to provide more travel options to passengers during the southern runway refurbishment project previously announced by Dubai Airports. The refurbishment project is scheduled to take place between 16 April 2019 and 30 May 2019.flydubai will operate flights to 39 destinations from DWC during the period of the refurbishment project to ensure minimum disruption to passengers’ travel plans. At DWC, passengers will continue to benefit from all the convenient travel services offered by flydubai at one of the world’s future aviation and logistics hubs. During this period flights to 10 of these destinations will also be available from DXB. Flights to all other flydubai destinations...
October 06, 2018

flydubai to operate to select destinations

Four Seasons Private Residences in Los Angles
Four Seasons to inaugurate first-ever private residences
CONSTRUCTION is underway with more than half of the units already sold for the first residential project in Los Angeles from Four Seasons, the world’s leading luxury hospitality company, developed in partnership with Genton Development Company, a privately held real estate investment company and developer in Southern California. Four Seasons Private Residences Los Angeles, located at 9000 W. 3rd Street, is the company’s first standalone residential project in North America and joins London’s Twenty Grosvenor Square as one of only two worldwide.“As we continue to grow and strengthen our residential offerings globally, we are excited to introduce our first residences in Los Angeles with an exceptional standalone project, and with partners who share our dedication to offering...
October 06, 2018

Four Seasons to inaugurate first-ever private residences

Amro Jamil Kandil and Abdullah Ali Al-Ghamdi, Support Services Manager at SEDCO, award  Jeddah Traffic Department with commemorative shields on behalf of SEDCO Holding Group
SEDCO, Jeddah Traffic Department organize an awareness lecture
SEDCO Holding organized an awareness lecture on traffic regulations and violations for the Group’s employees in collaboration with Jeddah Traffic Department on Tuesday October 2, 2018 with the aim of enriching their knowledge of traffic laws and regulations as well as increasing their awareness of the importance of following them, and the consequences of their violations. Col. Zaid Mohammad Al-Hamzi, Head of Public Relations the Traffic Department in Jeddah, said that the lecture comes within the efforts of the Ministry of the Interior represented by the General Directorate of Traffic to enhance road traffic culture of citizens and residents in the Kingdom and encourage them to abide by the traffic regulations and avoid their violations, which will curb road traffic accidents, limit...
October 06, 2018

SEDCO, Jeddah Traffic Department organize an awareness lecture

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