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5871 - 5880 from 16547 . In "BUSINESS"
Alkhabeer Waqf Fund I units offering begins
JEDDAH – Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announced Wednesday that the offering of Alkhabeer Waqf Fund I units began on October 1 2019 and will continue until December 2, 2019.Alkhabeer Waqf Fund I is an open-ended publicly listed Waqf investment fund approved by the Capital Market Authority and the General Authority for Awqaf. It intends to distribute a dividend income of at least 75% to fund the programs of the Majid bin Abdul Aziz Society for Development and Social Services.The fund will provide a sustainable source of income to financially support many of Majid Society’s programs and initiatives, in collaboration and partnership with various stakeholders. It aims to empower individuals and households with particular...
October 02, 2019

Alkhabeer Waqf Fund I units offering begins

SABB first bank in MENAT region offering SWIFT gpi for Corporates
RIYADH — The Saudi British Bank (SABB), one of Saudi Arabia’s leading financial institutions, and SWIFT, global member owned cooperative and the world’s leading provider of secure financial messaging services, announced Wednesday that SABB is the first bank in the Middle East, North Africa and Turkey (MENAT) region to go live with SWIFT gpi for Corporates service (g4c). As part of the early adopters for g4c program, SABB and one of the leading global corporates are now the first in the region to go live on the service.The news comes on the heels of the official launch of SWIFT gpi for Corporates on July 19. The service enables multi-banked corporates to initiate and track payments across banks directly from their treasury/payment systems. In developing SWIFT gpi for Corporates, SWIFT...
October 02, 2019

SABB first bank in MENAT region offering SWIFT gpi for Corporates

Ashok Sethi, director Trade Promotion Council of India (TPCI), 2nd right, presents a memento on behalf of TPCI to Indian Consul General Md. Noor Rahman Sheikh, center, for his support and contribution in promoting TPCI in Saudi Arabia. — Courtesy photo
Indian trade body invites Saudi businessmen for 3rd Indusfood
JEDDAH — The Trade Promotion Council of India (TPCI), in association with Indian Ministry of Commerce and Industry, is organizing the 3rd Edition of “Indusfood”, a global food & beverage show of India on Jan. 8-9 at Indian Exposition Mart, Greater Noida, New Delhi.To promote the event, Ashok Sethi, director, Trade Promotion Council of India (TPCI) met Consul General Md. Noor Rahman Sheikh and discussed the various means of promoting Indian products in the Kingdom of Saudi Arabia.The Consul General assured him all possible cooperation and support in mobilizing a business delegation from Jeddah to the upcoming Indusfood exhibition and also Saudi business people for BSM at Jeddah.Sethi had also met Jeddah Chamber of Commerce officials and other top food company officials and invited top...
October 02, 2019

Indian trade body invites Saudi businessmen for 3rd Indusfood

Global stocks turn lower on US manufacturing data
LONDON — Stock markets on both sides of the Atlantic took a steep downward turn on Tuesday after a US survey pointed to the worst level of manufacturing contracts in a decade.Combined with a weak inflation reading from the eurozone, and confirmation that British GDP fell 0.2 percent in the second quarter, the figures rekindled fears for worldwide growth.Global trade fears were behind the surprise drop in the ISM manufacturing index, the US survey said, worries that immediately fed into existing anguish about the impact of an ongoing US-China trade war."A more than 10-year low in ISM's Manufacturing Index joined soft reads from the sector out of the eurozone and UK to amplify global growth concerns," said analysts at Charles Schwab.Eurozone stocks, which had spent most of...
October 01, 2019

Global stocks turn lower on US manufacturing data

Britain's Prime Minister Boris Johnson prepares his keynote speech for the annual Conservative Party conference in Manchester, northwest England, on October 1, 2019. — AFP
Britain faces limited Brexit options
LONDON — Britain is hurtling toward its October 31 departure from the European Union without a plan for unwinding 46 years of intricate trade ties.Prime Minister Boris Johnson said on Tuesday that he will send Brussels his set of solutions "shortly".But EU leaders have not liked what they have seen from Johnson so far and many questions remain unanswered as the clock ticks down.Britain will leave unless it asks for another delay and the other 27 member states unanimously agree.Johnson has vowed repeatedly not to seek what would be the third extension of a process that began when British voters narrowly backed Brexit in 2016.Yet parliament has passed legislation ordering Johnson to request one should no new deal emerge at an October 17-18 EU leaders' summit in...
October 01, 2019

Britain faces limited Brexit options

Women in Leadership Economic Forum aims to build a better future
DUBAI — Women in Leadership Economic Forum (WIL) by Naseba, the largest female economic empowerment platform in the Middle East, will take place in Dubai on October 28 and 29 at the soon to be opened Address Sky View Hotel Dubai. Supported by corporate partners such as Siemens, Allergan, FedEx, Philip Morris, PWC, Emaar and General Motors and co-hosted by Emaar Hospitality, this year’s forum will gather senior executives, men and women who want to shape the economies and societies of tomorrow to ‘Dare to Build a Better Future’, to lead in times of constant change with vision and courage, to learn from those organizations that are closing the gender gap and to build a community of game changers.According to industry reports, gender empowerment means higher growth, a reduction in...
October 01, 2019

Women in Leadership Economic Forum aims to build a better future

Saudi food, retail sectors to yield good results in Q3
JEDDAH — The Saudi Food and Retail sectors are expected to yield good results in the third quarter of this year, Al Rajhi Capital Research said on its comments on Saudi Arabian equities, due to improving consumer spending and promotional activities.Moreover, “we expect an improvement in like-for-like growth for most of the retail and food-based companies.Telecom companies are expected to witness improved performance as we saw a mid-single digit increase in Haj pilgrims and newer packages introduced which could increase ARPUs. The downside factor is possible decline in expats in Q3. In the first two months of Q3, “we noticed a 6% y-o-y increase as compared to a decline of 5% y-o-y during the first eight months of 2019.“Cement realizations are up 30% since the end of 2018.In the...
October 01, 2019

Saudi food, retail sectors to yield good results in Q3

Arm & Hammer baking soda takes Saudi consumers by storm
JEDDAH – Arm & Hammer, the well-established household & personal care brand from the USA trusted by consumers for 170 years, launched in 2019 its versatile baking soda product in Panda Stores across Saudi Arabia.Mainstream media as well as renowned bloggers and other socialites were present during the unveiling ceremony at the Hyper Panda Supermarket at Roshan Mall, Jeddah to witness and learn about over 100 multiple uses of Arm & Hammer baking soda.As a product that is gentle yet powerful, baking soda has more than 100 uses from cleaning and deodorizing, whether in the kitchen, bathroom, garage, outdoor pool area, to personal care uses such as whitening teeth and skin exfoliation.“Originating from the USA and trusted by households for 170 years, we are enthusiastic about bringing such...
October 01, 2019

Arm & Hammer baking soda takes Saudi consumers by storm

Toilet paper innovation sets Fine Hygienic Holding on a roll
DUBAI — The original patent for the modern toilet paper roll was made in 1883, with the standard design of a long strip of toilet paper wrapped around a paperboard cylinder remaining unchanged for over a hundred years. It seemed so simple and so effective a design that it couldn’t be improved upon. Granted, manufacturers have meddled and tinkered with the size of the roll, and the softness of the paper itself, but the fundamental design hasn’t been challenged since. However, after 135 years, Fine Hygienic Holding is reinventing the toilet roll. This creative new design will change everything you have come to expect from toilet paper, and blow the old designs out of the water.The concept is simple and elegant, and is sure to not only save consumers money, but also to save them from...
October 01, 2019

Toilet paper innovation sets Fine Hygienic Holding on a roll

Kaplan launches professional development solutions for GCC nationals
DUBAI — To aid the vision of developing capabilities and shaping the future leaders of this region, Kaplan is pleased to announce the launch of our nationals’ development initiatives.GCC governments are investing heavily in education for the young nationals with a long-term vision to build a professional workforce. The skills gap, however, is getting bigger - as knowledge economies demand more competencies.There is now an urgent need to make targeted investments into the initiatives that can align the expectations of young people with rapidly evolving needs of employers in public as well as private sectors, to ensure that the future workforce has the necessary skills to successfully enter the world of work.Furthermore, the employers across GCC are seeking two critical capabilities...
October 01, 2019

Kaplan launches professional development solutions for GCC nationals

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