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1 - 10 from 15651 . In "BUSINESS"
A view of Elizabeth Tower at the Houses of Parliament in London
Britain strikes biggest post-Brexit trade deal
LONDON — The United Kingdom has clinched its biggest trading deal since leaving the European Union three years ago, though critics say it pales into insignificance compared to Brexit losses.On Friday, the government announced Britain was joining the Asia-Pacific trade pact, known as the CPTPP, which includes Japan, Mexico and Australia.The UK economy will receive a 1.8 billion pound (2 billion euro) boost in the long run, with tariffs on goods such as cheese, cars, chocolate, machinery, gin and whiskey slashed, said the government.They expected the CPTPP to increase the size of the economy by a modest 0.08% in ten years.Brexit will reduce the UK's long-term potential economic growth by 4% in the long term, according to the Office for Budget Responsibility, which advises officials.The...
March 31, 2023

Britain strikes biggest post-Brexit trade deal

LuLu Consumer Experience Award.
LuLu honored with Excellence in Consumer Experience Award by Consumer Protection Association
The Consumer Protection Association has awarded LuLu Saudi Arabia the Excellence in Consumer Experience award. Khozama Hall in Riyadh hosted the award ceremony on Wednesday, March 15. Shehim Mohammed, Director of LuLu Saudi Arabia, received the award on behalf of LuLu Saudi Hypermarkets."We place our customers at the center of everything we do at LuLu. We strive to provide a memorable shopping experience and to exceed their expectations. Having been bestowed with this award demonstrates our commitment to providing exceptional customer service. "Thank you for this recognition by the Consumer Protection Association, and we look forward to continuing to serve our customers well," Shehim said.LuLu Saudi Arabia strives to provide the best shopping experience and customer...
March 30, 2023

LuLu honored with Excellence in Consumer Experience Award by Consumer Protection Association

Alibaba shares trading on New York Stock Exchange
Alibaba: China tech giant shares jump after breakup plan announced
NEW YORK — Shares of Chinese technology giant Alibaba have jumped after it announced a plan to break up the company.The firm says five of the six units created by the move will explore raising fresh funding and initial public offering (IPO) options.Alibaba shares gained more than 14% in New York on Tuesday and were more than 13% higher in Hong Kong on Wednesday.Its US-listed shares have fallen by almost 70% since 2020 on concerns over Beijing's crackdown on the tech sector.The move comes after reports that Alibaba founder Jack Ma, who has rarely been seen in public in the last three years, resurfaced in China this week after a long absence.Alibaba said the decision to split up the business is the biggest restructuring in its 24-year history.The units will have their own chief...
March 29, 2023

Alibaba: China tech giant shares jump after breakup plan announced

Saudi National Bank (SNB) has appointed Saeed Mohammed Al-Ghamdi as its new chairman.
Saeed Al-Ghamdi appointed as new SNB Chairman
RIYADH — Saudi National Bank (SNB) has appointed Saeed Mohammed Al-Ghamdi as its new chairman.Former Bank Chairman Ammar Al-Khudairy resigned on Monday “due to personal reasons,” the bank said.Talal Ahmed Al-Khereiji will serve now as the new SNB acting CEO, according to a SNB statement to the Saudi Stock Exchange (Tadawul).SNB said that the new changes will be effective from March 27. — SG
March 27, 2023

Saeed Al-Ghamdi appointed as new SNB Chairman

CST issues Saudi Internet Report showing traffic increase to 35 million terabytes
The Communications, Space, and Technology Commission (CST), a government entity established to lead and grow the Kingdom’s telecoms, space, and IT sectors, has published the Saudi Internet Report 2022, an account of the most accurate statistics on internet usage in the Kingdom.Covering the development of IT infrastructure, the report aims to enhance digital services in the public and private sectors, attract technical investments, and contribute to a thriving digital economy. Tracking daily internet usage across gender, age, and region, the report shows a growth in internet usage, with 49.4% of internet users spending 7 hours or more online each day, with some of the heaviest traffic occurring on Saturday.It also includes data on the Kingdom's growing internet penetration,...
March 27, 2023

CST issues Saudi Internet Report showing traffic increase to 35 million terabytes

Dallah Hospital Namar provides integrated health care for ENT patients
Dallah Hospital Namar in Riyadh is one of the most prominent Dallah hospitals for health services, as the hospital puts the needs of its patients in all social layers at the forefront of its priorities, as it works on a patient-centered approach, with a commitment to providing medical services in an effective manner, in order to live up to the aspirations of the patient and society in general.Dallah Hospital Namar is characterized by its inclusion of a group of medical cadres specialized in various fields of medicine, who are keen to provide health care services, in addition to the fact that the clinics and departments of the hospital are equipped with the latest high-tech medical devices, which provides integrated medical care for all patients.The hospital works hard to provide its...
March 27, 2023

Dallah Hospital Namar provides integrated health care for ENT patients

The failure of SVB earlier this month triggered fears about the stability of other lenders
Collapsed US lender SVB bought by rival
NEW YORK — The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares.The failure of SVB earlier this month triggered fears about the stability of other lenders, sparking sharp falls in bank shares around the world.In Europe, worries over the strength of Swiss banking giant Credit Suisse led to a rushed takeover by rival UBS.Markets have remained nervous, although bank shares opened higher on Monday.Shares Germany's Deutsche Bank fell by 14% at one point on Friday, before recovering some ground. As trading began on Monday they rose by about 3%.SVB was seized by US regulators earlier this month after a run on the bank, and its collapse was swiftly followed by the failure of another US bank Signature Bank.The demise of the...
March 27, 2023

Collapsed US lender SVB bought by rival

Zahra Breast Cancer Association renews MoU with Houston Methodist to achieve its strategic goals
Zahra Breast Cancer Association and Houston Methodist renewed their three-year memorandum of understanding that builds on a strategic partnership aimed at supporting cancer awareness campaigns and conducting symposia.Houston Methodist will provide educational content to increase awareness for early detection of breast cancer, partner with Zahra to host both social and scientific events, and participate in Walk for a Cause, all in support of Zahra’s efforts to empower communities in the Kingdom of Saudi Arabia to combat breast cancer.Dr. Suad Bint Mohamed Bin-Amer, founder and vice chairman of Zahra Association, said “We are pleased to renew this partnership with Houston Methodist, as it reflects our commitment to providing a broader range of health care services to our beneficiaries....
March 26, 2023

Zahra Breast Cancer Association renews MoU with Houston Methodist to achieve its strategic goals

Zamakhchary & Co. (Z&Co.), a prestigious leading law firm in the Kingdom of Saudi Arabia, has announced the official appointment of Jawahir Al-Subaie as partner and head of the corporate and commercial law practice. With over a decade of experience in private practice and in-house, Ms. Al-Subaie brings a wealth of expertise and knowledge to the Z&Co. team.
Jawahir Al-Subaie joins Zamakhchary & Co. as Partner
Zamakhchary & Co. (Z&Co.), a prestigious leading law firm in the Kingdom of Saudi Arabia, has announced the official appointment of Jawahir Al-Subaie as partner and head of the corporate and commercial law practice. With over a decade of experience in private practice and in-house, Al-Subaie brings a wealth of expertise and knowledge to the Z&Co. team.Al-Subaie’s extensive experience includes advising government and private sector clients on project development, complex data and technology transactions and projects, and strategic partnerships across the Middle East, Asia, Europe, and the U.S.Chariman of Z&Co., Monaji Zamakhchary, expressed his excitement over Al-Subaie’s addition to the team, stating, “We are excited to welcome Jawahir to the Z&Co. team. Her impressive track record...
March 26, 2023

Jawahir Al-Subaie joins Zamakhchary & Co. as Partner

Saudi King, Crown Prince inaugurate Ramadan campaign with massive donation toward Kingdom’s housing needs
Jood Eskan, Saudi Arabia's crowdfunding platform for home ownership, has launched a charitable campaign to raise SR 1 billion in donations during the Holy month of Ramadan. The campaign aims to break the record for the largest amount of online charitable donations raised in a month. Funds raised will support the country's efforts to provide housing for needy Saudi families.The Custodian of the Two Holy Mosques, King Salman, and Crown Prince Mohammed bin Salman, inaugurated the campaign on the first day of Ramadan by making two generous donations amounting to SR150 million. These initial contributions, given through the Jood Eskan platform, reinforce the leadership’s commitment to supporting all efforts and initiatives that provide housing for needy families.The Jood Eskan digital...
March 25, 2023

Saudi King, Crown Prince inaugurate Ramadan campaign with massive donation toward Kingdom’s housing needs

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