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Alex, 37, and father George Soros
George Soros hands reins of $25bn empire to son Alex
NEW YORK — US billionaire philanthropist George Soros has handed over the running of his $25bn (£19.9bn) financial and charitable empire to his son Alex.The Hungarian-born financier said his son had "earned it", in an interview with the Wall Street Journal.Since the 1990s the family's wealth has been directed to support democracy-building in dozens of countries.But in recent years the 92-year-old former hedge fund manager has become the focus of anti-Semitic conspiracies.A Soros spokesperson confirmed to the BBC the details of the interview published on Sunday.George Soros is also one of the largest donors to the US Democratic Party. Alex, a 37-year-old history graduate, is the second-youngest of his five children.Alex is the only family member sitting on the investment...
June 12, 2023

George Soros hands reins of $25bn empire to son Alex

Bank Albilad is the First Saudi Bank to enable the Open Banking Services
Driven by its never-ending pursuit to enhance innovation and digital banking, Bank Albilad has completed the technical permit requirements to enable the open banking services according to the regulatory framework issued by the Saudi Central Bank “SAMA” with the aim of supporting the FinTech system in the Kingdom, being the first bank in Saudi Arabia to obtain the technical permit and enable the open banking services.Abdul-Aziz Al-Onaizan, CEO of Bank Albilad, has expressed his pride about the banking leadership of Bank Albilad and its completion of the technical permit requirements as the first bank in Saudi Arabia to enable the open banking services according to the regulatory framework issued by the Saudi Central Bank, which reflects how Albilad elevates the banking experience of the...
June 11, 2023

Bank Albilad is the First Saudi Bank to enable the Open Banking Services

Gold rush for LuLu vacation shopping — win half kilo gold
LuLu Hypermarket in Saudi Arabia has added a golden shine to shopping with its latest Golden Rewards that is giving up to half kilo of gold to shoppers.Shoppers who do their vacation shopping at any of the LuLu Hypermarkets in Riyadh, Hail, Jeddah, Al Kharj and Tabuk LuLu where the best deals have been designed for affordability and quality, can now enter a Golden Raffle Draw to win the half kilo gold bumper prize which will be divided among 63 top winners. Each winner will get an 8-gram gold coin.Sixty-three lucky winners will win up to 8 grams of gold each from the half kilo of precious metal up for bumper prize. Each shopper gets a raffle ticket in this exciting "Visit and Win Gold" promotion which is valid until July 07, 2023. The Grand Gold Draw will be held on July 13, 2023...
June 10, 2023

Gold rush for LuLu vacation shopping — win half kilo gold

Middle East and West have much to learn from each other to unleash AI’s potential, expert Reza says
Crown Prince Mohammed bin Salman has long recognized artificial intelligence (AI) as one of the most emerging technologies of our time, making the technology one of the cornerstones of his Vision 2030 strategic framework. According to AI expert Ahmed Reza, this bet is likely to result in the Kingdom becoming a major player in the AI ecosystem.“Saudi Arabia was one of the first countries to recognize the potential of AI as part of a nationwide effort,” says Reza, founder & CEO of AI company, Yobi. “The incorporation of AI into the Vision 2030 strategic framework reflects a forward-thinking approach that has given the kingdom a head start in the global AI race.”With generative AI models like ChatGPT and Bard taking the world by storm after their developers made them public,...
June 09, 2023

Middle East and West have much to learn from each other to unleash AI’s potential, expert Reza says

Bank Albilad provides Final Payment Real Estate Financing
For the first time in the Kingdom’s housing sector, Bank Albilad announces the launch of the final payment real estate financing product as an e xclusive program. This is in addition to the real estate financing programs that the Bank offers as innovative solutions to beneficiaries to provide necessary funding to help households buy houses.The Bank has emphasized the continuation of its efforts to offer innovative solutions and qualitative real estate financing programs aimed at providing housing options which perfectly suit the Saudi family’s needs. Meanwhile, the Bank carries on activating housing financing programs supervised by the Ministry of Municipal and Rural Affairs and Housing through the initiatives and programs of the Real Estate Development Fund and the National Housing...
June 07, 2023

Bank Albilad provides Final Payment Real Estate Financing

Dr. Mohanad Alshaikh, CEO, Johnson Controls Arabia.
Local content to answer growing demand for smart building solutions in the thriving real estate sector
The recent market studies share a positive outlook for the real estate sector in the Kingdom, where the local gross domestic product grew by 8.6% in Q3 2022 and by 8.3% by the end of 2022 and is anticipated to level up to 7.3% and 3.2% by 2023 and 2024 consecutively as per the World Bank report and indicators.Johnson Controls Arabic sources forecast that new real estate opportunities in the commercial and residential segments will double, including the hospitality, residential projects, management and business units, retail, and industrial and logistic segments.The growing demand and increased focus on infrastructure projects are fueling the positive performance of the real estate sector, as our internal sources estimate the value of projects under construction at over USD 1 trillion, and...
June 06, 2023

Local content to answer growing demand for smart building solutions in the thriving real estate sector

PwC Middle East inaugurates its regional headquarters in Riyadh
PwC Middle East has received its Regional Headquarters license from the Ministry of Investment (MISA) and the Ministry of Commerce (“MOC”) in the Kingdom of Saudi Arabia reinforcing its commitment towards Vision 2030, driving the transformation programme, and supporting ambitious local talent. Eng. Khalid A. Al-Falih, Minister of Investment, and Dr. Hazim Zagzoog, Advisor to the Royal Court, and Kevin Ellis PwC EMEA among other senior esteemed guests attended PwC Middle East’s Regional Headquarters inauguration ceremony held at AL Faisaliah hotel in Riyadh on 31 May 2023. The Middle East’s largest professional services firm supports the Centre of Government, Vision Realization Programs, Government Ministries, Royal Commissions, Giga programmes, and the broader ecosystem to set...
June 06, 2023

PwC Middle East inaugurates its regional headquarters in Riyadh

Tim Hortons Middle East announces a strategic partnership with Saudi leading English podcast
Tim Hortons Middle East, the iconic Canadian coffee chain, is excited to announce a strategic partnership with The Mo Show, Saudi Arabia's leading English podcast.Under this agreement, Tim Hortons will become the official sponsor of The Mo Show Podcast for the upcoming year, marking an exciting collaboration between two like-minded and influential brands in the Kingdom.Driven by a strong commitment to fostering meaningful connections with its audience, reinforced with this newest collaboration, will enable our listeners and viewers to enjoy the content with a delicious Tim Hortons cup of coffee, donuts and more.Hesham Almekkawi, CEO at Tim Hortons Middle East, expressed his enthusiasm for the partnership, stating, "At Tim Hortons, we believe in connecting with our guests and being...
June 06, 2023

Tim Hortons Middle East announces a strategic partnership with Saudi leading English podcast

Joe Benarroch will focus on business operations at Twitter
Twitter snaps up top NBCUniversal executive
WASHINGTON — Twitter has snapped up senior NBCUniversal executive Joe Benarroch, as Elon Musk continues to shake up the social media platform's top team.Benarroch starts the role on Monday, focussing on business operations.It comes less than a month after NBCUniversal's head of advertising Linda Yaccarino was named as Twitter's new chief executive.She will take the position currently held by Musk, who will remain closely involved in the company.Benarroch has already updated his LinkedIn profile, indicating that he will be based at Twitter's New York office.He also posted an announcement about his move that said: "I am looking forward to bringing my experience to Twitter, and to working with the entire team to build Twitter 2.0 together."On Twitter, Ms Yaccarino...
June 05, 2023

Twitter snaps up top NBCUniversal executive

American University of Bahrain opens admissions for the 2023-2024 academic year
The American University of Bahrain (AUBH), Bahrain’s American-model University has announced that admissions are open for the 2023-2023 academic year. AUBH has expanded its portfolio of academic offerings with the introduction of new undergraduate and graduate programs. A Bachelor of Science in Cybersecurity (contingent upon HEC approval) as well as a Master of Science in Engineering Management will be offered in September 2023. This announcement follows the recent news that AUBH has officially achieved U.S Accreditation through the WASC Senior College and University Commission (WSCUC), one of the highest levels of quality assurance in higher education.Dr. Bradley J. Cook, AUBH President commented: “We are very proud of the growth of our academic portfolio and the access it will...
June 04, 2023

American University of Bahrain opens admissions for the 2023-2024 academic year

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