Business bulletins

Hyundai Motor Group Becomes Most Awarded Automotive Group in the J.D. Power 2020 U.S. Initial Quality Study

Hyundai Motor Group Becomes Most Awarded Automotive Group in the J.D. Power 2020 U.S. Initial Quality Study

Hyundai Motor Group combined for seven model-level awards, the most for an automotive group with winners including Hyundai’s Tucson and Veloster Dubai, July 06, 2020 – Hyundai Motor Group received the most model-level awards in the J.D. Power 2020 U.S. Initial Quality Study (IQS), as seven models ranked highest in their segments. For Hyundai, J.D. Power ranked Hyundai

BLOM Lebanon PMI: Macro highlights – June 2020

While the rest of the world moves beyond Coronavirus measures, Lebanon struggles to grapple with dual crises. Most nationsbegan to overcome the standstill generated by the notorious pandemic. This is apparent via PMI composite output index of the USA, Eurozone, UK, China, Brazil, Russia and Australia among others, which rose from all-time lows in May

Saudi Ground Services Boosts Aviation’s USD 37 Billion GDP Contribution

Digital Transformation with SAP Provides Real-Time Insights on Operations and Talent JEDDAH, Kingdom of Saudi Arabia — 6 July 2020 — Saudi Ground Services, the Kingdom’s leading aviation ground handling services company, announced today that its digital transformation with SAP is boosting the aviation sector’s USD 37 billion contribution to GDP. Saudi Vision 2030 is rapidly developing

Abu Dhabi Ports Promotes Global Supply-Chain Resilience in Times of International Trade Challenge

Abu Dhabi, United Arab Emirates, 02 July, 2020: Supply-chain resilience will play a pivotal role in determining whether companies engaged in global trade are able to weather the logistical challenges presented by COVID-19, said Abu Dhabi Ports in a white paper launched at a recent high-level expert webinar hosted by the company. According to industry experts from around

L’Oréal unveils its next generation of bold sustainability targets for 2030

Beirut – Lebanon, 26th June 2020 – L’Oréal launches today its new sustainability program “L’Oréal for the future”, laying down the Group’s latest set of ambitions for 2030. In the context of growing environmental and social challenges, L’Oréal is accelerating its transformation towards a model respecting planetary boundaries and reinforcing its commitments to both sustainability

Ferrari Defies Corona Crisis: German Car Manufacturers With Double the Losses of Premium Italian Brand

Since the stock market crash on 19 February, Ferrari’s stock market value has fallen by 10.2%. Over the same period, however, their German rivals’ lost significantly more in market value, as can be seen in a new infographic from Losses at Volkswagen and Porsche were 21.8% and 21.5% respectively. Although the automotive industry is

Nahdi Medical Company Transforms its Financial Management with Infor

Saudi-based pharmacy chain automates its treasury and payment systems, boosting efficiency and visibility as it plans regional expansion Dubai, UAE – July 2, 2020 – Infor, a global leader in business cloud software specialized by industry, today announced that Nahdi Medical Company, a Saudi Arabia-based pharmacy retail chain, has digitally transformed its financial management, payment systems, and financial

Three Steps for Middle East Organizations to Enhance Cybersecurity Amid COVID-19 Coronavirus Spikes

Dubai, United Arab Emirates Amid the spike in COVID-19 coronavirus cybersecurity threats tied to remote work, Middle East organizations should follow a three-step process of education, testing, and long-term strategizing, industry experts announced today. Worldwide, organizations saw a 70 percent increase in remote work from February-April 2020 – with a concurrent rise in cyberattacks such

Maserati presents Nettuno: the new 100% Maserati engine that adopts F1 technology for a road car

Maserati Nettuno: 100% Maserati: 100% Made in Modena A futuristic engine produced by Maserati’s team of technicians and engineers, protected by international patents. Technical specifications confirmed for the new engine. Technological features derived from Formula 1,  resulting in improved engine efficiency, increased performance and reduced consumption. The MC20 super sportscar, the first Maserati to adopt