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Four Seasons Hotel Riyadh honors local community
RIYADH — Four Seasons Hotel Riyadh congratulated the local community on the 89th Saudi National Day.“We are thrilled to celebrate this occasion with our Saudi talent, that we are immensely proud of and their contribution to the success stories at our hotel,” said Guenter Gebhard, general manager of the hotel.To mark this occasion, the hotel is thrilled to present a week full of unique activities and offers.The hotel's National Day rooms offer includes Premium room starting from SR1,925, with buffet dinner or Friday brunchBrunch at Elements for two guests, two tickets per room per stay to visit the Sky Bridge, SparkysSparky’s kid’s zone voucher worth SR100 per day, premium internet access and valet parking.As the hotel strives to promote authentic culinary offerings, “we...
September 24, 2019

Four Seasons Hotel Riyadh honors local community

Investcorp welcomes six new Board members
MANAMA — Investcorp, a leading global provider and manager of alternative investment products, held its Ordinary General Meeting (OGM) of shareholders today at Investcorp House in Bahrain. The OGM was held to discuss and approve Investcorp’s business and financial performance for the fiscal year ended June 30, 2019 as well as other matters, including the election of the new Board of Directors. Six new members were elected to Investcorp’s Board during the OGM, effective immediately. The meeting was chaired by Investcorp’s Chairman of the Board, Dr. Yousef Al-Ebraheem, and its Executive Chairman, Mohammed Alardhi.Mohammed Alardhi said: “We are pleased to welcome the new directors to our Board. We look forward to working closely together and are confident that their wealth of...
September 24, 2019

Investcorp welcomes six new Board members

RIPE NCC conducts training course on IPv6
RIPE NCC and CITC foster deployment of IPv6 in Saudi Arabia
RIYADH – The Réseaux IP Européens Network Coordination Centre (RIPE NCC), in collaboration with Communications and Information Technology Commission (CITC), held five workshops and three training courses to foster the deployment of Internet Protocol version 6 (IPv6) in Saudi Arabia. The course took place over a four-day period at CITC headquarters in Riyadh, Kingdom of Saudi Arabia (KSA), and was attended by CITC, local Internet Service Providers (ISPs), telecom operators and other interested parties.The RIPE NCC conducted three training courses and five IPv6 workshops last Sep. 16-19 16-19, including:• Basic IPv6 Training Course – which elaborated on the imminent IPv4 run-out, the necessity to switch to IPv6 and how to prepare for deployment.• IPv6 Security Training Course...
September 24, 2019

RIPE NCC and CITC foster deployment of IPv6 in Saudi Arabia

Najm new logo
Najm launches awareness initiatives in cooperation with insurance companies
RIYADH — In celebration of the Kingdom’s 89th National Day, Najm for Insurance Services is holding several awareness initiatives and activities on Twitter in cooperation with local insurance companies, with aims to promote the insurance sector as a major contributor to social stability.The initiatives form an annual national day tradition for Najm and encompass exciting competitions with rewards to be won by raffle draws, including 89 items ranging from insurance policies, discounts and giveaways.On this occasion, Dr. Mohammad Al-Suliman, CEO at Najm, extended his sincere congratulations to the leadership, government and people of the Kingdom of Saudi Arabia on its 89th National Day which commemorates the unification of the Kingdom by the late King Abdulaziz Bin Abdulrahman Al Saud. He...
September 24, 2019

Najm launches awareness initiatives in cooperation with insurance companies

Studio Al mashaheer image - approved
Intigral launches ‘Celebrity Studio’ on online platform
RIYADH — Intigral, a leading provider of digital entertainment, sports and related solutions in MENA, has unveiled the launch of its new comedy series ‘Celebrity Studio’ (Studio Al Mashaher) on its online platform ‘Jawwy TV’. After the great success and high ratings of the Saudi series “Galbat Jad” broadcasted a few months ago on Jawwy TV, the new humorous series, “Studio Al Mashaher”, is the 2nd complete Saudi production to be presented on the platform.Spread over 30 half-an-hour episodes, the show will add credit to the platform which aims at producing new entertaining and purposeful content to its audience. The comedy series will debut on Thursday, September 19 and will be broadcasted daily at 6:00 p.m. KSA. The show will feature an elite cast of Saudi actors including...
September 24, 2019

Intigral launches ‘Celebrity Studio’ on online platform

sukuk
Blockchain to reduce cost, support broader adoption of sukuks
JEDDAH — Blockchain can reduce costs and increase speeds by streamlining processes and eliminating redundancies for the financial services industry, Moody’s Investors Service said on Monday. These benefits stem from the significantimprovements blockchain has brought about in respect of 1) operational efficiency (participants verify and validate trade data); 2) transparency (transactions on a blockchain are visible to all members of the blockchain and provide near real-time accounting); and 3) regulatory oversight and reporting (regulators could be provided with access to the blockchain).These features could have significant benefits for the sukuk industry. While the market for sukuk continues to grow steadily – we expect total sukuk issuance is expected to be around $130 billion in...
September 24, 2019

Blockchain to reduce cost, support broader adoption of sukuks

US First Lady Melania Trump (L) visits the New York Stock Exchange, along with NYSE President Stacey Cunningham on Monday in New York.  —  AFP
New York Stock Exchange parent company introduces bitcoin
NEW YORK — The parent company of the New York Stock Exchange (NYSE) will from Sunday offer investors the option to trade Bitcoin, giving the pioneer cryptocurrency further mainstream recognition.Operations will begin at the opening of the electronic financial market at 8:00 p.m. in New York (0000 GMT).Brokers will then be allowed to trade futures contracts on one of the Intercontinental Exchange's (ICE) platforms, by betting on increases or decreases in the currency's value, just as with oil or gold.The cryptocurrency has been trading at around $10,000 per bitcoin.ICE's virtual currency subsidiary, Bakkt, will lead the operation. Launched in August 2018, Bakkt was supposed to begin trading last November but the project was delayed.It was already possible to buy and sell...
September 23, 2019

New York Stock Exchange parent company introduces bitcoin

General Motors workers listen to United Auto Workers (UAW) Local 14 President Denis Earl (C) along the west side of the GM Powertrain Plant on Sept. 18, 2019 in Toledo, Ohio. GM and the UAW, which is leading its first strike against the auto maker since 2007, bargained into the evening yesterday and had plans to continue today over wages and health care, according to published reports citing sources familiar with the negotiations. — AFP
GM workers mark 'Solidarity Sunday' on week two of strike
DETROIT — Union members picketing a sprawling automobile assembly plant in Detroit marked "Solidarity Sunday" as the United Auto Workers (UAW) strike against General Motors entered its second week.Nearly 50,000 GM workers had walked off the job last week, beginning the largest industrial action to hit the carmaker in more than a decade, after talks on a new four-year contract between GM and the UAW hit an impasse.On Sunday, about 250 union members holding up placards reading "UAW on strike" demonstrated outside the Detroit-Hamtramck assembly plant, joined by Democratic presidential contender Elizabeth Warren and sympathetic union members employed elsewhere.The workers insisted they were willing to keep the strike going for as long as necessary."My dad is a...
September 23, 2019

GM workers mark 'Solidarity Sunday' on week two of strike

French pulmonologist Irene Frachon poses with a photobook depicting portraits of
French drugmaker, watchdog on trial over weight loss pill deaths
PARIS — France's medicines watchdog and pharma firm Servier went on trial on fraud and negligence charges on Monday over the use of a diabetes pill prescribed for weight loss that has been blamed for the deaths of hundreds of people.At least 500 people are thought to have died in France after taking the drug Mediator in a major health scandal that was the subject of a 2016 French movie called "150 Milligrams".The film is based on the work of campaigning lung doctor Irene Frachon, who was instrumental in bringing the alleged wrongdoing to light.Safety alerts were first flagged in the mid-1990s, and Frachon raised the alarm after noticing in 2007 an apparent pattern of heart problems in people who had used Mediator.Frachon, one of about 100 witnesses set to testify in the...
September 23, 2019

French drugmaker, watchdog on trial over weight loss pill deaths

Tourists wait at a Thomas Cook company counter at Heraklion airport on the island of Crete on Monday.  British travel group Thomas Cook declared bankruptcy after failing to reach a last-ditch rescue deal, triggering the UK's biggest repatriation since World War II to bring back stranded passengers. The 178-year-old operator had been desperately seeking £200 million ($250 million, 227 million euros) from private investors to save it from collapse. — AFP
ATOL — the guarantee protecting Thomas Cook customers
LONDON — Anxious holidaymakers who purchased vacations with collapsed UK tour operator Thomas Cook will have the safety net of the "ATOL guarantee" to rely on.British travel companies are required by law to hold an Air Travel Organizer's License (ATOL) under a scheme which is based on a European Union directive.The ATOL guarantee scheme is managed by the Civil Aviation Authority (CAA) and covers tourists who have purchased all-inclusive trips with flights and hotels.British tourists remain protected despite the nation's looming departure from the EU at the end of October.The CAA has vowed that everything will be done to bring back the more than 150,000 Britons currently stranded abroad, in the UK's biggest repatriation since World War II.Customers already on...
September 23, 2019

ATOL — the guarantee protecting Thomas Cook customers

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