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9941 - 9950 from 16524 . In "BUSINESS"
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

Abu Dhabi unveils standardized digital solution for trade, customs, logistics
ABU DHABI — Abu Dhabi Customs unveiled MAMAR, a modernized online single-window platform to facilitate trade for the Emirate of Abu Dhabi across sea ports at first followed by land, air, and post, in collaboration with Maqta Gateway LLC, an Abu Dhabi Ports subsidiary. The announcement was made during GITEX Technology Week 2018, which is taking place at the Dubai World Trade Center. This partnership is guided by the wise vision of the UAE’s leadership and in support of the Abu Dhabi Economic Vision 2030.In a UAE first, MAMAR utilizes existing features from Abu Dhabi Customs’ e-services and the Maqta Port Community System (mPCS) , creating a fully integrated system following international messaging standards that allow seamless handling of import, export, and transshipment...
October 15, 2018

Abu Dhabi unveils standardized digital solution for trade, customs, logistics





resized- workforce pro
Epson introduces new A3, A4 business inkjet
VISITORS to GITEX technology Week can experience two new series of WorkForce Pro, single function and multi-function printers for busy offices at Epson stand hall 4, E4-10. The new printers will have Epson’s signature inkjet technology, low environmental impact, low intervention and high productivity for small workgroups wanting both A3 and A4 capability. The WF-C8690, delivers improved performance for A3 printing in this segment, while the WF-M5799DWF, deliver fast, reliable and high-yield A4 mono printing with a low Total Cost of Ownership (TCO).Jason Whiley, director of sales, Epson Middle East, said: “These laser-beating inkjet printers save money, energy and time, and are packed full of business productivity and document management features. Designed specifically to reduce...
October 15, 2018

Epson introduces new A3, A4 business inkjet

34 Saudi firms take part in GITEX 2018
THE Saudi Pavilion at GITEX 2018 was inaugurated by Fahd Al Dakhil, Saudi Deputy Consul in Dubai. The Saudi Export Development Authority (Saudi Exports) is participating in GITEX Technology Week 2018 in Dubai. The Saudi Pavilion organized by “Saudi Exports” includes 34 national companies specialized in Communication and Information Technology. Through this participation, “Saudi Exports” is aiming to promote national industries and services, open new export channels for Saudi companies in the markets, and complement the role of “Saudi Exports” in promoting Saudi products and services and increase their market share in international markets, thereby enhancing the contribution of the telecommunication sector to the GDP.“Saudi Exports” participation in GITEX is considered the...
October 15, 2018

34 Saudi firms take part in GITEX 2018





Avaya and Smart Link sign a Memorandum of Understanding
Smart Link accelerates digital service expansion
SMART Link, a subsidiary of Al Khaleej for Training and Education and a leading Saudi-based Business Process Outsourcing (BPO) company, has teamed up with Avaya Holdings Corp. to accelerate Smart Link’s expansion and the diversification of its digital services portfolio.The two companies signed a Memorandum of Understanding (MoU) during GITEX Technology Week 2018 with a focus on digital and cloud-based solutions that will enable Smart Link to have greater agility and flexibility in meeting its customers’ demands for digital services.Part of Al-Khaleej Training & Education, and in alignment with Saudi Vision 2030, Smart Link is digitalizing and automating all possible duties to increase its human value, assigning all admin and repetitive tasks to computers while delivering cutting-edge...
October 15, 2018

Smart Link accelerates digital service expansion





Delegation from Zulfi Chamber of Commerce led by the Chairman of the Chamber’s board of director Abdullatif Mohammed Al Abdullatif
ATO president welcomes Zulfi Chamber of Commerce delegation
DR. Bandr Fahd AlFehaid, President of the Arab Tourism Organization headquartered in Jeddah, welcomed a delegation from Zulfi Chamber of Commerce led by the Chairman of the Chamber’s board of director Abdullatif Mohammed Al Abdullatif. The delegation was shown the organization’s plans and programs which can be benefited from in many fields including training, rehabilitation, tourism events and festivals. This is because among the Kingdom’s cities and governorates, Zulfi Governorate is considered as a tourist destination due to its strategic location, its wealth in heritage and natural elements as well as it organizing tourism events and festivals under the supervision of the General Authority for Tourism and National Heritage, which led to the development of tourism as it received...
October 15, 2018

ATO president welcomes Zulfi Chamber of Commerce delegation

Huawei unveils 2 AI microchips at GITEX
Saudi Gazette‘ACTIVATE Intelligence,’ is Huawei’s theme during the annual GITEX Technology Week being held at World Trade Center Dubai until Wednesday (Oct. 17).Huawei is presenting in the event two artificial intelligence microchips, Ascend 910 and Ascend 310. These that can run data centers and smart devices were presented for the first time last week in China during Huawei Connect event.The new chips that are designed and manufactured by the company, will help in enhanced the quality of services and results of the company’s innovations, including the intelligent video analytics innovation. The products that are shown in the booth focus on artificial intelligence.Alaa ElShimy, Vice President and Managing Director, Huawei Enterprise Middle East, explained that the company is...
October 15, 2018

Huawei unveils 2 AI microchips at GITEX





Ahmed Aboudoma, Mobily CEO and Rafiah Ibrahim, President of Ericsson in the Middle East and Africa, sign the agreement
Mobily in deal with Ericsson to manage its IT services
ETIHAD Etisalat (Mobily) announced that it has signed an agreement with Ericsson, a leading company in remote data and telecommunications systems. The agreement aims to Saudize and enhance the quality of services Mobily offers to customers.Mobily CEO Ahmed Aboudoma signed on behalf of Mobily while Rafiah Ibrahim, President of Ericsson in the Middle East and Africa signed on behalf of Ericsson. Mobily CEO Ahmed Aboudoma said the agreement underscores Mobily’s commitment to Saudize information technology, boost investment in the digital economy, transfer knowledge and experience in the field to the Kingdom, enhance national cadre skills, and highlight Mobily’s relentless drive to offer the latest technologies to its millions of customers as well as demonstrate its commitment to providing...
October 15, 2018

Mobily in deal with Ericsson to manage its IT services

Group photo of the delegation from the Sultanate of Oman, headed by Ministry of Tourism officials, during its roadshow at the Crowne Plaza Hotel, Jeddah
Oman holds roadshows in KSA to promote popular tourist attractions
JEDDAH/RIYADH —As part of its intensive tourism campaigns this year, Oman’s Ministry of Tourism hosted a two-city roadshow in the Kingdom of Saudi Arabia (KSA) as part of its series of tours of its neighboring GCC states to promote the Sultanate as an ultimate destination for regional visitors seeking a once-in-a-lifetime travel experience.The KSA roadshow made its first stop at the Crowne Plaza Hotel in Jeddah on Oct. 9, 2018 before continuing on to Hyatt Regency Olaya Hotel in Riyadh on Oct. 10, 2018.A delegation from the Sultanate, headed by Ministry officials, consisted of senior representatives from several leading travel and tourism companies and hotel establishments. They attended workshops where they met with local travel and tourism firms and agencies to explore Oman’s...
October 14, 2018

Oman holds roadshows in KSA to promote popular tourist attractions




David N. Farr
Emerson to buy GE Intelligent Platforms
DUBAI — Emerson on Sunday announced it has agreed to acquire Intelligent Platforms, a division of General Electric. Intelligent Platforms’ programmable logic controller (PLC) technologies will enable Emerson, a leader in automation for process and industrial applications, to provide its customers broader control and management of their operations. Terms of the deal were not disclosed.The acquisition expands opportunities for Emerson in machine control and discrete applications across process industries and target hybrid markets, such as metals & mining, life sciences, food & beverage and packaging. By interfacing Intelligent Platforms’ PLC technology with Emerson’s leading distributed control systems, customers will be able to connect “islands of automation” within the plant...
October 14, 2018

Emerson to buy GE Intelligent Platforms

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