ADNOC joins MEIRA conference in UAE

Khaled Al-Zaabi Chief Financial Officer, ADNOC Group
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Updated 20 August 2024
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ADNOC joins MEIRA conference in UAE

ADNOC Group will be the main sponsor of this year’s Middle East Investor Relations Association conference to be hosted in Abu Dhabi on Dec. 11-12. ADNOC’s sponsorship is in support of the organization’s aims to promote best practice in investor relations and corporate governance across the region.

ADNOC’s listed subsidiaries will engage directly with analysts and investors at the conference, which includes a corporate access forum in response to strong interest in the region’s dynamic economies and capital markets.

Khaled Al-Zaabi, chief financial officer, ADNOC Group, said: “Through a series of successful, record-breaking IPOs and the growth of our listed subsidiaries, ADNOC Group has significantly contributed to deepening of the GCC equity markets in recent years.”

At the same time, MEIRA has played a positive role in enabling continuous development of robust capital markets, fostering excellence in corporate transparency, governance, and engagement. We are proud to support this important conference and MEIRA’s progressive agenda.”


Hikma and Saudi Gastroenterology Association elevate IBD care across KSA

Updated 17 September 2024
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Hikma and Saudi Gastroenterology Association elevate IBD care across KSA

Hikma Pharmaceuticals KSA announced the expansion of its strategic partnership with the Saudi Gastroenterology Association. A memorandum of understanding has been signed between the two entities to enhance the management and treatment of inflammatory bowel disease across the Kingdom through early intervention, multidisciplinary collaboration and public and patient education.

IBD is a chronic inflammation of the intestine characterized by severe stomach pain and diarrhea affecting nearly 5 million people worldwide. The main types of IBD are Crohn’s disease and ulcerative colitis. In Saudi Arabia, the prevalence of this disease has been increasing; as of 2012, the incidence was estimated at 0.94 patients per 100,000 individuals over the past 20 years.

The partnership will address the critical gaps in IBD management from the perspectives of both physicians and patients. Leveraging a multifaceted approach that includes a social media awareness campaign and comprehensive medical training programs, the initiatives have been designed to disseminate essential knowledge about IBD management to healthcare professionals, patients and the public. The medical training programs, accredited by the British Accreditation Council for Medical Education, have been offered to healthcare professionals across the Kingdom, including a specialized small intestinal ultrasound workshop, certified by the International Bowel Ultrasound Society.

Dr. Majed Almadi, president of SGA, said: “Our expanded partnership with Hikma marks a significant step toward enhancing IBD care across Saudi Arabia. Our initiatives are grounded in a patient-centric approach that not only focuses on but also enhances public awareness, improves diagnostics and treatments, and reduces the stigma associated with IBD.”

This collaboration is about empowering patients and providers alike with the knowledge and tools they need to manage this condition more effectively.”

Dr. Ma’moon Al-Araidah, general manager and vice president of Hikma in Saudi Arabia GCC, said: “As a leading provider of essential medicines in the Kingdom, serving patients and healthcare professionals for over 40 years, we are pleased to collaborate with the SGA through this strategic partnership promoting connectivity within our health communities. This multifaceted approach for IBD management represents a significant step forward for patients in the region living with this condition. We are confident that by raising awareness, empowering healthcare professionals, and fostering collaboration with government stakeholders, we are putting better health within reach to improve even more patients’ lives.”


Saudi Maritime & Logistics Congress returns for bigger, better 5th edition

The two-day event will bring together experts and specialists from the global maritime transport and logistics sector.
Updated 17 September 2024
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Saudi Maritime & Logistics Congress returns for bigger, better 5th edition

Reinforcing the significance of the Saudi Maritime and Logistics Congress in Dammam, which takes place from Sept. 18-19, several new speakers have been confirmed to the conference lineup, adding some heavyweight industry knowledge to the two-day program.

The event’s fifth edition is being held under the auspices of Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser, who will also make the keynote address on Day 1.

Additionally, Bahri CEO Ahmed Alsubaey, IMI CEO Abdullah Al-Ghamdi and Transport General Authority Deputy for Maritime Transport Essam M. Alammari are all now confirmed at the shipping and logistics conference and exhibition. The event will take place at Dhahran Expo and is free for industry to attend.

Also joining the prestigious speaker parade is Kaupo Laanerand, deputy minister for maritime and water affairs, Ministry of Climate, Estonia, and Poul Hestbaek, CEO, Folk Maritime.

Chris Morley, group director, Seatrade Maritime, the organizers of the event, said: “The high-profile speaker lineup is testament to the importance of this event in the shipping calendar. As the industry gathers in the Kingdom, it allows for attendees to listen and learn from industry experts and be part of discussions that impact many facets of this global industry.”

He added: “Our ultimate aim is to facilitate fruitful cooperation between the public and private sector entities that catalyzes growth for our industry.”

Over the course of the event, topics under the spotlight will include: Interconnected logistics and the supply chain of the future; Shipbuilding and repair; Digitization of maritime: The adoption of AI and machine learning; Offshore safety: The importance of maintaining world-class safety standards; and Energy transition for a sustainable future and workforce development.

The conference agenda will start with keynotes and an international virtual address from International Maritime Organization Secretary-General Arsenio Dominguez, as well as an industry keynote from ABS Senior Vice President Gareth Burton.

Saudi Maritime and Logistics Congress is being held with founding partners Bahri and Seatrade Maritime. With its main partners, The Saudi Ports Authority, known as Mawani, and the TGA, as well as strategic partners Saudi Aramco and IMI, the event expects more than 10,000 attendees from across 70+ countries; in addition to a record 200+ exhibitors and scores of local, regional and international speakers.

Alammari, deputy for maritime transport, TGA, said: “As we have seen from its progressive growth in attendance, which stood at an impressive 95 percent in 2023, Saudi Maritime and Logistics Congress has become a key regional forum for the exchange of ideas between the brightest and best the industry has to offer.

“From policy-makers to investors, industry professionals to academics, the strength of this congress is indebted to the diversity of its attendees. The participation not only of TGA, but of our partners in Mawani, Bahri, Saudi Aramco and others, is a strong signal that the Kingdom’s policy-makers and industry giants are committed to the important dialogue taking place over the direction of travel of shipping. All of these entities have helped to shape the agenda and attract the speakers we will hear from throughout the congress.”

He added: “Saudi Maritime and Logistics Congress is no longer a regional conference, but a global one, and it is TGA’s hope that it continues to grow.”

The TGA is working on an international level to advance cooperation with IMO member states to enhance global connectivity to the Kingdom.

Alammari said: “In 2024, Saudi Arabia ranked 16th globally out of 187 countries by the UN Conference on Trade and Development, reflecting the concerted efforts by the Kingdom to increase global maritime connectivity and capitalize on the Kingdom’s strategic location in line with the aspirations of Vision 2030. Saudi Arabia continues to develop the port of NEOM and NEOM’s Oxagon to be one of the world’s first fully integrated port and supply chain systems.”

The two-day event will bring together experts and specialists from the global maritime transport and logistics sector to share knowledge, experiences, and insights. It also seeks to foster investment and strategic partnerships, explore opportunities for growth, and support the National Transport and Logistics Strategy and the Kingdom’s Vision 2030.

The event will also provide recommendations and proposals that will improve the maritime transport industry and enhance the sustainability of logistics services in accordance with international standards and leading models.


GAIN Summit: stc launches AI lab, inks partnerships

Updated 16 September 2024
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GAIN Summit: stc launches AI lab, inks partnerships

stc Group, an enabler of digital transformation, concluded its participation in the Global AI Summit by signing a series of strategic agreements with Saudi Railways, King Abdullah University of Science and Technology, Huawei, the Research Development and Innovation Authority, and SambaNova Systems.

stc’s participation in the summit highlights its leadership role in driving digital transformation both locally and globally. The event served as a platform for stc to showcase its innovative solutions, products and technologies, and reaffirm its commitment to positioning Saudi Arabia as a leading digital hub in the Middle East.

The agreements will help accelerate the group’s strategic objectives in various fields, including artificial intelligence, innovation, and digital transformation. Among these partnerships is an agreement with Saudi Railways to enhance customer service through AI-based technological solutions that improve operations at all levels.

Additionally, stc signed a strategic cooperation agreement with KAUST to establish a research center specializing in generative AI within the group. This center is the first of its kind in the region for R&D and innovation in generative AI technology, leveraging the shared expertise of stc and the university in data and AI fields.

stc also signed a cooperation agreement with Huawei in data, analytics, and AI fields to enhance stc’s digital capabilities, develop network infrastructure, support data-driven decision-making, and improve corporate operations.

The partnerships also included an agreement with the RDIA to develop mechanisms for supporting and enabling entrepreneurial projects, enhancing research opportunities, and providing empowerment for innovative ideas within future economic priorities.

A strategic partnership agreement with SambaNova Systems was signed to deploy and expand the GenAI Sovereign Cloud within stc’s data centers, enhancing AI capabilities for cloud infrastructure and supporting advanced AI applications in the Kingdom.

During the summit, stc participated in several panel discussions to spread knowledge, including a session titled “Decoding AI Strategies,” focusing on enabling companies to responsibly engage with AI applications by balancing competitive advantage, resource efficiency, and ethical considerations. Another session titled “The Role of AI in Skills Enhancement and Innovation” discussed AI’s role in empowering employees and improving their skills according to labor market requirements, as well as continuous learning through AI-driven innovation.

During the closing ceremony, stc Group received three awards, including recognition for its technical support and sponsorship of the summit as a digital enabler, an award for adopting AI ethics from the early stages, and a prize for solutions by stc, specializing in IoT products, under the Innovation Sponsorship category.

The Saudi Data and AI Authority hosted the third edition of the Global AI Summit from Sept. 10 to 12, at King Abdulaziz International Convention Center in Riyadh.


Social Development Bank concludes FintechHub program

Updated 16 September 2024
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Social Development Bank concludes FintechHub program

Saudi Arabia’s Social Development Bank concluded the FintechHub program in partnership with the United Nations Conference on Trade and Development and its Empretec program, with support from Fintech Saudi. This initiative marks the first of its kind under the Empretec Center and is part of SDB’s ongoing commitment to driving innovation and supporting entrepreneurship in the financial technology sector.

Held from Sept. 8-12 in Riyadh, the FintechHub program focused on fostering innovation in financial technology by developing a robust economic ecosystem designed to support emerging ventures and aspiring entrepreneurs. Participants were introduced to the latest trends in fintech and provided with knowledge and tools to develop their projects and achieve sustainable success.

The program highlights SDB’s strong collaboration with key players in the financial technology sector, including Fintech Saudi, which plays a pivotal role in enhancing the Kingdom’s fintech ecosystem. The initiative is also supported by certified trainers from the Empretec program, alongside leading global fintech entrepreneurs, offering participants access to expertise and industry insights.

Throughout the program, participants explored cutting-edge technologies and innovations to ensure they stay ahead of market developments. They also learned how to create sustainable, effective business models aligned with consumer needs and designed to drive economic growth. 

In addition, the program provided a valuable networking platform, enabling participants to connect with fellow entrepreneurs and industry leaders, further supporting their journey toward success.

As part of the program’s activities, participants had the opportunity to present their projects to a group of prominent investors in the Kingdom, including Rakan Al-Fadl from Takamol, Abdullah Al-Duwaish from Flat6Labs, and Philip Matos, CEO of ABstartups. The program also featured inspiring talks from successful local entrepreneurs, including Maher Loubieh, CEO and co-founder of HALA, who shared his experience and insights on building a startup in the fintech sector.

The FintechHub program culminated in the graduation of 26 entrepreneurs specializing in tech startups, showcasing the initiative’s success in building a strong foundation of business leaders within the financial technology space.

This program underscores SDB’s dedication to supporting the growth of the fintech sector and promoting sustainable economic development through innovation and entrepreneurship.


Bahrain Airport Company signs strategic agreement with APSCO

Updated 16 September 2024
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Bahrain Airport Company signs strategic agreement with APSCO

Bahrain Airport Company, the operator and managing body of Bahrain International Airport, signed a strategic agreement with The Arabian Petroleum Supply Company, a renowned energy company with a rich history in the Middle East’s petroleum industry. The signing ceremony took place at Awal Private Terminal to formalize the strategic agreement.

Under this agreement, APSCO becomes the second into-plane service provider at the airport, leveraging its extensive expertise to deliver reliable and efficient aviation fuel services. This partnership represents a key milestone in BAC’s ongoing commitment to enhancing operational excellence and elevating the overall passenger experience.

BAC Chief Executive Mohamed Yousif Al-Binfalah said: “This strategic partnership with APSCO marks a significant step forward in our commitment to enhancing BIA’s aviation fueling service offerings. By expanding our fuel service capacity and efficiency, we are further solidifying BIA’s position as a world-class airport with alternative service providers and enhancing its attractiveness to global airlines.”

APSCO Managing Director Mohammed Ali Ibrahim Alireza added: “We’re proud to partner with Bahrain Airport Company. With over 60 years of experience in energy solutions and a focus on aviation fuels, we’re well-equipped to support BIA’s commitment to operational excellence. Our long history in aviation fueling services underlines our capacity to continually innovate and adapt to our customers’ needs. By striving to improve efficiency, reduce environmental impact, and harness the latest technologies, APSCO aims to provide top-tier services at airports.”

This strategic move aligns with BAC’s vision to contribute to the growth of Bahrain’s aviation sector and attract more airlines and passengers to the country. APSCO currently manages 22 depots across various airports in Saudi Arabia, ensuring seamless operations for both commercial and private aircraft.