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KAUST startups take top prizes in Saudi Arabia

THUWAL — Startups from the King Abdullah University for Science and Technology (KAUST) have taken top prizes in the Kingdom’s recent entrepreneurship competitions.Leading the way was KAUST startup Sadeem, a wireless sensor system for flood monitoring. After winning Best Global Startup and taking home $100,000 in prize money at GITEX Future Stars, the startup has won first prize at the ArabNet Riyadh and most recently, the Best Entrepreneur Award from Oqal.“These wins reflect six years of hard work. The cash prizes have allowed us to enhance each department of the company and deliver our first pilot projects,” said Sadeem co-founder Esteban Canepa.Startups from both of the KAUST accelerator programs are also showing promise —TAQADAM in partnership with Saudi British Bank (SABB)...

March 27, 2018

KAUST startups take top prizes in Saudi Arabia

SRC and Amlak International officials at the signing ceremony of the first refinancing deal of 2018. — Courtesy photo

SRC injects another SR1 billion into Saudi housing finance market

RIYADH — The Saudi Real Estate Refinance Company (SRC) continued its mission of helping develop the mortgage market for consumers with the injection of a notional amount of SR 1 billion with Amlak International. In SRC’s first refinancing deal of 2018, the agreement with Amlak includes portfolio acquisition and a short-term financing (murabaha deal). This financing works as a warehousing facility that permits Amlak to extend and widen its ability to lend in the future.This is SRC’s third SR1 billion transaction and demonstrates its growing role as a catalyst for the Saudi housing market. “We would like to thank the Amlak team for their decision and trust, but this is just a beginning,” said Fabrice Susini, chief executive officer, SRC. “We will keep enabling lenders to offer...

March 27, 2018

SRC injects another SR1 billion into Saudi housing finance market

FIle photo of Arab Women Forum an Top CEO Conference and Awards,. — Courtesy photo

Arab Women Forum launches in Saudi Arabia

DUBAI — For the first time ever, the Kingdom of Saudi Arabia will host the “Arab Women Forum” as part of the fourth edition of the “Top CEO Conference and Awards,” which is set to return to the country for the second time on April 10-11 at King Abdullah Economic City. The new forum aims to enhance and support the growing contribution of Arab women to the region’s economy and society and will serve as an elite gathering of top female executives, decision-makers, professionals and experts on women empowerment and business leadership.Julien Hawari, co-CEO of Mediaquest, commented: “By launching the ‘Arab Women Forum,’ we aim to create a platform for open and candid discussions on the evolving role of women in the business world, the societal attitudes towards their inclusion...

March 27, 2018

Arab Women Forum launches in Saudi Arabia

Maj. Gen. Abdul Rahman Saad Al Hussaini and Mohammad Hilal Al Kaabi, chairman of IGG Group at the signing ceremony. — Courtesy photo

IGG to take part in Saudi National Security and Risk Prevention Expo

ABU DHABI — Under the aegis of Minister of Interior Prince Abdulaziz bin Saud bin Naif and in partnership with the Saudi Ministry of Interior, SNSR Expo is held under the theme of “shaping the future of national security & risk prevention” with the aim of bringing together international businesses together with the Saudi government. The event will showcase innovation, facilitate discussions and best practice exchanges to forge partnerships and business collaborations between these entities.At ISNR Abu Dhabi Expo held this past week here, IGG PJSC leading providers of high-end defense and security solutions in the UAE announced their participation at the Saudi National Security and Risk Prevention Expo which will take place in Riyadh between Nov. 4-6 later this year.The signing of IGG...

March 27, 2018

IGG to take part in Saudi National Security and Risk Prevention Expo

Saudia holds its first meeting with the government departments working at KAIA in Jeddah. — Courtesy photo

Saudia meets with government departments working at KAIA

Saudi Gazette reportJEDDAH — The Saudi Arabian Airline Company (Saudia) has held its first meeting with the government departments working at King Abdulaziz International Airport (KAIA) in Jeddah to familiarize them with its TOP5 initiative which was disclosed in February and is aimed at promoting services and upgrading performance.During the meeting, a Power Point presentation was made to introduce the TOP5 initiative to the attendants which is aimed at promoting the services before, during and faster the flight.According to the initiative, the promotion of the services starts at the electronic sites, the applications of the smart phones, the communication centers, the sale offices, the after-sale services and the hospitality in the lounges and onboard the aircraft.The initiative calls...

March 27, 2018

Saudia meets with government departments working at KAIA

SEC safety team visited more than 10,000 homes in Makkah area as part of SEC community responsibility for electrical safety and community awareness and conformity with standard specifications. — Courtesy photo

SEC safety team visits more than 10,000 houses in Makkah

MAKKAH — More than 10,000 homes in Makkah area have been visited recently by the Saudi Electricity Company (SEC) safety team with more than 14,000 hours of work of experienced Saudi engineers and technicians.This effort comes within the SEC community responsibility for electrical safety and community awareness of ensuring the conformity of the electrical installations and connections with standard specifications to avoid accidents and fires.The company has launched an awareness campaign for electrical safety in homes in the Makkah area entitled "Electricity Safety in Our Homes" that includes awareness visits to thousands of houses in the area to raise the family awareness of electrical safety standards, and to promote a culture of safety within the whole society. The company...

March 27, 2018

SEC safety team visits more than 10,000 houses in Makkah

Abdul Latif Jameel and Four Principles launch new program to support Saudi Arabian nationals learn Japanese business philosophy.

ALJ, Four Principles launch new program to support Saudis learn Kaizen

JEDDAH — Abdul Latif Jameel and Four Principles have launched a new scheme that will help Saudi Arabian nationals learn the Japanese ‘Kaizen’ philosophy, an industrial mindset designed to help companies boost efficiency and performance, eliminate waste, and maximize resources.Following the joint venture between the two companies announced at the end of last year, selected Saudis — both female and male — will have the chance to enhance their professional development by taking part in the inter-company program focused on lean management, Four Principles tailored approach to helping boost companies performance and cut waste.The two-year program means participants will receive on-the-job experience in a consulting environment across multiple sectors, be exposed to an international...

March 27, 2018

ALJ, Four Principles launch new program to support Saudis learn Kaizen

Yasser Abu Ateek, CEO of Dar Al Tamleek. — Courtesy photo

Masakin Home Finance Program is not for retirees only

RIYADH — Government employees and pensioners who aspire to home ownership in Saudi Arabia became one step closer to making their dreams a reality, thanks to the signing between the Real Estate Development Fund (REDF) and the Public Pension Agency (PPA) on Feb. 26.The Masakin Program has now been expanded to encompass all retirees in the Kingdom, regardless of whether they spent their working lives in the public or private sector, and is also open to younger government-sector employees with many working years ahead of them.A true mortgage, offering a deed in the customer’s name, the scheme is Shariah-compliant and unlike a bank mortgage, no salary transfer is required.The PPA already works together with Dar Al Tamleek to deliver the ‘Masakin’ program of benefits. But now, with the...

March 27, 2018

Masakin Home Finance Program is not for retirees only

A session at the Kuwait Investment Forum 2018 (KIF 2018), on ‘Investing for the Future Kuwait’. — Courtesy photo

Kuwait to drive a new era in global geopolitics and growth  with Northern Gulf Gateway project

KUWAIT — The first session of the Kuwait Investment Forum 2018 (KIF 2018), on ‘Investing for the Future Kuwait’ presented a bold statement in global geopolitics from Kuwait – driving the closer cooperation with the region – through the ambitious Northern Gulf Gateway, an integrated flagship project for realizing the Kuwait National Vision 2035 that will open doors for investment opportunities for US, European, Chinese and Asian investors.Sheikh Nasser Sabah Al-Ahmad Al-Sabah, first deputy prime minister and minister of defense, Kuwait; Dr. Merza Hasan – executive director & dean of the board of executive directors, World Bank Group; Omar Kutayba Alghanim – CEO, Alghanim Industries & chairman, Gulf Bank Kuwait; Timothy Keating – executive vice president of government...

March 27, 2018

Kuwait to drive a new era in global geopolitics and growth  with Northern Gulf Gateway project

Deloitte announces plan to support digital skills development in Saudi Arabia

RIYADH — Deloitte Middle East and Deloitte Saudi Arabia announced plans to support the development of a digitally skilled workforce in Kingdom. Through close collaboration with schools and universities in the Kingdom, Deloitte will provide work experience opportunities for students as well as train them for future careers. These goals will be further supported by the establishment of a Deloitte Digital Delivery Center in Riyadh in collaboration with MCIT, announced earlier this month, which will create hundreds of job opportunities for Saudi nationals.These investments were announced during a visit by Deloitte Global CEO, Punit Renjen, to Saudi Arabia in March, and are a testament to Deloitte’s commitment to the economic development of the country and education of young Saudi women and...

March 27, 2018

Deloitte announces plan to support digital skills development in Saudi Arabia

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KAUST startups take top prizes in Saudi Arabia

SRC injects another SR1 billion into Saudi housing finance market

Arab Women Forum launches in Saudi Arabia

IGG to take part in Saudi National Security and Risk Prevention Expo

Saudia meets with government departments working at KAIA

SEC safety team visits more than 10,000 houses in Makkah

ALJ, Four Principles launch new program to support Saudis learn Kaizen

Masakin Home Finance Program is not for retirees only

Kuwait to drive a new era in global geopolitics and growth with Northern Gulf Gateway project

Deloitte announces plan to support digital skills development in Saudi Arabia

Kuwait to drive a new era in global geopolitics and growth  with Northern Gulf Gateway project