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1951 - 1960 from 16577 . In "BUSINESS"
oundation Holdings, a leading healthcare and education-focused investment firm, announced its strategic majority investment in a leading Jeddah-based primary healthcare chain Shifa Al Munthaza Polyclinic (SMP).
Foundation Holdings investment in Shifa Al Munthaza Polyclinic to positively impact health care in Kingdom
JEDDAH — Foundation Holdings, a leading healthcare and education-focused investment firm, announced its strategic majority investment in a leading Jeddah-based primary healthcare chain Shifa Al Munthaza Polyclinic (SMP).The investment into the healthcare sector of Saudi Arabia will support Foundation Holdings’ and SMP’s shared objective of positively impacting the Kingdom’s health care.Foundation Holdings will use the investment to consolidate the fragmented primary care market and provide quality, affordable value-based healthcare in accordance with the Kingdom's Vision 2030 for healthcare.The acquisition marks Foundation Holdings' second healthcare investment in Saudi Arabia and its 10th overall. Foundation Holdings has reserved SR250 million for initiatives in the...
July 11, 2021

Foundation Holdings investment in Shifa Al Munthaza Polyclinic to positively impact health care in Kingdom

The cybersecurity aspects of space travel and the threat that compromised infrastructure could pose to human exploration of space are looked at in detail in a new Kaspersky and Zayed University report.
Kaspersky calls for a greater focus on protecting space infrastructure from cyber threats
DUBAI — The cybersecurity aspects of space travel and the threat that compromised infrastructure could pose to human exploration of space are looked at in detail in a new Kaspersky and Zayed University report, ‘Cyber threat profile of space infrastructure’.Publication of the report comes as more and more countries are entering space, most recently the United Arab Emirates with its Hope mission. Leading academic institutions, like Zayed University, are playing an important role in developing the technological and human resources required to undertake missions such as Hope.Funded by the UAE Space Agency, Zayed University (ZU) has designed a Mars simulation chamber to study the red planet environment before manned missions. Additionally, ZU researchers have published spectral signatures...
July 10, 2021

Kaspersky calls for a greater focus on protecting space infrastructure from cyber threats

DP World announced an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe. — WAM photo
DP World broadens logistics reach in Africa with proposed acquisition of Imperial Logistics
DUBAI — DP World announced an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe. This will enhance DP World’s capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones. It will also significantly accelerate DP World’s transformation into an advanced logistics company offering end-to-end supply chain services to the owners of cargo. DP World’s cash offer of ZAR66 (South African Rand) per share implies an equity consideration of around ZAR12.7 billion (around $890mn). It represents a premium of 39.5 percent to the Imperial share price as of July7, 2021 on the Johannesburg Stock Exchange (JSE) and a 34.2 percent...
July 09, 2021

DP World broadens logistics reach in Africa with proposed acquisition of Imperial Logistics

The Saudi Fund for Development (SFD) has inaugurated the Saudi Radiotherapy Center for cancer patients at King Abdullah University Hospital, in the northern city of Ar-Ramtha, Jordan.
SFD inaugurates Saudi Radiotherapy Center in Jordan
RIYADH — The Saudi Fund for Development (SFD) has inaugurated the Saudi Radiotherapy Center for cancer patients at King Abdullah University Hospital, in the northern city of Ar-Ramtha, Jordan.The Center was inaugurated by SFD CEO Sultan Bin Abdulrahman Al-Marshad during his recent visit to the country and was funded by a $13.4 million grant from the government of Saudi Arabia through the SFD.The Saudi Radiotherapy Center will provide vital services to more than 1,200 cancer patients annually and will contribute to improving health care in the northern region of Jordan. It will also establish King Abdullah University Hospital as a center for excellence, especially in the treatment of cancer.Speaking at the inauguration, Al-Marshad said the Center would have a significant impact,...
July 08, 2021

SFD inaugurates Saudi Radiotherapy Center in Jordan

The King Abdullah Petroleum Studies and Research Center (KAPSARC).
KAPSARC working on developing index for Circular Carbon Economy
Saudi Gazette reportRIYADH — The King Abdullah Petroleum Studies and Research Center (KAPSARC) announced that it is currently working on developing an index for the Circular Carbon Economy (CCE), in addition to participating in a special project to address climate change.It was learned during a webinar entitled “Waste Management Innovations: Promoting Circularity and Preventing Plastic Waste Leakage’ organized by KAPSARC recently.Nearly 100 experts and specialists from SABIC, Saudi Investment Recycling Company (SIRC), the Center for Energy Studies at Baker Institute Public Policy, and the Consumer and Environmental Affairs in the European Union participated in the webinar exchanged expertise and ideas on dialogue on ways to benefit from plastic waste.Dr. Fahad Alturki, the vice...
July 08, 2021

KAPSARC working on developing index for Circular Carbon Economy

A record cash flow is brewing for the world’s public E&Ps in 2021 as US shale delivers super-profits
OSLO — With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows in 2021, a Rystad Energy report projects.Their combined FCF* is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.Rystad Energy estimates that total gross revenue for all public upstream companies is expected to increase by almost $500 billion in 2021, or 55% compared to last year (excluding hedging effects). At the same time, the investment level of these companies is only expected to grow by around 2% in 2021, resulting in significantly higher profits.A key reason for the all-time-high FCF is the turnaround in the US tight oil...
July 08, 2021

A record cash flow is brewing for the world’s public E&Ps in 2021 as US shale delivers super-profits

Thibault Werle, Managing Director & Partner BCG copy
Road to Vision 2030: Driving connectivity, innovation and job creation through an LEO satellite industry
By Thibault WerleThis past April, Saudi Arabia’s digital regulator, the Communications and Information Technology Commission (CITC), reaffirmed that satellites are integral to the Kingdom’s digital transformation in a dedicated webinar entitled ‘Fostering New Generation of Satellite Technologies in Saudi Arabia,’ with Low Earth Orbit (LEO) satellite technology investment of particular importance. And with connectivity, economic diversification, and job creation simultaneous priorities over the coming years, LEO satellites can drive success in these areas through their far-reaching capabilities.Situated approximately 50 times closer to Earth than Geosynchronous (GEO) satellites and backed by lower latency and greater coverage, LEO satellites can support innovation, present job...
July 08, 2021

Road to Vision 2030: Driving connectivity, innovation and job creation through an LEO satellite industry

Adel Belcaid, partner at Kearney Middle East
6 in 10 Saudi consumers expect to return to pre-COVID normality in the next 6 months
RIYADH — Alternative shopping options like Click & Collect, curb-side pickup (46%) and contactless In-Store experience like self-checkouts (27%) will be key to rebuilding Saudi consumers’ confidence to visit public places (stores and supermarkets) moving forward. This is according to a study commissioned by Kearney; the third in a series of surveys exploring consumer shopping habits since the onset of the pandemic.The results reveal that as spending habits continue to evolve, consumers in the Kingdom stay cautious, with 57% expecting the effects of the pandemic to last for the next 6 months. It also highlights that expenditure on essential items (which constitutes of food and grocery (F&B) as well as non-F&B items like health and wellness products) has shown a sustained increase with...
July 08, 2021

6 in 10 Saudi consumers expect to return to pre-COVID normality in the next 6 months

A clinical research hub in Bahrain is committed to help more pharmaceutical manufacturers from around the world enter the Gulf market by contracting with companies to carry out clinical trials in the region to recognized international standards thanks to the proactive health regulators in the kingdom.
RCSI Bahrain opens gateway to Gulf market for global pharma firms
MANAMA — A clinical research hub in Bahrain is committed to help more pharmaceutical manufacturers from around the world enter the Gulf market by contracting with companies to carry out clinical trials in the region to recognized international standards thanks to the proactive health regulators in the kingdom.The Royal College of Surgeons in Ireland (RCSI) Bahrain, a not-for-profit healthcare education and research institution, has established a clinical trials unit, and is supported by access to a strong ecosystem which includes, RCSI Ireland and Bahrain’s Ministry of Health (MOH) and National Health Regulatory Authority (NHRA).Through RCSI’s hub in Bahrain, approval for clinical trials which can take months in Europe may be given in weeks due to the NHRA being responsive to...
July 08, 2021

RCSI Bahrain opens gateway to Gulf market for global pharma firms

E-invoicing (FATOORAH)
The FATOORAH project is considered as one of the most important projects being implemented in the Kingdom and it is expected to produce a major positive impact on the Saudi economy.E-invoicing (FATOORAH)Implementation PhasesPhase 1 (Generation Phase), starting from December 4, 2021Phase 2 (Integration Phase), starting from January 1, 2023 and implemented in phasesE-invoicing (FATOORAH) Implementation Obligations3 steps for the first phase, starting December 4, 2021Stop issuing handwritten invoicesUse a compliant e-invoicing system that meets ZATCA requirementsEnsure that all the requirements of the tax invoice and the additional required fields are included
July 07, 2021

E-invoicing (FATOORAH)

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