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Group photo of participants in workshop
MSMEs in Oman urged to promote corporate practices
MUSCAT – The Pearl Initiative, the business-led non-profit organization promoting corporate transparency and accountability in the Gulf Region, held a workshop in collaboration with Zubair SEC, in Muscat, Oman on April 24- 25. The workshop was the first in a series scheduled for 2019, and was led by a representative of the International Finance Corporation (IFC), a subsidiary of the World Bank Group.The workshop focused on how micro, small, and medium-sized enterprises (MSMEs) in Oman can benefit by adopting corporate governance practices to ensure enhanced business outcomes. In 2017, the Pearl Initiative published a report which highlighted that MSMEs were unaware of the benefits that corporate governance could bring to their business or did not prioritize corporate governance for their...
April 29, 2019

MSMEs in Oman urged to promote corporate practices

US-China trade talks nearing key pace
WASHINGTON — Trade talks between the world's dominant economies are in the decisive phase that will determine whether a final agreement is possible, US Treasury Secretary Steven Mnuchin said Monday of negotiations with China.Mnuchin and US Trade Representative Robert Lighthizer travel to Beijing this week for another round of talks with Chinese negotiators starting Tuesday, and they will meet next week in Washington to try to finalize a deal that President Donald Trump has demanded to repair what he calls and unfair and unbalanced relationship."I think there's a strong desire from both sides to see if we can wrap this up or move on," Mnuchin said in an interview on Fox Business Network."We hope within the next two rounds – in China and in DC – to be at the...
April 29, 2019

US-China trade talks nearing key pace

Personalized realities seen aplenty in post-digital era
RIYADH – The enterprise is entering a new “post-digital” era, where success will be based on an organization’s ability to master a set of new technologies that can deliver personalized realities and experiences for customers, employees and business partners, according to Accenture Technology Vision 2019, the annual report from Accenture (NYSE: ACN) that predicts key technology trends that will redefine businesses over the next three years.According to this year’s report, “The Post-Digital Era is Upon Us — Are You Ready for What’s Next?,” the enterprise is at a turning point. Digital technologies enable companies to understand their customers with a new depth of granularity; give them more channels with which to reach those consumers; and enable them to expand ecosystems...
April 29, 2019

Personalized realities seen aplenty in post-digital era

During the workshop
‘Dubai Paperless Strategy’ being ironed out
DUBAI – Smart Dubai has organized a workshop for government entities participating in the Dubai Paperless Strategy 2021, providing a platform where agencies that participated in phase one of the Strategy can share insight and expertise with the entities joining phase two.The workshop serves to support Smart Dubai’s efforts to foster cooperation among all government entities in the emirate to achieve the objectives of the Strategy, which seeks to transform the Dubai Government into a paper-free, fully digital administration by 2021.Wesam Lootah, CEO at the Smart Dubai Government Establishment, attended the workshop along with representatives from the government entities participating in phase one of the Strategy, namely: Dubai Police, Dubai Electricity and Water Authority (DEWA), Roads...
April 29, 2019

‘Dubai Paperless Strategy’ being ironed out

Kamran Khan
Local Saudi restaurants outsmarting int’l brands
By Kamran Khan*BATTLE lines are drawn, locally developed restaurant concepts in Saudi Arabia are giving international restaurant brands a run for their money. In almost every segment of restaurant industry, be it casual dining or QSR (Quick Service Restaurant), locally developed restaurants are up for the game. Apart from economic and logistics reasons, there are other strong consumer related factors that play a big role in the success of these local concepts.There are almost all international brands operating in Saudi Arabia, especially from North America but financial model of these brands is under tremendous performance pressure. Some of the most obvious logistical and economic reasons for this poor performance are reduced footfall, rising commodity prices and expensive real estate in...
April 29, 2019

Local Saudi restaurants outsmarting int’l brands

Officials of signatory companies
Almosafer enters strategic partnership with Alfursan
ALMOSAFER, the flagship brand of Seera Group’s Consumer Travel Business Unit, has partnered with Alfursan, SAUDIA’s frequent flyer program, to integrate the capability of earning Reward Miles across its web, app and retail offering. The partnership will officially kick off in May, with tactical marketing campaigns planned by both parties across online and offline channels.As the loyalty program of Saudi Arabia’s multi-award winning national carrier, Alfursan offers a range of benefits and privileges designed to make travel more rewarding for frequent flyers. Through this partnership, Almosafer customers will be able to earn Alfursan Reward Miles for certain bookings placed across touchpoints and through targeted promotions.The official announcement of the partnership between Alfursan...
April 29, 2019

Almosafer enters strategic partnership with Alfursan

Hyundai rolls out 2019 Ramadan Campaign film
HYUNDAI is again taking people on journey to discover the spirit of Ramadan this Holy Month, producing a series of short films to share across the Middle East and North Africa. For this year, the chosen theme is ‘Together on the Path of Blessings’, with stories that show Ramadan blessings are for everyone – regardless of circumstances, and even in difficult times.Each film in the series will show a family experiencing difficult times; for one, a father and son feel the loss of a wife and mother who has passed away, while for another family the father is sick in hospital. Audiences will follow the families during preparations for Ramadan, during the holy month, and for Eid, discovering how they enjoy quality time together, and showing that there are always reasons to be thankful in...
April 29, 2019

Hyundai rolls out 2019 Ramadan Campaign film

Dr Shanith Mangalat
Ourshopee.com eyeing Saudi Arabian market
Ourshopee.com, the fastest growing e-commerce portal, is all set to lay its imprint on the Saudi Arabian landscape focused on huge economic reforms taking place.Ourshopee.com offers impeccable shopping experience with wide variety of products to choose from and a customer friendly website with a well efficient inventory and fastest delivery process that makes it one of the best online stores in the Middle East. Ourshopee.com has achieved a successful expansion to five countries within a span of 3 years – UAE, Oman, Qatar, Bahrain and Kuwait. Ourshopee.com, with presence in five countries within a span of 3 years – UAE, Oman, Qatar, Bahrain and Kuwait – is ready to offer wide range of products with affordable price to satisfy customer requirement.Ourshopee’s growth and handwork was...
April 29, 2019

Ourshopee.com eyeing Saudi Arabian market

UPEX cryptocurrency exchange in Mideast launches BHP trading
RIYADH — UPEX, the first cryptocurrency exchange in the Middle East, launched BHP trading on April 29 at 12 PM. It's another international digital currency trading platform that has BHP after bithumb, BCEX and Digifinex.According to UPEX's latest announcement, BHP's deposit was opened on April 28, at 10 AM.As of April 15, 2019, UPEX has more than 200,000 registered users, with daily trading volume of about $240 million. UPEX holds a digital currency exchange license issued by the Kingdom of Bahrain to support the US dollar transfers/deposits globally. UPEX not only had local preferences, but also has strategic cooperation with more than 100 local media, which has rich resources in the Middle East. This has helped UPEX to become an international "golden...
April 29, 2019

UPEX cryptocurrency exchange in Mideast launches BHP trading

First Malaysia – Saudi Arabia Palm Oil Trade Fair, Seminar
YB Datuk Seri Shamsul Iskandar Mohd Akin, Deputy Minister of Primary Industries Malaysia, officiated the 1st Malaysia-Saudi Arabia Palm Oil Trade Fair and Seminar (POTS) on behalf of YB Teresa Kok, Minister of Primary Industries Malaysia at Jeddah Hilton Hotel. Themed “Malaysian Palm Oil: Steering the Consumer Towards Healthy Living”, this event is part of Malaysia’s effort to increase the usage of palm oil and its applications in this fast-growing market and to share the latest developments in the areas of nutrition, food applications and market dynamics.Speakers at the seminar are experts in the field of oils and fats from the Kingdom of Saudi Arabia, Malaysia, Turkey, Egypt and the USA. The papers cover topics on the technical aspects of oils and fats pertinent to the Saudi...
April 29, 2019

First Malaysia – Saudi Arabia Palm Oil Trade Fair, Seminar

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