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Mohamed Yousuf Naghi Motors fosters successful Al Obour exhibition
JEDDAH — Mohamed Yousuf Naghi Motors helped to put Arab art in the driving seat thanks to its successful partnership with the Saudi Art Council for the ‘Al Obour’ contemporary art exhibition. The artistic event, held over three months, saw three-generations of artists from across the Kingdom show a wide range of works alongside the best Arab and international talent from across the Middle East and Europe. As a proud sponsor and partner of the Saudi Art Council and the ‘Al Obour’ exhibition, Mohamed Yousuf Naghi Motors meet all of the transportation requirements of the VIP guests, dignitaries and famous artists in attendance. The official importer and distributor of BMW vehicles in Saudi Arabia, Mohamed Yousuf Naghi Motors supplied a fleet of six luxury BMW 7 Series...
May 06, 2019

Mohamed Yousuf Naghi Motors fosters successful Al Obour exhibition

Saudia Cargo resumes flights to Guangzhou and Mumbai
JEDDAH — Saudi Airlines Cargo Company resumed its freighter flights to Guangzhou in China & Mumbai in India with a weekly freighter flight effective April 1, 2019, aiming to meet the growing demand for cargo operations and stimulate trade movement to/from the Asian continent, in addition to existing 5 weekly flights to Dhaka and 7 weekly flights to Hong Kong. CEO of Saudia Cargo Omar Hariri said: “This operation reflects the company’s policy aiming to enhance and increase trade activities between the Kingdom & both countries.” He added: “Saudia Cargo will mobilize its logistical capabilities to and from both destinations, adding an extra weekly freighter flight to Guangzhou operated by a Boeing 777F aircraft and another to Mumbai, operated by a Boeing 747-400F, offering...
May 06, 2019

Saudia Cargo resumes flights to Guangzhou and Mumbai

ICD inks deal with Mizuho Bank (Malaysia) Berhad
KUALA LUMPUR — The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector development arm of Islamic Development Bank (IsDB) Group, and Mizuho Bank (Malaysia) Berhad, a subsidiary of Mizuho Bank Ltd. yesterday signed a bilateral agreement, signifying another milestone in the continuous strategic partnership between ICD and Mizuho Bank Group. The agreement was signed by Ayman Sejiny, the Chief Executive Officer of ICD, and Shojiro Mizoguchi, Chief Executive Officer of Mizuho Bank (Malaysia) Berhad. During the signing event, Sejiny commended the strong and continuous support and partnership between ICD and Mizuho, stating: “We are delighted to be working with one of our strong partners in the Asia region, the Mizuho Bank Group. The...
May 06, 2019

ICD inks deal with Mizuho Bank (Malaysia) Berhad

AUS engineering competition showcases innovative projects
SHARJAH — Industry experts, academics and students attended the College of Engineering (CEN) Open Day 2019 at American University of Sharjah (AUS) on May 1. The annual event, which displays CEN students’ senior design work with real industrial applications and prototypes, aims to promote and encourage the students to adopt innovative and sustainable approaches in their capstone design projects. The competition reinforced CEN’s reputation as a center that fosters and encourages innovation and research with a wide range of exciting projects encompassing the six engineering disciplines offered at the university, including chemical, civil, computer, electrical, industrial and mechanical. The projects submitted provided a range of solutions to a wide range of challenges. Speaking on the...
May 06, 2019

AUS engineering competition showcases innovative projects

Ms. Reem Garrash
Aggressive growth plan and a clear goal propel Shada expansion drive
RIYADH — In the midst of competitive market environment prevailing in the hospitality industry, there is always an avenue for growth as manifested by the Shada Hotel further expansion in Saudi Arabia. Guided by its core mission of ensuing constant and continuous growth for all investors, stakeholders, partners and employees – both financially and socially – and create an unmatched work environment where the loyalty of the employees and their growth go together in order to create and operate its own brand of properties, and be the first tourists’ choice in every destination they go, Shada sustains its expansion. In an interview, Ms. Reem Garrash, CEO at Shada Homes Co, said “we are taking on a multi-faceted approach such that we are now developing a unique guest loyalty program...
May 06, 2019

Aggressive growth plan and a clear goal propel Shada expansion drive

Mohammed Amin
5 ways job will be reimagined in 2030
By Mohammed Amin* TECHNOLOGY evolution is not slowing down. While many organizations are struggling to keep up, significant changes in the workplace are beginning to take place today and professionals are feeling the impact. Automation, VR, AR, you name it, it’s happening. With rapid developments across science, technology engineering and communication, technology has brought upon a new Industrial Revolution, or “second machine age,” that will greatly influence jobs across sectors, as well as roles within the home. The rise of advanced tools and skills leaves many unanswered questions for the future; however, it’s clear five major changes are bound to impact the future of work. 1) Robots, do you take lunch breaks? Robots have performed manufacturing activities that humans...
May 06, 2019

5 ways job will be reimagined in 2030

GCC Islamic banks will likely stay resilient in 2019-2020
JEDDAH — Like their conventional peers, Islamic banks in Gulf Cooperation Council (GCC) countries have seen growth slow in recent years. Some banks' exposure to Turkey has exacerbated the situation, after the country experienced significant volatility in 2018, and this remains a major source of risk, S&P Global Ratings said last May 6. In its report, S&P said though that despite this and challenges at home, several GCC Islamic banks maintained sound asset-quality and profitability indicators. In addition, their funding profiles remain healthy, dominated by core customer deposits, and capitalization is still a major positive rating factor. In 2018, GCC Islamic banks expanded slower than conventional peers for the first time in five years, attributed to three main reasons: •...
May 06, 2019

GCC Islamic banks will likely stay resilient in 2019-2020

Uber and Takamol partner to empower working Saudi women
RIYADH – Uber entered into a strategic partnership with Takamol Holding, which operates Wusool, a program developed by Human Resources Development Fund (HRDF), with the goal of enabling working women in Saudi Arabia overcome transportation challenges to and from the workplace by providing affordable, subsidized transportation solutions and encouraging women’s contribution towards the country’s socio-economic progress, in line with the goals and objectives of the Kingdom’s Vision 2030. Pierre-Dimitri Gore-Coty, VP & Regional General Manager EMEA, Uber, said: “Uber is a conscientious company that strives to uplift the communities it operates in. We are expanding exponentially within the Middle East and North Africa region, with Saudi Arabia being one of our fastest-growing...
May 05, 2019

Uber and Takamol partner to empower working Saudi women

Region’s trading activity seen subdued during Ramadan
JEDDAH/DUBAI — For the regional markets, the performance during the week was mixed with 4 out of 8 indexes closing in green, while the remaining 4 closing in red. Egypt was the best performing index regionally with gains of 0.75%, followed by gains of 0.66% in Saudi Arabia and 0.62% in Oman. Abu Dhabi was the worst performing index with losses of 2.77%, followed by losses of 1.04% in Dubai and 0.53% in Bahrain. Going forward, the bullish trend is likely to continue on the back of supportive macroeconomic conditions and higher oil prices. However, the trading activity within the region is expected to be subdued during the month of Ramadan due to lack of participation from retail investors. The institutional Investors will continue to closely follow the developments in the global markets...
May 05, 2019

Region’s trading activity seen subdued during Ramadan

Tim Cordon
Radisson Hotel Group to double its portfolio in 3 years
JEDDAH — Radisson Hotel Group, one of the world's largest hotel companies, is set to double its portfolio in the Middle East and North Africa (MENA) in the next 3 years. The group is set to open another 50 hotels and over 13,000 rooms across the region, with a continued focus on the UAE and Saudi Arabia, as well as expansion in Egypt and Morocco. The growth will include the introduction of new brands and will bring its total portfolio to over 100 hotels and 24,000 rooms in operation across MENA. Tim Cordon, Area Senior Vice President Middle East and Africa, said: “We are committed to developing our brand presence across the region with an active pipeline of hotels that extends across our entire brand portfolio. In the last 24 months we have opened over 30 hotels across MEA which...
May 05, 2019

Radisson Hotel Group to double its portfolio in 3 years

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