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Speakers and awardees at day two event include Shoaib Malik, Vijay Soni, Amarjit Chopra, Oboud Abubakr Baeshen, Raghav Khullar, AR Merchant and CMAs
IMA: New finance regulations, fintech leading to transparency
JEDDAH — Over 100 IMA (Institute of Management Accountants) members and finance professionals in Saudi Arabia attended a two-day conference on April 10-11, aimed at unlocking the practical aspects of the recent finance regulations in the country.“As finance professionals, we have to be at the forefront of these changes and managements must appreciate transparency to ensure compliance with regulations,” said Vijay Soni, chapter president of the IMA western province chapter.“We must understand that regulators are looking for diversified sustainable revenue source to sustain the economy. They are bringing in new regulations to promote transparency and disciplined reporting of business transactions,” added Soni.Amarjit Chopra, former president of the Indian Chartered Accountants, in...
April 23, 2019

IMA: New finance regulations, fintech leading to transparency

ITFC CEO Eng. Hani Salem Sonbol and Afreximbank President and Chairman Dr. Benedict Oramah
ITFC signs six trade initiatives worth $1.1b
JEDDAH — The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org/en), member of the Islamic Development Bank (IsDB) Group, has signed six major Trade Financing and Development Agreements worth in excess of $1.1 billion with Organization of Islamic Cooperation (OIC) member countries including the Commonwealth of Independent States (CIS), MENA, South America and Sub-Saharan Africa regions. The agreements were signed at the 44thIsDB Annual Meeting in Marrakech earlier this month.The framework agreements, which provide state and private sector financing as well as capacity building programs for export and SME development initiatives, target high growth industries including agricultural commodities, energy commodities such as crude oil, agricultural inputs, medical...
April 23, 2019

ITFC signs six trade initiatives worth $1.1b

adidas Nite Jogger
Nite Jogger available in adidas Originals stores
CONSTANTLY nourishing the creative communities, adidas Originals has collaborated with three Saudi creatives for the Nite Jogger campaign, which was shot during the day and at night – encapsulating the very essence of the sneakerCreated for those who want to stand out, the Nite Jogger silhouette is a progressive design incorporating classic archival cues with modern lines.Inspired by the brand’s first foray of running shoes in the 70s into hi-vis technology, the new Nite Jogger has been redesigned for fashion – a classic interpretation of a past icon retooled and restyled for today’s night-time creator.A sneaker designed for those that seek creativity, unbound by the constraints of daylight, the Nite Jogger campaign features creatives Faisal Al Ghazzawi, who is men’s stylist and...
April 23, 2019

Nite Jogger available in adidas Originals stores

SAS showcases impact of advanced analytics, AI
SAS, the leader in business analytics, hosted the SAS Analytics Roadshow 2019 in Dubai to highlight how advanced analytics and artificial intelligence (AI) solutions are transforming organizations across the region in the digital era. IT and business decision makers gained greater insight into how data-driven innovation can be put in action to resolve real problems within organizations.The one-day event, held at the One and Only Royal Mirage on April 17, was themed around ‘Building a smarter organization with Analytics & AI’ and featured an opening keynote delivered by business philosopher Anders Indset on the quantum economy.Throughout the event, SAS industry experts discussed how organizations can leverage AI and analytics solutions to deliver real-world benefits and to transform...
April 23, 2019

SAS showcases impact of advanced analytics, AI

EFS Logistics receives ‘Best Partner in Middle East’ award
THE Annual WCA First Conference gathered In Singapore last Feb. to celebrate 21 years of logistics leadership and global networking. Held in Singapore for this year running the city-state provided to be the perfect location for member networking and business growth. Record-breaking attendance saw over 2,800 members attend the combined events, with over 75,000 face-to-face meetings taking place throughout the week.David Yokeum, founder Chairman of WCA, said he was extremely proud of this year’s attendance and the network’s achievements. “This year’s 11th and 21st conferences are special in the sense that this is not just our largest gathering, it’s a celebration of our success’’ said Yokeum. Every year WCA conducts an annual award ceremony to congratulate the best elected...
April 23, 2019

EFS Logistics receives ‘Best Partner in Middle East’ award

Almosafer Jeddah branch opening
Almosafer shifts to omni-channel travel booking business
ALMOSAFER, Middle East’s leading online travel brand, has announced a transformation which only a handful of digital brands have ever attempted across the world. As one of Saudi Arabia’s most loved travel brands and the biggest online travel brand from the region, Almosafer will be embracing a new omni-channel approach which will give its customers the choice and freedom to book their travel exactly in the manner that they want – the ultimate personalization.As the flagship brand of SEERA Group’s Consumer Travel Unit (formerly Al Tayyar Travel Group), Almosafer is developing a next generation booking experience across online and offline touchpoints, leading to a more personalized approach. Even if booking previously online, customers will be able to visit a retail outlet for a...
April 23, 2019

Almosafer shifts to omni-channel travel booking business

Celebrate Eid in the Maldives at luxe resort Coco Bodu Hithi
JUST a few hours flight from the Middle East, the Maldives is a picture-perfect destination ideal for short trips and weekend getaways. In celebration of the upcoming Eid Al Fitr holiday, the team at Coco Bodu Hithi is offering a special package for GCC visitors to enjoy the island paradise – with a 25% discount on room rates.Stay for a minimum of 3 nights with complimentary transfers, daily breakfast and dinner, a welcome platter of fruits, dates and chocolates to kick-start Eid, a complimentary sunset shisha for two, and an additional 10% discount on all treatments at Coco Spa.Coco Collection specializes in creating true boutique luxury on some of the most beautiful islands in the Maldives. Since its launch in 2005, Coco Collection has crafted five-star destinations of different...
April 23, 2019

Celebrate Eid in the Maldives at luxe resort Coco Bodu Hithi

 Prince Mohammed Bin Abdul Rahman Bin Abdul Aziz Al Saud, Deputy Governor of Riyadh Region and Dennis Zhang, CEO of Huawei Saudia
Huawei Saudi Arabia roadshow focuses on benefits of 5G networks
ON the sidelines of the Sixth Forum of Scientific Societies, Huawei’s first 5G & ICT Roadshow was officially inaugurated by Prince Mohammed Bin Abdulrahman Bin Abdulaziz Al Saud, Deputy Governor of Riyadh. Huawei, a strategic partner of the Sixth Forum of Scientific Societies, conducted a roadshow tour in the Kingdom connecting with local representatives from government, business, universities and the public.The Huawei roadshow truck is designed specifically to showcase the benefits of 5G networks, incorporating demonstrations like artificial intelligence (AI) applications of 5G, and its uses in the latest technologies including intelligent video surveillance, robotics, augmented reality and more. Members of the public are welcome to visit the truck to learn 5G knowledge for themselves...
April 23, 2019

Huawei Saudi Arabia roadshow focuses on benefits of 5G networks




The Pakistani delegation meets with Saudi officials in Riyadh.
Pakistan seeks cooperation in energy sector
JEDDAH — A high-level Pakistani delegation is visiting Saudi Arabia under the chairmanship of Dr. Tenveer Qureshi, additional secretary for petroleum affairs at the Pakistani Ministry of Energy.The delegation includes officials and experts from the energy and mining sectors in Pakistan.The members of the Pakistani delegation held meetings with their Saudi counterparts to enhance the prospects of developing relations in the fields of refining and mining.The visit comes after the signing of a number of important agreements and memorandums of understanding between Riyadh and Islamabad during the recent visit of Crown Prince Muhammad Bin Salman to Pakistan in a number of important fields, including refining, petrochemicals, mining, renewable energy, electricity and financing Pakistan’s...
April 23, 2019

Pakistan seeks cooperation in energy sector

Taxation integral part of GCC future transformation
DUBAI — The latest report by the strategy consultancy firm, Oliver Wyman, “Taxation for the Future of the GCC,” outlines how structural changes to fiscal policy could be an opportunity for governments to fuel future national transformation and drive economic stability through non-oil dependent taxation revenues.Government debt is on the rise and budget deficits remain elevated – as much as $2 trillion may be required to balance the budgets of the six GCC countries by 2030. Historically the GCC states have relied on oil revenues to balance their budgets and while reserves are substantial, prices remain pressured by the global rise of alternative energy and electric vehicles.Oliver Wyman’s report outlines the opportunity for potential non-oil revenues to be driven by taxation, one...
April 22, 2019

Taxation integral part of GCC future transformation

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