Lateefa AlWaalan named ‘Entrepreneur of the Year’

Updated 07 May 2015
0

Lateefa AlWaalan named ‘Entrepreneur of the Year’

Lateefa AlWaalan, founder and CEO of Yatooq, has been named Saudi Arabia’s “EY Entrepreneur Of The Year (EOY) 2015” by an independent panel of judges at the EOY event.
The event was held under the patronage of Dr. Tawfiq Al Rabiah, minister of commerce and Industry, the Strategic Partner of the event.
Lateefa was chosen from a group of 11 finalists from 10 companies, each a dynamic and gifted business leader. The award was presented yesterday evening at a gala dinner.
The event was sponsored by Eye of Riyadh,  Riyadh Bank and Endeavour Saudi.
Fahad Altoaimi, office managing partner, Riyadh and Entrepreneur of the Year leader, EY, says: “We congratulate Lateefa on being named Saudi Arabia’s EY Entrepreneur Of The Year 2015.”
He added: “Lateefa truly deserves this award which honors her business achievements, innovation and contribution to her community. Lateefa will join the Entrepreneur Of The Year award winners from over 50 countries at Monte Carlo in June 2015, where she will be inducted into the World Entrepreneur Of The Year Academy and will vie for the World Entrepreneur Of The Year award.”
The independent judging panel comprised: Abdallah Obeikan, CEO of Obeikan AGC Co. Ltd; Abdulaziz Al-Omran, co-founder, a member of the board of trustees and chair of the Riyadh Chapter of Oqal; Abdul Rahman Ibrahim Alrowaita, managing director and general manager — Aseer Company; Ali Al-Othaim, chairman of the National Committee of Young Businessmen Council of Saudi Chambers; Fahad A. AlKassim, chairman of Amwal Financial Consulting; Khlood Abdulaziz Aldukheil, founding partner and an executive transactor at MKD Financial and Business Advisory; Mohammad A. Abunayyan, chairman of the Board of ACWA Power International.
Lateefa was chosen by the independent panel of judges after an extensive process of evaluation.
The judging process was based on numerous criteria that included entrepreneurial spirit, financial performance, strategic direction, social impact and influence.
The program celebrates the success of entrepreneurs who build and lead successful, growing and dynamic businesses.
 The event has been running for 28 years by EY in 145 cities across 60 countries.
The EOY awards recognize outstanding entrepreneurs for their vision, innovation, courage, and leadership in building and growing successful businesses — businesses that influence the way we live, the products and services we depend on, and the economic vibrancy of our local communities and global markets.


Farnborough airshow announces $192 bn in orders

Updated 21 July 2018
0

Farnborough airshow announces $192 bn in orders

  • The biannual air industry gathering recorded more than 1,400 commercial aircraft orders
  • The total is an increase of $67.5 billion on the last airshow two years ago

LONDON: England’s Farnborough airshow this week saw deals worth $192 billion (164 billion euros), a jump of more than 50 percent compared to 2016, in a sign of “confidence in global trade,” organizers said Saturday.
The biannual air industry gathering recorded more than 1,400 commercial aircraft orders, valued at $154 billion, alongside at least 1,432 deals for engines worth $21.96 billion.
The total is an increase of $67.5 billion on the last airshow two years ago, with the mile-high rivalry between Boeing and Airbus — who made the majority of plane orders — swelling sales.
US aviation giant Boeing announced 676 orders, totalling $92 billion at list prices, as of Thursday, while its European competitor had unveiled 431 orders worth $70 billion.
“The major deals announced this week demonstrate how confident the aerospace industry is and the role of Farnborough as an economic barometer,” said Farnborough International chief executive Gareth Rogers.
The show attracted its most global attendance ever with around 100 countries represented and a record Chinese presence, Farnborough said in a statement.
There was also a near-10 percent rise in trade visitors compared to previous years, with more than 80,000 visitors passing through the gates, it added.