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5271 - 5280 from 16722 . In "BUSINESS"
Simon Lowden
Collaboration key to achieve more sustainable food system
RIYADH — The modern food system, no doubt, has many challenges – from climate change and resource scarcity, to packaging waste and income inequality – and therefore, partnership and collaboration is more important than ever to address the issue, states Simon Lowden, Chief Sustainability Officer, PepsiCo, recently. He was one of the speakers in the two-day Misk Forum 2019 in Riyadh.He said steering the food system towards sustainability is a big project that will take considerable efforts from multiple parties, and as a responsible industry leader, “we want to play an active part. The scale of transformation required can only be achieved when all stakeholders in the food system are working together, including industry, farmers and government.”“So, partnership and collaboration...
December 18, 2019

Collaboration key to achieve more sustainable food system

Skechers launches Fiat 500X Car Promotion
RIYADH — Skechers, in collaboration with Fiat, is running an incredible promotion. Visit any Skechers exclusive store in Saudi Arabia and stand a chance to win 1 of 3 Fiat 500X cars.Each transaction at the store entitles to one raffle coupon.Promotion period is Dec. 1-31, 2019.The draw for 3 lucky winners of the car will be on Jan. 14, 2020.Fiat 500x is 4 door cross over with signature Italian design comes with efficient 1.4 turbo engine.Fiat serves the world with authentic and affordable slice of Italian style and young fun since 1899.UMC is the distributor of Fiat in Kingdom of Saudi Arabia. — SG
December 18, 2019

Skechers launches Fiat 500X Car Promotion

Rolls-Royce Black Badge Cullinan makes KSA debut
JEDDAH— The King of The Night, Rolls-Royce Black Badge Cullinan, has arrived in KSA where Mohamed Yousuf Naghi Motors Co, the authorized dealer for Rolls-Royce Motor Cars in the Kingdom of Saudi Arabia, organized an exceptional experience to showcase the entire Black Badge family for the first time in the Kingdom in both Jeddah and Riyadh.Rolls-Royce debuted the Black Badge alter ego with Wraith and Ghost in 2016 followed by Dawn in 2017. Today, the family is completed with the introduction of Black Badge Cullinan: the darkest and most urban statement of Black Badge yet.Abdulelah Basyouni, Rolls-Royce Motor Cars Director of Mohamed Yousuf Naghi Motors Co, said: “It fills us with great pride to introduce the world’s pinnacle ultra-luxury SUV. The Cullinan SUV made luxury off-road...
December 18, 2019

Rolls-Royce Black Badge Cullinan makes KSA debut

Dr. Ahmed Ali Attiga
Investments in MENA gas sector see $70bn fall over next 5 years
DAMMAM — The Arab Petroleum Investments Corporation (Apicorp), a multilateral financial development institution, said on Wednesday that investments in the MENA gas sector sees $70 billion y-o-y decline over the next five years.In its Gas Investments Outlook 2019-2023 report, Apicorp said the decrease is driven by high global gas output, slowing regional demand and financing issues.The industrial sector accounts for roughly 30% of total gas consumption in Middle East, the report added, while liquefied natural gas continues to benefit from the very low regional gas connectivity.The report noted that two-thirds of MENA countries expect lower planned investments in their upstream gas sectors, with share of government investments in committed upstream gas projects stands at just under...
December 18, 2019

Investments in MENA gas sector see $70bn fall over next 5 years

Chinese visitors to GCC to balloon 54% by 2023
DUBAI — The number of Chinese tourists travelling to the GCC is expected to increase 54% from 1.4 million in 2018 to 2.2 million in 2023, growing at a Compound Annual Growth Rate (CAGR) of 4.8%, according to data published ahead of Arabian Travel Market (ATM) 2020.As destinations from across the globe prepare to showcase their latest offering at ATM 2020, which is being held at Dubai World Trade Centre from Sunday 19 – Wednesday 22 April 2020, Colliers International predicts China will maintain its position as a top source market across the GCC, particularly in the UAE, where Chinese visitors are currently the second and fourth highest ranked source markets for Abu Dhabi and Dubai, respectively.Adding to this, the data predicts the UAE will continue to be the preferred GCC destination...
December 18, 2019

Chinese visitors to GCC to balloon 54% by 2023

SABB aspires to become the leading digital bank in Saudi Arabia
Mastercard, SABB partner for faster, better payments
RIYADH — Mastercard and The Saudi British Bank (SABB) have announced a collaboration to offer customers a faster, simpler, and more secure way to make international payments. Through Mastercard Send for Cross-Border, a push-payments platform that allows for real-time fund transfers, SABB customers will soon be able to send money to more than 100 countries and reach around 90 percent of the world’s population.Mastercard Send for Cross-Border caters to the needs of both individuals and businesses. SABB customers will now be able to make transfers to all card and non-card destinations, including bank accounts, mobile and digital wallets and ATMs, allowing for secure, predictable and fast delivery of funds both domestically and internationally.J.K. Khalil, General Manager, Saudi Arabia &...
December 17, 2019

Mastercard, SABB partner for faster, better payments

InoChem secures SR1.7 billion loan deal with Alinma, Albilad
RIYADH — Khair Inorganic Chemical Industries Company (InoChem) has signed a SR1.7 billion Wakala and Forward Ijarah Facility loan agreement with Alinma Bank and Albilad Bank with a tenure of 13 years. The facility’s main purpose is to fund the setting up of an industrial complex in Ras Al Khair Industrial City in the Eastern Province to produce soda ash and calcium chloride, which will be the first soda ash plant in the GCC and largest calcium chloride plant in the MENA Region. InoChem has also secured a SAR 900 million loan agreement with the Saudi Industrial Development Fund (SIDF) at an earlier date.InoChem will build, own, and operate an industrial complex to produce soda ash in two grades (light and dense) and calcium chloride in two grades (77% and 94%). The total production...
December 17, 2019

InoChem secures SR1.7 billion loan deal with Alinma, Albilad

Mark Haddad
Saudi Arabia and UAE lead the way in starting smart mobility
JEDDAH — Smart mobility offerings using innovative digital technologies and solutions can create an open and connected transportation networks in the GCC that can move people and freight more efficiently and sustainably than in the past, according to a new study entitled Smart mobility in GCC cities: Fast track to the future published by Strategy& Middle East, part of the PwC network.Mark Haddad, Principal with Strategy& Middle East, said: “By making vehicles and transportation infrastructure technology-enabled and data-informed, smart mobility has the potential to transform society. Used correctly, it can reshape cities and transform society across the GCC”.In Saudi Arabia, the NEOM megacity project recently announced plans to develop the world’s most user-centric, environmentally...
December 17, 2019

Saudi Arabia and UAE lead the way in starting smart mobility

The 2020 Dubai Lynx Advertiser of the Year will be awarded to Saudi Telecom Company for distinguishing  itself through innovative marketing and embracing creative work produced by their agencies.
STC named ‘Dubai Lynx Advertiser of the Year 2020’
DUBAI — The 2020 Dubai Lynx Advertiser of the Year will be awarded to Saudi Telecom Company (STC). The Advertiser of the Year Award recognizes a brand that has distinguished themselves through innovative marketing and embracing creative work produced by their agencies.Digitization is at the heart of Saudi Arabia’s Vision 2030 initiative, and as a world-class digital leader, STC are recognized for their role in helping Saudi adapt to the realities of new technology. Their innovative services and platforms supply their customers with an evolving and more informative customer service.Already awarded a total of 19 Lynx awards since 2016, in categories from Media to Design, STC have experienced huge success at Dubai Lynx. In 2019, the company received six Lynx awards, including two...
December 17, 2019

STC named ‘Dubai Lynx Advertiser of the Year 2020’

SAB Express showcases FedEx Express solutions at Pharmaceutical Manufacturing Congress
RIYADH — SAB Express, a global service provider of FedEx Express in Saudi Arabia, participated as an exhibitor to showcase FedEx healthcare solutions at the Pharmaceutical Manufacturing Congress in Riyadh last December 3-5.The Pharmaceutical Manufacturing Congress presented a unique platform by gathering the pioneers from the local and international pharmaceutical companies, CEOs, Plant Managers, Regulatory Affairs Managers, and Engineers.Mohamed Hadboui, Provincial Sales Manager at SAB Express, shared with attendees of the congress the portfolio of FedEx Healthcare Solutions that SAB Express offers, from pharmaceutical and clinical trials to medical devices, catering to the specific shipping needs of the healthcare industry. — SG
December 17, 2019

SAB Express showcases FedEx Express solutions at Pharmaceutical Manufacturing Congress

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