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Hatem Bamatraf, Chief Technology Officer, Etisalat International, at 5G MENA 2019
Etisalat chief: 5G is the ‘future of connectivity’
DUBAI — Etisalat’s pioneering efforts in 5G will pave the way for the ‘Future of Connectivity’ with innovation and digital transformation taking center stage and leading the company to play a greater role in the digital lives of consumers and enterprises, said Hatem Bamatraf, Chief Technology Officer, Etisalat International at 5G MENA 2019.‏Bamatraf was the keynote speaker at ‘5G MENA 2019’ in Dubai that held high-level keynotes, 5G use-cases, onstage debates and interviews, executive CxO summits, a series of networking opportunities, an awards ceremony, a day-long Blockchain and IoT focused stream.‏As part of his keynote, he highlighted Etisalat’s continuous investments and focus on enhancing and building one of the most advanced networks in the region having...
April 09, 2019

Etisalat chief: 5G is the ‘future of connectivity’

Venu Aravamudan
Cloud can have a positive impact on market share
JEDDAH – F5 Networks is rapidly growing its cloud-native application services portfolio with solutions that address a broad range of modern application development use cases with consumption models that resonate no matter where customers may be in their cloud migration journey. Today, the company extends its portfolio with a new delivery model that leverages the AWS SaaS Enablement Framework for its market-leading application services.F5 Cloud Services provide high-availability, self-service, and fully managed SaaS solutions that are easily provisioned and configured within minutes on AWS. As enterprise-grade offerings, they are designed to support modern deployment scenarios such as cloud-native applications, microservices, and container-based environments. Consumed as a utility through...
April 09, 2019

Cloud can have a positive impact on market share

Mazin Al Bahkali
Saudi Arabia making headway in diversifying its energy sources: GE
RIYADH — “The Saudi Energy Forum 2019 is an important platform to highlight the transformational changes in the energy sector and how Saudi Arabia can leverage existing opportunities to achieve higher levels of efficiency and productivity. With the Saudi Vision 2030 envisaging a remarkable shift in energy production and consumption, the Kingdom is making significant headway in diversifying its energy sources to include a mix of traditional and alternative fuel sources and enhancing energy efficiency.” said Mazin Al Bahkali President & CEO, GE’s Power Services business, Saudi Arabia & Bahrain at a roundtable during GE participation in The Gulf Intelligence Saudi Arabia Energy Forum 2019 held in Riyadh on Monday.“These remarkable changes are also shaping a new energy ecosystem –...
April 09, 2019

Saudi Arabia making headway in diversifying its energy sources: GE

Mohammed Alardhi
Investcorp clears sale of Wench Group to LGP
MANAMA — Investcorp, a leading global provider and manager of alternative investment products, on Monday announced it has agreed to the sale of The Wrench Group, a leading provider of home maintenance and repair services in the United States, to Leonard Green & Partners (LGP), a Los Angeles-based private equity firm. The terms of the transaction were not disclosed.Investcorp, in partnership with management, formed Wrench in 2016. At the time of acquisition, Wrench was comprised of four like-minded, locally operated companies with market leading positions in Atlanta, Dallas, Houston and Phoenix. The management owners’ collaborative approach and entrepreneurial spirit helped transform the business from a group of local businesses to a leading integrated national platform. Today, Wrench...
April 09, 2019

Investcorp clears sale of Wench Group to LGP

accor
Accor reveals roadmap to hasten MEA growth
DUBAI — Accor, the world’s leading augmented hospitality group, is mapping out its blueprint for accelerated growth in the Middle East & Africa (MEA) at this week’s Arabian Hotel Investment Conference (AHIC) 2019.The rapidly-expanding Group currently operates over 260 properties with 60,000+ rooms across 36 countries in the region. With more than 20 projects opening in 2019 alone, the Group is highlighting strong development opportunities for its unrivalled portfolio of residences, extended-stay and lifestyle brands, as well as the growth potential for all-inclusive luxury resorts, at the annual hospitality industry forum in Ras Al Khaimah on April 9-11, 2019.“We have identified a strong consumer appetite for innovative hotels, residences and resorts that have a distinct lifestyle...
April 09, 2019

Accor reveals roadmap to hasten MEA growth

The bank's Compliance Champions program reaffirms its commitment to operating within a robust framework that supports compliance with applicable rules and regulations as well as our strong ethical principles
Ithmaar launches employee compliance training program
MANAMA – Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a pioneering new employee training and compliance program initiative aimed at bolstering compliance with regulatory rules and guidelines across the organization. The Compliance Champions program will see 48 members of staff from different departments undergo in-house training sessions alongside customized courses.The objective of the program is to train employees from outside the Compliance department to become Compliance Champions and serve as the first line of compliance support on the ground. Once sufficiently trained, the Compliance Champions will be able to respond to compliance matters and alert the Compliance and Anti Money Laundering (AML) Department of any issues that need to be escalated.“Compliance is a...
April 09, 2019

Ithmaar launches employee compliance training program

Positive sentiment exudes throughout the three days of exhibition
Public-private sector collaboration to liven up Saudi real estate
JEDDAH — Cityscape Jeddah 2019, the eighth edition of the leading international real estate exhibition in Saudi Arabia, concluded Tuesday, giving developers, investors and industry decision makers alike assurances that the Kingdom’s real estate industry is on an upward trajectory.Held under the patronage of Majid bin Abdullah Al-Hogail, Minister of Housing of Saudi Arabia, Cityscape Jeddah 2019 established itself as a global portal towards new investment horizons in the Saudi real estate market, a platform to share knowledge and learn about the latest economic trends and how they affect the main industries, namely the real estate and its related industries.Strong government support and ongoing initiatives to boost sector growth was reflected at the show, with exhibitors showing...
April 09, 2019

Public-private sector collaboration to liven up Saudi real estate

Unveiling of OPPO Reno inspires youthful creativity
OPPO—a leading global smartphone brand—has confirmed that its new product series, Reno, will come to the UAE as the first international market to range the series outside of China. Right after that, the Reno series will also come to Kingdom of Saudi Arabia. The official MENA unveil for Reno is announced for April 16th in Dubai, UAE.As the epitome of OPPO’s creative vision, Reno will serve as the catalyst for OPPO’s smartphone development and will also be the first product launched after the company announced a refocusing of its portfolio to deliver a premium experience to young consumers.The selection of UAE as the first international market for the Reno series highlights the strategic importance OPPO is placing on the Middle East as part of its global expansion strategy. This...
April 09, 2019

Unveiling of OPPO Reno inspires youthful creativity

Dr. Raed Nasser AlRayes




DUSSUR, a strategic joint venture of the Public Investment Fund (PIF), Saudi Aramco and SABIC, announced on Tuesday the appointment of Dr. Raed AlRayes as its new Chief Executive Officer effective April 1, 2019.
Dr. AlRayes has a proven track record of accomplishments in different professional capacities spanning nearly 20 years - with successful contributions across several fields including investment banking and direct investment. He has played a key role in many financial institutions where he held leadership positions, and he has made significant contributions through board positions in numerous companies. Additionally, he has served as a member in several executive and advisory committees for leading public and private institutions that operates in several sectors, including energy, industry and services sector.
“We are confident of the ability of Dr. Raed to be instrumental in implementing the company’s strategy to open up new industrial sectors that will be of great importance to realizing the goals of Vision 2030, most notably those of job creation and economic diversification,” said Mohammed Abunayyan, Chairman of the Board of Directors of Dussur. “This appointment comes after the successful completion of the company establishment phase led by Engineer Rasheed Al-Shubaili,” added Abunayyan.
Dr. AlRayes said “I am grateful for the confidence bestowed upon me by Board and being selected to lead Dussur. I will be working along with my colleagues to continue the journey that was started by Engineer Rasheed Al-Shubaili; together we will build up upon successes that were achieved in order to reach the aspirations of the company’s shareholders and Board of Directors, and cement the company’s position as a catalyst of achieving the Kingdom’s Vison 2030 through the establishment of valuable partnerships with leading global players.” — SG
Dussur appoints Dr. Raed Nasser AlRayes as CEO
DUSSUR, a strategic joint venture of the Public Investment Fund (PIF), Saudi Aramco and SABIC, announced on Tuesday the appointment of Dr. Raed AlRayes as its new Chief Executive Officer effective April 1, 2019.Dr. AlRayes has a proven track record of accomplishments in different professional capacities spanning nearly 20 years - with successful contributions across several fields including investment banking and direct investment. He has played a key role in many financial institutions where he held leadership positions, and he has made significant contributions through board positions in numerous companies. Additionally, he has served as a member in several executive and advisory committees for leading public and private institutions that operates in several sectors, including energy,...
April 09, 2019

Dussur appoints Dr. Raed Nasser AlRayes as CEO

Hilton Garden Inn Al Jubail
Hilton Garden Inn Al Jubail launched
THE new 133-key Hilton Garden Inn Al Jubail has opened in Saudi Arabia’s commercial center in Jubail, Dammam. It joins three existing Hilton Garden Inn properties in Saudi Arabia.The hotel building serves as a contemporary hospitality haven in the heart off Al Jubail, the industrial hub if Saudi Arabia. The hotel’s modern form is a new visual anchor for this emerging city. Set on the Jubail Corniche near the Jubail Commercial Port, the property is conveniently located between King Fahd Airport in Dammam and the Royal Commission of Jubail and its Industrial City.“The completion of Hilton Garden Inn Al Jubail marks a key moment in this district’s transformation,” said Dewan Architects +Engineers Executive Director, Ammar Al Assam. “The hotel’s contemporary architectural...
April 09, 2019

Hilton Garden Inn Al Jubail launched

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