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7621 - 7630 from 16528 . In "BUSINESS"
Guest ratings outshine brand in hotel selection
DUBAI – Price and guest ratings carry more weight than brand value as key attributes to hotel property selection, according to a new study of more than 900 consumers by Expedia Group, the world’s travel platform, and Unabashed Research - showing that independent hotels can more effectively compete today with their branded counterparts.Unsurprisingly, price was by far the most influential driver of hotel selection, as consumers prioritize value above all else when allocating their travel budgets. Promotions and discounts that represent a real value to the customer is an almost guaranteed way to get hotel shoppers’ attention and have them select a property.“While consumers want the best deal on travel bookings, their individual selections ultimately reflect their values,” said...
April 10, 2019

Guest ratings outshine brand in hotel selection




Andy Thomas-Emans
MENA e-commerce opens up opportunities in smart tracking labels, secure documentation
DUBAI — As the digital age brought radical changes in the society, including rapid shift from traditional industry to an economy based on information technology, all industries have to cope with the trends, including the commercial print and package printing industry.Ahead of the Gulf Print & Pack 2019 on April 15-18 at the Dubai World Trade Center, its organizers expressed optimism about the innovations brought about by the New Media Age.Andy Thomas-Emans, Strategic Director at Tarsus Group, organizers of upcoming event, said the future looks promising for the commercial print and package printing industry with the growing use of e-commerce and Internet shopping throughout the region which is opening up opportunities in ‘smart’ tracking labels and secure documentation, along with...
April 10, 2019

MENA e-commerce opens up opportunities in smart tracking labels, secure documentation




Dr. Abdulaziz Al-Jarbou (right) named as SABIC Chairman, and Yousef Al-Benyan (middle) as Vice Chairman and CEO
SABIC names Al-Jarbou chairman, Al-Benyan vice chairman and CEO
RIYADH — THE members of SABIC’s Board of Directors were approved for a new term until April 2022 at an Ordinary General Assembly meeting held at the company headquarters in Riyadh on April 9.Dr. Abdulaziz Aljarbou was named as SABIC Chairman and Yousef Al-Benyan as Vice Chairman and CEO.SABIC has played a key role in the petrochemical industry and has maintained its leadership in the sector. It is the third largest diversified chemical company in the world with its products reaching more than 100 countries and operations in around 50 countries.SABIC has the highest independent credit rating as per the world’s top three credit rating agencies, and has been placed among the top three global chemical companies. The company’s assets reached $85 billion by the end of 2018 and a market...
April 10, 2019

SABIC names Al-Jarbou chairman, Al-Benyan vice chairman and CEO

Danube Store
BinDawood Group opens 42nd Danube store in Taif
THE BinDawood Group has expanded its footprint in the Kingdom of Saudi Arabia, opening its 42nd Danube store in Taif City, a 7,200 sqm hypermarket in the city’s illustrious Tera mall. The official ribbon cutting ceremony opening was held last Thursday, marking the first day of the Danube store’s operations, attended by the BinDawood Group’s board members.Ahmad AR. BinDawood, CEO, Danube & BinDawood, said “we are thrilled to announce the opening of the first Danube store in Taif city. The province of Makkah has special meaning for our Group; the inception of our business began in the Makkah province over 50 years ago. Expanding our footprint in the province by establishing foothold in Taif with this state-of-the-art Danube store, is a very proud moment for us. The Danube Brand is...
April 10, 2019

BinDawood Group opens 42nd Danube store in Taif

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AISJ transfers to new buildings
JEDDAH — The construction of the American International School in Jeddah (AISJ) campus in Muhammadia District has been completed and the school has now shifted to the new buildings.The project includes, in addition to the campus, a housing compound in another location near the sea side.Developed by JAYID Real Estate Development Company, the school is considered a new benchmark in school development not only in Jeddah City, but in the Middle East as well.Eng. Mufadhal Shkara, CEO of JAYID, said the school has around 50,000m2 built up area containing all levels — from KG to Secondary — with all the supporting sports facilities, including full-fledged football field, tennis courts, swimming pool, basketball arenas, squash and others.The AISJ building program was defined and developed...
April 10, 2019

AISJ transfers to new buildings

The awardees show off their awards
LuLu customers break Guinness World Records
RIYADH — LuLu, the largest hypermarket chain in the region, awarded a total of six winners for record-breaking achievements in partnership with one of the country’s leading food and beverage companies, Almarai. The challengers showed their skills and competed to be title holders during the recently held Food Carnival, the two-week food festival that highlighted a wide variety of food products and culinary treats inspired from flavors around the world. The winners who had set the Guinness World Records are as follows: • Hamza Muhammed Anwar Ashmawi from KSA – Fastest to sort 30 food packets• Salem Ali Al Shaharani from KSA – Fastest to stack a six-tin pyramid• Abdullah Bakri Al Somily from KSA – Fastest to stack 10-tin pyramid• Raed Amr Naal from Syria –...
April 10, 2019

LuLu customers break Guinness World Records

Red Sea Mall - Earth Hour
Red Sea Mall backs power conversation through Earth Hour
JEDDAH — Earth Hour is a worldwide movement organized by the World Wide Fund for Nature (WWF). The event is held annually encouraging individuals, communities, and businesses to turn off non-essential electric lights, for one hour, from 8:30 to 9:30 p.m. on a specific day towards the end of March, as a symbol of commitment to the planet in order to raise awareness for energy consumption and effects on the environment.“As we believe in corporate social responsibility towards power conservation and increasing awareness on the threat of climate changes, we in Red Sea Mall contributed to the Earth Hour, in a step to encourage individuals and corporations to switch off the lights and any electronics to be part of this global act to help in saving energy for the future generations to...
April 10, 2019

Red Sea Mall backs power conversation through Earth Hour

Bahrain sets program for 100 Arab startups
DEAD SEA, Jordan – Bahrain has announced the roll-out of a new program of support for the 100 Arab start-ups shaping the Fourth Industrial Revolution, at the World Economic Forum on the Middle East and North Africa.The special program will include:• Access to the Bahraini market for all companies that have been recognized under the 100 Arab Start-Ups banner – going back to those selected in 2017• Fast-tracking of applications to establish a presence in Bahrain• The creation of a special 100 Arab Start-Ups concierge service to help start-ups navigate and benefit from the local Bahrain ecosystem• Opportunity to pitch and access funding from Bahrain’s Sovereign Wealth Fund, as well as the VC partners of Al Waha Fund of Funds and family offices in the kingdomThe...
April 10, 2019

Bahrain sets program for 100 Arab startups

Saudi Aramco gets whopping $100 billion demand for bond
Riyadh — Orders for Saudi Aramco’s debut international bonds topped $100 billion on Tuesday, a record breaking vote of market confidence for the oil giant.Before the six-part bond deal was marketed on Monday, Saudi Energy Minister Khalid Al-Falih said initial indications of interest for the paper were over $30 billion.Demand for the paper surpasses the $67 billion in demand for Saudi Arabia’s inaugural issue in 2016.The Aramco bond has attracted interest from a wide range of investors, as the oil producer’s vast profits would put its debt rating in the same league as independent oil majors like Exxon Mobil and Shell.Previously reluctant to do so, Aramco last week opened for the first time its books to investor scrutiny, showing it is by far the most profitable company in the...
April 09, 2019

Saudi Aramco gets whopping $100 billion demand for bond

IMF cuts global growth to 3.3% amid trade tensions
WASHINGTON — The global economy is facing a “delicate moment,” beset with risks as the recovery loses steam amid trade tensions, Brexit and other factors, the International Monetary Fund warned Tuesday.The IMF’s World Economic Outlook once again downgraded global growth to 3.3 percent for 2019, two tenths lower than the global crisis lender forecast in January and four tenths lower than October.And while world growth is expected to pick up in the second half of this year and hit 3.6 percent in 2020, many things will have to go right for that to happen, including a resolution of President Donald Trump’s trade battle with China.The quarterly report “projects a slowdown in growth in 2019 for 70 percent of the world economy,” IMF chief economist Gita Gopinath said in a statement,...
April 09, 2019

IMF cuts global growth to 3.3% amid trade tensions

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