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9931 - 9940 from 16523 . In "BUSINESS"



Saudi Energy Minister Khalid Al-Falih addresses the gathering during India Energy Forum in New Delhi on Monday. — Reuters
Saudi oil output expected to rise next month: Falih
NEW DELHI — The Kingdom expects its oil production to rise next month from the current 10.7 million barrels per day, Saudi Energy Minister Khalid Al-Falih said.While there are many factors that could influence global oil prices, Saudi Arabia and other major producers will continue to act to cushion the market from oil price shocks, Falih said at the IHS CERA conference.“We could have another (round of) unanticipated disruptions that we have seen in Nigeria, Libya and Venezuela. And we have seen sanctions on Iran. These supply disruptions need a shock absorber and the shock absorber to a large extent has been Saudi Arabia,” he said.“We have invested tens of billions of dollars tobuild spare capacity of 2-3 million barrels per day over years. That is equivalent to the production...
October 15, 2018

Saudi oil output expected to rise next month: Falih

Saudi stocks rebound above 7500 points
Muhammad AbdullahOkaz/Saudi GazetteDammam — Saudi stocks made a strong comeback on Monday.The Tadawul All-Shares Index (TASI) surged 4.04 percent at close.It closed at 7568 points amid active trading with a total value of about SR6.3 billion to compensate for all losses on Sunday.All the sectors in the market ended higher while 183 out of 185 listed firms made gains. The index is now 4.6 percent up on the year.Market analysts said the sharp decline in the general index during the opening session on Sunday was linked to the decline in the closing session on Thursday last.They noted that many global markets recorded a decline, and that the index’s holding at 7010 points is a sign of strong support.
October 15, 2018

Saudi stocks rebound above 7500 points




Abdulaziz M. Al-Judaimi
Aramco catalyst for India’s oil and gas sector growth
NEW DELHI — Saudi Aramco played a central role in the second India Energy Forum att the invitation of the Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas.Hosted by CERAWeek IHS Markit and held October 14-16, the annual event fosters national and international dialogue on opportunities, challenges and strategies to bring about a new energy future for India.Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and Saudi Aramco chairman, Khalid A. Al-Falih, took part in the Ministerial Dialogue on Oct. 15. The same day, Saudi Aramco Senior Vice President of Downstream Abdulaziz M. Al-Judaimi participated in a panel discussion titled: “Outlook for Refining and Petrochemicals.”Judaimi noted that relations between the Kingdom and India are...
October 15, 2018

Aramco catalyst for India’s oil and gas sector growth




Muhammad M. Saggaf
Creating logistics hub in Kingdom essential: Saggaf
RIYADH — Saudi Aramco participated in the 2nd Supply Chain and Logistics Conference organized by the Ministry of Transport in Riyadh. Saudi Aramco’s Senior Vice President of Operations & Business Services Muhammad M. Saggaf delivered a keynote speech at the two-day conference, Saudi Arabia’s most comprehensive event of its kind, to underscore the importance of creating a logistics hub in the Kingdom.Addressing the conference audience in a keynote speech, Saggaf said: “The role played by the supply and logistics sector has gained increasing importance in both scope and value. The sector now represents about $4.3 trillion of the world’s economy. It impacts other industrial, commercial and service sectors and has adopted many new advanced technologies.”He added: “The Kingdom...
October 15, 2018

Creating logistics hub in Kingdom essential: Saggaf

SME
MENA economic growth hinges on small and medium enterprises: Study
JEDDAH — As efforts to stimulate economic growth in the Middle East and North Africa (MENA) territory remain on course, focus is now shifting to small and medium enterprise-driven strategies in a bid to accelerate growth, a report by Allied Investment Partners PJSC revealed.“This comes on the back of declining oil reserves and revenues, which served as a wake-up call to the MENA governments on over-reliance on their energy reserves to fuel their respective economies,” it noted.But even as regional political and socio-economic realignment continues to take shape, government-driven diversification agendas are steadily mainstreaming SMEs and mid-market companies as key economic growth drivers.In its report titled “Financing of SMEs and Mid-Market Companies”, Allied Investment...
October 15, 2018

MENA economic growth hinges on small and medium enterprises: Study




Jumeirah Beach Hotel pool
Jumeirah Beach Hotel set to reopen Oct. 19
DUBAI — Jumeirah Group on Monday announced that its much loved Dubai landmark, Jumeirah Beach Hotel is to re-open on Oct. 19, 2018, following a five month transformation program.Guests will return to discover a reimagined luxury experience created for the modern family and discerning traveller. The tasteful yet bold refurbishment was skilfully crafted to ensure no interference with the heart of the hotel, and mindful not to erase any of the warmth or personal touches synonymous with the Jumeirah Beach Hotel.The new Jumeirah Beach Hotel returns with a more contemporary ambiance and a host of new dining experiences, retaining its family friendly focus and redesigned rooms and suites for a more engaging, comfortable and yet pampering stay, all underpinned by Jumeirah’s award winning,...
October 15, 2018

Jumeirah Beach Hotel set to reopen Oct. 19




Ross Williams
UAE to tap into $11.5b digital health start-ups
DUBAI — Arab Health, the largest exhibition for healthcare and trade professionals in the MENA region, has outlined the role of tech start-ups in playing a more vital role in the healthcare industry in areas such as personalized medicine and more efficient technology-enabled care models. The report titled “Technology: Accelerating Innovation Across Healthcare” revealed that digital health start-ups are said to have raised $ 1.5 billion in 2017, up 27% from 2016, exponentially increasing the pace of digital innovation in healthcare.“The market is ripe for new healthcare start-ups and entrepreneurs looking to make their mark on the industry. Over the years, we have seen growing interest in new products and innovations that will contribute to shaping the future of healthcare....
October 15, 2018

UAE to tap into $11.5b digital health start-ups

The Merchant House joins portfolio of SLH
MANAMA — Bahrain’s highly anticipated all-suite hotel, The Merchant House – a Campbell Gray Hotel- is proud to announce that it has joined the portfolio of Small Luxury Hotels of the World (SLH). SLH comprises of small, independently owned luxury hotels around the world and has more than 500 hotels covering 80 countries in its exclusive membership.The international hotel management company, Campbell Gray Hotels, focuses on creating and designing a collection of highly individual hotels around the world. The Merchant House, Manama, Bahrain will be Campbell Gray Hotels’ first property in the GCC, following the success of Le Gray, Beirut in Lebanon. The Merchant House, located in the vibrant Bab Al-Bahrain Souk, will enjoy a prime location in the heart of Manama.Upon joining Small...
October 15, 2018

The Merchant House joins portfolio of SLH




The  Machrie  Hotel  and  Links  on  Islay
Machrie Hotel and Links on Islay opens
EDINBURGH — Gordon Campbell Gray, Founder of Campbell Gray Hotels, announced the much anticipated opening of The Machrie Hotel and Links on Islay.He said: “I cannot tell you how thrilled I am to be opening our first hotel in Scotland. As a Scot I have often thought of this day and for it to be on the stunning island of Islay (The Queen of The Hebrides) could not be better. The scenery, the wildlife, the coastline, one of the finest Links courses in the world, coupled with the people and of course its positioning in The Inner Hebrides makes it the perfect place to stay and to explore other nearby islands.”The Machrie Hotel has been closed for the last few years and, following a complete renovation and expansion, re-opened in September 2018. The Machrie sits on seven miles of glorious,...
October 15, 2018

Machrie Hotel and Links on Islay opens

MENA’s M&A transactions hit $45.1b in first 9 months
JEDDAH — Middle Eastern & North African investment banking fees totaled an estimated $684 million during the first nine months of 2018, 8% less than the value of fees recorded during the same period in 2017,Refinitiv, formally the Financial & Risk business division of Thomson Reuters, said Monday in its 2018 Q3 investment banking analysis for the Middle East.According to the report, debt capital markets underwriting fees totalled $180.5 million, down 13% year-on-year but still the second highest fee volume for the region since our records began in 2000. Equity capital markets fees increased 45% to $74.8 million, a 3-year high. Fees generated from completed M&A transactions totalled $101.6 million, a 44% decrease from last year and the lowest first nine months since 2005. Syndicated loan...
October 15, 2018

MENA’s M&A transactions hit $45.1b in first 9 months

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