Remittances from the GCC remain strong; 2018 expected to witness continued growth
Dubai, February 5, 2018: Xpress Money, one of the world’s most dependable money transfer brands, witnessed a 10% growth in its global operations in 2017. The growth was backed by new partnerships in crucial corridors, innovative solutions, and a global expansion in the Xpress Money agent network.
Xpress Money’s traditional corridors from GCC remained strong. From the UAE, Philippines, Pakistan, India, Bangladesh and Egypt, were the top remittance receiving corridors. Pakistan, Bangladesh, India, Philippines and Jordan received the highest remittances from Oman. The second quarter of 2017 witnessed the highest number of transactions owing to the month of Ramadan. In UAE, the second quarter saw the highest number of ......read more
Dubai, UAE, December 12, 2016: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, announced a pledge of USD875 million to support Burkina Faso’s National Program for Economic and Social Development (PNDES). The amount represents a significant portion of the IDB Group total pledge, which amounts to USD1.3 Billion.
The declaration of the contribution took place on December 07, 2016, during the Burkina Faso’s Development Partners Conference, which was organized in Paris.
In line with ITFC’s mandate to improve lives and enhance the welfare of its member countries, ITFC was keen to express its full support to Burkina Faso’s PNDES. The overall goal of the subject development plan is to achieve the required structural ......read more
Dubai, UAE, November 16, 2016 – L’Oréal has been voted as the most attractive employer for business students amongst Fast Moving Consumer Goods (FMCG) companies, in the UAE and KSA. Over 12,600 students, of different majors, from 43 universities participated in Universum’s “Most Attractive Employers Ranking” survey.
The survey offered comprehensive insights into students’ views on their future careers, prospect employers, in addition to what they consider as the most important factors in their employment decision. Amongst Business students, L’Oréal ranked as 8th most attractive employer across all sectors, up from number 9 in 2015. Whereas in KSA, Business students ranked L’Oréal as 8th most attractive employer, up from 11 in 2015.
The annual survey commenced in November ......read more
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A third of MENA poll respondents have resolved to work harder in the New Year, according to Bayt.com survey
Dubai, UAE, 27 December 2015: Professionals in the Middle East and North Africa (MENA) are looking forward to the New Year, according to the Bayt.com ‘Holidays in the MENA Workplace Poll’. The vast majority of respondents (79.6%) will be making career New Year’s resolutions. In fact, 30.4% of them have already resolved to work harder next year.
Feelings about 2016 are very positive: 38.7% describe their feelings as “very positive” and 33.2% as “excited”, compared to only 19% describing their feelings as “anxious” and 9.2% as “neutral”. 57.1% say that the new calendar year affects their levels of excitement towards work, while only 31% are “not affected at ......read more
Riyadh, November 16, 2015: Exceed IT Services, a leading regional IT service provider, has launched IBDAA, a remarkable nationalization initiative in Saudi Arabia and the Gulf.
The IBDAA campaign is an initiative that specializes in two areas: training and guiding national fresh graduates to launch a career in IT, and supporting local entrepreneurship efforts.
By providing hands-on business and technical training on enterprise technologies, Exceed will be helping trainees lay the groundwork for a successful career in IT.
Upon completion oftraining, top achievers will be encouraged to start their own company and complete an entrepreneurship track. All candidates will have earned the certifications and experience to land excellent jobs in a competitive market.
“There are a substantial number of nationals who are ......read more
Through its new regional office, Barco aims to further strengthen its position in the local visualization market and contribute to the country’s ambitious healthcare plans. Barco has been doing business in the KSA for almost three decades and was involved in various impressive projects for both the public and private sector. As part of its efforts to ensure the full satisfaction of its key customers such as MOH, MOI and Aramco, Barco has decided to expand in the Kingdom, starting with its new local office, to further improve its Saudi partnerships and services. The company is committed to contributing to the success of the KSA, one of the most imposing economies in the world.
Eyes on the future
During the opening ceremony, attendees were given an overview of Barco’s various projects in the Middle East. Highlights ......read more
25 October, 2015 - Abu Dhabi, UAE: Two new country-specific sessions have been added to the powerful programme for the 2016 Global Aerospace Summit, one of the world’s most influential gatherings of top-tier international aviation, aerospace, defence and space leaders, which will be held in Abu Dhabi next March.
The additions will see dedicated debates on the challenges and potential of the industries within Saudi Arabia (KSA) and Africa – two markets identified by the Summit’s advisory board as key growth territories.
“As the Arabian Gulf’s largest country with a high growth rate, KSA provides a lucrative opportunity for aerospace and aviation,” said Nick Webb, Managing Partner of Streamline Marketing Group (SMG), the Summit organisers. “The KSA session will cover key updates on the Saudi ......read more
Hiring in the Oil and Gas industry in KSA continues to decrease
The number of online job listings for Software Hardware and Telecom specialists increased by 58% in May 2015 in KSA compared to last year
The creative industry continues to lead the growth momentum, with an increase in demand for online jobs of 57% compared to last year
June 2015 : The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
“Saudi Arabia remains a strong market with increased growth across ......read more
Honeywell hosts its first ever Women in Leadership Forum in the Middle East
Abu Dhabi, United Arab Emirates: May 05, 2015: Honeywell (NYSE:HON) hosted its first-ever Women in Leadership Forum in the Middle East earlier this week as part of its ongoing efforts to bring more women into senior management roles and increase female participation in its regional workforce.
The event, which was held in partnership with New York University Abu Dhabi (NYUAD), was attended by Honeywell employees and students at the NYUAD Saadiyat Island campus.
Driving home the message that a diverse workforce featuring women in leadership leads to better outcomes for companies, the forum featured a lively moderated discussion featuring Kate Adams, the Fortune 100 firm’s Senior Vice President and General Counsel.
Speaking to the group ......read more
Saudi Arabia registers the highest long term growth in employment among all other GCC countries, according to data compiled by Monster Employment Index KSA
The creative industry (Advertising, Market Research, Public Relations, Media and Entertainment) maintains its top position with a 55% growth in job listings year on year
Oil sector registers a negative growth
The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
“Monster Employment Index KSA continues to ......read more
Fujairah, UAE: 11th December 2014 - Fujairah, one of the seven emirates that make up the United Arab Emirates, boasts a strategic location as the UAE’s only Emirate on East Coast connecting all the markets of the Arab Gulf Countries, the Middle East, Europe and East Africa, thus playing an integral role in the economic development of the country. The Port of Fujairah, which commenced operations in 1983, has embarked on a continuing process of enhancement to its facilities and range of functions to meet the rising demands of international trade. The range of services provided by the Port of Fujairah now includes: General Cargo – including Project Cargoes, Bulk Cargo – including aggregate exports, Wet Bulk Cargo – including Fuel, Oil, etc. for Bunkering and Trading, Port facilities, Container activity in additional ......read more
Riyadh – December 03, 2014: The magnitude and multi-modal scope of the Kingdom of Saudi Arabia’s (KSA) transport investment is creating huge and exciting project opportunities for developers, contractors, transport facility operators, and related industries. The value of the total announced transportation projects in the country currently stands at USD 81.6 billion, making it, along with the UAE, one of the top transport markets in the GCC and the region.
As an initiative to contribute to the development of this rapidly expanding sector and highlight the wealth of existing and future opportunities that the KSA and wider GCC have to offer, Riyadh Exhibitions Company (REC) is set to organize Saudi Logitrans 2015 – the International Exhibition for Transport, Logistics and Freight, from January 25 to 28, 2015 at the ......read more
DUBAI, November 26, 2014: The Hydroponic farming leader of MENA region, Pegasus Agritech has implemented the technology of soilless farming, to meet the food and water scarcity issues of the world today. The water situation in the Middle East is precarious. Many countries in the Middle East face problems of water shortage due to the semi-arid climate and an increasing demand created by population and economic growth. Middle Eastern countries like the United Arab Emirates, Yemen, Iraq and Saudi Arabia are facing distinctive problems that necessitate instant global attention.
Pegasus Agritech is supporting MENA region to attain maximum food security and increased fresh water supply, with a production technique which uses 90% less water than traditional agriculture. They grow crops hydroponically without the use of any pesticides or ......read more
Riyadh – November 15, 2014: Saudi Build 2014 – the 26th International Construction Technology and Building Materials Trade Exhibition, recently concluded its successful four-day run at the Riyadh International Convention and Exhibition Centre, with over 23,200 specialized visitors. The leading construction industry fair hosted over 850 exhibitors from 36 countries and played a major role in providing an ideal networking platform for industry professionals from the related fields to share and overview latest products, services and trends.
Held under the patronage of H.R.H. Prince Dr. Mansour Bin Miteb Bin Abdulaziz, the Minister of Municipal and Rural Affairs, and inaugurated by His Excellency Eng. Abdullah bin Abdul Rahman Al Mogbil, Mayor of Riyadh, Saudi Build 2014 was held concurrently with Saudi Stone-Tech 2014 – ......read more
Riyadh – September 11, 2014: Saudi Agriculture 2014, the 33rd international agriculture, water and agro-industry trade show, concluded yesterday (September 10, 2014) its four-day run at the Riyadh International Convention and Exhibition Center. Around 25,000 specialized local, regional and international visitors attended the event that hosted 350 exhibitors from 40 countries to showcase the latest industry products and technologies to the local and regional visitors.
Inaugurated by H.E. Dr. Fahd Abdulrahman Balghunaim, Minister of Agriculture, Kingdom of Saudi Arabia (KSA), Saudi Agriculture 2014 shed light on a variety of industry leading solutions and products represented under various categories, including agriculture building construction, animal health and production, finance and banking, machinery and equipment, chemicals ......read more
Riyadh – September 08, 2014: H.E. Dr. Fahd Abdulrahman Balghunaim, Minister of Agriculture, Kingdom of Saudi Arabia (KSA), inaugurated yesterday (Sunday, September 7, 2014) Saudi Agriculture 2014, the 33rd international agriculture, water and agro-industry trade show. Taking place until September 10, 2014 at the Riyadh International Convention and Exhibition Center, the leading exhibition gathers over 350 exhibitors from more than 40 countries to showcase the latest industry products and technologies to the local and regional visitors.
Saudi Agriculture attracted dignitaries, high-ranking government officials, private sector professionals, and key players from different segments of the regional agriculture sector during the opening, offering them a highly effective and successful networking opportunity. The event spots light on ......read more
Riyadh – 03 September 2014: To be held under the patronage of the Kingdom of Saudi Arabia’s (KSA) Ministry of Agriculture, Saudi Agriculture 2014, the 33rd international agriculture, water and agro-industry trade show, is all set to open on Sunday (September 7, 2014) at the capital’s Riyadh International Convention and Exhibition Center. The premier agriculture expo, which will run until September 10, 2014, will see the participation of 350 exhibitors from 40 countries.
Riyadh Exhibitions Company has partnered with Advanced Conferences & Meetings to organize the Saudi Agriculture Seminar Series, which will provide the ideal platform to discuss the current and future overseas agriculture investment business strategies for Saudi Arabia, how to improve the efficient use of available resources and addressing the ......read more
Leasing land abroad, corporate farming likely to increase investor appetite, Emirates Investment CEO says ahead of Agribusiness Outlook Forum
Dubai, UAE, 2 March 2014: Investments in research, science, and technology will lay the foundation for improved agricultural productivity, reduced waste and a healthier and safer food supply in the Middle East and North Africa (MENA) region, an investment expert has said.
Syed Tariq Husain, CEO of Emirates Investments Group in the UAE, said that robust investments in agricultural research and development from the public and private sectors are vital for the ongoing growth of the food industries in the region.
“Both public and private sectors need to identify research policies, choose the best technologies to improve productivity in a particular location, and develop investment ......read more
Investor appetites turn toward oil-rich states as aquaculture-related exhibition space more than doubles at AGRA Middle East
Dubai, UAE, 9 February 2014: Saudi Arabia and Oman are leading a fresh wave of investment in the Gulf’s aquaculture industry, as increasing regional fish consumption gives investors a big opportunity to capitalise on the fastest growing food processing sector in the Middle East.
In December 2013, the Saudi Arabian Ministry of Agriculture said it would inject an additional US$10.6 billion into aquaculture projects to produce one million tons of fish in the next 16 years, while Oman, which has long been at the forefront of aquaculture in the Gulf region, announced that it plans to invest US$1.3 billion in fisheries development up to 2020.
The UAE, which has the world’s largest sturgeon fish farm ......read more
Riyadh – September 05, 2013: Food and agricultural commodities currently account for around 15 per cent of Saudi Arabia's imports at USD 17.5 billion, as the Kingdom further emphasizes its position as the largest consumer market in the Gulf. Domestic food consumption is poised to increase by 9.75 per cent and mass grocery retail transactions by 11.7 per cent by the end of this year, so the share could rise even further. Looking forward, Saudi agricultural imports are expected to grow by as much as 76 per cent by 2016.
The Kingdom is investing around USD 12.3 billion in domestic agriculture projects and food security programs to meet growing local demand. Leading opportunities in such a thriving and dynamic agricultural market will be revealed at Saudi Agriculture 2013 - the 32nd International Agriculture, Water and ......read more
Riyadh – August 25, 2013: Saudi Arabia's food consumption is expected to grow by 4.2 per cent between 2011 and 2015, driven by factors such as rising income levels, population growth, lifestyle shifts, and a thriving domestic economy. The Saudi Government has already allocated around USD 15 billion for the agricultural sector this year for projects and initiatives aimed at meeting demand. It is also encouraging more rapport and collaboration between the public and private sectors to ensure that food needs are satisfied as the Kingdom – the Middle East's largest individual food importer and the largest market in the region for agro-food products and technologies – pursues its development targets through 2020.
Aimed at spurring dialogue, knowledge sharing and business among corporate and government entities, ......read more
Riyadh – July 28, 2013: The Kingdom of Saudi Arabia's agriculture and food sectors are expected to sustain a combined annual growth of 18.5 percent, driven by a rising population and strong consumer spending. Food sales in the Kingdom account for around half of the domestic retail market and are expected to be worth almost USD 70 billion by 2016. Industry players emphasize the need for platforms to discuss key issues, discover new business and investment opportunities, and interact with major stakeholders.
The upcoming Saudi Agriculture 2013 – the 32nd International Agriculture, Water and Agro-Industry Show and Saudi Agro-Food 2013 – The 20th International trade show for Food products, Processing and Packaging Technologies, will unveil the latest products, practices and techniques to meet the KSA's surging ......read more
OIC, IDB Pledge Support To Halal Middle East 2013 After Talks With ECS Chief
Sharjah, 15 Jan 2013-Aiming to speed up the achievement of the target of 20 per cent intra-OIC trade by 2015, two key Islamic organizations have decided to throw their weight behind a premier industry event that will be held in Sharjah this year.
During discussions with Mr Saif Mohammed Al Midfa, Director-General of Expo Centre Sharjah, senior officials of the General Secretariat of the Organization of Islamic Cooperation (OIC) and the Islamic Development Bank pledged their support for the second international Halal products exhibition and conference – the Halal Middle East — at Expo Centre Sharjah.
Following the successful organization of the first Halal Middle East that has given a new impetus to the Muslim world to grab the opportunities ......read more
Middle East's largest agricultural fair to unveil latest technologies & global best practices to meet escalating market demand
Riyadh – 12 September, 2012: Demand for agricultural products is swelling in Saudi Arabia, driven by a population boom, rising incomes, affluent lifestyles and a strong economy – the largest in the Gulf region. Recent studies reveal that KSA currently has around 34,997 hectares of organically planted land with sales of organic products expected to achieve 10 per cent annual growth, fueled by the increasing awareness among the local community about the advantages and diversity offered by organic farming. The study predicts organically planted land to form 5 per cent of the total planted area in the Kingdom.
Furthermore, Poultry consumption is expected to grow by 17.2 per cent to reach 1.6 ......read more
October 25, 2017 – Saudi International Petrochemical Company (SIPCHEM) is collaborating with DuPont Sustainable Solutions (DSS) to accelerate progress in improving process safety management.
“SIPCHEM has embraced strong principles related to safety, and is dedicated to protecting its employees,” said Ahmad A. Al-Ohali, CEO of SIPCHEM. “There is a strong desire ......read more
Al Habtoor Motors & REM (Refuse Equipment MFG Holding Co) hosted the largest Waste Management Industry event of the year at Ritz Carlton Hotel, Riyadh on 28th March 2017. Both Companies launched new products to meet the industry’s needs for efficiency and lowering costs in this demanding sector.
More than 325 refuse industry experts across the Kingdom participated in this ......read more
July 28, 2016 - A newly-formed strategic partnership between TAQNIA Cyber, a leading information security company in the Kingdom of Saudi Arabia (KSA), and Koenig Solutions, a leading IT training provider and the world’s number one offshore training company, is expected to result in the opening of a high-end cyber academy inside Business Gate of Riyadh City, the capital of the KSA. The ......read more
Globitel, a leading telecom and customer care solutions provider, announced the appointment of Mr. Nael Halawa as the Managing Director of Globitel-Saudi Arabia. This significant appointment came in recognition of Mr. Halawa’s administrative and technical expertise in the solutions and services provided by Globitel at the local and regional levels. His outstanding expertise was gained ......read more
Riyadh: October 12, 2015– H.E. Eng. Abdullrahman Bin Abdullmohsen Al-Fadhli, the Minister of Agriculture, the Kingdom of Saudi Arabia, inaugurated yesterday (October 11, 2015) the Saudi Agriculture 2015 in the presence of senior officials representing the sector. The 34th edition of Saudi Agriculture, the Middle East’s largest agricultural show, was organized by Riyadh Exhibitions Co. ......read more
THE BIZZ is one of the most important business awards in the world, given out to leading businesspeople in each sector that stand out for their business excellence. These same people foster the growth of the economy in their respective countries and throughout the world on a daily basis, thus making them examples to be followed.
This year, awards will be given out at three ceremonies: ......read more
24 February 2015 - The 9th International Defense Exhibition (IDEX 2015), the region's premier international defense event from (February 22, 2015) in Abu Dhabi. The Russian pavilion, which is organized by the State Corporation, Rostec, features more than 700 weapons systems and military equipment for the army, air force, naval forces and air defense command. Items on exhibit include: an ......read more
[UAE, 16th November, 2014] Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas reported today total Revenues of AED 1.24 billion and total Net Profit of AED 25.2 million for Q3 2014 ended September 30th ......read more
Kuwait: The importance of Safety in building design is coming into sharp focus across the GCC, which is currently in the midst of a building boom. The upcoming Safety Design in Buildings Conference being held at the Crowne Plaza hotel in Kuwait on September 15th, will turn the focus on vital topics affecting the construction industry in the region including: building design, evacuation, fire ......read more