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5251 - 5260 from 16522 . In "BUSINESS"
Mohamed Shael
Dubai focuses on emerging sectors to be competitive
DUBAI — Building on the success of its first Future Economy Lab workshop series, Dubai Economy will bring together public and private sector stakeholders as well as the academia in a second series of discussions centered on three major sectors that holds great promise to Dubai’s economic future – the Gaming Industry, Circular Economy and Cashless Economy.Part of the strategic focus of Dubai Economy on improving competitiveness and future-readiness across vital sectors in the emirate, the workshops aim to foster partnerships on solving challenges and seizing future opportunities brought about by global megatrends and changes.Mohammed Shael Al Saadi, CEO of the Corporate Strategic Affairs Sector in Dubai Economy, said: “Dubai Economy is pleased to organize the second series of our...
November 30, 2019

Dubai focuses on emerging sectors to be competitive

MENA pharma market to grow 10% annually
RIYADH — Latest technologies and developments in pharmaceutical manufacturing will be on display, as the leading technology providers meet at the 5th MENA Pharmaceutical Manufacturing Congress and Exhibition on December 3, 2019.The three-day event will also set the stage for the meeting of pioneers from the local and international pharmaceutical companies, CEOs, plant managers, production managers, supply chain managers, quality assurance managers, regulatory affairs managers, and engineers.The MENA pharmaceutical market, which covers approximately 22 countries and represented 2% of the global market in 2016, now appears to be making a big leap showing a 10% projected growth, significantly outstripping the current global growth rate 4-6% and surpassing traditional ‘pharma-emerging’...
November 30, 2019

MENA pharma market to grow 10% annually

Dr. Ghassan bin Abdulrahman Al-Shibl
Regulation on SMEs, listed Saudi firms' preference in public tenders approved
RIYADH — A regulation granting local content, and Saudi SMEs and publicly listed companies preference in public tenders was affirmed by the Council of Ministers. The regulation, part of the new Tenders and Procurement law, was developed jointly by the Local Content and Government Procurement Authority (LCGPA), in cooperation with the Ministry of Finance and relevant government entities. The regulation incorporates a new local content development framework with several local content policies that aim to boost local capacities and develop national industries as well as ensure national products are given priority in the price preference policy in public tenders. The endorsed regulation includes a mandatory list of national products that must be purchased from local manufacturers or...
November 30, 2019

Regulation on SMEs, listed Saudi firms' preference in public tenders approved

Six Saudi tech talents to compete in Huawei ICT Competition finals
RIYADH — Huawei International and the Ministry of Communications and Information Technology announced the recent winners of the Saudi Arabia edition of the Huawei Middle East ICT Competition 2019. The competition aims to nurture local talent in the ICT field with a vision to sharpen their ICT skills and prepare them for the future of technology in line with the visions and goals of the Ministry of Communications and Information Technology in relations to human capital.Six finalists were chosen from a field of 20 students, who competed following the preliminary round involving entries from several universities across the country. The top winners will be invited back to China to take part in the final round of the competition against the finalists from the other Middle Eastern...
November 30, 2019

Six Saudi tech talents to compete in Huawei ICT Competition finals

From left: Mohammed Hindi, MG KSA Brand Manager; Eng. Hazm Jamjoom; COO of Taajeer Group; Mohammed Al Meraisel; Taajeer Group Director of Sales
Taajeer Group launches MG HS in Saudi Arabia
RIYADH — Taajeer Group, the exclusive dealer for MG cars in Saudi Arabia, has announced the launch of the latest model at its showrooms in Saudi Arabia, the all-new MG HS. With its powerful turbo engine, dynamic styling and wide range of great features, the MG HS has been designed to put the ‘sport’ back into SUV.Offering a 231hp 2.0L Turbo engine mated to a 6-speed dual clutch gearbox, Super Sport button, bucket racing seats and red racing calipers, the all-new HS brings MG’s celebrated sporting heritage to a state-of-the-art SUV. It joins the recently launched MG 5, and MG RX8 models in the British-born automotive brand’s rapidly expanding Saudi market line-up.The arrival of the totally new MG HS SUV is yet another major step forward in MG Motor’s resurgence, as the brand...
November 30, 2019

Taajeer Group launches MG HS in Saudi Arabia

Isuzu Challenge from Saudi Arabia to Bahrain successful
JEDDAH — Isuzu Motors International renewed its successful experience with the new Isuzu “D-Max” and “mu-X” models 2020 by showcasing their fuel-efficient engines starting from Jeddah which is in the west coast of Saudi Arabia, to the Kingdom of Bahrain via Riyadh in the first challenge for Isuzu models to travel a distance between two countries of 1,430 km without the need to stop and refuel, making another achievement for the Isuzu brand in Saudi Arabia.Through a journey organized by Isuzu Motors International and its dealers in Saudi Arabia and Bahrain, the new adventure kicked off and was followed by a group of notable automotive influencers in social media led by Hasan Kutbi. The first lap was from the Jeddah Corniche to Riyadh non-stop. The journey continued to Bahrain...
November 30, 2019

Isuzu Challenge from Saudi Arabia to Bahrain successful

File photo of Mercedes-Benz logo pictured before company's annual news conference in Stuttgart.
Daimler to cut 'thousands' of jobs by 2022 to fund electric shift
FRANKFURT AM MAIN — Luxury automaker Daimler on Friday said it was scrapping "thousands" of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry.The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 billion) in staff costs as it joins rivals in investing billions in the greener, smarter cars of the future."Daimler aims to cut thousands of jobs worldwide by the end of 2022," it said in a statement after clinching a deal with labor representatives.The cull includes slashing management jobs "by 10 percent" around the world, Daimler added, amounting to some 1,100 positions."The automotive industry is in the middle of the biggest transformation in its history," Daimler...
November 29, 2019

Daimler to cut 'thousands' of jobs by 2022 to fund electric shift

Laborers sort out onions in a shop at a market in Ahmedabad, Gujarat, India, on Friday. — AFP
India quarterly growth falls to worst level in 6 years
MUMBAI — India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.The expansion in Asia's third-largest economy fell from 5.0 percent in April-June and marked the sixth consecutive quarterly contraction.The GDP growth, now well below the level needed for India to provide the millions of jobs required each year for new entrants to the labor market, poses a major headache for Modi.His government is struggling to kick-start what was once the world's fastest growing major economy as consumer demand shrinks and unemployment surges to a four-decade high.Finance Minister Nirmala Sitharaman has...
November 29, 2019

India quarterly growth falls to worst level in 6 years

SAA has been plagued by massive financial problems in recent years, despite numerous government bailouts running into millions of dollars. — AFP
Top S. African travel agent, insurance ditch troubled SAA
CAPE TOWN — Beleaguered national airline South African Airways — still smarting from a recent strike — was dealt another blow on Friday when two major travel industry players stopped issuing its tickets and withdrew insurance cover.One of the country's largest travel agency, Flight Centre Travel Group, said it will no longer sell SAA tickets while travel insurance business Travel Insurance Consultants (TIC) stopped providing supplier insolvency benefits to the airline's passengers.Flight Centre said in an announcement to its customers that its preferred travel insurance provider, TIC and its underwriter, Santam, were no longer willing to cover SAA due to "doubts concerning the long-term viability of the airline".Flight Centre added that it had been advised that a...
November 29, 2019

Top S. African travel agent, insurance ditch troubled SAA

A Huawei employee welcomes guests at Huawei's European Cyber Security Transparency Centre during its opening in Brussels in this March 5, 2019 file photo. — AFP
Huawei plans legal challenge to latest US pressure
SHANGHAI — Chinese telecoms giant Huawei is preparing a legal counterpunch against new moves by American regulators to bar the company from accessing $8.5 billion in US federal funds for services and equipment, a report said on Friday.The Federal Communications Commission (FCC) last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund.It also proposed that other service providers be required to cancel or replace existing services and equipment from the companies.Huawei plans to file a lawsuit in the United States next week, The Wall Street Journal reported, citing unidentified sources.A Huawei spokeswoman declined to comment but the company has invited AFP and other media to its headquarters in the southern city of Shenzhen next...
November 29, 2019

Huawei plans legal challenge to latest US pressure

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