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6291 - 6300 from 16559 . In "BUSINESS"
US recession seen in 2020 or 2021: survey
WASHINGTON — A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday.The survey came out after President Donald Trump pushed back against talk of a looming recession as a raft of US data reports last week showed a mixed picture on the economy."I'm prepared for everything. I don't think we're having a recession. We're doing tremendously well. Our consumers are rich," Trump told reporters Sunday."I gave a tremendous tax cut, and they're loaded up with money. They're buying. I saw the Wal-Mart numbers, they were through the roof," he said."And most economists actually say that we're not going to have a recession. But the rest...
August 19, 2019

US recession seen in 2020 or 2021: survey

Stock markets rally on fresh trade talk hopes
NEW YORK/LONDON — US stocks surged on Monday, building on previous session's rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies, close on the heels of reports of a potential German economic easing.After the three main Wall Street indexes racked up their third straight weekly loss despite Friday's bounce, investors will look to weigh trade risks and signs of slowing growth against the potential for more action from the US Federal Reserve and others in September.At 11:06 a.m. ET, the Dow Jones Industrial Average was up 260.43 points, or 1.01%, at 26,146.44, the S&P 500...
August 19, 2019

Stock markets rally on fresh trade talk hopes

Radwan Chahrouk
Holistic approach to education key to developing young leaders
JEDDAH — In today’s digital age, there is a generally- held belief achieving a high level of success was only meant for people with special or extraordinary talents. This awareness led to an assertion that education holds the key to achieve the lofty goal, and should begin at the schools.In Saudi Arabia, with various international schools to choose from, Waad Academy stands out with its holistic approach to education that blends international study with thematic Islamic guidance.Radwan Chahrouk, Head of the Academic Department at Waad Academy, said that the Academy’s syllabus is delivered by a world-class faculty in a cutting-edge learning environment. It has been designed to offer a complete education by nurturing every aspect of a learner’s heart, mind and body in order to...
August 19, 2019

Holistic approach to education key to developing young leaders

Harris Pye UAE strengthens its footprint in Egypt
DUBAI – Harris Pye Engineering Group UAE, a global service provider supplying the offshore, marine and industrial sectors, recently signed a contract with Egyptian Joint Stock company, Canal Sugar. As per the terms of the agreement, Harris Pye will supply five 40tph, horizontal, three-pass, and multi-tubular smoke tube boilers to what is expected to be one of the largest beet sugar production facilities in the world.Harris Pye’s involvement with this mega project builds upon the UAE’s reputable business standing by contributing to the country’s capital and workforce. From an Egyptian economy standpoint, the facility will contribute to filling the shortage in sugar production by 75%, providing supplies worth $650 million and exporting by-products worth $120 annually.Harris Pye will...
August 19, 2019

Harris Pye UAE strengthens its footprint in Egypt

5th Cairo WoodShow to highlight innovative practices
DUBAI — Cairo WoodShow, North Africa's leading platform for wood and woodworking machinery, with 120 exhibitors from across 25+ countries and 7,000 visitors, is gearing up to organize its 5th edition at Cairo International Convention Centre on Dec. 5-8, 2019.Held under the patronage of Egyptian government, the event will be held in conjunction with Cairo International Furniture Accessories & Components & Semi-Finished Products Show (CIFAC).At the four-day long Cairo WoodShow, companies from wood and woodwork machinery spectrum will assemble in the heart of Egypt and showcase their latest products and innovations, while CIFAC will give exhibitors an opportunity to exhibit innovative wood accessories.Global wooden furniture market size from commercial applications is projected to...
August 19, 2019

5th Cairo WoodShow to highlight innovative practices

DoubleTree by Hilton Makkah Jabal Omar open
MAKKAH — DoubleTree by Hilton Makkah Jabal Omar opens its doors to guests. The magnificent hotel, with its stylish 448-room and 228 elegant suites, located in the center of the holy city of Makkah, has stunning views over the Grand Mosque (Al Masjid Al Haram). Guests have access to a range of local and international brands in the adjacent Al Khalil mall as well.This hotel is a significant addition to the growing DoubleTree by Hilton portfolio, one of Hilton’s 17 market-leading brands and to the Jabal Omar portfolio of Hilton properties in Makkah.The hotel features modern guest rooms and suites offering guests’ a truly comfortable stayGuests can enjoy aromatic coffee, freshly brewed tea, delightful pastries and tasty savory snacks at the sophisticated Fayrouz Lounge.Zafaran...
August 19, 2019

DoubleTree by Hilton Makkah Jabal Omar open


Abdul Basheer - Regional Director LuLu Hypermarket, Hatim Mustansir Contractor – Regional Director LuLu Hypermarket, Mr. Joe Obrien -  GCC Head Modern Trade Almarai, Mr. Mohammed Alrashed-Regional General Manager, Almarai, Mr.Omar Salim – Executive Vice President, Almarai, Mr. Vincent Edes – Divisional Key Account Manager , Almarai, Yasser Al Qahatai - HR Manager LuLu Hypermarket, .Eid Bin Nazar Al Anaizi - Security Manager LuLu Hypermarket, Mr. Abdulla Hamdan Anaizi - Marketing Manager LuLu Hypermarket, officially announcing Shop at LuLu fly to NASA campaign.
LuLu promotes ‘Fly to Nasa’ campaign for back to school
RIYADH — LuLu, the region’s largest hypermarket chain, presents its back to school promotion featuring “Shop at LuLu Fly to Nasa”, an exciting competition in search for 12 students to experience and visit NASA Centre, USA. In partnership with Almarai, LuLu will hold this two-week campaign for students aged 9 to 18 years to register and join the online activation, alongside bringing in-store offers on school supplies from 21st August to 5th September 2019.Shehim Mohammed, Director of LuLu Hypermarket KSA, said: “We have always taken pride for bringing unique and innovative campaigns for the benefit and adding value for our customers. This is the first time that LuLu will lead a great opportunity to children who have the high potential to grow and learn more while having fun...
August 19, 2019

LuLu promotes ‘Fly to Nasa’ campaign for back to school

Derayah Financial enhances forex contract trading platforms
RIYADH — Derayah Financial, a Riyadh-based leader in investment solutions licensed by the Capital Market Authority, has added forex contract trading services to its offerings to ensure better, safer, and more integrated investment options for investors.Through the recently launched Derayah Global and Derayah Global Plus services, customers can access various investment products and advanced financial instruments, such as Forex Contracts, Contracts for Difference (CFDs), Futures, Futures Options, Warrants, and Fixed Income in Asian, European, and US markets.The advanced and fully integrated Derayah platforms can be used to carry out buying and selling orders, follow real-time prices in international markets, and create follow-up lists for shares, option contracts, and Exchange-Traded...
August 19, 2019

Derayah Financial enhances forex contract trading platforms

George Zhao, President of Honor, at the Honor Vision China Launch
Honor Vision defines future with ‘sharp tech’ innovations
RIYADH — Honor, a leading smartphone brand, officially launched the Honor Vision Series at the 2019 Huawei Developer Conference (HDC). Ushering in a new era for the future of TV.Honor Vision first smart screen product packing in full of Honor’s “Sharp Tech” innovations to give users an intelligent smart screen experience. Equipped with three self-developed intelligent chipsets—the Honghu 818 Intelligent Display Chipset, an AI Camera NPU chipset and a flagship-level Wi-Fi chipset, Honor Vision is also the world’s first smart screen device to carry self-developed HarmonyOS.HONOR Vision is equipped with a flagship Wi-Fi chipset—the HiSilicon Hi1103. As the world’s first chipset to support a 160MHz bandwidth with a download rate of up to 1.7Gbps, the chipset is 1.7 times faster...
August 19, 2019

Honor Vision defines future with ‘sharp tech’ innovations

Nicolas Dujovne
Argentina Treasury minister resigns
BUENOS AIRES — The economy minister for the province of Buenos Aires is set to become Argentina's treasury minister following the resignation of Nicolas Dujovne, government sources told EFE on Saturday.The move comes after Dujovne presented his resignation in a letter to President Mauricio Macri following a financial crisis in the Argentinian market last week — an adverse reaction from investors to the ruling party's defeat in the presidential primaries on Aug. 11.Dujovne believed the government needed "significant renewal” in its economic team amid a crisis which saw the peso plunge this week.Dujovne said in a letter to Argentine President Mauricio Macri that he had given his "all” to the job, helped tame a significant deficit and trim public spending."We...
August 18, 2019

Argentina Treasury minister resigns

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