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ADX partners with FAB on digital wallet payit
ABU DHABI — Abu Dhabi Securities Exchange (ADX) has partnered with First Abu Dhabi Bank (FAB) to distribute cash dividends to its registered investors electronically through the bank’s digital wallet, payit. The digital wallet will empower users to manage their stock exchange requirements through the “ADX Digital Wallet” powered by Payit.With payit, ADX now provides another method of distributing cash dividends to investors through its new portfolio of services which follows the efforts to become more customer-centric. The new service also empowers corporate entities to move away from a manual dividend distribution process through cheques or other means. The platform achieves this new approach through a real- time digital payout model, where investors receive the dividends...
September 10, 2019

ADX partners with FAB on digital wallet payit

Intersec KSA (2)
Intersec Saudi Arabia relocates to Riyadh
RIYADH — The 4th Intersec Saudi Arabia – the Kingdom’s largest trade fair for security, safety, and fire protection – will next year relocate to Riyadh after three successful annual runs in the nation’s red sea port city of Jeddah.Intersec Saudi Arabia 2020, which is organized by the Saudi-based ACE Exhibitions under license from Messe Frankfurt Middle East, will run at the Riyadh International Convention & Exhibition Center (RICEC) on March 23 - 25 and feature more than 100 exhibitors from 20 countries.The move comes as consultancy 6WResearch forecasts the Kingdom’s fire safety systems & equipment market – the largest in the GCC – will register compound annual growth until 2025 of 5.5% reaching a cumulative value of US $402 million. Growth is being driven in part by...
September 10, 2019

Intersec Saudi Arabia relocates to Riyadh

Value of Awarded Contracts by Year (SAR Millions)
Awarded contracts value at SR64.3 billion in Q2 '19
RIYADH — The value of awarded contracts continues the strong momentum that was witnessed during the first quarter to reach R64.3 billion ($17.2 billion). The Q2’19 contract awards grew by 32 percent compared to last quarter and by an impressive 92 percent compared to Q2’18. Furthermore, Q2’19 marks the highest value of awarded contracts by quarter since the second quarter of 2015, when it reached SR64.9 billion ($17.4 billion). As for the value of awarded contracts thus far in 2019 (H1), it reached SR113.2 billion ($30.2 billion). This marks a 101 percent increase compared to H1’18, illustrating the sharp turnaround in construction contract awards thus far in 2019. The value of awarded contracts during H1’19 has already eclipsed the toVzjo10uslr tal value that was witnessed for...
September 10, 2019

Awarded contracts value at SR64.3 billion in Q2 '19

Nasser Al Nasseri, CEO of Barakah One Company and Jong Kap Kim, CEO and President of KEPCO, sign the MoU
BOC, KEPCO to explore potential collaboration on nuclear energy projects
ABU DHABI — Barakah One Company (BOC), a subsidiary of the Emirates Nuclear Energy Corporation (ENEC), has signed a Memorandum of Understanding (MoU) with Korea Electric Power Corporation (KEPCO) in the presence of Korean Vice Minister of Trade Industry and Energy Cheong Seung-Il and UAE Minister of Energy and Industry Suhail Al Mazrouei. The signing took place during the 24th edition of the World Energy Congress, taking place in Abu Dhabi this week.The purpose of the MoU is to provide a general framework that will explore potential opportunities for collaboration between the two entities to develop the ‘Barakah Model’, which aims to seek opportunities in new nuclear energy markets. This could include a range of areas including investment and financing, licensing and safeguards,...
September 10, 2019

BOC, KEPCO to explore potential collaboration on nuclear energy projects

ACWA Power underlines role in sustainable development of the energy and water sectors
ABU DHABI — Prince Abdulaziz Bin Salman Bin Abdulaziz Al-Saud, the Saudi Minister of Energy, toured the Saudi pavilion during the first day of the 24th edition of the World Energy Congress (WEC). The flagship event is being held in Abu Dhabi for the first time in the Middle East, on Sep. 9-12 at the Abu Dhabi National Exhibition Centre (ADNEC).ACWA Power, a global leader in water desalination and power generation joined over 15,000 attendees and 66 ministers at this year’s World Energy Congress (WEC) to highlight ACWA Power’s position as a global total solution provider across the power and water sectors.On the sidelines of the Congress, ACWA Power signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST), inaugurating the KAUST –...
September 10, 2019

ACWA Power underlines role in sustainable development of the energy and water sectors

Saudi Arabia to host MONIN CUP 2019
JEDDAH — Bidfood KSA and Georges MONIN SAS France announced that for the first time ever Saudi Arabia will host MONIN CUP 2019.All mixologist and beverage specialists from all across the kingdom are invited to register online and secure a chance to be the MONIN Champion in Saudi Arabia and win up to $2000. The competition will be held under the theme ‘Mix your Origins’. Each candidate can seek inspiration from the best of local and natural ingredients or from Saudi culture and cuisine.Applying beverage specialist must be 35 years old or younger and should have at least 2 years of professional work experience as a beverage mixologist, bartender, barista or a student at a culinary center. They must submit two recipes for a non-alcoholic beverage using MONIN’s products – one hot and...
September 10, 2019

Saudi Arabia to host MONIN CUP 2019

MG5
Taajeer Group unleashes all-new compact sedan MG5
JEDDAH —Taajeer Group, the exclusive dealer for MG cars in Saudi Arabia, announced the launch of all-new compact sedan 2020 at its showroom in Jeddah and through its authorized dealers, in an important step to emphasize its commitment to provide the most suitable models in terms of fuel and economic price.Engineer Hazm Jamjoom, COO of Taajeer Group, said: “The unveiling of the new model underscores Taajeer's commitment to collaborating with its partners MG Motor to provide customers with the latest and most budget-friendly models, it is the modern MG5 model that has all the specifications to suit medium-sized families looking for a perfect model technically and economically," and added: "with the launch of this model, Taajeer Group, in partnership with its partners MG, is...
September 10, 2019

Taajeer Group unleashes all-new compact sedan MG5

IHMEC partakes in Global Health Exhibition in Riyadh
RIYADH — IHMEC is taking part in the three-day Global Health Exhibition that opens in Riyadh today (Sept. 10) to share the knowledge of infection prevention and control with built environment.The Indoor Hygiene Guidelines and solutions, together with new antimicrobial materials, offer new ideas to transmission prevention measures and enable sustainable investments. Through collaboration, the Indoor Hygiene Guidelines could be adjusted according to the national regulations of Saudi Arabia.One of the objectives of the Saudi Vision 2030 is to increase the capacity to welcome Umrah and Haj visitors from 8 million to 30 million every year. Therefore, it is important to improve the level of infection control to reduce the incidence of infection through effective sanitation, hygiene and...
September 10, 2019

IHMEC partakes in Global Health Exhibition in Riyadh

china
Award for reducing antibiotic resistance in the layer industry
GUANGZHOU, China — On August 28-29, the BBS & Excellent Product Award Ceremony for Reducing Antibiotic Resistance for the Layer Industry was held in Guangzhou.China's Ministry of Agriculture and Rural Affairs reiterated that, starting from January 1, 2020, China's livestock industry will face the challenge of reducing antibiotic resistance. For layer-breeding enterprises, food safety is the bottom line, and the production of safe eggs without drug residue is the most basic requirement.The introduction of the new policy is also an opportunity for industrial upgrading. To further discuss the topic, the technical organization of Guangdong's poultry industry invited well-known domestic and international experts and representatives of leading layer enterprises in China, totaling...
September 09, 2019

Award for reducing antibiotic resistance in the layer industry

Takreem_
IBM reappointed to Council on ‘Doing Business in Africa’
NEW YORK — The US Secretary of Commerce Wilbur Ross, has announced that the Department of Commerce, on behalf of the President of the United States, has reappointed Takreem El Tohamy, IBM’s General Manager for the Middle East and Africa, to the US President's Advisory Council on Doing Business in Africa (PAC-DBIA).The PAC-DBIA was established in 2014 to provide analysis and recommendations to the US President, through the Secretary of Commerce, on strengthening commercial engagement between the United States and Africa. In its third term, 2019-2021, the PAC-DBIA will continue to play a critical role informing US government policies and activities across the continent, particularly in advancing the economic pillar of the Trump Administration's Africa Strategy through Prosper...
September 09, 2019

IBM reappointed to Council on ‘Doing Business in Africa’

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