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7381 - 7390 from 16559 . In "BUSINESS"
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

Dr.Othman Fahad Al Mutlaq, General Manager Novartis and Dr. Yasser Ibrahim Al Obaida, CEO of Sudair Pharma, sign the MoU
Novartis and Sudair Pharma sign MoU for manufacture of oncology drugs in Saudi Arabia
RIYADH — Novartis and Sudair Pharma have signed a memorandum of understanding to discuss local manufacturing agreement of a big range of cancer innovative products in the Kingdom of Saudi Arabia under the patronage Dr. Hisham Aljedhaee, president of Saudi Food & Drug Authority and in the presence of Ibrahim AlSwayyel, deputy governor of SAGIA and Swiss ambassador Dr. Andreas Schaller, among others. In the agreement, Novartis will provide all technology and quality standards to Sudair Pharma to ensure technology transfer of these items.Novartis, as one of the international leading pharmaceutical companies, is keen to engage with the Saudi society and work with different governmental agencies to participate in realization of the National Transformation Plan and Saudi Vision in the...
April 30, 2019

Novartis and Sudair Pharma sign MoU for manufacture of oncology drugs in Saudi Arabia

Jeff Clarke, vice chairman of products and operations, Dell Technologies, explains the new platform
Dell Technologies Unified Workspace revolutionizes the way people work
LAS VEGAS — As the future-of-work concept becomes a reality for organizations worldwide, employees demand the flexibility to work, collaborate and innovate anytime, anywhere and in any way they want. Businesses must provide this type of environment to attract new talent and keep their current employees engaged, productive and secure with devices personalized for their needs. Yet IT departments are often unable to focus on transformative initiatives for employee experience as they spend the majority of their time mired in run-the-business tasks like PC deployment, help desk requests, and monitoring and troubleshooting.Dell Technologies introduces Unified Workspace to help IT transform the end-user experience. This visionary approach to end-user computing will give workers a...
April 30, 2019

Dell Technologies Unified Workspace revolutionizes the way people work

Over 400 HR and technology professionals attend HR Tech MENA 2019
HR Tech Summit ends on a high note
DUBAI — The 5th Annual HR TECH Summit ended on a high with over 400 HR and technology professionals attending this B2B event to discuss the latest trends and best practices discussing the role of technology in transforming HR departments across private and public sectors. In line with the current trends that rule the world of work and keeping in mind the Middle East’s hunger for innovation, the HR Tech MENA Summit in its fifth year unlocked the full potential of HR technology and how organizations can make this digital shift seamless.Dr. Shawn DuBravac, internationally renowned futurist and top 40 under 40 leaders, opened the summit with his key note sharing the latest trends on future of work and highlighted the impact of new technologies in the workplace. Focusing on increasing...
April 30, 2019

HR Tech Summit ends on a high note

Eng. Hamed Al-Saggaf, Executive Director, IPP& Renewable Energy New Venture Department, Saudi Electricity Company, leads the inauguration of Saudi Elenex 2019 on April 29
‘Saudi Elenex 2019’ kicks off in Riyadh
RIYADH — Eng. Hamed Al-Saggaf, Executive Director, IPP& Renewable Energy New Venture Department, Saudi Electricity Company, led the inauguration of Saudi Elenex 2019 on April 29 on behalf of Eng. Fahad bin Hussein al-Sudairi, President and CEO of Saudi Electricity Company. The 22nd edition of the thee-day international show for electricity, alternative energy, lighting, water, and air conditioning is being held at the Riyadh International Convention & Exhibition Centre (RICEC) in Saudi Arabia. Key officials and decision makers from the public and private sectors and other international participants are taking part in the event to share their expertise in natural resources and renewable energy.Saudi Elenex is being staged under the patronage of Saudi Electricity Company with support from...
April 30, 2019

‘Saudi Elenex 2019’ kicks off in Riyadh

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