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7481 - 7490 from 16533 . In "BUSINESS"
Samsung 2019 QLED TVs equipped with AI-powered picture processor
SAMSUNG 2019 QLED TV lineup is available at MENA retailers starting April 17. The 2019 QLED 8K TVs, which earned a prestigious Innovation Award at CES 2019, come equipped with Samsung’s proprietary Quantum Processor, the AI-powered picture processing semiconductor technology. Samsung’s Quantum Processor automatically upscales lower resolution content from any source to 8K, so that users can enjoy highest quality images, regardless of the picture quality of the original source. The Quantum Processor will also be available on Samsung’s QLED 4K models, allowing the full 2019 QLED TV lineup to deliver scene by scene AI-enhanced picture quality and sound.Unveiled by Samsung Electronics as an industry first, its machine-learning Quantum Processor employs its AI capabilities to learn and...
April 22, 2019

Samsung 2019 QLED TVs equipped with AI-powered picture processor

Wolf Langming, president of Honor KSA, shows off HONOR 10i i, with the industry's leading 32MP selfie camera
Triple-lens camera HONOR 10i unveiled
HONOR, a leading smartphone e-brand, announced the latest addition to the HONOR series, the HONOR 10i over a launch event held in the capital city of the Kingdom of Saudi Arabia, Riyadh. Building upon HONOR’s heritage, HONOR 10i demonstrates the company’s unwavering commitment to delivering the best technology and the most popular key features at an unrivalled price. Thoughtfully designed for the way we connect, communicate and express ourselves through images and videos, the HONOR 10i is packed with HONOR’s industry leading smartphone cameras – a breakthrough triple-lens rear camera with a 32MP selfie camera – that helps users make the most of every moment, along with a comprehensive list of top features.Chris Sun Baigong, President of HONOR MEA, said: “Recognizing the unique...
April 22, 2019

Triple-lens camera HONOR 10i unveiled

OPPO unveils Reno with 10x zoom and pivot rising camera
OPPO—a leading global smartphone brand—has officially launched its newest smartphone series, Reno, in the Middle East. The company selected Dubai as the location for the premium series’ first international launch, emphasizing the strategic importance of the region to OPPO’s global brand strategy.The Reno series includes two new smartphones: OPPO Reno 10x Zoom Edition and the Reno Edition. Both are stunningly designed, with notch-free full view OLED displays, a breakthrough side-swing, pop-up selfie camera, and powerful hardware capabilities. Sales in Saudi Arabia will start on April 25. .The OPPO Reno Edition will be available in 6GB RAM + 256GB storage option at SR1,899 in Saudi Arabia and the price and available date of OPPO Reno 10x Zoom in an 8GB RAM + 256GB storage version...
April 22, 2019

OPPO unveils Reno with 10x zoom and pivot rising camera

Al Tayyar Travel Group rebranded to SEERA
AL Tayyar Travel Group, the Middle East’s leading technology-powered travel and tourism company, announced it has rebranded and will be known as SEERA with immediate effect.The name and identity of SEERA, meaning journey, is the culmination of the company’s transformation efforts, which has seen its operating environment undergo a significant shift.The new brand name and its logo, symbolizing the voyage of a traveller around the world, serves as a reflection of the corporate journey the company has embarked on. With the Vision 2030 agenda as a driving force, Saudi Arabia is undergoing an economic and social transformation, with the tourism sector set to be a key beneficiary. SEERA is determined to be at the forefront of these positive developments, with the ultimate purpose of opening...
April 22, 2019

Al Tayyar Travel Group rebranded to SEERA

TETCO, Trend Micro sign MOU to boost digital security solutions in Saudi schools
TETCO, the technological arm of the Saudi Ministry of Education, and Trend Micro, the global leader in cybersecurity solutions, have signed a breakthrough MOU at GESS 2019, in Dubai.As per the MOU, TETCO, the main Education System Integrator will now work with Trend Micro to unify security across all universities and school within the Kingdom.Tatweer for Educational Technologies (TETCO) is a Limited Liability Saudi Company and is one of the Tatweer holding owned by the Saudi Public Investment Fund (PIF), and was registered at the Ministry of commerce and Investment in the year 2016.TETCO is the technological arm of the Saudi Ministry of Education, offering high quality education and communication digital and technology solutions to the public and private sector. TETCO aims at enhancing the...
April 22, 2019

TETCO, Trend Micro sign MOU to boost digital security solutions in Saudi schools

GAA launches Ramadan offers for Renault Duster
ON the occasion of the holy month of Ramadan, Gulf Advantage Automobiles (GAA), the importer of Renault cars in Saudi Arabia, launched the most exciting Ramadan offers to its customers in the Kingdom. GAA offers customers the all-new Renault Duster with 5 years/100,00 kms Service Package, Cashback, Free Registration & Window tinting. The unstoppable SUV is characterized by strength, operation and safety, and the performance of the finest and the highest degree of comfort and luxury. This offer will continue until the end of the holy month of Ramadan.The launch of this special offer comes in line with the spirit of Ramadan, and from the company’s leading role in interacting with and satisfying its customers in Saudi Arabia. This offer aims to provide joy and happiness by allowing all...
April 22, 2019

GAA launches Ramadan offers for Renault Duster

Aramco to buy Shell’s 50% stake in Saudi refining JV for $631m
Riyadh — Saudi Aramco said on Sunday it would acquire Royal Dutch Shell’s 50 percent stake in Saudi refining joint venture SASREF for $631 million.The sale is expected to complete later this year, the two companies said in a joint statement.Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd). The main products are liquefied petroleum gas, naphtha, kerosene, diesel, fuel oil and sulphur.“The partnership with Shell has led to a strong record of performance and delivery of refined products,” Abdulaziz Al-Judaimi, Saudi Aramco‘s senior vice president of Downstream, said.“Saudi Aramco will take full ownership and integrate the refinery into its growing downstream portfolio....
April 21, 2019

Aramco to buy Shell’s 50% stake in Saudi refining JV for $631m

Gulf International Bank establishes Saudi arm with SR7.5bn capital
Jeddah — Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with SR7.5 billion capital, as the lender looks to boost its presence in the Kingdom.The bank’s Saudi arm will be owned equally by GIB and Saudi Arabia’s Public Investment Fund, according to a statement.This is the first time that a foreign bank in the Kingdom has become locally incorporated.It will be headquartered in the Eastern Province with branches in Riyadh and Jeddah.Abdulla Bin Muhammad Al-Zamil, the Chairman of GIB Saudi Arabia, said, “The establishment of GIB Saudi Arabia is an important milestone in the implementation of the bank’s strategy, which remains focused on the expansion of its service offering and position as a leading digital bank and it is expected...
April 21, 2019

Gulf International Bank establishes Saudi arm with SR7.5bn capital




Richard Nunn
Simple holding most widely used holding structure by Saudi family offices, UHNWIs
JEDDAH — Jersey Finance, the body that represents and promotes the award-winning Jersey IFC, recently hosted an event at the British Consulate in Jeddah as part of its efforts to broaden and deepen its relationships with key stakeholders and clients in the Kingdom of Saudi Arabia. During the event, Jersey Finance launched its latest whitepaper, in collaboration with law firm Hammad & Al-Mehdar, which investigates investors’ use of IFCs for structuring related to the Kingdom and their preference in using Jersey.The whitepaper titled “Jersey – A Clear Choice for Saudi Investors” examined the various approaches sought by investors in structuring inbound and outbound investments, the factors behind such approaches, and the benefits of structuring Kingdom investments through IFCs such...
April 21, 2019

Simple holding most widely used holding structure by Saudi family offices, UHNWIs




70 years of solid partnership
Altalayi Co and Bridgestone mark 70 years of successful partnership
JEDDAH — Altalayi Company, the sole distributor for Bridgestone tires in Saudi Arabia, is celebrating the 70th anniversary of its partnership with Bridgestone Corporation, the world’s leader in tire industry.The celebration comes amid continued success of and growing demand on Bridgestone tires across all sectors in the Saudi market in view of its strong performance, great durability and endurance under various driving conditions.On this occasion, Alper Yuksel, CEO of Saudi Bugshan Automotive Group, said: “Altalayi Company’s partnership with Bridgestone Corporation, the world’s leading tire company, is one of the longest in the history of commercial partnerships in Saudi Arabia.”“We first offered Bridgestone tires to the Saudi consumer in 1949. “Over the 70 years,...
April 21, 2019

Altalayi Co and Bridgestone mark 70 years of successful partnership

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