Friday, December 4
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Day: November 5, 2020

‫مجموعة ريل آند سي تنال لقب “أفضل شركة وساطة متخصصة للخدمات المصرفية الخاصة في أوروبا”

Press Release
 جنيف ولندن، 5 نوفمبر/تشرين الثاني 2020 /PRNewswire/ — تفخر مجموعة ريل آند سي “REYL & Cie” بحصولها على لقب “أفضل شركة وساطة متخصصة للخدمات المصرفية الخاصة في أوروبا”، الذي تم الإعلان عنه اليوم في لندن بواسطة مجلة بروفيشنال ويلث مانجمنت “Professional Wealth Management” (PWM). وتقدر هذه الجائزة تقديرًا تميز المصرف في الاستراتيجية التجارية وخدمة العملاء في جميع أنحاء المنطقة. تم اختيار مجموعة ريل آند سي من قبل لجنة دولية من القضاة المستقلين وأعضاء فريق التحرير في مجلة بروفيشنال ويلث مانجمنت (PWM)، التي نشرتها مجموعة صحيفة فاينانشال تايمز “Financial Times“. سلط الحكام الضوء على عدد مديري العلاقات المتخصصين في تلبية احتياجات العملاء من مكاتبهم في جنيف وزيورخ ولوجانو ولندن ولوكسمبورغ ومالطا. تنشط المجموعة أيضًا في الشرق الأوسط وآسيا ...

‫شركة Deutsche Hospitality تعيد ترتيب هيكلها الإداري استعدادًا للتوسعات العالمية

Press Release
زيجفريد نيرهاوسيعود إلى الشركة في منصب نائب الرئيس للشرق الأوسط / وفوتيس فيكس يصبح مديرًا أول للعمليات وفنادق المنتجعات التجارية الدولية فرانكفورت أم ماين، 5 نوفمبر 2020 شهد يوم 3 نوفمبر 2020 تعيين السيد زيجفريد نيرهاوس كنائب جديد لرئيس الشرق الأوسط الجديد في شركة Steigenberger للفنادق ش.م./Deutsche Hospitality، وكان زيجفريد نيرهاوس قد سبق له تولي مسؤولية تطوير أعمال شركة Deutsche Hospitality في الشرق الأوسط بين عامي 2015 و2017. ويتولى السيد نيرهاوس هذا المنصب خلفًا للسيد تاراس إيتل الذي يترك العمل في شركة Deutsche Hospitality ليتفرغ لمهام جديدة خارج الشركة. وقد أعرب السيد ماتياس هيك عضو مجلس إدارة فنادق Steigenberger عن تقديره للدور الذي قام به إيتل قائلًا: “نشكر السيد تاراس إيتل على مساعدتنا في تأسيس شركة Deutsche Hospitality وعلاماتها التجارية في الشرق الأوسط”. “وب...

Bombardier Reports Third Quarter 2020 Financial Results, Provides Update on Transition to a Pure-Play Business Aircraft Company

Press Release
Total revenues(1) of $3.5 billion, lower by 5% year-over-year due to pandemic-related disruptions and divestitures; Business Aircraft revenues reached $1.2 billion on 24 deliveries, growing 10% year-over-year, driven by accelerating Global 7500 deliveries Total adjusted EBITDA(1)(2) of $176 million; $15 million of reported total EBIT(1)(2) Free cash flow usage(2) of $0.7 billion, continuing to target breakeven for the second half of the year; operating cash flow usage of $0.6 billion Pro-forma(3) liquidity(4) of ~ $3.0 billion, including $1.9 billion of cash on hand and $275 million from the recently closed sale of aerostructures business Sale of Bombardier Transportation to Alstom still expected to close in the first quarter of 2021 Transitioning to a pure-play business aircraft company...

Sinopec’s Fuling Shale Gas Field Sets New Production Record

Press Release
Daily Output of Sinopec’s Fuling Shale Gas Field Reaches 20 Million Cubic Meters CHONGQING, China, Nov. 5, 2020 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has recorded China’s highest ever daily output of shale gas at 20.62 million cubic meters in its Fuling Shale Gas Field in Chongqing, China. This shale gas project is an important gas source for the Sichuan-East gas pipeline, meeting the daily gas consumption of 40 million households. Sinopec’s shale gas field in Fuling is the first major commercial shale gas project in China, setting a new milestone in China’s energy resource industry and contributing to global shale gas development. Since the beginning of 2020, the Fuling shale gas field achieved full r...

MEBO International Attended CIIE for the Third Time

Press Release
SHANGHAI, Nov. 5, 2020 /PRNewswire/ — On November 5, 2020, the third CIIE was grandly opened in Shanghai. With the theme of “Regenerative World, Healthy Future,” MEBO International attended the event again. This year marks the third CIIE and MEBO International has been in the event for three consecutive years. The booth of MEBO International was located in the Hall of Medical Equipment and Healthcare Products. The Hall is the place where various worldwide healthcare products and technologies make their first appearance to the world, embodying here the hopes and pursuits of people towards a good and healthy life. At this year’s Expo, MEBO International showcased its star products including GI Regenerate containing multiple regenerative nutritional substances and ...

SYRIA’S ASSAD SAYS BILLIONS LOCKED IN TROUBLED LEBANESE BANKS BEHIND ECONOMIC CRISIS

General
Syrian President Bashar al Assad said billions of dollars of deposits held by his countrymen in Lebanon's financial sector that were blocked after a major financial crisis were a main cause of Syria's deepening economic crisis.Lebanese banks, fearing capital flight and grappling with an acute hard currency crunch, have since last year imposed tight controls on withdrawals and transfers abroad, drawing outrage from local and foreign depositors unable to access their savings. Assad said anywhere from $20 billion to $42 billion of Syrian deposits could have been lost in the once vibrant banking sector that held over $170 billion in foreign currency deposits. “This figure for an economy like Syria is terrifying," he said. “It's the money they put in Lebanese banks and we paid the pric...

Saudi Students Win Six Awards at Balkan Mathematical Olympiad

Education
Riyadh, Saudi students team won six international awards at the Balkan Mathematical Olympiad, which was held virtually during the period from 31 October to 05 November, 2020. The tally of international wins is about to reach 400 in all competitions during the past 10 years. The Kingdom of Saudi Arabia, represented by King Abdulaziz and his Companions Foundation for Giftedness and Creativity (Mawhiba), participated in the Balkan Mathematical Olympiad with a team that consists of six students. The students received 3,000 training hours under the supervision of distinguished national and international trainers. Saudi Arabia participates annually in the Balkan Mathematical Olympiad since 2010, except for 2013. Through its previous nine participations, Saudi Arabia has won 36 awards. The Bal...

Governor of Asir region launches the first International Conference on Technology in Neuroscience

General
Abha, Prince Turki bin Talal bin Abdulaziz, Governor of Asir region, has affirmed that the leadership of the Kingdom of Saudi Arabia always strives to be proactive in providing everything that contributes to preserving the health and value of the human beings. This came during the launch of the work of the "First International Conference on Technology in Neuroscience", through video communication, in the presence of the Minister of Health Dr. Tawfiq Al-Rabiah and the participation of a number of experts and specialists in neuroscience and artificial intelligence from Saudi Arabia, America, Italy, Britain, Switzerland, Russia and the United Arab Emirates, and it lasts for three days. The governor of Asir region thanked Princess Nujoud bint Hathloul bin Abdulaziz, Chairman of the Supreme S...

The Public Investment Fund (PIF) Invests Approximately $1.3 Billion in India’s Largest Retailer, Reliance Retail Ventures Limited

Business
Riyadh, The Public Investment Fund (PIF) announced today an investment for a total consideration of approximately $1.3 billion for an equity stake of 2.04% in Reliance Retail Ventures Limited (“RRVL”), India’s market leading at-scale physical retail business. This investment will further strengthen PIF’s presence in India’s dynamic economy and promising retail market segment. The investment in RRVL follows an earlier acquisition of a 2.32% stake in Jio Platforms, the digital services subsidiary of Reliance Industries. The transaction is in line with PIF’s strategy as a leading global investor with a proven track record of investing in innovative and transformative companies globally and develop strong partnerships with leading groups in their respective markets. India’s retail sector is o...

GCA to organize a seminar on achieving spending efficiency and economy sustainability in the public sector

Business
Riyadh, Marking the International Accounting Day, the Saudi Center for Financial and Performance Auditing (SCFPA) in General Court of Audit will be organizing a virtual seminar: "Achieving Spending Efficiency and Economy Sustainability in the Public Sector" on Tuesday, November 10, 2020 using Zoom Platform and GCA YouTube page. Dr. Salem Al Ghamdi, the Manager of SCFPA indicated that the Seminar comes as part of the mandate and responsibilities of GCA of which is auditing the performance of government agencies to ensure the efficient, economic, and effective utilization of their resources to enable them to achieve their goals. Dr. Al Ghamdi added that the Seminar will witness the participation of a number of specialists from inside and outside GCA. The Seminar will discuss, also, a group ...