BMG forum spotlights strong Saudi economy

The Annual Polo Cup was held outside London with the participation of Prince William, the Duke of Cambridge, and Prince Harry, the Duke of Sussex.
Updated 21 July 2019

BMG forum spotlights strong Saudi economy

The strength and attractiveness of Saudi Arabia’s economy and the Kingdom’s global position on the world stage was in the spotlight at the 13th BMG Economic Forum, held recently at the London Stock Exchange headquarters.
Speaking at the event, on July 9, Prince Turki Al-Faisal underlined the ongoing rise in the Kingdom’s annual GDP and the country’s important international role, with an emphasis on the G20 being hosted by Saudi Arabia in 2020.
“The Kingdom is witnessing a comprehensive and strong renaissance of the future in all fields. There are excellent opportunities for all companies to participate in supporting the implementation of the Kingdom’s projects and for its cooperation with its counterparts in the Kingdom,” Prince Turki said.
The event was attended by CEOs and directors of Saudi and British financial institutions and companies, as well as Nikhil Rathi, chief executive of the London Stock Exchange.
The forum was inaugurated by Basil Al-Ghalayini, chairman of BMG Financial Group, who spoke about the Kingdom’s Vision 2030.
A number of specialists and stakeholders in the financial and investment fields discussed the strength of the Saudi economy as well as the drive and appeal of both inward and outward foreign investment. Speakers expressed their optimism about the ambitious plans that have been put into motion, including Neom, Qiddiya, the Red Sea Project, Amaala and others, which will require the specialized companies to work independently, in partnerships with Saudi companies or through an alliance between several companies to contribute effectively to the implementation of the projects.
Chris Woods, managing director governance, risk & policy, FTSE Russell, said: “The Saudi Capital Market Authority is witnessing a remarkable development of legislation, regulations and listing mechanisms, including levels of transparency, disclosure and protection of investors’ rights.”

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The event was attended by CEOs and directors of Saudi and British financial institutions and companies, as well as Nikhil Rathi, chief executive of the London Stock Exchange.

The FTSE Russell index began its first phase in March this year and will continue in five stages. With the end of the third phase of the accession, he underlined the satisfaction of foreign investors investing in the Saudi market.
Al-Ghalayini concluded the forum by thanking Prince Turki, the sponsors and their representatives as speakers, including Dr. Hatem Bugshan from Big Innovation Center, Nasser Al-Shawaf from Regent’s Crescent Holding Company Ltd., Tariq Alrefaie from 5th Pillar Holding Limited, and Philip Pauley from Pauley Co. Other sponsors include: American Express Saudi Arabia, Future Solutions Limited and Xrail.
The following day, the Annual Polo Cup was held outside London with the participation of Prince William, the Duke of Cambridge, and Prince Harry, the Duke of Sussex.
“We had the pleasure and honor of the Duke of Cambridge and the Duke of Sussex visiting BMG Foundation’s quarter. During our discussion with the Dukes, the history of BMG Foundation’s Annual Polo Cup was explored as the oldest, charitable, equestrian, social and diplomatic joint event between the two countries. The Dukes thanked BMG Foundation’s strategic partner representatives —  including Prince Abdul Aziz bin Faisal bin Abdulmajeed, Hatem Bugshan and Priyan Attygalle — for their participation and support of noble causes,” Al-Ghalayini added.
The event was attended by Prince Abdul Aziz as well as sponsors of the BMG Economic Forum, business leaders, representatives of charitable initiatives and polo enthusiasts.


Bentley marks 100 years at Monterey Car Week

Updated 21 August 2019

Bentley marks 100 years at Monterey Car Week

As part of its centenary celebrations, Bentley hosted a number of events during the Monterey Car Week, from Aug. 15 to 18.

To mark the occasion, two models debuted — the new Flying Spur luxury four-door grand tourer, and the EXP 100 GT: A vision of luxury mobility in 2035.

The third-generation Flying Spur sets new standards of driving enjoyment and luxury, showcasing Bentley’s application of modern technology, while integrating the latest British craftsmanship and innovation features.

The new Flying Spur will be the most advanced luxury grand touring four-door available. 

Alongside its totally new and advanced aluminum and composite chassis, it features optional electronic all-wheel steering — a first for a Bentley, coupled with active all-wheel drive and the Bentley Dynamic Ride active anti-roll system powered by a 48V architecture.

The Flying Spur was put on display on Aug. 16 at the Quail — a motorsports gathering and at the Home of Bentley for the remainder of the weekend.

It was joined by the EXP 100 GT concept car, which made its US debut. With the EXP 100 GT, Bentley has reimagined the idea of grand touring for the future.

The EXP 100 GT is pure Bentley, inspired by the company’s deep understanding of the desires of its forward-thinking customers. It embraces artificial intelligence (AI) as a means to reassert the car as a place for creating, experiencing and capturing extraordinary human experiences and emotions.

It displays the future of luxury craftsmanship with a seamless fusion of materials and the intelligent curation of technology. The vehicle’s battery system will power four motors that deliver superior performance. Projected performance figures include a 0-60 mph time of less than 2.5 seconds, a top speed of 186 mph, and maximum torque of 1,500 Nm.

Ahead of the EXP 100 GT’s Americas debut, Bentley launched a new and dedicated app for Apple devices.

Released on Aug. 12, the “Bentley 100 AR” app uses a printable QR code to provide an augmented reality experience of the EXP 100 GT, allowing users to explore the exterior and interior of the concept car. Users can even interact with a virtual version of the car in full scale, by using the app at selected Bentley retailers.

Bentley was a featured marque at Pebble Beach Concours d’Elegance, where numerous classic models competed in Bentley Centennial classes, including Vintage 4 Cylinder, Vintage 6 Cylinder, Derby and Postwar.