Malabar Gold & Diamonds unveils summer offers

Updated 10 June 2019

Malabar Gold & Diamonds unveils summer offers

Indian jewelry retailer Malabar Gold & Diamonds has unveiled new offers to celebrate the onset of summer.
The “Sparkling Summer” campaign will run at all Malabar Gold outlets in Saudi Arabia until July 20.
The company is giving a chance to its customers to win gold bars with every gold and diamond jewelry purchase.
With every purchase, customers get a chance to enter raffle draws to win a 100-gram gold bar each in 10 raffle draws. In addition, customers also receive a one-gram gold coin on every diamond jewelry purchase worth SR3,000 ($800) and above.
The brand is also selling 8-gram gold coins with absolutely no making charges during this period.
Furthermore, customers can avail themselves of the zero deduction offer on 22-carat gold jewelry exchange.
To add more sparkle to the summer 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.
Malabar Gold & Diamonds is the flagship company of Malabar Group, a diversified Indian business conglomerate.
Established in 1993 in the Indian state of Kerala, Malabar Gold today has a strong retail network of 250 outlets spread across 10 countries, 14 wholesale units, offices, design centers and factories spread across India, the Middle East, the Far East and the US. With an annual turnover of $4.51 billion, the company is one of the largest jewelry retailers globally.
The group also operates MGD Lifestyle Jewellery, a retail concept offering trendy and light-weight jewelry for independent and modern women.

KAEC to host this year’s MITEF startup contest

Updated 47 min 46 sec ago

KAEC to host this year’s MITEF startup contest

MIT Enterprise Forum (MITEF) Saudi Arabia, part of the MIT Enterprise Forum global network and partner of Bab Rizq Jameel, one of Community Jameel’s initiatives, announced a new collaboration with King Abdullah Economic City (KAEC), whereby KAEC will be the strategic partner for the fourth edition of the MITEF Saudi Startup Competition.

Compared to previous editions, this year’s competition has witnessed remarkable progress in terms of the quality of entries. The total number of applicants since the launch of the competition in 2015 reached more than 6,000 participants, and 24 winning teams. This year’s edition attracted more than 1,500 participants. More than 320 local and Arab business experts and academics have participated in the judging process and the StartSmart conference in which winners are announced.

Ahmed bin Ibrahim Linjawi, CEO of KAEC, said: “This partnership reflects KAEC’s continuing efforts to promote the road map aimed at creating an attractive and stimulating environment that enables small and medium enterprises to raise their contribution to local production from 20 to 35 percent by 2030. Within this strategic partnership, we will work with the MIT Forum to strengthen the role of this vital sector in achieving the development goals as envisaged by the Kingdom’s Vision 2030, which emphasized the great role of entrepreneurs as the future economic power.”

Hussein Mohammed Jameel, managing director, Abdul Latif Jameel, said: “MITEF Saudi Arabia is proud of this constructive strategic partnership with KAEC, as part of the two sides’ efforts to provide a stimulating environment for business by supporting innovative initiatives and encouraging entrepreneurs in Saudi Arabia.”

He added: “In collaboration with Bab Rizq Jameel, the annual MITEF Saudi Startup Competition is the first-of-its-kind in Saudi Arabia. MITEF offers an invaluable opportunity to cultivate innovative projects into scalable initiatives, with teams comprising some of the most talented participants in the region. Supporting entrepreneurs is one of the tenets of Community Jameel’s vision and part of our country’s continuous efforts to motivate young entrepreneurs and their ideas to help build their career paths and achieve excellence. Youth is the key element in enhancing the Saudi startup environment and promoting the Kingdom’s economic standing worldwide.”

A judging panel of 46 business experts and academics from all over the world assessed more than 560 entries represented by 1,680 entrepreneurs in the light of the competition’s criteria, namely creativity, potential to expand beyond local markets, and making a positive impact on society.

The winners will be named at the StartSmart Conference on March 7 and will receive cash awards worth SR325,000 ($86,640).