18 October, 2016

Arabian Automobiles Company Renault Launches Exclusive Offers for October

Dubai, UAE, October 18, 2016: Arabian Automobiles Company, the flagship automotive division of AW Rostamani Group and exclusive dealer for Renault in Dubai and the Northern Emirates, has launched a range of exclusive offers, for a limited time only, across the line up of Renault vehicles.
A series of unmissable deals will be offered on a well-rounded line-up of both; existing and newly launched Renault vehicles, ensuring that there is a car and a deal to suit every customer’s individual set of requirements. A deferred payment plan of 120 days can be utilised to suit varied budgets, and following the smartphone’s recent launch, Renault is offering an iPhone 7 on the purchase of any of its vehicles during this period.
The month of October at Renault celebrates customers through its range of offers including long term benefits such as five-year warranty or 1 Million kms, three years or 60,000 kms service, three year’s resale value assurance, and one year’s insurance.

The campaign will be available across Arabian Automobiles Company Renault showrooms in Dubai, Sharjah and the Northern Emirates. Those wishing to take advantage of this offer should visit Arabian Automobiles Company Renault showroom at the earliest to welcome the month of November with a brand new set of wheels.

Huawei presents a retrospective of Rami Kadi technology-inspired couture creations



Beirut (Lebanon) –18 October 2016: On the last night of Huawei Arab Fashion Week, Huawei presented a retrospective of the renowned Lebanese designer Rami Kadi technology-inspired couture creations. The looks celebrate the synergy between fashion and technology, out of which ten pieces were selected from the Parades Nuptiales, Illusions Exquise, and Lucioles Glow in the Dark collections.

As a title sponsor of the third season of Arab Fashion Week, Huawei set out to elevate the standard for design in the technology landscape and Kadi’s creations were the ideal choice for this. Each of the stunning pieces on display at the Huawei lounge reflected the natural harmony between design and innovation, a notion that Kadi himself believes will fuel the future of fashion.

From luminous textures to 3-D silk braiding, the creations were the fruit of Kadi’s passion for details, cutting-edge development techniques and daring selection of material. The thematic pieces are hand embroidered using shimmering textures made from silk, metallic threads, ribbons, sequins, and raffia to create looks that reimagine the identity of femininity and exploration.

Commenting on the collaboration, Huawei Regional MEA Marketing Director Myriam Benaroya said, “As fashion designers continually incorporate technology into the motif of their designs, new opportunities will be available for many companies to venture towards collaborative ideas, much like this one. Rami Kadi is a leading example of how fashion and technology can come together to set new standards in design. We are delighted to present him as Huawei designer for this season.”

The third edition of Huawei Arab Fashion Week (HAFW) was held from October 6-10, 2016 at The Meydan Hotel where ready-couture international and regional designers showcased their Spring/Summer 2017 collections.

هواوي تقدّم لمحة عن تصاميم رامي قاضي مستوحاة من التكنولوجيا

بيروت (لبنان)، في18  تشرين الأول 2016: قدّمت شركة "هواوي" لمحة عن ابتكارات مصمّم الأزياء اللبناني الشهير رامي قاضي المستوحاة من التكنولوجيا في آخر ليلة من أسبوع هواوي للموضة العربي. واحتفت التصاميم المختارة لهذه المناسبة بالانسجام بين الموضة والتكنولوجيا، وضمّت عشر قطع من مجموعات Parades Nuptiales، وIllusions Exquise، وLucioles Glow in the Dark.

ولأن شركة "هواوي" هي الراعي الرئيسيّ للنسخة الثالثة من أسبوع الموضة العربي، عزمت الارتقاء بمعايير التصميم المستوحى من المشهد التكنولوجي فكانت ابتكارات قاضي الخيار الأمثل لهذه الفئة. وبالفعل، كل قطعة من القطع الرائعة المعروضة في قاعة هواوي راحت تعكس التناغم الطبيعي بين خطوط التصميم والابتكار، وهو مفهوم يرى قاضي أنه سيغذّي مستقبل الموضة.

فمن الأنسجة المترفة إلى الجدائل الحريريّة الثلاثيّة الأبعاد، جاءت الابتكارات ثمرة شغف المصمّم بأدق التفاصيل وتقنيّات التطوير الحديثة وجرأة اختيار المواد. وها هي التصاميم مطرّزة يدويّاً بخيوط لمّاعة  من الحرير والمعدن والشرائط والسكوين البرّاق والرافية لابتكار خطوط تُعيد رسم هويّة للأنوثة والاستكشاف.

وحول الموضوع، قالت ميريام بينارويا، مديرة التسويق الإقليميّة لمنطقة الشرق الأوسط وأفريقيا في هواوي: "مع الاتجاه السائد في عالم الموضة والأزياء لدمج التكنولوجيا ضمن التصاميم، ستتاح فرص جديدة أمام الشركات لاستكشاف أشكال مختلفة من التعاون مشابهة لهذه الشراكة. ورامي قاضي هو مثال رائد على كيفيّة دمج الموضة والتكنولوجيا لإرساء معايير جديدة في التصميم ويشرّفنا تقديمه كأحد مصمّمي هواوي لهذا الموسم".

يذكر أن النسخة الثالثة لأسبوع الموضة العربي جرت فعالياته في فندق الميدان في دبي من 6 إلى 10 تشرين الأول 2016، وعرض خلاله مصمّمون إقليميّون وعالميّون ابتكاراتهم الجاهزة لمجموعات ربيع وصيف 2017.

17 October, 2016

Jordan closes its Inaugural Sovereign Local Currency Sukuk in Cooperation with Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA)


The landmark sovereign issuance marks a major step to develop the Islamic Jordanian capital market as well as provides Shariah-compliant banks with an investment avenue
The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of the Jeddah-based Islamic Development Bank, acted as Transaction Technical Support and Advisor. The sovereign issuance is part of comprehensive joint-Technical Assistance (TA) Package provided by Japan International Cooperation Agency (JICA) (www.JICA.go.jp/english/) and ICD. The TA also provided external practical capacity-building trainings for government employees behind the sukuk transaction.
“The sovereign issuance is of great significance for the Kingdom's full-fledged four Islamic banks, because it will give them a badly needed tool to manage their excess liquidity (estimated to be 1.4 billion dinars)”, said H.E. Omar Malhas, Minister of Finance. “As part of the fiscal reform programme implemented by the Ministry of Finance, we aim to widen the use of Sukuk in the short-term. The Sukuk will play a critical role in increasing the effectiveness of the financing mechanisms of government needs to cover the budget deficits.” he added.
As part of the fiscal reform programme implemented by the Ministry of Finance, we aim to widen the use of Sukuk in the short-term
“The sukuk was  priced inside the Kingdom’s existing conventional bond’s curve. This led to lowering the cost of borrowing for the Kingdom”, said H.E. Malhas. “This is rarely seen for first time sovereign issuers especially in the sukuk market”, he added.
“We are very proud to support the Kingdom’s plans to provide an alternative to conventional bonds for Islamic Financial Institutions to invest in.” ICD's Chief Executive Officer, Khaled Al Aboodi said. “As a development finance institution, our ultimate goal is to assist member countries in creating sustainable local Islamic Capital Markets Programs. After successfully closing the debut issuance, and provided there is availability of sufficient assets for structuring purposes, the Kingdom would be able, on its own, to issue recurring Ijarah Sukuk transactions, with various maturities, by using the same documentation and processes.", he added.
“The achievement of our joint-Technical Assistance is significant as for enabling diversification of the financing methods of the Government of Jordan, which has been generous enough to host large influx of refugees. The sukuk, Islamic financing instrument, made it possible for the government to finance itself more competitively compared to the conventional instruments. At the same time, the Islamic Banks in Jordan were also happy for such investment tool to be introduced in the Market where such instrument did not exist.”JICA’s Director of the Middle East Division 2, Tetsutaro Kon said. “By now, the Jordanian government has acquired the needed technical knowledge and practical experience which will empower them to issue further sukuk on their own.” he added.
The Kingdom (originator of the issuance) has set up a wholly owned special-purpose vehicle (issuer) in Amman. The proceeds of the issuance will be utilized for development purposes. The Central Bank of Jordan is the Issuance Manager as well as the Paying Agent.
In October 2014, ICD and JICA signed a Memorandum of Understanding (MOU) to set out a framework for collaboration in the development of Islamic Finance industry (http://APO.af/HPIulU). In particular, ICD and JICA will cooperate in supporting the development of the Islamic money market and international capital market for the countries of common interest. The MOU includes establishment of platform for international dialogue on Islamic Finance as a potential tool for inclusive and sustainable growth. Cooperation under the MOU will allow the two institutions to achieve synergies and to leverage their respective core competencies and comparative advantages.
Distributed by APO on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

تحت عنوان «انطلاقة جديدة للمستقبل» يقام "منتدى الاعلام الرقمي" بالقاهرة الاسبوع المقبل


القاهرة فى 15 اكتوبر 2016- يعقد الاربعاء المقبل "منتدى الاعلام الرقمي" للعام الثالث على التوالي فى القاهرة وذلك تحت عنوان «انطلاقة جديدة للمستقبل» يوم 19 أكتوبر المقبل في فندق الفور سيزونز النيل بلازا بمشاركة العديد من الخبراء الدوليين والاقليميين والمحليين المهتمين بمجال التكنولوجيا الرقمية ومدى تأثيرها على الإعلام في الشرق الأوسط.

يشهد منتدى هذا العام حضور متميز من المتخصصين في مجال الاعلام الرقمى وعلى رأسهم كندة إبراهيم مديرة الشراكات الإعلامية لموقع Twitterفي منطقة الشرق الأوسط وشمال إفريقيا، و مازن حايك المتحدث الرسمي لمجموعة MBC،و ماركوس سيدونس العضو المنتدب لشركة Xaxis MENA في منطقة الشرق الاوسط وشمال افريقيا، وفيكتور كالديرون مدير الحسابات لشركة  (1000Heads Dubai) ،ويوخن بيشوف مدير حلول العملاء لموقع Facebook في منطقة الشرق الأوسط،و ايمي كين المدير الإقليمي لشركة Mindshare APAC سنغافورة.

أكدت ايمي كين المدير الإقليمي لشركة Mindshare APAC سنغافورة أن"التحول الى العالم الرقمي هو اهم شيء يشغل جميع العلامات التجارية،كما اتطلع الى الاستماع لتلك التجارب في التحول الى العالم الرقمي في جميع اعمالهم حيث سنعرض هذا العام بعض من قصص النجاح التي تظهر أهمية وضرورة خفة الحركة الاستراتيجية لمواكبة المستهلكين".

أضاف مازن حايك المتحدث الرسمي لمجموعة MBC، "اتوقع أن منتدى هذا العام مختلف عن الاعوام السابقة حيث سيتم التركيز على مستقبل البرامج التلفزيونية والمنصات الرقمية، حيث اننا يجب أن نوفر محتوى يتوافق مع اهتمامات الجمهور ليتوافق مع التغير الكبير في عالم صناعة الاعلام والترفيه،بالاضافة الى مشاركة الخبرات والتجارب بين سوق الاعلام الرقمي المحلي و الاقليمي".

ويعد المنتدى هو الأول والوحيد من نوعه فى مصر حيث يناقش الاعلام الرقمي بشكل خاص، كما عزز مكانته فى العالم العربى كأهم ملتقى فى مجال الاعلام الرقمى يجمع ما بين المتخصصين فى هذا المجال من مختلف الجنسيات والأسواق وذلك منذ انطلاق دورته الأولى فى دبى عام 2012 من. قبل شركة"سبوت أون ميديا سيرفسيز اند افنتس” وهي الشركة المؤسسة للمنتدى و التي تملكها نجلا سمعان مزبودي ويقع مقرها دبي كما يعمل المنتدى كمنصة للتعارف وتبادل الخبرات لمجموعة من أهم وأبرز القائمين على وسائل الإعلام الرقمية والاجتماعية في العالم.  ويقام المؤتمر هذا العام فى القاهرة بالشراكة مع شركة Worx-EMC Theالمصرية والمتخصصة فى تنظيم الحفلات والمؤتمرات.

AUC PRESIDENT FRANCIS RICCIARDONE DISCUSSES HIS VISION, PRIORITIES AND PLANS AT A MEDIA ROUNDTABLE DISCUSSION



October 13, 2016, Cairo – The president of The American University in Cairo (AUC), Francis Ricciardone, met yesterday with members of the Egyptian press in a media roundtable discussion titled, “AUC’s 12th President Francis Ricciardone: A Vision for Excellence”,  to discuss his priorities, plans and vision for the University as it approaches its 100th anniversary. In his first semester on campus, Ricciardone’s first priority has been to meet and get to know the AUC community: students, faculty, staff and parents. “Our community can’t exist without the participation and interdependence of these four constituencies here on the ground, plus two critically important sets of stakeholders dispersed globally: our alumni and trustees,” he said, adding that it is a huge privilege to serve as the 12th president in this line of powerful tradition of service.
Ricciardone believes that AUC is a uniquely worthy place to support for its positive impact on a deeply troubled yet rich, pivotally important and dynamic region of the world. “AUC is unique in bringing together the best of East and West. The University’s location in Cairo –– “Mother of the World” –– and our American liberal arts education, with its emphasis on critical thinking and inquiry-based thought, give AUC its distinctive identity.” He explained that AUC has always been Egypt’s global University, serving as a portal for Egyptians from all walks of life to not only learn English, but also to learn how the outside world works: its science, literature, music, art, comparative religions, economy, business, ideas and innovation.

He stressed that his main focus as president is to strengthen the sense of community at AUC. “If there is one thing that is a priority for me, what brought me here, it is our community: its health, its vibrancy and its impact on the world. “Three pillars that have been important throughout our first century, and which we must carry into our second century: identity, continuity and excellence.”
Focusing on excellence, Ricciardone explains that this is the word that best describes AUC and what the University will always strive to become. “Excellence demands personal and community discipline and effort, and very substantial fiscal resources. It is rare, and it is not cheap. That’s what we offer at AUC. Excellence also means a focus on the whole person –– training students to be globally qualified, competitive, innovative and giving –– demanding in the first instance of himself or herself, not of others.”

Ricciardone explained that his job as AUC president –– as with presidents of all U.S. nonprofits –– is to keep raising funds from people who believe that each generation bears a shared responsibility toward the next, and that supporting high-quality education is the best and most impactful way to discharge that responsibility of the “intergenerational compact.”

Prior to becoming the president of AUC, Ricciardone was the vice president and director of the Rafik Hariri Center for the Middle East at the US-based Atlantic Council. He served as the US ambassador to Turkey from 2011 to 2014, chargé d’ affaires and deputy ambassador to Afghanistan from 2009 to 2010 and the U.S. ambassador to Egypt from 2005 to 2008. He also served as US ambassador to the Philippines and Palau from 2002 to 2005.

Spending three years as U.S. ambassador to Egypt, Ricciardone expressed how he now feels at home, back to Egypt. “It has an incredible history and is one of the oldest civilizations that humanity knows. It’s not only a place to study the past, but also to develop science for the future. Egypt is all about continuity, durability and sustainability. It’s been through ups and downs — foreign occupations, wars, revolutions, collapse of empires, new dynasties, great periods of building, art, science, growth and advancement. The story of humankind is right here on the Nile.”

Ricciardone discussed the main challenges he foresees in the near future, in maintaining AUC’s international perspective by attracting international students back to Egypt, amidst other states and societies violently falling apart in the region. He explained that keeping AUC’s resources replenished and ensuring the University is sustainable, is a priority. “Compared to other private universities in the United Sates,” he said, “AUC is healthy, but not wealthy, and above all perhaps, the struggle for excellence vs. the universal pressures for mediocrity and conformity with the herd. This means, for example, hiring top-notch faculty in all fields –– from the sciences to the arts –– who perform at global standards and accept no less. Continuously raising funds for scholarships.”

He noted that currently, every student at AUC is enjoying a subsidy. “No student pays more than 60 percent of the cost of his or her education, and in addition, 60 percent of students receive full or partial scholarships to study at the University. We need to increase scholarships while keeping the cost of tuition down as much as possible,” he said.

Despite the challenges Ricciardone highlighted the opportunities within AUC, “we have strong assets in our people –– expert faculty; dedicated staff; bright and ambitious students; parents who care, are forward-looking and ready to sacrifice for their children; and alumni who are making a difference in the world –– and who see that AUC helped launch their careers and enrich their lives,” he said, “we have a fabulous new campus, and our reputation at home and abroad is very special and precious. This reputation means everything to AUC. Without it, we cannot build and strengthen our identity and cannot sustain our continuity. But we can never take our reputation for granted amidst the global competition. We must live up to this reputation for excellence, and we can only do that as one, solid community.”

Ricciardone stressed that “the four defining traits at AUC are under one good acronym:  G.I.V.E –– Giving, Integrity, Vitality and Excellence. That’s who we are.”

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