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5861 - 5870 from 16547 . In "BUSINESS"
Developing country debt jumps to $7.8tn in 2018
WASHINGTON — Total foreign debt held by developing nations jumped more than five percent to $7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.But the data show an increasing share of countries where the debt burden is rising, according to the International Debt Statistics Report.A growing appetite for yuan-denominated debt was behind a 15 percent surge in China's debt level, which helped push up the total, the World Bank said in a statement.Loans from multilateral lenders surged 86 percent but that was almost entirely due to the International Monetary Fund's record aid to crisis-battered Argentina.Excluding the top 10 borrowers, foreign debt rose by just four percent, the World Bank said.Borrowers in sub-Saharan Africa saw debt levels...
October 02, 2019

Developing country debt jumps to $7.8tn in 2018

farming
Revolutionizing urban farming
DUBAI — In a report for CNN’s Dubai Tech, the series examines how the city is at the forefront of urban farming through a startup utilizing software which enables communities to grow fresh produce on their doorstep.CNN speaks up to Stuart Oda, the CEO and founder of Alesca Life, who outlines how the company operates: “Alesca Life is an agricultural technology company and we build indoor farms. The indoor farms are hydroponic, so we grow in the absence of soil and then they're also indoor, which means that we grow in the absence of sunlight.”Alesca Life transform old shipping containers into localized farms, which cuts the economic and environmental costs associated with importing food. The containers are also fitted with various sensors to monitor and track the growth of the...
October 02, 2019

Revolutionizing urban farming

Helal Saeed Almarri
Accenture once again GITEX Technology Week’s Digital Transformation Partner
DUBAI — Accenture has extended its agreement with Dubai World Trade Centre (DWTC) to serve as the Exclusive Digital Transformation Partner of GITEX Technology Week, the biggest tech show in the MENA region and South Asia, marking the fifth consecutive year that Accenture will hold the role.At the event, which runs Oct. 6–10 at DWTC, Accenture will announce the results of its latest Accenture Middle East Innovation Maturity Index report. Mike Sutcliff, group chief executive of Accenture Digital, will headline a high-level session on the first day highlighting the latest regional and global case studies related to transformative technologies presented in the report.In line with the theme of GITEX Technology Week, ‘Synergising the Mind and Technology Economy’, Accenture will also host...
October 02, 2019

Accenture once again GITEX Technology Week’s Digital Transformation Partner

DSC_1214_resized
EgyptAir, Rixos Seagate host fam trip for Saudi travel agents
SHARM AL-SHEIKH — EgyptAir, a member of Star Alliance in collaboration with Rixos Seagate, the international luxury lifestyle resort hosted top level managers from Saudi travel agencies to a familiarization visit to the beautiful ultra all-inclusive resort by the splendid shores of the Red Sea. Located within proximity to both the international airport and the center of Sharm El Sheikh.The objective of the fam trip was for these agents to gain a comprehensive overview and understanding of the destination, and to connect with local industry suppliers so that they could create customized travel itineraries for their clients visiting from China.The delegation was greeted by Mohammed Abdulnabi, Egyptair General Manager for Saudi Arabia, Ahmed Wajdi, Egyptair regional manager in Jeddah and...
October 02, 2019

EgyptAir, Rixos Seagate host fam trip for Saudi travel agents

 Yasser Al Dabbasi
SAIP uncovers IPR violations during inspection campaign
RIYADH — Saudi Authority for Intellectual Property (SAIP) carried out an extensive inspection campaign to uncover stores, which violate intellectual property rights (IPR), specifically the copyright protection system, last Sunday.SAIP has warned against the promotion or sale of any products or any activities that violate intellectual property rights, and reiterated that it will be strictly imposing relevant penalties to ensure IPR protection, especially concerning digital and paper literary, art products, and trademarks. The inspection follows several awareness campaigns, conducted by SAIP in partnership with competent entities to raise awareness of intellectual property protection and penalties as per relevant laws and regulations.Complementing SAIP’s ongoing efforts to protect...
October 02, 2019

SAIP uncovers IPR violations during inspection campaign

Mr. Adel Mardini (4)
Jetex to participate in largest civil aviation trade show in US
DUBAI – This October Jetex will be venturing to Las Vegas to join a record number of aviation industry professionals at the NBAA (National Business Aviation Association) Business Aviation Conference 2019.Already worldwide market leaders in the private aviation sector, Jetex will be making its presence known at the forward-thinking convention by taking the opportunity to make some industry-shaping announcements linked to its global expansion strategy. Alongside its announcement, Jetex will also be discussing its exclusive offering that expands beyond the runway to include global trip planning and fuel support.The last year has been filled with great news for the Jetex team. As part of its global expansion plans, a third location opened in Japan in Kansai, whilst it celebrated an...
October 02, 2019

Jetex to participate in largest civil aviation trade show in US

59% of founders exit startup to create $!00m firm in value in 5 years
JEDDAH — The rapidly growing and robust MENA ecosystem enables is conducive to proliferation of startups, leading to establishment of big companies in a short period, an authoritative survey revealed Wednesday.With tech-enabled companies in the region maturing rapidly and attracting global and regional attention from would-be acquirers, the survey highlights that “57% of founders expected to exit their startup in 5 years, with 59% of them ‘certain’ they will be creating a company of $100 million in exit value,” MAGNiTT, MENA’s leading startup data platform, in partnership with 500 Startups, one of the most active venture capital firms across the MENA region, disclosed in their first joint report “State of MENA Startups 2019”.The report noted that 500 startups to-date have...
October 02, 2019

59% of founders exit startup to create $!00m firm in value in 5 years

Seera Group DMC partner for ‘Winter at Tantora’
ALULA — The Royal Commission for AlUla announced Wednesday that Seera Group, the region’s leading provider of travel and tourism services, has been appointed as the key Destination Management Company (DMC) for the second season of Winter at Tantora, a timeless festival in a timeless place named AlUla, a cultural and historical destination that is home Saudia Arabia’s first UNESCO World Heritage Site.Seera Group was chosen for its integrated breadth of offering covering not only travel and flight bookings but also airport handling, accommodation, ground transportation in AlUla, guest management, ticketing, VIP services and other value-added offerings, which will ensure that visitors from anywhere in the world can experience the unique ‘Winter at Tantora’ festival with ease and...
October 02, 2019

Seera Group DMC partner for ‘Winter at Tantora’

LuLu Hypermarket partners with SFDA’s annual convention
JEDDAH — CEO of SFDA Dr. Hisham Al Jadhey hands over award to Shehim Muhammed, LuLu Hypermarket director, for partnering with SFDA Annual Convention and Exhibition 2019. — SG
October 02, 2019

LuLu Hypermarket partners with SFDA’s annual convention

Mohammad Saleh
Disruptive technologies primary to success of Saudi economic plans
RIYADH — Accelerated adoption of digital technologies will be vital to achieving Saudi’s ambitious Vision 2030, Autodesk Converge, a high-level, first-of-its-kind strategic conference in Riyadh concluded.Inaugural Autodesk Converge welcomed hundreds of innovators and leaders in architecture, engineering and construction fields in Riyadh, Saudi Arabia. Event, conceptualized for professionals involved in shaping country’s economic and industrial strategies at the highest levels, discussed some of the most pressing hurdles to accomplishing the Kingdom’s bold plans.“Saudi Arabia is on the brink of the exponential growth driven by ambitions Vision 2030. In the next decade, the Kingdom will transform into the heart of the Arab and Islamic worlds, the investment powerhouse and the hub...
October 02, 2019

Disruptive technologies primary to success of Saudi economic plans

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