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10141 - 10150 from 16519 . In "BUSINESS"




Officials of signatory companies pose for a group photo
Altayyar to manage seven mid-market hotels in KSA
ALTAYYAR Travel Group announced a major hotel industry milestone in the Kingdom by rolling out the first seven-hotel tranche of true mid-market hotels under Choice Hotels International’s Quality and Comfort hotel brands. These hotels consist of three Comfort Inn & Suites hotels located in Riyadh, one Comfort Suites and two Quality Inn & Suites hotels in Jeddah, and one Comfort Inn & Suites in Taif, each of which will be operated pursuant to hotel management agreements by CHME Ltd., a subsidiary of Altayyar Travel Group, under a master license agreement between CHME and Choice Hotels, owner of the Comfort Inn & Suites, Quality Inn & Suites, and Comfort Suites brands. Four of these hotels are already under construction and are expected to open starting in the third quarter of 2019 under a...
September 30, 2018

Altayyar to manage seven mid-market hotels in KSA




Nabeel Khalid Kanoo
Kanoo Travel garners 2 Arabian Travel awards
MANAMA — Kanoo Travel, a business division of Yusuf bin Ahmed Kanoo (YBA Kanoo) Group, has won the Best Travel Management Company and the Best Corporate Incentive Tour Operator at the 2018 Arabian Travel Awards.Representatives of Kanoo Travel offices from KSA, UAE, Oman, and Bahrain received the awards during a prestigious ceremony in Dubai’s JW Marriot Hotel which was attended by the region’s Travel and Hospitality Industry experts and investors.«It›s a great honor to be recognized twice at this year›s Arabian Travel Awards», said Nabeel Khalid Kanoo, board member.“These awards are a testament to Kanoo Travel›s professionalism, our passionate team who deliver world-class solutions to a regional client base of loyal customers, and our strong focus on innovation and...
September 30, 2018

Kanoo Travel garners 2 Arabian Travel awards

Saudi Arabia sees $11b inflows from JP Morgan bond index entry
DUBAI —Saudi Arabia said it expects inflows of around $11 billion into the country’s debt as a result of the inclusion of its international bond issues in JP Morgan’s emerging markets bond indexes.Saudi Arabia, together with the United Arab Emirates, Qatar, Bahrain and Kuwait, will enter JP Morgan’s emerging market government bond indexes next year, JP Morgan announced last week.The move is expected to attract a total of around $30 billion of new foreign investment into their debt.The inclusion will be phased in between January 31 and September 30, 2019. The Saudi debt management office expects $11 billion of inflows as a result of the entry into the indexes, the Saudi ministry of finance said in a statement.Saudi Arabia’s bonds will have a 3.1 percent weighting in the JP Morgan...
September 29, 2018

Saudi Arabia sees $11b inflows from JP Morgan bond index entry




Sunil Suresh
Saudi Arabia online retail market to swell to $10 billion by 2022
JEDDAH —Saudi Arabia is poised to become a global omni-channel powerhouse, industry experts say, as Internet usage penetration in the Kingdom shows a sharp upward trajectory.Sunil Suresh, CMO & Global Vice President, Strategy at Capillary Technologies – a leading cloud-based software solutions provider that enables retailers to intelligently engage with their customers – forecasts that the online retail landscape in Saudi Arabia looks very promising.Speaking at an event titled “Consumer-in-Focus - Let’s Get Consumer Ready!” held in Jeddah Hilton last Sept. 24, Sunil Suresh underscores the “urgent need for retailers and consumer businesses (in the Kingdom) to invest in the artificial intelligence (AI) technologies across functions, including consumer engagements and...
September 29, 2018

Saudi Arabia online retail market to swell to $10 billion by 2022




Turki Bin Saud Bin Mohammed Al-Saud, President of KACST; and Houlin Zhao, Secretary-General of ITU, sign the accord at the CITC headquarters
KACST & ITU ink new partnership to support young Arab entrepreneurs
RIYADH —King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for technology incubators and accelerators, has signed a new partnership initiative with the International Telecommunication Union (ITU) last Sept. 27 for developing several projects in the domain of innovation and entrepreneurship, empowering the digital entrepreneurship and enhancing the efforts exerted for entrepreneurs, innovators and emerging companies in the Arab world.The agreement was signed by Turki Bin Saud Bin Mohammed Al-Saud, the President of KACST, and Houlin Zhao, the Secretary-General of ITU. The agreement was signed at the CITC headquarters in the presence of Eng. Abdullah Al-Swaha, Minister of Communications and Information Technology, and Dr. Abdulaziz Al-Ruwais, Governor of...
September 29, 2018

KACST & ITU ink new partnership to support young Arab entrepreneurs




The Saudi Agricultural Exhibition 2018 will be held in conjunction with the Saudi Agro-Food
Saudi Agri Exhibition 2018 to tackle sustainability & food security
RIYADH —The Saudi Agricultural Exhibition 2018 organized by the Riyadh Exhibitions Company (REC) Ltd. under the patronage of Eng. Abdulrahman Al Fadley, Minister of Environment, Water and Agriculture, is set to take place on Oct. 7 -10, 2018. The exhibition will focus on the agricultural sector and the more than SR 200 billion investments in the industry as a result of the government’s economic diversification policy. The event, which will be held at the Riyadh International Convention and Exhibition Center, will also tackle job and other investment opportunities in agriculture.The strategic 37th Edition of the Saudi Agriculture Exhibition will also play an important role in promoting the growth of the local agriculture by highlight key industry, with the government allocating SR92...
September 29, 2018

Saudi Agri Exhibition 2018 to tackle sustainability & food security

Harish Bhatia
Saudi reforms drive earnings, salary rise
RIYADH —Positive signs show that Saudi Arabia economic transformation strategy is helping drive strong business results, Korn Ferry 2018 Salary & Benefits Study revealed.Those results are translating into measurable salary and bonus increases for employees at all levels, with “high performers” reaping the greatest benefit with bonus pays out averaging 120% higher than the general average.The annual study from Korn Ferry captured data from 437 organizations across 20 economic sectors and included more than 420,000 employees. Data showed average salary increases of 2.6% across all sectors, with financial services employees realizing average increases of 3.7%The introduction of Cost of Living Allowances for Saudi nationals and increased expat levy fees could potentially have a negative...
September 29, 2018

Saudi reforms drive earnings, salary rise




Cityscape Global on Oct.  2-4 October at DWTC
Dubai properties offer best long-term returns
DUBAI —Top real estate analysts weigh in on the debate to buy or rent property in Dubai for expatriates, identifying the ideal price point in the market which offer the best long-term returns.According to Cluttons Middle East, market activity in studio, one, two and three-bedroom apartments, valued at a price point below AED1.5 million, is the most active segment. In their opinion, it currently makes more financial sense for hopeful end-users who wish to offset the cost of rent to buy at these levels.Richard Paul, Head of Professional Services for Cluttons Middle East, said: “At this price point one and two bedroom apartments in an established area are dominating most of the activity in the market.“This is also the case for prospective owner occupiers who wish to cease paying rent....
September 29, 2018

Dubai properties offer best long-term returns

Image Nation Abu Dhabi starts production in Saudi Arabia
IMAGE Nation Abu Dhabi, one of the leading media and entertainment companies in the Middle East, has begun production in Saudi Arabia on No Kitchen Required - a brand new TV series that follows five regional chefs as they learn to cook traditional food in the wilderness. The production will shoot across the Kingdom, including Abha, Al-Ghamma and Haiel, and features two Saudi national chefs - Khaled Aref and Bader Fayez.For the production of No Kitchen Required, Image Nation has collaborated with Emmy award-winning producer Marc Lorber. Lorber has previously worked on several programs with Image Nation - including Beyond Borders and an upcoming Quest Arabiya’s series on fishing - and will bring a wealth of experience and expertise to Saudi Arabia during filming. Together with Lorber, 50...
September 29, 2018

Image Nation Abu Dhabi starts production in Saudi Arabia





A cross section of participants of the forum in New York on Sept. 27, 2018
IRTI, UNDP, Malaysian SC partner to promote use of Islamic finance
THE Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group, United Nations Development Program (UNDP) and Securities Commission Malaysia (SC) have collaborated to promote the use of Islamic financing instruments to meet the funding requirements of the Sustainable Development Goals (SDGs).The huge funding needed to meet the 2030 Agenda for Sustainable Development far surpasses the resources available to individual governments and multilateral agencies, thereby making it imperative to join forces and to diversity sources of mobilizing financing for development projects.With its underlying principles that emphasize risk sharing and responsible financing, Islamic finance has been tipped as a viable mechanism for mobilizing resources in this regard.In...
September 29, 2018

IRTI, UNDP, Malaysian SC partner to promote use of Islamic finance

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