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Novotel Jeddah offers mix of int’l cuisines this Ramadan
NOVOTEL Hotels and Resorts, part of the Accor group of hotels in Jeddah, organized recently “Ramadan Food Tasting” in their Palm restaurant.A glamorous and modern restaurant in Jeddah’s Novotel puts you at the center of the world with a special Ramadan theme that celebrates international cuisine.The Palm restaurant offers delicious freshly made breads, ice creams and desserts as well as a mix of international, Saudi and Middle Eastern buffet options for iftar and suhoor.The large buffet has everything: High-quality meats, cheeses, desserts, fresh fruits and veggies, yogurts, dips, fresh juices and varieties of salads.Chef de cuisine at the restaurant Saad Trini is a Moroccan national who has worked in leading restaurants and hotels around the world. He is experienced in Arabic,...
April 28, 2019

Novotel Jeddah offers mix of int’l cuisines this Ramadan

SAIP launches IP rights awareness-raising events
‏SAUDI Authority for Intellectual Property (SAIP) launched a series of intellectual property rights awareness-raising activities and messages that coincide with World Intellectual Property Day on April 26 of each year. This year's World Intellectual Property Day is the first experience to the Authority since its establishment.The Authority is holding a number of events in various Malls in the Kingdom and offers a series of awareness messages under the slogan "#I_respect_intellectual_Property_rights". Also it aims to promote intellectual property rights and increase awareness among the community of the importance of preserving, developing and nurturing them in accordance with local and international best practices. In cooperation with Saudi Authority for Intellectual...
April 28, 2019

SAIP launches IP rights awareness-raising events

5G test in Haram - Makkah
Mobily tests 5G in Haram area, reaches 1GB speeds
MOBILY has successfully conducted site tests in cooperation with Ericsson for 5G (fifth generation) in Makkah around the Haram area reaching speeds in excess of 1 gigabit (1,000 megabits). The tests by Mobily and Ericsson are the first such tests in the Haram area, which has one of the highest concentration of mobile users in the world; upon deployment, 5G will boost their customer experience.Mobily CTO Alaa Al Malki said: “Our vision as a company is in line with Saudi Arabia’s national agenda that emphasizes the importance of technologies such as 5G to form the pillars of an innovative society. Mobily continues its efforts in enabling digital technologies that empower customers and the ecosystem to lead the way to a digital future. Our partnership with Ericsson is part of our ambition...
April 28, 2019

Mobily tests 5G in Haram area, reaches 1GB speeds

Claviger Middle East participates at The Arabian Travel Market in Dubai for the 3rd consecutive year
Claviger offers selection of luxury hotels
CLAVIGER Middle East is participating at The Arabian Travel Market in Dubai for the 3rd year consecutively, taking place at the iconic Dubai International Convention & Exhibition Centre.Claviger offers the opportunity to all the visitors of the Arabian Travel Market (from the travel industry and the end consumers) to meet with the Senior Management of an elite selection of luxury hotels from all around the globe. Our 6 main participants hotels: Inova Hospitality Kimpton Angler’s South Beach, Miami, Florida, USA Montage Beverly Hills, Los Angeles, California, USA, Raffles Seychelles, Praslin, Eastern Africa, Sina Hotels and Soneva HotelsClaviger is the extended sales, marketing & PR force to luxury standalone and multinational hotel chains who are interested in growing their market share...
April 28, 2019

Claviger offers selection of luxury hotels

etihad market leader in air cargo digitalization
ETIHAD Cargo, the cargo and logistics arm of the Etihad Aviation Group, today celebrates its position as a market leader in the air cargo digitalization and innovation space six months after migrating to a new technology platform, achieving a remarkable step change in the way it runs its operations and engages with its customers.Last year, the carrier embarked on a strategy that saw the introduction of several transformation programs across its fleet and network, commercial and operational processes, and its physical and digital infrastructures. This culminated in the carrier’s successful front-end systems migration to the market leading IBS iCargo solution in October 2018, and celebrated the launch of its Online Booking Portal www.etihadcargo.com.Today, six months on, Etihad has managed...
April 28, 2019

etihad market leader in air cargo digitalization

The facility has a capacity up to 42,000 pallets, and total building, automation & semi-automation, and engineering & equipment costs amounted to around SR145 million.
SADAFCO’s Jeddah Central Warehouse now operational
SAUDIA Dairy and Foodstuff Company (SADAFCO) announced that its Jeddah Central Warehouse, the largest in the company’s network, is now operational. The facility has a capacity up to 42,000 pallets, and total building, automation & semi-automation, and engineering & equipment costs amounted to around SR145 million.The new warehouse enables SADAFCO to move inventory much closer to factories, driving down logistics costs, and also removes the requirement to store raw and packaging materials in external storage facilities. Depots can now be replenished both, based on sales, helping to reduce stock holding in the value chain and improve product quality and availability, ensuring consumers receive fresher produce.“The new Jeddah Central Warehouse is enabling us to enhance the level of...
April 28, 2019

SADAFCO’s Jeddah Central Warehouse now operational

Moody's launches global EM liquidity stress index
JEDDAH — "The inaugural global EM LSI score is weak at 20.3% and above the long-term average of 18.9%, with the long-term average based on LSI scores between January 2017 and March 2019," said Laura Acres, a Moody's Managing Director."However, the score has fallen for three consecutive months; representing a slight improvement in liquidity across EMs globally," added Acres."The score of 20.3% balances the weak liquidity seen in the EM Asia Pacific LSI of 39.1%, with the stronger liquidity in the EM Emerging Europe LSI of 2.9% and EM Latin America LSI at 8.5%," adds Acres."EM Emerging Europe LSI is the strongest EM LSI sub-indicator at 2.9% in March 2019," said Annalisa Di Chiara, a Moody's Vice President and Senior Credit Officer....
April 27, 2019

Moody's launches global EM liquidity stress index

GCC deflationary trend ‘has started to reverse’
JEDDAH — The sharp declines in consumer prices in Saudi Arabia and the UAE are largely a base effect, as these countries introduced a value added tax at a rate of 5% in January 2018, Indosuez Wealth Management’s MACRO PULSE report released last April 25 said.The direct impact of this decision on the price level is now dissipating. Furthermore, the oil price rebound seen thus far in 2019 is also impacting inflation, pushing the CPI higher.“Two months ago, we refuted the idea that the Gulf Cooperation Council (GCC) countries had entered an era of deflation and the latest figures for March confirm our analysis. While still significantly negative, the bottom appears to have been reached, and the deflationary trend has arguably started to reverse,” it noted.In March 2019, the...
April 27, 2019

GCC deflationary trend ‘has started to reverse’

Liquidity options for family-run businesses in region explored
MANAMA — Investcorp, a leading global provider and manager of alternative investment products, released over the weekend its latest Insights white paper, “Liquidity for Family-Run Businesses: A Guidebook for the Alternatives.” The paper examines various liquidity options available to family-run or founder-owned businesses, ranging from the sale of a business to a strategic buyer or alternatively to a private equity partnership, as well as the questions an owner should ask when considering a potential partner. The paper is co-authored by David Tayeh, Head of Private Equity North America, and Kirk Fleischer, Principal in Private Equity North America.Within the white paper, Investcorp discusses the current environment for founders and explains why it believes that today’s current...
April 27, 2019

Liquidity options for family-run businesses in region explored

Bastien Blanc, VP Operations, with the operations team in Saudi Arabia
IHG second in Best Workplaces to Work in KSA
RIYADH — IHG (InterContinental Hotels Group), one of the world’s leading hotel companies, has been named one of the best places to work in Saudi Arabia, by Great Place to Work, the global authority on Workplace Culture assessment. IHG was awarded the second place at a prestigious event ceremony held recently in Riyadh.Commenting on the results Anna-Maria Dreesen-El Achcar, VP, HR, IMEA, said: “Our people are at the heart of our business and every day we do our best to create a great place for them to work. A positive company culture is central to a thriving workplace and IHG is committed to creating a diverse, inclusive and collaborative environment for our team members where everyone feels valued and accepted. We are honored to be recognized and to receive this award, which is a...
April 27, 2019

IHG second in Best Workplaces to Work in KSA

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