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1811 - 1820 from 16578 . In "BUSINESS"
MOU signing between AIC Group and Bin Zayed Group
Vietnam’s AIC Group gains top recognition at 2021 biggest global tech event
DUBAI — GITEX Global in partnership with AI Everything announced Monday the winner of the most important award category at the world-renowned annual event. A trophy and the award certificate for Best AI Applications in National Digital Transformation was presented by Chief Strategy Officer of Forbes Ignite William Thompson to AIC Group President Nguyen Thi Thanh Nhan during the ‘Leaders in Data Science’ conference at the Dubai World Trade Center.With nearly 4,000 tech companies and over 450 speakers from more than 140 countries marking their presence to launch or showcase their big breakthroughs in Smart City, 5G, AI, Blockchain, Cloud and Edge Computing, Cybersecurity, Future Mobility, Fintech, Healthtech and more, GITEX x AI Everything 2021 is undisputedly one of the largest global...
October 18, 2021

Vietnam’s AIC Group gains top recognition at 2021 biggest global tech event

Saudi Central Bank releases draft of insurtech rules, invites opinions from public
RIYADH — The Saudi Central Bank (SAMA) has released the draft of insurtech rules to gather public opinion and to strengthen the principle of transparency.The move comes in line with the SAMA's continuous efforts to develop the insurance sector and to keep abreast with developments in the insurance industry in general and insurance technology services in particular, SAMA said in a statement.Supporting and enabling financial technology activities has led to the emergence of a number of Fintech companies and to the development of technology within insurance activities, the statement added.The draft rules aim to enable insurtech companies to execute their work in accordance with a regulatory framework that features flexibility of commitment, inclusiveness of organizational fundamentals...
October 18, 2021

Saudi Central Bank releases draft of insurtech rules, invites opinions from public

Wa’ed dedicated up to SR6.9 million in seed grants and a new VC fund to three Saudi entrepreneurs in Riyadh, the centre’s fourth roadshow stop held on Sunday night.
Wa’ed allocates up to SR6.9m in new seed grants and VC funds during Riyadh roadshow
RIYADH — Wa’ed, the entrepreneurship arm of Aramco, has dedicated a total financial aid of SR6.9 million to three Saudi-based startups, as the centre concludes its fourth roadshow stop in Riyadh after successfully completing its three previous stops in Jubail, Yanbu, and Jeddah over the last two months.The investment was divided between two seed-stage grants to be deployed after completing a final onboarding process and a single venture capital investment in a Saudi-based company. This reflects the unwavering commitment that Wa’ed has been upholding throughout the roadshow to fuel the development of the local startup ecosystem.Organized in partnership with the Small and Medium Enterprises General Authority (Monsha’at), the event featured three of the most promising startup sectors...
October 18, 2021

Wa’ed allocates up to SR6.9m in new seed grants and VC funds during Riyadh roadshow

Mark Zuckerberg
Facebook to hire 10,000 in EU to work on metaverse
PARIS —Facebook is planning to hire 10,000 people in the European Union to develop a so-called metaverse, BBC reported on Monday.A metaverse is an online world where people can game, work and communicate in a virtual environment, often using VR headsets.Facebook CEO Mark Zuckerberg has b een a leading voice on the concept.The announcement comes as Facebook deals with the fallout of a damaging scandal and faces increased calls for regulation to curb its influence."The metaverse has the potential to help unlock access to new creative, social, and economic opportunities. And Europeans will be shaping it right from the start," Facebook said in a blog post.The new jobs being created over the next five years will include "highly specialised engineers".Investing in the EU...
October 18, 2021

Facebook to hire 10,000 in EU to work on metaverse

Boucheron KSA Heritage room
‘La Maison’ immersive jewelry experience in Riyadh, Saudi Arabia
RIYADH — From Oct. 5 to Oct. 7, Maison Boucheron hosted La Maison, a stylish, visionary jewelry experience in Riyadh at Lakum Artspace, a place founded by Neama Al-Sudairi where fashion, design, art and gastronomy come together.As explained by Hélène Poulit-Duquesne, CEO of Maison Boucheron, La Maison Riyadh paid tribute to the values of the Kingdom of Saudi Arabia, which has been shaped by its heritage and its traditions."Middle East is a crucial region for Boucheron business-wise. While it is one of the regions in which we have been operating for the longest time — we are actually one of the oldest jewelers established there — it still represents a huge potential and remains a very important part of our customer portfolio.“We operate right at the very top of the market,...
October 17, 2021

‘La Maison’ immersive jewelry experience in Riyadh, Saudi Arabia

Abeer Alessa, founder and managing director of Bold Agency and member of the Chamber of Commerce ‘Advertising Committee’, and Jacob Benbunan, co-founder and global CEO of Saffron Brand Consultants, during the signing of the partnership deal.
Bold’s belief on Brand development
Abeer Alessa, founder and managing director of Bold Agency and member of the Chamber of Commerce ‘Advertising Committee’, and Jacob Benbunan, co-founder and global CEO of Saffron Brand Consultants, believe and truly recognize that for a brand to cause needful impact it has to have the right balance of art and science.While art works around attraction, relevance and differentiation. It alone can’t sustain or complete the brand, which needs a combination of communication, experience and time, to create and form that long-term relationship, they said in a joint interview. Following are the excerpts:Q1. Tell us a bit about Bold and the importance of brand development?Abeer Alessa: Bold came into existence in 2012 to break stereotypes regardless be it of the communication industry or the...
October 15, 2021

Bold’s belief on Brand development

IMC recognized as ‘Most Wired’ hospital
ANN ARBOR – The College of Healthcare Information Management Executives (CHIME) is pleased to announce that The International Medical Centerhas earned 2021 CHIME Digital Health Most Wired recognitionas a certified level 9.The CHIME Digital Health Most Wired program conducts an annual survey to assess how effectivelyhealthcare organizations apply core and advanced technologies into their clinical and business programs to improve health and care in their communities. “Digital transformation in healthcare has accelerated to an unprecedented level since 2020, and the next few years will bring a wave of innovation that empowers healthcare consumers and will astound the industry,” said CHIME President and CEO Russell P. Branzell. “The Digital Health Most Wired program recognizes the...
October 14, 2021

IMC recognized as ‘Most Wired’ hospital

Ehssan Doughman, CEO of 2P Perfect Presentation.
2P Perfect Presentation unveils new products in GITEX 2021
RIYADH — 2P (Perfect Presentation), one of the largest technology solutions providers for the state and private sectors around the region, announced its participation in the 41st edition of the GITEX Dubai Communications Exhibition and Conference, which will be held from Oct. 17 to 21, 2021.Introducing its own digital products and solutions in the exhibition as well as unveiling new ones are the main aims of participation of 2P which works to enable government sectors and companies to achieve their goals in digital transformation. The new digital products of the company would culminate 16 years of creativity and innovation in providing effective solutions in the technical field in the Kingdom of Saudi Arabia.GITEX (Gulf Information Technology Exhibition), specialized in the ICT sector...
October 14, 2021

2P Perfect Presentation unveils new products in GITEX 2021

 Bashar Al-Qunaibit.
SABB’s International remittances grow by over 50%
RIYADH - In its endeavors and consistent efforts to provide the best digital services to customers and take advantage of the state-of-the-art technologies, SABB has developed international transfer services through its digital channels, in partnership with the financial technology companies "MasterCard Send" and "Ripple ".Thus, the bank allows its customers to transfer funds instantly and securely to international beneficiaries, whether to bank accounts, electronic wallets, or via cash delivery to more than 30 international destinations. Now, SABB customers can transfer to more than 170 countries and use 38 different currencies.The improvements also included development of relations with correspondent banks to include delivery of remittances on the same day for the...
October 14, 2021

SABB’s International remittances grow by over 50%

Vitor Gaspar, director of the IMF's Fiscal Affairs Department,speaks in Washington DC on risks associated with debt.
Growing levels of debt associated with risks to financial stability: IMF’s Gaspar
WASHINGTON — The pandemic has led to an unprecedented increase in debt — issued by governments, nonfinancial corporations, and households the IMF estimated in the latest Fiscal Monitor report.In 2020 global debt reached $226 trillion and increased by $27 trillion, the IMF estimated Wednesday in Washington, DC.High and growing levels of public and private debt are associated with risks to financial stability and public finances, said Vitor Gaspar, director of the IMF's Fiscal Affairs Department.“According to preliminary estimates from the Global Debt Database, global debt by governments, households, and non-financial corporations reached $226 trillion.“That represents an increase of $27 trillion relative to 2019. Both the level and the pace of increase are record highs. We know...
October 13, 2021

Growing levels of debt associated with risks to financial stability: IMF’s Gaspar

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