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10201 - 10210 from 16522 . In "BUSINESS"
Honor 8X defies industry standards
Honor 8X set to go beyond limits
HONOR, the leading smartphone e-brand under the Huawei group has officially announced it will be launching its latest smartphone, Honor 8X, this October 2018. Furthermore, the Middle East is set to be the first region to launch this unbeatable device, in just two weeks.The Honor 8X will be the latest addition to the powerful X-series line up from 5X, 6X and 7X. With cutting-edge technology, flagship features and a sleek design, the X-series is also great value for money. Not only that, but the X-series has received numerous awards over the years. The ‘Budget Beast’ Honor 6X walked away with 10 media awards at CES 2017, where it was recognized for its “Double or Nothing” excellence. Furthermore, Honor 6X was the only smartphone to nab a spot in Digital Trends’ “Top Tech of CES...
September 25, 2018

Honor 8X set to go beyond limits





Saudi Arabian Military Industries Company officials during  the Africa Aerospace and Defense 2018 exhibition
SAMI explores opportunities in African defense markets
THE Saudi Arabian Military Industries Company has participated in the Africa Aerospace and Defense 2018 (AAD2018) exhibition, held last Sept. 19 - 23 at the Africa Aerospace and Defense Air Force Base in Centurion Street, Waterkloof, South Africa. The company aimed to enhance its presence in the African continent and explore new opportunities in this growing market.Dr. Andreas Schwer, CEO of SAMI, expressed his delight that SAMI was part of this important international event to showcase its growing portfolio of military products and services in four key areas – Aeronautics, Land Systems, Weapons and Missiles, and Defence Electronics, which contributes to the company›s efforts to localize 50 percent of Saudi Arabia’s military spending, which is one of the most important targets of...
September 25, 2018

SAMI explores opportunities in African defense markets

Anshu Vats
Strengthening governance of chief risks in the Gulf
DUBAI —The latest report by the strategy consultancy firm, Oliver Wyman and the Global Risk Center, “Resilience in the GCC: How Gulf countries can strengthen their governance of major risks,” outlines the risks and examines the efforts being made by individual states in the GCC to deal with the high-level risk agenda. It further outlines the three key priorities that would help regimes improve decision making and resource allocation for long-term resilience.• Placing a risk management unit (risk governance) at the heart of government to coordinate national risk assessment efforts and drive the resilience agenda across the public sector and beyond,• Developing strategies that encourage businesses, households, and other organizations to take on new risk responsibilities as...
September 25, 2018

Strengthening governance of chief risks in the Gulf

Oil prices at four-year high, cross $80 per barrel
LONDON — Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC and Russia ruled out any immediate increase in production.Benchmark Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 percent, before easing to around $80.75 by 1150 GMT. US light crude was $1.25 higher at $72.03.“This is the oil market’s response to the OPEC+ group’s refusal to step up its oil production,” said Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt.Commodity traders Trafigura and Mercuria said on Monday that Brent could rise to $90 per barrel by Christmas and pass $100 in early 2019, as markets tighten once US sanctions against Iran are fully implemented from November.JPMorgan said US sanctions on Iran could lead to a loss of 1.5...
September 24, 2018

Oil prices at four-year high, cross $80 per barrel

Saudia most positively identified brand among Saudi millennials
JEDDAH — In a day and age of fast moving technology and tech savvy generation, it is no surprise that smartphone giant iPhone is the most positively talked about brand among millennials in the UAE while Facebook is the most popular brand with youngsters in Egypt. Although Saudi Arabia’s state airline Saudia is the most favorably discussed brand among Saudi youth, iPhone is next in line as the second most popular brand among millennials in the country.YouGov’s daily brand tracking tool, BrandIndex, considered the opinions of respondents aged between 18 and 34, collected online over the past year, to discover the 10 brands they’ve talked about the most positively with friends and family, whether in person, online or through social media.Digital brands dominate the rankings in the UAE...
September 24, 2018

Saudia most positively identified brand among Saudi millennials

Global energy demand to expand through 2040
JEDDAH — Global energy demand will continue to rise through 2040 reaching 680 quadrillion British thermal units in 2040, up nearly 25 percent, reflecting its fundamental link to growing prosperity and better living standards for an increasing population worldwide. Besides, global transportation-related energy demand is projected to increase by close to 30 percent. At the same time, total miles traveled per year by cars, sport utility vehicles (SUVs) and light trucks will increase about 60 percent, reaching about 14 trillion in 2040, ExxonMobil said in its report titled “2018 Outlook for Energy: A View to 2040”.Non-OECD share of global energy demand reaches about 70 percent in 2040, as efficiency gains and slowing economic growth in the United States and OECD nations help keep energy...
September 24, 2018

Global energy demand to expand through 2040

KAMCO completes buy of major stake in Global
DUBAI – KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, announced that it has completed the previously announced purchase of 396,426,434 shares in Global Investment House, equivalent to a 69.528% stake, from NCH Ventures S.P.C, a Bahrain domiciled entity representing the interests of more than 50 financial institutions.KAMCO has successfully concluded the purchase after receiving all required approvals from the CMA Kuwait and other appropriate regulatory authorities. This purchase of the stake in the parent entity extends control over Global’s existing investment products and services, managed real estate, asset management business, Global’s brokerage subsidiary and physical infrastructure in Kuwait, as well as Global’s...
September 24, 2018

KAMCO completes buy of major stake in Global




Developers Azizi and IMKAN back Dubai Blockchain Strategy as a driving force in the emirate’s sector
Blockchain gains traction among realty developers
DUBAI — Dubai’s drive to become a global blockchain technology hub has been backed to transform the UAE real estate industry by leading developers behind more than 200 combined projects in different stages of development.Master developers Azizi Developments and IMKAN Properties are among the major forces in the property market putting a spotlight on the Dubai Blockchain Strategy as a revolutionary initiative in the countdown to next month’s Cityscape Global real estate showcase, proving that the technology is poised to have a significant impact on the real estate sector.Stemming from the government’s overarching goals, the Dubai Land Department (DLD) have taken steps to implement a Blockchain network to interface with all digital and manual process for the real estate industry, a...
September 24, 2018

Blockchain gains traction among realty developers





Dhayah Fort
RAK to unveil winner of adventure innovation challenge on Sept. 27
AS part of its international visitation strategy and to grow its reputation as the region’s adventure hub, Ras Al Khaimah Tourism Development Authority is exploring innovative ways to enhance its appeal to the growing global adventure tourism market. Earlier this year, the tourism body partnered with The George Washington University’s International Institute of Tourism Studies in Washington, DC to crowdsource innovative ideas from students worldwide on the kinds of adventure sports events that could be hosted in the Emirate. From dozens of entries, the three shortlisted finalists, who will present their proposals at an event in Ras Al Khaimah to coincide with the official UNWTO World Tourism Day celebrations on Sept. 27, demonstrated how the diverse landscape of the Emirate - covering...
September 24, 2018

RAK to unveil winner of adventure innovation challenge on Sept. 27





Mishal Al Hokair
Al Hokair plans to embark on SR147b virtual reality market
AFTER recently embarking on the world of cinemas, Al Hokair Entertainment, one of the leading family entertainment organizations in the region, is now planning to establish its footprint within the global SR147 billion virtual reality gaming sector. With 91 active entertainment centers, under Al Hokair’s key entertainment brand ‘Sparky’s’, the group will now focus on embedding their centres with comprehensive virtual reality (VR) gaming zones.Virtual reality gaming is where a gamer can experience an interactive three-dimensional virtual reality environment. In particular, VR gaming opens up a three-dimensional space and opportunity to interact with the virtual environment, to manipulate virtual objects.“We are getting ready for the millennials, the digital natives, they need more...
September 24, 2018

Al Hokair plans to embark on SR147b virtual reality market

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