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FINANCE & ECONOMY

Cummins President and COO Rich Freeland Retiring
August 22, 2019

Cummins Inc. (NYSE: CMI) announced today that President and COO, Rich Freeland will retire after forty years of service with Cummins.

As part of Cummins’ successions plans, the following leadership appointments are also taking place, all of which are effective October 15.

  • Distribution President Tony Satterthwaite will succeed Freeland as President and COO.
  • Components"...

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AnitaB.org Welcomes New Executives to Achieve Ambitious Goal of 50/50 Tech Equity by 2025
August 21, 2019

Today, global nonprofit AnitaB.org announced that with its recent new hires it has fully staffed its Executive Team working on the ambitious goal of 50/50 intersectional tech equity by 2025. Three new hires join its executive bench to help achieve the company’s mission: Kety Maria Esquivel as Vice President of Marketing and Communications; Robert G. Read as Vice President, Business Development and Partnership Success; and Victoria Hughes as Vice President of People and Culture. The three new appointees will join CEO and President Brenda Darden Wilkerson’s leadership team as the non-profit tech women’s organization looks to expand its global reach and continues to improve its roster of AnitaB.org/365 programs that help women and underrepresented communities gain access and career opportunity......

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Andersen Global Enters Zimbabwe
August 21, 2019

Andersen Global announced it has signed a collaboration agreement with Chimwamurombe Legal Practice (Zenas) in Zimbabwe. Andersen Global has built a presence in over 14 African countries in just under two years.

Zenas was founded in 2015 and now has a team of 11 professionals who provide legal services to individuals, organizations, institutions and corporations. With a specialty of serving"...

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BAI Announces 2019 Global Innovation Award Finalists
August 20, 2019

BAI announced the finalists for the 2019 BAI Global Innovation Awards, the industry’s most prestigious awards program that celebrates transformative solutions in the financial services industry worldwide.

Now in its ninth year, the BAI Global Innovation Awards recognizes leading financial services organizations on a global scale. Through hundreds of applications, the Innovation"...

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Slate Asset Management Announces Minority Investment From Goldman Sachs Asset Management’s Petershill Program
August 20, 2019

Slate Asset Management L.P. (Slate), a leading alternative asset management platform with a focus on real estate and real assets, today announced a passive, non-voting minority equity investment from Goldman Sachs Asset Management’s Petershill program, creating a strategic relationship with one of the world’s leading investment managers and positioning Slate for future success. The transaction will have no impact on the control or decision making of Slate."...

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Acer’s Predator gaming range logs 52% growth on revenue
August 19, 2019

RIYADH – Acer Middle East has announced solid growth for its Predator range during H1 of 2019. Comprising of notebooks, desktops and monitors, Acer’s Predator gaming range recorded a 52% growth on revenue and 68% growth in volume, when compared to the same period last year. The leading technology provider saw a 46% increase on revenue in the Middle East across its gaming desktops and notebooks, and a 41% growth in volume.

The positive performance"...

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Saudi Customs raises efficiency in cooperation with Mashroat
August 19, 2019

RIYADH — Saudi Customs and the National Program to Support the Management of Projects in Public Entities (Mashroat) have signed a memorandum of understanding (MoU) appointing Mashroat as the enabling arm to support infrastructure projects.

Mashroat will provide consultancy services and technical support to manage the Saudi Customs’ construction projects and facilities, including 19 land ports, administrative facilities, seaports and other"...

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Tamannaah Bhatia inaugurates 26th showroom of Malabar Gold in Karnataka
August 19, 2019

JEDDAH — Malabar Gold & Diamonds, one among the largest jewelry retailers globally with a strong retail network of 250 outlets spread across 10 countries, launched its new showroom at Bannerghatta Road, Bengaluru last Aug. 16. This is the 26th showroom of Malabar Gold & Diamonds in the state of Karnataka, India

Leading Indian film actress and its brand ambassador Tamannaah Bhatia inaugurated the showroom at Bannerghatta Road situated near"...

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Jeddah International Education and Training Exhibition kicks off
August 19, 2019

JEDDAH — Jeddah International Education and Training Exhibition is inaugurating its 1st edition today (April 19) at the Jeddah Center for events and Exhibitions. Held under the patronage of Jeddah Chamber, the show will run until tomorrow (Aug. 21).

The first edition comes in line with the government of Saudi Arabia’s continued interest and support for the development of the general and higher education sector and the training and rehabilitation"...

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Saudi Re's net profit before Zakat surges by 203% in H1 2019
August 19, 2019

RIYADH — Saudi Reinsurance Company (Saudi Re), listed on the Saudi Exchange Market (TASI), recorded a net profit before Zakat of SR42.6 million in the six-month period ending June 30, 2019, an increase of 203 per cent from SR14.0 million in the same period last year.

The company achieved growth in operating results (the results of reinsurance operations) amounted to 2.9% in the first half of this year by SR8.0 million compared to SR7.8 million"...

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