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6031 - 6040 from 16533 . In "BUSINESS"
Interpack 2020 to be held at Düsseldorf Exhibition Centre
RIYADH — The German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) hosted, in cooperation with the Messe Düsseldorf, a presentation and official press conference in Riyadh to promote the Interpack 2020.Bernd Jablonowski, Global Portfolio Director Processing & Packaging form the Messe Düsseldorf GmbH, Christian Traumann, President of Interpack 2020 as well as representatives of GESALO welcomed the professional audience last Sept. 10 at 8 AM in the Moevenpick Hotel Riyadh.The avid interest taken by exhibitors in the run-up to interpack 2017 that brought the world’s biggest and most important trade fair of the packaging sector and related process industries record attendance of 2,865 companies, was followed by trade fair days from 4 to 10 May with high spirits and further...
September 14, 2019

Interpack 2020 to be held at Düsseldorf Exhibition Centre

Siemens agrees to rebuild Baji plant in Iraq
Siemens, Orascom to rebuild 1.6 GW power plant in Iraq
BAGHDAD — Siemens and Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The plants will have a combined generation capacity of 1.6 gigawatts when completed and are a major step in Siemens roadmap for rebuilding Iraq's power sector that has already added more than 700 megawatts to Iraq’s grid.Work at Baiji, which is about 250 km north of Baghdad, will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the Ministry of Finance. The projects are expected to be completed within 28 months after the financial closing.The power plants in Baiji were severely damaged by Islamic State militants. Recovering the lost capacity from the plants...
September 14, 2019

Siemens, Orascom to rebuild 1.6 GW power plant in Iraq

Khalifa Salem Al Mansouri
ADX distributes over AED25 billion in cash dividends to investors
ABU DHABI — Abu Dhabi Securities Exchange (ADX) announced that it has distributed more than AED 25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95% increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi.The numbers speak for themselves: 398,220 UAE investors received their profits compared to 155,589 investors from other GCC nations, and 18,965 foreign investors, while cash dividends were distributed to 7442 institutional investors.Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, said: “The increase in the size of cash dividends is a clear sign of how well ADX listed companies are performing. It also shows the attractiveness of...
September 14, 2019

ADX distributes over AED25 billion in cash dividends to investors

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3rd Saudi Logistics Conference in Riyadh to focus on key issues
RIYADH – The 3rd Saudi Logistics Conference being organized in Riyadh next month will discuss a host of key issues relating to supply-chain management and the logistics sector.The three-day conference to be held at the Four Seasons Hotel on Oct. 13-15 under the patronage of Minister of Transport Nabeel Mohamed Al-Amudi will be attended by a number of ministers, officials and decision-makers from the Kingdom and abroad.Some of the key issues to be discussed at the conference include, “Simplifying the concepts of supply chain technology and logistics, and the future of logistics services in the Kingdom in the digital age”.Discussions will also focus on renewable energy and supply chain issues, future logistics projects, as well as analyzing big data and its impact on companies and...
September 14, 2019

3rd Saudi Logistics Conference in Riyadh to focus on key issues

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UBT and HALJ hold training program for project managers
JEDDAH — In line with Vision 2030 to qualify practitioners with international standards and competencies, the Executive Education of the University of Business and Technology (UBT) in Jeddah trained a number of senior and middle managers of Hadia Abdul Latif Jameel Real Estate Investment Company in Project and Risk Management.The four-day international certification program, which was delivered by the chartered and expert trainer in Project Management Mark Reeson, covered different aspects such as project and program management, project lifecycle in business, organization and quality, project plans and stakeholder management, scope management and estimation, scheduling and resource management, risk management, change control, configuration management, and cost management.The training...
September 14, 2019

UBT and HALJ hold training program for project managers

Chief guest of honor Eng. Majed Abdulaziz Alfarraj, Director General of the Ministry of Environment, Water and Agriculture, Riyadh branch,  unveils the LuLu paperbags in the presence of Shehim Mohammed, Director – KSA, LuLu Saudi Hypermarkets, at LuLu Hypermarket, Atyaf Mall last September 10
LuLu introduces paper bags for environment-friendly shopping
RIYADH — LuLu Hypermarkets, the region’s top retailer, unveiled its reusable bags and paper bags across its stores in the Kingdom of Saudi Arabia, as an environment-driven campaign to reduce plastic consumption and promote environment protection in line with LuLu’s social initiatives coinciding with the Saudi National Day celebration on September 23. Apart from the reusable bags, LuLu introduced new paper bags also to bring multiple options on shopping bags to the customers.The newly launched bags were introduced in a special function inaugurated by chief guest of honor Eng. Majed Abdulaziz Alfarraj, Director General of the Ministry of Environment, Water and Agriculture, Riyadh Branch, in the presence of Shehim Mohammed, Director – KSA, LuLu Saudi Hypermarkets, at LuLu Hypermarket,...
September 14, 2019

LuLu introduces paper bags for environment-friendly shopping

Alexander Novak, Minister of Energy, Russian Federation, participates in the panel discussion
Bold new ideas by startups key to a successful future for established firms
ABU DHABI — World Energy Congress supports and inspires the leaders, innovators and thinkers of tomorrow.During the fourth and final day of the 24th World Energy Congress, the session ‘Startup Energy Transition: The Power of the Bold’ saw a panel of experts – among them the winners of this year’s Startup Energy Transition Award – debate, discuss and predict the most pressing energy challenges the world will face in years to come.Marwan Bin Haidar, Executive Vice President of Innovation & The Future, Dubai Electricity and Water Authority (DEWA), joined the delegates to consider the new business models, technologies and ideas that will be at the forefront of the industry’s ongoing transition.Bin Haidar explained that all companies must “innovate or stagnate” and that...
September 14, 2019

Bold new ideas by startups key to a successful future for established firms

Dr. Fahad Alshathri delivers the opening keynote address at the second edition of the Corporate Restructuring Summit held in Dubai on Thursday
Regulators urged to proactively manage debt systematically
DUBAI — Saudi Arabia’s reforms have improved the ease of doing business in the Kingdom, Dr. Fahad Alshathri, Deputy Governor – Supervision, Saudi Arabian Monetary Authority (SAMA), said.Delivering the opening keynote address at the second edition of the Corporate Restructuring Summit held in Dubai on Thursday, Alshathri stressed on the need for regulators to proactively manage problem debt in a systematic, proactive and focused approach, saying “it is important to use robust debt restructuring processes to ensure the survival of businesses. Avoiding bankruptcies of potentially viable businesses will not only help preserve jobs in our region, but can also be a driver of economic growth.”He noted “corporates and banks need to work together in this process. We as regulators would...
September 14, 2019

Regulators urged to proactively manage debt systematically

During the launch of Corporate Governance Fundamentals online platform at Pearl Initiative’s MSME round table
Online platform for MSMEs launched
DUBAI — The Pearl Initiative, a business-led non-profit organization promoting corporate accountability in the Gulf Region’s private sector, has taken the next big step in fortifying the governance atmosphere for one of the Gulf’s most prolific economic sectors – micro, small and medium-sized enterprises (MSMEs) – by launching a unique digital platform in the Gulf region at a recent roundtable event.Titled Corporate Governance Fundamentals, the platform is a dedicated center designed to help MSMEs build and improve their corporate governance practices.Powered by the leading expertise of the Pearl Initiative, the Corporate Governance Fundamentals platform features 16 toolkits and templates, 11 graphic guides, and 11 educational videos. The platform provides information that will...
September 14, 2019

Online platform for MSMEs launched

Cutting of the ceremonial ribbon
Dur launches specialized hospitality training school with global standards
RIYADH — Dur Hospitality announced the launch of an internal training academy specialized in hospitality disciplines at an event held in the presence of the company’s CEO Sultan Al Otaibi and a number of its senior officials, in addition to a group of notable local and international industry professionals.In this regard, Dur’s CEO reiterated the importance of this step on a national level and highlighted the company’s pioneering role in establishing the academy aimed at equipping local talents interested in working in this industry with the necessary skills and qualifications. He added that the academy’s goals also include training current Dur employees with knowledge and applied skills they need to succeed. He elaborated that the academy will operate in two phases, with the...
September 14, 2019

Dur launches specialized hospitality training school with global standards

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