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10401 - 10410 from 16549 . In "BUSINESS"
GEA selects Choueiri Group’s AMSI as media representative
CHOUEIRI Group’s AMSI recently announced their latest appointment as media representative for the General Entertainment Authority (GEA) of Saudi Arabia.The tie-up effectively enables the region’s advertisers and brands to benefit from GEA’s leadership in bringing the most sought-after live entertainment offerings to the Kingdom. AMSI will retain the representation rights to sell advertising space for GEA’s diversified and rich events calendar.Since its inception in May 2016, GEA aims to regulate and develop the entertainment sector in Saudi Arabia, while providing invaluable opportunities for people to celebrate life, experience joy and create shared memories with family, friends and their community.GEA is committed to delivering and showcasing a variety of entertainment options,...
September 11, 2018

GEA selects Choueiri Group’s AMSI as media representative

GMAC relaunches 2nd ’Study in India’ initiative
GRADUATE Management Admission Council (GMAC) has relaunched the second version of the Study in India initiative. Under this initiative, students globally can explore India as a graduate management education destination and seek admission to any of the 13 participating business schools.The business schools associated with the Study in India initiative are:• Great Lakes Institute of Management• IFIM Business School• Indian School of Business• Institute of Management Technology, Ghaziabad• International Management Institute, New Delhi• ISBR Business School• K. J. Somaiya Institute of Management Studies and Research• NMIMS• SDA Bocconi Asia Center• SPJIMR• T. A. Pai Management Institute• Universal Business School• Xavier...
September 11, 2018

GMAC relaunches 2nd ’Study in India’ initiative

David Dew
SABB joins R3’s global blockchain ecosystem
THE Saudi British Bank (SABB) has joined enterprise software firm R3’s global blockchain ecosystem. SABB is the first bank in KSA to join such an initiative. SABB has always been at the forefront of offering value added digital solutions to its clients and this is another step in that direction.David Dew, Managing Director of SABB, said: “We are extremely pleased to join R3 which puts SABB at the cutting edge of financial innovation, giving our clients all the far-reaching advantages of transaction-speed and security that flow from the DLT based solutions”David E. Rutter, CEO of R3, said: “As one of the leading international banks in the Kingdom, SABB’s experience will be invaluable to R3. Using Corda, SABB will be able to actively participate and work towards development of...
September 11, 2018

SABB joins R3’s global blockchain ecosystem

FTA officials during the round table
Round table aims to boost the UAE ports’ leadership
DUBAI – Under the patronage of the Federal Transport Authority for Land and Maritime (FTA), Tactics Maritime Media and Marasi News have successfully arranged “The UAE Maritime Leaders Roundtable Discussion” under the theme of “To what extent do the UAE ports meet the current demands of the shipping industry?”.The event brought together prominent UAE maritime leaders from private and government sectors who discussed the status of the UAE maritime industry and the main obstacles that are facing ship owners and Marine Services Companies in dealing with ports in the UAE and what are the issues hindering raising the UAE flag on the vessels owned by Emirati companies and businessmen. ‬‬The roundtable’s participants came up with effective solutions that will be presented to the...
September 10, 2018

Round table aims to boost the UAE ports’ leadership

Saudi Minister of Transport and SAR chairman of the board of directors Nabil Al-Amoudi speaks during the inauguration on Monday of the Freight Solutions Forum at SAR headquarters in Riyadh
Saudi Arabian Railway to increase cargo transport to 20 million tons by 2025
Saudi GazetteJEDDAH — Saudi Arabian Railway Company (SAR) CEO Bashar AlMalik said that the railway network in the kingdom has transported over 12.5 million tons during the past year and he added that they will increase the capacity of their services to be able to transport 20 million tons by 2025. Their transport services, he added, have positively affected the environment as it managed to reduce the use of trucks in the Kingdom by dropping 500,000 trucks offroads.He said they have also transported 7 million tons of various mineral products since the start of this year until the end of August 2018, an increase of 20 percent compared to last year. SAR also broke a record in transferring phosphate as they have transferred 461,855 tons in August 2018 with an increase of 10,000 tons compared...
September 10, 2018

Saudi Arabian Railway to increase cargo transport to 20 million tons by 2025

Zimbabwe President Emmerson Mnangagwa (L) shakes hands with Finance and Economic Development Minister, Professor Mthuli Ncube, during the swearing in ceremony for Zimbabwe's new cabinet ministers at State House, Harare, on September 10, 2018.  —  AFP
Zimbabwe seeks return to dollar
HARARE — Zimbabwe's newly sworn-in finance minister on Monday said he planned to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt, in a bid to revive the battered economy.The southern African nation abandoned its currency after it spiralled out of control between 2008 and 2009 during the rule of Robert Mugabe.The country adopted the US greenback and other foreign currencies including the South African rand. But a few years later, with the economy in tatters, US bank notes started to run short.In 2016, Mugabe's government tried to tackle the chronic shortage of US banknotes by introducing a parallel token currency called "bond notes", theoretically worth the same as a US dollar.But the bond notes are in reality worth far less than the...
September 10, 2018

Zimbabwe seeks return to dollar

India’s growing economy attracts GCC investment
DUBAI — Indian economy, which registered 8.2 percent growth in the first quarter of 2018-19 fiscal year – the highest in recent history – is expected to attract large-scale investment from the GCC to India, following the recent announcement of the development of a $44 billion oil refinery to be built by Abu Dhabi National Oil Company (ADNOC), Saudi Aramco and Indian counterparts.The announcement comes a few months after Emirates Group announced a $4.23 billion (INR300 billion) aircraft maintenance, repair and overhaul (MRO) project in Andhra Pradesh in February this year.Although these projects will take years to take shape, they reflect a growing investment appetite by Gulf investors in to India’s growing economy.“We are delighted to support the 2nd IUPS being organised by BLF....
September 10, 2018

India’s growing economy attracts GCC investment

Gergi Abboud, Senior Vice President and General Manager for Middle East South, SAP (third from right) joins the One Million Arab Coders Initiative
16,000 EMEA youth trained for digital careers
AMMAN — Helping to close the region’s digital skills gap and support youth job creation, one of the world’s largest and most innovative coding initiatives has trained more than 16,000 youth across the Middle East, North Africa, and Europe.In a rapidly digitizing region that is facing youth employment challenges, coding initiatives could unlock new careers. For example, according to a survey by the job search platform Indeed, 84 percent of employers believe that coding boot camps provide as much or more preparation for careers as compared to computer science degrees.Across coding initiatives in Egypt, France, Greece, Iraq, Jordan, Lebanon, the Palestinian Territories, Sweden, and Turkey, the United Nations, global technology company SAP, the Galway Education Center, and more than 50...
September 10, 2018

16,000 EMEA youth trained for digital careers

Institutional investors are bullish on MENA growth
ABU DHABI — State Street Corporation announced Monday the opening of its first Abu Dhabi office, which will be located in the Abu Dhabi Global Market (ADGM), the country’s international financial centre. This is the firm’s second office in the United Arab Emirates, building on its 26-year presence in Dubai. To mark this milestone, State Street also unveiled a research1 paper that draws on survey responses from 306 institutional investors based in the Middle East and North Africa (MENA) responsible for more than ...
September 10, 2018

Institutional investors are bullish on MENA growth

Historic Al Alamein Hotel reopened after facelift
CAIRO — The historic Al Alamein Hotel has officially reopened after a major facelift by Emaar Hospitality Group that makes it amongst the finest resorts along the Mediterranean.The opening event was attended by the Egyptian Minister of Tourism Dr. Rania Al-Mashat, VIP guests, top media figures, as well as other public figures.Situated in the picturesque setting of Sidi Abdel Rahman Bay, the hotel's glamorous design ethos and refurbished retro-modern interiors hark back to the glory days of the 1960s, when the resort first opened.The remodeled designs blend vintage charm with contemporary style, evoking a sense of nostalgia to the golden age of Egyptian music and cinema."The refurbishment of Al Alamein Hotel provides an example of our determination to offer a hotel that is on a...
September 10, 2018

Historic Al Alamein Hotel reopened after facelift

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