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14351 - 14360 from 16583 . In "BUSINESS"
Risks of cyber attacks further threaten ‘Internet Economy’
RIYADH — Despite the annual increase in the Internet economy, also known as “The Digital Economy” around the world, the Middle East and North Africa face more significant challenges related to securing information and infrastructure from cyber-attacks by hackers focused on sabotaging, extorting, or defrauding their victims.Within this context, the annual MENA Information Security Conference 2017, to be held on Nov. 21 in Riyadh under the patronage of VirtuPort with lead sponsor Saudi Telecom Company - Solutions, it will be attended by leading international companies specializing in information technology and cyber security."The Internet economy is facing increased risk of financial loss, business interruption or theft of identities and intellectual property by the hackers which...
November 02, 2017

Risks of cyber attacks further threaten ‘Internet Economy’

Family’s well-being top concern for millennials, baby boomers: Study
RIYADH — Millennials and baby boomers in the UAE and Saudi Arabia feel they are represented better by the media than by advertising in their country of residence, according to new YouGov Omnibus research.The online survey comparing the opinions of over 2,000 respondents born between the mid-1940s and mid-1960s (baby boomers) and between the early 1980s and mid-1990s (millennials), asked how well represented they feel by the way they see people look, act and have similar views to them in the media and advertising.When it comes to the media, 60% of millennials say they feel well represented, against 27% who feel that they are either not very well represented or not represented at all. The net score for millennials (those who feel well represented minus those who do not) is 33%; three times...
November 02, 2017

Family’s well-being top concern for millennials, baby boomers: Study

Captain Mohamed Juma Al Shamsi
KIZAD to attract global investors to Abu Dhabi
KIZAD, an integral part of the Abu Dhabi Economic Vision 2030, is planning to attract more global investors to the emirate, according to Captain Mohamed Juma Al Shamsi, CEO of Abu Dhabi Ports.“We are planning many large-scale projects and have recently signed an AED1.1 billion 50-year-long Musataha Agreement with the Jiangsu Provincial Overseas Cooperation and Investment Company Limited (JOCIC) in China. According to the pact, JOCIC will occupy and develop approximately 23.7 million square feet of the free trade zone for companies from the Chinese province of Jiangsu. This will attract foreign investment into the emirate."“KIZAD is expecting to see a surge in global investments and is well-equipped to facilitate operations for companies from different clusters including food...
November 02, 2017

KIZAD to attract global investors to Abu Dhabi

Hassan Ahdab, President of Hotels Operations, Dur hospitality company and Abdullah Bakarman, Corporate Marketing Manager of Dur Hotel Operations Division, Dur hospitality company, receive the awards during a ceremony held in Dubai
Makarem Hotels scoops three industry awards at WTA 2017
RIYADH — Makarem Hotels, the Saudi-grown hotel chain specializing in the holy cities of Makkah and Madinah owned by Dur Hospitality, have received three prestigious awards during the 2017 World Travel Awards ceremony, the leading travel and tourism event both nationally and internationally.Among the awards won by Makarem Hotels for its outstanding hospitality services was the “Leading Hotel Group in Saudi Arabia 2017” award. Makarem Annakheel Village was rightfully named “Saudi Arabia's Leading Resort 2017” and Riyadh Palace Hotel successfully scooped the “Saudi Arabia's Leading Business Hotel 2017” award.Tourism professionals, travel and hotel guests, tourists and businessmen from around the world had voted for hundreds of nominated hotels in the Middle East. The...
November 02, 2017

Makarem Hotels scoops three industry awards at WTA 2017

CMA okays AlAhli REITs Fund IPO
RIYADH — The Saudi Capital Market Authority (CMA) has issued its resolution approving the public offer by NCB Capital Company of AlAhli Fund of REITs Fund.An Investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk.Therefore, investors should carefully read the terms and conditions which includes detailed information on the Fund, the investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information.The CMA’s approval of the fund should never be considered as a recommendation to subscribe in the fund, The...
November 02, 2017

CMA okays AlAhli REITs Fund IPO

Samba, BSF net profits fall in third quarter
RIYADH — Saudi Arabia’s third-largest bank by assets, Samba Financial Group, reported a 2.5 percent drop in third-quarter net profit on Wednesday, blaming rising credit costs and other expenses.Net profit of SR1.31 billion ($349 million) in the three months to Sept. 30 was down from SR1.34 billion in the same period a year earlier, the bank said in a bourse statement.Samba’s loans and advances at the end September stood at SR120.7 billion, sliding 7 percent on the same point of 2016, while deposits dropped 4.2 percent to SR166.7 billion over the same period.Three analysts polled by Reuters had on average forecast the bank would make a quarterly net profit of SR1.27 billion.Earlier on Wednesday, Saudi lender Alawwal Bank reported a 38.1 percent rise in third-quarter net profit to...
November 02, 2017

Samba, BSF net profits fall in third quarter

Tadawul edges up 0.2%
JEDDAH — The Saudi stock benchmark Tadawul All Share Index rose 0.2 percent to 6,948 points as top Saudi petrochemical producer Saudi Basic Industries edged up only 0.1 percent.Higher oil prices tend to be positive for profit margins at Saudi petrochemical firms but the industry faces the possibility of domestic electricity and fuel price hikes within months and higher gas feedstock prices as soon as in 2019.National Petrochemical fell 2.1 percent after reporting a marginal rise in quarterly net profit to 196.9 million riyals ($53 million) from 191.6 million riyals a year earlier.Real estate firm Dar Al Arkan surged 3.1 percent and City Cement edged up 0.1 percent. It reported that quarterly profit fell sharply to SR19.2 million from SR32.9 million, but beat a forecast of SR8.60 million...
November 02, 2017

Tadawul edges up 0.2%

Qaderoon Network organizes a visit to Qetan Center for Tailoring and Embroidery
Qaderoon’s visit to Qetan Center encourages jobs for handicapped
DHAHRAN — In line with its continued efforts to share best practices adopted by companies to develop an inclusive work environment for persons with disabilities, Qaderoon Network organized a visit to Qetan Center for Tailoring and Embroidery, one of Nesma Holding's initiatives in cooperation with Saudi Aramco and Al-Rahma Healthcare Foundation, on Wednesday (Nov. 1) in the Eastern Province.At the beginning of the visit, a tour was conducted around “Qetan” Center to introduce visitors to the center's employees, especially those with hearing disabilities, while performing their daily tasks. Some of these employees spoke to the visitors to explain how they complete their assigned tasks, and how to communicate with their colleagues at the center.Dr. Fayez Al-Shehri, Executive...
November 02, 2017

Qaderoon’s visit to Qetan Center encourages jobs for handicapped

Sheikha Lubna bint Khalid Al Qasimi, Vice Chairwoman, Emirates Nuclear Energy Corporation Board of Directors, and President of Zayed University, with members of the Youth Circle
Youth sector crucial in sustaining growth
ABU DHABI — The United Arab Emirates (UAE) Peaceful Nuclear Energy Program was praised for its high level of female participation, as well as its position as one of the most diverse, multinational and multicultural nuclear programs in the world during a special presentation on the vital role of women in the nuclear industry.The special presentation was given by Sheikha Lubna bint Khalid Al Qasimi, Vice Chairwoman, Emirates Nuclear Energy Corporation Board of Directors, and President of Zayed University, on the final day of the International Ministerial Conference on Nuclear Power in the 21st Century, which took place in Abu Dhabi in the UAE.“Here in the UAE, we strongly believe in the equality of men and women, both in society and in professional development,” said Sheikha Lubna...
November 02, 2017

Youth sector crucial in sustaining growth

Top officials of SEC and GE at the signing of agreements
SEC, GE collaborate to promote R&D in Saudi power sector
RIYADH — The Saudi Electricity Company (SEC) and GE Power have signed two technical agreements to promote scientific research and development (R&D) for the power sector in the Kingdom. The collaborations will identify innovative solutions to develop and install new systems that will boost gas turbine efficiency and productivity. The research will also focus on reducing the amount of ash that results from fuel combustion.Eng. Khalid Al-Rashed, Executive Vice President of Engineering and Projects, SEC, said “the first agreement aims to promote research that will help reduce the cost of power generation and power plant maintenance. The second will focus on installing a new system of fuel additives in gas turbines to reduce the water-washing cycle and increase capacity by reducing the...
November 02, 2017

SEC, GE collaborate to promote R&D in Saudi power sector

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