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Fixed income investors concerned about high levels of debt globally, widening credit spreads
JEDDAH — Despite the expectation of a relatively near-term end of the economic cycle, investors are not foreseeing a significant correction in fixed income and rather expect the rare event of a soft landing with a continued flat yield curve, Invesco said in its second annual Global Fixed Income Study, an in-depth report on the investment behavior of fixed income investors.The study revealed that investors plan to maintain fixed income holdings in the search for yield, taking a more active approach to creating diversified scenarios of return through alternatives, emerging market allocations and investing in China.The study, conducted face-to-face among 145 fixed income specialists and CIOs across EMEA, North America and Asia Pacific representing $14.1 trillion in AUM, also found that...
March 24, 2019

Fixed income investors concerned about high levels of debt globally, widening credit spreads




Dr. Mohammad Hawa, CEO of TPM; Gaetano Colabucci; Giuliani’s General Manager; and Dr. Fabio Massimo Rinaldi, Executive Director of the Dermatology Unit of Policlinico Multimedica, Milan, and President of the International Hair Research Foundation at the launching event.
New range of health, hygiene cosmetic products launched
DUBAI — 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, TPMis 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...
March 24, 2019

New range of health, hygiene cosmetic products launched

Najm launches 2nd phase of ‘Insure It Right’ to stress value of motor insurance
RIYADH — Najm for Insurance Services launched the second phase of its “Insure It Right” Campaign that aims at raising awareness among vehicle owners and drivers and educating them on the significance of motor insurance.The campaign covers motor insurance related topics including combating insurance fraud, the importance of dealing with authorized insurance offices and the rights and obligations of the beneficiaries. The campaign also aims to promote the No Claim Discount service, the right of recourse to insurance companies, beneficiaries’ rights, mandatory auto insurance and adding the IBAN to the insurance policy.In this regard, Dr. Mohammad Al Suliman, CEO of Najm, said “Insure it Right” Campaign will contribute toward promoting the importance of insurance among motorists in...
March 24, 2019

Najm launches 2nd phase of ‘Insure It Right’ to stress value of motor insurance

gaming bootcamp
Riyadh to host first ‘Console Gaming Bootcamp’ of 2019
RIYADH — Saudi Arabia’s capital Riyadh will host the first Console Gaming Bootcamp of 2019 this month which is jointly organized by Badir Technology Incubators and Accelerators Program, Corporate Hub 9 (CH9) from Bahrain and ECDC from France.The four-day bootcamp will be held on March 25-28 at King Abdulaziz Center for National Dialogue and aims to create awareness about the console gaming industry as well as teach basics of creating video games by providing the requisite tools and training.The bootcamp is open for young adults and university students, aged between 18 and 35 who can communicate in English and have basic computer skills.“The bootcamp is an opportunity for aspiring gaming professionals to meet three French console gaming professionals who will delve on the various...
March 24, 2019

Riyadh to host first ‘Console Gaming Bootcamp’ of 2019

Maaz Sheikh, CEO and Co-Founder at Starz Play, with other officials, during the announcement of the record growth.
Starz Play logs impressive 300% year-on-year growth
STARZ Play, the UAE homegrown subscription video on demand (SVOD) service and innovative digital start-up, has showcased its impressive growth story this week as it announces reaching one million subscribers.Since inception in 2014, the business has successfully secured $125 million in three rounds of funding, with major investors including Starz/Lionsgate (40%), SSGA – formerly GE Asset Management (40%) and SEQ Investors, and Delta Partners and Founders/Management (20%). Starz Play has secured tie ups with a host of leading, global studios including MGM, 20th Century Fox, Disney, Warner Bros, Universal and Fox International Channels.Maaz Sheikh, CEO and Co-Founder at Starz Play, said: “It’s an exciting time for Starz Play - particularly our reaching one million subscribers this...
March 24, 2019

Starz Play logs impressive 300% year-on-year growth

Shawarmer launches campaign to address growing food waste
THE Shawarmer restaurant chain is marking its 20th anniversary by launching the “Shawarmer for Social Responsibility Save It!” campaign, the most ambitious and comprehensive social impact program in company history designed to help tackle the growing food waste issue in Saudi Arabia.The new Save It! campaign from Shawarmer, one of the largest and fastest growing Saudi owned and operated restaurant chains, is a year-long initiative designed to draw attention to and provide actionable solutions to Saudi’s food waste issue. The program will engage youth, families, the restaurant industry and stakeholders across the entire “farm to table to landfill” ecosystem to take responsibility for helping tackle a serious issue that has far-reaching impact on Saudi society.Saudi ranks number...
March 24, 2019

Shawarmer launches campaign to address growing food waste

Riyad Bank best provider for POS services in the Kingdom
Riyad Bank contributes in achieving 1bn POS purchase deals in 2018
MADA has honored Riyad Bank for its contribution in achieving one billion of purchase transactions via mada POS terminals in 2018, during the ceremony of «Thanks a Billion» that was held last March 18 at the Ritz-Carlton, Riyadh.mada is the new identity of SPAN, that represents the innovative generation of electronic payments in Saudi Arabia which is intended to boost ATMSs and POS growth with unprecedented dimensions of flexibility, speed, security, and acceptance.Riyad Bank is the best provider for POS services in the kingdom through a comprehensive network of POS terminals that reaches more than 35,000 device spread across various stores and centers, that accepts a wide range of debit and credit cards such as mada cards, Visa cards, Visa Plus cards, Visa Electron cards, MasterCards,...
March 24, 2019

Riyad Bank contributes in achieving 1bn POS purchase deals in 2018

Nestlé NIDO celebrates Mother’s Day with a song from ‘The Voice Kids’ stars
NESTLÉ NIDO has gathered talented children from the Middle East to celebrate Mother’s Day 2019 with a song written by renowned lyricist Nizar Francis and composed by acclaimed producer Jean Marie Riachi.The thank you anthem, recognizing mothers’ love and nurturing over the years, includes solo performances from ‘The Voice Kids’ stars George Assi from Lebanon, Bahrain’s Jarrah Al Cha’er, Syria’s Yaeel Al Kassem, Saudi Arabia’s Loujay Al Masrahi, and Lebanon’s Valentina Karaki.A video clip of the song is available online on nidoarabia.com, and on social media including YouTube, Instagram, and Facebook.It follows in the tradition of iconic NIDO songs, including the emotional graduation tune featuring the famous “Children Grew Up with NIDO” statement.“NIDO believes...
March 24, 2019

Nestlé NIDO celebrates Mother’s Day with a song from ‘The Voice Kids’ stars

Makkah Millennium Hotel honors its female workers
MAKKAH Millennium Hotel and Towers, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Piazza, celebrated International Women’s Day by organizing a series of events and activities to appreciate the contribution by female employees in the hotel and the hospitality industry.Marking International Women’s Day celebration last March 8, the female employees of the hotel visited King Abdullah Medical City Specialist Hospital for women to brighten the day of the patients and inspire them to improve their health and well being while also distributing gifts to cheer them up.The hotel also honored the women in the organization by arranging a gathering at Al Andalus Restaurant.Saad Khayat, General Manager, Makkah Millennium Hotel and Towers, recognized...
March 24, 2019

Makkah Millennium Hotel honors its female workers

Flynas launches 6 new destinations this summer
FLYNAS, the Saudi national air carrier and leading low-cost airline in the Middle East, has announced the launch of six new destinations for the summer of 2019 to international cities including Sarajevo in Bosnia and Herzegovina, Vienna in Austria, Trabzon in Turkey, Batumi and Tbilisi in Georgia, and Baku in Azerbaijan.This step comes in line with Flynas’ expansion plans aiming to reach new international destinations in order to meet its passengers’ demands. It is also an extension of the previous phase, in which Flynas witnessed numerous achievements, including the launch of several new destinations and the receipt of many international awards.Flynas said the new destinations will be launched from four Saudi cities; Riyadh, Jeddah, Dammam, and Qassim, starting from June 2019. The...
March 24, 2019

Flynas launches 6 new destinations this summer

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