Indonesia steals limelight at AISJ International Day

Visitors try out traditional Indonesian snacks at the country’s booth.
Updated 03 March 2018
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Indonesia steals limelight at AISJ International Day

The Indonesian Consulate General and the International Indonesian School in Jeddah recently participated for the third time in the “International Day 2018” organized by the American International School of Jeddah (AISJ).
A one-day cultural event, which stressed the main core values of “embracing cultural diversity, developing relationships and enriching life,” was held on Feb. 24 at the main soccer field of the school and joined by a number of consulates and communities in Jeddah.
AISJ Superintendent Monti Hallberg said the event was held to give an opportunity to AISJ students and visitors to learn about other countries. Students were assigned to visit and learn the facts displayed on each country’s booth and then had their passports stamped.
“The prize will give an opportunity for all the students to hold the whole world in their hands,” he said.
Hallberg also appreciated the representation of Indonesia, which he said brings a new color each year to the event.
“The Indonesian representation at the International Day each year wins the award for the best educational booth. You have so many interesting facts. And we learn about your country, we learn about your history, we learn about your culture. I am very pleased to have Indonesia’s representation here,” he said
Umar Badarsyah, Indonesian vice consul of information and culture, who received the award on behalf of the Indonesian consul general, expressed appreciation for the opportunity to support the event for the last three years.
“In line with the core values of the event, it is a great chance for Indonesia with its spirit of ‘Unity in Diversity’ to greet visitors of the International Day, especially children, and get them to learn more about how Indonesian people enjoy living together in harmony with one another in spite of their differences in ethnicity, language, religion, art and tradition, yet respecting peaceful co-existence,” said Badarsyah.
A set of canvases painted by the Indonesia school students in colorful batik patterns (an original Indonesian clothing with unique design and pattern), handmade dolls in various costumes and traditional music instruments were a major attraction at the event.
Visitors were also given a chance to experience the process of making batik on the spot.


GIB Capital takes 4 EMEA Finance awards

Updated 12 December 2018
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GIB Capital takes 4 EMEA Finance awards

GIB Capital, a Riyadh-based regional investment banking and asset management arm of Gulf International Bank (GIB), has won awards in four categories in the EMEA Finance Middle East Banking Awards 2018.

The awards for the 11th year are recognizing the achievements of the best banks, asset managers and brokers in countries across the Middle East. 

Recognizing GIB Capital’s continued regional market leadership across investment banking products, EMEA Finance named GIB Capital as the “Best Investment Bank in the Middle East,” “Best Local Investment Bank — Saudi Arabia” and “Best Local Investment Bank — Bahrain,” each for the third consecutive year. GIB Capital was also named the “Best Foreign Investment Bank — Oman” for the second consecutive year. 

Osamah Mohammed Shaker, CEO of GIB Capital, said: “We’re extremely proud of the work that GIB Capital is doing for our clients across the GCC and of the recognition and confidence we continue to enjoy from the market for excellence in investment banking. The continued recognition that we have received across a number of geographies underscores our position as a leading player in our core markets.” 

During the 12-month review period for the EMEA Finance awards, GIB Capital completed over $17 billion in capital market transactions including sovereign issuances for Saudi Arabia, Bahrain and Oman. GIB Capital also assisted the shareholders of Saudi Tabreed District Cooling Company with the sale of a minority shareholding to IDB Infrastructure Fund II, in which the major investors include the Islamic Development Bank (IDB), Public Investment Fund (PIF), Public Pension Agency (PPA) of Saudi Arabia, Ministry of Finance of Bahrain and the Ministry of Finance of Brunei Darussalam. 

In another landmark transaction, GIB Capital assisted the shareholders of Byrne Equipment Rental Company with the sale of 100 percent shareholding to a consortium of investors including CITIC Pacific, a Chinese sovereign wealth fund, and V-Power, a Chinese company engaged in power generation.

EMEA Finance is among the leading information sources for the finance industry, delivering compelling and relevant reporting about the activities, challenges and opportunities that exist in one of the world’s most dynamic and emerging regions — the combined emerging Europe, Middle East and Africa. Awards are set to be presented to winners at the magazine’s annual awards ceremony taking place in Dubai in February 2019.