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5221 - 5230 from 16719 . In "BUSINESS"
Uncertainty drives Middle Eastern investors to secondary commercial locations
JEDDAH — Savills, the leading real estate advisor, reveals that Amsterdam is set to lead the way among alternative office investment destinations in 2020, as Middle East investors look for value in an uncertain European real estate market. Political uncertainty creating volatility in the UK and expensive prices in France and Germany are encouraging investors to look elsewhere, to second tier countries such as the Netherlands.As part of its latest European Office Outlook report, prime office rents are forecast to grow by 6% in Amsterdam in 2020, the highest level of growth alongside Stockholm and Luxembourg. That compares to an average of 2% growth across other surveyed European cities.According to Savills figures, last year the Dutch real estate market received more than £563m from...
December 23, 2019

Uncertainty drives Middle Eastern investors to secondary commercial locations

Big Fun Challenge
MENA creative community scores big in 2019
RIYADH — Rounding off a big year for TikTok’s creative community, the world’s leading short-form video platform has revealed the nation’s most memorable moments of 2019. Growing quickly and steadily in the Middle East and worldwide, TikTok has attracted an immense and active base of creators producing creative videos, across music, fashion, sports, education and more.Challenges, a TikTok feature that inspires users to respond creatively and share content, were a big hit in the MENA region in 2019, generating a whopping 4.7 billion views across the region. Driving a feeling of community on the platform, TikTok challenges are entertaining but can also drive awareness around positive social initiatives, helping users find common ground while expressing their differences.A look back at...
December 23, 2019

MENA creative community scores big in 2019

GSK Saudi one of top 3 Best Places to Work in KSA for 2019
RIYADH — GSK Saudi, part of the global pharmaceutical group, was recently certified as one of the best places to work in Saudi for 2019. Best Places to Work program is an international program providing employers in different countries the opportunity to learn more about the engagement and satisfaction of their employees and honor those who deliver an outstanding work experience with the highest standards of excellence in regards to working conditions.GSK Saudi received outstanding scores across several aspects of their workplace such as benefits, workplace, leadership and growth opportunities where initiatives and processes are geared towards giving the employees tools to excel, have their voice heard and keep a high level of engagement."As GSK Saudi Arabia, we are proud to be...
December 23, 2019

GSK Saudi one of top 3 Best Places to Work in KSA for 2019

Sadara honors winners of 2nd annual Environmental Competition
JUBAIL — Sadara Chemical Company held a ceremony honoring the winners of the 2019 Innovative Environmental Solutions Competition.The winners were recognized at a ceremony held recently at Sadara’s headquarters in Jubail Industrial City. Presiding at the event on behalf of Sadara’s Chief Executive Officer was the Vice President of Business and Services, Dr. Abdullah A. Alahmari.Seventy-one contestants participated this year, compared with 52 competitors the previous year.First place this year went to Shurouq Fallatah for her invention “The Laboratory Capsule,” which demonstrates how to generate electric energy from chemical reactions, thereby reducing emissions of burning fossil fuels.Muhammad Al-Sharif’s “Carbon Ash Project” won second place with an invention that recycles...
December 23, 2019

Sadara honors winners of 2nd annual Environmental Competition

Eng. Showimy bin Ajayan Al Ktab, CEO of Tania Bottled Drinking Water Company, receives the Lean Transformation Winner Award
Four Principles celebrates 2nd Kaizen Awards
RIYADH — Four Principles, a leading Lean Management consultancy and part of Abdul Latif Jameel, on Monday announced the winners of the region’s second Kaizen Awards.Following the success of last year’s inaugural Kaizen Awards – which saw the top prize go to Sulaiman Al-Habib Medical Group – the four organizations recognized at this year’s ceremony held at Riyadh’s Faisaliah Hotel include:• Lean Transformation Award: Tania Bottled Drinking Water Company• Lean Transformation Runner-up: IKEA Saudi Arabia & Bahrain• Continuous Improvement Award: National Water Company• Continuous Improvement Runner-up:Four Principles established the awards last year to publicly recognize industry pioneers who have seen tangible commercial benefits in adopting the kaizen...
December 23, 2019

Four Principles celebrates 2nd Kaizen Awards

Lamborghini ‘Huracán EVO’ 2020 unveiled
JEDDAH — Samaco Automotive Company, the exclusive dealer for Lamborghini cars in Saudi Arabia, announced the launch of Lamborghini “Huracán EVO” 2020, in conjunction with the official opening of Lamborghini Jeddah Center within the Lamborghini brand's global identity.The new center, which was designed according to the global identity of Lamborghini brand, is located on Medina Road in Jeddah, and built on an area of 1,800 square meters and consists of a large showroom to accommodate a the display of all models of Lamborghini cars available, as well as a rest area for the customers to enable them get a close look at the cars and also to be able to design their cars according to their desires, choose the car that suits them, in addition to a display area to sell the original...
December 22, 2019

Lamborghini ‘Huracán EVO’ 2020 unveiled

Hanami Lounge by Lexus opened at Lexus Center Riyadh
RIYADH — As part of its participation in Riyadh Season, Abdul Latif Jameel Motors - Lexus has opened "Hanami Lounge by Lexus" at Lexus Center Riyadh, where the name was inspired by the Japanese cultural activity of viewing and enjoying cherry blossom flowers during full bloom at the spring season.The opening ceremony in Riyadh was attended by “foodies” and cuisine enthusiasts, prominent media faces, social media celebrities and Lexus loyalists. The opening event featured a Japanese band displaying an artistic performance inspired by the Japanese heritage called "Kabuki", which is part of the Japanese folklore theater.On this occasion, the Head of Lexus Marketing Operations, Yousef Hussein, expressed pleasure with Lexus's participation in the Riyadh Season,...
December 22, 2019

Hanami Lounge by Lexus opened at Lexus Center Riyadh

World Travel Awards 2019 Grand Final Gala ceremony at the Royal Opera House Muscat
Oman Air wins 4 prestigious industry awards
MUSCAT — Oman Air, the national carrier of the Sultanate of Oman, earned 4 World Travel Awards at the organization’s 2019 Grand Final Gala ceremony held recently at the Royal Opera House Muscat.The airline was honored for: World’s Leading Airline to the Middle East, World’s Leading Airline – First Class, World’s Leading Airline – Business Class Lounge and World’s Leading Airline – Rewards Program.Abdulaziz Al Raisi, Oman Air CEO, said: “Earning these awards reflects everyone’s hard work and dedication across the airline to ensure Oman Air sets world-class standards in everything we do. Winning awards both for our service in the air and on the ground takes everyone’s commitment to providing legendary Omani hospitality”.These awards conclude a remarkably successful...
December 22, 2019

Oman Air wins 4 prestigious industry awards

Ato Ahmed Shide, Ethiopia’s Minister of Finance(left), and Paddy Padmanathan (right), President and Chief Executive Officer of ACWA Power, during the signing ceremony
ACWA Power to drive solar energy development in Ethiopia
ADDIS ABABA — ACWA Power, a leading international developer and operator of power generation and water desalination projects, signed two long-term power purchase agreements (PPA) with Ethiopia’s state-owned electricity producer Ethiopian Electric Power (EEP) for two 125 MWac solar photovoltaic (PV) projects at USD 2.526 cents/kWh over 20 years. Implementation Agreements were also signed with the Government of Ethiopia, represented by the Ministry of Finance. The signing ceremony was attended by Abiy Ahmed Ali, Prime Minister of Ethiopia, Sami bin Jameel Abdullah, Saudi Ambassador to Ethiopia, Ato Ahmed Shide, Ethiopia’s Minister of Finance, Dr. Abraham Belay, Chief Executive Officer of EEP, Tilahun Haile, Director of Ethiopia’s Public-Private Partnerships Directorate General...
December 22, 2019

ACWA Power to drive solar energy development in Ethiopia

Nashwa Al Ruwaini
Nashwa Al Ruwaini named 'Business Woman of the Year 2019' in Saudi Arabia
ABU DHABI — Nashwa Al Ruwaini, CEO and Board Member of Pyramedia Group, was selected by Arabian Business Magazine as the Business Woman of the Year for 2019 during the annual celebration that was held on Thursday the in Ritz Carlton Hotel in Riyadh. The award ceremony was in the presence of a select group of Saudi businessmen, VIP personalities and company representatives. Receiving the award on behalf of Al Ruwaini was the Journalist Seegha Al-Shamri.Al Ruwaini received the award for her achievement and success as an entrepreneur who has played a significant role in the advancement and empowerment of women which have been highlighted in different projects done by Pyramedia Group and its multiple subsidaries which include: Al Joude Advertising Agency, Al Joude Investment, Delma Medical...
December 22, 2019

Nashwa Al Ruwaini named 'Business Woman of the Year 2019' in Saudi Arabia

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