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14411 - 14420 from 16585 . In "BUSINESS"
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

SGS crew pose for a group photo after a day's work in Yanbu
SGS continues to implement its safety & security program
SAUDI Ground Services Company (SGS), the leading ground handling, took its safety and security program last Oct. 25 to the ramps of Prince Abdul Mohsin Bin Abdulaziz Airport in Yanbu.FOD Walk program (Foreign Object Damage Walk), previously implemented at the airports in Jeddah, Riyadh, Madinah and Dammam, aims to clear the ramps of any foreign objects that could cause damages to aircraft or any ground handling equipment. The implementation of the program was under the umbrella of the General Authority of Civil Aviation (GACA) and the participation of officials from national airlines and foreign airlines.This campaign will be implemented at all 27 airports around the Kingdom's to ensure compliance with the highest standards of safety and security. — SG
October 29, 2017

SGS continues to implement its safety & security program

British Consul General Barrie Peach awarded shield of thanks and appreciation
British Food Week at Manuel Supermarket
MANUEL Supermarket launched British Food Week last Nov. 27 at Manuel Stars Avenue Mall in Jeddah with the presence of The British Consul General Barrie Peach. Khalid Darwish, CEO & Co-Founder and Barrie Peach cut the ceremonial ribbon in the presence of Chairman Abdulelah Al Darwish,Khaled Al Darwish welcomed the Consul General for participating in the inauguration of Manuel British Food Week. Then they had a tour of the supermarket which displays the British and a variety of global products imported from around the world that meet the needs of all consumers.Barrie Peach thanked Manuel for the British Food Week. Manuel awarded achievement shield of thanks and appreciation. — SG
October 29, 2017

British Food Week at Manuel Supermarket

CMA seeks public comments on amended IPO draft method
RIYADH — The Saudi Capital Market Authority (CMA) invited specialists, interested persons and the public to give their opinions and remarks on the Amended Draft of The Instructions of Book Building Process and Allocation Method in Initial Public Offerings, which is made available on the CMA's website starting today, and for 30 calendar days, through the official communication channels of the CMA. The CMA assured that all suggestions and remarks will be taken in full consideration in order to approve the final form of the instructions.The Authority stated in its announcement that the amended draft aims to enhance the role of the financial market in facilitating financing, increasing the attractiveness of the market to investors and stimulating investment opportunities, and in...
October 28, 2017

CMA seeks public comments on amended IPO draft method

Gulfood Manufacturing 2017 Business conference centers on VAT and industry future
DUBAI — With the official implementation of Valued Added Tax (VAT) across the GCC coming into effect in January 2018, the ripple effect of the region’s first applied taxation on all goods and services is a pressing concern across the majority of industries functioning in the Gulf – including the burgeoning food production and manufacturing sphere.The Gulfood Manufacturing 2017 Business Talks Conference will cast light on the VAT conundrum and other burning issues when a who’s who of the leading industry thought leaders converge on the sidelines of the region’s largest food and beverage manufacturing event to discuss the hot topics shaping the industry.The Business Talks Conference will feature three keynote addresses and four symposiums across the three-day event, with top...
October 28, 2017

Gulfood Manufacturing 2017 Business conference centers on VAT and industry future

 Janet Yellen
Trump plans to make choice for Fed next week
WASHINGTON — President Donald Trump said Friday that he has someone "very specific in mind" to be the next chairman of the Federal Reserve and he will be announcing his choice next week."It will be a person who hopefully will do a fantastic job," Trump said in a video address he tweeted out late Friday. "I think everybody will be very impressed. But most importantly, I think at the end of eight years, you really will be impressed because things are looking good."Trump did not give any hints about the person he has selected but various media reports Friday said that current Fed Chair Janet Yellen most likely will not be offered a second term and Trump is instead leaning toward Jay Powell, a Fed board member who up until recently was the only Republican on the...
October 28, 2017

Trump plans to make choice for Fed next week

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem speaks at the Future Investment Initiative in Riyadh
DP World sees Jeddah as trade gateway for region
DUBAI — Sultan Ahmed Bin Sulayem, Group Chairman and CEO of global trade enabler DP World, unveiled plans to develop Saudi Arabia’s Jeddah port in support of the Saudi Vision 2030 recently launched by Crown Prince Mohammed Bin Salman Bin Abdulaziz.Bin Sulayem was speaking at the Future Investment Initiative (FII) in Riyadh on a panel discussion entitled ‘Dynamic Economies: What are the new ways to solve diversification?’He outlined the significance of Jeddah Port as a gateway port for the Saudi market and for the region, connecting to major markets in Africa and the Middle East, and that its role as a trade hub can be further boosted by DP World’s vision for its development over the next 30 years. The Saudi Vision 2030 will also play a pivotal role in changing the economic...
October 28, 2017

DP World sees Jeddah as trade gateway for region

ITFC’s rating outlook stable, says Moody’s
NEW YORK — Moody's Investors Service has assigned a first-time long-term issuer rating of A1 to the International Islamic Trade Finance Corporation (ITFC). The outlook on the rating is stable.Moody's also assigned a first-time short-term issuer rating of P-1.The key factors for ITFC's A1 rating are the following:(1) 'Medium' assessment of ITFC's capital adequacy reflecting significant capital buffers, balanced against high concentration levels and relatively weak track record of asset quality, albeit mostly due to legacy exposures;(2) 'High' assessment of ITFC's liquidity position, supported by prudent treasury investment practices and adequate liquidity management policies in anticipation of a moderate build-up of expected debt service requirements...
October 28, 2017

ITFC’s rating outlook stable, says Moody’s

Matteo Renz
S&P raises Italian debt rating
WASHINGTON — The ratings agency S&P on Friday raised Italy's sovereign rating, citing the country's recovering economy as well as rising investment and job creation.Former Italian Prime Minister Matteo Renzi, who stepped down in December after the failure of a constitutional reform referendum, welcomed the news."After years, at last, S&P raised Italy's rating," he said on Twitter. "Work pays off. Things work out over time. Onward now."The ratings agency kicked Italy's credit rating up a notch, from BBB- to BBB -- still lower-medium grade, but with a stable outlook.S&P said the Italian economy was expected to grow by 1.4 percent this year and before averaging 1.3 percent GDP into 2019. In addition to keeping its budget deficit at 2.1 percent of GDP or...
October 28, 2017

S&P raises Italian debt rating

Around 250 international design studios presents their new designs at Heimtextil
UAE textile market at $17.5bn annually
DUBAI — The Middle East continues to be a strong source of interest for international textiles suppliers, with increasing market demand stemming from the region for the latest in home and contract textiles.This was underlined at a media round table organized by Messe Frankfurt Middle East, to familiarize regional media and industry representatives about the advantages of being present at Heimtextil, the leading international trade showcase for home and contract textiles, being held at Frankfurt next year.Chockfull of design trends, technical innovations and high-quality home collections from international suppliers: with a globally unique product portfolio, Heimtextil will offer its visitors a superb overview of the market when it opens doors in January next year.With the UAE textile...
October 28, 2017

UAE textile market at $17.5bn annually

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