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Mideast prioritizing encryption for cloud, IoT, emerging tech
DUBAI – nCipher Security, the provider of trust, integrity and control for business critical information and applications, announces that emerging technologies such as the internet of things (IoT) and Docker containers are being deployed at a growing rate throughout the Middle East, as is the use of the cloud. As the use of these technologies grows, so do the potential security risks associated with them and consequently, organizations in the Middle East are increasingly adopting encryption to protect data from internal and external threats. These are some of the findings from the 2019 Middle East Encryption Trends Study from the Ponemon Institute.The study, as well as nCipher’s advanced application and information security solutions, will be showcased at GISEC, the largest...
March 31, 2019

Mideast prioritizing encryption for cloud, IoT, emerging tech

Saudi expansionary budget to help boost economic growth
JEDDAH — S&P Global Ratings affirmed its ‘A-/A-2’ unsolicited long and short-term foreign and local currency sovereign credit ratings on SaudiArabia. The outlook is stable. The stable outlook reflects S&P expectation that Saudi Arabia will maintain a pace of moderate economic growth and retain strong government and external balance sheets over the next two years, despite wider fiscal deficits.“We could raise the ratings if Saudi Arabia’s economic growth prospects improve beyond our current expectations, for example, as a result of a more diversified economy,” S&P Global Ratings said in a statement.It added: An unexpected materialization of contingent liabilities or a buildup of arrears could also place additional pressure on expenditure. Additionally, the ratings could come...
March 31, 2019

Saudi expansionary budget to help boost economic growth

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Standardized classification of restaurants in KSA urged
By Ibrahim KutbiOkazJEDDAH — The income of restaurants in the kingdom is estimated at billion of riyals annually, according to statistics. Despite the fact that the amount of investment is huge in this sector under famous commercial brands, this sector is managed in an unorganized way and competing in high prices. There is no classification of restaurants like the way it is done in many other countries, more or less like the classification of hotels with the number of stars. There is no specified limit to the prices, instead of the chaos that we are witnessing here where each restaurant is setting up the prices the way they want.Most of the restaurants that are widely spreading in most big cities, like Jeddah and Riyadh, have no control over their prices and it is harming consumers. If...
March 31, 2019

Standardized classification of restaurants in KSA urged

Saudi Exim Bank launch slated in Q4 2019
AL-KHOBAR – Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih announced on Sunday that the Saudi export and import bank (Exim) will be launched in the fourth quarter of 2019. He said the bank will include many products that serve international exporters and buyers to meet all their financing needs and will be open to international markets.The minister made the remarks while attending a function of exchanging exports financing initiatives of companies, which are beneficiaries of the Export Financing Initiative, organized by the Saudi Exports Development Authority (Saudi Exports).Deputy Minister of Energy, Industry and Mineral Resources Abdul Aziz Al-Abdul Karim and Secretary General of the Saudi Exports Saleh Al-Salami attended the ceremony.The initiative is a...
March 31, 2019

Saudi Exim Bank launch slated in Q4 2019





Emotional moment at the AliExpress pop-up store
AliExpress brings clients closer to their families
A very heartwarming incident took place on March 30 at the main entrance of Riyadh Park illustrating how tech-products and e-commerce can connect generations with each other. These is a video post released by AliExpress that demonstrates the emotional occurrence transpired at the AliExpress pop-up store open for the weekend at Riyadh Park.The video showcases a boy who wants to give his grandmother a surprise gift to celebrate her birthday. The boy brings his grandmother to the shop and offers to buy multiple gifts for her birthday. The grandmother seems disinterested at the beginning, until her grandson connects a Bluetooth speaker to his phone and plays a voice note of her late husband singing a love song. The grandmother was impressed and had a very emotional moment at the same time and...
March 31, 2019

AliExpress brings clients closer to their families

David Dew
SABB wins ‘Saudi Arabia’s Best Bank for Asia’ Award
THE Saudi British Bank (SABB) has been named “Saudi Arabia’s Best Bank for Asia” 2019 by Asiamoney magazine. It is the second consecutive year that SABB has won this award.SABB was granted this award following a rigorous evaluation process measuring the quality of banking services provided to Middle Eastern customers doing business in Asia, as well as Asian customers doing business in the Middle East.David Dew, Managing Director at SABB, said: “We are proud of this award which recognizes SABB’s unique ability to connect Asia and the Middle East. As the Leading International Bank in Saudi Arabia, SABB is a crucial partner to Saudi businesses as they expand and grow in the world’s fastest-growing economies.”SABB, which is currently undergoing a merger with Alawwal bank, is one...
March 31, 2019

SABB wins ‘Saudi Arabia’s Best Bank for Asia’ Award





Said Ziyad Al-Twaijri and  Mohammed Ali
Nayyara Banqueting gets HACCP safety certificate
NA YYARA recently received the international food quality and safety certificate HACCP (Hazard Analysis and Critical Control Points) from the Crystal International Company for the year 2019.Nayyara has contracted with Crystal International Company - a company specialized in food quality and safety - to check on monthly basis all the manufacturing stages starting from vendors, raw material receiving, warehouse storing and food processing till the final stage of high-end service provided to its customers.Crystal International Company reviews and audit digitally all stages of food processing, and after which includes nearly 250 points are controlled to provide healthy food for customers.After a rigorous digital inspection process of all stages of food processing for more than 250 inspection...
March 31, 2019

Nayyara Banqueting gets HACCP safety certificate

TPM unveils new range of Vidimed & Giuliani health and cosmetic products
THE Principals MENA (TPM), a fast-growing brand marketing company in the Middle East and North Africa (MENA), recently launched its latest range of best-in-class health, skin and hair care products from a network of leading international partners, at a special launching event held at V Hotel, The Palm. The launching was part of the company›s continuing efforts to bring high-quality and carefully-chosen consumer healthcare and wellness products to the region. The event also marks the regional entry of Vidimed and Giuliani--European brands exclusive to TPM.Headquartered in Dubai, TPM is one of the leading companies in MENA providing baby healthcare, consumer, pharmaceutical and sports nutrition products, trusted by global companies in the healthcare and pharmaceuticals sector for its...
March 31, 2019

TPM unveils new range of Vidimed & Giuliani health and cosmetic products

S&P affirms Saudi ratings at ‘A-/A-2’ with stable outlook
Riyadh — Standard & Poor’s Global Ratings has affirmed Saudi Arabia’s credit ratings at “A-/A-2” with a stable outlook.The stable outlook is based on expectations that the Kingdom will maintain moderate economic growth in the next two years, the agency said in a statement.It said it expected Saudi Arabia to cut its budgeted expenditures to meet its target of a balanced budget by 2023, setting an ambitious strategy to reduce the economy's dependence on oil and foreign labor. — Agencies
March 30, 2019

S&P affirms Saudi ratings at ‘A-/A-2’ with stable outlook

B777X lr
Saudi Arabia hosting Global Aviation Summit 2019
RIYADH — Boeing Saudi Arabia is a sponsor of the 2019 Global Aviation Summit that is being held under the patronage of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al-Saud and organized by the General Authority of Civil Aviation (GACA). The Summit will be held April 1 and 2.Boeing’s sponsorship is an affirmation of the company’s long-term partnership with the Kingdom, and underscores its commitment to Saudi Arabia’s Vision 2030 that supports a range of programs and the local industry.“The aviation industry in Saudi Arabia has recorded remarkable growth and the Summit is a key platform to sustain and continue building dialogue between the government and private sector,” said Ahmed Jazzar, president, Boeing Saudi Arabia. “Boeing is very keen to support this...
March 30, 2019

Saudi Arabia hosting Global Aviation Summit 2019

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