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7351 - 7360 from 16533 . In "BUSINESS"
Hospitality Management Holding participates at ATM 2019
DUBAI — Hospitality Management Holding (HMH), the region’s largest hotel management company specialized in the dry sector and with an expanding portfolio across the Middle East and North Africa, announces its participation at the leading global largest events in the Middle East, Arabian Travel Market (ATM) 2019. ATM has been developed to unlock business potential within the Middle East for inbound and outbound tourism professionals and hoteliers, and is now introducing its 26th edition. With Hospitality Management Holding continuing to expand its presence across the Middle East & North Africa, the global event provides the ideal platform to showcase the development of the Group over the past 12 months. Equally it also presents HMH with the opportunity to engage with its existing...
May 01, 2019

Hospitality Management Holding participates at ATM 2019

CMA launches e-service to know details of assets of the dead
RIYADH - The Capital Market Authority (CMA) has launched an electronic service to disclose the investment assets of the deceased persons.This service allows the heirs or their power of attorneys and authorized persons from the authority to view the securities and investment accounts belonging to the deceased persons through direct contact with the Saudi Securities Depository Center Company (Edaa), the Saudi Press Agency reported. This is part of CMA’s measures to develop the capital market system and strengthen trust in it with facilitating the disclosure procedures and helping the heirs to expedite the completion of the inventory process of the assets of the deceased. This service allows the heirs to submit requests for disclosure through the CMA website on specific terms, as well...
May 01, 2019

CMA launches e-service to know details of assets of the dead

Ceramic knife detected
Smiths Detection offers reliable, accurate weapon detection
DUBAI — Smiths Detection has added weapon detection to the innovative iCMORE family of smart and adaptable object recognition algorithms. iCMORE offers automatic detection of an ever expanding list of dangerous, prohibited and contraband goods. It provides invaluable support for security operators, customs officers and other controlling authorities.iCMORE is designed to identify threats and help combat the movement of unsafe, undeclared or illegal goods. “In doing so, it reduces the burden on image analysts and increases efficiency and detection accuracy,” said Matt Clark, VP Technology & Product Development, Smiths Detection. “The number of detectable items will continue to grow along with the range of systems offering the various algorithms. Following the introduction of lithium...
May 01, 2019

Smiths Detection offers reliable, accurate weapon detection

UiPath
UiPath raises $568m Series D Funding Round
DUBAI —The leading robotic process automation (RPA) company, UiPath is blazing a path to an “automation first” era, closing its Series D investment round raising $568 million at a post-money valuation of $7 Billion, led by Coatue and joined by Dragoneer, Wellington, Sands Capital, and funds and accounts advised by T. Rowe Price Associates, Inc. Accel, who led the Series A and B rounds, and CapitalG and Sequoia who led the Series C round, all participated in this round, as did other existing investors, including IVP and Madrona Venture Group. At the $7 Billion valuation, UiPath is one of the fastest growing and highest-valued AI enterprise software companies worldwide. UiPath closed its Series A funding in April 2017, and since then has expanded on its most important...
May 01, 2019

UiPath raises $568m Series D Funding Round

Makarem Sagryah Tower Hotel in Makkah.
Makarem Hotels operates Sagryah Tower Hotel in Makkah
RIYADH — Makarem Hotels, the award-winning Saudi hotel brand by Dur Hospitality, specialized in serving the holy cities of Saudi Arabia, announced the signing of a contract to operate Makarem Sagryah Tower Hotel in Makkah. The announcement of the latest addition to Makarem’s growing portfolio was made during its participation at the 26th edition of the Arabian Travel Market (ATM), the international travel and tourism event in Dubai from April 28 to May 1. The anticipated 4-star hotel, which is due to become operational in the first quarter of 2020, is located in Maabeda locality, 5 km to the Haram. The upscale hotel features 760 finely designed spacious rooms, boasts two state-of-the-art ballrooms and three conference halls. The new property places Makarem Hotels closer to achieving...
May 01, 2019

Makarem Hotels operates Sagryah Tower Hotel in Makkah

 Hisham Al Bahar
Posta Plus expands operations in US
KUWAIT — Posta Plus, the leading provider of domestic and international logistics, courier, and mailing services headquartered in Kuwait, announced its expansion in the United States. The expansion of Posta Plus’s operations to the state of New Jersey is significant as it supports the achievement of the company’s vision to enhance its global presence, to be able to offer an array of innovative logistic services to both companies and individuals. The United States serves as a strategic international location that complements the company’s aspirations to reach out to more clients around the world in addition to facilitating its international trade traffic. Hisham Al Bahar, Chief Executive Officer of Posta Plus, said: "As a global company looking to expand regional and...
May 01, 2019

Posta Plus expands operations in US

Eng. Muhammed Abdullah Alaki, deputy mayor for Investment & General Supervisor for Financial & Administrative Affairs Riyadh, inaugurates and tours the new LuLu Hypermarket at Roof Mall in Al Yasmin, Riyadh, in the presence of Ibrahim Suwail, deputy governor of Saudi General Investment Authority (SAGIA), Ausaf Sayed, new Indian Ambassador to KSA, Yusuff Ali M.A., chairman of Lulu Group and other dignitaries.
LuLu opens new hypermarket in Riyadh
RIYADH —LuLu, the top retailer in the Middle East, launched its new hypermarket in Riyadh, further expanding its presence in the Kingdom of Saudi Arabia. The hypermarket which is 17th in the country and 169th globally, was officially inaugurated by Eng. Muhammed Abdullah Alaki, deputy mayor for Investment & General Supervisor for Financial & Administrative Affairs Riyadh, in the presence of Ibrahim Suwail, deputy governor of Saudi General Investment Authority (SAGIA), Ausaf Sayed, new Indian Ambassador to KSA, Yusuff Ali M.A., chairman of Lulu Group and other dignitaries. Strategically located at The Roof Mall, a new shopping center in Riyadh’s Al Yasmin district on Abu Bakr Siddiq Road, the two-level hypermarket, which covers a conducive space of more than 357,000 square feet...
May 01, 2019

LuLu opens new hypermarket in Riyadh

Fed keeps interest rates steady
WASHINGTON — The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued US job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a solid rate" in recent weeks, the US central bank said in a policy statement a day after President Donald Trump called on the Fed to cut rates by a full percentage point and take other steps to stimulate the economy. Fed policymakers said the economy was in good shape as it stands, with ongoing job and economic growth, and an eventual rise in inflation, still "the most likely outcomes" as the US expansion nears its 10-year mark. At its two-day meeting, the Fed also trimmed the amount of interest it...
May 01, 2019

Fed keeps interest rates steady

SAMA: Mortgage jumps 3 times in 1Q of 2019
Saudi Gazette reportRIYADH - The residential mortgages for individuals provided by both banks and finance companies have jumped three times in the first quarter of 2019, compared with the same period last year, according to a report of the Saudi Arabian Monetary Authority (SAMA).The number of residential mortgage financing contracts for individuals during this quarter reached 31,462 with a total value of approximately SR15 billion, achieving 221 percent growth in the number of contracts, and about 133 percent in the volume of financing compared with the same quarter of 2018, the Saudi Press Agency reported.The performance of real estate loans for individuals during the first quarter of 2019 has achieved a new upward trend. The total amount of financing in the first quarter is near to what...
April 30, 2019

SAMA: Mortgage jumps 3 times in 1Q of 2019

Digital threats in META surge 108% in Q1 2018
JEDDAH — Malware attacks in the Middle East, Turkey and Africa (META) surged in Q1 2019 to more than 150 million attacks in Q1 alone, representing an average of 1.6 million attacks per day, and an alarming 108% increase over Q1 2018, Kaspersky Lab revealed on the evolution of the digital threat landscape in the region.With some of the highest mobile phone penetration rates in the world, it is no surprise that the META region also attracts a significant share of malware attacks targeted at mobiles. Mobile malware attacks in META in Q1 2019 numbered more than 368,000, an average of 4,098 per day, and a spike of 118% when compared to Q1 2018.The META region also faced consistent attacks during Q1 2019 in areas such as:• Crypto-mining Malware: 3.16m attacks; daily average of 35k; 146%...
April 30, 2019

Digital threats in META surge 108% in Q1 2018

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