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FROM AROUND THE WORLD

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Four Seasons Hotel Riyadh at Kingdom Centre appoints Guenter Gebhard as new General Manager

Four Seasons has announced Guenter Gebhard as the new General Manager of Four Seasons Hotel Riyadh at Kingdom Centre. The appointment places Gebhard, a hospitality industry veteran with more than 25 years of experience, at the helm of one of Saudi Arabia’s most prestigious addresses.




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Rotana’s diverse offerings and growing hotel pipeline on display at ITB Berlin 2019

Reinforcing its commitment to catering to the evolving needs of German travellers, Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa, Eastern Europe, and Turkey, is participating in the 2019 edition of ITB Berlin, the world’s leading travel trade show running until 10th March at Berlin Exhibition Grounds in the German capital.




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DME sees 160% growth in forward trading

Yes. It’s true. Though quite unbelievable, the top ten global favorite tourist destination spots, Abu Dhabi at the Q4 Year ending 2018 saw a massive surge as the total amount of the tourists and hotel occupants rose to a record 1.50 million from 1.30 million in Q3 quarter.




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Abu Dhabi Hotel and Travel Industry boom surges Q4 revenues to touchdown at $490 Million

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, today announced a 160% increase year-on-year in trading activity on the exchange’s forward curve.

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BIAC, Simera Innovate launch JV to accelerate Industry 4.0 in Saudi Arabia

Nawaf Alsahaf, Chief Executive Officer of BIAC (right) and Johann du Toit, Chief Executive Officer of Simera Innovate, following the signing ceremony in Riyadh.




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Bahri reports revenue growth of 24% in fourth-quarter of 2018

Bahri, a global leader in logistics and transportation, reported a revenue growth of 24.2 percent for the quarter ending December 31, 2018. Total revenues grew to SAR 1.78 billion during the quarter, compared to SAR 1.43 billion during the same period in 2017.




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KPMG: Lower VAT threshold to increase taxpayer base in Saudi Arabia

The reduction of the value-added tax (VAT) registration threshold to SR 375,000 from January 1, 2019, will increase the taxpayer base by 150,000, estimates KPMG Al Fozan & Partners, the leading provider of audit, tax and advisory services in Saudi Arabia




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Incentive-Based Management

Business owners willing to invest in realistic incentives that reward achievements accomplished by managers and employees, reap the proceeds. The key to success is to: 1) set realistic goals and timeframes; 2) hold managers accountable for performance; 3) communicate measurement and reward methodology — then step back and let them perform.

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How to prepare for the revolution of artificial intelligence?

In one generation, artificial intelligence is expected to infiltrate almost every aspect of modern life. Andrew Howard , responsible for sustainable research at Schroders , examines some of the most significant changes that are likely to occur.




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BNP Paribas Wealth Management presents its convictions for 2019: focus on 10 investment themes

Good trend of economic growth and earnings, improvement in the stock market environment and easing political tensions underpin the 2019 investment themes selected by BNP Paribas Wealth Management strategists in the US, Europe and Asia to guide investors towards attractive opportunities.


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Emirates NBD recognized by world's enterprise data leader for delivering 'big data' regional first

Emirates NBD, a leading financial institution in the Middle East, is pleased to announce that it has received the “Best Big Data Implementation in Banking for Next Generation Analytics” Award from Infomatica, the world’s enterprise data management leader.




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Emaar records 30% growth in revenue to AED 17.390 billion (US$ 4.735 billion) and 28% increase in net profit in the first nine months of 2018

Emaar Properties PJSC (DFM: EMAAR) recorded a revenue of AED 17.390 billion (US$ 4.735 billion) in the first nine months of 2018, which is 30 per cent higher than the revenue of AED 13.351 billion (US$ 3.635 billion) during the same period in 2017,


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QNB brings SMEs together to promote e-Commerce

QNB, the largest financial institution in the Middle East and Africa, has recently organized a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop




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FAB launches AI analytics portal for merchants in partnership with Al-Futtaim

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new portal powered by Artificial Intelligence (AI) and Machine Learning tools to deliver advanced analytics to merchants. FAB piloted the solution with Al-Futtaim


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KPMG: Tech spending by MEA smart cities to double in the next 4 years

Annual technology spending by smart cities in the Middle East & Africa (MEA) region is expected to double from $1.3 billion to $2.7 billion in the next four years, according to KPMG's "The Rise of Smart Cities – Digital Transformation in the Public Sector" report.


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KPMG survey: 46% of consumers Worry About Identity Theft and Hacking of Credit Card Information

Five out of 10 consumers, globally, are anxious about identity theft, while 77 percent are totally against their data being sold on, according to a study released today by KPMG International.




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Building Company Value to Prepare It For Sale Independent Directors Influence Results

Valuing a company is the easy part; creating that value in the first place so you can measure it is a more formidable task. Determining value is more art form than science. True value can only be established at the time of a transaction, where willing buyer tenders payment and willing seller accepts it in exchange.


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The importance of corporate social responsibility: increasing the value of assets through commitment

At the global level, there is a growing need to better understand sustainability and long-term investment, which has made corporate social responsibility more important in companies. UBS Asset Management considers that in equity investments, both active and passive, and in investments with sustainability objectives, this type of action has been shown to have a favorable impact on business results .


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Bankia launches Índicex Social, a tool to measure the digitization and information transparency of NGOs

Bankia , in collaboration with the Fundación Lealtad and the Spanish Association of Foundations, launches Bankia Índicex Social, a self-diagnosis tool that allows associations and foundations to measure the level of communication and digitalization of their organization and analyze, in a simple way, their transparency information and presence on the Internet.


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The euro: a one-eyed king in the land of the blind

On Thursday of last week, the euro reached its maximum in the last eleven weeks, after benefiting from the weakness of the dollar to the change of expectations about the increases in interest rates in the United States. A sweet milestone that lost strength the same day after the announcement of the contraction of the French industrial production, which threw the euro to the minimum among the G10 currencies.


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NOOR BANK WHITE PAPER HIGHLIGHTS GROWING IMPORTANCE OF BLOCKCHAIN, E-COMMERCE IN UAE TRADE FINANCE LANDSCAPE

Blockchain has the potential to transform trade finance in the UAE with faster shipping and settlement as well as a reduction in transaction costs, according to a new report by Noor Bank, one of the leading Shari’a-compliant banks in the UAE.


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Thailand Sustains Focus on Business Environment with Four Additional Reforms

Thailand carried out four key reforms last year to improve business regulations affecting small and medium-sized businesses, says the World Bank Group’s Doing Business 2019: Training for Reform report, released yesterday.


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BNP Paribas strengthens its social commitment worldwide

BNP Paribas has signed an agreement with UNI Global Union on seven subjects relating to fundamental rights at work and the establishment of a global social framework.


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Morgan Stanley Advisor Joins Bolton’s New York City Office

Nicolas Schreiber has joined Bolton Global Capital's New York City office. Schreiber, formerly with Morgan Stanley, manages $180 million in client assets. His international clientele includes high net worth individuals and institutions based in the US, Europe and Latin America.


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Digital Theft: The New Normal

The digital theft of just under 100 million records stolen from both the Office of Personnel Management and Anthem pales compared to the revelation that at least 500 million Yahoo accounts have been compromised—though one might argue that the impact is just as significant.


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Q&A with Fullerton Markets CEO Mario Singh

Question #1: Hi Mario, congratulations on winning the coveted award for Research and Education in Asia Pacific. Could you tell us a bit more about Fullerton Markets?


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International Business Magazine names SeABank as Most Favourite Retail Bank Vietnam 2018

SeABank was felicitated as the Most Favourite Retail Bank Vietnam 2018 by International Business Magazine, a Dubai, UAE based publication. This prestigious award has been bestowed because of excellent service this year in the Retail Banking Sector.






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30,000 Ukrainian households benefit from EBRD’s energy efficiency programme

The EBRD-managed programme supporting energy efficiency in Ukrainian homes has reached a milestone of investing over UAH 1 billion (equivalent of over €30 million). More than 30,000 Ukrainian households took out loans from local commercial banks which participate in the programme to invest in green technologies for their homes; of those, over 20 thousand projects have already been verified as eligible for investment grants.

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