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14401 - 14410 from 16584 . In "BUSINESS"
Airlines and airports urged to hold back cyber threats
DUBAI — The air transport industry has cybersecurity as a top priority with 95% of airlines and 96% of airports investing resources into major cybersecurity programs or pilots over the next three years. Yet research released Sunday from global IT provider SITA shows there is still room for improvement with only one third of boards at airlines, and a fifth at airports, having fully integrated cybersecurity into their business plans.Speaking Sunday at a gathering of European air transport industry leaders, Barbara Dalibard, CEO of SITA – the world's leading specialist in air transport communications and information technology –highlighted that while cybersecurity is the number one priority for almost all airlines and airports, it demands more attention and must be higher on...
October 29, 2017

Airlines and airports urged to hold back cyber threats

The Saudi young businessmen delegation pose for a group photo during their visit to South Korea
Young Saudi businessmen from JCCI visit South Korea
JEDDAH – The Jeddah Chamber of Commerce and Industry (JCCI) organized a visit to South Korea for a number of young Saudi businessmen, with the participation of a number of Saudi government agencies such as the investment authority, the entertainment authority and the Small and Medium Enterprises Authority. The delegation visited a number of government centers and Korean facilities that support the commercial sector. The visit included The Ministry of Emerging Small and Medium-sized Enterprises and some business incubator sectors. This was done for the purpose of knowing and making use of the Korean experience in supporting these facilities that employ 89% of the population.Bandar Arab, the Director of Economic and Social Development at JCCI, said in a statement “this important visit...
October 29, 2017

Young Saudi businessmen from JCCI visit South Korea

Bank Aljazira unveils ‘Tomouh’ Credit Card
JEDDAH — In a move to diversify its services to its clients in order to meet their requirements, Bank Aljazira has announced the launch of its credit card “Tomouh”. The card is issued with a low credit limit of SR50 wherein clients can charge and recharge the card in any time according to his needs quickly and easily.The new card is especially designed to provide clients with more convenience, control and security enabling them to easily track their expenses and use the card seamlessly in their shopping, travels, and bills payment, daily or online purchases and, a unique feature that gives customer the ability to issue supplementary cards for all ages.Sultan Al Hamidi, VP & Head of Consumer Assets, said: “The low credit limit Tomouh Credit card is compliant with Islamic Shariah...
October 29, 2017

Bank Aljazira unveils ‘Tomouh’ Credit Card

SABIC Q3 net profit up 10.7% on higher prices and sales
RIYADH — Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals company, reported a 10.7 percent rise in third-quarter net profit on Sunday, beating analysts’ estimates.SABIC made a net profit of SR5.79 billion ($1.54 billion) in the three months to Sept. 30, up from SR5.23 billion in the year-earlier period, the company said in a bourse statement.The net profit was better than the average net profit forecast of SR4.27 billion by four analysts.Sales for the current quarter amounted to SR39.65 billion compared to SR35.80 billion for the similar quarter last year with an increase of 11%, and compared to 35.17 with previous quarter with an increase of 13%. Sales for the current period amounted to SR111.78 billion compared to SR105.52 billion for the similar...
October 29, 2017

SABIC Q3 net profit up 10.7% on higher prices and sales

Petchems, Saudi Telecom lift Saudi stocks
JEDDAH/DUBAI — Petrochemical stocks and an earnings beat by Saudi Telecom Co lifted Riyadh’s stock market on Sunday while other Gulf bourses were sluggish, once more ignoring a strong performance by Wall Street on the previous trading day.The Saudi stock benchmark Tadawul All Share Index climbed 0.7 percent to 6,956 points. Unusually, four of the 10 most active stocks were petrochemical producers after oil prices rose sharply at the end of last week, with Brent crude hitting $60 a barrel for the first time since 2015; industry leader Saudi Basic Industries gained 0.8 percent.Saudi Telecom climbed 3.6 percent after reporting an 18.2 percent rise in third-quarter net profit to SR2.62 billion ($698.7 million), topping the SR2.28 billion forecast of four analysts polled by Reuters. But the...
October 29, 2017

Petchems, Saudi Telecom lift Saudi stocks

Christer Viktorsson
More innovation and transparency for better regulation
By Christer ViktorssonDirector General, FANRAS the number of countries joining the global nuclear energy community grows, nuclear energy regulatory authorities have witnessed significant advancements in approach, while reinforcing the importance of comprehensive, independent regulation as the key to the success of a nuclear energy program anywhere in the world. In the same way as nuclear vendors and operators have transformed into global players, nuclear regulation has been impacted by ‘globalization’ as well.In line with the need for continuous improvement and to continue to ensure maximum safety of the public, workers and the environment, we need to strengthen our regulatory programs on nuclear safety, security, radiation protection and safeguards. Forming international partnerships...
October 29, 2017

More innovation and transparency for better regulation

d3 brings first urban art festival to Dubai
CELEBRATING art, design and creativity, Dubai Design District (d3) will present the first edition of the Blue Cave Urban Art festival, an action packed three-day weekend event, taking place across the Design Quarter at d3, on Nov. 2-4, 2017.The program of workshops and live art installations is set to inspire a diverse audience, from families with young children through to the most discerning artists.Dubai Design District the region’s ultimate design destination will host this creative festival. With music, live painting, poetry performances, talks and workshops, the weekend-long schedule will feature talent from across the world including renowned French-Tunisian calligraphy artist El Seed, L7M, Rodrigo Level and Fernando Chamarelli. Works and installations will remain at d3 as part of...
October 29, 2017

d3 brings first urban art festival to Dubai

Haytham AlOhali
Schneider Electric, Cisco hold event to drive Kingdom’s digital transformation
SCHNEIDER Electric, the global specialist in energy management and automation, and Cisco, a worldwide technology leader, hosted the “Digital Transformation in the Era of IoT” event in Riyadh, targeting major CTO and CIO players in the Kingdom.The event highlighted the disruption, challenges and opportunities present in the era of digital transformation the Kingdom is currently undergoing. Schneider Electric shared its vision and strategy in driving this transformation forward. The two companies discussed Internet of Things (IoT) innovations that will act as the engine of this journey.Saudi Arabia is adopting a government digital transformation as part of its Saudi Vision 2030. This move is being made particularly because the Kingdom is aiming to significantly reduce its dependence on...
October 29, 2017

Schneider Electric, Cisco hold event to drive Kingdom’s digital transformation

Ayman Kamil Tawfiq, Assistant General Director for Casio Affairs, Mohammed Ali Basurrah, Director of Casio Department of Abbar Company, Abdulrahman Al Ahmari branch manager of Khamis Mushiet, with other guests during the ceremonial cutting of ribbon
Casio G-Shock outlet in Abha inaugurated
MAHMOOD Saleh Abbar Co – authorized agent for Casio in Saudi Arabia – has celebrated recently the opening of the latest Casio “G-Shock” stores in Abha. The store opened last Oct. 23 in Al Rashid Commercial Center on a 75-sq m area and carries the top of the line G-Shock including high-end models.The official launch was attended by Ayman Kamil Tawfiq, Assistant General Director for Casio Affairs, Mohammed Ali Basurrah, Director of Casio Department of Abbar Company, Abdulrahman Al Ahmari branch manager of Khamis Mushiet and clients, distributors and a multitude of shoppers.Ayman Tawfiq noted the importance of selecting the southern region to be a model for the marketing of Casio G-Shock watches with its various categories and to be active in the Southern market. The new outlet which...
October 29, 2017

Casio G-Shock outlet in Abha inaugurated

Chopard boutique in Al-Khobar
Chopard opens new boutique in Al-Khobar
CHOPARD and Attar United officially opened the new Chopard boutique in Al-Khobar, Saudi Arabia. The 233 square meters boutique is located on Al-Sheikh Avenue, one of the newest landmarks in the city.The elegant environment of the boutique artfully embraces the global renovated Chopard design concept by the famous French architect Thierry W. Despont, which articulates a warm, gracious home atmosphere. Light woods, sumptuous fabrics, and furnishings – from tables to vitrines and lighting – expressly highlight Chopard stunning jewelry, watches and other finely crafted luxurious products. Reflecting a modern interpretation of the Maison’s traditional values and craftsmanship, this must-visit boutique offers an intimate and refined shopping experience.In line with the Swiss Maison’s...
October 29, 2017

Chopard opens new boutique in Al-Khobar

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