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FINANCE & ECONOMY

Expected sovereign sukuk issuances in 2019
February 21, 2019

Saudi Arabia issued domestic sukuk worth SR7.1 billion ($1.9 billion) in January and plans to issue international sukuk in the second half of the year. The Kingdom is also considering a debut savings sukuk for retail investors – in addition to the regular monthly domestic sukuk auctions that it started in July 2017.

• Qatar also already started issuing domestic sukuk in January (QAR4 billion, equivalent to $1.1 billion), but international"...

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Continental gets set for Mideast expansion
February 21, 2019

2019 is set to be a promising year for the premium German tire and technology company, Continental, with the opening of its first-ever office in Jeddah, Saudi Arabia. Aimed to expand company’s presence and strengthen its foothold in the region, the new joint venture project is in partnership with Continental’s previous distributer in Saudi Arabia, Almutlak Trade & Industries, and will support the growing demand for Continental’s products and"...

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Australia Emerges as a Leading Innovator for Agriculture 4.0
February 21, 2019

(AETOS Wire)-- Australia’s long and distinguished history in agricultural research is cementing its position as a global hub for agriculture and food technology.

Driven by a variety of climates and ecosystems, a stable and favourable business environment, and connectivity with the rapidly growing markets of Asia, Australia is capitalising on these"...

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Songtradr Acquires Leading Global Music Licensing Agency, Big Sync Music
February 21, 2019

(AETOS Wire) -- Songtradr, the largest music licensing platform in the world, today announced it has acquired Big Sync Music Ltd, the world’s leading full service, creative music licensing agency. Headquartered in London, with an APAC-focused team in Singapore and a North/South America-focused team in New York, Big Sync is the largest global music buyer of its kind. Music is sourced for local, regional and worldwide advertising campaigns on behalf of well-known brands, from Dove, Knorr, Magnum and AXE to Johnnie Walker, Samsung, Amazon and Lipton. Songtradr is the only fully-automated, open music licensing marketplace in the world, with over 400,000 artists and catalogs from 190+ countries, developing real-time data intelligence, such as the utilization of streaming and social metadata to guide the licensing experience. “Big Sync’s global footprint working with major international brands combined with Songtradr’s technology and our growing......

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Saudi Jabal Omar's 2018 revenue surges 245pc
February 20, 2019

Leading Saudi real estate group Jabal Omar Development Company, has registered a 245 per cent growth in its revenue for 2018 which soared to SR1.96 billion ($521 million) from the previous year's figure of SR568.83 million ($151.4 million).

The increase was mainly due to off-plan residential sales of SR1.2 billion besides a 28 per cent jump in its hotel revenue for 2018 and 60 per cent growth from its shopping mall revenue, said the company in a"...

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India, China prepare for Invest Saudi forums
February 20, 2019

Riyadh — India and China will witness the launch of Saudi-Indian and Saudi-Chinese business forums to be organized by the Saudi Arabian General Investment Authority (SAGIA) in cooperation with the Saudi Center for International Strategic Partnerships (SCISP) on the sidelines of the visit to these countries by Crown Prince Muhammad Bin Salman, deputy prime minister and minister of defense.

These forums will promote economic cooperation and consolidate"...

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Saudization to continue brisk pace, pay hikes of professionals in Kingdom highest in region
February 20, 2019

DUBAI: The Kingdom’s Saudization scheme will continue its brisk pace with professionals set to receive the highest pay hikes in the Middle East this year, a survey report from recruitment specialist Robert Walters said on Tuesday.
“Saudi national hiring has doubled in 2018 and we expect this trend will continue into 2019,” the survey added, with firms – encouraged by Saudi Arabia’s increase in total spend for the year – looking"...

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Saudi Arabia professionals to receive region’s highest salary increases in 2019
February 20, 2019

Professionals working in talent-squeezed Saudi Arabia will receive the highest salary increases in the region this year, according to a study from global recruitment firm Robert Walters.

Salaries in the Middle East will increase by 1 per cent on average, the company's Middle East Salary Survey 2019 found, while Saudi Arabia will see stronger salary growth at 2 per cent on average across"...

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India’s Tea Valley forays into ME Region
February 20, 2019

Tea Valley, an aggressively emerging tea brand from De Diet Chef India, debuted at GulFood 2019 marking its foray into to the Middle East market with the world’s widest ever range of tea blends for the international tea lovers, aimed at catering to a growing interest and trend towards specialty tea market in the region.

Tea Valley also hosts the Tea House zone at Gulfood 2019, which"...

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Spark Security Services Contributes to the Success of Asian Cup 2019
February 20, 2019

Spark Security Services, part of the Spark Group, expressed pride in their contribution to the success achieved by the UAE in organizing the activities and competitions of the AFC Asian Cup 2019.

Spark Security Services participated in different activities including the coordinating, planning, and mobilization of security and management personnel in four stadiums across Abu Dhabi and Al"...

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