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Dealer convention group photo
Altalayi discusses company strategies to boost services
JEDDAH —Altalayi Company, the sole distributor of Bridgestone Tires in Saudi Arabia, recently held the annual meeting with its clients across the Kingdom to demonstrate its strategy and activities for this year, familiarize with all current market trends and business challenges, discuss ways to deal with the current situation and increase the visibility of Bridgestone tires. The annual assembly comes in recognition of the loyalty of company’s clients as well as its keenness to engage them in its future plans.A series of meetings were conducted in this regard, with the first held in Dammam on March 17 drawing the attendance of 200 trade partners, followed by one in Jeddah on March 19 attended by 150 trade partners, and the third was in Riyadh on March 21 where 150 trade partners in the...
April 13, 2019

Altalayi discusses company strategies to boost services

CEO of Elm Dr. Abdulrahman bin Saad Aljadhai,and  president of Microsoft Arabia Thamer bin Mohammed Alharbi sign the agreement
Elm signs partnership with Microsoft Arabia
RIYADH — Elm, a leading provider of digital solutions, signed a memorandum of understanding (MOU) with Microsoft Arabia in its headquarters in Riyadh.The agreement was signed by the CEO of Elm Dr. Abdulrahman bin Saad Aljadhai, and the president of Microsoft Arabia Thamer bin Mohammed Alharbi. The agreement aims to encourage technical capabilities in order to meet the needs of strategic customers, which will promote developing areas of digital transformation, data science, technical analysis, machine learning, artificial intelligence, business intelligence, and big data.Within the framework of this agreement, Microsoft will be providing the latest digital solutions that help organizations reduce waiting times, provide 24 hours of service and reduce operating costs. Also, it aims to...
April 13, 2019

Elm signs partnership with Microsoft Arabia

Michael Train, president of Emerson & chairman of Emerson Automation Solutions, speaks at the inaugural Gulf Intelligence Saudi Arabia Energy Forum in Riyadh
Skills key to success of digital transformation
RIYADH – A rigorous and comprehensive personnel strategy is the most important aspect to digital transformation being successful, according to Michael Train, president of Emerson & chairman of Emerson Automation Solutions, speaking at the inaugural Gulf Intelligence Saudi Arabia Energy Forum in Riyadh earlier this week.“If you are not focused on people as much as you are on technology, your digital transformation will stall and ultimately fail to materialize. There has to be effective collaboration between IT and OT to design and manage this transformation. Education and upskilling of the workforce to adapt their work, based on new technologies and data, is also crucial and this applies at all levels, including preparing the next generation through universities and trade schools and...
April 13, 2019

Skills key to success of digital transformation

File photo shows Jack Ma, chairman of Alibaba Group attending the World Economic Forum (WEF) annual meeting in Davos, Switzerland. — Reuters
Alibaba founder defends overtime work culture as 'huge blessing'
SHANGHAI — Alibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China's tech companies, calling it a "huge blessing" for young workers. The e-commerce magnate weighed into a debate about work-life balance and the overtime hours demanded by some companies as the sector slows after years of breakneck growth. In a speech to Alibaba employees, Ma defended the industry's '996' work schedule, which refers to the 9 a.m. to 9 p.m. workday, six days a week. "I personally think that being able to work 996 is a huge blessing," he said in remarks posted on the company's WeChat account. "Many companies and many people don't have the opportunity to work 996," Ma said. "If you don't...
April 12, 2019

Alibaba founder defends overtime work culture as 'huge blessing'

File photo of a Chevron fuel station.
Chevron to buy Anadarko for $33 bln in shale push
NEW YORK — Chevron Corp unveiled a $33 billion takeover of Anadarko Petroleum Corp on Friday, bolstering its position in shale oil and liquid natural gas production with the biggest industry merger since Royal Dutch Shell bought BG Group in 2016. With oil prices surging this year, Chevron and larger rival Exxon Mobil have been doubling down on investments in the United States' Permian basin, one of the main centers of a boom in shale oil exploration. Chevron said the deal to buy Anadarko, one of the biggest remaining US independent producers, would give the combined company a 75-mile-wide corridor across the Permian's Delaware basin as well as Anadarko's Mozambique LNG project, part of one of the industry's largest planned current investments. Shares in Chevron,...
April 12, 2019

Chevron to buy Anadarko for $33 bln in shale push

In this file photo the Uber logo is seen outside the Uber Corporate Headquarters building in San Francisco, California. Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years and a bellwether for other venture-backed startups eyeing Wall Street listing.— AFP
Uber sets IPO in motion, seeks to 'ignite opportunity'
SAN FRANCISCO — Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing. The filing with the Securities and Exchange Commission contained no specific pricing or timing for the market debut for Uber, which according to media reports was expected to raise some $10 billion. Uber's valuation in its latest private investment round was more than $70 billion, but reports said the ride-hailing giant was likely to seek a market value of close to $100 billion. The filing noted that Uber offers ridesharing in some 700 cities but has bolder ambitions to reshape how people and goods are transported with operations such as meal deliveries,...
April 12, 2019

Uber sets IPO in motion, seeks to 'ignite opportunity'

In this file photo the Walt Disney Studios logo is projected onscreen during the CinemaCon Walt Disney Studios Motion Pictures Special presentation at the Colosseum Caesars Palace in Las Vegas, Nevada. Disney's video streaming service will launch in the US on November 12, then gradually go international, Disney said on Thursday. — AFP
Disney unveils price, launch date for big streaming push
BURBANK, Calif., — Walt Disney Co priced its highly anticipated streaming video service below Netflix in an aggressive move to challenge the dominant streaming service and entice families to buy yet another monthly subscription. Disney said on Thursday its new family-friendly streaming service will cost $7 monthly or $70 annually with a slate of new and classic TV shows and movies from some of the world's most popular entertainment franchises in a bid to challenge the digital dominance of Netflix. The ad-free monthly subscription called Disney+ is set to launch on Nov. 12 and in every major global market over time, the company said. In addition to Disney films and TV shows, it will feature programming from the Marvel superhero universe, the "Star Wars" galaxy, "Toy...
April 12, 2019

Disney unveils price, launch date for big streaming push

File photo of Japan's SoftBank Group Corp Chief Executive Masayoshi Son at a news conference in Tokyo, Japan. — Reuters
SoftBank picking its battles with US national security committee
SAN FRANCISCO — SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals, as the Japanese investor confronts a new U.S. law aimed at cracking down on foreign investors. SoftBank's investment style has made it a frequent visitor of a US government group known as the Committee on Foreign Investment in the United States (CFIUS), charged with reviewing foreign investment for national security and competitive risks. "We know the deals are going to be reviewed," Marcelo Claure, chief operating officer of SoftBank Group Corp, said in an interview with Reuters this week. "We have abided by what the US government...
April 12, 2019

SoftBank picking its battles with US national security committee

In this file photo the Tesla logo is seen outside of their showroom in Washington, DC. Shares of Tesla fell on April 11, 2019 following a report the electric car company and electronics giant Panasonic are suspending plans to expand a battery plant due to weak demand for the vehicles. — AFP
Tesla begins offering leases for Model 3
NEW YORK — Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker's customer base. Tesla said its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly payments thereafter, but they will not have the option to buy the car at the end of the lease. Tesla said that it would begin bundling its autopilot software as a standard feature on all cars, raising the base price, and would drop the entry-level Model 3 Standard from online ordering. As a result, the lowest-priced Model 3 available for order on its online menu in the United States is now the $39,500 Standard Plus, which includes Autopilot. The company in February had rolled out its...
April 12, 2019

Tesla begins offering leases for Model 3

File photo of Ben van Beurden, CEO of Royal Dutch Shell, speaking during a meeting with Russian President Vladimir Putin in Moscow, Russia. — Reuters
Arrival of Putin's judo partner squeezed Shell out of LNG project: Sources
LONDON/MOSCOW — Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Vladimir Putin, according to five sources.After three years work on the Baltic Coast project, Shell discovered that Gazprom was bringing in a company linked to Arkady Rotenberg, who is on a US sanctions blacklist. The sudden change in the line-up of partners was one of the key factors contributing to Shell's Wednesday announcement that it was pulling out of the project, according to three sources close to Shell and two other sources familiar with the project. Asked to comment on the reasons for withdrawing, a Shell spokesman said it had nothing to add to a previous statement that said its...
April 12, 2019

Arrival of Putin's judo partner squeezed Shell out of LNG project: Sources

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