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1061 - 1070 from 16601 . In "BUSINESS"
Impact Finance transfers 31.29% stake in Jahez to unit holders
Saudi Gazette ReportJEDDAH — Impact Finance Private Equity Fund has transferred 3.28 million of its shares in Jahez International Co. for Information Systems Technology (Jahez) to the fund’s unit holders.Jahez stated in a statement on Tadawul that the number of shares in the fund amounts to 3.28 million shares, representing 31.29 percent of stake in Jahez.The company announced that it had received on Thursday a letter in this regard from Impact Financial Co. in their capacity as manager of the Impact Finance Private Equity Fund in the information technology and e-commerce sector.The letter revealed the fund’s intention to transfer its shares in Jahez to the fund’s unit holders.The shares will be deposited in the investment portfolios of the fund’s unit holders, after lifting the...
January 22, 2023

Impact Finance transfers 31.29% stake in Jahez to unit holders

The second edition of the
Hajj Expo 2023 attracts record number of attendees including international participants
JEDDAH — The second edition of the "Hajj Expo 2023" Hajj and Umrah Services Conference and Exhibition drew a record 60,000 visitors from around the world.The expo, which was organized under the theme "Quality of Services," attracted over 200 government entities as well as Hajj and Umrah companies. During this event, over 400 international agreements were signed, including 57 concerning Hajj.Sponsored by Prince Khaled Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region, the Hajj conference and expo promoted collaboration and partnership opportunities. Numerous agreements were signed between the Ministry of Hajj and Umrah and Hajj and Umrah mission representatives from over 57 states. Important agreements and partnerships between...
January 22, 2023

Hajj Expo 2023 attracts record number of attendees including international participants

Landmark Arabia recognized by Riyadh Chamber of Commerce for their people's efforts
RIYADH — Landmark Arabia, the pioneering omnichannel retailer and hospitality lead in Saudi Arabia, was recognized for their people's efforts by the Riyadh Chamber of Commerce as a consequence of implementing initiatives that align with Saudi Vision 2030 and places Saudization at the forefront of its hiring strategies.The award was received from the Deputy Minister of Human Resources and Social Development, Dr Abdullah Abu Thunin, the President of the Chamber of Commerce, Mr Ajlan AlAjlan, and the Deputy of the Chamber, Eng. Mansour Alshthri.Landmark Arabia has been certified by Great Place to Work since 2017, reflecting the organisation's dedication to building a workplace culture that prioritizes empowerment, respect, and trust.With a strong presence in Saudi Arabia, the...
January 22, 2023

Landmark Arabia recognized by Riyadh Chamber of Commerce for their people's efforts

Rajendran has been with the company since 2014, and as its GM since 2019.
Tamimi Markets appoints a new CEO
KHOBAR — “Tamimi Markets” announced on Sunday the appointment of Bobby Rajendran as CEO effective January 1, 2023.Rajendran has been with the company since 2014, and as its GM since 2019. Tamimi Markets is Saudi Arabia's fastest-growing retail food chain as recently announced by Global Brands Magazine in 2022 with 103 stores across the kingdoms of Saudi Arabia and Bahrain.Over the past four years, “Tamimi Markets” has expanded into new markets, grown its store base of both Tamimi Markets and Tamimi Express locations, added to its international supply chain network and built a rapidly growing customer base. It successfully navigated the COVID pandemic under Rajendran’s leadership, often setting the pace with quality, cleanliness and high international standards. Bobby has...
January 22, 2023

Tamimi Markets appoints a new CEO

Splash: Timeless pieces, Timeless style
How can you make your everyday style in 2023 truly timeless? The new Splash Basics collection is the answer to this million-dollar question on every fashionista’s mind. Elegant, experimental, pared-back yet elevated — the collection has all the mainstay items to take you through the fashion season.While the meticulously curated collection includes classics like the crisp white tee and nautical-inspired tops to lay the foundation of your wardrobe rehaul, it takes a daring turn with colors and silhouettes that are seldom seen in essential wear. Think boxy, breezy silhouettes and yellows and lilacs gracing your office looks.These are clothes that transcend fickle trends and become investment pieces in building a solid rotation wardrobe that lasts you years. The best part? The collection...
January 22, 2023

Splash: Timeless pieces, Timeless style

Middle East enjoying an important period of economic stability — Crescent Petroleum CEO
The Middle East is enjoying an important period of political and economic stability with the regional economy buoyed by high oil process and economic growth, Majid Jafar, CEO of Crescent Petroleum, told business leaders gathered at the World Economic Forum in Davos on Thursday. He highlighted that industrial production has improved, employment is increasing, and tourism is recovering healthily from the effects of the pandemic, fueling healthy growth of up to 5.1%.However, risks from the global economic situation, like high inflation and interest rates, must be managed, especially in more vulnerable economies of the region before their impact becomes severe. As oil-exporting economies boost the region's growth potential, oil-importing countries in the rest of the region may face...
January 20, 2023

Middle East enjoying an important period of economic stability — Crescent Petroleum CEO

Invest India is promoting Asia's third-biggest economy at the World Economic Forum in Davos, Switzerland.
India flexes its muscle at Davos as China’s star fades
DAVOS — The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from companies and governments courting attention or deals. There are the tech giants, the major consulting groups, and representatives from the Middle East.But this year, dominating the main street in Davos are emissaries from India, who have taken over at least eight storefronts with appeals to the elite gathering’s political and business class.“Every 10 steps you will have either us or a state government or a private entity,” said Deepak Bagla, the CEO of the national investment promotion agency Invest India. One investor, Bagla joked, had described the thoroughfare as “Little India.”India has shown up in force for good reason. In 2023, as global...
January 19, 2023

India flexes its muscle at Davos as China’s star fades

Global Climate Philanthropy Alliance for Climate and Nature set for launch in run-up to COP28
DAVOS — Crescent Enterprises CEO, Badr Jafar, co-hosted with the Prince Albert II of Monaco Foundation a high-level event on Climate and Nature Positive Philanthropy in the presence of Prince Albert II of Monaco during the World Economic Forum’s Annual Meeting in Davos. The purpose of the meeting was to discuss the launching of a global alliance of leading philanthropists and philanthropic organisations with the aim to advance collective efforts in addressing climate, ocean and biodiversity goals, allowing for deeper collaboration and leveraging of resources.The session was attended by Majid Al Suwaidi, Director General of COP28, who delivered remarks on the UAE’s vision for COP28 and the importance of harnessing the potential of all sources of capital, including philanthropic...
January 19, 2023

Global Climate Philanthropy Alliance for Climate and Nature set for launch in run-up to COP28

stc group.
stc tops list of Middle East's most valuable telecom brands for three consecutive years
RIYADH — stc Group, the leading digital enabler in the region, has succeeded in maintaining the first rank as the most valuable brand in the Middle East in the telecommunication sector, for the third year in a row, according to Brand Finance's global 500 2023 report.Thanks to the group's success, continuous expansion, and growth since the "Dare" strategy launch in 2017. Over the last five years, the brand's value has increased by almost 100%, from $6.2 billion in 2017 to $12.3 billion in 2022. This achievement results from the brand's outstanding performance in maintaining its leadership position and enhancing its commercial strength in KSA and the region.In addition to being the most valuable brand, stc Group ranked among the fastest-growing brands in the...
January 18, 2023

stc tops list of Middle East's most valuable telecom brands for three consecutive years

The session, titled ‘Philanthropy: A Catalyst for Protecting Our Planet,’ took place as the United Arab Emirates prepares for hosting COP28 Emirates Climate Conference later this year.
Tackling climate crisis requires political will, private capital and home-grown innovation: Badr Jafar speaking at Davos
At a special session on climate philanthropy hosted at the World Economic Forum (WEF) annual meeting in Davos, public, private and philanthropy leaders gathered to amplify efforts to drive impact and shape global, regional and industry agendas around climate philanthropy. The session, titled ‘Philanthropy: A Catalyst for Protecting Our Planet,’ took place as the United Arab Emirates prepares for hosting COP28 Emirates Climate Conference later this year.Opening the session, Borge Brende, President of the World Economic Forum, highlighted that less than 2% of global philanthropy currently goes towards climate change action and called for greater collaboration between stakeholders to scale impact. He was followed by John F. Kerry, U.S. Special Presidential Envoy for Climate, who spoke of...
January 18, 2023

Tackling climate crisis requires political will, private capital and home-grown innovation: Badr Jafar speaking at Davos

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