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7841 - 7850 from 16540 . In "BUSINESS"
Mobile shopping popular with millennials in Saudi Arabia
RIYADH — Millennials in KSA are embracing online and mobile-first platforms for shopping, a new study survey revealed how millennials in Saudi Arabia think about and value money, as well as how they spend their income.The research—commissioned by Snapchat in partnership with business intelligence firm Cassandra—comes at a time when millennials (those aged 18-34 years old) have more than $3 trillion of disposable income globally, with their spending power predicted to grow to 33% of all consumer spending over the next decade. Around 27% of the Saudi population are millennials.Mobile shopping is popular, with 85% saying that they use their smartphones for shopping either the same amount or more than they did last year.“Understanding millennials in KSA is crucial as their economic...
March 26, 2019

Mobile shopping popular with millennials in Saudi Arabia

Eyad Al Hebey
Namar & Raham opens new glass factory
RIYADH — Namar & Raham International Co. Ltd has inaugurated its new manufacturing glass factory in a step that reflect positively on Saudi industrial sector. High rates of production capacity of this factory has been recorded during the first trial operation months, which reflects the volume of unique technologies owned by this factory.The new factory located at The Industrial Zone (at Southern Riyadh City) is deemed a milestone at the level of domestic factories specialized at manufacturing glass. This factory succeeded to create a huge base of customers during the first trial operational period. This emphasizes the volume of high quality the factory has realized in production.To keep pace with Saudi Arabian Vision 2030, the factory depended on national cadres in most of operational...
March 26, 2019

Namar & Raham opens new glass factory

Khalid Jasim Al Midfa
Sharjah promotes ecotourism at Riyadh Travel Fair 2019
SHARJAH — The Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed that it will be joining leading participants in the Riyadh Travel Fair, taking place on March 28-29, 2019, to highlight tourism, cultural and leisure attractions in Sharjah and promote the emirate as one of the most significant local and international tourism destinations. Participation in the 11th edition of the event will focus on eco-tourism and outdoor activities, with a strong emphasis on new branded hotel projects, in line with SCTDA’s commitment to promoting Sharjah’s tourism market in the Arab markets, especially in Saudi Arabia – one of the largest Gulf markets for tourists to the emirateCommenting on the participation, Khalid Jasim Al Midfa, Chairman, SCTDA, said: “Our participation...
March 26, 2019

Sharjah promotes ecotourism at Riyadh Travel Fair 2019

Vidya Ramnath
Emerson names new president for MEA
DUBAI – Emerson, a global engineering and technology company, has appointed Vidya Ramnath as the new president for its Automation Solutions business in Middle East and Africa (MEA). A 24-year veteran of Emerson, Vidya was most recently vice president for Emerson’s measurement and analytical business in Asia Pacific.“Vidya’s customer-centric leadership style, breadth of experience, and collaborative strategies make her perfect for the role,” said Sabee Mitra, global sales president for Emerson’s Automation Solutions business. “We look forward to the new ideas and contributions she will bring to helping our customers in Middle East and Africa digitally transform their business to improve operations.”Vidya started her career at Emerson in business unit operations and...
March 26, 2019

Emerson names new president for MEA

Ziyad Bin Mahfouz, CEO, Elaf Group, presents a plaque to Prince Mishaal Bin Majid Bin Abdulaziz Al Saud, thanking him for attending the opening ceremony of The Hotel Galleria
Elaf Group leads in Saudi tourism sector
JEDDAH — Prince Mishaal Bin Majed Bin Abdul Aziz, Governor of Jeddah, attended the official opening of The Hotel Galleria By Elaf, in the presence of a number of dignitaries. The launch was met with wide acclaim, accompanied with praise for the hotel’s aesthetic elements; which embody the iconic Italian architecture, quality of services and the originality of the Arabic traditions that make it a luxurious hotel destination that reflects the KSA’s leadership as a world-class tourist destination.The latest development by Elaf is a strong boost to the company’s ambitious strategy and expansion plans to enhance its strong presence in the tourism and hospitality sectors, and to effectively contribute to the growth and diversification of the national economy in line with Saudi Vision...
March 26, 2019

Elaf Group leads in Saudi tourism sector

Michael Bolliger
Interesting opportunities in GCC seen
By Samar YahyaRIYADH — “There is a trend to provide better access to finance that can benefit for example SMEs, said Michael Bolliger, head of asset management in emerging markets, UBS to Saudi Gazette during his recent visit to Riyadh on how he sees the financial reforms in Saudi Arabia in the last 18-24 months.He added that “maybe this year we will see Aramco issuing bonds worth possibly around $10 billion.”Bolliger opined that the government should work hand-in-hand with the private sector making sure that a healthy private sector starts investing in local companies.“Saudi Stock Exchange had a significant year with the MSCI inclusion and there has been fast money positioning before and after the announcements from MSCI and then from FTSE and the real money investment coming in...
March 26, 2019

Interesting opportunities in GCC seen

Nawaf Al-Sahhaf
Venture capital helps drive Saudi startup economy
OFTEN, a startup starts with a brilliant idea followed with the seed capital coming from close friends, family or the founder's savings. But as the concept gains traction, the inevitable need for funding arises in order to transform it into a thriving company. Here's where venture capital comes into play.In the US, venture capitalists have played a significant role in startup growth. According to PitchBook-NVCA Venture Monitor, venture capitalists (VCs) deployed a whopping $131 billion in US startups last year. In fact, venture capitalists invest more than $22 billion into 2,700 US companies every year.As per MAGNiTT, there were 366 startup funding deals last year, amounting to $893 million, in the MENA region.In Saudi Arabia, technology start-ups incubated by the Badir Program,...
March 26, 2019

Venture capital helps drive Saudi startup economy

Shaza Makkah Hotel marks Int’l Women’s Day
SHAZA Makkah celebrated International Women’s Day last March 8 with a program of activities centered in the exclusive Shalimar Lounge. On entering the lobby all female guests, resident and visiting, were welcomed with a pink rose as a gesture symbolizing support for women’s rights and in appreciation of their contribution to Saudi society. In addition all paying ladies were allowed to bring a guest free of charge.“International Women’s Day presented an ideal opportunity to show Shaza Makkah’s support for women’s empowerment by celebrating this great global event with our female guests,” said Mohamed Jouni, Director of Sales at Shaza Makkah. “Furthermore, the occasion highlighted our commitment to employing and training female staff to play key roles in the Kingdom’s...
March 26, 2019

Shaza Makkah Hotel marks Int’l Women’s Day

Al Tayyar exits Careem at SR1.78 billion in value
AL Tayyar Travel Group, Middle East’s leading technology-powered travel and tourism company, announced that it will be divesting its investment in Careem Inc., with an exit value of SR1.78 billion, in connection with the acquisition of Careem by Uber Technologies Inc., a San Francisco headquartered transportation network company.Abdullah Aldawood, CEO of Al Tayyar Travel Group, said: “This is a historic moment for the Middle East tech space. It is the largest tech deal in the region and a milestone that will provide the stimulus to grow the digital ecosystem and attract more foreign investments.”As the largest corporate shareholder and one of the earliest investors in Careem, we have always been firm believers in the company and its vision to be an enabler on both the economic and...
March 26, 2019

Al Tayyar exits Careem at SR1.78 billion in value

Samsung, Almosafer in deal to enrich users’ Galaxy S10+
SAMSUNG Electronics Co., Ltd has partnered with Almosafer (www.almosafer.com), the leading digital-based travel platform from Saudi Arabia, to reward its customers and provide them with a variety of hotel options to choose from for their travels. The partnership allows customers to save SR200 on hotel bookings through Almosafer, out of a variety of over 1 million hotels worldwide. The gift voucher is provided exclusively to customers who purchase the Samsung Galaxy S10+. Customers can also redeem their vouchers by registering on the Samsung Members application and entering the code to redeem the voucher. The gift voucher is valid until June 20, 2019.“Our partnership with Almosafer is in line with our efforts to offer Saudi customers the latest flagship models and unique benefits. Samsung...
March 26, 2019

Samsung, Almosafer in deal to enrich users’ Galaxy S10+

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