Red Sea Mall wins 2 CMO Asia awards for marketing excellence

Updated 17 October 2015
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Red Sea Mall wins 2 CMO Asia awards for marketing excellence

Jeddah’s Red Sea Mall continued its international winning streak with two CMO Asia awards for marketing excellence.
At the annual ceremony held in Dubai, Red Sea Mall was named winner of the most popular shopping center award for 2015, as well as the CSR best practices award.
Mohammed Alawi, CEO of Red Sea Markets Co., owner of RSM, expressed his pride of the new achievements, saying that these two latest awards highlight the mall’s achievements.
“These awards solidify the leading status the mall has achieved in the Kingdom’s and the region’s entertainment and marketing industries,” he said.
“They prove that the sincere hard work that the mall’s team continues to put in to offer the best possible shopping experience, and to provide the widest possible array of nationally and internationally renowned brands, and as much entertainment and fun each and every member of the family needs, has finally come to fruition,” he added.
“The mall’s vast space allows us to provide the largest number of fashion, beauty, furniture, electronics, and other shops, which meet the different tastes of our visitors. Add to that a world-class entertainment area, a dining area with a varied selection of gourmet food, a branch for the Passport Department, and machines to issue boarding passes for Saudi Arabian Airlines passengers and “you have a shopping center that is far ahead of any other mall throughout the Gulf region.”
CMO Asia’s committee uses an evaluation process with strict standards.
In addition to its leadership in marketing and entertainment, the mall always offers various activities. Its management is committed to contributing to sustained development in the Kingdom and instilling the spirit of national pride among young Saudis. The mall offers a huge number of various global brands and nonstop activities all year round.


UAE indicates full compliance with US sanctions on Iran

Updated 19 November 2018
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UAE indicates full compliance with US sanctions on Iran

  • The US announced on Nov. 5 a series of sanctions targeting Iran’s banks, shipping sector, national airline and 200 individuals
  • UAE’s trade with Iran, which is expected to decline further, fell to $17 billion in 2017 from a peak of $20 billion in 2013

DUBAI: The United Arab Emirates is fully complying with sanctions imposed this month by the United States on Iran even though it will mean a further drop in trade with Tehran, said a UAE economy ministry official.

Abu Dhabi, the political capital of the UAE federation, has taken a tough stand on Tehran, although Dubai, the country’s business hub, has traditionally been a major trading partner with Iran.

Washington announced on Nov. 5 a series of sanctions targeting Iran’s banks, shipping sector, national airline and 200 individuals after President Donald Trump pulled the United States out of an international nuclear deal with Tehran.

“We are implementing the sanctions,” Abdullah Al-Saleh, undersecretary for foreign trade and industry, said in an interview in Dubai.

 

The UAE is enforcing the US sanction regime “as it is published by the United States,” Al-Saleh said, adding that the relevant authorities would ensure compliance.

Al-Saleh said the UAE’s trade with Iran is expected to decline this year and next year due to the sanctions, after falling to $17 billion in 2017 from a peak of $20 billion in 2013.

Most trade consists of re-exports via Dubai to Iran, which lies across the Gulf.

The sanctions are part of a wider effort by the Trump administration to diminish Iranian influence in the Middle East.

The UAE is among US allies in the Gulf region that staunchly oppose Iranian foreign policy and swiftly backed Washington’s decision. It is also a member of a coalition that is opposing the Iran-aligned Houthi group in Yemen’s civil war.

Compliance will mean UAE companies do not face difficulties in the United States, and the UAE government will look to boost trade with other markets such as Africa and Asia to offset the impact of the sanctions on its own economy, Al-Saleh said, repeating an existing government policy to diversify trade.

Trump’s administration has threatened those who continue to do business with Iran with the prospect of losing access to the US market, although it has given temporary exemptions to eight importing countries to keep buying Iranian oil.

The European Union, France, Germany and Britain, which are trying to save the nuclear deal, have said they regret the US decision and will seek to protect European companies doing legitimate business with Tehran.

FACTOID

The US has given temporary exemptions to eight importing countries to keep buying Iranian oil.