moLotus, Saudi Excellence partner to drive digital innovation

Sheikh Abdullah Zaid Al-Meleihi, CEO of Saudi Excellence Co., and Minhaz Lokhandwala, founder and CEO of Novosol.

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Updated 07 June 2022

Arab News

June 07, 2022 23:06

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moLotus, Saudi Excellence partner to drive digital innovation

Updated 07 June 2022

Arab News

June 07, 2022 23:06

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moLotus, a mobile video customer interaction platform by Novosol, has entered into a strategic partnership with Saudi Excellence Co., a leading retail and next-generation digital company based in Riyadh, with the aim to enable massive digitization, innovation and transformation in the telecom, banking and esports sectors in Saudi Arabia. The focus is on innovation and creation of new revenue streams — generating around $1.4 billion revenue in the coming three to four years.

The partnership comes at a time when Saudi Arabia has become the market with the largest mobile marketing potential in the Middle East. The number of mobile connections in the country increased by 1.3 million between 2021 and 2022, according to DataReportal. Moreover, 53 percent of the total ad spend in the Kingdom’s digital advertising market will be generated through mobile by 2026, as reported by Statista.

Novosol, a global mobile technology company with strong footprints in Asian countries, will now enter the Saudi Arabian market with its unique platform moLotus, offering mobile advertising and cutting-edge digital transformation. This will enable new revenue generation, cost reduction, customer acquisition and retention, customer lifetime value maximization, process automation and much more.

moLotus is also helping telcos and brands in driving consumer revenues and creating new revenue streams in customer interaction, transformation and advertising. It has partnered with various renowned telcos across Asia such as Indosat Ooredoo, Vodafone, Airtel, Celcom, Digi, and more. Marquee brands like Samsung, HDFC, Panasonic, Standard Chartered, HSBC, L’Óréal and Amazon are already using the platform to drive their marketing and transformation initiatives.

Minhaz Lokhandwala, founder and CEO of Novosol, envisions transforming customer interaction and generating high revenues for brands and telco partners via moLotus.

His technically advanced management experience and business intelligence, along with strong leadership qualities and a focus on large-scale IT solutions, is the force behind Novosol’s success across Asia.

Saudi Excellence Co. operates in the technology, artificial intelligence and fintech sectors and presently represents many of the world’s leading high-tech companies in the Kingdom, managing and fulfilling the demands fueled by a predominantly young population, telcos and carriers.

Saudi Arabia was recently named the “top digital riser” among the G20 countries due to the comprehensive support for digital transformation in the Kingdom as part of Vision 2030. The country is fast replacing traditional processes with digital ones, achieving quality, agility and efficiency. The partnership between moLotus and Saudi Excellence Co. will further help achieve the goals of digital transformation.

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Ramadan retreats: Marriott destinations for a spiritual escape

Updated 28 March 2023

Arab News

March 28, 2023 00:50

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Ramadan retreats: Marriott destinations for a spiritual escape

Updated 28 March 2023

Arab News

March 28, 2023 00:50

Marriott Bonvoy offers an array of destinations in the Middle East perfect for families and couples to celebrate and honor Ramadan. Whether looking for a spiritual escape or you simply want to immerse in the traditions of the holy month, these hotels offer exceptional service and amenities to make an unforgettable stay.

JW Marriott Hotel Riyadh
Embrace Ramadan’s spirit in Riyadh and live an incredible experience of local life and culture. Begin a bespoke gastronomic journey in JW Marriott Hotel Riyadh’s Ramadan tent and enjoy an extravagant iftar in true elegance including Arabic and international favorites. The hotel features 349 rooms and suites with inspired, tasteful and stylish modern Najdi architecture delivering a relaxing experience like no other.

Parklane, a Luxury Collection Resort and Spa, Limassol
With a secluded beachfront location, Parklane, a Luxury Collection Resort and Spa Limassol, captures the essence of the Cypriot distinctive hospitality and the cosmopolitan aura of the island. The hotel features a collection of 222 rooms, 34 suites and 18 villas designed by Harrods Interiors and decorated with art pieces by Atelier 27 Paris, and boasts the award-winning Kalloni Spa. This Ramadan, Parklane features specific items added to its in-room dining menu, available for iftar. The culinary journey also includes gastronomic and lifestyle experiences where food becomes art at the hotel’s restaurants, NAMMOS and LPM, making a memorable iftar meal.
Marriott Izmir
Marriott Izmir is the perfect destination for an unforgettable Turkish Ramadan experience. Located in the heart of the city, the premium hotel offers impeccable service, comfortable rooms, and a wide range of amenities for a relaxing stay. During the month of Ramadan, the hotel is offering special iftar and sahoor menus featuring traditional Turkish dishes. The hotel’s rooftop terrace provides breathtaking city views and is the perfect spot to break your fast or relax after a long day of exploring. With its prime location and exceptional hospitality, Marriott Izmir promises an enriching, authentic, and inspiring stay that will leave you with cherished memories.

Renaissance Polat Istanbul Hotel
Situated in Istanbul, one of the world’s most vibrant and bustling cities, Renaissance Polat Istanbul Hotel boasts breathtaking views of the Marmara Sea and the Princess Islands. Its sophisticated decor, welcoming atmosphere, and unparalleled hospitality make it an ideal venue to break the fast with loved ones. The hotel’s opulent iftar buffet is a gastronomic journey, featuring an array of traditional Turkish and international cuisines. With its luxurious amenities, superior service, and panoramic views, this hotel provides an unforgettable iftar experience that guests will cherish for a lifetime.

Four Points by Sheraton Doha
With its lush setting and welcoming ambiance, Four Points by Sheraton Doha is a stunning destination to gather with family and friends to enjoy iftars together. Guests can indulge in a sumptuous buffet of traditional Arabic and international cuisine in Mushaireb Restaurant, with a wide range of delicious dishes to choose from. Four Points by Sheraton Doha provides an extraordinary iftar experience that guests will treasure for a lifetime. For any bookings of two persons and above, a 10 percent discount would be available to redeem.

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Topics: Marriot Riyadh

Aldar partners with Emirates Red Crescent to collaborate on humanitarian initiatives

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Updated 28 March 2023

Arab News

March 28, 2023 00:38

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Aldar partners with Emirates Red Crescent to collaborate on humanitarian initiatives

Updated 28 March 2023

Arab News

March 28, 2023 00:38

Aldar Properties PJSC and Emirates Red Crescent have reinforced their longstanding partnership by signing a new year-long agreement to jointly cooperate on humanitarian efforts locally and internationally.
The partnership highlights the importance of collaboration between the private sector and philanthropic institutions and aims to further humanitarian goals by pooling resources and efforts to implement joint projects, integrated programs and other strategic initiatives.
Salem Al-Rayes Al-Ameri, deputy secretary-general for marketing at Emirates Red Crescent, said: “This agreement showcases Emirates Red Crescent’s keenness to build constructive partnerships with private institutions like Aldar to support the provision of aid and alleviate hardships. We look forward to our partnership with Aldar, which can play a part in strengthening our nation’s role in furthering our regional and global philanthropic efforts.”

FASTFACT

The partnership highlights the importance of collaboration between the private sector and philanthropic institutions.

Director of Sustainability and CSR at Aldar Salwa Al-Maflahi said: “A core element of our social impact strategy is to partner with leading local and international philanthropic organizations that are aligned with our mission to build thriving and sustainable communities. We have a longstanding relationship with Emirates Red Crescent and this expanded partnership will reinforce our ability to create lasting change and have a positive impact on individuals, families and communities within the UAE and beyond our borders.”
Last year, Aldar was one of the main sponsors of ERC’s annual winter campaign. Under the theme of “Be Their Warmth,” the campaign aimed to provide relief to 500,000 people in 31 countries that were severely affected by the harsh weather conditions of winter. Contributions to the campaign were used to provide essentials such as winter clothes, blankets, heating fuel, food and medical supplies that were dispatched by ERC.
Aldar is the leading real estate developer and manager in the UAE with a diversified and sustainable operating model centered around two core businesses: Aldar Development and Aldar Investment. It is the master developer of integrated, livable, and thriving communities across Abu Dhabi’s most desirable destinations, including Yas Island, Saadiyat Island, Al-Raha, and Reem Island.

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Topics: Aldar Properties PJSC

Carrier showcases sustainable solutions at HVACR Expo

Carrier’s team discussed the company’s residential and commercial digitally enabled lifecycle solutions at the event.

Updated 28 March 2023

Arab News

March 28, 2023 00:28

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Carrier showcases sustainable solutions at HVACR Expo

Updated 28 March 2023

Arab News

March 28, 2023 00:28

As the platinum sponsor of the seventh annual HVACR Expo Saudi, a part of the Big 5 event recently held in Riyadh, Carrier showcased the latest products and services from its global portfolio of solutions. Carrier is a part of Carrier Global Corporation, a global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.
“Carrier is supporting Saudi Arabia’s Vision 2030 by providing solutions that help building owners and operators meet their sustainability, energy-efficiency and operating goals,” said Sathya Moorthi, managing director, Carrier Middle East. “This year’s expo provided a platform to exchange ideas and best practices that can help advance the HVAC industry and contribute to the development of a sustainable future for Saudi Arabia and the rest of the world.”

**Sathya Moorthi**, Managing Director, Carrier Middle East

HVACR Expo Saudi was attended by engineers, consultants, contractors and developers, who engaged with Carrier’s team to discuss its residential and commercial digitally enabled lifecycle solutions.

HIGHLIGHT

Carrier’s participation provided an opportunity to show customized solutions that meet the unique needs of each customer. These included packaged and ducted split units, as well as the AquaForce 30XA air-cooled chiller that offers energy-efficient cooling for buildings in high ambient environments.

Carrier is supporting Saudi Arabia’s Vision 2030 by providing solutions that help building owners and operators meet their sustainability, energy-efficiency and operating goals.

Sathya Moorthi, Managing Director, Carrier Middle East

The company showcased variable refrigerant flow system technology that can provide customers with precise temperature control for commercial and residential buildings, as well as healthy building solutions, such as the award-winning OptiClean dual-mode air scrubber and negative air machine, which can help improve indoor air quality.
Additionally, Carrier presented its full range of aftermarket sales and service offerings, including factory authorized parts and allied products, ensuring peak performance and longevity for HVAC equipment.
Carrier also delivered presentations during HVACR Talks sessions discussing the latest advancements in the industry. Topics included innovations in VRF technology and healthy building solutions.

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Topics: Carrier

GIB, GIB Capital win five honors from EMEA Finance

The awards were presented during the 15th EMEA Finance Middle East Banking Awards.

Updated 27 March 2023

Arab News

March 26, 2023 23:56

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GIB, GIB Capital win five honors from EMEA Finance

Updated 27 March 2023

Arab News

March 26, 2023 23:56

Gulf International Bank B.S.C. and its Riyadh-based regional investment banking and asset management arm GIB Capital, announced that they collectively won five awards from EMEA Finance. The awards were presented during the 15th Annual EMEA Finance Middle East Banking Awards 2022, held this month. The EMEA Finance Awards recognize the achievements of the best banks, asset managers and brokers in countries across the MENA region.

We’re delighted with the awards and the ongoing recognition from the industry of GIB’s capabilities, through GIB Capital.

Osamah Al-Shaker, CEO of GIB Capital

Reflecting continued market leadership in corporate and investment banking, GIB was named: Best Loan House — Bahrain, Best Loan House — Oman, and Best Foreign Investment Bank — Oman. GIB Capital was awarded Best Local Investment Bank — Bahrain and Best Debt House — Bahrain.

BACKGROUND

The EMEA Finance Awards recognize the achievements of the best banks, asset managers and brokers in countries across the MENA region.

During the 12-month judging period, the GIB Group continued to execute landmark transactions across all of its core markets, namely Saudi Arabia, Bahrain, Oman and the UAE. These included several investment banking transactions, including mergers, acquisitions and IPOs, bonds and sukuk, and conventional and Islamic loans, several of which were sustainability linked. The GIB Group has been recognized in the last 12 months by several leading publications and associations for its outstanding work. The group aims to continue executing landmark transactions in its core markets ensuring the needs of its key clients are met.

**Osamah Al-Shaker**, CEO of GIB Capital

Jamal Al-Kishi, GIB CEO, said, “We’re grateful for the recognition conferred by these high-profile industry awards. GIB will always strive to lead the way in terms of delivering innovative, value-accretive solutions to our clients across the region. Our aspirations are ambitious as we move forward with determination to fulfill our transformative strategic plans.”
Osamah Al-Shaker, CEO of GIB Capital, added: “We’re delighted with the awards and the ongoing recognition from the industry of GIB’s capabilities, through GIB Capital, to offer a comprehensive and world-class range of investment banking products and services designed to provide innovative and customized financial and investment solutions for our clients. With the rapid development of public and private equity and debt markets in the region, we are extremely pleased with the important role we are playing in helping our clients and the regional economies maximize their growth and realize their vast potential.”

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Topics: GIB

Inter Emirates Motors launches MG One, a game-changer elevated by technology

Photo/Twitter

Updated 26 March 2023

Arab News

March 26, 2023 23:46

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Inter Emirates Motors launches MG One, a game-changer elevated by technology

Updated 26 March 2023

Arab News

March 26, 2023 23:46

The first generation of MG Motor’s new MG One has arrived in the Middle East. Available in three trims at Inter Emirates Motors, a subsidiary of Ali and Sons Holding LLC and the official distributor of MG in the UAE, the new 2023 MG One will strengthen the British-born brand’s model portfolio, offering customers even more style, technology and traveling comfort at value prices.
The MG One harnesses the latest technology with the introduction of SAIC Motor’s self-developed new modular SIGMA architecture platform, housing a 1.5 Turbo unit delivering 181 hp and maximum torque of 285 Nm — powering the vehicle to a top speed of 195 km/h. All models are equipped with an innovative seven-speed continuously variable transmission for smoother, more efficient gear changes and optimum reliability. The arrival of MG’s newest SUV is expected to help the brand reinforce its position in the top six Middle East carmakers.
The SIGMA architecture platform has been designed to optimize interior space, with up to 70 percent efficiency. The architecture compresses the mechanical space to help balance the exterior and interior space. As an all-in-one modular platform, it can house a range of all-electric, and hybrid powertrains, as well as regular internal combustion engines.