Riyali concludes nationwide financial literacy competition

Riyali concludes nationwide financial literacy competition
The competition aimed to help students develop financial planning skills.
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Updated 10 July 2021

Riyali concludes nationwide financial literacy competition

Riyali concludes nationwide financial literacy competition

Riyali, SEDCO’s financial literacy program, has successfully concluded the Kingdom’s largest online financial literacy competition, which was held in partnership with the Ministry of Education. The competition celebrated the 5th anniversary of Vision 2030, as Riyali’s objectives are in line with the Financial Sector Development Program, one of the Vision 2030 executive programs, working toward the goals of raising the percentage of household savings from 6 percent to 11 percent across the nation. 

The competition — which aimed to raise awareness and boost financial literacy, and help students develop saving, budgeting and financial planning skills — saw more than 400,000 students participate nationwide. The competition also saw the participation of 7,000 Riyali Ambassador educators, while 47 education departments across all of Saudi Arabia were also actively involved with the competition. 

The recognition ceremony was held at the Ministry of Education under the patronage of the deputy minister of education and attended by directors of the ministry and education departments in the Kingdom. Participants competed for awards worth a total of SR400,000 ($106,660) across multiple categories. The competition targeted three age groups — elementary school students aged between 9-12, secondary school students between 13-16 years of age, and intermediate school students from 16-19 years old. The top 100 winners across these categories won a total of more than SR300,000. 

There was also a special awards category for Riyali Ambassadors — teachers and educators who took the initiative in encouraging the participation of students in the Riyali program. The top 30 Ambassadors won more than SR100,000, while the top 10 education departments nationwide were also honored.

The competition emphasized and amplified the enduring relationship between Riyali and the Ministry of Education, which was recently renewed again for three years to reach an extra 2 million students.

Riyali’s partnership with the ministry has seen more than 1.6 million students benefit from financial awareness through direct and e-training. A study conducted recently by Riyali on more than 24,000 beneficiary students in 16 cities across the Kingdom, showed that 86 percent of respondents started saving, and also developed prudent financial habits after joining the Riyali program. 

Riyali is one of the most important programs launched by SEDCO Holding as part of its social initiatives. The program aims to enhance financial literacy among various segments of society, develop their skills and provide them with the knowledge that enables them to face their financial responsibilities for a better life. The program is certified by the Ministry of Education for schools and universities, and has many strategic agreements, most notably with the Ministry of Education and the Saudi British Bank. The program has reached more than 1.6 million beneficiaries so far.


Bahraini author’s book on Gandhi to be launched in four languages

Bahraini author’s book on Gandhi to be launched in four languages
Updated 25 January 2022

Bahraini author’s book on Gandhi to be launched in four languages

Bahraini author’s book on Gandhi to be launched in four languages

A virtual launch of the English, Hindi, Urdu and Malayalam editions of the Arabic-language book “Gandhi: His Engagement with Islam and the Arab World,” written by Abdulnabi Alshoala, will be held via Zoom at 4 p.m. on Jan. 26, at the Isa Cultural Center, Manama.

Alshoala will be joined on the occasion by Piyush Srivastava, Indian ambassador to Bahrain; Abdul Rahman Mohammed Juma, chairman of the Bahrain India Society; and Dr. Shobhana Radhakrishna, an internationally renowned Gandhi scholar, who will be the keynote speaker. The book launch event has been organized by the Bahrain India Society.

The book, first published in Arabic two years ago and now in its third print run in the regional language, was snapped up by four different publishing houses in India.

The English-language translation, published by a leading Indian company, is already in its second print run, with the Indian languages versions also ready for the international market.

Alshoala is the chairman of Dar Albilad for Journalism, Publishing and Distribution Co. B.S.C. and the founding chairman and adviser to the board of Alfanar Investment Holding Co. B.S.C. Over his long career, Alshoala has served as minister of labor and social affairs, and later as Cabinet minister of state.

He also served as a member of Bahrain’s advisory council and has also been elected to the board of directors of the Bahrain Chamber of Commerce and Industry.

“Gandhi: His Engagement with Islam and the Arab World” is both Alshoala’s homage to the great Mohandas Karamchand Gandhi, known by the honorific “Mahatma” (meaning “venerable”), and an effort seeking to address issues faced by Islam and Muslim countries in a Gandhian way.

“Gandhi’s main principle was to solve differences through dialogue,” Alshoala said. “History shows that he was able to wrest the jewel of the British Empire from them through a policy of nonviolence. As we look around this region and see so much conflict and wars all around, this is my humble way of suggesting that non-violence and dialogue would serve all concerned well going forward.”


Il Baretto Riyadh is KAFD’s first dining destination

Il Baretto Riyadh is KAFD’s first dining destination
Updated 25 January 2022

Il Baretto Riyadh is KAFD’s first dining destination

Il Baretto Riyadh is KAFD’s first dining destination

Authentic Italian restaurant Il Baretto has opened its premier international location in Riyadh. The London-born restaurant’s new venue is the first restaurant and dining experience in the King Abdullah Financial District, marking the launch of an exciting new chapter within the heart of the Kingdom’s financial center.

Spanning across 1.6 million square meters, KAFD is an award-winning smart city that serves as a local and regional financial hub. Home to some of the Middle East’s most exclusive office and residential addresses, KAFD is an internationally recognized authority for sustainability and a dynamic destination for business and entertainment.

Co-founded by restaurateurs Arjun Waney of Zuma, Roka, Coya, LPM and The Arts Club, and Giuliano Lotto of Zafferano, Memory of China and Aubergine, Il Baretto is renowned for its simple and authentic Italian menu, which draws influence from specialty dishes and regional Italian produce.

The restaurant, which opened on Nov. 19, 2021, has been launched in partnership with prominent Saudi restaurateur Mohammed Jawa, who holds more than 18 years of experience within the local market.

FASTFACT

The menu includes a curation of Italian favorites as well as modern classics such as veal Milanese, whole sea bass, lobster linguine, salmon carpaccio, and wood-fired northern Italian pizza.

Il Baretto Riyadh, together with Jawa’s forthcoming launches within the district, which are set to include Zuma, Amazonico, Mr. Chow, Aok and Black Tap, are expected to play a pivotal role in the development of KAFD.

The brand’s Riyadh location will showcase Il Baretto’s complete gastronomical offering. The menu includes a curation of Italian favorites as well as modern classics such as veal Milanese, whole sea bass, lobster linguine, salmon carpaccio, and wood-fired northern Italian pizza.

Il Baretto Riyadh merges signature design elements from its Marylebone location with contemporary influences inspired by KAFD, presenting a charming new interior concept that pays homage to its inaugural role as the district’s first restaurant.

The restaurant accommodates guests within its main dining area as well as on an elegant outdoor terrace, offering a relaxed Italian gastronomical experience that reinterprets the warmth and charm of its flagship London venue.


LuLu showcases Indian food & fashion in week-long festival

LuLu showcases Indian food  & fashion in week-long festival
Updated 25 January 2022

LuLu showcases Indian food & fashion in week-long festival

LuLu showcases Indian food  & fashion in week-long festival

LuLu Hypermarket has flagged off a week of festivities to celebrate the Republic Day of India (Jan. 26). Titled “India Utsav,” the colorful shopping festival showcases the beautiful ethnic fashions of India and the variety of foods that make up the country’s different regional cuisines.

The festival was inaugurated on Jan. 23 by Dr. Ausaf Sayeed, Indian ambassador to Saudi Arabia, in the presence of Shehim Mohammed, director of LuLu Hypermarkets Saudi Arabia, government officials, and other dignitaries, at LuLu Hypermarket Riyadh Avenue Mall, Murabba.

In Jeddah, the festival was inaugurated by Mohd. Shahid Alam, consul general of India, Jeddah. The event is being celebrated at all LuLu stores across the Kingdom and runs until Jan. 29.

Ambassador Sayeed said: “The LuLu Group plays a great role in being a bridge between India and Saudi Arabia, as a corporate giant with an Indian heart, roots in the Kingdom and a global presence. Not only has the group pushed the envelope in promoting Indian products in the region, it has also leveraged its knowledge of India to invest in projects that will generate employment and create valuable channels of wealth generation for Indian farmers and retailers. I am very pleased to note that LuLu Group is opening new outlets in different parts of the Kingdom, which is an indication of its popularity among the local population.”

For “Indian Utsav,” LuLu has flown in more than 7,000 products in different categories, from fresh fruits and vegetables to meat, and traditional wear like sarees and churidars. Moreover, on offer is a huge range of freshly prepared hot foods, from biryanis to curries, popular street foods, traditional sweets, and many more Indian delicacies.

HIGHLIGHTS

•The festival features a number of promotions to help shoppers discover the wonders of Indian food and fashion.

•There are discounts on rice, traditional breakfast powders, cereals, spices, meats and ready-to-cook snacks and food.

Mohammed said: “The ‘India Utsav’ is always an enjoyable shopping event where Saudi shoppers can indulge their love for all things Indian. We have always taken pride in showcasing the beauty and diversity of Indian culture through a festival like this. Lulu has a strong connect with its Indian markets and has continued to maintain it over the years with extraordinary sales.

“This is our humble tribute to the glorious traditions, food and offerings, which have made their way into the hearts of the Kingdom’s population. This is also our initiative to bind together all communities for a common interest, through food, fashion, films, and tourism.”

The festival features a number of promotions to help shoppers discover the wonders of Indian food and fashion; there are discounts on rice, traditional breakfast powders, cereals, spices, meats and ready-to-cook snacks and food. In addition, there is a “Buy 2, Get 1 Free” offer on clothing for the whole family.

LuLu, which has its own food processing plants and sourcing offices in India, recently introduced a new range of products, featuring organic, low-fat, gluten-free and diet-based food options, that are popular with health-conscious shoppers.


Riding in style: Porsche unveils Cayenne special edition

Riding in style: Porsche unveils Cayenne special edition
Updated 23 January 2022

Riding in style: Porsche unveils Cayenne special edition

Riding in style: Porsche unveils Cayenne special edition

Porsche is launching a new Platinum Edition of selected Cayenne models. This special edition of the SUV is characterized by exclusive design elements in a satin Platinum paint finish as well as by additional standard equipment. The result is a particularly stylish appearance paired with an attractive price. Platinum Editions of the 250 kW (340 PS) Cayenne and the Cayenne E-Hybrid with 340 kW (462 PS) are available, as well as the corresponding Coupé variants.

The refined appearance of the Cayenne Platinum Edition includes numerous model-specific details in satin-finish Platinum such as the inlays in the slats of the air intakes at the front, the Porsche lettering integrated in the LED rear light strip, the model designation at the rear and the standard 21-inch RS Spyder Design wheels, which are reserved exclusively for this special edition. Sport tailpipes and side window trims in black further emphasize the sporty yet elegant look of the special series. Matching solid colors in white and black, metallic paint finishes in Jet Black, Carrara White, Mahogany, Moonlight Blue and the special color Crayon are available.

Crayon seat belts and brushed aluminum door entry sills with the “Platinum Edition” logo add a special touch to the stylishly designed interior, as do the textured aluminum interior package and silver-colored trims.

The Cayenne Platinum Edition also comes with extended equipment as standard. This includes LED headlights including Porsche Dynamic Light System, the panoramic roof system, a Bose surround-sound system, ambient lighting, eight-way leather sports seats, the Porsche Crest on the front and rear headrests, and an analogue clock on the dashboard. Porsche Exclusive Manufaktur also offers a wide range of refinement options for the interior and exterior — from selective changes to extensive modifications.

The Platinum Edition of the Cayenne is available to order now, with deliveries starting in the second half of the year.


Singapore names orchid after Expo 2020 Dubai

Singapore names orchid after Expo 2020 Dubai
Updated 23 January 2022

Singapore names orchid after Expo 2020 Dubai

Singapore names orchid after Expo 2020 Dubai

Singapore unveiled a new Dendrobium orchid hybrid named after the historic Expo 2020 Dubai. The new bloom, named Dendrobium Expo 2020 Dubai, was the main highlight of the recent Singapore Day festivities at the World Expo — a day that recognizes the city-state’s participation in the global event.

Singapore’s Senior Minister and Coordinating Minister for National Security Teo Chee Hean officiated at the ceremony. The orchid celebrates Singapore’s unique culture and commemorates the nation’s strong bilateral relations with the UAE.

Teo said: “As small states and hubs in our respective regions, Singapore and the UAE have benefited from a close friendship and partnership that have continued to strengthen over the years. The UAE is Singapore’s largest trading partner and investment destination in the Middle East. We enjoy strong people-to-people ties, with the UAE hosting the largest number of Singaporeans in the region. Our two countries are also strongly committed to creating a more sustainable future. It is fitting that we are unveiling the Dendrobium Expo 2020 Dubai orchid today, to mark not just the flourishing ties between our two countries, but also our shared love and respect for nature.”

A delicate bouquet of gracefully twisted golden yellow petals with light purple veins, the Dendrobium Expo 2020 Dubai has been specially selected to complement the colors of the Expo 2020 Dubai logo. It celebrates the coming together of nations from all over the world to forge stronger partnerships and co-create a brighter future. The orchid has been created by the Singapore Botanic Gardens.

The Dendrobium Expo 2020 Dubai is being displayed at the Flower Cone at the Singapore Pavilion together with two other prominent orchid hybrids — the Dendrobium Sheikha Fatima bint Mubarak, which is named after UAE’s Mother of the Nation Sheikha Fatima bint Mubarak; and the Aranda Lee Kuan Yew, which is named in honor of the late Lee Kuan Yew, the founding prime minister of modern Singapore and the architect behind Singapore’s transformation into a premier tropical “Garden City.”

Capping off the Singapore Day festivities, the Singapore Pavilion also played host to several exciting activities, providing visitors to the expo with a taste of Singapore’s cultural offerings.

This includes performances at Al-Wasl Plaza, digital visual art showcases as part of Singapore Art Week, a presentation of local hawker fare, as well as an international dialogue on the future of travel.