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10291 - 10300 from 16530 . In "BUSINESS"
Eng. Majed bin Abdullah Al Bawardi, Vice Minister of Commerce and Investment,  inaugurates the 1st International Contracting Conference and Exhibition (ICCE) on Sunday in Riyadh
Inaugural ICCE forum zeroes in on global industry best-practice
RIYADH — On behalf of Dr. Majid bin Abdullah Al Qasabi, Saudi Arabia’s Minister of Commerce and Investment, Eng. Majed bin Abdullah Al Bawardi, Vice Minister of Commerce and Investment, officially inaugurated the 1st International Contracting Conference and Exhibition (ICCE) on Sunday in Riyadh.The two-day summit, hosted by the Saudi Contractors Authority (SCA), steers the course for the future of Saudi Arabia’s contracting sector, with sustainability aligned with global industry best-practice top of the agenda.Held at the Riyadh International and Convention and Exhibition Centre, the ICCE is formed under the guidance of the Saudi Vision 2030, with the localization and qualification of contracting in Saudi’s construction sector, along with project management, quality and safety...
September 17, 2018

Inaugural ICCE forum zeroes in on global industry best-practice

Talat Zaki Hafiz (middle), secretary general of the committee and the spokesman of Saudi banks, Saad Al- Hareeqi (right and Turki Al Sayari at the launch of the 10th edition of the anti-fraud awareness campaign
Saudi banks step up drive against fraud
Saudi GazetteRIYADH — Saudi banks launched the 10th edition of the anti-fraud awareness campaign tilted “Do not disclose it”. This season’s campaign slogan is # Drag them before they pull you.The media and banking awareness committee revealed that the first phase of the campaign will focus mainly on raising financial awareness in society, banking clients and beneficiaries, in a way, that will help them face challenges linked to financial scams, a committee official said Monday.Secretary general of the committee and the spokesman of Saudi banks Talat Zaki Hafiz said that resuming the anti-fraud awareness campaign organized by the committee comes within the framework of realizing threats and their negative impact on local economy and on individuals. He also said the previous...
September 17, 2018

Saudi banks step up drive against fraud

makkah
Makkah sees surge in ‘destination’ malls
RIYADH — Retail demand in Makkah is generated from two distinct segments — the city’s residents and the Haj and Umrah pilgrims, Colliers International, the global commercial real estate leader, said in its latest white paper on the retail sector in Makkah.The city’s retail sector’s short-term and a medium-to long-term outlook is expected to see an increase in the supply of large malls or “destination” malls, the report noted.These have shaped the retail landscape in the city with shopping centres that mainly cater to pilgrims concentrated in the vicinity of the Holy Haram and retail centres serving the residents located to the north of the city closer to the residential areas.With the city’s supply significantly lower than other cities in the Kingdom, the paper sheds light...
September 17, 2018

Makkah sees surge in ‘destination’ malls

Chairman of Riyadh Chamber of Commerce and Industry Ajlan Al-Ajlan tours the exhibition
World of Applications Exhibition kicks off
Saudi GazetteRIYADH — The four-day ‘World of Applications’ exhibition was inaugurated by chairman of Riyadh chamber of Commerce and Industry Ajlan Al-Ajlan under the patronage of Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawah at the Riyadh International Convention and Exhibition Center on Monday.Al-Ajlan said "we are proud of what our youth present and their development in the field of technology and applications. Today we need different applications, which we use in our daily lives and to cope with Kingdom’s Vision 2030 and the e-transformation in diverse fields. According to the latest report issued by the Communications and Information Technology Commission, the volume of electronic commerce in Saudi Arabia exceeded 30 billion riyals...
September 17, 2018

World of Applications Exhibition kicks off

Summit to address global aviation safety procedures amid emergent challenges
DUBAI — Addressing the emergent safety challenges of the rapidly transforming global aviation industry, the Dubai Civil Aviation Authority is hosting the World Aviation Safety Summit (WASS), returning to Dubai this year in its sixth edition. Taking place on Dec. 11-12, WASS 2018 will examine responses to new safety threats such as carry-on powders, and highlight important tools and key strategies for maintaining air travel’s standing as one of the safest forms of mass transportation in the world.The Summit brings together local and international stakeholders and provides them with a platform to review and examine the implementation of cutting-edge aviation safety procedures and future-proof regulatory frameworks. Attendees and participants include officials from regulatory authorities,...
September 17, 2018

Summit to address global aviation safety procedures amid emergent challenges

Semi-permanent building tech used to launch Saudi entertainment resort fast
RIYADH — Record breaking build times were achieved at the Qiddiya entertainment, sports and cultural destination recently in Saudi Arabia by deploying the next generation of semi-permanent buildings.Eventually covering 334 square kilometres Qiddiya - the first of its kind entertainment resort and in Saudi Arabia - is one of three ‘Giga projects’ at the heart of the ambitious Saudi Vision 2030 national transformation strategy intended to expand and diversify the Saudi economy. Once complete, the Qiddiya entertainment district located 40km from Riyadh is planned to be 2.5 times the size of Walt Disney World and will include holiday homes, water parks, cultural venues, motor sports, and a Six Flags theme park.European temporary building expert Losberger De Boer was contracted by Duvent,...
September 17, 2018

Semi-permanent building tech used to launch Saudi entertainment resort fast

Omar Jackson
Real estate a major driver as private equity continues outpacing stock markets
DUBAI — Real estate will be a key driver as private equity continues to outperform the world’s stock markets, a Dubai-based expert said today.“The private equity industry is enjoying continued growth and success and in fact private equity is raising more capital than ever before,” said Omar Jackson, Partner at Berkeley Assets.“Private asset managers raised a record total of almost $750 billion globally in 2017 and private equity assets under management reached $5 trillion, an 8% year on year increase over 2016.“Deal volume for private equity was US$1.3 trillion in 2017, and although fewer deals were completed compared with 2016, deal sizes grew and private equity approached even larger projects.”Jackson said private equity is currently witnessing an increase in capital...
September 17, 2018

Real estate a major driver as private equity continues outpacing stock markets

Officials of Lamborghini Jeddah and Samaco beside Lamborghini Urus during its launch
Samaco rolls out Lamborghini Urus
IN the presence of senior managers from Automobili Lamborghini, Lamborghini Jeddah celebrated the arrival of Lamborghini's new model, the Lamborghini Urus, the first Super Sport Utility Vehicle, creating a new niche in the luxury segment with this all-new car with benchmarking power, performance, driving dynamics, unparalleled design, luxury and versatility.Mohammed Sharbatly, CEO of Group, said: “Once again, Samaco Automotive emphasizes its leadership in attracting luxury brands and, thanks to the Almighty, we have recently acquired the exclusive dealership of Lamborghini in Saudi Arabia to join our pool of luxury car dealerships on the one hand and to strengthen our strategic partnership with these brands on the other hand.”“We have invested all our financial capabilities and...
September 17, 2018

Samaco rolls out Lamborghini Urus

The Red Sea Project on Saudi Arabia’s west coast is envisioned as an ultra-luxury tourism destination for nature, adventure, wellness, and culture
TRSDC announces global advisory board
THE Red Sea Development Company (TRSDC), wholly-owned by the Public Investment Fund (PIF) of Saudi Arabia and creator of The Red Sea Project, on Monday announced its international Advisory Board of twelve world-leaders in business, tourism, environmental sustainability and conservation.The Advisory Board will help set The Red Sea Project’s agenda to develop and implement a new international standard e Red Sea Development Company Announces Global Advisory Boar din environmental protection and restoration, sustainable development, innovation and luxury tourism. Located along the west coast of Saudi Arabia at the crossroads of the Middle East, Europe, Asia, and Africa, the project is envisioned as an ultra-luxury tourism destination for nature, adventure, wellness, and culture. It is part...
September 17, 2018

TRSDC announces global advisory board

Alinma introduces contactless ATM withdrawals, first in Saudi Arabia
ALINMA Bank has introduced, for the first time in Saudi Arabia, contactless NFC withdrawals at selected Alinma ATMs. NFC, or “near field communication,” is a technology that can be embedded in smartchip cards and smart digital devices, that permits user authentication with only a swipe of the card/device near the NFC terminal and a PIN. Inserting a card into the ATM is not required, and for partner protection, only one transaction can be completed per swipe.Speaking about the launch, Alinma Bank CEO Abdulmohsen Al Fares said: "The adoption of modern technologies in order to better serve partners, has been a focus of Alinma since its establishment. This has provided us with certain advtanges in our market and has allowed us be even more partner-centric. With NFC ATM withdrawals, we...
September 17, 2018

Alinma introduces contactless ATM withdrawals, first in Saudi Arabia

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