- iMENA Group plans IPO with backing of PIF’s Sanabil
- Risks for Turkey’s economy despite stable credit rating
- Saudi Ports Authority Signs $53 Million Deal to Establish Logistics Zone at Dammam Port
- Gulf States Expand Tourism Footprint as Emerging Markets Gain Momentum at Arabian Travel Market in Dubai
- IMF urges Egypt to accelerate sale of state assets
- China’s Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
- Middle East and North Africa economic data
- First Abu Dhabi Q1 profit rises by nearly a quarter
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Manish Khot, the Head Chef at Hero Experiences Group, is a culinary innovator with a passion for crafting unique dining experiences that cater to diverse markets. With an impressive career journey marked by creativity and dedication, Manish has mastered the art of menu design, seamlessly blending local flavors with global culinary trends. His approach emphasizes not only exceptional taste but also a deep understanding of the evolving preferences of adventure travelers. In this Q&A session with Destination KSA, Manish discusses his career path, the inspiration behind his menu designs, emerging food trends, the challenges he faces, and his vision for…
The Society of Actuaries (SOA) will host the 2024 SOA Regional Symposium-Riyadh on 23-25 November in Riyadh, Kingdom of Saudi Arabia. The symposium provides an opportunity for actuarial professionals from the region to share ideas, network and build their skills. The SOA’s Middle East, Africa, and Pakistan (MAP) Committee helped plan thesymposium and this year’s theme is ‘Expanding Actuarial Horizons: Mapping Risk &Opportunity’. The symposium will open with presentations from 2024-2025 SOAPresident and Chair Amanda Hug, FSA, MAAA, and Greg Heidrich, SOA CEO, aboutopportunities for actuaries globally. Ali AlMisnid, Acting Executive Director, Policy andInternational Affairs, Insurance Authority (IA) will provide an overview…
ZCG to Launch Direct Lending, Private Equity, Private Credit, and Infrastructure Strategies Across KSA. Z Capital Group (“ZCG”), a leading privately held merchant bank, will embark on a strategic global expansion, focusing on new investment opportunities in the Kingdom of Saudi Arabia (the “Kingdom”). ZCG will introduce a direct lending strategy in the first quarter of 2025, focused on originating loans to small and medium-sized enterprises (SMEs) in the Kingdom. This strategy will focus on high-growth businesses with experienced management teams, and will offer a suite of scalable capital solutions, including secured term loans, revolving facilities, and mezzanine loans. In…
Global leading technology corporation FPT has signed a Memorandum of Understanding with THIQAH, a leading provider of smart business solutions in Saudi Arabia. This partnership aims to explore joint business opportunities and deliver advanced digital solutions to various industries in the Kingdom, supporting the nation’s ambitious Vision 2030 goals. The partnership signing ceremony was witnessed by Vietnam Prime Minister Pham Minh Chinh and senior executives from FPT and THIQAH. This strategic collaboration combines FPT’s global expertise in digital transformation with THIQAH’s local market knowledge and strong presence in Saudi Arabia. Together, the two companies will offer innovative, tailored digital solutions…
ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative (FII), a premier global platform that drives transformative investments and fosters international partnerships for sustainable economic growth. The investment accelerates the localization of Leshines capabilities in Saudi Arabia, further strengthening the Kingdom’s position as a vital player in sustainable global trade networks and supply chain operations. Five months ago, Lenovo and PIF-backed company Alat announced a strategic collaboration,…
Philip Morris International (PMI) has released promising results from a recent cross-sectional clinical study examining the impact of switching from cigarettes to the tobacco heating system (THS), commercialized under the brand name IQOS. The study was conducted in 37 healthcare institutions across six countries in Asia and Europe, in total, 982 adult participants were enrolled, split among 3 groups: current smokers, THS users, and former smokers. Participants were matched based on the product use history, age, region (Europe/Asia), and gender for evaluation of the study objectives. The study demonstrates significant differences in biomarkers of potential harm (BoPH) associated with smoking-related diseases in…
In an era where the demands of leadership continually evolve amidst rapid technological advancements and shifting global landscapes, the need for innovative thought and strategic insight has never been more critical. The upcoming KAFD Annual Leadership Conference 2024, in its second edition, aims to address these pressing issues by gathering some of the brightest minds from around the world, focusing on the frontiers of leadership and the transformative power of resilience and innovation in today’s environment. Leaders in different fields are facing tough challenges, requiring new ways of managing and collaborating. KAFD Annual Leadership Conference 2024 The second edition of…
FAM Foods partnered with the Kobe Beef Association to host an exclusive evening at the residence of the Japanese Ambassador in Riyadh. The occasion marked a deepening collaboration between Japan and Saudi Arabia, blending tradition with innovation. Fam Foods, in collaboration with the Kobe Beef Association, hosted an exclusive evening at the residence of the Japanese Ambassador to mark the introduction of halal-certified Kobe beef to the Saudi market. As the only authorized reseller of halal-certified Kobe beef in Saudi Arabia, Fam Foods underscored its role in bringing the world’s finest beef to the Kingdom. This landmark event symbolized a…
Ras Al Khaimah has achieved a milestone in its journey to becoming a leading destination to live, work, and explore. It has done so by securing the top position in a survey of the world’s best expat destinations, conducted by the largest global expatriate network, InterNations. The Emirate secured the number one spot out of 53 cities in the Expat Essentials Index, conducted by InterNations as part of its 2024 Expat Insider report. The Index consists of four categories: Admin (level of ease when it comes to getting a visa, dealing with local bureaucracy, and opening a bank account); Housing…
The SAL Saudi Logistics Services Company and Sela Company signed an agreement in Riyadh to launch the SAR4-billion SAL Logistics Zone, covering more than 1.5 million square meters within the Falcons City project north of Riyadh, reported the Saudi Press Agency on Tuesday. The initiative aligns with their joint efforts to boost strategic partnerships, support the logistics sector, and boost the Kingdom’s position as a global logistics hub in line with Saudi Vision 2030 and the National Transport and Logistics Strategy. The signing ceremony was attended by Minister of Investment Khalid Al-Falih, Minister of Transport and Logistic Services Saleh Al-Jasser,…