IMC, JePharma join hands with IRI

Updated 13 June 2015
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IMC, JePharma join hands with IRI

Launched last month, the Islamic Reporting Initiative (IRI) has rapidly gained momentum and support from businesses, government organizations, non-profit organizations and educational institutions from all over the world.
With the potential of being of immediate benefit in more than 50 countries, the IRI is aiming to create the first, mainstream reporting standard for corporate sustainability and social responsibility based on Islamic principles.
The latest organizations to partner with the IRI include the International Medical Centre (IMC) in Jeddah, and Jerusalem Pharmaceuticals (JePharma), a major publicly listed company in Palestine. Partnerships with the IMC and JePharma will bring extensive insight from the health care industry to the development of the IRI.
Dr. Iyad Masrouji, CEO of Jerusalem Pharmaceuticals, said: “As a partner, we intend to contribute insight to form a tool that facilitates prosperous conditions for all, and we hope to make a lasting impression in the way CSR reporting will be conducted in the future.”
The Middle East University in Jordan was one of the first signatory members of the initiative. Dr. Abdel-Aziz Sharabati, head of the management, marketing and e-Business department, said: “As a national education institution, what we perceive to be a long-standing challenge is a mismatch between the skills developed through education and those needed for employment.”
Earlier last week, the IRI announced its partnership with the Social Stock Exchange (SSX) to work toward compatibility with their standards. With a market capitalization of 1.25 billion pounds, the SSX is the first international stock exchange exclusive to responsible business.
Daan Elffers, founder of the IRI, and chairman of last year’s CSR Summit in Saudi Arabia, said: “Responsibility reporting is moving into a new phase; no longer a top-line or reputational activity, responsibility reporting is becoming a critical factor in investment decisions.”


Marriott hotel, apartments open in Riyadh’s DQ

Updated 21 March 2019
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Marriott hotel, apartments open in Riyadh’s DQ

Marriott International and Dur Hospitality this week celebrated the opening of the Riyadh Marriott Hotel Diplomatic Quarter and Marriott Executive Apartments Riyadh, Diplomatic Quarter. The complex is strategically located in the heart of one of the most sought-after areas in the city with easy access to key embassies and major corporate headquarters, and a 30-minute drive from King Khalid International Airport. 

“We are delighted to enhance our footprint in Saudi Arabia with the opening of two strategically important hotels that not only complement each other but also deliver very distinct brand experiences. Saudi Arabia continues to be one of our key markets and we are delighted to further strengthen our partnership with Dur Hospitality,” said Alex Kyriakidis, president and managing director, Middle East and Africa, Marriott International.

The hotel is inspired by Wadi Hanifa, a beautiful desert oasis running through Riyadh. The low-rise hotel resembles the smooth, dry canyon walls that make for a dramatic arrival experience. Once you step inside, the waterways guide the way into the building, ushering guests through the arrival court into the palm-dotted oasis in the hotel’s courtyard. Planted cacti, flowering vines, plentiful blooming desert flora and native date palm trees create a calming ambiance, providing shade from the desert sun. 

The complex is the first five-star full service hotel in the Diplomatic Quarter and features 80 spacious modern rooms, and 140 fully equipped apartments. The deluxe rooms feature modern décor and ample work space, allowing guests to stay connected with in-room technology, including high-speed WiFi and bedside USB outlets. Guests staying in one of the six Premium Suites or the Presidential Suite can enrich their experience in the M Club Lounge offering an international buffet, hors d’oeuvre and local specialties 24 hours a day. 

The Riyadh Marriott Hotel Diplomatic Quarter houses three dining venues, Goji Kitchen — an all-day dining destination, a la carte restaurant Mesquite and Agave Café located in the lobby. The hotel offers multiple recreational areas surrounded by lush greenery. 

Muin Serhan, general manager of Marriott Hotels in Riyadh, said: “The opening of Marriott Riyadh and Marriott Executive Apartments Riyadh Diplomatic Quarter is considered an important milestone in our developing journey in the hospitality field; we are keen to provide a very special experience to our valuable guests whatever they are traveling for — business or leisure.”

He added: “And we are very proud to be part of the new Marriott travel program ‘Marriott Bonvoy,’ built on the belief that travel enriches its members and the world around them. Launching in February 2019, Marriott Bonvoy replaces Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG).”