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1821 - 1830 from 16578 . In "BUSINESS"
Saudi EXIM Bank’s membership in the Berne Union represents a major milestone in its role as a key facilitator of Saudi exports.
Saudi EXIM Bank joins Berne Union
BUDAPEST — The Saudi Export-Import Bank (Saudi EXIM Bank) has announced that it has officially joined the Berne Union, the leading association of the global export credit and investment insurance industry.The Bank’s membership in the union represents a major milestone in its role as a key facilitator of Saudi exports and reflects the growing capabilities and prospects of Saudi Arabia’s trade sector.The Saudi EXIM Bank’s inclusion in the Berne Union provides a unique platform to partner with leading institutions to address major issues related to the export credit industry. It is also in line with the Bank’s objective of boosting the export of national products through strategic partnerships with international and local financial institutions and organizations.Commenting on the...
October 13, 2021

Saudi EXIM Bank joins Berne Union

The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery.
The global supply chain nightmare is about to get worse
NEW YORK — Computer chip shortages, epic port congestion and a serious lack of truck drivers. The world's delicate supply chains are under extreme stress, CNN reports.The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery. Unfortunately, Moody's Analytics warns supply chain disruptions "will get worse before they get better.""As the global economic recovery continues to gather steam, what is increasingly apparent is how it will be stymied by supply-chain disruptions that are now showing up at every corner," Moody's wrote in a Monday report.Indeed, the IMF downgraded its 2021 US growth forecast on Tuesday by one percentage point, the most for any G7 economy. The IMF cited supply chain disruptions and weakening...
October 13, 2021

The global supply chain nightmare is about to get worse

International Monetary Fund (IMF) expressed “full confidence” in its Managing Director Kristalina Georgieva at the Washington meeting on Tuesday.
IMF's board approves allowing Georgieva to remain as head
WASHINGTON — The International Monetary Fund (IMF) expressed “full confidence” in its managing director on Tuesday in response to allegations that World Bank staff were pressured to change business rankings for China in an effort to placate Beijing.The IMF’s 24-member executive board said in a statement that its review “did not conclusively demonstrate that the managing director, Kristalina Georgieva, played an improper role” in the situation in her former role as a top official of the World Bank.“Having looked at all the evidence presented, the executive board reaffirms its full confidence in the managing director’s leadership and ability to continue to effectively carry out her duties,” it said.However it said the probe into possible misconduct by World Bank staff was...
October 12, 2021

IMF's board approves allowing Georgieva to remain as head

Gita Gopinath, economic counselor and director of the research department at the International Monetary Fund.
IMF lowering global growth projection for 2021 slightly to 5.9%
WASHINGTON — The International Monetary Fund (IMF) is lowering its global growth projection for 2021 slightly to 5.9 percent while keeping it unchanged for 2022 at 4.9 percent. However, this modest headline revision masks large downgrades for some countries the Fund reports in its World Economic Outlook released Tuesday in Washington, DC.“The global recovery continues, but momentum has weakened, hobbled by the pandemic. We have a slight downward revision for global growth for this year to 5.9 percent for next year, our projection remains unchanged at 4.9 percent.“The divergences in growth prospects across countries, however, persist and remains a major concern,” said Gita Gopinath, economic counselor and director of the research department at the International Monetary...
October 12, 2021

IMF lowering global growth projection for 2021 slightly to 5.9%

Tobias Adrian, IMF’s financial counselor and director of the Monetary and Capital Markets.
COVID-19’s lingering impact is fading optimism among investors: IMF
WASHINGTON — The International Monetary Fund (IMF) is warning in its latest Global Financial Stability Report that COVID-19’s lingering impact is fading optimism among investors, which could lead to financial tightening in the medium term, Tuesday.“Amid the prolonged and painful pandemic, financial stability risks have been contained so far. Financial conditions have eased since the start of the pandemic. This reflects the continuing monetary and fiscal support for the economy, which helped spur a rebound from 2020.“Yet the sense of optimism which had propelled markets in the first half of the year has faded somewhat,” said Tobias Adrian, the IMF’s financial counselor and director of the Monetary and Capital Markets.Key world economic policymakers are gathering in Washington,...
October 12, 2021

COVID-19’s lingering impact is fading optimism among investors: IMF

Blood
SIHF to hold Blood Donation camp
JEDDAH — Saudi Indian Healthcare Forum (SIHF) — Jeddah chapter is organizing a blood donation camp on Oct. 13t and 14 at International Medical Center (IMC).The event is planned to celebrate 75 years of friendship between India and Kingdom of Saudi Arabia and is conducted under the patronage of the Consulate General of India in Jeddah.The event will be inaugurated by Indian Consul General Mohammed Shahid Alam and the function will be presided by Dr. Walid Fitaihi — CEO, IMC.People interested to donate blood can register by calling 0545413277. The camp begins at 12:00 noon on Oct. 13 and extends till 8:00 p.m. on Oct. 14.
October 12, 2021

SIHF to hold Blood Donation camp

ACWA Power, a leading developer, investor, and operator of power generation and desalinated water plants worldwide, rang the market opening bell at the Saudi Stock Exchange (Tadawul) at 10:00 a.m. AST Monday.
ACWA Power rings the market opening bell at Tadawul in celebration of its successful IPO
RIYADH —ACWA Power, a leading developer, investor, and operator of power generation and desalinated water plants worldwide, rang the market opening bell at the Saudi Stock Exchange (Tadawul) at 10:00 a.m. AST Monday.After a highly successful offering in which the institutional tranche was covered around 248 times, and the retail investor tranche saw a coverage of 1989.96%, the company’s shares are now traded on the Main Market of the exchange under the ticker symbol ACWA POWER.The bell ringing ceremony was attended by Eng. Khalid Abdullah Al-Hussan, chairman of the Saudi Tadawul Group and.Mohammed Al-Rumaih, CEO of Saudi Tadawul Group, as well as Mohammed Abunayyan, chairman of ACWA Power, and Paddy Padmanathan, CEO of ACWA Power, alongside other leading board members and...
October 11, 2021

ACWA Power rings the market opening bell at Tadawul in celebration of its successful IPO

Bold and Saffron sign MoU to elevate brand offering in KSA
RIYADH – local powerhouse Bold Advertising Agency and global experts Saffron Brand Consultants announced on Sunday their partnership at an MoU signing event at Bold Agency’s headquarters office in Riyadh. The mandate of this new partnership is to set a precedent for the advertising industry to contribute to meeting the goals of the Vision 2030 in empowering local talents, ensuring knowledge transfer to the local industry, and positioning Riyadh as the region’s advertising and brand development hub. The event began with the signing of a memorandum of understanding (MoU) by Abeer Alessa, Founder and Managing Director of Bold Agency, and Jacob Benbunan, co-founder and global CEO of Saffron Brand Consultants. The executive teams of both companies were present, along with...
October 10, 2021

Bold and Saffron sign MoU to elevate brand offering in KSA

LuLu launched a charity initiative “Pink Now: Buy Green, Support Pink”, wherein one SR1 will be given to Zahra Breast Cancer Association for every purchase of a reusable bag across LuLu stores.
LuLu promotes reusable bags in breast cancer awareness campaign
RIYADH — Leading retailer LuLu launched a charity initiative “Pink Now: Buy Green, Support Pink”, wherein one SR1 will be given to Zahra Breast Cancer Association for every purchase of a reusable bag across LuLu stores.The campaign was inaugurated at Atyaf Mall, Yarmouk, Riyadh by Souad Bin Amer, deputy chairperson of Zahra Breast Cancer Association in the presence of, Hanadi Al Othah - CEO, Zahra Breast Cancer Association, Ahmed Aseeri, marketing & communication manager of Zahra Breast Cancer Association, Shehim Mohammed, director of LuLu Hypermarkets Saudi Arabia, and other LuLu officials.Mohammed said: “This is our fourth year in hosting a double-purpose charity initiative with Zahra, which has definitely raised awareness on caring for the environment through refusing, reducing,...
October 10, 2021

LuLu promotes reusable bags in breast cancer awareness campaign

Sameer Iqbal Lakadawala, Brand Head of REDTAG KSA.
REDTAG announces winners of raffle draw worth half a million riyals
JEDDAH — REDTAG, the region's favorite value fashion and homeware brand, has announced the names of 5,000 lucky winners of its Happiness Card raffle draw. The winners have received a Happiness Card worth SR100 each, redeemable at Jarir Bookstore, Panda, REDTAG, and Gaming.The winners were chosen from each of REDTAG’s stores across KSA. Happiness cards were sent out digitally via SMS and email to all the winners, along with details on how and where to redeem.REDTAG’s raffle draw was inspired by the success of its ‘Wear a Smile’ campaign, which saw the brand launch customer services that redefine the ‘value fashion’ segment; including anytime-anywhere exchange, personal stylists, size assistance, and free home delivery.Commenting on the raffle draw, Sameer Iqbal Lakadawala,...
October 10, 2021

REDTAG announces winners of raffle draw worth half a million riyals

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