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12581 - 12590 from 16559 . In "BUSINESS"
Saudi Aramco President and CEO, Amin H. Nasser together with MIT President L. Rafael Reif at the signing of the new 5-year $25 million collaboration targeting new research and development in Boston. — Courtesy photo
ASC to strengthen MIT collaboration with $25m research commitment
BOSTON —Aramco Services Company (ASC), the North American arm of Saudi Aramco; and the Massachusetts Institute of Technology (MIT), has entered into a new 5-year $25 million collaboration targeting new research and development (R&D) in the fields of sustainable and renewable energy; advanced materials; carbon capture, utilization, and storage; environmental sciences; energy storage; water conservation and reuse; advanced materials; and cutting edge technologies including computational modeling, artificial intelligence, robotics and nanotechnologies.This new collaboration, was reaffirmed at The Innovation to Impact Forum here in Boston, in the presence of Crown Prince Muhammed Bin Salman, deputy premier and minister of defense, who is on a visit to the United States. Aramco became a...
March 26, 2018

ASC to strengthen MIT collaboration with $25m research commitment

NCB Capital announces launch of a global aviation fund
DUBAI — NCB Capital (DIFC) Limited, a subsidiary of NCB Capital Company, the Middle East’s leading investment firm, announced the end of the offering period and the launch of NCB Capital Aviation Fund I with $200 million of commitments raised through a private placement.The Fund holds a majority stake in Peregrine Aviation Topco Limited, an NCB Capital (DIFC) Limited managed vehicle that has acquired a $800 million portfolio of 21 aircraft.The portfolio comprises a mix of narrow-body and wide-body Airbus and Boeing aircraft on lease to 14 airlines across the world. AerCap Holdings N.V., the world leader in aircraft leasing and aviation finance, is providing technical and lease management services. AerCap holds a minority stake in the portfolio.The Fund offers investors exposure to the...
March 26, 2018

NCB Capital announces launch of a global aviation fund

Haytham Al Ohali, Managing Director, Cisco Saudi Arabia. — Courtesy photo
Cisco Connect to highlight growing opportunities presented by Saudi Arabia’s digital acceleration
JEDDAH — Themed ‘Your Time is Now’, Cisco’s flagship technology forum returns to Saudi Arabia to address how digital transformation is fundamentally changing the business landscape. Held at the Hilton Hotel, Jeddah, from March 27-28, Cisco Connect will bring together regional technology and business decision makers to drive the Kingdom’s digitization agenda and discuss the opportunities and challenges presented by the digital era.Cisco Connect’s agenda reflects the leadership, partnerships and insights that Cisco has built over two decades of operating within the Kingdom. The event will highlight how Cisco’s Country Digitization Acceleration (CDA) program, launched nearly two years ago, is contributing towards the progress of the Kingdom in line with the Kingdom’s National...
March 26, 2018

Cisco Connect to highlight growing opportunities presented by Saudi Arabia’s digital acceleration

60  Emirati students (males and females) between the ages of  13 and 15 years old, pose with instructors and officials at the Airbus Little Engineer A380 assembly workshop in Fujairah. — Courtesy photo
Airbus’ Little Engineer A380 workshops take center stage
DUBAI — Airbus has announced that the Airbus Little Engineer A380 assembly workshop has taken place at the fourth annual ‘Future Aviators Youth Week’ organized by the General Civil Aviation Authority (GCAA) in Fujairah.During a two-day workshop, more than 60 Emirati students (males and females) between the ages of 13 and 15 years old, learned to identify the key components that are needed to build an A380 aircraft and familiarised themselves with the assembly and manufacture processes of the world’s biggest passenger airliner. Students also learned related aspects of Science, Technology, Engineering and Mathematics (STEM).The Airbus Little Engineer is an initiative of the Airbus Foundation committed to encouraging students to better understand and embrace innovative technology. It...
March 26, 2018

Airbus’ Little Engineer A380 workshops take center stage

Joelle Mardinian along with Clinica Joellee staff at the opening in Riyadh. — Courtesy photo
Clinica Joellee opens its doors officially in Riyadh
CLINICA JOELLE, the leading chain of cosmetic clinics owned by the beauty expert Joelle Mardinian opened its door to customers in Riyadh.The official opening, which took place recently on Olaya Street in Riyadh, witnessed the presence of Joelle Mardinian in attendance as well as VIP celebrities, customers, social personalities and media representatives.Speaking during the opening, Joelle Mardinian said: “I cannot describe my happiness and my pride in what we have achieved previously and what we are achieving at this moment. We are very glad to kick off this year with the opening of our branch in Riyadh and it is a new series of Clinica Joel clinics here in The Kingdom. We will provide the latest cosmetic treatments in different fields and by the best experts, doctors, and...
March 26, 2018

Clinica Joellee opens its doors officially in Riyadh

Ritz-Carlton, Jeddah went dark for one hour on Saturday.
Ritz-Carlton, Jeddah supports worldwide earth hour movement
THE Ritz-Carlton, Jeddah went dark for one hour on Saturday, March 24, to shine a light on climate action in support of Earth Hour 2018. The hotel joined millions around the world in turning off its lights at 8:30 p.m. local time to illuminate a powerful message about environmental awareness and action. The World Wildlife Fund (WWF) created the annual global environmental awareness event 11 years ago to emphasize the threat of climate change.The Ritz-Carlton, Jeddah participated by turning off the facade and non-essential interior lighting utilizing 2,500 evironment-friendly bee-wax candles to light-up the lobby, ‘Reyhana restaurant,’ ‘Karamel Lounge’ and the spa. In-house guests participated with The Ritz-Carlton, Jeddah ladies and gentlemen by turning off their room lights and...
March 26, 2018

Ritz-Carlton, Jeddah supports worldwide earth hour movement

SV map Ahlan wa sahlan
2.4 million passengers flew on Saudia in February
SAUDI Arabian Airlines reported it has transported more than 2.4 million passengers within the month of February. Its reports also show that the month of February of 2018 had 8 percent more passengers than the month of February of 2017. The total number of passengers on Saudi Airlines since the beginning of the year reached 5.4 million.There has been a total of 16,000 flights in the month of February, a 4.6 percent increase in comparison to the previous year. 9,500 of the flights were scheduled internal flights while 586 of the flights were scheduled international flights. 3,800 of the flights departed from King Khalid International Airport in Riyadh and 3,725 of the flights departed from King Abdulaziz International Airport in Jeddah.The total number of flights conducted in January and...
March 26, 2018

2.4 million passengers flew on Saudia in February

Adel Al Ali, group CEO, Air Arabia receiving ATN’s Corporate Editor Choice Award. — Courtesy photo
Air Arabia receives ATN’s Corporate Editor Choice Award
AIR ARABIA, the Middle East and North Africa’s first and largest low-cost carrier (LCC), has received the ‘Corporate Editor Choice Award’ at the 2018 Air Transport Awards organized by Air Transport News held this year in Dubai, UAE. The accolade is a demonstration of Air Arabia’s continued commitment to passenger satisfaction and development within the industry.Air Arabia picked up the prestigious award at the Air Transport Award, which remains to be the only international prizes that award all the main categories of the air transport industry.The jury for the judging process comprised of prominent leaders from the field of aviation, government and air transport bodies. Nominations submitted were evaluated by jury members with the final winner per category being adjudged on overall...
March 26, 2018

Air Arabia receives ATN’s Corporate Editor Choice Award

i.Zone opens latest store in Makkah
I.ZONE, Apple’s largest Authorized Reseller chain in Saudi Arabia, has opened its latest store in the city of Makkah on Ash Shawqiyyah, Sheikh Mohammed Bin Jubair Road. The new i.Zone store will enable shoppers in Makkah to experience the complete range of Apple products and its related accessories.Announcing the launch of the new i.Zone Mishaal Alireza, managing director, i.Zone, said, "i.Zone by Alireza Holding Co is excited to launch our latest store in the Kingdom of Saudi Arabia. It has taken some time, but we are thrilled to open and expand our footprint and services to the people of Makkah. Our customers in Makkah will now have access to the latest iconic products from Apple in a world-class ambience with excellent end-to-end customer support and corporate services.”He...
March 26, 2018

i.Zone opens latest store in Makkah

Adel Al Hamoudi
Tawuniya wins Saudia’s medical insurance contract
THE Company for Cooperative Insurance (Tawuniya) announced that it has won for the second time, the contract to provide health care services for Saudi Arabian Airlines’ staff and their families. The deal is one of the largest medical insurance contracts in the Kingdom of Saudi Arabia and the Middle East.As per the contract, Tawuniya will continue to provide healthcare services to Saudia employees and all Saudia subsidiaries through its wide network, which has more than 2,000 hospital and medical centers, and considered as the largest network of medical service providers in the Kingdom. Tawuniya will also provide a large number of basic health and value-added services and exclusive offers.On this occasion, Tawuniya’s Senior Vice-President of Sales and Marketing Adel Abdullah Al Hamoudi...
March 26, 2018

Tawuniya wins Saudia’s medical insurance contract

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