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6001 - 6010 from 16533 . In "BUSINESS"
Saudi Arabia’s Islamic finance market set to grow
DUBAI/JEDDAH — Saudi Arabia's Islamic finance market is set to grow with demand from corporate and retail clients, and supportive regulations, Moody’s Investors Service said in a report published Tuesday.The kingdom had Islamic finance assets of $299 billion as of March, making it the world's biggest market, and leaving Malaysia a distant second with $134 billion. Moody's expects Islamic finance penetration in the kingdom to increase to 80% of system-wide loans over the next 12 to 18 months, from 77% in 2018.Saudi Arabia's Islamic finance market, already the largest in the world, is set to expand on demand from corporate and retail clients, and a supportive regulatory environment, Moody's said."Islamic finance is growing faster than conventional banking in the...
September 17, 2019

Saudi Arabia’s Islamic finance market set to grow

Najibah Al-Makki
Najibah Al-Makki first Saudi woman voted to compete in EMEA Barista Championships
RIYADH — Starbucks announced that Najibah Al-Makki has qualified for the EMEA Barista Championship, which will be held in London, becoming the first Saudi woman to participate in this international competition. She qualified after winning the local tournament in Saudi Arabia and the Middle East tournament in Kuwait.Najibah Al Makki joined Starbucks when employment was opened for girls in 2018. Her passion for coffee led her to work for this international coffee brand.Commenting on her qualification for the EMEA Barista Championship, Al-Makki said she is looking forward to learning more about coffee, setting an example for her colleagues in Starbucks, and representing the brand in the best way.“I am very proud to be the first Saudi woman in the barista championship, and I will do my...
September 17, 2019

Najibah Al-Makki first Saudi woman voted to compete in EMEA Barista Championships

Cutting of the ceremonial ribbon during the opening of the Mexican Gastronomic Festival at InterContinental Hotel
‘Mexican Gastronomic Festival’ at InterContinental Hotel Riyadh
RIYADH — September has come again with a new iteration of the Mexican Gastronomic Festival at InterContinental Hotel. This time, it is led by renowned chef Aldo Servin, Executive Chef at “Traspatio Restaurant” in Los Cabos, Mexico.Tariq Dowidar, Area General Manager for IHG Government Hotels, said he was happy to be able to bring to the Kingdom this cultural experience once more. He added that the festival will take place in Al-Bustan Restaurant of the InterContinental Riyadh from 7:00 p.m. to 11.30 p.m. daily from Sept. 16 to 22.The Chargé d’Affaires of the Embassy of Mexico in Saudi Arabia, Min. Eduardo Hector Moguel Flores addressed the attendees of the opening ceremony: Saudi officials, ambassadors, special guests and members of the media alike. He reminded the guests of the...
September 17, 2019

‘Mexican Gastronomic Festival’ at InterContinental Hotel Riyadh

Strategic partnership formed to boost tourist locations in Arab world
JEDDAH — The Arab Tourism Organization (ATO) signed a strategic partnership agreement with the Arab Tourism Gate @ArabTourismGate, which aims to promote and market the most important tourist destinations in the Arab world.On this occasion, Dr. Walid Al-Hinnawi, Assistant Secretary-General for Media and Events Affairs, said "this agreement is a step forward in achieving the objectives of the sustainable tourism development of the Arab Tourism Organization and Tourism and Travel in the Arab World."He expressed his happiness in cooperation with the "Arab Tourism Gate" as the platform, which has 130,000 followers on Twitter, which will soon initiate an electronic magazine whose main objective is to revitalize Arab tourism and publish tourism news and recent developments...
September 17, 2019

Strategic partnership formed to boost tourist locations in Arab world

Pic
Saudia Cargo enhances its presence in Europe, Africa
JEDDAH — Saudi Airlines Cargo Company enhanced its presence in the African and the European continents adding new freighter flights alongside extra belly-capacity onboard Saudia passenger flights during the high season aiming to increase its network capabilities starting this September. Saudia Cargo added a second additional weekly freighter flight to operate on Tuesday and Thursday to JFK Airport in New York via LGG Airport in Liege, Belgium by a 747-400F freighter aircraft.Moreover, Saudia Cargo has become the largest player in the Kenya-Europe market by adding four weekly freighter flights from Nairobi airport to Europe as a total of 11 flights per week. In addition, the company added an additional flight to Khartoum International Airport via a 777F aircraft. Last June, Saudia Cargo...
September 17, 2019

Saudia Cargo enhances its presence in Europe, Africa

Oil prices surge as tension grows
LONDON — Oil prices saw their biggest daily gain since the 1991 Gulf War on Monday after drone attacks on two Saudi oil facilities, fuelling fresh geopolitical and growth fears.Europe's benchmark Brent crude surged by 20 percent and US counterpart WTI by 15 percent as commodities trading got underway after President Donald Trump warned that the US was "locked and loaded" to respond to the attacks that Washington blamed on Iran.Brent North Sea crude jumped 12.2 percent at $67.55 per barrel, while West Texas Intermediate surged 11.7 percent at $61.24.Both contracts later came off their peaks, but were still up around 12 percent at the close of European trading.The price surges weighed across world stock markets on fears that a sustained higher cost of crude could impact...
September 16, 2019

Oil prices surge as tension grows







From left: Thuraya Batterjee, Deputy CEO - Waad Holding;  Keith Miller, Executive Principal - Waad Academy; Dr. Adel Batterjee, CEO - Waad Holding during a meeting with the parents at the school's auditorium
Waad Academy School nurtures future leaders for brighter tomorrow
JEDDAH — In today’s highly competitive environment, parents believe that education – giving the best possible education to their kids at the outset – is not simply a passport to their future, but the very foundation of the future. For parents nowadays, it is a necessary investment that certifies greater productivity in the long run both to the kids and to the society. To this end, Waad Academy K12 school in Jeddah heeds the call. Founded in 2015, its 2 main campuses serve both boys and girls, offering primary and upper grades. With a vision “to bring out every child’s full potential by re-engineering education”, it adheres to Cambridge International Examinations curriculum that guarantees essential skills to primary and secondary students for success at university and in...
September 16, 2019

Waad Academy School nurtures future leaders for brighter tomorrow

Ayman Amin Sejiny, CEO of ICD, holds talks with Samir Suleymanov (Director, Strategic Initiatives, World Bank) and Ms. Wendy Teleki, Head of Women Entrepreneurs Finance Initiative (We-Fi) on Sept. 14  at ICD premises in Jeddah
ICD and We-Fi meet to build a better world for women entrepreneurs
JEDDAH — With the aim to discuss how the Islamic Corporation for the Development of the Private Sector (ICD) and Women Entrepreneurs Finance Initiative (We-Fi) can expand their relationship and integrate the gender themes into ICD’s operations and businesses, a meeting was held between Ayman Amin Sejiny (CEO of ICD), Ms. Wendy Teleki (Head of We-Fi secretariat), and Samir Suleymanov (Director Strategic Initiatives, World Bank) at ICD’s premises in Jeddah on Sept.14, 2019. The parties discussed the development and promotion of women’s entrepreneurship through innovative sustainable solutions to increase women’s access to economic opportunities in developing countries.Ms. Teleki highlighted the main objectives of We-Fi which is to support women entrepreneurs around the world...
September 16, 2019

ICD and We-Fi meet to build a better world for women entrepreneurs

A view of Bahrain.
Bahrain best place for expats in Middle East: Study
MANAMA — Bahrain has beaten a host of regional competitors to be the best destination for expats to work, live, and raise a family in the Middle East and North Africa in the 2019 InterNations Expat survey, consolidating its leadership position from 2018.Judges praised the Kingdom's welcoming culture and relaxed lifestyle, cementing the country as a haven for expats – with strong historical ties to the financial services and real estate industries and an increasingly strong standing in the technology sector.In the InterNations survey, Bahrain finished first or second in the region across all the key metrics. It came first in the region for 'ease of settling in', 'quality of family life' and 'cost of living', which is very favorable when compared to GCC...
September 16, 2019

Bahrain best place for expats in Middle East: Study

Sheikha Maryam Al Qasimi, Government Relations and Protocol Specialist for Lead Ventures, cuts the ceremonial ribbon
Second Artificial Intelligence Week kicks off in Dubai
DUBAI — IQPC Middle East’s second Artificial Intelligence Week was hosted at the Oberoi Hotel Dubai and organized with the official support of the Department of Health – Abu Dhabi.Inaugurated by Sheikha Maryam Al Qasimi, Government Relations and Protocol Specialist for Lead Ventures at The Office of Sheikh Sultan bin Abdullah Al Qasimi, and Sheikh Majid Al Mualla, Divisional Senior Vice President International Affairs at Emirates, the event saw participation from influential and leading organizations including the Prime Minister’s Office, Dubai Healthcare City Authority – Regulation (DCHR), UAE’s Ministry of Health and Prevention, Smart Dubai, ING, Commercial Bank of Dubai, Al Zahra Hospitals, Saudi Aramco, King Abdulaziz City of Science and Technology, and many more.Knowing...
September 16, 2019

Second Artificial Intelligence Week kicks off in Dubai

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