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9961 - 9970 from 16524 . In "BUSINESS"
At the awards night
Makkah Millennium Hotel wins ‘Best 5-star Hotel’ award 2018
MAKKAH Millennium Hotel and Towers, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Piazza, is the proud recipient of the coveted “Best 5-Star Hotel 2018” award presented at the Middle East Gala Ceremony of the Arabian Travel Awards 2018 held recently in Dubai.Arabian Travel Awards is a platform for the Middle East to recognize those behind the success of the Travel & Hospitality industry to make them believe they are achievers. It serves to acknowledge, reward and celebrate excellence across all sectors of the Middle East hospitality industry. Kevork Deldelian, Chief Operating Officer at Millennium Hotels and Resorts - Middle East & Africa, has accepted the award on behalf of Makkah Millennium Hotel & Towers during the ceremony attended...
October 14, 2018

Makkah Millennium Hotel wins ‘Best 5-star Hotel’ award 2018

Abdullatif Mohammed Al-Abdullatif (middle), with Mazen Batterjee (left), and  Ziad Al-Bassam
Delegation from Zulfi Chamber visits JCCI
A delegation from Zulfi Chamber of Commerce’s board of directors, led by the Chamber’s Chairman Abdullatif Mohammed Al-Abdullatif, visited the Jeddah Chamber of Commerce and Industry. The delegation included each of the Deputy Chairman of the Board Abdullatif Al-Abdul Karim, Abdullah Al-Ghannam, the Representative of the Chamber to the Council of Chambers Abdul-Aziz Al-Attallah and the Secretary General Mohammed Al-Mulla. They were given the JCCI experience in leading businesses and employing technologies to improve the services provided to the business community. The visiting delegation also toured the Chamber’s administrations, where the Secretary General of the Jeddah Chamber of Commerce Hassan Dahlan gave them a detailed explanation of each administration and department. The...
October 14, 2018

Delegation from Zulfi Chamber visits JCCI

Mohammed Abdulnabi
Egypt Air names new GM for Saudi Arabia
EGYPT Air, the national airline of Egypt, has appointed Mohammed Abdulnabi as its new General Manager for Saudi Arabia.Since Mohamed Abd El Nabi assumed the position of General Manager of Egypt Air in Saudi Arabia, he began to complete the policies that have been put in place for Egypt Air in the Kingdom as Saudi Arabia is considered one of the most important regional and international markets for Egypt Air.He noted that Egypt Air should keep pace with the Kingdom›s current development and prosperity through the ambitious plan of the Kingdom and Vision 2030 which will have the greatest impact in various aspects of economic affairs in general and the air transport industry in particular.“Therefore, the sale policies have been developed according to the requirements of the Saudi market...
October 14, 2018

Egypt Air names new GM for Saudi Arabia

11111111 Rabih Daboussi
Hack In The Box Security Conference set in Dubai
HACK In The Box (HITB), organizer of the HITB Security Conference series, in cooperation with Dubai Electronic Security Center (DESC), announced the return of its popular event to Dubai and the Middle East after an 8-year hiatus. HITB2018DXB, which takes place at the Grand Hyatt Dubai on Nov. 25-28, 2018, features a range of high profile cyber security speakers from around the world who will explore cutting edge developments in the field.The program will feature the event’s signature format of 2-day technical courses followed by a 2-day multi-track conference, with a focus on AI and blockchain tech, maker and hacker spaces, a car hacking and hardware-related village, and HITB’s CommSec track, which is collaborating with BSides Dubai to offer free access to 30 and 60-minute tracks that...
October 14, 2018

Hack In The Box Security Conference set in Dubai

Burj Rafal Hotel Kempinski launches Chinese Foodfest
BURJ Rafal Hotel Kempinski has announced the launch of the Chinese Food Festival that started yesterday (Sunday) and will continue till Oct. 27. An assortment of the most delicious Chinese food are served, such as Kung Pao, Ciao-mian, Cantonese and other famous dishes, as well as beverages. The festival provides an exceptional experience and is being held in the Aroma restaurant.Chef Ricky Hung, who comes from Kempinski Hotel Xiamen, China especially to make delicious dishes at the Chinese Food Festival in Riyadh, said he will accommodate Saudi dining tastes, and he will introduce the Chinese cuisine to the hotel’s guests in an innovative way, which he expects will attract the attention of all gourmet and good food seekers and encourage them to attend the festival.Chef Jackie Kwan, who...
October 14, 2018

Burj Rafal Hotel Kempinski launches Chinese Foodfest

Eng. Khalid A Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia
‘Middle East Electricity Saudi’ event set as Kingdom seeks $7b investment in renewables
RIYADH — Informa Exhibitions Saudi, a newly opened country branch of Informa Exhibitions, will be officially launching the first edition of Middle East Electricity Saudi next week (Oct. 15-17) at the Riyadh International Convention Centre.Under the official patronage of Eng. Khalid A Al-Falih, the Minister of Energy, Industry and Mineral Resources, the event is strategically aligned with the Saudi Vision 2030 and the organizers have partnered with leading institutions such as Saudi Electricity Company to ensure the show delivers exactly what the industry needs..There is an abundance of activity currently taking place in the Kingdom which is at the forefront of a regional power investment drive. According to the ‘GCC Power Market’ report commissioned for Middle East Electricity 2018...
October 13, 2018

‘Middle East Electricity Saudi’ event set as Kingdom seeks $7b investment in renewables

Investment in external ecosystems to increase digital impact: Survey
DUBAI —Digital business initiatives are high on governments’ agendas. However, governments’ ability to scale these initiatives is increasing slowly and progress lags behind that of other industries, according to a survey* by Gartner, Inc.Half the government respondents to the survey are looking to digital government to support a combination of transformation and optimization goals. The other half is focusing on a single ambition, either optimization (33 percent) or transformation (17 percent).Gartner distinguishes five stages on the road to digital transformation: desire, designing, delivering, scaling and harvesting. “Ninety-one percent of government respondents consider themselves at one of the first three stages, which focus on the development and introduction of new...
October 13, 2018

Investment in external ecosystems to increase digital impact: Survey

Government allocates $3.5 billion for the construction of roads and bridges this year
Saudi Build 2018 to display sustainable industry innovations
RIYADH —The Riyadh Exhibitions Company Ltd. has announced that it is all set for the Saudi Build 2018, which will be held on Oct. 22 -25, 2018 at the Riyadh International Conference and Exhibition Center. The Saudi Export Development Authority, which seeks to strengthen Saudi Arabia’s non-oil exports in line with Saudi Vision 2030, is the event’s Platinum Sponsor. The event comes at a time when the Saudi building equipment market is steadily growing. The industry is expected to achieve a compound annual growth rate of 3.1 percent between 2017 and 2022. The 30th edition of the largest international construction technology and building materials exhibition in Saudi Arabia brings together local and international experts, decision makers, and leaders to discuss emerging investment...
October 13, 2018

Saudi Build 2018 to display sustainable industry innovations

Moody’s affirms ratings of SABB, Alawwal Bank
JEDDAH —Moody’s has affirmed the local and foreign currency deposit ratings of Saudi British Bank (SABB) at A1/P-1 and those of Alawwal Bank (Alawwal) at A3/P-2. At the same time, Moody’s has also affirmed the baseline credit assessment (BCA), adjusted BCA, Counterparty Risk Assessment and Counterparty Risk Rating of SABB at a3, a3, A1(cr)/P-1(cr), and A1/ P-1, respectively, and those of Alawwal at baa2, baa2, A2(cr)/P-1(cr), and A2/ P-1, respectively. The outlook on Alawwal’s long-term deposit ratings was changed to positive, from stable, while the outlook on SABB’s long-term deposit ratings was maintained at stable.The rating action last Wednesday follows the official public announcement on Oct. 4, 2018 that the banks have entered into a binding merger agreement. The merger...
October 13, 2018

Moody’s affirms ratings of SABB, Alawwal Bank

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

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