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3591 - 3600 from 16551 . In "BUSINESS"
Saudi consumers demand in-store hygiene and better online shopping experience
RIYADH — Data firm BrandsEye has analyzed customer experience on Twitter for three Saudi Arabian grocery retailers, Danube, Othaim Markets, and Panda, during Ramadan. BrandsEye analyzed public consumer tweets from 24 April-May 22 2020.Othaim had the largest share of voice and Danube had the highest proportion of COVID-19 conversation. Panda had the highest response rate and the fastest response time for public responses on Twitter.The retail industry in Saudi produced a -15.5% Net Sentiment average during Ramadan. Panda had a Net Sentiment of -24.9%, the lowest of all brands. This was mostly linked to customer complaints around service.Danube had the second-highest Net Sentiment score of -12.1%. Danube also received the most positive referrals by customers. Othaim had the highest Net...
June 09, 2020

Saudi consumers demand in-store hygiene and better online shopping experience

IATA's Alexandre-de-Juniac
Industry losses to top $84 billion in 2020: IATA chief
GENEVA — The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion.“Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this year will add $230 million to industry losses. In total that’s a loss of $84.3 billion. It means that — based on an estimate of 2.2 billion passengers this year — airlines will lose $37.54 per passenger. That’s why government financial relief was and remains crucial as airlines burn through...
June 09, 2020

Industry losses to top $84 billion in 2020: IATA chief

12122
Kaspersky, SAFCSP link-up on cybersecurity training
RIYADH — Kaspersky, the global cybersecurity solutions provider, has collaborated with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP) to conduct a three-day entry-level course on cyber security as part of Cyberhub courses program for universities students across the Kingdom of Saudi Arabia.This combined effort was an educational initiative aimed at increasing students’ knowledge of information security, its main concepts and mechanisms, and tools for protection against cyber threats. More than 1,500 students with no prior training on cybersecurity participated in the program, which took place from June 2-4.Amir Kanaan, managing director for the Middle East, Turkey and Africa at Kaspersky, said, “This initiative is another step towards improving cybersecurity...
June 09, 2020

Kaspersky, SAFCSP link-up on cybersecurity training

GS
Time for correction?
By Ipek OzkardeskayaGENEVA — US equities extended rally Monday. The S&P500 (+1.20%) rose to a fifteen-week high, reversing most of post-COVID sell-off. Despite real damage to businesses and economy, the US stocks are set to continue their pre-COVID race to fresh historical highs. The latter raises many eyebrows of course, regarding the divergence between asset prices and underlying economic dynamics. But that is the ultimate result of an unprecedented monetary and fiscal intervention, which create and maintain the illusion that all is fine.Speaking of monetary policy, the Federal Reserve starts its two-day monetary policy meeting today and is expected to maintain its policy unchanged. The Fed already deploys all available tools to maximum capacity to help markets recovering. And it...
June 09, 2020

Time for correction?

The Arab Brazilian Chamber of Commerce President Rubens Hannun
Webinar to delve into halal market opportunities
DUBAI — The Arab Brazilian Chamber of Commerce (ABCC) is organizing a webinar on Wednesday (June 10) to discuss the expanding market for halal products and services worldwide as part of the chamber’s series of online forums organized to help its members prepare for and thrive in the ‘new normal’ brought about by the novel coronavirus (COVID-19) pandemic. One of the expected highlights of the online event is the signing of a strategic Memorandum of Understanding (MoU) between the Arab Brazilian Chamber of Commerce President Rubens Hannun and Dubai Airport Free Zone Authority (DAFZA) Assistant Director-General for the Halal Trade and Marketing Centre (HTMC) Amna Lootah.Titled “Global Halal Market: trends, regulation and opportunities,” the webinar to feature several Arab and...
June 09, 2020

Webinar to delve into halal market opportunities

Variety of homemade traditional and beetroot spread hummus with pine nuts, olive oil, pomegranate served on ceramic plates with pita bread and green salad on white marble background.
JLL reveals trends of F&B industry in Saudi Arabia
DUBAI — The Food and Beverage (F&B) industry in Saudi Arabia is the largest in the Middle East and is valued at $45 billion. According to a recent report by JLL, there are four major F&B trends to watch out for in the Kingdom of Saudi Arabia during 2020, which will continue to shape the growth of the industry.The Saudi Arabian General Authority for Investment (SAGIA) forecasts that spending on foodservice will grow by 6% per annum over the next five years. The Saudi F&B industry accounted for 10% of gross domestic product (GDP) in 2018 according to the report, which also highlights the importance of the industry to the overall economy.“As the population in The Kingdom reached about 34 million by the end of 2019, Saudi Arabia now holds the largest domestic F&B market in the GCC. With...
June 09, 2020

JLL reveals trends of F&B industry in Saudi Arabia

Dr. Ahmed Ali Attiga.
APICORP offers $40m as finance for first ISTP in KSA
DAMMAM — The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced Tuesday that it has provided $40 million in financing to the Kingdom of Saudi Arabia’s first Independent Sewage Treatment Plant (ISTP) sponsored by the private sector —out of a total project finance facility worth $160 million.Financing for the facility was provided in collaboration with The National Commercial Bank (NCB) and Sumitomo Mitsui Banking Corporation Europe Limited (SMBC). The total cost of the project stands at approximately $245 million, and is in line with the Saudi Vision 2030 reform plan goal for the optimal use of water resources and to encourage private sector participation in economic development initiativesLocated in Dammam, the Dammam ISTP...
June 09, 2020

APICORP offers $40m as finance for first ISTP in KSA

Saudi Arabian Airlines (Saudia) announced a momentous partnership with Dettol Arabia to help its guests as well as cabin crew access industry leading hygienic products throughout flights.
Saudia, Dettol join forces to elevate sanitization and access to hygiene products on flights
RIYADH – Saudi Arabian Airlines (Saudia), the national carrier, has Tuesday announced a momentous partnership with Dettol Arabia, to help its guests as well as cabin crew access industry leading hygienic products throughout flights.Kicking the partnership off, Dettol will provide a steady supply of hygiene products such as wipes to all on-board. These products are facing growing demand from consumers taking hygiene precautions to prevent the spread of the COVID-19.Saudia operates domestic and international flights to more than 95 destinations in the Middle East, Africa, Asia, Europe and North America and the wellbeing of its customers and cabin crew remains a top priority.The partnership will initially kick off with ensuring all customers onboard have access to Dettol disinfectant wipes...
June 09, 2020

Saudia, Dettol join forces to elevate sanitization and access to hygiene products on flights

Self-Disinfecting
Boeing’s CTI aims to protect health and safety of passengers
DUBAI — Across the Middle East and elsewhere in the world, things are getting back to ‘business as usual’ as restrictions imposed during COVID-19 are being slowly eased. Airlines are gradually resuming operations and while people are looking forward to being able to fly again, there is hesitancy and concern around the health risks of air travel.Boeing aims to address these concerns through its Confident Travel Initiative (CTI) where the company will work with stakeholders across the aviation industry’s eco-system to establish industry-recognized cleaning and disinfecting recommendations.“Boeing is committed to the health of airline passengers and crew,” said Jim Haas, director – product marketing, Boeing Commercial Airplanes. “We’re working with partners to enhance...
June 09, 2020

Boeing’s CTI aims to protect health and safety of passengers

Hyundai Motor Company has launched the new Azera with a facelift.
Hyundai launches Azera with facelift in Saudi Arabia
RIYADH — Hyundai Motor Company has launched the new Azera with a facelift as its latest vehicle that will hit the roads in the Kingdom of Saudi Arabia. To stand out from the competitive sedan segment in the region, Hyundai’s top flagship sedan has arrived with upgraded styling and features.The Azera has undergone a facelift with its transformation redefining luxury, innovative design and boasts advanced technology features and will be available in showrooms in Saudi Arabia. The new facelift will also be launched across other GCC countries in a phased manner in the coming months.With a rich history to date, the Azera represents another step forward for the next edition of Hyundai’s flagship sedan. The ‘Sensuous Sportiness’, Hyundai’s latest successful design philosophy, takes...
June 09, 2020

Hyundai launches Azera with facelift in Saudi Arabia

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