GCC

Hyatt Announces Plans for Grand Hyatt The Red Sea in the Kingdom of Saudi Arabia

Wednesday, October 27, 2021 - 3:30pm

Grand Hyatt The Red Sea will be the second Grand Hyatt hotel in the Kingdom and the seventh Grand Hyatt hotel in the Middle East, marking an important milestone in Hyatts growth strategy in the region.

Key Points: 
  • Grand Hyatt The Red Sea will be the second Grand Hyatt hotel in the Kingdom and the seventh Grand Hyatt hotel in the Middle East, marking an important milestone in Hyatts growth strategy in the region.
  • Located in close proximity to the soon to be developed Red Sea International Airport, Grand Hyatt The Red Sea will be easily accessible from both international and regional markets.
  • The Red Sea Project is designed to set new standards in sustainability and expects to position Saudi Arabia firmly on the global tourism map.
  • Once open, Grand Hyatt The Red Sea will become the seventh Hyatt in the Kingdom of Saudi Arabia joining Park Hyatt Jeddah Marina, Club and Spa , Grand Hyatt Al Khobar Hotel and Residences , Jabal Omar Hyatt Regency Makkah , Hyatt Regency Riyadh Olaya , Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street .

Agtech Pioneer Pure Harvest Smart Farms Secures USD 64.5 Million in Growth Capital to Expand in MENASA

Wednesday, October 27, 2021 - 1:15pm

Pure Harvest Smart Farms (the Company), a leading sustainable technology-enabled agribusiness, today announced that it has secured US $64.5 million in growth capital to accelerate the Companys expansion and technology development efforts.

Key Points: 
  • Pure Harvest Smart Farms (the Company), a leading sustainable technology-enabled agribusiness, today announced that it has secured US $64.5 million in growth capital to accelerate the Companys expansion and technology development efforts.
  • They understand the market opportunity and the merits of our solutions, and IMM will bring tremendous value supporting our expansion into Asia.
  • Today Pure Harvest operates three (3) farms in the UAE with the Companys fourth and fifth projects under development in the Kingdom of Saudi Arabia and Kuwait, respectively.
  • Pure Harvest is not just a regional champion, but a pioneer that will take its solutions to scale internationally.

Edaa and Euroclear to launch new post trade link in Saudi Arabia

Wednesday, October 27, 2021 - 1:19pm

International investors will be able to settle domestically issued bonds via a direct nominee account in Edaa using their existing Euroclear accounts.

Key Points: 
  • International investors will be able to settle domestically issued bonds via a direct nominee account in Edaa using their existing Euroclear accounts.
  • This will follow Saudi Tadawul Group's market infrastructure enhancements including an improved framework for both primary and secondary market delivery vs payment (DvP).
  • The link, which will achieve greater interoperability within the market, is especially timely given the recent announcement of the Saudi Arabia inclusion to the FTSE Russell Emerging Markets Government Bond Index (EMGBI).
  • The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International.

Edaa and Euroclear to launch new post trade link in Saudi Arabia

Wednesday, October 27, 2021 - 1:18pm

International investors will be able to settle domestically issued bonds via a direct nominee account in Edaa using their existing Euroclear accounts.

Key Points: 
  • International investors will be able to settle domestically issued bonds via a direct nominee account in Edaa using their existing Euroclear accounts.
  • The link, which will achieve greater interoperability within the market, is especially timely given the recent announcement of the Saudi Arabia inclusion to the FTSE Russell Emerging Markets Government Bond Index (EMGBI).
  • The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/edaa-and-euroclear-to-launch-ne...
    SOURCE Securities Depositary Center Company (Edaa) ,one of Saudi Tadawul Group subsidiaries; Euroclear group

NEOM Tech & Digital Holding Company signs Oracle as first tenant of hyperscale data center

Wednesday, October 27, 2021 - 11:41am

RIYADH, Saudi Arabia, Oct. 27, 2021 /PRNewswire/ -- NEOM Tech & Digital Holding Company – the first holding company to be established as a subsidiary of NEOM – today announced Oracle as the first tenant of its hyperscale data center at NEOM. Oracle Cloud Infrastructure (OCI) will be hosted at the data center, providing a high-performing, resilient foundation for cloud services.

Key Points: 
  • NEOM Tech & Digital Hold Co. and EzdiTek sign joint venture to build and operate hyperscale data center
    RIYADH, Saudi Arabia, Oct. 27, 2021 /PRNewswire/ --NEOM Tech & Digital Holding Company the first holding company to be established as a subsidiary of NEOM today announced Oracle as the first tenant of its hyperscale data center at NEOM.
  • Oracle Cloud Infrastructure (OCI) will be hosted at the data center, providing a high-performing, resilient foundation for cloud services.
  • Nadhmi Al-Nasr, CEO of NEOM, said: "Establishing a hyperscale data center at NEOM represents a significant milestone and is the first step in creating NEOM as a new internet exchange point.
  • NEOM Tech & Digital Hold Co.'s digital infrastructure will be the operating system of NEOM, enabling its communities and industries.

NEOM Tech & Digital Holding Company signs Oracle as first tenant of hyperscale data center

Wednesday, October 27, 2021 - 11:39am

RIYADH, Saudi Arabia, Oct. 27, 2021 /PRNewswire/ --NEOM Tech & Digital Holding Company the first holding company to be established as a subsidiary of NEOM today announced Oracle as the first tenant of its hyperscale data center at NEOM.

Key Points: 
  • RIYADH, Saudi Arabia, Oct. 27, 2021 /PRNewswire/ --NEOM Tech & Digital Holding Company the first holding company to be established as a subsidiary of NEOM today announced Oracle as the first tenant of its hyperscale data center at NEOM.
  • Oracle Cloud Infrastructure (OCI) will be hosted at the data center, providing a high-performing, resilient foundation for cloud services.
  • Nadhmi Al-Nasr, CEO of NEOM, said: "Establishing a hyperscale data center at NEOM represents a significant milestone and is the first step in creating NEOM as a new internet exchange point.
  • NEOM Tech & Digital Hold Co.'s digital infrastructure will be the operating system of NEOM, enabling its communities and industries.

AXA Gulf adopts eBaoTech's Technology Enablement Platform to digitize fleet business across the region

Wednesday, October 27, 2021 - 7:00am

Following the completed acquisition of AXA's operations in the Gulf region by Gulf Insurance Group (GIG), AXA Gulf is currently in the process of becoming GIG Gulf.

Key Points: 
  • Following the completed acquisition of AXA's operations in the Gulf region by Gulf Insurance Group (GIG), AXA Gulf is currently in the process of becoming GIG Gulf.
  • As one of the largest multi-lined one-stop shop insurers in the Gulf region, AXA Gulf is embracing new technologies and concepts to create seamless and efficient user experiences for its customers and partners.
  • With the launch of its Fleet business, AXA Gulf has now become the first general insurer in the GCC region to automate processes of its Motor Fleet Business and greatly improve the connectivity with channel partners.
  • This digital transformation has allowed AXA Gulf to increase the volumes of new inquiries by 40% with a conversion ratio of 30%.

GCC Reports Third Quarter 2021 Results

Tuesday, October 26, 2021 - 9:10pm

GCC is a leading supplier and producer of cement, concrete, aggregates and constructionrelated services in the United States, Mexico and Canada.

Key Points: 
  • GCC is a leading supplier and producer of cement, concrete, aggregates and constructionrelated services in the United States, Mexico and Canada.
  • The Company has an annual cement production capacity of 5.85 million metric tons.
  • Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from the beliefs, projections and estimates described herein.
  • GCC assumes no obligation to update the information contained in this press release.

Metito Appoints Infor to Streamline Project Manufacturing Operations in the Water Industry

Tuesday, October 26, 2021 - 2:00pm

Metito has operations covering all facets of water management including design and build, specialty chemicals, and utilities.

Key Points: 
  • Metito has operations covering all facets of water management including design and build, specialty chemicals, and utilities.
  • The company has expanded rapidly in recent years and has operations in countries across Africa, Asia, and Eastern Europe.
  • Infor LN provides flexibility and suitability for the specialized needs of engineering in the water industry.
  • Technology partner Godrej deployed Infor LN across Metito's operations with the project taking about six months to complete.

C3, the Fastest Growing Global Food-Tech Platform Opens Citizens New York, The New Culinary Epicenter at Manhattan West

Monday, October 25, 2021 - 5:20pm

Additionally, Citizens will feature a central digital kitchen that will power C3's Go by Citizens digital culinary market in NYC.

Key Points: 
  • Additionally, Citizens will feature a central digital kitchen that will power C3's Go by Citizens digital culinary market in NYC.
  • Founded and led by visionary Sam Nazarian, C3 (Creating Culinary Communities) is the fastest-growing food-tech platform today.
  • Katsuya was originally opened in Brentwood, CA in 2006 and quickly gained a cult following of celebrities and industry elite alike.
  • Citizens New York at Manhattan West will serve as C3's first culinary market to open in the United States.