IFID to spotlight ‘Next Generation Finnovators’

Updated 06 November 2018
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IFID to spotlight ‘Next Generation Finnovators’

The 2nd Annual Islamic Finance Innovation Day (IFID) forum is set to take place in Bahrain on Nov. 26. The event will look at the important role of “Next Generation Finnovators” in the drive for fintech development and adoption in the Islamic banking and finance industry. The event is supported for the second year by strategic partner Bahrain Economic Development Board (EDB), which has played a central role in establishing Bahrain as a fast growing regional fintech hub in addition to a leading Islamic finance center. 
The event, taking place at the Wydham Grand, Bahrain Bay, will offer a fresh perspective into the Islamic fintech debate by showcasing the voices of rising stars in the industry. It will feature a series of discussions that explore the views of young Islamic finance professionals on the pace and impact of fintech innovation on the industry today, existing obstacles and new methods and approaches for growth and development. 
“We are pleased to be once again supporting IFID. We’re particularly excited this year to be giving young professionals in Islamic fintech a platform to voice their views and discuss the development and sustainable growth of the industry,” said David Parker, executive director, financial services, EDB.
He added: “Over the past year, there have been significant strides made in fintech innovation in Bahrain by both the private and public sectors, including the launch of the region’s largest fintech hub, and we are proud to back initiatives that encourage and foster the growth of the ecosystem.” 


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).”