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Sheikh Saleh bin Ali Al Turki, Mayor of Jeddah (middle), hands over the Green Building award to Engineer Sultan Subhi Batterjee (right), CEO of Lifestyle Developers
Diyar Al Salam Residences first residential project in KSA to receive LEED certificate
IN the presence of Sheikh Saleh bin Ali Al Turki, Mayor of Jeddah, the US Green Building Council (USGBC) has awarded Diyar Al Salam Residences the Leadership in Energy and Environmental Design (LEED), which is the first private residential LEED-awarded project in the Kingdom held on the site of the project, last Wednesday.The CEO of Lifestyle Developers, Engineer Sultan Subhi Batterjee, said to be awarded the LEED, which means leadership in energy and environmental design, is a redefinition of how we think about the places and spaces where we live and work. This will contribute to achieving Vision 2030 of the Kingdom in terms of energy, environmental conservation and life quality.The mayor of Jeddah expressed his appreciation for this pioneering project, which serves a large group of the...
April 20, 2019

Diyar Al Salam Residences first residential project in KSA to receive LEED certificate

SAS partners with NVIDIA on deep learning, computer vision
SAS has announced it is partnering with NVIDIA to help businesses bring artificial intelligence (AI) into their organizations. The companies are collaborating across machine learning, computer vision and natural language processing, with NVIDIA GPUs and CUDA-X AI acceleration libraries, to support the core elements of SAS’ AI offerings – leading to faster, more accurate insights.“AI is transforming business across industries,” said Gavin Day, SAS Senior Vice President of Technology. “At the heart of AI-based transformation is advanced analytics. Powerful GPUs help speed the analysis and impact of AI by processing millions of mathematical operations very quickly. By partnering with NVIDIA, we combine our strengths to augment human intelligence and realize the true potential of...
April 20, 2019

SAS partners with NVIDIA on deep learning, computer vision

Saudi businessmen and members of the Indian community attending the seminar. — Courtesy photos
Invest India holds seminar in JCCI to facilitate bilateral deals
Saudi Gazette reportJEDDAH — Indian Consul General Md. Noor Rahman Sheikh, while stressing the tremendous improvement in the investment climate in India, also highlighted the surge in the bilateral trade between India and Saudi Arabia after the visit of Indian Prime Minister Narendra Modi to Saudi Arabia in 2016 and the recent visit of Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, to India in February 2019.He was speaking at an India Investment Seminar held here at the Jeddah Chamber of Commerce and Industry (JCCI) on Thursday. Invest India, a body under Ministry of Commerce & Industry, government of India, organized the seminar in active collaboration with the Consulate General of India, Jeddah, Saudi Arabian General Investment Authority (SAGIA) and JCCI.The...
April 20, 2019

Invest India holds seminar in JCCI to facilitate bilateral deals

Kaspersky uncovers critical vulnerability in Windows OS
DUBAI — Kaspersky Lab’s automated technologies have detected a previously unknown vulnerability in Microsoft Windows. It was exploited by an unidentified criminal group in an attempt to gain full control over a targeted device. The attack was aimed at the core of the system – its kernel – through a backdoor constructed from an essential element of Windows OS.Backdoors are an extremely dangerous type of malware, as they allow threat actors to control infected machines discreetly for malicious purposes. Such escalation of privileges from a third party is usually hard to hide from security solutions. However, a backdoor that exploits a previously unknown bug in the system – a zero-day vulnerability – has significantly more chances to fly under the radar. Ordinary security...
April 20, 2019

Kaspersky uncovers critical vulnerability in Windows OS

Maaden acquires 85percent of Meridian Fertilizers Group in Africa
Ma’aden buys into Meridian to bolster market share in Africa
RIYADH — Saudi Arabia’s largest mining company Ma’aden will make its first international acquisition with the purchase of an African Fertilizer distribution company that is due to be completed by September for an undisclosed fee.The publicly-listed Saudi Arabian Mining Company will acquire an 85% stake in the Mauritius-based Meridian Group in an all cash deal that will provide one of the Middle East’s largest phosphate producers with 3,000 staff and a network of operations across southern Africa, from Malawi to Mozambique, Zimbabwe and Zambia. Phosphate is used to produce fertilizer that is essential in replacing the phosphorous mineral that is removed from soil when agricultural plants are harvested.“This acquisition marks a very important step in Ma’aden’s strategy to build...
April 20, 2019

Ma’aden buys into Meridian to bolster market share in Africa




Badr Al-Olama delivers his remarks at the Global Manufacturing and Industrialization Summit
UAE at the forefront of enabling start-up innovations for global growth
DUBAI —The Mohammed bin Rashid Initiative for Global Prosperity (the Global Prosperity Initiative), an initiative of the Global Manufacturing and Industrialization Summit (GMIS), called on global start-ups to develop transformational solutions, aimed at achieving a sustainable future for communities, as showcased by the 16 finalists of its $1 million Global Maker Challenge at the Pitch Event held in Abu Dhabi and Dubai last April 16 and 17, respectively.The Mohammed bin Rashid Initiative for Global Prosperity is creating an ecosystem to channel innovation towards global good, reinforcing the UAE’s commitment to the United Nations Sustainable Development Goals (SDGs). The UAE is creating the right ecosystem to empower innovative start-ups and entrepreneurs. This is demonstrated by...
April 20, 2019

UAE at the forefront of enabling start-up innovations for global growth

Babak Sultani
Investcorp buys Frankfurt property
MANAMA — Investcorp, a leading global provider and manager of alternative investment products, said last Thursday that its London-based real estate investment team acquired Lyoner Stern, a multi-let office building located in Frankfurt, Germany. The acquisition is Investcorp’s third real estate investment in Germany in the past 12 months.Lyoner Stern is located in Niederrad, just nine minutes from Frankfurt Central Station. Frankfurt is considered a major financial center of the European continent, with many headquarters based there. Niederrad is considered a back-office location for financial institutions and companies operating in Frankfurt City and offers companies an opportunity to rent space at a significant discount to Frankfurt City.The modern building comprises 28,114 sq. m. of...
April 20, 2019

Investcorp buys Frankfurt property

Khalifa Al Shamsi shares his insights at the ‘Leaders Summit 2019’
5G infrastructure to be nervous system of digital economy
DUBAI — 5G infrastructure is set to become the nervous system of the ‘Digital Society’ and ‘Digital Economy’ with clear goals being set to deliver on the 5G promise by enabling boundless connectivity, deliver sustainable innovation, accelerate digital transformation and drive growth with new use cases, said Khalifa Al Shamsi, Chief Corporate Strategy and Governance Officer, Etisalat Group.Al Shamsi shared his insights at the ‘Leaders Summit 2019’ held by SAMENA Telecommunications Council which brought together leaders and change makers from more than 29 countries, with the aim of materializing private and government partnerships; for fostering collaboration within the ICT industry of the region; and for discussing challenges that have emerged since 5G deployment became a...
April 20, 2019

5G infrastructure to be nervous system of digital economy

Emirates will be providing more options and choice for its customers in Riyadh with the introduction of the first scheduled Airbus A380 service to the capital city, effective April 21. — Courtesy photo
Emirates introduces scheduled service to Riyadh
DUBAI — Emirates will be providing more options and choice for its customers in Riyadh with the introduction of the first scheduled Airbus A380 service to the capital city, effective April 21. Riyadh will be the 51st destination to join the Emirates A380 network.Flight EK 817/818, currently operated by a Boeing 777-300ER, will now be operated by the iconic and highly popular Emirates A380. The Emirates A380 aircraft will be operating on the route five times a week. Emirates flight EK 817 will depart Dubai at 1850hrs, arriving in Riyadh at 1935hrs. The return flight EK 818 leaves Riyadh at 2125hrs, arriving in Dubai at 0035hrs the next day.The deployment of the iconic double-decker aircraft will offer business and leisure travelers from Riyadh even more connection opportunities for a...
April 19, 2019

Emirates introduces scheduled service to Riyadh

An Airbus 321-100 of a German carrier Lufthansa stands on the tarmac in front of the control tower at Munich international airport in Germany. — Reuters
Airbus sells longer-range A321, expects quick end to Boeing crisis
TOULOUSE, France — Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signaling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX. Scherer, who took on the top sales role in September, told Reuters that Airbus is seeing more demand for longer-range versions of roughly 200-seat planes previously used for medium-haul routes, blurring boundaries with bigger jets. "We are selling increased range on the A321. People are telling us this is a great module, give me more range. (We say) we will give you the maximum range we can on the A321: how many would you like? That is what we are doing," he said in his first substantial interview in his new...
April 19, 2019

Airbus sells longer-range A321, expects quick end to Boeing crisis

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