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5761 - 5770 from 16549 . In "BUSINESS"
Investcorp leads $11.2m stake in Bewakoof.com
MANAMA — Leading global alternative asset manager Investcorp, has announced that it has led a $11.2 million investment in Bewakoof Brands Private Limited. Founded in 2011 by Prabhkiran Singh and Siddharth Munot, Bewakoof.com is one of the leading direct to consumer online apparel companies in India focused on providing creative and distinctive fashion at affordable prices for trendy and contemporary Indians. IndigoEdge was the advisor to Bewakoof.com for the deal.Since inception, Bewakoof.com has created fashion which resonates with millennials across India and has been widely recognized for its unique designs. In a short period of time, it has created a robust brand offering by building strong capabilities in design, supply chain and a high engagement digital customer platform. This has...
October 14, 2019

Investcorp leads $11.2m stake in Bewakoof.com

tech impact
Technology strongly impacts human values
DUBAI – While few would refute that technology contributes to making our lives easier, a new global research from Lenovo has found that a large proportion of those surveyed feel that technology has the power to make us more understanding, tolerant, charitable and open-minded.The survey polled more than 15,000 people from the US, Mexico, Brazil, China, India, Japan, UK, Germany, France and Italy and revealed that nine out of ten respondents (89 percent) think that technology plays a large role in their day-to-day lives. Meanwhile, 84 percent said that technology improves their lives.Although we might presume the main ways in which technology impacts our lives is by helping us achieve our daily tasks – such as emails, streaming and so on – Lenovo’s research has found that in many...
October 14, 2019

Technology strongly impacts human values

SAA in talks with potential partners
LONDON — South Africa's embattled state-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday.The economy of the African continent's most industrialized nation has come under ever growing pressure as the government grapples with lackluster growth, high unemployment and a heavy debt burden, especially from state-owned enterprises such as South African Airways (SAA) and power firm Eskom."South African Airways is one of those state-owned enterprises that has relied on lots of state bailouts," Ramaphosa told the FT Africa conference in London."We are on record as saying we are open to the participation of the private sector. As we speak now, we're talking to a few interested parties...
October 14, 2019

SAA in talks with potential partners

A protester (C) lifts a sandbag as others construct a barricade in the street in the Mongkok area of Kowloon in Hong Kong on Sunday. Hong Kong riot police on October 13 skirmished with small groups of masked pro-democracy protesters who held flashmob gatherings in multiple locations – although crowds were smaller and less violent than recent weekends. — AFP
Property investors turn to SE Asia amid Hong Kong unrest
KUALA LUMPUR — From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast Asian property, demoralized by increasingly violent protests as well as the China-US trade war.Millions have taken to the streets during four months of pro-democracy demonstrations in the southern Chinese city, hammering tourism while also forcing businesses to lay off staff – and the property sector is feeling the pain.Property stocks in one of the world's most expensive housing markets have plummeted since June, with developers being forced to offer discounts on new projects and cutting office rents.Hong Kong businessman Peter Ng bought a condominium on the Malaysian island of Penang – which has a substantial ethnic Chinese population and is popular...
October 13, 2019

Property investors turn to SE Asia amid Hong Kong unrest

Abu Dhabi International Boat Show 2019 ready
ABU DHABI — Abu Dhabi National Exhibitions Company (ADNEC) has completed its preparations for the second edition of Abu Dhabi International Boat Show (ADIBS) 2019, which will run from October 16 to 19 under the patronage of Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and Chairman of Abu Dhabi Sports Council.The event’s organising committee made the announcement today at a press conference at Abu Dhabi National Exhibition Centre in Abu Dhabi. The briefing was attended by Khalifa Al Qubaisi, Chief Commercial Officer of ADNEC Group, Saeed Al Mansouri, Executive Director of IDEX, Ahmed Mubarak Al Qemzi, Section Head - Procedures, Maritime Policy Division at The Department of Transport, Abu Dhabi,...
October 13, 2019

Abu Dhabi International Boat Show 2019 ready

Trade optimism boosts oil, copper; gold bulls rethink
By Ole S. Hansen*GLOBAL markets, including commodities, spent the week closely monitoring the eb and flow of news from the US – China trade negotiations in Washington. Reports that the two sides were discussing a light version of a deal sparked a rally in growth dependent commodities such as oil and copper, while gold suffered a setback. Not least due to renewed stock market strength, rising bond yields and a weaker yen.Brent crude oil returned to $60/b after receiving a fresh geo-political boost. The impact of this ongoing uncertainty highlighted the upside price risks at a time when the market is focused on the negative price impact of slowing demand growth.High grade copper touched a three-week high as speculative short sellers were forced to cut back positions while awaiting news...
October 13, 2019

Trade optimism boosts oil, copper; gold bulls rethink

disrupting
10 key technologies disrupting the GCC market
DUBAI — From artificial intelligence to autonomous vehicles, transformative science and technology has driven impactful change across the GCC countries in recent years.With regional governments now set to reduce oil dependency through policy and regulation change, the Industrial Revolution 4.0 and the phenomenon of the Internet of Things (IoT) is now rife among all sectors in the region. Organizations are on board to make structural changes through the usage of advanced and innovative technology.But while many of the innovations that promise to shape the region in the coming years are still new, and sometimes experimental, others are widely known, even if not yet in common use.MEED, the region’s leading business intelligence provider looks at 10 technologies set to transform the Middle...
October 13, 2019

10 key technologies disrupting the GCC market

Saudi Build Exhibition 2019 ends on a high note
RIYADH — Riyadh Exhibitions Co. Ltd. had recently concluded the 31st edition of “Saudi Build Exhibition 2019” at Riyadh International Convention and Exhibition Center. The exhibition was attended by more than 23,000 visitors, with the participation of 520 major international and local brands from 34 countries.Concurrently held with Saudi Stone Tech, Saudi Build PMV Series, Interior Design and Saudi Build Technology & Automation Building, Saudi Build 2019 was held last Oct. 7-10 under the patronage of Prince Faisal bin Bandar bin Abdulaziz Al Saud, Governor of Riyadh Region.Mohammad Al Al-Sheikh, Head of Marketing at Riyadh Exhibitions Company (REC), said that Saudi Build 2019 successfully managed to explore the future and phenomenal opportunities which the nation’s largest sector...
October 13, 2019

Saudi Build Exhibition 2019 ends on a high note

Six top digital tax priorities for businesses in the region
DUBAI — The sheer speed, scope and impact of technological change is challenging businesses and society at large in fundamental ways, a new PwC ME report said Sunday.The report - “Six priorities for your tax agenda: Tax function of the future 2019/20” - has been launched at a series of digital breakfast seminars across the UAE, where the firm’s digital tax experts showcased cutting edge and emerging technologies such as Robotic Process Automation, data analytics and visualization tools, as well as data management and compliance-enabling technologies. These tools and solutions are available to businesses right now, whatever their size, to enable them to improve, streamline and ultimately strengthen their tax management.Six priorities:1. Adapting to tax policy changes – be ready...
October 13, 2019

Six top digital tax priorities for businesses in the region

Nando's Mall of Arabia
Second Nando’s outlet in Jeddah opens
JEDDAH — Saudi Arabia’s second largest city has welcomed its second Nando’s outlet this week as a brand-new Casa opens its doors at Mall of Arabia, Jeddah.Following the successful launch of the first Nando’s in Jeddah in December 2018, demand for Nando’s legendary Afro-Portuguese flame-grilled PERi-PERi chicken has been overwhelming.A huge hit with young customers and families in KSA, Nando’s has had a major impact on the country’s F&B sector and the rapidly expanding international dining scene.Nando’s new Casa is the ideal addition to Jeddah’s restaurant options. It will offer eat-in dining for up to 80 guests with home delivery services from the Mall of Arabia branch launching in November.The Mall of Arabia Casa is the 6th Nando’s restaurant in the country with 4...
October 13, 2019

Second Nando’s outlet in Jeddah opens

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