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In "BUSINESS"
June 10, 2020
Amazon Web Services helps WHO respond to COVID-19
June 10, 2020
Businesses need to adopt digital measures for growth amid COVID-19
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?
June 10, 2020
US stocks pause rally, treasuries and gold rise ahead of Fed decision
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
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
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
June 10, 2020
ZU, AGFE sign MoU to prepare for market of the future
June 10, 2020
BAB continues fruitful coordination with CBB
June 10, 2020
Nasdaq 100 surpasses 10,000 for the first time