Win up to 2 kilos of gold at Malabar Gold festival

Updated 11 December 2018
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Win up to 2 kilos of gold at Malabar Gold festival

Indian jewelry retailer Malabar Gold & Diamonds has launched the 8th edition of their annual festival in the Kingdom.

The Malabar Gold & Diamonds Festival, which runs until Jan.22, 2019, is showcasing the latest collections of gold, diamond and precious gems jewelry across all their outlets in the country.

Customers are offered the opportunity to win up to 2 kilos of gold with jewelry purchases.

With every gold and diamond jewelry purchase, customers get a chance to enter raffle draws to win a 100-gram gold bar each in five raffle draws.

Customers also get a one-gram gold coin on every diamond and precious gems jewelry purchase of SR3,000 ($800). They also get free gold coins on every purchase of 18K gold jewelry worth SR1,000.

Furthermore, customers can avail themselves of the zero deduction offer on 22K (GCC) gold jewelry exchange.

To add more glitter to this season, the retailer has unveiled the latest collection of jewelry in gold, diamonds and precious gems to suit the tastes of their multicultural and multinational customers.

Malabar Gold & Diamonds has incorporated these designs as a part of various brands presented at the store, namely Ethnix — Handcrafted Designer Jewelry, Era — Uncut Diamond Jewelry, Mine — Diamonds Unlimited, Divine — Indian Heritage Jewelry and Precia — Gem Jewelry.


King Abdullah Port throughput up by 36%

The number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017.
Updated 21 January 2019
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King Abdullah Port throughput up by 36%

The annual throughput of King Abdullah Port increased to 2,301,595 TEUs by the end of 2018, an increase of more than 36 percent compared to 2017. This maintains its position as the second largest port in the Kingdom in terms of container handling. 

Since its inception in the last quarter of 2013 the number of containers handled by the port has reached 7,227,859 TEUs. The port’s management stated that the annual increase in throughput was primarily achieved in conjunction with an 8 percent increase in imports and exports compared to 2017.

King Abdullah Port CEO Rayan Qutub said: “King Abdullah Port constitutes a real success story in public-private sector partnerships in light of the increasingly outstanding figures it achieves year after year. The port has become the leading driver in the maritime shipping and logistics services sector in terms of building knowledge, launching initiatives and supporting various activities in this sector.”

He added: “King Abdullah Port aspires to support the Kingdom’s economic development and enhance its competitiveness by increasing the efficiency of logistics services and supporting trade movement between the Kingdom and the rest of the world in line with Vision 2030. The latter would occur through the provision of state-of-the-art infrastructure and advanced logistics services to become a landmark on the maritime and logistics services map in the Kingdom and the region.”

Referring back to the 2018 results, Qutub said: “We achieved a record 50 percent increase in container handling in the first half of 2018, and we are moving forward with our development plans to provide best practices in the fields of port development and operation as well as supporting logistical services. This will increase the Kingdom’s competitive advantage on the logistics services index, and in turn effectively contribute to achieving the logistical objectives of the Kingdom’s Vision 2030.” 

The results achieved by King Abdullah Port in 2018 include an increase in transshipment volume reaching 1,847,569 TEUs, which is a 44 percent increase compared to 2017. Meanwhile, the number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017. 

The port features state-of-the-art facilities including 18-meter water berths, which are the deepest in the world, and the world’s largest and most advanced cranes, which employ the latest technology and feature a 65-ton lifting capacity as well as a handling capacity of 25 containers. Such facilities enable the port to serve giant container vessels now and in the future.