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1961 - 1970 from 16577 . In "BUSINESS"
Say hello to the new oil
Saudi Arabia takes a novel step towards fuelling prosperity in the region, and Maersk is delighted to play an early role.Allow us to introduce the Maersk Integrated Logistics Hub at King Abdullah Port.A 100,000-sqm. facility, providing logistics solutions for the petrochemical industry, this hub is the first of its kind in Saudi Arabia’s journey towards reinforcing itself as the gateway to trade between Asia, Africa, and Europe.An important milestone in our road map towards integrated logistics solutions to customers, this hub is just the head start Saudi Arabia needs as it climbs the ranks of World Bank’s Logistics Performance Index (LPI).Our solution makes your supply chain a winner with:• A strategic location 2kms from the port gates• Up to 50% faster order-to-loading...
July 07, 2021

Say hello to the new oil

Majid Al Futtaim and Lulu only Middle Eastern retailers in the list
DUBAI — Two retail giants from the UAE have made it to the world's top 250 most powerful retailers. International consultancy Deloitte's 'Global Power of Retailing 2021, has ranked the UAE-based Lulu Group and Majid Al Futtaim Holding among the powerful retail brands.Lulu Group — which operates hypermarkets and superstores across 10 countries — posted $7.4 billion revenues in the financial year ending 2019, achieving a compound annual growth rate (CAGR) of 5 percent. The UAE-headquartered Lulu has 210 stores across GCC, Egypt, India, Indonesia and Malaysia.While Majid Al Futtaim Holding group revenues reached $9.57 billion, it posted group net retail income of $7.65 billion with CAGR retail revenue of 6.5 percent, reveals Deloitte report.The list is led by US giants with...
July 06, 2021

Majid Al Futtaim and Lulu only Middle Eastern retailers in the list

OPEC and non-OPEC ministers postponed the oil output discussions on Monday, for the second straight meeting, as an oil output policy eluded the group.
OPEC+ abandons oil policy meeting as stalemate persists
RIYADH/MOSCOW — OPEC and non-OPEC ministers postponed the oil output discussions on Monday, for the second straight meeting, as an oil output policy eluded the group.The energy alliance had met via videoconference on Friday afternoon to decide on whether to keep output policy unchanged or to ramp up supply further. But the meeting was put off till Monday as the United Arab Emirates had balked at a proposed eight-month extension to output curbs. But Monday’s meet also was deadlocked.Energy Minister Prince Abdulaziz Bin Salman on Sunday had called for "compromise and rationality" to secure a deal after two days of failed discussions last week.The Minister said during an interview with Al-Alrabiya TV on Sunday that there is consensus among OPEC+ countries on extending OPEC+...
July 05, 2021

OPEC+ abandons oil policy meeting as stalemate persists

REDTAG, the region’s favorite homegrown value fashion brand, has launched a brand new collection across its entire range of offerings.
REDTAG launches new fashion and homeware collection to delight shoppers for Eid al Adha
DUBAI, UAE — REDTAG, the region’s favorite homegrown value fashion brand, has launched a brand new collection across its entire range of offerings, which will make perfect gifts for loved ones, and liven up celebrations for the entire household, during the upcoming Eid Al Adha festivities.From exquisite and inviting furnishings to embellish the home; alluring tableware to add style to your sumptuous feast; and elegant fashion for the entire family; the REDTAG Eid Al Adha collection has been curated with an eye to add a dash of magic, to this special time of the year.The REDTAG Eid collection for women features the perfect mix of subtle and extravagant, with satiny peach, shimmering pink, and gorgeous sequins, accessorized with clutches to match, and sophisticated footwear. For the...
July 05, 2021

REDTAG launches new fashion and homeware collection to delight shoppers for Eid al Adha

MAERSK
July 05, 2021

MAERSK

BETTER WAYS — The CMA CGM Group’s new signature
Building a more efficient, resilient and sustainable global trade is the strategic transformation driven by Rodolphe Saadé, chairman and chief executive officer of the CMA CGM Group.This new ambition is embodied by BETTER WAYS, the Group’s new signature. Drawing upon CMA CGM’s history and the core values that have supported its development for more than 40 years, the Group is launching a global communications campaign with a powerful key visual linking people, technology and the planet.A New Ambition For A New WorldA commitment to take action, BETTER WAYS is the promise of a renewed shipping and logistics offering that adapts constantly to customers’ needs. A promise that is built around five strategic pillars:• Further expansion in shipping powered by innovation for higher...
July 04, 2021

BETTER WAYS — The CMA CGM Group’s new signature

Supermarket chain Morrisons has agreed to a £6.3 billion ($8.7billion) takeover bid from a consortium of investment groups.
British supermarket Morrisons agrees to £6.3bn takerover
LONDON — Supermarket chain Morrisons has agreed to a £6.3 billion ($8.7billion) takeover bid from a consortium of investment groups. Last month, the supermarket group turned down an offer worth £5.5 billion from a different firm, saying it had significantly undervalued the business.Morrisons chairman Andrew Higginson said the new offer was fair, and the chain would "continue to prosper". The firm has nearly 500 shops and more than 110,000 staff in the UK.The offer, led by Softbank-owned Fortress, which has partnered with Canada Pension Plan Investment Board and Koch Real Estate Investments, will see shareholders receive 252p per share plus a 2p special dividend.The all cash offer is subject to shareholder approval. The offer represents a 42% premium on the Morrisons share...
July 04, 2021

British supermarket Morrisons agrees to £6.3bn takerover

OPEC+ puts off meet till Monday as deal eludes them on Friday
RIYADH/MOSCOW — OPEC and non-OPEC ministers finished Friday’s meeting without a resolution and they will meet again on Monday on oil output policy, CNBC reported.The energy alliance met via videoconference on Friday afternoon to decide on whether to keep output policy unchanged or to ramp up supply further.OPEC+ except for the United Arab Emirates agreed to an easing of cuts and their extension to the end of next year, according to Reuters citing an OPEC+ source. The UAE said the extension is conditional to revising its baseline production, Reuters reported.OPEC+ had delayed its ministerial meeting until Friday to hold more talks on oil output policy, OPEC+ sources said on Thursday, after the UAE blocked a plan for an immediate easing of cuts and their extension to the end of...
July 03, 2021

OPEC+ puts off meet till Monday as deal eludes them on Friday

Swvl launches its business in the Saudi market
RIAYDH – Swvl, an international Dubai-based tech startup extends its Mass Transit solutions for businesses to the Kingdom of Saudi Arabia, serving the corporate and business sector as a Saudi limited company.The Kingdom would be Swvl’s sixth market after its success across 9 major cities in the MENAP, Egypt, Kenya, Pakistan, Jordan, and the UAE, since its establishment back in 2017.Through this service, Swvl provides the best means of daily mass employee transportation, by customizing routes and destinations per different company requirements, to over 100 companies ranging from food and beverages, construction, oil & gas, textile, and education, to consumer electronics manufacturing, accounting, telecom, and mobile network operators alongside others.Alexandre Epure Swvl’s Regional...
July 01, 2021

Swvl launches its business in the Saudi market

Jeeny campaigns to ease blood donations nationwide
Jeeny joined forces with Wateen, the official app for blood donations supervised by the Saudi Ministry of Health, to ease transporting volunteers to donate blood in all centers across Saudi Arabia with massive discounts on fares.Earlier this June, Jeeny announced through its social media and influencers a 30% discount on rides from/to all blood donation centers in Saudi Arabia, highlighting the company’s dedication to its social responsibility locally. The code - named “Hayat” which translates to “life” - was available on the “International Blood Donor” day - June 14th, with “Aim to raise local awareness of the need for blood donations being a critical aspect of care and public health.” as Falah Aldaham Alonzy, General Manager of Jeeny said.“Being the first ride booking...
July 01, 2021

Jeeny campaigns to ease blood donations nationwide

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