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.


Russia’s cultural capital beckons GCC travelers

Updated 17 October 2019

Russia’s cultural capital beckons GCC travelers

  • Citizens of Oman, Kuwait and Saudi Arabia can now benefit from fast and convenient 
eVisa portal when arranging their next visit to the city of St. Petersburg.
Guarded by two marble lions at the entrance, the Four Seasons Hotel Lion Palace St. Petersburg sits within the walls of a 19th-century royal palace in the beautifully preserved imperial city of St. Petersburg. Celebrated globally for its history and architecture, Russia’s cultural capital recently became an even more attractive destination for GCC travelers thanks to the introduction of a convenient new online eVisa process.
Launched at the beginning of October, the St. Petersburg eVisa portal enables citizens from Saudi Arabia, Kuwait and Oman to enjoy the benefits of fast and simple online visa applications. Travelers can simply fill in the online form, upload a photograph, and can complete the entire process in just a few clicks. Applications can be made within 20 days of traveling, and up to four days before arrival. The visa is valid for stays of up to eight days in St. Petersburg and the surrounding Leningrad Region.
Felix Murillo, general manager of Four Seasons Hotel Lion Palace St. Petersburg, said: “The introduction of the eVisa portal offers a new level of convenience for international travelers, making it easier than ever for GCC citizens to arrange a trip to our wonderful city. Our concierge team takes great pleasure in highlighting St. Petersburg’s historical and cultural visitor attractions, and will be happy to arrange anything our guests may require to turn every trip into an unforgettable experience. We look forward to welcoming visitors from the Middle East to our beautiful hotel to share cherished moments and create memories that will last a lifetime.”
The Four Seasons Hotel Lion Palace St. Petersburg is located in the upmarket Admiralteysky district and was originally constructed in the early 19th century for Prince Alexander Yakovlevich Lobanov-Rostovsky.
Since first opening its doors to guests in 2013, the property offers 183 rooms, including 26 sumptuously decorated suites.
Perhaps the most stunning of the hotel’s accommodations is the one-of-a-kind Lobanov Presidential Suite, where guests can gather by the living room fireplace for a night of intimate conversation, host an al fresco dinner party on the expansive private terrace with stunning views of the Admiralty building and the surrounding park, or retreat to the grand master bedroom for a quiet and cosy evening.
The hotel is inviting guests to embark on a range of culinary adventures across its three restaurants. Diners can experience pan-asian fusion flavors at Sintoho, authentic Italian dishes at Percorso and modern Russian cuisine at The Tea Lounge.
Catering to the needs of visitors from the Middle East, halal meat is available on request.