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1901 - 1910 from 16576 . In "BUSINESS"
The Hotel Show Saudi Arabia 2021 in Riyadh from Sept. 7–9 will provide an essential platform to discuss and decide on the industry’s important changes and trends in person.
Hospitality leaders to share expert insights at Riyadh trade show
RIYADH — Saudi Arabia’s Vision 2030 economic diversification strategy is proving to have a positive effect on the hospitality industry, as a changing guest profile, major infrastructure projects, new lifestyle offerings and fast-emerging digital innovation are providing the impetus for a new hospitality landscape in the Kingdom.Things are starting to look up for hospitality and tourism, which is picking up the pieces from the devastation dealt by the COVID-19 pandemic. With Saudi Arabia reopening its borders to international tourists from Aug. 1, 2021, the Hotel Show Saudi Arabia 2021 in Riyadh from Sept. 7–9 will provide an essential platform to discuss and decide on the industry’s important changes and trends in person."Saudi Arabia's hotel pipeline growth as well as its...
September 06, 2021

Hospitality leaders to share expert insights at Riyadh trade show

Shaikh Nayef Bin Khalid Al Khalifa
Bahrain awards $3.4bn of tenders in first half of 2021
MANAMA, Bahrain — The value of tenders issued by Bahrain in the first half of 2021 has increased by 60% compared to H1 2020 as the country progresses with major projects across sectors, including infrastructure, transport, and construction.Bahrain awarded $3.4 billion worth of tenders in the first six months of the year, including 762 non-oil contracts worth $1.6 billion, according to new figures from the Tender Board. Aside from oil, the aviation sector secured the highest value of tenders at $476 million, followed by the construction industry at $413 million.The kingdom issued 1,070 tenders in the first half of 2021, 297 more than the same period in 2020. Chairman of the Tender Board, Shaikh Nayef Bin Khalid Al Khalifa said the Kingdom is pushing ahead with key projects across sectors...
September 06, 2021

Bahrain awards $3.4bn of tenders in first half of 2021

Jet fuel struggles: Asian demand lags so badly that Europe topped it for first time since mid-2010
OSLO — International aviation restrictions are still preventing jet fuel from recovering as fast as other oil products, a Rystad Energy analysis reveals. Most of the demand destruction seen in road fuels since the outbreak of the pandemic has now been reversed, and jet fuel has thus become by far the top laggard that is keeping total oil demand from recovering to pre-COVID-19 levels.Asian jet fuel demand in particular just slipped to below European levels for the first time since July 2010, a stunning setback as it had been about 50% ahead in January 2020.Looking at the total demand for oil products, much of the COVID-19 effect of 21 million barrels per day (bpd) destruction in April 2020 has been reversed, with July’s demand landing about 4.5 million bpd lower than its pre-pandemic...
September 06, 2021

Jet fuel struggles: Asian demand lags so badly that Europe topped it for first time since mid-2010

ACWA Power announces intention to float on Tadawul
RIYADH — The International Company for Power and Water Projects (ACWA Power), a leading developer, investor and operator of power generation and desalinated water plants worldwide, Thursday announced its intention to proceed with an Initial Public Offering (IPO) and list its shares on the Main Market of the Saudi Stock Exchange (Tadawul).The Capital Market Authority (CMA) on June 20, 2021, approved the ACWA Power’s application for the Initial Public Offering of 81,199,299 new ordinary shares, representing 11.1% of the company’s enlarged share capital.The final price at which all subscribers in the offering will purchase shares will be determined at the end of the book-building period.Founded in Riyadh in 2004, ACWA Power is a leading private developer, owner and operator of long-term...
September 02, 2021

ACWA Power announces intention to float on Tadawul

REDTAG Back to School
REDTAG launches zany and stylish ‘Back to School’ collection as schools reopen across KSA
RIYADH — REDTAG, the region's homegrown value fashion and homeware brand, has launched its ‘Back to School’ collection, to go with the resumption of in-person learning in schools across the KSA. In keeping with the positivity associated with students coming back to campuses, after an extended period of online classes due to pandemic concerns, REDTAG has pulled out all stops for the selections on offer.Heavy on leisurewear, jeans, tee shirts, sneakers, and colourful schools bags, the REDTAG ‘Back to School’ collection even features COVID appropriate masks, complete with catchy images and graphics. The collection also features selections drawn from the brand’s highly successful character-wear range of garments — a global trend that REDTAG has had great success with, by...
September 02, 2021

REDTAG launches zany and stylish ‘Back to School’ collection as schools reopen across KSA

OPEC+ nations agree to keep with gradual output increase policy
VIENNA — OPEC+ countries meeting on Wednesday decided to maintain their plans for a gradual increase in oil production.The oil ministers agreed to increase collective production by 400,000 barrels per day in October, keeping with their earlier commitments made in April 2020 and July 2021.The “high conformity” of member nations to these commitments was commended, with the attendees agreeing to reconvene next month.“Market fundamentals have strengthened and Organization for Economic Cooperation and Development (OECD) stocks continue to fall as recovery accelerates” amid the COVID-19 pandemic, read a statement by the group.OPEC+ and its allies are likely to carry on their plan to gradually return the massive amount of crude production and keep raising production by 400,000 barrels...
September 01, 2021

OPEC+ nations agree to keep with gradual output increase policy

Hamad Al Qasabi briefing the delegation on Suhar Industrial City.
Saudi business delegation explores investment opportunities in Suhar Industrial City
MUSCAT — A high profile Saudi business delegation visited Tuesday the Suhar Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates –Madayn, to explore the investment climate in the industrial city.Dr. Saleh bin Said Masan, undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and chairman of Madayn’s Board of Directors welcomed the Saudi business delegates and briefed them on Madayn’s mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.Hamad Bin Hamoud Al Qasabi, director general of Suhar Industrial City, informed the delegates that...
September 01, 2021

Saudi business delegation explores investment opportunities in Suhar Industrial City

PHOTO-2021-08-31-11-28-42_1
Trend Micro to launch its MENA HQ in Riyadh
RIYADH, Saudi Arabia — Trend Micro Incorporated, a global cybersecurity leader, Tuesday announced the launch of its Middle East and North Africa (MENA) headquarters (HQ) in Riyadh. This makes the organization the first global cyber security company to launch its regional headquarters in Saudi Arabia.A strategic footstep of this nature showcases the company’s commitment and its alignment with the Kingdom’s Vision 2030 in efforts towards building and empowering human capabilities in cooperation with the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP).To pursue its aspirations for a more digitally safe, and secure Saudi Arabia, Trend Micro will also set up a “Center of Innovation and Learning” at its HQ in Riyadh.This will comprise of an executive briefing center...
August 31, 2021

Trend Micro to launch its MENA HQ in Riyadh

Cristiano Rizzi, Managing Director and Partner BCG
Looking beyond the next oil boom: Opportunities for regional NOCs to diversify and reinstate future competitive advantages
By Cristiano Rizzi and Andreas KyrilisFor all the turbulence that the oil and gas sector has recently experienced, a period of prosperity and opportunity now beckons. In the aftermath of the COVID-19 pandemic, conditions are becoming ripe for a sizable oil price increase, with the coming two years set to witness this scenario unfold.Now that national vaccination programs are progressing, there is high potential to not only unlock substantial oil demand in key areas of the economy but also propel demand growth to the highest levels ever recorded — presenting National Oil Companies (NOCs) with an opportune moment to diversify and capitalize on their competitive advantages.As with any commodity, ensuring supply and demand remain balanced is essential for oil price stability. However,...
August 29, 2021

Looking beyond the next oil boom: Opportunities for regional NOCs to diversify and reinstate future competitive advantages

TJS Studysteps Virtual Education Fair 2021 – STUDY IN MALAYSIA
TJS Studysteps Virtual Education Fair is Malaysia's most credible and trustworthy higher education platform. For nearly a decade, the exhibition has served as a unique platform to link prestigious schools and prospect students with the best of Malaysia's Top universities and colleges.The TJS Virtual Education Fair is going to held virtually consecutively two-days giving college and university representatives the opportunity to meet some of the brightest students from the most progressive and prestigious schools. There will be ample time provided for one-on-one discussions between college representatives and potential students – and even their parents. Attendees can register themselves. All they need to do is to visit www.malaysianedufair.com.The Participating universities are:...
August 27, 2021

TJS Studysteps Virtual Education Fair 2021 – STUDY IN MALAYSIA

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