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7551 - 7560 from 16532 . In "BUSINESS"
Russian firm CNIITMASH, Egypt’s Petrojet sign MoU on nuclear projects cooperation
SOCHI, Russia — The State Research Center JSC RPA CNIITMASH and the Petrojet Company, Egypt, have signed a Memorandum of Understanding at AtomExpo 2019 International Forum on Tuesday.The MoU is about development of cooperation for execution of nuclear projects in the Middle East and North Africa regions.The Memorandum was signed by General Director of CNIITMASH Dr. Orlov and Vice-Chairman for Business Development of Petrojet Dr.-Eng. Moataz Khalil.Under the MoU, both parties will set up the business cooperation in the most suitable form to support Petrojet involvement in projects of NPP, which are based on Russian design and quality system. It is considered that CNIITMASH will arrange corresponding certification of materials, processes and equipment as well as required accreditation of...
April 16, 2019

Russian firm CNIITMASH, Egypt’s Petrojet sign MoU on nuclear projects cooperation

Markets rise on optimism over trade
LONDON —Global stock markets mainly rose Tuesday on optimism over trade talks between Beijing and Washington, with earnings results also heartening investors.«Equity markets in Europe are higher as the positive move in Asia overnight has rubbed off on European sentiment,» said CMC Markets UK analyst David Madden.«Firmer property prices in China combined with continued optimism surrounding the US-China trade talks drove Chinese stocks higher. The bullish sentiment spilled over to Europe.»Asian equities rose, on the eve of vital Chinese first-quarter economic growth data, as investors brushed off a weak lead from Wall Street on Monday.High-level talks between China and the United States aimed at ending their long-running trade war are also being closely followed, with most observers...
April 16, 2019

Markets rise on optimism over trade

Saudi Arabia’s transformation into a diverse economy ‘accelerating’
RIYADH — Efforts under way in Saudi Arabia to transform the economy by privatizing several key state-owned entities and fostering new trade relations are explored in a new report from the global research and consultancy firm Oxford Business Group (OBG).The Report: Saudi Arabia 2019 charts the latest developments in the Kingdom’s ongoing drive to diversify its oil revenues through a wide-ranging reform program.OBG’s report provides details of the move to lay the foundations for a new phase of industrial development by rolling out mega-projects for raw materials that are needed to construct new manufacturing plants. It also considers the key role earmarked for small and medium-sized enterprises in reshaping the economic landscape.Tourism and entertainment are two sectors set to play a...
April 16, 2019

Saudi Arabia’s transformation into a diverse economy ‘accelerating’

Al Borg Laboratories marks 20 years of hard work and innovation
AL-Borg Medical Laboratories is celebrating its 20th anniversary in the Kingdom as the largest chain of laboratories in the Gulf and Africa, with 66 locations in eight countries, of which 40 labs covering 22 cities across the Kingdom.Al-Borg Medical Laboratories, in addition to providing direct service to customers through their 40 locations, is also entrusted by 20 hospitals to manage and operate their medical laboratories; and provides as well medical services for over 70% of healthcare providers and insurance companies in KSA.By applying the highest standards of quality, control and accuracy, Al Borg Laboratories were qualified to be accredited by the Saudi Central Board for Accreditation of Healthcare Institutions (CBAHI) , the College of American Pathologists and also won the Joint...
April 16, 2019

Al Borg Laboratories marks 20 years of hard work and innovation

Prince Faisal Bin Saad Bin Saud Bin Mohammed Bin Abdulaziz Al Saud cuts the ceremonial ribbon at the inaugural of Salon des Grandes Complications in Riyadh
Salon des Grandes Complications in Riyadh inaugurated
PRINCE Faisal Bin Saad bin Saud Bin Mohammed Bin Abdulaziz Al Saud inaugurated Salon des Grandes Complications in Riyadh last April 15.Leading on from the extraordinary success of the fine watchmaking exhibition the past years in the capital, the annual event is being held once again at the prestigious Al Faisaliah Hotel and runs until April 18.Designed to celebrate watch culture in the Middle East, Salon des Grandes Complications is a public event that offers the watchmaking community in Saudi Arabia an exceptional setting in which to enjoy new timepieces and ground-breaking technologies. The new Arabian Connoisseurs Majlis is a welcome addition to this year’s Salon where collectors and brand representatives can convene, converse, and enjoy informative talks on a variety of watchmaking...
April 16, 2019

Salon des Grandes Complications in Riyadh inaugurated

Riyad Bank launches new HQs in style
RIYAD Bank launched its new headquarters in Riyadh on Sunday in an event that witnessed the first ever 3D mapping on a building in the Kingdom. The event was inaugurated by Eng. Abdullah Al-Issa, Chairman of the Board of Directors at Riyad Bank, with the presence of the Board members, the executive management, the bank’s staff and a number of media personalities.Abdullah Al-Issa said “we always look forward to providing an exceptional and positive work environment for our people who are our highest priority. This new office will help us to inspire top talents to deliver best results and improve our shareholders’ value.” He also expressed his thanks for the great efforts put in by all staff who contributed to the move of the building.”Tareq Al-Sadhan, Chief Executive Officer at...
April 16, 2019

Riyad Bank launches new HQs in style

Alinma Bank offers financing solutions at ‘Sakani Expo’
ALINMA Bank participated in the “Sakani Expo” exhibition held at Events land in front of the Red Sea Mall in Jeddah organized by the Ministry of Housing and Real Estate Development Fund for the beneficiaries of a Sakani program in the period between 15 and 24 April 2019. Mr. Abdolmohsen bin Abdulaziz Al-Faris, CEO and Managing Director, stressed the importance of enhancing citizens’ ownership of suitable housing, which was taken into account by the ambitious vision of the Kingdom of 2030 and set targets to achieve this.Alinma Bank has contributed to the acquisition of thousands of citizens to own their suitable residence, through various real estate financing options to own land, flat or villa. This is in line with Alinma Bank’s strategy that focuses on investment and savings...
April 16, 2019

Alinma Bank offers financing solutions at ‘Sakani Expo’

Faris AlGhannam, General Manager - Global Banking of HSBC Saudi Arabia, receives the award
HSBC Saudi Arabia wins Best Foreign Investment Bank in the Kingdom
HSBC Saudi Arabia won the Best Foreign Investment Bank in Saudi Arabia award for 2018 from EMEA Finance, in a ceremony recently held in Dubai. The Award was received by Faris AlGhannam, General Manager - Global Banking of HSBC Saudi Arabia.EMEA Finance awards recognize the achievements of the best commercial, investment and Islamic banks as well as asset managers and brokers in countries across the Middle East. HSBC Saudi Arabia has been a repeat winner of this award across several years.Rajiv Shukla, CEO (acting) of HSBC Saudi Arabia, said: “We are delighted to have won this award again, which is a reflection of our strong commitment to the Kingdom in offering leading investment banking services and products to our customers. We will strive to continue providing superior services to our...
April 16, 2019

HSBC Saudi Arabia wins Best Foreign Investment Bank in the Kingdom

The new feature provides women with a choice in selecting a preference to be connected to women riders
Uber launches ‘Women Preferred View’ for female drivers in Saudi Arabia
UBER announced Tuesday the launch of a new “Women Preferred View” feature for women drivers in Saudi Arabia, which provides them with a choice in selecting a preference to be connected to women riders. A global first for Uber, the Women Preferred feature underwent a pilot run last year and thanks to its popularity has now been incorporated as a full-fledged feature exclusive to women drivers in Saudi Arabia.The launch of this unique feature comes on the back of Uber’s Masaruky initiative that aims to increase women’s participation in the workforce through access to affordable transportation, in addition to increasing women’s access to flexible, part time economic opportunities through the use of Uber technology.The newly introduced feature is designed to meet growing interest...
April 16, 2019

Uber launches ‘Women Preferred View’ for female drivers in Saudi Arabia

Aramco buys $1.25bn stake in South Korean refiner
Dhahran — Saudi Aramco and Hyundai Heavy Industries Holdings on Monday announced that they have reached an agreement for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea's Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings.The investment is valued at approximately $1.25 billion.AOC’s’s investment in South Korea’s Hyundai Oilbank will support Saudi Aramco’s crude oil placement strategy by providing a dedicated outlet for Arabian crude oil to South Korea.Abdulaziz Al-Judaimi, Saudi Aramco’s Senior Vice President of Downstream, said: “Saudi Aramco continues to strengthen its position in the downstream sector. This acquisition demonstrates our investment in the highly complex refining sector in Asia, and...
April 15, 2019

Aramco buys $1.25bn stake in South Korean refiner

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