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The Forrester Wave™-Enterprise Email Security, Q2 2021

Trend Micro named a leader in the Forrester Wave™ Enterprise Email Security report

JEDDAH - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, announced it has been named a leader, in The Forrester Wave™: Enterprise Email Security, Q2 2021 report. Trend Micro is a leader among the 15 evaluated vendors, scoring second highest in the Current Offering category and tying for the highest score in the Strategy category, two of the three main categories evaluated.Email security is a key layer of security provided by Trend Micro’s cybersecurity platform. At the heart of the platform is Trend Micro Vision One, which delivers visibility and XDR for faster detection of attacks, using telemetry from email security in addition to the other components of the platform including endpoint, servers, cloud workload and networks. Click here to read the full...

July 26, 2021

Trend Micro named a leader in the Forrester Wave™ Enterprise Email Security report

Tanmiah IPO announces retail subscription date

RIYADH — Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and underwriter for Tanmiah Food Company’s (Tanmiah) Initial Public Offering (IPO) has announced that Tuesday, July 27, 2021, is the date for subscription by individual investors to the Retail Tranche of Tanmiah’s IPO.The retail subscription period will last for one day only. Six million (6,000,000) Ordinary Shares, representing 30% of the total shares of Tanmiah Food Company, were offered to institutional investors during the book building process, and six hundred thousand (600,000) Ordinary Shares have been allocated to individual subscribers, representing 10% of the total offered shares, at a price of SR 67 per share.Saudi Fransi Capital stated that the receiving bank, Banque Saudi Fransi, has completed...

July 26, 2021

Tanmiah IPO announces retail subscription date

File photo of Sheikh Mohammed Bin Zayed Al Nahyan honorin LuLu Group's Yusuffali MA with the “Abu Dhabi Award 2021”, the highest civilian honor for his almost 5-decade long contributions in the fields of economic development and philanthropy.

Mohammed Bin Zayed reconstitutes ADCCI; Lulu Group’s Yusuffali appointed vice chairman

ABU DHABI — Sheikh Mohammed Bin Zayed Al Nahyan, crown prince of Abu Dhabi & deputy supreme commander of UAE Armed Forces, issued a resolution to form a new Board of Directors for Abu Dhabi Chamber of Commerce and Industry (ADCCI), chaired by Abdullah Mohamed Al Mazrouei and prominent Indian businessman Yusuffali MA as the vice-chairman.ADCCI is the apex govt. body of all business established in Abu Dhabi and functions as an effective bridge between the government and business sector. Each of the business establishments in Abu Dhabi, one of the wealthiest and most influential economic hubs in the region, has to be licensed by ADCCI.Yusuffali is the only Indian in the 29-member board, which is primarily made-up of Emirati business owners and CEOs.Yusuffali, on being appointed as the vice...

July 26, 2021

Mohammed Bin Zayed reconstitutes ADCCI; Lulu Group’s Yusuffali appointed vice chairman

Hict opens regional headquarter for ME in Riyadh

RIYADH — Hict was among the first international companies to sign a Memorandum of Understanding (MoU) with the Saudi Ministry of Investment (MISA) in January 2021.This MoU allowed Hict to open a privately owned regional headquarter for the Middle East in the city of Riyadh, KSA. Months later, Hict officially announces the opening of their Riyadh based office as new regional Headquarter for the Middle East. The office in Riyadh is an excellent staging ground to bring years of experience and commitment to Optimising Healthcare to the Middle East.Hict has been active in the MENA region for more than twelve years, realizing a multitude of healthcare projects related to strategy and process improvement for healthcare providers, suppliers and public services. Moreover, Hict offers unique and...

July 21, 2021

Hict opens regional headquarter for ME in Riyadh

Leading retailer LuLu further strengthened its presence in the Eastern Province of Saudi Arabia with the grand opening of its new express store in the heart of Dammam, located at Jalawiya Plaza.

LuLu expands presence in Eastern Province with new outlet in Dammam

DAMMAM — Leading retailer LuLu further strengthened its presence in the Eastern Province of Saudi Arabia with the grand opening of its new express store in the heart of Dammam, located at Jalawiya Plaza.With the launch of a new outlet, LuLu's branches in the Kingdom have risen to 22 and 211 globally.Set within the vast and growing community, the new express store, covering a total built-up area of 43,000 square feet, features a one-stop shopping destination for fresh food, groceries, home essentials, and electronics.Speaking on the occasion, Shehim Mohammed Director LuLu Hypermarket KSA said: “We continue to see the improving lifestyle preferences and shopping demands of residents in communities located farther from town centers, which is why it is our continuous endeavor to take...

July 17, 2021

LuLu expands presence in Eastern Province with new outlet in Dammam

Microsoft unveils Windows 365 — ushering in a new category of computing

REDMOND — Microsoft Corporation today announced Windows 365 – a cloud service that introduces a new way to experience Windows 10 or Windows 11 to businesses of all sizes. Windows 365 takes the operating system to the Microsoft Cloud, streaming the full Windows experience – apps, data, and settings – to personal or corporate devices. Secure by design and built with the principles of Zero Trust, Windows 365 secures and stores information in the cloud, not on the device, providing a secure, productive experience for workers from interns and contractors to software developers and industrial designers. Windows 365 also creates a new hybrid personal computing category called Cloud PC, which uses both the power of the cloud and the capabilities of the device to provide a full,...

July 15, 2021

Microsoft unveils Windows 365 — ushering in a new category of computing

KSA, UAE reach compromise on supply, as oil dips on China’s crude imports

DUBAI/LONDON/OSLO — Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, a source said on Wednesday, in a move that should bring about a deal to supply more crude to a tight oil market and cool soaring prices.Brent oil prices fell on the news by as much as $1 per barrel towards $75 per barrel after Reuters reported the two major OPEC producers had agreed a deal.Another reason oil prices are trading lower Wednesday is that the market, despite the recent bullish signals, started realizing there is some reluctance from the buy-side to support the current high price levels, said Rystad Energy’s Oil Markets Analyst Louise Dickson.Traders started realizing that oil might be getting too expensive for too long after China’s half year crude imports were...

July 14, 2021

KSA, UAE reach compromise on supply, as oil dips on China’s crude imports

LuLu warns of fake website, smartphone prize 'anniversary ' offer

"A fake website with a fraudulent campaign is doing the rounds on social media platforms.The website entices people with: ‘LuLu Hypermarket 20th Anniversary Celebration’ offer and has a set of questionnaires and promises mobile phones as prizes.It is unfortunate that such fraudsters keep coming back with new tricks. We have informed relevant authorities about this issue.We urge all our loyal shoppers across the world to not fall for such fake campaigns and websites.Also, we wish to request our customers never to share any personal details, bank account or credit card numbers on such websites or any other suspicious links.We wish to reiterate that all our genuine offers are only posted on our official social media accounts and websites.Global Director — Marketing &...

July 14, 2021

LuLu warns of fake website, smartphone prize 'anniversary ' offer

Al Mouj Muscat - Golf

Oman — Sultanate that combines natural beauty with extraordinary opportunity

MUSCAT — With the visit to the Kingdom of Saudi Arabia by his Sultan Haitham Bin Tarik of the Sultanate of Oman, interest has turned to the land that shares a border with the Kingdom of Saudi Arabia. With a coast formed by the Gulf of Oman and the Arabian Sea, it is far more than Oman’s ideal trading location that is driving significant investor interest in the Sultanate.Oman has long enjoyed economic stability, an investor-friendly environment and is a signatory to WTO and the GCC common market. With a strong focus on diversification, industrialisation and privatisation, investors benefit from the country’s state-of-the-art infrastructure and a unique location.As well as a warm and welcoming environment, millions of visitors each year are impressed by the Sultanate’s natural...

July 13, 2021

Oman — Sultanate that combines natural beauty with extraordinary opportunity

Acquisitions diversify logistics footprint at the expense of deleveraging

DUBAI — On July 8, DP World Limited (DPW, Baa3 stable) announced an offer to acquire 100% of Imperial Logistics Limited, a predominantly African logistics provider listed on the Johannesburg Stock Exchange, for a purchase price of ZAR12.7 billion ($890 million).The announcement follows the DPW's July 1 news that it was acquiring Syncreon, a North American and euro area specialized warehousing and distribution solutions provider, for an enterprise value of $1.2 billion.Although both acquisitions expand DPW’s logistics service offering into untapped North American and African markets, they are initially credit negative because they will result in DPW deviating from its commitment to reduce net debt/EBITDA (pre-IFRS 16) to 4x by 2022 from 6.1x as of year-end 2020.Based on our 2021...

July 12, 2021

Acquisitions diversify logistics footprint at the expense of deleveraging

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