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Egyptian banking system outlook raised to positive
LIMASSOL — Moody’s Investors Service has changed the outlook for Egypt’s banking system to positive from stable, as economic growth picks up, supporting credit growth, banks’ profitability and internal capital generation.The positive outlook also reflects the strong links between the banks’ and the government of Egypt’s (B3 positive) improving credit profile. This is due to the large exposure that Egypt’s banks have to the country’s government through investments in securities and loans, which stood at 40% of total banking system assets as of June 2018.Moody’s report, “Banking system outlook: Egypt--Accelerating economy and strong loan demand drive our positive outlook”, said one of the key drivers of Moody’s positive outlook for the Egyptian banking system is...
October 13, 2018

Egyptian banking system outlook raised to positive

John Rudolph
Overcoming huge skills gap in oil and gas industry as bulk of workforce near retirement
By John Rudolph*THE oil and gas sector is facing significant challenges globally and regionally as it continues to lose its skilled human capital, mainly due to the high average age of plant operators. According to the World Petroleum Council, the average age of employees in oil and gas companies is 50 years old, meaning that within five to ten years the bulk of the current workforce will be retiring.The retirement of this generation of workers in this very important sector will leave a huge skills gap to be filled by millennials, who have on average a significantly lower job tenure. This new generation of employees needs to be trained quickly to come up-to-speed requiring a substantial amount of investment by industrial manufacturers. Companies are looking increasingly at technology for...
October 13, 2018

Overcoming huge skills gap in oil and gas industry as bulk of workforce near retirement




Stephen Strnisha
Gulf capitalists urged to pursue US Investor Program to help create employment in America
DUBAI — The United States Congress has recently passed a reauthorization of Employment-Based (EB-5) Investor Immigration Program recently, that extend the popular immigration through investment program and help the US create more jobs, a top official said.“The US Congress passed a reauthorization of the EB-5 program until December this year that will help the residents of the UAE and the Gulf to avail Green Cards without the delays facing investors from other countries ,” Stephen Strnisha, a Board Officer of Invest in the USA (IIUSA), the EB-5 industry trade association, and Chief Executive Officer of Cleveland International Fund (CIF), said.“EB-5 program has become more popular in countries where the number of immigrants has historically been low – such as the Gulf...
October 13, 2018

Gulf capitalists urged to pursue US Investor Program to help create employment in America

Intersec 2019 will take place on Jan. 20-22, 2019 at the Dubai International Convention and Exhibition Centre
Middle East commercial security market to rise to $16.4bn by 2024
DUBAI — The countdown has begun for the 21st edition of the world’s leading security, safety, and fire protection trade show in Dubai, with global suppliers zooming in on a Middle East market that is estimated to more than double in value over the next six years.More than 1,300 exhibitors from 59 countries, including 18 of the world’s top 20 commercial security providers, are set to participate at Intersec 2019, which takes place from 20-22 January at the Dubai International Convention and Exhibition Centre.The annual three-day event, organized by Messe Frankfurt Middle East, covers the seven sections of Commercial Security; Fire & Rescue; Perimeter & Physical Security; Safety & Health; Homeland Security & Policing; Information Security; and Smart Home & Building Automation.It will...
October 13, 2018

Middle East commercial security market to rise to $16.4bn by 2024

First edition of Beautyworld Saudi Arabia 2018 kicks off
WITH over 147 exhibitors from 19 countries, the first edition of Beautyworld Saudi Arabia 2018 will take center stage on Oct. 14-16 at the Jeddah Centre for Forum and Events.The event today will be inaugurated by Mazin Batterjee Vice-Chairman, Jeddah Chamber of Commerce and Industry.Dubbed as the largest beauty event to take place in Saudi Arabia, the Beautyworld Saudi Arabia 2018 will have variety of fragrance; cosmetics & skincare; hair, nails & salon supplies; machinery, packaging, & raw materials; and personal care & hygiene, with the aim to cater to growing demand for a professional platform in one of the world’s most promising markets.The three-day event is organised by Messe Frankfurt Middle East in partnership with Saudi-based ACE Exhibitions, and is the 5th Beautyworld event...
October 13, 2018

First edition of Beautyworld Saudi Arabia 2018 kicks off

Dr. Ibrahim Janahi
Bahrain Tech Week gathers Gulf innovators and global experts
BAHRAIN Tech Week concluded with the Bahrain International eGovernment Forum 2018, held at the Ritz Carlton in Bahrain. The series of events hosted across Manama brought together professionals from government, major private-sector entities and startups to explore how digital innovations will revolutionize industries across the GCC. Organized by the Bahrain Economic Development Board (EDB) in strategic partnership with Tamkeen, Tech Week took place from 30th September to 8th October. It presented a unique and diverse programme of high-profile events with more than 10 summits, forums and workshops, hosted by some of the world’s foremost technology experts. Some of the highlights of Bahrain Tech Week include:• AWS Summit Bahrain – where more than 2,500 participants met to debate...
October 13, 2018

Bahrain Tech Week gathers Gulf innovators and global experts

The new production facility
Sika expands operations in UAE
SIKA, global leader in chemicals and building materials, officially inaugurated its state-of-the-art production facility and offices in Dubai with an investment of around AED 40 million. The new facility based in Dubai Industrial Park, one of the largest industrial hubs in Dubai and a member of Tecom Group, comes as part of the global Swiss company’s ongoing expansion and growth plans for developing its operations in the United Arab Emirates and the region.With 240,000 tons annual production capacity, the new facility will constitute the basis for the production of high-performance concrete admixtures and will play a strategic role as a key sales and distribution center for the region. The new facility is also designed to ensure a high level of productivity and quality consistency...
October 13, 2018

Sika expands operations in UAE

RSM National Day
Red Sea Mall contributes towards growth of society and Saudization of jobs
RED Sea Mall has been outstanding in the significant role it plays in contributing towards activities and programs that drive the society towards growth and progress.For three days, the Mall hosted a variety of activities, incorporating multinational companies and government agencies such as the Ministry of the Interior›s Anti-Drug Department. The Mall was also decorated from inside and out in green along with exterior lighting for National Day celebration. The flags of the Kingdom of Saudi Arabia were distributed on this joyous occasion, along with caps and T-shirts carrying the National Day 88 slogan and the Red Sea Mall logo, giving visitors an opportunity to participate and rejoice in the celebration. The Mall, through various activities and programs, highlighted its interest to...
October 13, 2018

Red Sea Mall contributes towards growth of society and Saudization of jobs





The graduates
BCG honors graduates of Business Analyst Program
THE Boston Consulting Group (BCG) celebrated 23 graduates who successfully completed its Business Analyst (BA) Program. BCG’s BA Program invests in young talent from prominent universities in the GCC and globally to support their career development. It is designed to nurture the future generation of GCC leaders by fully integrating BAs into the work of BCG project teams and accelerating personal development through mentorship and formal training.BCG’s Middle East BA program has doubled in size since 2016 – from 18 business analysts in 2016 to 36 recruits starting in October 2018. The development program is highly attractive to the best-performing graduates of the region, as it provides a strong foundation of knowledge and is a stepping stone for them to acquire the different...
October 13, 2018

BCG honors graduates of Business Analyst Program

World’s first nuclear language proficiency standards developed
ABU DHABI — Nawah Energy Company, the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has become the first company in the world to develop English language standards for nuclear plant operations. These standards play a significant role in ensuring a high level of effective safety communication as part of a healthy nuclear safety culture.With employees from more than 40 nationalities, Nawah is the most multinational and multicultural nuclear operating company in the world. Ensuring that the operators and maintenance personnel meet the highest standards of communication has a direct positive impact on the sustainable and reliable operation of the four Units at the Barakah plant.“As we prepare to begin operating the first nuclear energy reactor in the...
October 13, 2018

World’s first nuclear language proficiency standards developed

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