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Monthly Archives

March 2018

MOODY’S: SAUDI BANKS LIQUIDITY IMPROVES IN 2017

According to Moody’s which provides financial credit ratings, research, tools and analysis, domestic liquid assets in Saudi Arabia’s banking system ended 2017 at a record high of SAR 457 billion ($122 billion), despite subdued deposit growth and challenging business conditions. Assets grew 11 percent in 2017 and equaled 20 percent…

THE DUBAI INTERNATIONAL JEWELRY SHOW

Celebrating 21 dazzling years, this year’s VOD Dubai International Jewelry Show held at the Dubai World Trade Centre will be a treasure trove of the most beautiful collections of diamonds, pearls, gold, gemstones and watches from the world’s finest jewelry and design houses. This year’s show will feature more than…

SAUDI ARAMCO IPO

Reuters reported last month that Saudi Aramco is seeking to complete talks with strategic investors in China, Japan, South Korea and elsewhere before deciding where to list shares in an initial public offering (IPO). Crown Prince Mohammed bin Salman has suggested Aramco could be valued at as much as $2…

TECHNOLOGY’S IMPACT ON INDUSTRY

New technologies are shaping the future of industry. The “internet of things” is already at the heart of many industries. Batteries have the potential to alter the global energy sector as we know it, and connected cars are disrupting auto manufacturers and telecoms operators alike. These and other global trends…

SAUDI ARABIA’S ANTI-CORRUPTION DRIVE YIELDS OVER $100 BILLION IN FINANCIAL SETTLEMENTS

According to an official statement by Saud al-Mojeb, Saudi Arabia’s attorney general, financial settlements worth over SAR 400 billion ($106.7 billion) were reached with princes, government officials and leading businessmen detained in the kingdom’s recent crackdown on corruption. Assets included real estate, companies, securities and cash. Reuters quoted Saudi officials…

GCC RETAIL TRENDS

As an update to its GCC Retail Industry report in January 27, 2015, Alpen Capital’s May 2017 report presents a synopsis of the demand-supply dynamics of the retail industry across the GCC. The report also covers recent trends, growth drivers and challenges in the industry. According to the new Alpen…

SAUDI CINEMA: HISTORY IN THE MAKING

It’s not widely known that as recently as the 1970s there were cinemas in Saudi Arabia but the ultra-conservative clerical establishment persuaded the authorities to close them, reflecting rising Islamist influence throughout the Arab region at the time. However, in December of last year, Saudi Arabia’s Minister of Culture and…

COMPUTING’S HOLY GRAIL

Speaking at the IEEE Industry Summit on the Future of Computing in Washington D.C. on 10th November, Dario Gil, IBM Research VP of AI and IBM Q, announced the development of a quantum computer capable of handling 50 qubits (quantum bits), the largest and most powerful quantum computer ever built.…