Saudi Arabia seminar focuses on cybersecurity threats, money laundering

The 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia, hosted by Thomas Reuters, was held Monday in collaboration with the Saudi Arabia Institute of Finance. While addressing the opening session, Saudi Arabian Monetary Agency (SAMA) Vice Governor Abdulaziz Al Furaih highlighted that SAMA anticipates obtaining a full membership at the Financial Action Task Force in June 2018. Read More »

Medtronic unveils Valleylab energy platform in Dubai

Medtronic unveiled its Valleylab FT10 energy platform aimed at helping surgeons increase their efficiency when performing critical patient procedures during the Arab Health Exhibition and Congress in Dubai. The platform can determine and precisely deliver the level of energy required during delicate surgical techniques. The platform is expected to be available in Kuwait next month. Read More »

Upcoming World Islamic Banking Conference focused on sector's growth

The Islamic Research and Training Institute and Thomson Reuters will release a set of new studies and reports on the global Islamic finance sector at the World Islamic Banking Conference next month in Bahrain. The conference aims to explore investment opportunities in high-growth emerging Islamic financial markets in Central Asia, North Africa and the Americas. Read More »

Carlson Rezidor adds Muscat's Hormuz Grand to portfolio

Carlson Rezidor recently added the Hormuz Grand Hotel in Muscat, Oman, to the company’s luxury Quorvus Collection line of hotels. The Hormuz Grand boasts 231 guest rooms with iconic architecture and elegant amenities. Carlson Rezidor’s Quorvus Collection is the company’s new generation of “curated” luxury hotels, which must be opulent and inspired by the modern sensibilities. Read More »

Middle East's investment banks struggle in 2015 while mergers skyrocket

The Middle East’s investment banks recorded 22 percent less in fees over the first nine month of 2015 than last year says Thomson Reuters' quarterly investment banking analysis for the region. Thomson Reuters estimates Middle Eastern investment banking fees reached just above $480 million during the first quarter of 2015, which makes it the worst third-quarter total for the region. Read More »

Designed by Chicago firm, Saudi Arabia's Kingdom Tower will be world's tallest building

When construction is completed in 2020, the Kingdom Tower in Jeddah, Saudi Arabia -- at more than 3,281 feet -- will be the tallest building in the world.The building is a component of a new urban development project in Kingdom City. Kingdom Tower was designed by Chicago's Adrian Smith + Gordon Grill. It will cover over 5.7 million square feet and have more than 240 floors.  Read More »

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