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6121 - 6130 from 16533 . In "BUSINESS"
dar al arkan logo
Dar Al-Arkan joining MSCI enhances its global visibility
JEDDAH — Dar Al-Arkan is one of the 31 Saudi companies that have joined the MSCI Emerging Markets Index as part of the Saudi Stock Exchange (Tadawul) inclusion into this index.Yousef Al-Shalash, Chairman of Dar Al-Arkan Real Estate Development Company, said: "We congratulate the Saudi Stock Exchange Market on its successful inclusion into the MSCI EM Index, a historic achievement to be added to the Kingdom’s series of achievements. This reflects on the strength of the Saudi stock market which will now be classified among the leading global emerging markets allowing it to attract more investors in line with Vision 2030 and under the umbrella of the Financial Sector Development Program.Dar Al-Arkan is delighted to be part of this historic achievement for Tadawul and is proud to be...
September 04, 2019

Dar Al-Arkan joining MSCI enhances its global visibility

Deal with STC a part of Panda Retail Company strategy to develop and provide world-class smart infrastructure
Panda offers free Internet within its markets
JEDDAH — Panda Retail Company has signed an agreement with Saudi Telecom Company (STC) to develop data communication networks to serve Panda customers to the fullest and provide free Internet within Panda markets, and many aspects of future cooperation between the two companies.This step supports the strategy of Panda Retail Company which aims to develop and provide world-class smart infrastructure.The signing ceremony took place at Savola Tower on Jeddah Corniche in the presence of Panda Retail CEO Dr. Bandar Talaat Hussain Hamooh and Vice President of Corporate Sales at STC Business Unit Eng. Mohammed Abdulaziz Alhakbani.Dr. Bandar Hammouh expressed his happiness for the fruitful cooperation with STC which aims primarily to serve Panda's clients to the fullest.He stressed that the...
September 04, 2019

Panda offers free Internet within its markets

Nautilus interior
Concert hall quality alive in Lincoln Nautilus
RIYADH – One of the first things a driver does in a car is turn on the audio system, which is why a premium audio experience is more important than ever. The exclusive Revel® by Harman audio system in the new Lincoln Nautilus – with its sleek, modern design and spacious interior – is acoustically tailored specifically for the luxury crossover.Lincoln sound engineers have worked tirelessly to deliver premium sound for passengers throughout the Nautilus cabin, via 13 Revel audio speakers, or the available Revel Ultima 19-speaker audio system, and in a choice of two modes – audience or on-stage. Revel Ultima systems also include Clari-Fi, a patented Harman technology that works in real-time to rebuild audio details lost in digitally compressed music. Clari-Fi reconstructs it for an...
September 03, 2019

Concert hall quality alive in Lincoln Nautilus

Mate 20X
Huawei Mate20X (5G) launched
RIYADH — A high-speed network connection has become one the most important demands in modern lifestyle. The need to be always connected plays a huge role and with the growth of modern technology, we have seen network connections grow stronger and faster over the years. Today, we are at the cusp of 5G connectivity and standing upfront is Huawei, a brand known for pushing innovations and a reputed name in the 5G sector, with the all-new Huawei Mate20 X (5G), the King of 5G smartphones.Huawei, a brand reputed for its customer-centric innovations, has been working on 5G as early as 2009, investing significant efforts into developing 5G devices, networks and chipsets. Huawei was also the first in the world to announce a multi-mode chipset, the Balong 5000, which is capable of supporting 2G,...
September 03, 2019

Huawei Mate20X (5G) launched

Yazan Barghuthi
Jibrel to launch first globally regulated blockchain-powered private financing platform
DUBAI — Jibrel Network, a blockchain-based fintech company headquartered in Zug, Switzerland, announced Tuesday that it will be launching Jibrel.com — the first fully regulated blockchain-powered private financing platform — after its recent acceptance into the new ADGM (Abu Dhabi Global Market) RegLab cohort in the UAE.Yazan Barghuthi, Jibrel’s co-founder and CEO, said “we are excited to be launching a vertically integrated private lending platform that will take startups from inception to maturity. The platform will increase investor transparency, simplify regulatory oversight and improve liquidity — by providing a streamlined platform to buy, sell and transact startup equity.”As a company, Jibrel’s purpose is to foster open financial systems and digitization powered by...
September 03, 2019

Jibrel to launch first globally regulated blockchain-powered private financing platform

Mattar Al Tayer opens Materials Handling Middle East
2019 edition of Materials Handling Middle East begins
DUBAI — Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA on Tuesday officially opened the 2019 edition of Materials Handling Middle East.The event, which runs until September 5 at the Dubai World Trade Centre (DWTC), is co-located with SPS Automation Middle East, opening to a crowd of logistics, materials handling, automation and e-commerce professionals.Mattar Al Tayer, was joined by Simon Mellor, CEO, Messe Frankfurt Middle East, the show’s organiser, as they toured the show floor meeting with representatives of local and international exhibitors.Now in its 10th edition, Materials Handling Middle East will have a focused futuristic showcase of robotics and automation, ushered in by a rapidly changing industrial landscape.The three-day...
September 03, 2019

2019 edition of Materials Handling Middle East begins

Assad Numan
Uber Eats in Saudi Arabia gets new GM
RIYADH — Uber on Tuesday announced the appointment of Assad Numan as the new General Manager for Uber Eats operations in Saudi Arabia. Following the launch of Uber Eats in Riyadh, Jeddah and Dammam, Numan will be leading the next phase of expansions and developments across the Kingdom.Based in Riyadh and overseeing operations across the Kingdom, Numan’s role will focus on further diversifying Uber Eats’ selection of restaurants in Saudi, while ensuring the company best delivers on the brand promise and offers app users one of the fastest and most reliable delivery experience.Damien Drap, General Manager of Uber Eats in the GCC, said: “With his 15 years of experience in operational management, eCommerce and marketing in Saudi Arabia, we are thrilled that Assad is taking charge in...
September 03, 2019

Uber Eats in Saudi Arabia gets new GM



A European Union flag flutters outside the Cabinet Office in London, Britain. — AFP
UK stands to lose $16b on EU exports
GENEVA — Britain could lose at least $16 billion annually on exports to the European Union if it leaves without a deal and possibly billions more on trade beyond the bloc, UN economists said Tuesday.In a fresh report, the UN Conference on Trade and Development (UNCTAD) found that "a loss of preferences in the EU market consequent to a no-deal Brexit will result in UK export losses of at least $16 billion" (14.6 billion euros), representing seven percent of its overall exports to the bloc.The economists said "this is a conservative estimate," since it only takes into account the raising of tariffs from the current zero percent that Britain pays on exports within the EU."In reality, the losses would be much greater because of non-tariff measures, border controls...
September 03, 2019

UK stands to lose $16b on EU exports

Dubai economic slump to persist to 2022: S&P
DUBAI — A slowdown in Dubai's economy since 2014 is forecast to carry on through 2022 due to low oil prices, fallout from the US-China trade war and political turmoil, Standard and Poor's said Tuesday.Growth in the Middle East's most diversified economy has also been impacted by a deterioration in the key real estate and tourism sectors, the international ratings agency said in a report.Dubai faces high public debt amounting to around $124 billion, or 108 percent of gross domestic product (GDP), divided between the government and state-linked companies, the report said.The emirate's GDP grew at just 1.94 percent last year, its lowest since 2010 when the city state was still recovering from the impact of the global financial crisis and defaulting on its debt.S&P said it...
September 03, 2019

Dubai economic slump to persist to 2022: S&P

100 energy startups to provide glimpse into the future
ABU DHABI — Hi-tech mobile solar containers that can provide energy in remote parts of Africa, an alternative to firewood made of sugarcane waste and a driverless electric haulage vehicle - are among the impressive innovations the top 100 energy transition and climate protection startups will showcase at the World Energy Congress in Abu Dhabi.The fledgling firms were shortlisted as the ‘SET100’ earlier this year from a list of more than 450 nominees from 80 different countries. The Start Up Energy Transition (SET) Awards is a global initiative to reward and encourage pioneers in energy transition and climate protection.The SET100 will now give the 15,000-delegate audience at the World Energy Congress Abu Dhabi a glimpse into the future in the innovation hub area of the event, by...
September 03, 2019

100 energy startups to provide glimpse into the future

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