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3581 - 3590 from 16551 . In "BUSINESS"
Amazon Web Services helps WHO respond to COVID-19
DUBAI — The WHO has launched an app to support health workers around the world in caring for patients infected by COVID-19, as well as to protect themselves as they do this critical work.The app enables workers to access the WHO’s rapidly expanding bank of educational material and guidance, along with offering opportunities to participate in virtual skills workshops and other live training.Amazon Web Services (AWS) has helped the WHO bring forward the deployment of this app, 12 months ahead of schedule, in response to COVID-19.It is one of multiple ways we are supporting the WHO with advanced cloud technologies and technical expertise, to help accelerate global efforts to track the coronavirus, understand its outbreak, and better contain its spread.Making COVID-19 data availableThe WHO...
June 10, 2020

Amazon Web Services helps WHO respond to COVID-19

Hani Khashoggi, co-founder, Advanced Solutions.
Businesses need to adopt digital measures for growth amid COVID-19
RIYADH — The spread of the coronavirus (COVID-19) represents an unprecedented crisis that we have not witnessed since the end of World War II. Its presence has not only shocked mankind but has also ushered us into a new reality covering various levels and fields. As such, the economy remains to be one of the hardest hit segments by the virus — with an impact that was immediately felt worldwide.Hani Khashoggi, co-founder, Advanced Solutions, said in this situation, it is quite clear that the repercussions brought about by this pandemic will not go away that easily. “The effect of the crisis will definitely be with us for a long period and will require highly effective strategies and directives to achieve continuity and growth, while also maintaining a strong sense of communication...
June 10, 2020

Businesses need to adopt digital measures for growth amid COVID-19

Joerg Hildebrandt
Will COVID-19 jeopardize a climate in crisis — or jump-start a green recovery?
DUBAI — As governments, companies, and investors mobilize massive resources to combat COVID-19, leaders have a once-in-a-lifetime opportunity to take bold action against global climate change. By focusing on the climate agenda, even in the midst of this pandemic, leaders can direct investments toward sustainability, rebuild businesses for environmental resilience, and contribute to solving two crises at once, according to a new publication by Boston Consulting Group (BCG). The report, “Climate Should Not Be the Virus’s Next Victim,” is being released Tuesday.In the wake of the pandemic, global carbon emissions are expected to decline by 5% to 10% this year — the largest drop since World War II. But this decline in greenhouse gas emissions won’t halt climate change if the global...
June 10, 2020

Will COVID-19 jeopardize a climate in crisis — or jump-start a green recovery?

File photo of the Federal Reserve.
US stocks pause rally, treasuries and gold rise ahead of Fed decision
By Ipek OzkardeskayaGENEVA — US stock indices paused their impressive rally on Tuesday, as energy stocks led losses on speculation that Chesapeake Energy plans bankruptcy and the idea that other gas and energy companies could go down the same road as a result of severely distressed level of debt amid last months’ historical decline in oil prices. Capital flew into FAANG and technology stocks. The Dow erased 1.09%, the S&P500 retreated 0.78%, as Nasdaq gained 0.29%.US treasuries rose, the 10-year yield fell to 0.82% ahead of the Federal Reserve (Fed) decision, but the US dollar extended losses in the continuation of the longest losing streak since 2006.Gold extended gains to $1718 per oz, the USDJPY fell below 108 and the USDCHF slipped below 0.95 on the back of a swift move to safety...
June 10, 2020

US stocks pause rally, treasuries and gold rise ahead of Fed decision

Man hands using smartphone and laptop computer for online shopping at home. Hand holding mobile phone with Payment Detail page display and credit card, online shopping concepts.
GfK COVID-19 Consumer Pulse report reveals new buying patterns
RIYADH — The COVID-19 crisis escalated across KSA in March starting with the first diagnosis on the 3rd leading to closure of malls, restaurants, and prayer at mosques on the 15th and declaration of a curfew on the 23rd.GfK conducted the Consumer Pulse study for a deeper understanding of current and future consumer behaviours, lifestyles, and moods across 30 markets globally, including Saudi Arabia. Polling between 500 to 1,000 consumers from each market, bi-weekly, the findings of the GfK study cover areas such as spending habits, media and product consumption and travel and mobility trends.“Consumers around the world are facing unprecedented challenges as the COVID-19 crisis continues to disrupt their employment, travel and lifestyles. The resulting anxiety and uncertainty from these...
June 10, 2020

GfK COVID-19 Consumer Pulse report reveals new buying patterns

Almarai
Almarai tops food and beverage companies in the Middle East for 2020
RIYADH — Almarai topped the food and beverage category on Forbes list of 2020 Middle East’s top 100 companies.Overall, Almarai came No. 30 on the list that covered all economy sectors including energy, industry, banks, telecommunications, transport and logistics, services, and real estate.Forbes' list relies on the companies’ financial statements and capital markets data. The list ranks companies according to the criteria of market value, sales, net profits, in addition to the gross assets with equal proportional weights.In 2019, Almarai achieved total sales of $3.8 billion, net profit of $480 million, total assets of $8.8 billion, and market value of $12.5 billion.It is worth noting that Almarai has been ranked on Forbes list of the 2000 world's largest public companies for...
June 10, 2020

Almarai tops food and beverage companies in the Middle East for 2020

Sherma Ellis, brand manager, CPhI Middle East & Africa.
CPhI Middle East & Africa to debut in Saudi Arabia in 2021
ABU DHABI — Informa, the organizers of the leading regional pharmaceutical event CPhI Middle East & Africa, has announced that due to the COVID-19 pandemic, the 2020 edition of the show will no longer take place in Abu Dhabi in September, instead it will now debut in Riyadh, Saudi Arabia in March 2021.Sherma Ellis, Brand Manager, CPhI Middle East & Africa, said: “Maintaining the health and safety of all employees, partners, exhibitors and of course our visitors, as well as preparing and delivering an organised gathering that provides effective participation and a positive experience for all, was becoming extremely difficult under the current circumstances.“For the past two years CPhI Middle East & Africa has been successful in Abu Dhabi and we would like to thank the UAE government,...
June 10, 2020

CPhI Middle East & Africa to debut in Saudi Arabia in 2021

Noura Bint Mohammed Al Kaabi, minister of culture and knowledge development, president of Zayed University, and Abdul Aziz Al Ghurair, chairman of the Board of Trustees of AGFE, sign a MoU.
ZU, AGFE sign MoU to prepare for market of the future
DUBAI — Zayed University (ZU) and the Abdulla Al Ghurair Foundation for Education (AGFE), have virtually signed a Memorandum of Understanding to support young Emiratis and Arab youth along their education and early employment journeys.The agreement was signed by Noura Bint Mohammed Al Kaabi, minister of culture and knowledge development, president of Zayed University, and Abdul Aziz Al Ghurair, chairman of the Board of Trustees of AGFE, over video conference.The MoU builds on one of the many of objectives of the UAE government's strategy, which is aimed at creating effective partnerships between public and private institutions to implement the main goals pertaining to human welfare being the real wealth of society and uniting all efforts to achieve this goal.Through this...
June 10, 2020

ZU, AGFE sign MoU to prepare for market of the future

Dr. Waheed Al Qassim
BAB continues fruitful coordination with CBB
MANAMA — Bahrain Association of Banks (BAB), affirmed its keenness to continue coordination, cooperation and joint work with the Central Bank of Bahrain (CBB) to secure the banking system and ensure the continued provision of all its financial services to clients and companies and provide all support to the national economy at this stage.Adnan Ahmed Yousif, (BAB) chairman of the Board of Directors, expressed his deep appreciation for the results of the meeting held recently with the Central Bank of Bahrain headed by Governor Rasheed Al Maraj, and in the presence of senior officials of prominent banks operating in Bahrain. Yousif said that he appreciates the continuous support that CBB provides to banks in Bahrain to enable them to fulfill their role in these difficult...
June 10, 2020

BAB continues fruitful coordination with CBB

Nasdaq 100 surpasses 10,000 for the first time
By Peter GarnryDUBAI — Sentiment remains very strong in US equities evidenced by Tuesday's performance with US technology stocks erasing early losses to a strong ending to regular hours of trading and then hitting 10,000 in extended trading. We argue that the market could easily continue higher as long as the V-shape narrative gets stronger. But we highlight the thin liquidity in markets as a key risk for traders so tight risk management principles should be applied.Sentiment remains strong despite Tuesday’s declines in equities and investors quickly shrugged the weakness off catapulting the Nasdaq 100 Index above 10,000 after regular trading hours. This morning with equities higher and Nasdaq 100 at 10,000 it worth reflecting on the current situation and where we could go from...
June 10, 2020

Nasdaq 100 surpasses 10,000 for the first time

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