BMG Economic Forum to be held at London Stock Exchange

The BMG Economic Forum will be held at the London Stock Exchange on July 26. The forum will cover different topics including geopolitics, dual listings, key growth sectors, Nomu market, SMEs, and the future of fintech.
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Updated 25 July 2022
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BMG Economic Forum to be held at London Stock Exchange

BMG Financial Group will host its annual Economic Forum focused on Saudi Arabia’s Vision 2030 at the London Stock Exchange on July 26. The forum will cover different topics including geopolitics, dual listings, key growth sectors, Nomu market, SMEs, and the future of fintech.  
Senior Saudi officials, prominent businessmen, CEOs and others are among the distinguished faculty of speakers for the forum. Speakers will include Dr. Nabeel Koshak, CEO and board member, Saudi Venture Capital Company; Abdulaziz Al-Ghifaili, UK international office director, Ministry of Investment; Al-Bader Foudeh, industrial development deputy minister, Ministry of Industry; Talaat Hafez, board member of Baa-Azeem Trading Co; Ali Alireza, managing director, Haji Hussein Ali Reza; Julia Hoggart, CEO of London Stock Exchange; and Cevdet Caner, CEO of Aggregate Holdings. In addition to them, Makarem Al-Batterjee, chairman of Gold’s Gym Arabia; Sekip Senturuk, deputy CEO of Baytur; Mohammad Shahin, CFO of Al-Shair Group; and Vittorio Rocchi, CFO of Sitaf Foods; are also going to be a part of the speakers faculty. The forum will also include a panel discussion on the offering of Saudi family businesses in the parallel market and its role in supporting the economy to achieve the Kingdom’s Vision 2030.

BACKGROUND

BMG Foundation has been bridging East and West through sport, music and art for more than 20 years. The vision of the foundation is to transcend differences through the common language of culture.

Basil Al-Ghalayini, CEO of BMG Financial Group, said: “We chose the London Stock Exchange to host our forum because it is the oldest exchange in the world, which will help to broaden our message and reach global investors to promote the promising inward investments into the Kingdom.”
On the night before the forum, BMG Foundation will host a classical music concert with the theme “Ears Around the World,” where East meets West, performed by the Royal Philharmonic Orchestra and conducted by William Walker. The G20 Orchestra musicians will showcase certain musical traditions of Saudi Arabia, aiming to strengthen the deep cultural connections between nations.
BMG Foundation has been bridging East and West through sport, music and art for more than 20 years. In a world that constantly reminds us of our differences and what sets us apart, the vision of BMG Foundation is to transcend differences through the common language of culture.


Jahez gives back to community with Ramadan initiatives

Updated 05 April 2025
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Jahez gives back to community with Ramadan initiatives

Jahez International Company, a platform that connects customers with restaurants through online orders, organized a series of community-driven and customer focused initiatives during March. These included strategic partnerships, exclusive collaborations, exciting competitions, and traditional celebrations, reflecting the company’s broader strategy to engage with its customers and support the community.

Recognizing Ramadan as a time that brings people together through shared values and traditions, Jahez implemented its March initiatives in a way that balanced its social impact in the community while engaging its customers. Each initiative launched during the period was selected to address different community needs while offering customers meaningful ways to celebrate the values behind the holy month.

Bader Al-Ajeel, chief executive of Jahez, said: “We at Jahez International are committed to creating long-term value through initiatives that strengthen our role as contributors to the Kuwaiti community. This Ramadan, we aligned our efforts through strategic partnerships and specific programs that support various causes and spread awareness, while also deepening our engagement with our valued customers. These initiatives are part of our broader roadmap for 2025 that integrates social responsibility into our operations.” 

Bader Al-Ajeel, CEO of Jahez International

During Ramadan, Jahez launched the “Jahazeyat Menu,” a special sharing box priced at 2.95 Kuwaiti dinars ($10). It included stuffed grape leaves, chocolate fudge, mahalabia, and a festive Gargee’an gift box. Customers could easily find it on the Jahez app under its own listing.

The company introduced a TV series called “Qafsha Show” for its partners. The series aired on KTV and online platforms and featured a different Jahez partner daily. Through the show, guests highlighted their Jahez-affiliated restaurants and the stories behind them, offering viewers a closer look at the people and passion driving local businesses.

Additionally, Jahez introduced its exclusive collaboration between doh! and Chef Sawsan Matbakhi, which introduced a new special menu item.

Jahez also distributed more than 4,000 iftar meals. The initiative was launched in collaboration with Zajel Kuwait, a local nonprofit organization. Additionally, the company participated in the “Longest Iftar Table” initiative, a renowned event held at Souq Sharq where people gather to break their fast.

Moreover, Jahez initiated strategic partnerships with four local charities, namely Direct Aid Charity, Balad Alkhair Society, Al-Waqf Al-Ensani Society, and Alnajat Charity.


Samsung MENA taps ChannelEngine to power growth

Updated 05 April 2025
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Samsung MENA taps ChannelEngine to power growth

ChannelEngine, a provider of marketplace integration and operation software solutions, announced its collaboration with Samsung Electronics MENA to streamline and expand Samsung’s presence across online marketplaces in the MENA region.

Samsung, a global technology leader, has long been at the forefront of innovation, delivering cutting-edge products and solutions to consumers worldwide. To further strengthen its marketplace presence and optimize integration with leading e-commerce platforms, Samsung selected ChannelEngine as its preferred integration partner. With a local presence in MENA and direct API integrations with Noon and other key regional marketplaces, ChannelEngine is uniquely positioned to support Samsung’s digital growth strategy.

With ChannelEngine’s advanced marketplace technology, Samsung MENA will seamlessly integrate its product catalog into key marketplaces, eliminating inefficiencies caused by manual processes. This integration will allow Samsung to maintain brand control, optimize product listings, and synchronize inventory, pricing, and order management across multiple marketplaces. By automating these processes, Samsung can improve operational efficiency, focus on scaling its marketplace business and increase revenue.

Niels Floors, vice president of strategic development and regional lead at ChannelEngine, commented: “Samsung is an industry giant with an ambitious e-commerce strategy, and we are excited to help them take their marketplace operations to the next level. Our local expertise in MENA, combined with our seamless integration capabilities, ensure Samsung can navigate the complexities of marketplace selling while optimizing their presence and revenue across leading platforms.”

Sabrina Wurfel, director of D2C at Samsung Electronics MENA, added: “As a leading technology company, Samsung is committed to delivering exceptional user experiences across all touch points, including our marketplace operations.”

By collaborating with ChannelEngine, we can seamlessly integrate with key marketplaces, optimize stock updates, reduce complexities associated with multi-platform management, and ensure a more cohesive e-commerce strategy. This partnership enables us to expand our presence across key markets in MENA, providing our consumers with a seamless and efficient shopping experience. Additionally, it allows us to combine our shared strengths and expertise to drive growth and innovation in the region.”


SABIC wins Edison Awards for innovations that are helping build a better world

Updated 04 April 2025
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SABIC wins Edison Awards for innovations that are helping build a better world

Despite the complex challenges on the world stage, SABIC continues to stand out with its innovative solutions for a sustainable future, creating solutions that benefit both humanity and business.

Honoring SABIC’s commitment toward innovation, the prestigious Edison Awards has recognized the company for an unprecedented six of its innovative solutions across three categories — Material Science, Green Energy Transition, and Clean Water, Food & Agriculture – demonstrating once again how innovation and collaboration remain core drivers of its growth strategy.

This is the fifth year in a row that SABIC’s solutions have been recognized by the Edison Awards, which honors the world’s most innovative new products, services, and business leaders.

SABIC won one gold, two silver, and three bronze awards.

In the Materials Science category, SABIC won four awards:  LNP WF0087N and WFB16NiQ compounds for smartphone middle frames that boost fire safety and signal performance; LEXAN LUX2289, the first ultra-white light-shielding material for headlight brackets; THERMOCOMP WFC061I, the first FR, laser-weldable thermoplastic for electric vehicle control units; and LNP ELCRES FST2734E, the first FST-compliant, sustainable, high-quality thermoplastic for railway interiors.

SABIC won an award each in the Green Energy Transition category for developing the world's first electrically powered steam cracking in partnership with BASF and Linde; and in the Clean Water, Food & Agriculture category for its unique, patented process that transforms by-product gypsum and CO2 into valuable agricultural products.

The company’s innovations are developed at its global network of innovation hubs, across the Middle East, Asia, the US and Europe.

Through these centers, SABIC develops groundbreaking technologies and market-focused solutions that address the world's evolving needs.  

With its TRUCIRCLE initiative, SABIC develops a variety of innovative applications used across the value chain.

The initiative encompasses the company’s circular materials and technologies, including certified circular polymers from chemical recycling of used plastic, certified bio-based renewable polymers, and more.

Moreover, SABIC is seeking to improve the overall sustainability of energy storage solutions enabled by its BLUEHERO initiative, which is designed to help accelerate the transition to electric power and support meeting global goals on climate change.

SABIC also emphasizes strengthened partnerships with Saudi universities through knowledge-sharing initiatives that build their capabilities and drive groundbreaking ideas.

For instance, SABIC and King Abdullah University of Science and Technology have collaborated to develop a new technology for metalizing plastics that eliminates the use of a chemical that is classified as a substance of very high concern by the EU.

SABIC Agri-Nutrients is also bringing differentiated bio-enhanced fertilizer products to the market.

Its portfolio includes biologically enhanced urea fertilizer powered by BiOWiSH, which has the potential for lower greenhouse gas emissions than conventional urea and for increased sequestration of atmospheric carbon dioxide into the soil.


Tumi unveils ‘19 Degree Lite’ luggage collection

Updated 02 April 2025
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Tumi unveils ‘19 Degree Lite’ luggage collection

International travel and lifestyle brand Tumi has introduced 19 Degree Lite, the latest — and lightest — addition to the world of high-end luggage. To celebrate the new collection, German-raised fashion entrepreneur and creative Xenia Adonts stars in the first chapter of the campaign, with chapter two starring global ambassador Lando Norris to follow later this spring.

The 19 Degree Lite collection reimagines hardside for the lighter — rebuilding Tumi’s icon from the bottom up with revolutionary lightweight materials and details. Every element — from its highly resilient Tegris construction to unique features like the low-density magnesium telescoping handle — was considered, tested and selected for lighter journeys. The globally assorted collection includes four sizes available in three core colors: Blush, Titanium Grey, Black Graphite, and two seasonal colors: Amber and Cobalt.

To introduce the collection, Tumi tapped Adonts for her first-ever global brand campaign. Directed by Keane Pearce Shaw and photographed by Emma Summerton, the campaign channels the feeling of lightness that comes with carrying the 19 Degree Lite collection. 

The campaign follows Adonts as she travels through the hustle and bustle of Mexico City with her 19 Degree Lite by her side. Together, they navigate the busy streets with a fluidity of movement that spotlights freedom and effortlessness that 19 Degree Lite delivers.

“19 Degree Lite was born out of our deep understanding of how Tumi customers travel — and our passion for perfecting their journeys,” said Creative Director Victor Sanz. “Every component was carefully considered, tested and selected for lighter journeys without compromising quality or performance.”

The result of this meticulous design is an effortlessly lightweight collection that allows our customers to move through the world with even greater ease.”

The new collection ranges in price from $795-$995. 

The 19 Degree Lite collection is available in Tumi stores worldwide and on the brand’s website. 


Dubai Humanitarian wins gold at Middle East and North Africa Stevie Awards

Updated 02 April 2025
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Dubai Humanitarian wins gold at Middle East and North Africa Stevie Awards

Dubai Humanitarian has won gold for “Innovation in Technology” in the nonprofit category at the Middle East and North Africa Stevie Awards. The recognition honors Dubai Humanitarian’s pioneering Humanitarian Logistics Databank, a digital platform transforming global aid coordination and delivery.

Developed to enhance emergency response efforts, the Humanitarian Logistics Databank is a first-of-its-kind platform that provides real-time visibility on lifesaving aid stockpiles across key humanitarian hubs, starting with Dubai, Italy, and Panama. Supported by customs authorities in each country, the platform streamlines aid operations, allowing response teams to quickly locate and mobilize critical supplies.

Giuseppe Saba, CEO and board member of Dubai Humanitarian, said: “We are honored to receive this prestigious award, our second Stevie Award for the Humanitarian Logistics Databank. When we created this platform in 2017, our goal was to enhance the way aid is prepositioned, managed and deployed, enabling a faster, more coordinated response to crises worldwide. Humanitarian aid is often lifesaving, and as a proactive member and host of the humanitarian community, we must continuously evolve to meet the urgent needs of those we serve.”

The Middle East and North Africa Stevie Awards celebrate innovation and excellence across industries, recognizing organizations that drive meaningful change through groundbreaking initiatives. Dubai Humanitarian’s achievement highlights the growing impact of digital transformation in the humanitarian sector, setting a new benchmark for efficiency and global collaboration.

Dubai Humanitarian, formerly known as the International Humanitarian City, is the largest humanitarian hub in the world. It was founded in 2003 by Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE and ruler of Dubai, to proactively support the efforts of the international humanitarian community.