Abeer announces soft launch of ‘Lavender Health’

The soft launch took place at the Global Health Exhibition, attended by high-profile guests.
The soft launch took place at the Global Health Exhibition, attended by high-profile guests.
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Updated 25 November 2024
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Abeer announces soft launch of ‘Lavender Health’

The soft launch took place at the Global Health Exhibition, attended by high-profile guests.

Abeer Medical Group has announced the soft launch of Lavender Health, a premium speciality healthcare facility dedicated to provide value-based healthcare services. The soft launch took place at the Global Health Exhibition, attended by high-profile guests including Dr. Ibrahim Alomar, assistant deputy minister for health investment, along with officials from the Ministry of Health and senior leadership from Abeer Medical Group. The event marked a significant milestone in the group’s ongoing commitment to providing exceptional healthcare services, emphasizing quality and a delightful experience for everyone.
Alungal Mohammed, president of Abeer Medical Group, said: “As we embark on the 25th year in the Kingdom, I am happy to introduce Lavender Health, a new vertical with a selected set of specialities for the niche group. This facility is a testament to our dedication to high-quality healthcare and our mission to meet the evolving needs of our care seekers.”
Dr. Alomar said: “The launch of Lavender Health is a commendable initiative that aligns with our continual efforts to enhance healthcare accessibility and quality in the Kingdom. We applaud Abeer Medical Group for their initiative and dedication to improving the health and well-being of our citizens.”
Lavender Health is set to offer a wide range of healthcare services equipped with state-of-the-art technology and skilled healthcare professionals, ensuring that care seekers receive the highest standard of care.

 


New Murabba unveils ESG & decarbonization strategies

New Murabba unveils ESG & decarbonization strategies
Updated 08 December 2024
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New Murabba unveils ESG & decarbonization strategies

New Murabba unveils ESG & decarbonization strategies

New Murabba, a Public Investment Fund company, has announced the launch of its environmental, social, and governance and decarbonization strategies, coinciding with International ESG Day, observed on Nov. 30. These strategic frameworks reinforce New Murabba’s commitment to sustainable development and align with the Kingdom’s Vision 2030.

New Murabba’s comprehensive decarbonization strategy charts a clear path toward a low-carbon future, echoing the goals set out in the Saudi Commitment to Carbon Neutrality by 2060 and the PIF’s pledge for operational net-zero emissions by 2050. This approach aligns seamlessly with the ambitious targets of the Saudi Green Initiative, which seek to significantly reduce greenhouse gas emissions, champion renewable energy adoption, optimize energy efficiency, utilize low-carbon materials, and embrace circular economy principles.

Developed through extensive collaboration with employees, stakeholders, and leadership, New Murabba’s ESG strategy underscores its dedication to responsible and sustainable practices. The strategy outlines clear objectives and actions across three core pillars:

• Environment: minimizing environmental impact through initiatives such as carbon footprint reduction and responsible resource management.

• Social: creating a positive social impact by fostering diversity, equity, and inclusion, prioritizing worker well-being and safety, and upholding strong ethical standards.

• Governance: strengthening corporate governance through robust risk management, transparency, accountability, and responsible leadership.

“We’re proud to launch our ESG and decarbonization strategies, marking a significant milestone in our journey toward creating a sustainable urban destination,” said Michael Dyke, CEO of New Murabba. “Our decarbonization strategy is a testament to our dedication to supporting the Kingdom’s vision for a carbon-neutral future by 2060. New Murabba is committed to leading by example, demonstrating how responsible development can drive positive change for both our community and the planet. We are confident that these strategies will enhance our environmental performance and create long-term value for our investors and stakeholders.”

New Murabba’s dedication to ESG principles and decarbonization strengthens confidence among stakeholders who prioritize sustainable and impactful development. The project’s proactive approach to sustainability positions it as an attractive prospect for those seeking long-term value and positive environmental and social outcomes.

The strategies are intrinsically linked to the UN’s Sustainable Development Goals, supporting key goals such as SDG 11 (sustainable cities and communities) and SDG 13 (climate action).

 By prioritizing sustainability in every facet of its design and operation, New Murabba will serve as a model for responsible urban development, inspiring similar initiatives across the Kingdom and beyond.


SADAFCO, Hyperview partner for sustainable transportation

SADAFCO, Hyperview partner for sustainable transportation
Updated 08 December 2024
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SADAFCO, Hyperview partner for sustainable transportation

SADAFCO, Hyperview partner for sustainable transportation

Saudia Dairy and Foodstuff Company, known as SADAFCO, and Hyperview Logistics Company, owned by Hyperview Mobility (Shanghai) Company Ltd., have signed a non-binding groundbreaking memorandum of understanding to drive the adoption of hydrogen-powered logistics in Saudi Arabia. This collaboration marks a significant step toward achieving sustainable transportation and aligns with the goals of Saudi Vision 2030.

The partnership is currently in discussions to explore the possibility of testing hydrogen-powered trucks in the Kingdom.

SADAFCO described it as a testament to the company’s commitment to reducing its environmental impact and embracing innovative technologies. SADAFCO aims to achieve a zero-carbon fleet by 2045, with plans to have 90 percent of its fleet powered by clean energy by 2035. This initiative complements its ongoing efforts to test and integrate electric trucks in the Middle East. By collaborating with Hyperview, a leader in hydrogen mobility, SADAFCO is poised to redefine logistics operations in Saudi Arabia with zero-carbon solutions.

Dr. Feilong Liu, CEO of Hyperview Mobility, said: “This collaboration with SADAFCO is an exciting opportunity to showcase the potential of hydrogen-powered transportation in one of the world’s most dynamic markets. Together, we aim to set new benchmarks for sustainable logistics.”

Brian Strong, chief transformation officer of SADAFCO, added: “SADAFCO is proud to partner with Hyperview in advancing our zero-carbon fleet strategy.”

This initiative underscores our commitment to sustainability and innovation, paving the way for a cleaner, greener future.”

SADAFCO is a leading producer and distributor of high-quality dairy and food products in Saudi Arabia. With a strong focus on sustainability, SADAFCO is committed to implementing innovative solutions that reduce environmental impact.

Meanwhile, Hyperview Mobility is a global leader in hydrogen-powered transportation technologies. With cutting-edge solutions and expertise in hydrogen infrastructure, Hyperview is committed to enabling a sustainable future.


PIF’s Folk Maritime launches new service route

 Connecting Arabian Gulf ports enhances regional connectivity and international markets.
Connecting Arabian Gulf ports enhances regional connectivity and international markets.
Updated 08 December 2024
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PIF’s Folk Maritime launches new service route

 Connecting Arabian Gulf ports enhances regional connectivity and international markets.

Folk Maritime Services Company, a Public Investment Fund company and one of the region’s emerging leaders in providing regional liner and feeder services, has launched a new service route connecting key Arabian Gulf ports, including Dammam, Umm Qasr, and two of India’s largest commercial ports, Nhava Sheva and Mundra.

The India Gulf Express Service had its first Dammam call on Oct. 30, by m/v Asterios, a modern 1,800 TEU container vessel. The vessel carried imported cargo from India before proceeding to Umm Qasr. The service, which initially began as a 14-day service, will gradually ramp up to become a weekly call by December.

The new route follows the launch of the India Red Sea service in September. Both routes serve to strengthen trade ties with India, facilitating the movement of consumer goods, petrochemicals, and other essential commodities, reinforcing the growing “friend-sourcing” partnership between Saudi Arabia and India. Connecting Arabian Gulf ports enhances regional connectivity and international markets, focusing on Asian, African, and European trade corridors.

Dammam ranks among the top 10 ports in the Middle East, handling 2.7 million TEUs annually, making it a vital player in both regional and global supply chains.

Poul Hestbaek, chief executive of Folk Maritime, said: “We are excited to introduce our first service to the Arabian Gulf, which fills a critical gap in the logistics supply chain and supports our mission to connect ports, industries, and world-leading liners. Opening this route aligns with Vision 2030 to position Saudi Arabia as a leading logistics hub. It strategically places Dammam, a key player in meeting the Vision 2030 goal, as a logistics hub center and marks a significant milestone for Folk Maritime as the first Saudi company to offer this service.”

Kim Larsen, chief commercial officer of Folk Maritime, added: “We are focused on expanding our service routes to meet the evolving needs of our customers. The launch of the India Gulf Express Service is a major achievement for us as a company as it improves our range of coverage and provides our customers with more solutions.”

Folk Maritime is the first Saudi company to provide comprehensive connectivity in the region, covering all of the Kingdom’s ports. Through these new routes, the company is committed to delivering reliable, efficient, and strategically important maritime services to meet the growing demands of global trade.

Since its launch, Folk Maritime has established four unique new routes, each supported by dedicated vessels, exemplifying rapid growth and operational agility. This most recent expansion of Folk Maritime’s services further positions Saudi Arabia as a global logistics hub, facilitating regional and international trade and contributing to the Vision 2030 goals of economic diversification. 


Najm, Aramco raise awareness on off-job injuries

Najm, Aramco raise awareness on off-job injuries
Updated 07 December 2024
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Najm, Aramco raise awareness on off-job injuries

Najm, Aramco raise awareness on off-job injuries

Najm for Insurance Services participated in the Off-Job Injuries Awareness Campaign organized by Saudi Aramco, under the slogan “Everyday Safety: Small Choices, Big Impact.” The campaign promotes safety culture among employees and highlights the importance of simple decisions in preventing off-job injuries.

Najm’s participation in this campaign reflects its ongoing efforts to raise awareness on the importance of traffic safety and its pivotal role in protecting drivers from accidents and the resulting injuries. The company took part in the forum accompanying the campaign, held on Nov. 26. A presentation by Head of Customer Service Excellence Department Naif Al-Rahbini showcased key solutions and initiatives launched by Najm to enhance the “traffic safety triangle,” which includes the driver, the vehicle, and the road.

Through its presentation and awareness booth at the exhibition, Najm highlighted its innovative solutions to enhance traffic safety for vehicle insurance policyholders. These included insurance programs, no claim discounts, awareness campaigns, and the telematics system, which is an advanced mechanism to measure driving behavior and evaluate the commitment of drivers to the right driving rules. Najm also presented solutions that improve road infrastructure by identifying areas with the most frequent traffic accidents, as well as systems to ensure flexibility and a rapid response to accident reports. Additionally, it showcased services targeting vehicle repair, such as the Najm Repair Network service, which provides high-quality repairs for vehicles affected by traffic accidents.

Vice President of Customer Services of Najm Mohammed A. Alzndi described the campaign as an opportunity to foster collaboration among national entities to promote safety. He said: “This campaign represents a pioneering initiative that underscores the importance of solidarity between national entities and various sectors in spreading the culture of safety and supporting community efforts to achieve a safer environment.”

Najm’s participation in this campaign reaffirms its commitment to social responsibility and its vital role as a strategic partner for the insurance and safety sectors.”

Alzndi said that Najm’s efforts to develop innovative solutions enhance safety and protect individuals, in line with the goals of Saudi Vision 2030, which aims to achieve sustainable and inclusive development. He highlighted Najm’s active role in supporting the community through its campaigns such as “Insure and Be Safe,” which raises awareness about the importance of insurance in ensuring rights, achieving financial stability for vehicle owners, and enhancing road safety, which reflect positively on society and the national economy.

The Aramco Off-Job Injuries Awareness Campaign, held at the Khurais Emergency Response Center, featured a range of activities, including interactive workshops, awareness talks, and presentations, alongside the distribution of educational materials promoting daily safety practices.


15th VTB ‘Russia Calling’ Investment Forum concludes in Moscow

15th VTB ‘Russia Calling’ Investment Forum concludes in Moscow
Updated 07 December 2024
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15th VTB ‘Russia Calling’ Investment Forum concludes in Moscow

15th VTB ‘Russia Calling’ Investment Forum concludes in Moscow

Over the two days of the 15th VTB “Russia Calling!” Investment Forum, almost 2,000 guests including retail investors, businessmen and government officials visited the event. More than 250 journalists covered the forum events on the ground.

On Dec. 4, more than 500 representatives of Russian business and government agencies, as well as about 300 entrepreneurs from 35 countries, primarily China, Iran, India, Arab countries, Central Asia, Europe, and Africa, gathered at the forum site at the WTC. 

At the macroeconomic session, the forum participants discussed Russia’s monetary and budgetary policy, the labor market and increasing labor productivity, the state of the economy and the country’s banking sector. The discussion was attended by the heads of Russia’s financial block, regulator, business community and foreign participants.

The main event of the first day of the forum was the speech by Russian President Vladimir Putin, who spent two hours answering questions from the guests. The key topics included overcoming sanctions, developing economic relations between Russia and the Global South, implementing infrastructure and logistics projects and improving the investment climate.

Dec. 5 was dedicated to financial market development and retail investors, who are the driving force in the Russian stock market today. At the plenary session, VTB My Investments analysts presented their investment strategy for 2025 and forecasts for key macroeconomic indicators, integrating stock market instruments with high yields. The participants of the session called this “a strategy of hope for lower interest rates.” In addition, VTB My Investments and Frank RG presented a research of retail investors’ sentiments and their requests for long-term investments.

More than a 1,000 guests took part in sessions with issuing companies and representatives of government agencies, addressing questions to speakers and experts, and participating in an intellectual quiz throughout the day. The key topics for discussion were stimulating the development of the stock market, long-term investments, companies going public, and traditional and alternative investment instruments. 

The forum’s media partners included Russia 24, RBC, RT, Business FM, TASS, RIA Novosti, Gazeta.Ru, Kommersant Publishing House, Vedomosti, and Izvestia Media Center. The foreign media partner of “Russia Calling!” this year was Asharq Business, a leading financial media outlet in the Arab world headquartered in Riyadh.

The “Russia Calling!” Investment Forum has been held since 2009. Every year, the event attracts an authoritative audience, including representatives of government agencies, heads of Russian and international companies, and investors. The forum agenda covers the most topical issues of the global economy, finance and business sectors.