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#101
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MOHE headquarters gets smart with new technology
RIYADH: The headquarters of the Ministry of Higher Education (MOHE) in Riyadh became the first governmental property in the Kingdom to use fully integrated smart technology. Johnson Controls has integrated all systems to a single platform, allowing users to benefit from its services, simultaneously creating a comfortable work environment that would reflect positively on all employees, while reducing energy consumption significantly. "We were one of the lead contractors that helped achieve this project while showcasing innovative products and high-level services. This project represents a new concept to elevate services in which technology can positively affect different aspects of human life, while increasing productivity," Basil Abdulaziz, managing director of Al-Salem Johnson Controls, said Monday. Al-Salem Johnson Controls (ASJC) is the Saudi Arabian arm of the multinational company, Johnson Controls. It is the global leader in delivering products, services and solutions that increase energy efficiency in buildings. Source: Arab news
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#102
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Your are mostly welcome any time
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#103
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Medeast retail industry shuns global instability
Saudi Arabia maintains key position in the top 20 destinations JEDDAH: Middle East markets are benefiting from the ongoing global economic instability as international retailers target economies with the best growth prospects and those least likely to be affected by austerity measures, the 2011 edition of How Global is the Business of Retail? by global real estate adviser CB Richard Ellis (CBRE) reported Monday. CBRE’s annual survey - now in its fourth year - mapped the global footprint of 323 of the world’s top retailers across 73 countries to identify trends in global retail expansion at national and local level. The report found that Middle East markets are attracting an increasing number of international retailers and are competing with established global retail centers, with Dubai climbing CBRE’s rankings to share the top position with London as the most targeted retail destination. Kuwait City and Riyadh also maintained key positions in the top 20 ahead of many established destinations. The United Arab Emirates placed second to the United Kingdom as the most highly penetrated global market, attracting 54 percent of all international retail brands surveyed. The UK maintained its position as the world’s most international retail market for the fourth year running with 58 percent, while the US made up the final position in the top three with 50 percent. Other Middle East countries fairing well in the study were Saudi Arabia (11th), Kuwait (14th), Bahrain (29th), and Qatar (30th). Attracting more than half (56 percent) of all international retail brands surveyed, Dubai now equals London as the most popular retail city in the world. With 1.2 million square meters of retail space having come on to the market since 2006, a wealthy consumer base, and very little competition from local retailers, Dubai’s stature as a key destination for international retailers has grown quickly. A further trend has been an influx of US-based retailers in the last 18 months. The Middle East continues to be a major target for international retailers. Following the large number of new entrants in 2009, the UAE fell back slightly in 2010 in terms of new store openings. However, this is relative to the high proportion of retailers already present in Dubai and retailers remain active in the region, with Kuwait (six new entrants) and Saudi Arabia (five) proving popular. Peter Gold, Head of EMEA Cross Border Retail, CB Richard Ellis, said: "Retailers are increasingly looking at markets where GDP has held up relatively well and where consumer spending is unlikely to be squeezed by austerity measures that have mostly affected Western European and North American consumers. Retailers from more mature markets are looking to emerging markets for new growth, as the scope to expand and generate strong returns in their domestic markets diminishes." Dubai is the top target for Asian retailers targeting markets outside their home region (22.9 percent) and is second only to London as the top target for American retailers, with 62.7 percent of those businesses surveyed present. Notably, these are the only two cities (outside of Asia) where more than 10 percent of Asian retailers have a presence, which reflects the fact that most Asian retailers have yet to leave their own region. Traditionally US retailers have been reluctant to adopt the retail franchise model that is commonly used in the Middle East; however, with limited opportunities for growth in their own markets, more retailers have taken the plunge and made inroads into the region, typically using Dubai as a springboard into the region’s other markets. Michael Leighton, senior retail consultant, CB Richard Ellis Middle East, said: "Historically, Dubai has been the entry city to the Middle East, but now retailers are looking to replicate their success in other Middle Eastern countries with a similar consumer base. Essentially this means a wealthy, well educated, and well-traveled population with a high propensity to use modern shopping malls. Kuwait and Saudi Arabia fit the bill, as does Abu Dhabi where two new shopping center openings is likely to make it a bigger destination for new entrants than Dubai next year. The recent unrest in the Middle East cannot be ignored, but it is unlikely that this will have any long-term impact on retailers’ desires to expand into the region." Dubai and London are followed in the top retail city rankings by the established markets of New York (44.3 percent of international retailers), Paris (43.6 percent), and Hong Kong (40.6 percent), which clearly still hold considerable global pulling power. The composition of the rest of the top 20 comprises a mix of traditional and emerging markets, providing an indication of how global the international retail business really is. International expansion remains a key strategy for retailers throughout the world, with 40 percent of new openings occurring outside the retailer’s home region. Even though the pace of expansion has slowed, with the overall footprint increasing by 2 percent compared with 4 percent in 2009 and 12 percent in 2008, some 21 countries saw five or more new retailer entrants last year. Gold further said: "Although the pace of growth slowed in 2010, retailers continue to grow their store networks in a wide range of international markets, targeting both mature and emerging countries. While it is clear that the globalization process is ongoing, two factors will limit the rate at which retailers expand in coming years. Firstly, a limited pipeline of new space in many markets will restrict access to prime retail locations, and as a result, more retailers may look to grow their business via online platforms rather than expanding their physical store network." Source: Saudi Gazette
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#104
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Saudi LPG exports up 30 percent
JEDDAH: Saudi Arabia’s exports of liquefied petroleum gas (LPG) such as propane and butane rose 30 percent in February from a year earlier, while exports of petroleum products fell, official data showed. LPG exports increased to 166,786 metric tons from 128,827 tons last year, according to data posted Monday on the Saudi Port Authority’s website. The Kingdom exported 39 percent more LPG from the previous month. Exports of all oil products, excluding crude, from Saudi ports fell 2.7 percent in February to 3.05 million metric tons from 3.14 million tons a year earlier. Meanwhile, April-loading fuel oil exports from Saudi Arabia currently stands at 350,000 tons, down from March’s 705,000 tons, partly due to planned refinery turnarounds in the Kingdom, traders said Monday. ExxonMobil sold up to 90,000 tons of high-viscosity 700-centistoke (cst) fuel oil for April 26-28 loading from the joint-venture Samref refinery in Yanbu, to Thailand’s PTT at a discount of around $16 a ton to Singapore spot quotes, on a free-on-board (FOB) basis, traders said. The oil major last sold a similar parcel, for April 12-14 lifting, to European trader Vitol at a discount of around $25.00-$27.00 a ton to Singapore spot quotes, FOB, down from around minus $17.00-$18.00 for an end-March lot previously. Joint-venture partner Saudi Aramco also sold 80,000 tons of its A961 180-cst grade, for April 8-10 lifting from its Ras Tanura plant, to Westport at a discount of around $2.00 a ton. Source: Saudi Gazette
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#105
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Al Tayyar Travel Group signs as general sales agent in Saudi Arabia for Globus family of Brands
Riyadh, 11 April 2011 - Al Tayyar Travel Group announced that they have signed as the General Sales Agent for the Globus Family of Brands. This is the first time that Globus Family of Brands has entered the Saudi Arabian market. Al Tayyar Travel Group is the ideal partner to access the Saudi travel and tourism market as their infrastructure and solid reputation reaches throughout the Kingdom. Dr. Fahad Al Jarboa, CEO Al Tayyar Travel Group said "It is a credit to Al Tayyar Travel Group that an established and global company such as Globus Family of Brands has chosen Al Tayyar Travel Group as their General Sales Agent for Saudi Arabia. We are proud to be associated with a company that can offer a large selection of high quality vacations to our customers in the region." He continued to add "This agreement will make it easy for the travelers in Saudi Arabia to book and pay for their vacations locally and will enable Al Tayyar Travel Group to build mutually successful business opportunities in the coming years." Globus Family of Brands, the world's largest escorted coach tour company which markets vacations under the Cosmos, Globus, Monograms and Avalon Waterways brands, has a strong presence in the Middle East including the UAE, the Kingdom of Bahrain, the Sultanate of Oman, Kuwait and have consolidated their market share in the region by partnering with Al Tayyar Travel Group in Saudi Arabia to focus on the outbound leisure travel segment. Kunal Shah, Business Development Manager - Overseas Markets for the Globus Family of Brands said "By establishing this relationship, our goal is to strengthen the Globus family of brands' presence in Saudi Arabia and increase outbound traffic on our various brands that offers numerous worldwide destinations." Al Tayyar Travel Group offers a full spectrum of services such as cargo services, car rental, insurance, hotel services as well as all travel and tourism within the Kingdom and abroad. Al Tayyar Travel Group has been able to achieve success due to its presence in all regions of the Kingdom and to the uniqueness of their services and because they respect and have the trust of its customers whilst always striving to provide them with the highest standards of quality and service. Source: Zawya
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#106
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Hyundai Heavy Industries completes gas power plant in Saudi Arabia
Hyundai Heavy Industries has announced the completion of building the world's largest gas-powered power station in Jubail, Saudi Arabia, Arab News has reported. The company built the $1.1bn power plant with an output capacity of 2,750 megawatts, which is equivalent to 10% of the kingdom's total power output. The contract was awarded by the utilities firm Marafiq in 2007 to an international consortium comprising Hyundai Heavy, the US-based GE and France's Sidem. Source: Ame info
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#107
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Saudi Integrated Telecoms gets regulator approval for IPO
Saudi Integrated Telecoms Co has received the stock market regulator's approval for the first initial public offering on the biggest Arab bourse this year to be completed in the second quarter, Reuters has reported. The firm will offer 35% of its shares, 5 million of which will be allocated to the General Organisation for Social Insurance, the capital markets authority said. Source: Ame info
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#108
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for men
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#109
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Women demand voting rights JEDDAH: A group of women has launched a website campaigning for the participation of women in municipal elections. The initiative, called "Baladi," has so far attracted over 2,000 members. Organizers say the campaign is independently run by women and has supporters from different parts of the Kingdom. They added that they want women to be able to participate in the running of municipal services due to the role they play in society in general. The campaign cites the important roles higher authorities are assigning women and also the achievements of Saudi women over the years. According to organizers, women have already taken up leading positions and thus should be able to participate in municipal elections. Women have now surpassed the traditional roles that they play, are able to lead in society and their achievements need to be protected, says the campaign. It adds that women should have the same rights that men enjoy based on international conventions that the Kingdom has signed. These rights include participation in the municipal elections, as it would improve women’s involvement in the decision-making process and combat the negative stereotypes about Saudi women being inactive and marginalized, the campaign says. A campaign was previously launched to push for the participation of women in the upcoming municipal elections, although it was unable to meet its goal. Different groups have called for the boycott of the elections including the Saudi Liberals group, whose motto is "No participation for women, no for participation in the municipal elections!" The group also said there were no convincing reasons behind the decision to ban women from participating in the elections and that this was discrimination and barred women from their right to vote, which is legal in Islam. The National Society for Human Rights has already refused to supervise the elections in protest. Source: Arab News
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#110
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Safco posts 19% in Q1 net profits
Saudi Arabian Fertilizers Co (Safco) reported a 19 percent rise in first-quarter net profit due to higher product selling prices it said on Tuesday, but its earnings missed analysts' estimates. Safco made SR833 million ($222.1 million) in the three months to end-March, compared to SR698 million in the same period a year earlier, it said in a statement on Saudi Arabia's bourse website. Analysts in a Reuters survey earlier in April forecast an average net profit of SR973.56 million. However net profit fell 19 percent from the fourth quarter of last year as sales volumes declined, Safco said on Tuesday. Gross profit for the quarter climbed 21 percent to SR775 million compared to the same period a year ago while operating profit jumped 22 percent to SR757 million, it said. Saudi Arabian Basic Industries Corp (SABIC) has a 42.9 percent stake in Safco. Safco's shares eased 0.8 percent to SR179.5 a share in earlier trading on Tuesday, underperforming Saudi's bourse slightly. The firm's earnings were released after the close of business on the kingdom's stock exchange. Source: Reuters
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