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7371 - 7380 from 16533 . In "BUSINESS"
Tamer Mosalam
PepsiCo names head of its Saudi Snacks operations
PEPSICO, the global food and beverage company, has announced Tamer Mosalam as the head of its Snacks operations in Saudi Arabia.Mosalam, as Gulf-Levant Foods Vice President and Business Unit General Manager, will seek to capitalize upon growth potential in the Kingdom and Gulf Markets, while delivering on PepsiCo investment opportunities in the region. In his role, he will also drive positive social impact for the company in Saudi Arabia, in line with the country’s economic and societal vision. Additionally, Mosalam will be responsible for leading the PepsiCo foods strategy for the region.Prior to his current role, Mosalam was the general manager of the snacks portfolio for PepsiCo in Egypt and North Africa. He has been with PepsiCo since 2003 and was assigned several senior commercial...
April 30, 2019

PepsiCo names head of its Saudi Snacks operations

Oracle launches its first innovation hub in Saudi Arabia
IN line with its commitment to support the Ministry of Communications and Information technology’s strategic objectives to drive the implementation of Saudi Vision 2030, Oracle announced the opening of its first innovation hub in Saudi Arabia. The new hub is dedicated to driving the implementation of latest digital technologies including Artificial Intelligence; Blockchain; Machine Learning; Internet of Things (IoT) across the country’s public sector, corporate entities and academia.Located at Oracle’s Riyadh office, the new innovation hub was inaugurated by His Excellency Vice Minister of Communications and Information Technology Eng. Haitham Abdulrahman Al-Ohali at an event that was attended by key dignitaries and executives.Al-Ohali said “digital transformation is a vital part...
April 30, 2019

Oracle launches its first innovation hub in Saudi Arabia

Cristal Amaken Hotel, Riyadh KSA (Photo - AETOSWire)
Cristal Amaken Hotel, Riyadh inaugurated
CRISTAL Group unveiled Cristal Amaken Hotel last March 15. A Four Star hotel with 268 contemporary rooms and suites, designed to offer Cristal’s signature hospitality. It is the first Cristal Hotel in Riyadh, located in the heart of Riyadh’s 2nd Industrial City and the third Cristal property in the Kingdom.The hotel’s facilities include a state of the art business center, executive club lounge, valet parking, and outdoor pool. Relax and unwind at the Cristal Spa which includes a health club with Jacuzzi, steam & sauna, and a lavish Turkish bath.The rooms and suites are enhanced with a variety of features including pillow top mattress, premium linen, IPTV, an executive desk, complimentary High speed WiFi access, tea & coffee facility, and a spacious bathroom with rain shower.Cristal...
April 30, 2019

Cristal Amaken Hotel, Riyadh inaugurated

Zain KSA Eng. Saad Al-Sadhan, Chief Business and Wholesale Officer; and Felix Wass, CEO and President of DETASAD, sign the agreement
Zain KSA and DETASAD sign strategic agreement
ZAIN KSA Eng. Saad Al-Sadhan, Chief Business and Wholesale Officer; and Felix Wass, CEO and President of DETASAD (Detecon Al Saudia Co. Ltd), have signed a strategic agreement ensuring them to be a catalyst in enhancing, developing, and growing Cloud and Managed services in KSA.This strategic partnership will open doors for both companies to share best practices, expertise and specialties of each other’s in the field of ICT, including Cloud Computing, Managed Services, Data Centers, Deployment Solutions, Cyber Security and the upcoming IOT (Internet of Things) solutions. In addition to enhancing the services and products, this agreement will also facilitate and develop available resources for innovation and creation, combining 10 years’ experience of Zain in KSA, and 37 years’...
April 30, 2019

Zain KSA and DETASAD sign strategic agreement

Khalid A. Al-Falih
Falih: We'll stick to global oil deal
MOSCOW — Saudi Arabia will not rush to boost oil supply to make up for a loss of Iranian crude due to US sanctions, and will stick to a global deal on oil production, which could be extended to the end of 2019, Energy Minister Khalid Al-Falih told RIA news agency.Falih was speaking to Russia's RIA news agency on Tuesday, without specifying whether, or by how much, output levels could change after June.Oil prices have surged by almost 40 percent since January, lifted by the OPEC+ supply cuts as well as by US sanctions on producers Iran and Venezuela. Brent crude futures were trading at $72.40 at 0855 GMT on Tuesday.Falih told RIA that the world's top oil exporter was ready to meet consumer demand after the Iran oil waivers expire in early May, including by replacing Iranian oil...
April 30, 2019

Falih: We'll stick to global oil deal

Amin Nasser
Aramco building facilities to tap shale gas
DAMMAM— Saudi Aramco is building facilities to tap shale gas in the Eastern Province, Chief Executive Officer Amin Nasser told reporters.Aramco is seeking unconventional gas at the South Ghawar and Jafurah deposits in eastern Saudi Arabia, he said.Plans include a plant to desalinate seawater that Aramco can then inject underground to frack for gas. It plans, for example, to build a reverse-osmosis desalination plant to treat Gulf seawater for injection into the Jafurah basin to dislodge shale gas.Jafurah is located between Ghawar, the world’s largest oil field, and the Gulf, near the hub of the Saudi energy industry.The water-treatment facility is in the planning and design phase and could be in operation in four to five years, Mohammed Al Qahtani, Aramco’s senior vice president for...
April 29, 2019

Aramco building facilities to tap shale gas

Ibrahim Al-Omar
70% rise in new licenses for foreign businesses
RIYADH — The number of new licenses approved for foreign businesses in Saudi Arabia rose by 70 percent in the first quarter of 2019 from a year earlier, Bloomberg reported on Monday, citing the governor of Saudi Arabia General Investment Authority (SAGIA).“Applications from British and Chinese companies drove the increase, rising by 86 percent and 71 percent, respectively,” Ibrahim Al-Omar was quoted as saying in an interview.FDI figures for the first quarter aren’t yet available, though SAGIA is “continuing to see strong momentum from foreign investors,” Al-Omar said.“We’ve seen a good increase in the number of companies looking to operate in Saudi Arabia, and in the number of industries that they are looking to invest in.”SAGIA is working with the World Bank to improve...
April 29, 2019

70% rise in new licenses for foreign businesses

Personalization technology vital for travel companies to succeed
DUBAI — Gulf-based travel and hospitality companies that use disruptive technologies to boost personalization and remove friction for customers are likely to become future market leaders, according to experts speaking at Arabian Travel Market (ATM) 2019.In a panel discussion titled ‘The Big Picture – Who Will Sell Travel Best in the Future?’, which took place on ATM’s Global Stage, representatives from Booking.com, Sabre Corporation, Google, Facebook and Emirates explored the potential benefits and pitfalls of technology implementation in the Gulf’s tourism sector.While innovations such as the Internet of Things (IoT), artificial intelligence (AI), machine learning and personalization technology have the potential to boost efficiency across the industry, panelists emphasized...
April 29, 2019

Personalization technology vital for travel companies to succeed

US consumer spending up
WASHINGTON — American consumer spending leapt last month to post the biggest gain in 10 years, recovering from a weak start to 2019, while inflation remained tame, according to government data released Monday.The strong finish to the third quarter comes a day before the Federal Reserve is due to meet, with markets overwhelmingly expecting the central bank to leave interest rates untouched.The latest figures confirm the picture of steady economic growth in the first quarter that were released Friday in the Commerce Department's GDP report.After three weak months, Americans returned to buying durable goods like light trucks and machinery, driving overall spending up to $14.3 billion or 0.9 percent compared to February, the biggest monthly gain since August 2009. That was largely in...
April 29, 2019

US consumer spending up

Kharef Salalah
Oman becoming a tourism and investment hub
MUSCAT —Oman's aviation sector developer, Oman Aviation Group unveiled its brand identity and strategy to propel the Sultanate's aviation sector into the future. The move comes as part of the company's efforts to highlight Oman's significance on the global stage and broaden its appeal as a first-class destination for tourism and investment and an international hub for business and logistics. Operating three main subsidiaries comprising Oman Air, Oman Airports and Oman Aviation Services, the Group is the lead facilitator for the Sultanate's 25-year National Tourism Strategy. Oman Aviation Group's long-term goal is to be a catalyst for progressive change in the local market as the Sultanate continues to develop a fully integrated aviation ecosystem.Ahmed Al-Futaisi,...
April 29, 2019

Oman becoming a tourism and investment hub

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