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Monday December 17, 2018
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10 , Rabi' ath-thani , 1440
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"BUSINESS"
December 17, 2018
Utilities digitization powers growth of KSA’s largest industrial cities
JUBAIL — As the Saudi Arabian utility sector undergoes digital transformation to optimize its operations, modernize its infrastructure, and reshape offerings, all aligned with Saudi Vision 2030, Saudi Arabian utilities provider, Marafiq, has embarked on enhancing its digital intelligence with SAP.Marafiq provides power and utility infrastructure to industrial cities within Saudi Arabia, which hosts some of the world’s largest hydrocarbon conglomerates in Yanbu and Jubail. Digital transformation presents a ...
December 17, 2018
DP World and SMS deal to revolutionize global port logistics
DUBAI/DUSSELDORF — An international joint-venture formed by global trade enabler DP World and industrial engineering specialists SMS group will revolutionize the way that containers are handled in ports. A new and intelligent storing system will be applied for the first time ever at Jebel Ali Terminal 4, in time for the Dubai Expo 2020 world fair.The High Bay Storage system was originally developed by SMS group subsidiary AMOVA ...
December 17, 2018
Slashing commute time to save 214m tons of CO2 by 2030
DUBAI — An increase in flexible working will reduce levels of carbon dioxide by 214 million tons per year by 2030, according to a new study by Regus. The economic study, carried out by independent researchers, found that if the growth in flexible workspace continues to increase, people around the world would save over 3.53 billion hours commuting every year by 2030. The amount of carbon dioxide saved by this ...
December 17, 2018
Technology innovation to spur F&B processing
DUBAI – Growth in the global food and beverage processing and packaging equipment market looks promising over the next four years, Frost & Sullivan’s latest analysis revealed.The study said improved economic conditions in emerging nations, changing dietary preferences globally, and a rising demand for nutritious and ready-to-eat food products are driving demand for food processors and boosting growth in the packaging equipment market. The global food and beverages processing ...
December 17, 2018
US censures at WTO forum
GENEVA — Major economic powers took aim at the United States on Monday at a World Trade Organization forum, where Washington was accused of abandoning its leadership role for the sake of self-interest.Every WTO member faces a trade policy review, but the latest US audit turned especially hostile, with nations blasting a raft of tariffs and other measures implemented by President Donald Trump’s administration.Speaking first after a US presentation, ...
December 17, 2018
Euro recovers as dollar dips
LONDON — The euro recovered nearly half a percent from recent lows on Monday as the dollar slipped, with traders reluctant to push the US currency much higher before the Federal Reserve›s policy meeting this week.In quiet London trading, most currencies were little changed before key policy events in the United States and China.Last week, the dollar enjoyed its best weekly performance since September, reaching an 18-month high. The euro ...
December 17, 2018
Five startups qualify for third batch of Badir Business Accelerator Program
RIYADH — Out of 350 Saudi startups, five technology companies have qualified for the Badir Business Accelerator Program in its third cohort this coming year, who will be offered support, funding and guidance over the next three months to guarantee their success in their initial stages.The Riyadh-based initiative, which will offer services such as training, workshops, business offices and legal support, is one of many launched by Badir Program ...
December 17, 2018
Careem launches online food delivery service in Jeddah
DUBAI — Careem, the region’s leading technology platform, has launched an online delivery platform for goods and services. Careem NOW is Careem’s expansion into the food delivery market as the company expands its platform beyond ride hailing to payments, delivery and mass transportation.Adeeb Warsi, MD of Careem NOW, said: “Careem NOW can do for food delivery what Careem has successfully done for ride hailing. Careem NOW will create awesome dining ...
December 17, 2018
All-new 2019 Haval H6 a head-turner at SIMS 2018
JEDDAH — Automotive Distribution & Marketing Company Limited (DMC), a part of Ali Zaid Al Quraishi & Brothers Co. and the official distributor for Haval vehicles in Saudi Arabia, launched the all-new 2019 Haval H6 at the Saudi International Motor Show in Jeddah.Manufactured by Great Wall Motors, the Haval is China’s best selling SUV, and the H6 is set to compete with leading brands in the SUV ...
December 17, 2018
Red Sea Mall, Ita’am win International Council of Shopping Centers award
JEDDAH — Red Sea Mall and Ita’am Charitable Society celebrated their grand win at the “International Council of Shopping Centers” in the cause marketing category. The event was attended by a large number of dignitaries and businessmen. During the ceremony, a visual presentation was showcased about the award-winning project and the importance of community partnership in such a project, which led to the huge success.In recognition of the importance ...
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