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5841 - 5850 from 16533 . In "BUSINESS"
Number of new mortgage contracts grow to 254%: SAMA
RIYADH — The monthly report issued by Saudi Arabian Monetary Authority (SAMA) revealed that the volume of new residential mortgages for individuals provided by banks and institutions continued to grow in August 2019 with 317% comparing to August 2018.The number of real estate loans last August reached 12,306 contracts with total value 5.2 billion Riyals, achieving a growth rate of more than 218% based on year.The SAMA report explained that the total number of individual's mortgage until August 2019 reached 96,787 contracts with total value of SR43,816 billion, compared to about 27,000 contracts with SR16,884 billion during the same period in 2018.The number of contracts achieved growth of more than 254% and about 160% in the value compared to 2018.According to the SAMA report, in...
October 03, 2019

Number of new mortgage contracts grow to 254%: SAMA

In this file photo taken on Sept. 29, 2018 a big wave approaches a surf dog and paddle boater on their board during the 10th annual Surf City Surf Dog contest in Huntington Beach, California. Airbnb Thursday began offering
Airbnb adds getaways in tune with the animal kingdom
NEW YORK — Airbnb on Thursday began offering "Animal Experiences" — promising harmony with nature, from lazing with alpacas to helping dogs struggling to survive in the aftermath of the Chernobyl nuclear disaster.The startup expanded beyond home-sharing services about three years ago into offering ways for travelers to dive into local happenings.Airbnb has built a line-up of "experiences," in which lodging comes with conduits to local cuisine, arts, music, outdoor adventures and even socially-minded activities.Animal Experiences promises travelers getaways that could allow them to engage with many kinds of creatures and their "human advocates" — and ways that might help, instead of harm, nature."With technology taking up so much of our lives,...
October 03, 2019

Airbnb adds getaways in tune with the animal kingdom

This handout photo obtained Wednesday courtesy of Microsoft shows a woman looking at a new dual-screen device Surface Duo. Microsoft unveiled Surface tablet computers with twin-screens that opened like books, and a notepad-sized version that put it back in the smartphone game. — AFP
Twin-screen Duo puts Microsoft back in smartphone game
SAN FRANCISCO — Microsoft on Wednesday unveiled new Surface devices with twin-screens that open like books, including a notepad-sized version that will put it back in the smartphone game next year.Surface Duo was touted as the first device in the lineup to fit into a pants pocket, with two "paper-thin" 5.6-inch screens that unfold and work in harmony with a specially tailored Android operating system.Described as a "new category" of device, Duo can make telephone calls and run applications designed for Google-backed Android mobile software, which powers most of the world's smartphones."You are going to talk about it as a phone, and I get that," Microsoft chief product officer Panos Panay said at a Surface event in New York of Duo, which will be available...
October 03, 2019

Twin-screen Duo puts Microsoft back in smartphone game

An Airbus A380 of the Emirates airline is seen after landing on at the airport in Duesseldorf, western Germany, in this Sept. 24, 2019 file photo. — AFP
EU girds for trade riposte after US ups ante on tariffs
PARIS — European nations scrambled on Thursday to prepare a response to new US tariffs on billions of dollars' worth of EU goods after Washington got the go-ahead from the World Trade Organization to strike back over state subsidies for planemaker Airbus.But officials also indicated they still hoped to find common ground to avoid escalating trade tensions that risk battering economies across the globe."We've been arguing for a trade deal for months. Our hand is extended," French Finance Minister Bruno Le Maire said."I hope the United States will listen to this voice, which to my mind is the voice of reason," Le Maire told journalists in Paris, calling Washington's move to tax $7.5 billion of EU imports a "serious economic mistake."US President...
October 03, 2019

EU girds for trade riposte after US ups ante on tariffs

Grab faces a $21 million in Malaysia for alleged anti-competition practices. — AFP
Malaysia threatens ride-hailing firm Grab with $21 million fine
KUALA LUMPUR — Malaysia's competition watchdog on Thursday threatened to hit Grab with a $21 million fine for practices that allegedly reduce competition, the latest problem for the ride-hailing giant.Grab is the biggest ride-hailing firm in Southeast Asia, and has strengthened its hold on the market since buying US rival Uber's operations in the region last year.But the Singapore-headquartered firm has come under scrutiny from regulators in several countries due to concerns about its dominant position.The Malaysia Competition Commission proposed fining Grab almost 87 million ringgit ($21 million) for preventing its drivers from providing advertising services for the company's competitors.This had the effect of "distorting competition" by creating barriers to...
October 03, 2019

Malaysia threatens ride-hailing firm Grab with $21 million fine

Alison Cooper
Tobacco giant Imperial says CEO stepping down
LONDON — British tobacco giant Imperial Brands, which recently warned over a backlash against vaping in the United States, said on Thursday that Chief Executive Alison Cooper is stepping down.Cooper, who served nine years as CEO and has been at Imperial for 20 years, will leave once her successor has been appointed, Imperial said in a statement that gave no reason for her departure."Alison has worked tirelessly and with great energy and passion... and the board would like to thank her for the tremendous contribution she has made," said Chairman Mark Williamson."During her tenure as chief executive, the business has been significantly simplified and reshaped to strengthen its long-term growth potential, and more than £10 billion ($12 billion, 11 billion euros) in dividends...
October 03, 2019

Tobacco giant Imperial says CEO stepping down

Developing country debt jumps to $7.8tn in 2018
WASHINGTON — Total foreign debt held by developing nations jumped more than five percent to $7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.But the data show an increasing share of countries where the debt burden is rising, according to the International Debt Statistics Report.A growing appetite for yuan-denominated debt was behind a 15 percent surge in China's debt level, which helped push up the total, the World Bank said in a statement.Loans from multilateral lenders surged 86 percent but that was almost entirely due to the International Monetary Fund's record aid to crisis-battered Argentina.Excluding the top 10 borrowers, foreign debt rose by just four percent, the World Bank said.Borrowers in sub-Saharan Africa saw debt levels...
October 02, 2019

Developing country debt jumps to $7.8tn in 2018

farming
Revolutionizing urban farming
DUBAI — In a report for CNN’s Dubai Tech, the series examines how the city is at the forefront of urban farming through a startup utilizing software which enables communities to grow fresh produce on their doorstep.CNN speaks up to Stuart Oda, the CEO and founder of Alesca Life, who outlines how the company operates: “Alesca Life is an agricultural technology company and we build indoor farms. The indoor farms are hydroponic, so we grow in the absence of soil and then they're also indoor, which means that we grow in the absence of sunlight.”Alesca Life transform old shipping containers into localized farms, which cuts the economic and environmental costs associated with importing food. The containers are also fitted with various sensors to monitor and track the growth of the...
October 02, 2019

Revolutionizing urban farming

Helal Saeed Almarri
Accenture once again GITEX Technology Week’s Digital Transformation Partner
DUBAI — Accenture has extended its agreement with Dubai World Trade Centre (DWTC) to serve as the Exclusive Digital Transformation Partner of GITEX Technology Week, the biggest tech show in the MENA region and South Asia, marking the fifth consecutive year that Accenture will hold the role.At the event, which runs Oct. 6–10 at DWTC, Accenture will announce the results of its latest Accenture Middle East Innovation Maturity Index report. Mike Sutcliff, group chief executive of Accenture Digital, will headline a high-level session on the first day highlighting the latest regional and global case studies related to transformative technologies presented in the report.In line with the theme of GITEX Technology Week, ‘Synergising the Mind and Technology Economy’, Accenture will also host...
October 02, 2019

Accenture once again GITEX Technology Week’s Digital Transformation Partner

DSC_1214_resized
EgyptAir, Rixos Seagate host fam trip for Saudi travel agents
SHARM AL-SHEIKH — EgyptAir, a member of Star Alliance in collaboration with Rixos Seagate, the international luxury lifestyle resort hosted top level managers from Saudi travel agencies to a familiarization visit to the beautiful ultra all-inclusive resort by the splendid shores of the Red Sea. Located within proximity to both the international airport and the center of Sharm El Sheikh.The objective of the fam trip was for these agents to gain a comprehensive overview and understanding of the destination, and to connect with local industry suppliers so that they could create customized travel itineraries for their clients visiting from China.The delegation was greeted by Mohammed Abdulnabi, Egyptair General Manager for Saudi Arabia, Ahmed Wajdi, Egyptair regional manager in Jeddah and...
October 02, 2019

EgyptAir, Rixos Seagate host fam trip for Saudi travel agents

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