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Why invest in Uzbekistan
IMPLEMENTATION of five basic principles of transition to a socially-oriented free market economy during the years of independence has enabled the country to achieve desired results, provide sustainable economic growth and improve national welfare in a short historical period.As a result of reforms, the structure of the economy was radically changed, a reliable legal framework for dynamic economic development and favorable investment climate were created.This is supported by such macroeconomic indicators as annual Gross Domestic Product (GDP) growth of Uzbekistan exceeds 8% over the last 11 years, which is one of the highest rates in the world. The gross domestic product of the country increased by 7,8% in 2016.Generally, the GDP has increased by 5.5 times during the years of independence,...
November 03, 2017

Why invest in Uzbekistan

Huawei heat dissipation design. — Courtesy photo
A big breakthrough — natural cooling design of string inverter
PHOTOVOLTAIC (PV) inverters are the core equipment of the solar power generation system, therefore the reliability of the inverters determines the reliability of the PV system. The heat dissipation performance is the key factor influencing the reliability of PV inverters. The power component, a core component of inverters, is sensitive to temperature, which means change in temperature could impact connection/disconnection process. In the case of high temperature, the power switch may suffer poor performance or even break down. Therefore, inverter heat dissipation is a key factor when it comes to inverter performance and quality.PV power plants are generally situated in deserts and plains in MENA, where the sunlight is abundant. However, these areas also have extreme high temperatures and...
November 03, 2017

A big breakthrough — natural cooling design of string inverter

Nana Sao from Africa Capitalworks.
Investment — the future is Africa: Sao
By Hanan AlnufaieThe International Monetary Fund (IMF) has projected that Africa will be the world’s second-largest economy within the next few years. A continent that is full of great factors that can make it a great place for investment.With a population of more than 1 billion people, Africa offers an enormous potential market. And while the rest of the world is aging, Africa is young. According to Deloitte, some 200 million Africans, about 20% of the population, are between the ages of 15 and 24, a figure expected to rise to 321 million by 2030.Africa had a presence in the recent First Investment Initiative (FII) event in Riyadh where Saudi Gazette met with Nana Sao from Africa Capitalworks, an African-focused investor that invests in mid-market businesses by giving them growth...
November 03, 2017

Investment — the future is Africa: Sao

Apple staff congratulate customers as they are of the first to enter Apple's Regent Street store in central London on Friday after it opened for the first sales of the Apple iPhone X smartphone. — AFP
Apple's iPhone X hits the spot as long queues return from Sydney to Shanghai
SYDNEY/BEIJING — Long, snaking lines formed outside Apple Inc stores in Asia early on Friday as fans flocked to buy the new iPhone X, a turnout that contrasts with the more lackluster launches for the past two iterations of the premium smartphone. Strong initial demand underscores Apple's upbeat sales forecast for the year-end holiday shopping season, provided just hours before iPhone X sales began. In Australia, around 400 people queued outside Apple's flagship store in central Sydney to pay A$1,579 ($1,218) for the 10th-anniversary model, a glass-and-stainless-steel device that Chief Executive Officer Tim Cook billed as "the biggest leap forward since the original iPhone." Just 30 people turned up for the September release of the iPhone 8, an incremental update of...
November 03, 2017

Apple's iPhone X hits the spot as long queues return from Sydney to Shanghai

Rami Ekram, vice president of the Saudi-Irish Business Council, highlights opportunities in Ireland for Saudi businessmen here at JCCI Thursday. — Courtesy photo
Saudi-Irish Business Council calls on SMEs to explore opportunities
Saudi GazetteTHE Saudi-Irish business council has presented different potential business opportunities for Saudis in Ireland at a meeting Thursday at the Jeddah Chamber of Commerce and Industry (JCCI).Rami Ekram, vice president of the Saudi-Irish Business Council, said that they are hoping to attract many Saudi investors to explore the opportunities available in Ireland and the available methods of business collaboration. He added that they are more interested in young Saudis with innovative ideas who hope to explore opportunities in Ireland. Ekram said the focus is on the health sector, education, power and IT.The council is planning a visit for Saudi investors, including SMEs representatives, to exchange experiences and explore potential investment opportunities in Ireland. The visit...
November 02, 2017

Saudi-Irish Business Council calls on SMEs to explore opportunities

A trio of UAEU students — Aysha AlMheiri, Mariam AlMarzooqi and Asyal AlNaqbi — are working with Professor Nazar Zaki on uncovering the mysteries of Mars. — Courtesy photo
Mapping Mars mysteries
THREE Emirati students are being trained to support the UAE’s goal of unlocking the secrets of Mars, through a United Arab Emirates University (UAEU) project designed to produce greater insight into the Red Planet.The United Arab Emirates Space Agency plans to send a probe, Al Amal — which translates as ‘Hope’ — to the Earth’s neighboring world, with the aim being for it to reach the orbit of Mars by 2021, the 50th anniversary of the UAE’s independence.And UAEU is playing its part to support the Emirates Mars Mission and the UAE’s galactic ambitions through developing a machine-learning model that will literally bring a new dimension to analyzing the quality of satellite images received from the planet, and extracting highly-detailed information about its landscape. The aim...
November 02, 2017

Mapping Mars mysteries

A product being displayed at the store.
Fawaz Al Hokair opens first Apple products store in KSA
FAWAZ Abdulaziz Al Hokair Co, a leading company in the retail sector, opened ‘Aleph’, its first and the biggest in Saudi Arabia for Apple products and accessories in Nakheel Mall, Riyadh.The trade agreement concluded between Fawaz Al Hokair Co and Apple, the manufacturer of iPhones, iPads, MacBooks and other prodcuts, enables Fawaz Al Hokair Co. to market, service and provide after sales services for Apple products in the Saudi market from the Aleph stores.Fawaz Al Hokair Co. will open additional stores in the Kingdom as part of the agreed expansion plan which includes Al Hamra Mall in Riyadh and Al Yasmeen Mall in Jeddah before the end of this year. The plan also includes stores in most cities of the Kingdom, which will allow Al Hokair Co. to provide fast direct client and after sales...
November 02, 2017

Fawaz Al Hokair opens first Apple products store in KSA

Assila Hotel serves ‘Movember Cause’ during November
ASSILA Hotel serves the Movember Cause during the month of November. Movember is an annual event involving the growing of mustaches during the month of November to raise awareness of men's health issues, such as prostate cancer, testicular cancer and men's suicide. The goal of Movember is to "change the face of men's health."Movember aims to increase early cancer detection, diagnosis and effective treatments, and ultimately reduce the number of preventable deaths. Besides annual check-ups, the Movember Foundation encourages men to be aware of family history of cancer and to adopt a healthier lifestyle.Assila Spa for Men created a spa package that helps men prevent those kind of cancers by deep cleansing their bodies from toxic substance and re-energize. It starts by a...
November 02, 2017

Assila Hotel serves ‘Movember Cause’ during November

Moody's assigns first-time issuer rating of A1/P-1 to ITFC
MOODY's Investors Service announced it has assigned a first-time long-term issuer rating of A1 and short-term issuer rating of P-1 to the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IDB). The outlook on the rating is stable, according to Moody's press release dated Oct. 26.According to Moody’s, “The ITFC's credit profile benefits from significant capital buffers, balanced by high concentration levels and a track record of legacy non-performing assets, albeit with the prospect of significant recoveries in the future. The corporation benefits from prudent treasury investment practices and adequate liquidity management policies, and from strong implicit member support in the absence of contractual support via callable...
November 02, 2017

Moody's assigns first-time issuer rating of A1/P-1 to ITFC

Eng. Abdullah Bin Saleh Alsuweilmy and Gonzelo Gavin during the contract signing ceremony. — courtesy photos
SANS, Indra sign deal to upgrade air traffic systems
JEDDAH — In light of the development witnessed by the Civil Aviation Industry in Saudi Arabia and in line with Kingdom’s Vision 2030 in coping with the steady growth of Air Traffic and Airspace Management, (SANS), represented by Chairman of the Board of Directors Eng. Abdullah Bin Saleh Alsuweilmy, signed a contract for upgrading, modernization and development of Air Traffic Systems with Spanish company Indra, which is considered one of the pioneer companies in Air Navigation Technology. Indra was represented by General Manager of Traffic Management Systems Gonzelo Gavin.Al-Swailemi expressed his of achieving a new qualitative leap in the Kingdom’s air navigation service through cooperation with Indra, which has been selected from many international companies because of its vast...
November 02, 2017

SANS, Indra sign deal to upgrade air traffic systems

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