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Arada set to open its first overseas office in Riyadh
ARADA has announced plans to open its first overseas office, which will be based in the Saudi capital, Riyadh. The UAE developer made the announcement at Cityscape Jeddah, the Kingdom of Saudi Arabia’s largest real estate exhibition, which marked Arada’s entry into the country.Based in the center of Riyadh, the Arada office will incorporate a sales suite showcasing the company’s two Sharjah-based lifestyle communities, Aljada and Nasma Residences, allowing potential buyers to ‘walk through’ the developments using next-generation virtual reality technology. The office is scheduled to open before the end ofJune.Founded in 2016 by two of the Gulf’s most respected businessmen, Prince Khaled Bin Alwaleed Bin Talal and Sheikh Sultan bin Ahmed Al Qasimi, Arada has quickly established...
April 06, 2019

Arada set to open its first overseas office in Riyadh

هواوي واتش جي تي أكتيف
Two innovative versions of Huawei Watch to be unveiled
HUAWEI Saudi Arabia will release two innovative versions of the Huawei Watch GT — the “Active will release two innovative versions of the Huawei Watch GT — the “Active Edition” and “Elegant Edition” in the coming few days. Both editions were recently launched in an exclusive launch event in Paris.Huawei Watch GT was designed to deliver smartwatch capabilities while delivering amazing battery life. With over 1 million sold globally, Huawei Watch GT has become Huawei’s best-selling smart watch since its launch back in October making it the best in its category.The Active Edition features the same 46mm watch face as that of Huawei WATCH GT Classic Edition and Sport Edition, while the Elegant Edition features a smaller 42mm ceramic bezel option. Huawei Watch GT Active Edition...
April 06, 2019

Two innovative versions of Huawei Watch to be unveiled

Cutting of the ceremonial cake at the inaugural
SpiceJet introduces Jeddah as its 9th international destination
By Ahmed Abdul WaseyINDIA’s favorite airline recently launched a daily non- stop flight between Hyderabad and Jeddah making Jeddah Spice Jet’s ninth international destination and third destination in the Middle East.Ajay Singh, Chairman and Managing Director, SpiceJet , said “it is a moment of great pride for us as we introduce Jeddah as our ninth international destination thus becoming the first Indian budget airline to fly to Saud Arabia. Our new flight from Hyderabad will greatly benefit the thousands of pilgrims travelling to Saudi Arabia and SpiceJet promises an unparalleled experience toall our guests.”Jeddah, the second largest city of Saudi Arabia, is also the country’s commercial capital. The city lays in close proximity to the pilgrim destinations of Makkah and Madinah...
April 06, 2019

SpiceJet introduces Jeddah as its 9th international destination

Abu Dhabi property market experiences marginal fall in 2019
ABU DHABI —Abu Dhabi property market experienced marginal decreases in the new year, Abu Dhabi Q1 2019 Property Market Report by Bayut.com revealed. The high ROI and large portfolio of affordable properties in Abu Dhabi’s emerging areas have led to a high amount of interest in the capital’s property market. In Q1 of 2019, the Abu Dhabi property market has seen sales and rental prices experience marginal decreases on average for both apartments and villas compared to the prices seen in Q4 of 2018. Areas such as MBZ City and Khalifa City A are attracting a significant amount of interest from both tenants and investors, as can be seen from the high volume of searches in these areas. A number of factors can be attributed to this positive trend, including delivery of prominent off-plan...
April 06, 2019

Abu Dhabi property market experiences marginal fall in 2019

Innovations from global brands to be featured at Gulf Print and Pack in Dubai
Innovation Trail puts Gulf Print & Pack 2019 on track for success
DUBAI —Gulf Print & Pack 2019 returns to the Dubai World Trade Centre on April 15-18, 2019, boasting more live demonstrations of machinery and technology to potential buyers than in previous editions, with the introduction of a brand-new Innovation Trail led by leading manufacturers.Canon, HP, Konica Minolta, Phoenix Technologies, Ricoh and Xerox are among the exhibitors taking part. Technology being showcased includes: a central reprographic department from Canon, designed to present an entire printing solution in one place; two hardware solutions from HP; workflow and color management software from Xerox, including their Iridesse Production Press; and digital printing solutions from Konica Minolta including the MGI JETVarnish 3DS machine and AccurioLabel 190 label printer. The show is...
April 06, 2019

Innovation Trail puts Gulf Print & Pack 2019 on track for success

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Reckless data sharing online puts consumers at higher risk
JEDDAH — Reckless data sharing online for short-term gains is leaving consumers exposed to more than they bargained for, according to new research from Kaspersky Lab. Despite outrage and worry around high profile data sharing scandals, including when Facebook gave Netflix and Spotify the ability to delete users’ private messages, over half of Internet users (52%) feel that complete privacy in the modern digital world is impossible. Many are instead choosing to sell-out when it comes to securing the integrity of their data and persona online – but with potentially big costs and consequences.Despite the very real consequences associated with personal data being misused or falling into the wrong hands, one in five (21%) people would happily sacrifice their privacy and share data if they...
April 06, 2019

Reckless data sharing online puts consumers at higher risk

ICD members and participants at the Role of digital transformation in restyling the Islamic finance industry” session in Marrakech. — Courtesy photo
ICD launches a new platform initiative during the IsDB Group meeting
MARRAKECH — The Islamic Corporation for the Development of the Private Sector (ICD) held interactive sessions during the IsDB group private sector forum, while the group was organizing its 44th Annual Meeting in the Four Seasons Hotel here. The event entitled “Role of digital transformation in restyling the Islamic finance industry” raised awareness about the role that FinTech could play in developing the Islamic finance industry in the member countries. ICD organized two sessions. The first session was about Adopting Fintech to achieve Financial Inclusion in Islamic Finance and the second session discussed Blockchain technology and Crowdfunding Platforms in Islamic Finance Industry. The events also witnessed the signing of more 41 MoUs between ICD and its partners, related to a...
April 05, 2019

ICD launches a new platform initiative during the IsDB Group meeting

World Trade Organization (WTO) Director-General Roberto Azevedo attends an interview with Reuters at the premises of the Senate in Mexico City, Mexico. — Reuters
Russia's WTO 'national security' victory cuts both ways for Trump
GENEVA — Russia won a dispute about "national security" at the World Trade Organization on Friday, in a ruling over a Ukrainian transit dispute that may also affect global automobile tariffs that could be imposed by US President Donald Trump. The WTO panel ruling, the first ever on the right to a national security exemption from the global trade rules, awarded Russia a legal victory because it had successfully invoked national security. The panel also confirmed the WTO's right to review national security claims, denting US claims that national security was not subject to review, and said any such claim should be "objectively" true, relating to weapons, war, fissionable materials or an "emergency in international relations". "An emergency in...
April 05, 2019

Russia's WTO 'national security' victory cuts both ways for Trump

IRTI report highlights outlook and prospects of Djibouti’s Islamic Financial industry
MARRAKECH, Morocco — The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group on Thursday released an Islamic Finance country report on the Republic of Djibouti, which analyses the country’s Islamic financial outlook and identifies opportunities in the sector. The report was launched during the 14th IsDB Global Forum on Islamic Finance, attended by the IsDB President Dr. Bandar Hajjar and Governor of Djibouti Central Bank Ahmed Osman on the sidelines of the 44th IsDB Group Annual Meeting here. Acting Director General of IRTI Dr. Sami Al-Suwailem, who presented the findings of the report during the launching ceremony, said, “IRTI is pleased to work with the officials of the Republic of Djibouti to make this report a reality. I am confident...
April 05, 2019

IRTI report highlights outlook and prospects of Djibouti’s Islamic Financial industry

File photo of Deutsche Bank.
ECB will ask Deutsche Bank to raise fresh funds for merger — source
FRANKFURT — The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said. The official said that Deutsche would be required to have the buffer, which has yet to be calculated, to cope should it experience setbacks while integrating Commerzbank if a deal is agreed. The demand could complicate a bid to create Europe's third-largest bank from Germany's top two lenders, Deutsche and Commerzbank, who have struggled to recover since the financial crisis. Government officials, led by Finance Minister Olaf Scholz, have pushed for a merger to create a national banking champion and end questions over the banks' future. While Deutsche has argued the case...
April 05, 2019

ECB will ask Deutsche Bank to raise fresh funds for merger — source

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