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Featured in Banking and Investments
Ashridge to help Saudi leaders explore and implement strategies for growth

KSA; 19 April 2018:   Ashridge Executive Education, with over 20 years of experience in training regional business leaders, is focusing on helping Saudi businesses to effectively execute their strategy for growth. As companies in Saudi Arabia face the challenges of digital disruption, a relatively young workforce, and changing customer demands, it is imperative to turn strategies into actions that will generate results.  To help senior managers formulate plans to effectively implement them, Ashridge is delivering a three-day executive program on Translating Strategy into Action for Saudi business leaders from 1st to 3rd May at the Hult campus in Dubai Internet City. Ashridge faculty can also conduct the programme at the premises of any company in Saudi.  Translating strategy into action requires managers to ......read more

Avaya Signs MoU with Jeddah's University of Business and Technology to Drive Education Initiatives

Jeddah, Kingdom of Saudi Arabia – February 21, 2018:   Avaya, a leading global business communications company, announced today that it has signed a Memorandum of Understanding (MoU) with Jeddah’s University of Business and Technology (UBT) to explore education initiatives in the Kingdom of Saudi Arabia.   The MoU was signed at the 7th Gulf Education Conference & Exhibition, taking place February 20-21 on the UBT campus in Jeddah, by Fadi Hani, Vice President, Avaya, Middle East, Africa and Turkey, and H.E. Professor Osama A. Jannadi, Rector of UBT. Avaya and UBT will share knowledge and expertise to form cooperation in the fields of higher education, corporate education and community service. The MoU covers internship and co-operative education programs, and events, seminars and workshops, as well ......read more

Over 5000 Professionals Attend Co-Located Saudi Expos

Event organisers announce 5000+ visitors attended HVACR Expo Saudi, and co-located FM EXPO Saudi & Saudi Clean Expo last week in Jeddah.  For the first time, the 2019 co-located events will take place in the Saudi capital at the Riyadh International Convention & Exhibition Centre from 14-16 January. Saudi, January 24, 2018:  More than 5000 visitors who attended last week’s HVACR Expo Saudi and co-located FM EXPO Saudi & Saudi Clean Expo marked an 18% increase in attendance when compared to the previous year’s edition, announce event organisers dmg events Middle East, Asia & Africa. “A spike in the turnout of visitors to this year’s expos are a clear indicator that growing HVAC-R and Facilities Management sectors in Saudi demand a dedicated platform where industry ......read more

MEPCO and WASCO Attend 15th International Saudi PPPP 2018 Exhibition in Riyadh

MEPCO showcases its latest product innovations to regional and international audiences at Saudi Arabia’s largest industrial gathering Wholly-owned subsidiary WASCO exhibits its core operations alongside MEPCO   Riyadh, Saudi Arabia; 24 January 2018:  The Middle East and Africa’s leading vertically-integrated paper manufacturer, the Middle East Paper Co. (MEPCO), showcases its latest product innovations serving the packaging industries at the 15th edition of the Saudi Print, Pack, Plastics, and Petrochem Exhibition. MEPCO participate alongside its wholly-owned waste management arm, WASCO, which is responsible for supplying MEPCO roughly 90% of its raw material.  Commenting on MEPCO’s participation at the exhibition, Eng. Sami Safran CEO of MEPCO said: “MEPCO is a KSA-based entity with ......read more

CBRE Group, Inc. Named a World's Most Admired Company by Fortune Magazine for Sixth Consecutive Year

Dubai, UAE, January 23, 2018:  CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.  Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels & Resorts) and was among the top three companies on all nine attributes, including global competitiveness, people management, financial strength and long-term investment.  “Our continued recognition as a Fortune Most Admired Company reflects our people’s deep commitment to excellence and producing great outcomes for our clients every day.  We are very proud of their accomplishments,” said Bob Sulentic, president ......read more

Ratings On Saudi Arabia Affirmed At 'A-/A-2'; Outlook Stable

Overview In our view, recent shifts in Saudi Arabia's political power • structures and societal norms, alongside various regional stresses, could increase the risk of policy mistakes that could result in increased domestic and geopolitical tensions. However, we also consider that these structural reforms could empower Saudi citizens and make Saudi Arabia more attractive to investors over the medium term, as the authorities intend. We are therefore affirming our 'A-/A-2' foreign and local currency sovereign ratings on Saudi Arabia. The stable outlook is based on our expectation that the Saudi authorities will take steps to consolidate public finances and maintain government liquid assets close to 100% of GDP over the next two years. Rating Action On Nov. 19, 2017, S&P Global Ratings affirmed its ......read more

EFS Facilities Services Wins Integrated Facilities Management Contract With King Abdullah Economic City

DUBAI November 09, 2017:   EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC). Under the terms of the agreement, EFS will provide integrated facilities management services across the city, including catering, transportation and value-added services such as the integration of smart technology and Computer Aided Facility Management (CAFM). The contract will run over an initial period of three years. “King Abdullah Economic City is a major social and economic growth driver for the Kingdom of Saudi Arabia. As the city grows in complexity so too does its need for state-of-the-art integrated facilities management,” said ......read more

Riyad Bank participate as Platinum sponsor of Saudi Trade Finance Summit

Two-day summit to cover financial regulation and strategy as Kingdom invests for a future without oil Al Khobar, 7th November 2017:   Riyad Bank will, once again this year, be one of the Platinum Sponsors of the 5th Annual Saudi Trade Finance Summit, taking place 14th to 15th November at the Mövenpick Hotel Al Khobar, Saudi Arabia. This exclusive Trade Finance event in Saudi Arabia is organized by Dubai based QnA International.  The Summit will focus on the advancement of systems facilitating the Kingdom’s strong legacy of trade, by bridging the gap between CFOs and financial institutions. Now in its fifth year, the Summit enjoys a reputation for being the most influential trade finance event in the Kingdom.  Discussion over the two days will focus on the financial regulations, strategies and ......read more

Ashridge offers coaching for Saudi HR leaders to become strategic partners in organizations

KSA; 17 October 2017:  Today’s organizations are awash in a sea of continuous change and new skills are needed for business leaders to succeed; and this applies to HR leaders too. Based on their experience of working with HR leaders in Saudi Arabia and other GCC countries, Ashridge Executive Education has customized its five days programme on ‘Advanced HR Strategy and Impact’, to help regional HR practitioners to lead their organization through change, develop their coaching skills, add greater value as consultants and formulate a winning HR strategy for their companies.  According to Rory Hendrikz, Managing Director of Ashridge Middle East, “In Saudi Arabia there is now a greater awareness of the comprehensive role that HR leaders play in development of leadership skills. With the emergence of ......read more

Saudi Arabia's Vision 2030 to transform businesses with tech investments worth SAR8.3 billion

Business leaders highlight key opportunities posed by government investments to advance the adoption of HR technology systems, ahead of the HR Tech Saudi Summit  Dubai, October 11,  2017:  Delegates at the HR Tech Saudi Summit taking place on November 20 – 21, in Riyadh, Saudi Arabia, will enjoy a unique opportunity to discuss how government investments worth SAR 8.3 billion will pose new opportunities for businesses to transform HR practices.  The government of Saudi Arabia pledged the multi-billion Riyal investment under Saudi Vision 2030, supporting a number of advancements in people and workplace development across key growth sectors. Addressing how these developments will transform business, the HR Tech Saudi Summit will include discussion on such pertinent topics as implementing Performance ......read more

ITFC Supports Investment in the Agriculture Sector in Kazakhstan

The International Islamic Trade Finance Corporation (ITFC) participates in the “Agroinvest” Forum Astana 2017 in Kazakhstan Dubai, UAE, August 27, 2017:  The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group participated in “Agroinvest” Forum Astana 2017 organized by “KazAgro”, the National Management Holding with the official support of the Ministry of Agriculture of the Republic of Kazakhstan. The Forum provided a platform to discuss the development of agro-industrial complex of Kazakhstan, and projects in the sphere of agriculture and investment. The Forum took place in the Hilton Garden Inn Hotel in Astana on August 25, 2017.  Eng. Hani Salem Sonbol, CEO ITFC reemphasized IsDB Group and ITFC’s role in supporting ......read more

Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia

Expansion into the Kingdom Strengthens Two Decade Long Relationship with Home Centre 27 August, Dammam – KSA:  Intercoil International, UAE’s leading manufacturer, distributor and retailer of total sleep solutions across the MENA region, recently commenced operations at its new manufacturing facility in Dammam, Saudi Arabia. The firm’s entry into the Kingdom with an investment of 20 million SAR, marks a major milestone in the company’s growth outside the UAE. The new state-of-the-art facility which, spans over a gross area of 7,000 sq. meters and mirrors its UAE facility, will manufacture a comprehensive range of orthopaedic mattresses. The facility will begin production with a daily capacity of 500 mattresses with plans to gradually double mattress capacity over the next three years. ......read more

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns. S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the next few years, and believe that the boycott of Qatar has illustrated deeper fissures within the group than were previously evident. For the most ......read more

MoU between the Islamic Development Bank Group and the Chamber of Commerce and Industry in Medina to Support the Dates Sector

Under the patronage of the Deputy Governor of Medina Region Medina, KSA – June 14, 2017:  Under the Patronage of H.R.H. Prince Saud Bin Khalid Al-Faisal, Deputy Governor of Medina Region, the Chairman of the Islamic Development Bank (IsDB) Group, H.E Dr. Bandar bin Mohammed Hamza Hajjar and the Chairman of the Chamber of Commerce and Industry of Madinah H.E Mr. Munir Mohammed Nasser bin Saad signed a MoU for mutual cooperation and support the Chamber’s role in promoting the commercial and economic environment in the Medina region, and activating its participation in achieving the goals of the National Transition Program 2020 and the vision of Saudi Arabia 2030. The signing ceremony took place in the Office of H.R.H the Prince and was attended by the Chief Executive Officer of the International Islamic Trade Finance ......read more

ITFC Fuels Mali's Energy Sector With € 40 Million Agreement

Supporting access to energy through importing petroleum products and electricity are vital to economic growth and foster the socio-economic conditions in Mali. Jeddah, May 21 2017:  The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a € 40 million Agreement with the Government of Mali, which was signed by Dr. Boubou Cisse, Minister of Economy and Finance Mali and Eng. Hani Salem Sonbol, Chief Executive Officer of ITFC. The signing ceremony was on the sidelines of the IDB Group’s 42nd Annual Meeting that took place in Jeddah, Saudi Arabia. Mali is a non-oil producing Member Country which is also land-locked, where the import of petroleum products is vital and is a necessity for its economic growth. In addition, it supports other key industries such ......read more

Saudi Arabia and GE announce raft of MoUs and agreements worth $15 billion in industrial project development and cross-sector capacity building

In support of Saudi Vision 2030: Agreements drive economic diversification in power, healthcare, oil and gas, mining and digital transformation of industry. Riyadh, Kingdom of Saudi Arabia. May 21, 2017:  Building on its more than 80 years of partnership and experience in the Kingdom, GE [NYSE: GE] has taken significant steps in supporting the delivery of Saudi Vision 2030, today announcing in partnership with the Kingdom a range of Memorandums of Understanding [MoU] and projects valued at $15 billion – of which almost $7 billion are GE technology and solutions – across multiple sectors and partners aimed at creating a truly diverse and sustainable economic platform. Signed in the presence of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and President of the United States of America, ......read more

The International Islamic Trade Finance Corporation (ITFC) Supports SMEs and Private Sector in Member Countries

Jeddah – May 16, 2017 (Hilton – Al Qasr Hall):  ITFC  has  organized a  side-event  during  the  IDB  Group  Private  Sector  Forum, in conjunction with the IDB Group 42nd Annual Meeting held in Jeddah-Saudi Arabia. Given the importance of this forum and the high profile audience that   this  event  has attracted,  ITFC  has  shown  keenness  to  highlight  its  role,  as an Islamic Trade Finance Institution, in contributing to the economic and social development of its member countries through trade finance and trade development. In addition, ITFC is   seeking   to   use   this   opportunity   to showcase its role in promoting the development of the Small & Medium-Sized ......read more

Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards

Riyadh, Kingdom of Saudi Arabia – 08 May 2017:  Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April.  The award recognises Alawwal bank's customer centric approach and focus on innovation in products, services and its digital channels.  "We are delighted and honoured to win this prestigious award. It's a wonderful recognition of the efforts that has gone in to developing and growing Alawwal bank's retail business over the past few years. Our focus on delivering products our customers wants in the way they want them is paying off" said Soren Nikolajsen, Managing Director at Alawwal bank. Earlier this year Alawwal bank launched its first digital-only branch, ......read more

QNB Group inaugurates its Riyadh branch in Saudi Arabia

QNB Group CEO: Entry into the Saudi market is due to QNB’s competitive edge Riyadh, 6th May 2017:  QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh, Kingdom of Saudi Arabia (KSA). Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held under the patronage and presence of H.E. Dr. Ahmed bin Abdul Karim Al-Khulaifi, Governor of the Saudi Arabian Monetary Authority (SAMA), H.E. Sheikh Abdullah Bin Saud Al Thani, Governor of Qatar Central Bank, Mr. Ali Ahmed Al-Kuwari, QNB Group CEO, and a number of Qatari diplomats.  Through its branch, located in the Saudi Capital of Riyadh, and its business hub extending along King Fahd road, QNB Group will provide a comprehensive suite of ......read more

Huge growth opportunity in Saudi Arabia's USD 20-billion facilities management sector, says MEFMA

Kingdom biggest spender in GCC for FM services Saudi Arabia, May 03, 2017 The facilities management (FM) sector in the Kingdom of Saudi Arabia (KSA) remains a largely untapped market, an ‘emerging giant’ that offers huge growth opportunities for regional FM players looking to expand and innovate on their services in the Kingdom, highlighted experts from the Middle East Facilities Management Association (MEFMA) which held a workshop and networking event recently in Riyadh, which was sponsored by Advanced Facilities Management. The MEFMA Report “FM in Saudi Arabia – an Emerging Giant” has revealed that the Kingdom continues to hold the largest share in Gulf FM spending, accounting for about 55 per cent of total expenditure. Although the KSA market is currently valued at USD 20 billion, it is still ......read more

Robust Middle East activity despite global dip: Baker McKenzie Report

Cross-border M&A made up 49% of all deal value and 35% of all deal volume in Q1 2017 North America was a safe haven for deals in Q1 2017  UAE dominates deal volume for cross-regional Middle East M&A KSA leads by deal value for cross-regional Middle East M&A   Jeddah: Global cross-border M&A activity continued to dip as political turbulence and economic uncertainty become the new normal for dealmakers, whilst deal flow in the Middle East remained stable, according to Baker McKenzie's Cross-Border M&A Index*.  The global Index, which tracks quarterly deal activity using a baseline score of 100, decreased to 218 for Q1 2017, down 17% from the prior quarter and 9% from Q1 2016. In Q1 2017, cross-border M&A made up 49% of all deal value and 35% of all deal volume. North America ......read more

Wadi and Al Rajhi Bank announce new partnership

Wadi.com, KSA’s fastest growing e-commerce platform, announces its latest and first of its kind partnership with KSA’s leading bank Kingdom of Saudi Arabia, April 9, 2017 – Wadi.com, KSA’s home-grown online shopping marketplace, today announced a new strategic partnership with one of KSA’s most trusted banks, Al Rajhi Bank. This unique collaboration between the region’s fastest growing e-commerce platform and KSA’s largest islamic bank is a sign of the growing importance of e-commerce in the country.  The long term strategic partnership will include a series of exclusive offers over the coming months and commences with a generous welcome offer for all Al Rajhi customers. From 6th – 15th April, 2017, all Al Rajhi credit and prepaid card holders will receive 10 percent off on all ......read more

Xylem Opens New Office in Saudi Arabia

Dubai, UAE/Saudi Arabia, 9th April 2017 – Xylem Inc. (NYSE: XYL), a leading global water technology company, today announced the opening of a new office in Riyadh, Saudi Arabia. The new office is part of Xylem’s $35 million investment in the Middle East North Africa region, which includes additional resources to help provide localized products, services and capabilities in key markets throughout the region. “The opening of our Saudi Arabia office is an important milestone for our regional investment and supports our long-term strategy of providing sustainable water technology solutions to help solve the region’s water challenges. The new office enables us to be closer to our customers and develop smarter, bespoke solutions that fit their unique needs, which also allows us to increase our capabilities.” ......read more

Lives and Livelihoods Fund Approves $243 Million for Anti-poverty Projects in Support of Eight Countries

2nd meeting of the LLF Impact Committee in Riyadh approves major pipeline of $242.6 million in development projects for 2017 Representatives from Saudi Arabia, Qatar, UAE, the Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development, and the Islamic Development Bank agree on project pipeline to lift poorest OIC countries out of poverty Projects approved in Tajikistan, Sudan, Djibouti, Niger, Mauritania, Cameroon, Uganda, and Guinea LLF is the largest multilateral development initiative in the Middle East and North Africa – releasing $2.5 billion in finance over five years Riyadh, 02 April 2017: Representatives from the Kingdom of Saudi Arabia, the State of Qatar, the United Arab Emirates, the Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development, and the Islamic ......read more

Saudi Arabia to host TOP CEO Conference and Awards for the First Time

Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017:  For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on 10th and 11th April 2017 at Bay La Sun Hotel & Marina, King Abdullah Economic City.  The annual event, now in its third edition, serves to address the burning issues facing the corporate world today while also recognising the very best in GCC business leadership. It is organised by TRENDS magazine and INSEAD – the leading international business school – and will take place under the theme ‘Adapting to Disruption: New Roles, New Realities’, to reflect the ......read more

Other Top Stories from Banking and Investments
 
Global leaders converge in Dubai next week for African investment conference…

Third Annual Investment Conference to be held 5-6 October  McKinsey & Co to present key findings from the new‘Lions on the move II’ report HE Sheikh Nahyan bin Mubarak Al Nahyan to attend as guest of honour Dubai, UAE, October 4, 2016:  Close to 400 business leaders and government representatives will meet in Dubai next week to discuss foreign investment ......read more

The 7th Arabia CSR Forum ropes in leading names in sustainability…

UAE, October 2, 2016 - The Arab Region’s most talked about CSR Forum will be happening on October 19, 2016 in Dubai. Taking place annually for the past six years, the forum has become known all over the Region and even beyond as a platform that promotes latest thinking and current philosophies around CSR and sustainability.  This year too, the forum will present fresh thinking and ......read more

Bentley and Shell Announce Global Framework Agreement…

EXTON, Pa., U.S.A.– July 13, 2016 – Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced a new Global Framework Agreement with Shell. The agreement serves to improve Shell’s capital project construction execution through automated 4D/5D construction management solutions provided by Bentley as a ......read more

UAE and Saudi pharmaceutical product importers hold fruitful discussions with Brazilian ...…

UAE, June 29, 2016– The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that major importers of pharmaceutical products from the UAE and the Kingdom of Saudi Arabia held fruitful discussions with Brazilian pharmaceutical manufacturers during a business matchmaking event in São Paulo -- a strategic meeting that could help further boost the two Arab countries’ trade ties ......read more

UAE named top 10 global retail market by A.T. Kearney…

UAE ranked 7th in A.T. Kearney’s 2016 Global Retail Development Index (GRDI) Saudi Arabia closely followed the UAE, ranked 8th The GRDI evaluates the global markets offering retailers prime opportunities for growth Dubai, UAE, 7 June 2016:  The UAE was named as a leading global retail market in A.T. Kearney’s 2016 Global Retail Development Index (GRDI), titled ......read more

Saudi Arabian investment reform as part of Vision 2030 could enable sustainable development…

Vision 2030 and public investment fund reform could be a unique opportunity to reduce oil dependence and contribute to global effort for carbon emissions reduction, says London Business School expert Dubai, UAE, 25 May 2016 – A successful restructure of the Saudi Arabian Public Investment Fund (PIF) would represent a great opportunity for Saudi Arabia to have a positive impact not only ......read more

Al Ansari Exchange pledges AED 50 million donation to various charities in commemoration of its ...…

UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the occasion and in line with the wise directions and vision of the UAE’s leadership to consolidate the country’s prominent position  in the region and the world, the company is poised to establish new ......read more

170 Leading Executives from Private and Public Sector Organisations, State Owned Entities in KSA ...…

Pearl Initiative collaborates with Siemens Integrity Initiative and SABIC to host interactive workshops highlighting necessity for compliance and ethics Majority of participating business leaders believe that the Saudi  private sector will significantly advance corporate accountability practices within next five years Riyadh-KSA: 17 May 2016 - Companies in Saudi Arabia are ......read more

Unilever KSA Announces Winners of Nationwide Environmental Research Award…

Award launched in collaboration with the Saudi Society for Environmental Sciences - King Abdulaziz University sees participation from over 120 students across the Kingdom Jeddah, Saudi Arabia, May 11, 2016:  Binzagr Unilever Limited, the Saudi Arabian arm of one of the world’s leading FMCG companies, has announced the winners of its Environmental Research Award, an initiative that ......read more

Thomson Reuters Holds 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia…

Industry research reveals increased cyber-security threats in GCC MENA compliance programs demand a balance of technology with human intervention More regional countries will engage with risk national assessments in 2016 Compliance knowledge is about the right people not only the systems in place Riyadh, Saudi Arabia: May 10, 2016 - Thomson Reuters, the world's leading source of ......read more

Economic Sustainability Focus for Riyadh Edition of S&P Global's Financial Leaders Forum…

S&P Global conference to be held in Saudi Arabian capital for the first time Forum to discuss ‘Economic Sustainability Through Strengthened Financial Markets’ Symposium takes place amid plans for sweeping economic reforms in Saudi Arabia Dubai, UAE, May 9, 2016:  S&P Global (formerly McGraw Hill Financial) will host its sixth annual Financial Leaders’ ......read more

Financial Technology Set to Transform Financial Services in Saudi Arabia …

Special Panel on Digital Ecosystem Planned for Euromoney Saudi Arabia Conference Doha, Qatar: The Kingdom of Saudi Arabia’s financial sector is likely to encounter significant disruption from new financial technologies in the coming years, but could emerge stronger and more streamlined, according to experts gathering for the Euromoney Saudi Arabia Conference this May.  Financial ......read more

Sadara on track to ‘change the game' in Saudi Arabia's downstream industry…

18 January, 2015 – Jubail, Saudi Arabia: Following the successful start-up of the first Solution Polyethylene facility in the Middle East in December, Sadara Chemical Company (Sadara) is well on track to set new paradigms in both Saudi Arabia’s and the region’s downstream industry. The company, which sponsored and participated in the GPCA PlastiCon 2016 under the theme ......read more

Sadara Successfully Starts Up First Solution Polyethylene Plant in the Middle East…

14 December, 2015 – Jubail, Saudi Arabia: Sadara Chemical Company (Sadara), the world’s largest chemical complex ever built in a single phase, has successfully started up its first production plant, moving on schedule from the construction to the operational phase.  Sadara’s first product – Linear Low Density Polyethylene (LLDPE) – was produced in the ......read more

Saudi Arabia lifts ban on Brazilian beef exports…

UAE, December 8, 2015 – Brazil and Saudi Arabia signed recently a Memorandum of Agreement (MoA) to open the Middle East to Brazilian beef exports, effectively drawing to a close a ban that has been in force for almost three years. The initiative was commemorated by a sanitary certificate handed by Brazil’s Minister of Agriculture Kátia Abreu, who represented the interests of ......read more

Mergermarket: Healthcare and F&B are Saudi's most active M&A sectors; Thirty one major debt deals ...…

Mergermarket identifies Healthcare and F&B as Saudi Arabia’s most active M&A sectors. Thirty one major debt deals completed in 2015, excluding sovereign issuance Largest deal was Aster DM Healthcare’s acquisition of 57% stake in Sanad Hospital; Savola Group linked with bid to acquire majority stake in Kuwait’s Americana Group; Saudi debt deals, excluding sovereign ......read more

World Islamic Banking Conference (WIBC) to Chart Future of Commodities, Currencies and Asset ...…

This December experts from the US, Turkey, UAE, Egypt, UK, Saudi Arabia and other markets to provide Islamic finance industry with its asset allocation outlook for 2016  11 November 2015, Manama, Bahrain:  The World Islamic Banking Conference (WIBC) 2015 will gather seasoned economists, asset managers and investment bankers who will provide a holistic view of asset allocation ......read more

ICC Saudi Arabia to support the 3rd Annual Saudi Trade Finance Summit 2015…

QnA International organizes summit on trends and challenges on trade finance in Saudi Arabia Dubai, November 2, 2015 - Dubai based QnA International is set to host the annual Saudi Trade Finance Summit in partnership with the Saudi Arabia arm of International Chamber of Commerce (ICC). The event now in its third edition, is an exclusive by-invitation only gathering of the most influential ......read more

Gulf Navigation posts high 123% profit growth at end of third Quarter of 2015…

UAE, November 1, 2015 - Gulf Navigation Holding PJSC (DFM: GULFNAV), the Dubai-based shipping company, has reported a substantial 123% profit growth at the end of the third quarter of 2015 compared to the same period the previous year. The company released its latest financial statement amidst its strong and consistent financial turnaround and continuous intensified efforts to address creditor ......read more

Retail market in Saudi Arabia and the GCC exceeds 270 billion SR…

Jeddah, November 1, 2015: Retail industry leaders across the Arab world came together recently for NEXTGEN 2015, an event aimed at supporting the further development of the SAR 270 billion GCC retail industry. The event, which was held at the Elaf Hotel in Jeddah, was organized by the Middle East Council of Shopping Centers (MECSC), a non-profit organization operating under the umbrella of the ......read more

Dubai Design and Fashion Council announces the findings of the MENA Design Outlook study…

• The market value of the MENA design industry surpassed USD 100bn in 2014 • UAE and Saudi Arabia are by far the largest overall design markets in the region, respectively totaling USD 27.6bn and USD 21.9bn in design revenues in 2014 Dubai, October 27, 2015: Dubai Design and Fashion Council (DDFC) revealed the results of the MENA Design Outlook, a ground-breaking study ......read more

BMJ to support KSA's medical researchers in developing research skills…

October 11, 2015: BMJ, one of the world’s leading healthcare knowledge providers, will visit doctors, students and researchers across the Kingdom of Saudi Arabia (KSA) from October 12 to 17, 2015 to help them develop their research skills and learn how to write papers that can get published in top journals. Dr. Trish Groves, Deputy Editor and Head of Research at The BMJ and Editor-in-Chief ......read more

The NFC leader FAMOCO wants to expand its business in the Middle East and will exhibit at the GITEX ...…

- From October 18th to 22nd United Arab Emirates; September 22, 2015 – FAMOCO the French specialist of Android NFC readers just raised $4,5 millions and now aims at conquering the Middle Eastern market. The GITEX show, the 3rd largest technology event on the planet, is an opportunity for FAMOCO to meet its clients and gain prominence in the Middle East. FAMOCO exhibits at this event ......read more

EQUITY speeds-up its international development by focusing on corporate governance In the Middle ...…

United Arab Emirates ; September 9, 2015 - EQUITY, leader of governance and legal management software solutions for major corporations, continues its development and announces the signing of significant new contracts in the Middle East. EQUITY, French governance and legal management solutions provider for large and medium corporations, announces the signing of contracts with new prestigious ......read more

Global Ethical Finance Forum all set as landmark platform to forge future of responsible ...…

Dr. Zeti Azi, Governor of Malaysia’s Central Bank, delivered the inaugural Keynote Address at historic forum in the UK Dubai, United Arab Emirates, 1 September 2015: Ethical finance leaders from Europe, East Asia, the Middle East and Africa gathered today at a historic forum for the global responsible investments industry. The Global Ethical Finance Forum (GEFF), with the official ......read more

Gulf management need to take more risks and drive innovation – global survey…

PA Consulting Group study shows organisations in UAE, Saudi, Qatar must develop staff to think creatively to boost productivity Abu Dhabi, UAE, 30 August 2015: Management in the Gulf need to take more risks and develop staff to think creatively, according to a new global innovation survey designed to help companies stop wasting their best ideas and flushing hundreds of billions of dollars down ......read more

Riyad Bank, Banque Saudi Fransi and Saudi Hollandi Bank sign on as Platinum Sponsors of 3rd Annual ...…

The kingdom’s leading financial institutions have renewed their support for the annual summit. Riyadh, 27 August 2015: Riyad Bank, Banque Saudi Fransi and Saudi Hollandi Bank, three of the Middle East’s leading banks, have been announced as Platinum Sponsors of the 3rd Annual Saudi Trade Finance Summit 2015 – the largest and most influential gathering of trade finance ......read more

HTC Announces Share Repurchase Program…

Buy-back of up to 50 million shares reflects confidence in business strategy and growth potential Taipei, Taiwan – August 24, 2015 – HTC Corporation today announced that its Board of Directors has authorized a share repurchase program to restore investor confidence and increase shareholder value. The share repurchase program, which will run over the course of the next two ......read more

Deloitte: Middle East CFOs – Local concerns, global impact…

-Deloitte: Risk appetite in the Middle East curbed -Deloitte: Optimism in UAE drops to a net 46% from net 61% previously 24 August, 2015 – The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, according to Deloitte’s latest report “Global CFO Signals: CFO Sentiment Q2 2015 – Staying focused; remaining vigilant”. ......read more

QNCC excels as the venue of choice amongst clients for the first half of 2015 according to recent ...…

Global best practice standards, customer service delivery and expert event management ensure QNCC’s overwhelmingly positive customer satisfaction rating Doha, Qatar, 24 August 2015: Qatar National Convention Centre, the Middle East’s leading exhibition and convention centre, recently conducted a survey amongst its international and regional clients garnering feedback on its event ......read more

Egypt and Saudi Arabia continue strong IPO performance in H1 2015…

Egypt leads the region with five IPOs in H1, followed by Saudi Arabia with three IPOs IPO of Saudi Ground Services Company on the Saudi Stock Exchange was the largest IPO in H1 2015 Nine MENA IPOs in Q2 2015 raising over US$2.1b Dubai, 11 August 2015: H1 2015 saw 11 IPOs in the Middle East and North Africa (MENA) region, raising capital of over US$2.4b, according to EY’s ......read more

PAYFORT announces game-changing flexible payment options for UAE, Saudi and Egypt consumers…

PAYFORT installments simplifies paying by monthly installments for region’s online consumers, announces availability through leading banks in MENA region Dubai– 02 August 2015 - PAYFORT, the leading online payment service provider in the Arab world, announced today the launch of its installments service in the United Arab Emirates, Saudi Arabia and Egypt, a new service that makes ......read more

Global leader joins Middle East Global Advisors to Build Intelligence Powerhouse for Islamic Markets…

The Islamic finance industry has reached almost $2 trillion in total assets at the end of 2014 Dr. Sayd Farook will bring international expertise and track record to leading Middle East knowledge platform 21 July 2015, Dubai, United Arab Emirates: Middle East Global Advisors has appointed Dr. Sayd Farook as Vice Chairman and Chief Executive Officer.  Dr. Sayd Farook joins ME Global ......read more

China First Aid Market Projected to be worth CAGR of 6.3% by 2020…

Future Market Insights (FMI), in its latest report titled, “China First Aid Market Assessment and Opportunity 2014 - 2020”, projects the China first aid market to exhibit a CAGR of 6.3% between 2015 and 2020. Adoption of aggressive promotional campaigns are key factors driving growth of the market. The report is focused on basic first aid products such as adhesive bandages, ......read more

Delegation from Saudi Food and Drug Authority visits Brazilian cattle plants…

UAE, July 20, 2015 -A delegation from the Saudi Food and Drug Authority (SFDA) recently visited Brazil to observe local cattle and poultry farms and slaughter houses. Also in attendance were key members of the Arab-Brazilian Chamber of Commerce (ABCC) such as Mr. Tamer Mansour, international relations manager, among others. The Ministry of Agriculture, Livestock and Supply (MAPA) reported that ......read more

Al Hilal Bank announces resignation of Group CEO…

UAE, July 15, 2015 - Al Hilal Bank, the progressive Abu Dhabi - headquartered Islamic Bank, has announced the resignation of Mr. Mohamed Jamil Berro as the CEO, a position he has held since the bank’s establishment in 2008. Mr. Berro explained that his resignation is due to personal reasons. The Board of Directors expressed their appreciation for Berro, commending his vital role in raising ......read more

Leo Burnett MENA Reaches its Best-Yet Tally in Cannes, Walks Away with Nine Lions Including Two ...…

Dubai, July 2015: Leading advertising agency Leo Burnett MENA collected an array of awards at the Cannes Lions International Festival of Creativity 2015, the world's biggest annual awards show and festival for professionals in the creative communications industry. The agency scooped a total of nine Lions at the prestigious event – which takes place every June in Cannes, France – ......read more

GBPUSD suffers in the aftermath of Greek referendum…

Written by Jameel Ahmad, Chief Market Analyst at FXTM Global Markets: For the second successive week, global financial markets are commencing trading facing downside pressures with investors reacting unfavourably to the news that a “No” vote was declared victorious in the Greek referendum. While Tsipras is optimistic that the outcome of the referendum can be used as leverage for ......read more

A Greek Tragedy…

This is now officially a Greek tragedy  In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of a social break down. The vote clearly was not help by the fact that the actual vote: Yes or No was confusing. What did they actually say No to? This ......read more

MEED: Economic activity in the GCC fell by just under 30 per cent during the first half of 2015…

MEED says three data points show that markets fell during first half of 2015 • Project awards, mergers and acquisitions activity, and company earnings are all down by close to 30 per cent • Average daily oil prices down by 46.9 per cent during first half of 2015 • Investor confidence has been subdued this year Economic activity in the GCC fell by just under ......read more

Saxo Bank warns of a false start to the Fed's rate hike cycle…

Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk. It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5. The outlook for Q3, therefore hangs in ......read more

According to EY's report ‘How will the GCC close the skills gap?…

Three quarters of GCC employers feel the education system doesn't know what skills employers need • 53% of employers rank lack of work experience as affecting nationals’ employability, with only 30% of GCC students having taken any work experience  • According to employers, communication skills (36%) and required skills and qualifications (22%) are further ......read more

Cedar Management Consulting International acquires the business of IBS Publishing…

Dubai, June 29, 2015: Cedar Management Consulting International LLC (Cedar), the global management consulting firm today announced that it has acquired the business and operating assets of IBS Publishing, the leading UK based financial technology research, publication and consulting firm. This includes their primary brand and operating platform - IBS Intelligence. Since 1999, Cedar’s ......read more

Impact Plus launches three exciting entrepreneurial development programs to fill region's ...…

June 28, 2015: Impact Plus, a leading Dubai-based ‘Business Knowledge’ facilitator offering accredited training programs in the Middle East and Africa, has launched three interactive and practical entrepreneurial development initiatives with an aim to reduce leadership deficit. The new US-accredited development programs -- Ana Montejah™, Certified Professional Graduate ......read more

Arab-Brazilian Chamber of Commerce reveals UAE & Saudi Arabia among top importers of Brazilian ...…

UAE, June 24, 2015 - The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that two Arab states were among the top importers of Brazilian shoes during the first quarter of 2015, demonstrating anew the steadily growing trade relations between the region and the South American nation. The ABCC cited figures recently released by the Brazilian Footwear Industry Association (Abicalçados) showing ......read more

NAPCO CEO receives AIWA's award for ‘Most Outstanding Corporate Leader'…

June 24, 2015 - National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced that its CEO, Robert Holtkamp, has received the award for ‘Most Outstanding Corporate Leader’ from Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading Arabic business magazine published by United Media Services. The 5th edition of the ......read more

EY to acquire Integrc, further boosting its governance, risk and compliance consulting services…

DUBAI, 23 JUNE 2015. EY signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August,  will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to ......read more

According to the MENA Insurance Enterprise Risk Management by EY and Munich Re…

41% of insurance companies in KSA and UAE believe there is a need to improve risk management framework - KSA insurers rate “business taking ownership of risk” as the top challenge to strengthening the risk culture - UAE insurers rate “lack of a strong regulatory regime and competitive pressures” as the top challenge Dubai, 22 June 2015: Due to increasing ......read more

SHUAA named “Best Regional Asset Manager” by Banker Middle East…

18 June 2015: SHUAA Asset Management Ltd. today announces that is has been awarded the “Best Regional Asset Manager” at Banker Middle East’s Annual Industry Awards 2015. Organised by CPI Financial, the awards recognise institutions that are truly innovative pioneers in their respective areas of expertise, and are helping to shape the future of the industry in the region. The ......read more

Nearly half of MENA businesses do not have an anti-bribery or anti-corruption policy and code of ...…

According to EY’s 2015 Europe, Middle East, India and Africa (EMEIA) Fraud Survey: DUBAI, 16 June 2015: EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance. Only 52% of MENA respondents stated they had an ......read more

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