Saudi Gazette/ BUSINESS

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Monday September 28, 2020 / 11 , Safar , 1442

BUSINESS

1 - 10 from 13755 . In "BUSINESS"

September 27, 2020

Kerala's Diaspora Bond to be marketed in Gulf

NEW DELHI — The Kerala government’s Infrastructure Investment Fund Board, (KIIFB) has solicited participation by financial institutions outside India, including those in the Gulf, as lead managers for a Diaspora Bond aimed at building resilience against natural disasters in the state such as a devastating flood, which occurred two years go.The invitation for such participation by tender envisages selection of two lead managers, one Indian and one international to act ...

The result of a new cooperation between Volvo Buses and Stena Recycling subsidiary Batteryloop is the extension of the bus batteries life.

September 27, 2020

Stena gives Volvo bus batteries a second life

LONDON — The commercial service lives of bus batteries are significantly extended and natural resources are conserved. That is the result of a new cooperation between Volvo Buses and Stena Recycling subsidiary Batteryloop. After the batteries are removed from Volvo’s buses, they are reused as energy storage units for a number of years, for instance in buildings and charging stations.“Volvo Buses is one of the pioneers in electromobility which provides ...

The kick-off meeting of this new committee was held virtually on Sept. 15, 2020 with the Subject Matter Experts (SMEs) nominated from GDA founding member companies.

September 27, 2020

GDA launches 10th Technical Committee on Digitalization

MANAMA — The Gulf Downstream Association (GDA) recently launched its 10th Technical Committee on “Digitalization” based on a key board objective to capitalize on and support members in the adoption of fast-evolving technologies.The committee aims to ensure that members have the necessary support and resources to adapt to the emerging IR4.0 technologies (e.g. Artificial Intelligence, Big Data Analysis, Augmented Reality, Machine Learning, Drones, 3D Printing, etc.) effectively and efficiently.This committee ...

Virgin Hyperloop develops test site in Nevada.

September 27, 2020

Virgin Hyperloop in deal to conduct hyperloop feasibility study with Bangalore Airport

DUBAI — Building on recent momentum in the Gulf region, Virgin Hyperloop, the category leader in hyperloop technology, today signed a Memorandum of Understanding (MoU) with Bangalore International Airport Limited (BIAL), operator of the award-winning Kempegowda International Airport, Bengaluru (KIAB/ BLR Airport).The MoU was exchanged virtually between Sultan Ahmed bin Sulayem, chairman of Virgin Hyperloop, and T.M. Vijay Bhaskar, IAS, chief secretary, government of Karnataka and Chairman of the Board ...

September 27, 2020

MENALAC partners with dmg events for Saudi Entertainment and Amusement expo

DUBAI — The Middle East and North Africa Leisure Attractions Council (MENALAC), the leisure and entertainment industry council representing the Middle East’s dynamic leisure attractions sector, announces a three-year partnership with dmg events for Saudi Entertainment and Amusement (SEA) expo as their official Knowledge Partner.The next edition of the Saudi Entertainment and Amusement (SEA) expo will be held from June 1-3, 2021 at the Riyadh International Convention and Exhibition Centre. ...

Hani Baothman, chairman of Sidra Capital.

September 27, 2020

Sidra Capital’s Mutajara USD Fund continues to show strong performance

JEDDAH — Sidra Capital’s US dollar-denominated Mutajara Fund has been successfully achieving its targets and is on course to deliver returns in excess of 6% for 2020, with no payment defaults or delays despite the challenging market conditions created by the global COVID-19 pandemic. The returns generated by the fund are superior to the USD money market return rate of 0.5% per annum.The Sidra Ancile Global Structured Trade Investment Fund ...

Dubai Chamber

September 27, 2020

Value of Dubai Chamber member exports up 7.4% in June-August 2020

DUBAI — Exports of Dubai Chamber members exceeded a combined value of AED45 billion between June and August 2020, marking a 7.4 percent increase compared to the March-May period during the same year.Over 151,000 Certificates of Origin were issued by Dubai Chamber over the last three months (June-August), an 11.7% rise from the 135,00 certificates issued during the three months prior (March-May).The average number of exporters over the three months ...

Wissam Khoury, head of international at Finastra

September 27, 2020

Finastra helps redefine the future of finance

DUBAI — Finastra has announced plans to deliver a range of initiatives which enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.Finastra and its customers are set to positively impact over nine million lives around the world, through technology and collaboration. Key areas of focus ...

SADAFCO employees celebrate the 90th year of Saudi National Day.

September 27, 2020

SADAFCO safely celebrates 90th Saudi National Day

JEDDAH — Saudia Dairy and Foodstuff Company (SADAFCO) celebrated the 90th year of Saudi National Day. Given the exceptional circumstances imposed by COVID-19, SADAFCO launched a series of hygiene regulated and social distanced initiatives for employees, to lift their spirits while preserving their health, safety and wellbeing.The celebrations kicked off with employees across the Kingdom receiving customized luxury chocolates, produced and packaged to the highest standards of hygiene. The treats ...

September 26, 2020

MEA remains highest risk region, with risk further intensifying in Q2 2020: GlobalData

LONDON — The overall regional risk score in the Middle East and Africa (MEA) region in Q2 2020 was 55.6, according to GlobalData’s proprietary Global Country Risk Index (GCRI).The risk score of the MEA region was higher as compared to the score of 48.8 in Q4 2019 because of the ongoing social conflicts and rising geopolitical tensions arising between various nations in the MEA region remaining an area of concern.Bindi ...

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