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skyworth
Skyworth ignites the future of AIoT at IFA 2019
BERLIN — Skyworth, the pioneer in big-screen AIoT and a leading appliance manufacturer, unveiled its full line of new smart household appliances at IFA 2019 in Berlin. The new line demonstrates Skyworth's commitment in leading the industry under the new AIoT era.This year's IFA was all about "Connectivity". With voice control and artificial intelligence (AI) becoming more prevalent, household appliances have also started combining and connecting the functions and features of several devices via AIoT to enable consumers with linking everything at their finger-tips. As a leading innovator in the industry, Skyworth fully leverages its proprietary Swaiot system to build to a wide spectrum of smart home appliances. This perfectly resonates with Skyworth's vision in...
September 07, 2019

Skyworth ignites the future of AIoT at IFA 2019

Greek Prime Minister Kyriakos Mitsotakis
Greek PM set to outline tax cuts, structural reforms
ATHENS — Greece's prime minister is expected on Saturday to detail tax cuts for companies strained by years of austerity, while also promising pro-business reforms aimed at convincing lenders to ease the nation's fiscal target from 2021.Conservative premier Kyriakos Mitsotakis was elected two months ago, replacing his leftist predecessor Alexis Tsipras on pledges to revamp Greece's economy a year after the end of its third international bailout.Greece remains under financial surveillance to ensure it meets its fiscal targets, and Mitsotakis says his government is confident of achieving a primary budget surplus -- which excludes debt-servicing costs -- of 3.5% of GDP in 2019 and 2020, as agreed with European lenders.He hopes, however, that foreign creditors will be persuaded...
September 07, 2019

Greek PM set to outline tax cuts, structural reforms

IRTI publishes 5 new books with Palgrave Macmillan and Springer
JEDDAH — The Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank (IsDB) Group, has published five new books with reputable international publishers during 2019, as part the Institute’s initiatives for knowledge creation and dissemination in Islamic economics and finance.Four of the books were published with Palgrave Macmillan and one with Springer. In addition, IRTI solely published one other book during the year. Comprising proceedings from international conferences, the books discuss contemporary issues in the Islamic financial industry and recommend policy actions to foster socio-economic development.Editors of the books are mostly IRTI senior professionals, while the contributors are from research and financial institutions in various countries...
September 07, 2019

IRTI publishes 5 new books with Palgrave Macmillan and Springer

Nabil Alhoshan
BAJ’s accession to MSCI reinforces images of listed firms
RIYADH/JEDDAH — The Saudi Stock Exchange (Tadawul) announced the successful completion of its full inclusion into the MSCI Emerging Markets Index, which brings the Kingdom’s weighting to 2.8 % of the index’s total market capitalization, with 31 Saudi listed companies included the Index.Inclusion to the index were phased in two tranches with a 50% inclusion factor for each. The implementation of the first tranche took place in May, 2019 while the implementation of the second tranche occurred last August 28, 2019.Commenting on the listing of BAJ in the MSCI Emerging Markets Index, Nabil Alhoshan, CEO and Managing Director of BAJ, said: “All BAJ staff are very proud of this achievement. The listing in this Index will further enhance the positive image of Saudi banks and companies and...
September 07, 2019

BAJ’s accession to MSCI reinforces images of listed firms

Badr bin Ahmed Al-Marzouki (right) , Marketing Manager of Altalayi Company Limited, and Walid Karanouh, Executive Director of PR Arabia
Altalayi taps PR Arabia to further boost market
JEDDAH — Altalayi Company Limited has closed an agreement with PR Arabia for media services covering all media communications, products promotion, set out media plans and consultancy.The agreement was signed by Badr bin Ahmed Al-Marzouki, Marketing Manager of Altalayi Company Limited, and Walid Karanouh, Executive Director of PR Arabia.Badr Al-Marzouki said: "This arrangement is anticipated to raise the awareness of Altalayi Company Limited and its products in the Saudi market. This cooperation between the two parties will enhance Altalayi Company Limited continued commitment to its current and potential customers through introducing them to all brands and services that we represent.”Karanouh said PR Arabia is constantly looking for a new concept and innovative ideas to provide...
September 07, 2019

Altalayi taps PR Arabia to further boost market

Lal Karsanbhai
Emerson buys Spence and Nicholson steam technology product lines
DUBAI —Emerson (NYSE: EMR), a global engineering and technology company,on Saturday announced it has acquired the Spence and Nicholson product lines from Circor International (NYSE: CIR). The acquisition complements Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings.The Spence and Nicholson lines are established industry-leading products that include steam regulators, control valves, safety relief valves, temperature regulators, steam traps and othersteam accessories and solutions.“This addition to our Final Control business demonstrates the continued value of bolt-on acquisitions that fill strategic gaps in our portfolio and diversify our product offerings in growth markets,” said Lal Karsanbhai, executive president of Emerson’s...
September 07, 2019

Emerson buys Spence and Nicholson steam technology product lines

Y.J. Kim, President of Samsung Electronics KSA,  shows off Galaxy Note10 and Note10  for the first time in Saudi Arabia
Samsung launches Galaxy Note10 in Saudi Arabia
JEDDAH — Samsung Electronics Co., Ltd. officially launched their new lineup of premium smartphones, the Galaxy Note series, including the Galaxy Note10 and Note10+ for the first time in the Kingdom. This year’s models celebrate 10 years of innovation, unparalleled quality and performance, designed with latest technology to enhance Saudi consumers’ smartphone experience.The new Galaxy Note10 series was revealed at a grand event held in Hilton hotel in Jeddah, in the presence of Y.J. Kim, President of Samsung Electronics KSA, as well as a number of Samsung representatives.“We are pleased to launch the all-encompassing Samsung Galaxy Note10 series in the Kingdom, as these devices are the culmination of a decade of innovation and progress of our biggest flagship series. The Note series...
September 07, 2019

Samsung launches Galaxy Note10 in Saudi Arabia

Aramco expands downstream investment in China Zhejiang Free Trade Zone
DHAHRAN — Saudi Aramco on Friday signed a Memorandum of Understanding (MoU) with China’s Zhejiang Free Trade Zone, in which the Zhoushan government emphasized its support for incentivizing Saudi Aramco’s greater investment in Zhejiang’s future downstream growth.The MoU was signed in conjunction with a visit to Saudi Aramco’s headquarters in Dhahran by Yuan Jiajun, governor of the Chinese province of Zhejiang.Together with prior agreements signed during Crown Prince Muhammad Bin Salman’s visit to China in February this year, this MoU facilitates Saudi Aramco’s planned acquisition of a 9% stake in the Zhejiang integrated refinery and petrochemical complex.It will also include a long-term crude oil supply agreement and the ability to utilize Zhejiang Petrochemical’s large...
September 06, 2019

Aramco expands downstream investment in China Zhejiang Free Trade Zone

Guenter Butschek, Tata Motors, CEO and Managing Director, attends a news conference announcing the company's quarterly results in Mumbai, India, in this file photo. — Reuter
'Here and now': India's auto industry urges government action to fight slowdown
NEW DELHI — India's top auto industry executives called for the government on Thursday to take urgent steps to revive a sector crippled by plunging sales, leading to hundreds of thousands of job losses and lower production.Indian auto sales are set to drop for the 10th straight month in August, marking one of the worst slowdowns in the history of the industry, which contributes more than 7% of India's GDP.Several executives at the Society of Indian Automobile Manufacturers conference, India's biggest annual event for automakers, told Reuters the meeting appeared to be far less busy than usual, and reiterated long-standing calls for a cut in the goods and services tax (GST) on vehicles to revive demand.Tata Motors managing director Guenter Butschek warned of dire consequences...
September 06, 2019

'Here and now': India's auto industry urges government action to fight slowdown

A Microsoft logo is seen in Los Angeles, California US, on November 7, 2017. — Reuters
Facebook, Microsoft launch contest to detect deepfake videos
LOS ANGELES — Facebook Inc is teaming up with Microsoft Corp, the Partnership on AI coalition and academics from several universities to launch a contest to better detect deepfakes, the company said in a blog post on Thursday.The social media giant is putting $10 million into the "Deepfake Detection Challenge," which aims to spur detection research. As part of the project, Facebook is commissioning researchers to produce realistic deepfakes to create a data set for testing detection tools.The company said the videos, which will be released in December, will feature paid actors and that no user data would be utilized.In the run-up to the US presidential election in November 2020, social platforms have been under pressure to tackle the threat of deepfakes, which use artificial...
September 06, 2019

Facebook, Microsoft launch contest to detect deepfake videos

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