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YIWU, China--(BUSINESS WIRE/AETOSWire)-- China Yiwu Imported Commodities Fair 2019, the professional platform for international small commodities to enter China, will open on May 23-26, 2019 at the Yiwu International Expo Center in China’s small commodities paradise Yiwu City.

The Fair of this year will cover an exhibition area of over 50,000 square meters, providing 2,000 international standard booths in 4 exhibition zones, namely Asia Pavilion I, Asia Pavilion II, European Pavilion and America-Australia-Africa & Cross-border Trade Pavilion.

The imported commodities to be displayed will include household items, maternal and child supplies, beauty and personal care, crafts, home appliances, food and beverage, health and nutrition, fashion accessories, creative toys, stationery, sports goods, clothing and accessories. The Fair is expected to attract over 1,500 business companies and organizations from over 100 countries and regions across the world. The number of visitors and buyers will exceed 120,000.

The Import Commodities Procurement (Yiwu) Summit, as one of the core activities during the Fair, will gather leading retailers including Walmart, Carrefour, Lianhua Supermarket, HNA Retailing, and China Resources to place orders on-site.

Other activities will include UCLG ASPAC Executive Bureau Conference 2019, “Belt and Road” International Urban Economic and Trade Cooperation (Yiwu) Dialogue, China Import E-Commerce Supply-Chain Conference, as well as Spanish Culture Week, overseas new products launch show, world culture shows, food carnival, and imported red wine tasting.

China Yiwu Imported Commodities Fair was founded in 2012 as a professional platform for introducing overseas consumer goods to China. In 2015, echoing the national “Belt and Road Initiative”, and endeavoring to advance the construction of the Yiwu-Xinjiang-Europe railway and Yiwu-Ningbo-Zhoushan port, the Fair was elevated in terms of level and scale, and began to be co-sponsored by the China International Chamber of Commerce and the China Business Federation. In June 2016, China Yiwu Imported Commodities Fair was certified by UFI, becoming the first of its kind in China to pass the certification. Now, the Fair has become one of the first-choice platforms for oversea consumer goods brands entering China.

The pre-registration for exhibitors and buyers, including imported goods trading companies, supermarkets and cross-border e-commerce platforms, is still open at: http://www.importfair.cn/en/pre-reg/

View source version on businesswire.com: https://www.businesswire.com/news/home/20190429005422/en/

*Source: AETOSWire

LONDON-- (BUSINESS WIRE/AETOSWire)—AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Al Ahleia Insurance Company S.A.K.P. (Al Ahleia) (Kuwait). The outlook of these Credit Ratings (ratings) remains stable.

The ratings reflect Al Ahleia’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Al Ahleia’s balance sheet strength is underpinned by risk-adjusted capitalisation, which, as measured by Best’s Capital Adequacy Ratio (BCAR), is at the strongest level, and good financial flexibility with no financial leverage. An offsetting factor is the company’s significant holdings in private equity and real estate funds, which expose its capital base to potential volatility. Al Ahleia’s dependence on reinsurance is moderate overall, as the high cession rate of the direct portfolio is diluted by significant retention of reinsurance business written by the company’s subsidiary, Kuwait Reinsurance Company K.C.S.P. (Kuwait Re).

Al Ahleia has a five-year average return on capital of 9.3%, supported by solid technical performance and positive, albeit volatile, investment earnings. The company’s direct insurance portfolio has a track record of excellent performance, helped by favourable inward reinsurance commissions. On a consolidated basis, technical margins are reduced by the lower profitability of reinsurance business underwritten by Kuwait Re, but remain robust, demonstrated by a combined ratio of 96.2% in 2018. Prospective consolidated earnings are expected to

reflect the continued excellent performance of Al Ahleia’s direct insurance operations, as well as the benefits of strategic decisions implemented by Kuwait Re to improve the profitability of its reinsurance portfolio.

Al Ahleia has an established position as a top four insurer in Kuwait’s direct market, with a particular good market share in the commercial segment. Its profile is enhanced by reinsurance arm, Kuwait Re, which provides international diversification through operations spanning the Middle East and North Africa, Asia-Pacific and Central and Eastern Europe. On a consolidated basis, the Al Ahleia group wrote gross premiums of KWD 84.0 million in 2018, with Kuwait Re contributing KWD 44.2 million.

Whilst Al Ahleia and Kuwait Re have in place risk management frameworks considered appropriate for their specific risk profiles, Al Ahleia is still developing a comprehensive group-wide ERM framework. As the group’s risk profile continues to develop, it will become increasingly important for Al Ahleia to enhance its ERM capabilities, particularly in areas such as capital management and market risk.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

 

*Source: AETOSWire

Jihad Azour, International Monetary Fund (IMF) Middle East and Central Asia director, speaks during an interview with AFP at Dubai's International Financial Center on April 28, 2019. — AFP

Iran's economy is expected to shrink for the second consecutive year and inflation could reach 40 per cent, an International Monetary Fund senior official said, as the country copes with the impact of tighter sanctions imposed by the United States.

Washington, which re-imposed sanctions against Iran's oil exports last November, this month demanded buyers of Iranian oil to stop purchases by May or face sanctions, ending six months of waivers which allowed Irans eight biggest buyers to continue importing limited volumes.

Irans economy shrank by 3.9 per cent last year, according to IMF estimates, and is expected to shrink by 6 per cent in 2019, Jihad Azour, director of the IMF's Middle East and Central Asia department, told Reuters adding, however, that the projection preceded the latest elimination of waivers.

US sanctions against Iran have denied its government more than $10 billion in oil revenue, a US official said earlier this month.

The Iranian currency, the rial, lost more than 60 per cent last year, disrupting Irans foreign trade and boosting annual inflation.

The Iranian rial official rate is set at 42,000 rials to the US dollar, but its market rate stood at around 144,000 against the US dollar on Sunday, according to foreign exchange website Bonbast.com.

Iran should work to eliminate the gap that currently exists between the market exchange rate and the official exchange rate, said Azour.

"By aligning the market and official rates this will help tame and control inflation and will reduce pressure on the exchange rate."

The currencys slide, from levels around 43,000 at the end of last year, has eroded the value of ordinary Iranians savings, triggering panic buying of dollars.

The weak currency and galloping inflation have been a complaint of sporadic street protests since late 2017.

Prime Minister Imran Khan meeting Huawei CEO Ren Zhengfei in Beijing on April 28. — Ministry of Planning

Prime Minister Imran Khan on Sunday met the founder and chief executive of Chinese tech giant Huawei, Ren Zhengfei, in Beijing, who expressed his interest in making "heavy investment" in Pakistan, according to a statement by the Ministry of Planning.

Huawei has already set up a regional service centre in Pakistan, the statement notes, adding that 600 IT professionals are presently working there.

The prime minister also met with representatives of other leading Chinese firms, who pledged large-scale private sector investment in Pakistan.

The CEOs of Rainbow Agritech Group, Challenge Apparel, Li & Fin Corporation, and Foton cars were among the business leaders who met the premier, according to the planning ministry handout.

 
Prime Minister Imran Khan in a discussion with Huawei CEO Ren Zhengfei. — Ministry of Planning

 

Board of Investment (BoI) Chairman Haroon Sharif and Advisor to PM on Commerce and Industry Abdul Razak Dawood were also present during the meetings. The prime minister directed the BoI chairman to remove any hurdles faced by investors and ensure that they are facilitated on a priority basis.

Multiple new memoranda of understanding were inked with various Chinese firms to further cooperation in diverse fields, the details of which are as under:

  1. China Railway Construction Corporation (International) Limited and Fastrack Silverlink (Pvt) Ltd in conducting railway cargo business
  2. Memorandum of Understanding (MoU) between the Government of Pakistan and China Overseas Port Holding Company (COPHC) Ltd under the Clean Green Pakistan movement
  3. MOU for setting-up the first cloud centre in Pakistan for the finance and media industry in collaboration with Huawei Technologies and Airlink Communication
  4. Theatrical distribution agreement between M&D Films Pakistan and Fire International Media of China for release of the film 'Parwaz Hay Junoon' in China
  5. Framework investment agreement between China-Pak Energy Investment (Suzhou) Co Ltd, Sinohydro Corporation Ltd and Pakhtunkhwa Energy Development Organisation (PEDO) of KP government for Toren More Kari hydro power project (350 MW) in Chitral and Jameshill Toren More hydropower project in KP
  6. Joint investment agreement with Beijing Jingneng Power Co Ltd, Power China International Group Limited and Oracle Power PLC for 2x600 MW Thar Coal Based Power Project at Thar Block VI, Sindh (CPEC Project)
  7. Cooperation agreement of renewable energy with Power China International Group Limited and Atlas Power Limited
  8. Signing of a joint venture with Sansheng Group for development of Industrial Zone in Pakistan
  9. Mou for establishment of Agri platform at Qingdao Cit
  10. Mou for Bei Da Huang Group and JW SEZ Group Pakistan
  11. Textile industry agreement between Shanghai Yuanyui Industry Co Ltd, China Railway 20 Co Pakistan (Private) Limited, Board of Investment of Pakistan and Pak China Investment Company Limited
  12. Agreement for modern agriculture comprehensive development between China Machinery Engineering Corporation (CMEC) and Government of Balochistan
  13. Signing of financial agreement between HUBCO and Thalnova for development of 330 MW coal fired power plant in Thar Block 2.
  14. MOU for joint venture of K-Electric 700MW Coal Based Power Project in Partnership with CMEC
  15. MOU for Modern Agriculture Comprehensive Development Project with Fatima Group Co Ltd
  16. Agreement between China Road and Bridge Corporation (CRBC) and Khyber Pakhtunkhwa Economic Zone Development and Management Company, Pakistan (KPEZDMC)

Dubai, United Arab Emirates, 22 April 2019, (AETOSWire): The Coca-Cola Company (TCCC) has signed a 10-year agreement for the exclusive naming rights of the brand new indoor multipurpose arena in Dubai. Now known as the Coca-Cola Arena, the breath-taking venue is the largest of its kind between Istanbul to Singapore and will further establish Dubai as a major destination for world music tours, sporting competitions, family shows and corporate events.

The venue, with an impressive capacity of 17,000, is scheduled to open in June this year. The Coca-Cola Arena will put Coca-Cola at the centre of the entertainment landscape in the region and will join a growing number of entertainment venues around the world where Coca-Cola is served.

Up there with iconic locations like Piccadilly Circus in London or Times Square in New York City; the latest addition to the Dubai skyline will be proudly named under the global icon Coca-Cola, bringing the best in global entertainment and sports to the region.

Speaking on the new agreement, Murat Ozgel, General Manager of Coca-Cola Middle East and Deputy Business Unit President of Coca-Cola Middle East and North Africa said: “This is a milestone deal for The Coca-Cola Company as the Coca-Cola Arena will bring more than 40 events every year to the hugely anticipated destination, putting us at the centre stage of entertainment. The Coca-Cola Arena will firmly position itself as a leading destination helping Dubai claim its place among the main global metropoles like NYC, Tokyo, Paris and London.

Music, sports and entertainment are part of the fabric and heritage of Coca-Cola brand DNA and the arena is yet another example of our determination to create lifelong memories through unforgettable experiences” he added.

The state-of-the-art multipurpose arena is owned by Meraas and will be operated by the reputable, international venue management company AEG, who also operate London’s O2 Arena, STAPLES Centre in Los Angeles, Mercedes-Benz Arena in Shanghai and Qudos Bank Arena in Sydney.

Meraas Group Chairman His Excellency Abdulla Al Habbai commented on the momentous announcement: “We are proud to have a company of such worldwide renown as Coca-Cola taking on the naming rights for the arena in the long-term. It is a testament to the unrivalled positioning of Dubai as a global tourism, leisure and entertainment hub”.

Guy Ngata, AEG Ogden’s CEO of Coca-Cola Arena said: “We are proud to partner with Meraas and Coca-Cola as we launch the UAE’s first world-class, multipurpose indoor arena. We look forward to working closely together over the next 10 years”.

*Source: AETOSWire

Dubai-based architectural engineering studio is spreading its international footprint.

Committed to leveraging the firm’s experience in the Middle East, Dewan Architects and Engineers is making significant inroads into SE Asia.

Dubai, United Arab Emirates, 21 April 2019, (AETOSWire): With SE Asian countries experiencing record growth and development and setting new standards for design and hospitality concepts, Dewan Architects and Engineers is keen to actively participate in the success of these economies and to tap into the wealth of experience and expertise they have amassed during their 35 years of operation.

With the vast majority of their work over the past 35 years focused on the Middle East, with key markets in UAE, KSA and Iraq, Dewan Architects and Engineers is also known for its extensive work in Europe, Africa and parts of Asia. The architecture practice is now targeting SE Asia and will be applying their extensive knowledge to work closely with real estate developers there in order to further optimise the work being done in the region.

Dewan Architects and Engineers currently operates a branch office in Manila. Established in 2007, today it is staffed with over 60 BIM-qualified architects. With their comprehensive experience in the Philippines, the firm points out that practices there are similar to those in the UAE. “Philippines is a steady growth market with a fast-developing design scene, a readily available source of skilled technicians, and a similar work structure to the UAE,” says Ammar Al Assam, Executive Director of Dewan Architects and Engineers.

In line with its strategic plan to enter the SE Asian market as a reputable architectural design firm, Dewan recently inaugurated its office in Hong Kong with plans afoot to establish another office in Ho Chi Min City, Vietnam in late 2019.

As a global practice that caters for an ever-unified user base, directors at Dewan say that every market they enter enriches their design ethos and that they are always careful to apply local cultures and knowledge.

Commenting on their future expansion plans in Asia, Mr Al Assam, said: “Our mid-term plan is to handle four to five projects a year from our existing design hubs, and at a later stage to establish a local office that would be self-sufficient in both Business Development and design, either organically or through acquisition of established local practices.”

A multi-disciplinary architectural and engineering consultancy firm which regularly crosses not just borders, but boundaries of innovation, Dewan Architects and Engineers has offices in Iraq, Kingdom of Saudi Arabia, Philippines, and Barcelona. Along with East Asia, future expansion plans include Africa and Central Asia.

About Dewan Architects and Engineers

Celebrating 35 years of design excellence, Dewan Architects and Engineers has been at the forefront of the Middle East's booming architectural and engineering design sector for more than three decades. Founder and current Chairman and Managing Director, Mohamed Al Assam, established the inaugural Dewan office in Abu Dhabi in 1984 and successfully completed Dewan's first high-rise commercial project, Baniyas Tower, in 1988, which cemented Dewan's presence as a major player in the regional architectural scene. In 1999, Dewan's Dubai design studio was established, and it has rapidly become a prominent and integral contributor to the emirate's burgeoning and iconic skyline. Dewan further entrenched its leadership market position by establishing new offices in Iraq, Kingdom of Saudi Arabia, Philippines, and Barcelona with plans to further establish offices in SE Asia and Africa. Today Dewan is recognized as a global multi-disciplinary practice, ranked as one of the top three firms regionally, and in the top 50 firms globally as rated by leading industry publications and its peers.

*Source: AETOSWire

‘Z 7 voted as Best Full Frame Professional Camera, amongst the accolades received from the reputable international awards’

Dubai, United Arab Emirates, 21 April 2019, (AETOSWire): TIPA WORLD AWARDS recognise the best products in the photography and imaging industry, and Nikon Middle East FZE. is pleased to present four products which are recipients of the prestigious TIPA WORLD AWARDS 2019 sponsored by the Technical Image Press Association (TIPA), a global authority in the industry.

 

The Nikon D3500 digital SLR camera was selected for the Best DSLR Camera award, the mirrorless camera Nikon Z 6 for the Best Full Frame Camera Expert award, Nikon Z 7 for the Best Full Frame Professional Camera award, and the NIKKOR Z 14-30mm f/4 S for the Best Mirrorless Wide Angle Zoom Lens award.

 

Summary of TIPA comments for Nikon Z 7 as the BEST FULL FRAME PROFESSIONAL CAMERA award

 

A High-Res Performer

The high-resolution Nikon mirrorless Z 7 sports an FX-format CMOS sensor delivering 45.7 effective megapixels that produces large, stunning image files. It supports an ISO range of 64-25600 ISO with expanded ISO of 32 to 102400. The EVF has coverage of approximately 100% with the ability to set numerous shooting parameters while looking through the viewfinder. Video capabilities include 4K UHD as well as Full HD 120p1 shooting, and support of Active D-Lighting, electronic VR2, and focus peaking. Timecode3 support allows for syncing video and sound from multiple devices. Use of NIKKOR Z S-Line lenses allows for quiet and smooth adjustment of exposure during video shooting.

 

Summary of TIPA comments for Nikon Z 6 as the BEST FULL FRAME CAMERA EXPERT award

Low-Light and Video Specialist

The Z 6 is aimed at photographers who want excellent performance in low-light conditions and 4K UHD video with full pixel readout. The CMOS backside illumination sensor delivering 24.5 effective megapixels with focal-plane phase detection AF pixels supports a wide sensitivity range of 100-51200 ISO4 and works with the latest Nikon image-processing engine, EXPEED 6. The camera has 273 focus points5, enabling broad coverage of approximately 90% of the imaging area,

both vertically and horizontally. A mid-range sharpening option in the Picture Control menu allows users to make textural elements within the screen sharper or softer with both still and video imaging6.

Summary of TIPA comments for Nikon D3500 as the BEST DSLR CAMERA award 

An Affordable DSLR

This compact, and lightweight DSLR is aimed at amateurs who want to step up to a camera that takes full advantage of a wide range of NIKKOR lenses and accessories to boost their photographic fun and creativity. Its CMOS sensor with 24.2 effective megapixels delivers an ISO range of 100-25600, handles 5 fps7 continuous shooting, and has Full HD 1080/60p video capability. With Nikon’s SnapBridge app, users can easily share images with a smartphone or connected device. They can also trigger the camera with the app, and access Nikon Image Space, a free-cloud based sharing and storage service

 

Summary of TIPA comments for NIKKOR Z 14-30mm f/4 S as the BEST MIRROLESS WIDE ANGLE ZOOM LENS award

 

An Ultrawide-Normal Zoom

Featuring a design with a nearly flat front lens, the 14-30mm allows for use of filter attachments (82 mm) on the front element thread. Lens construction incorporates 14 elements in all, with four ED elements and Nikon’s Nano Crystal coating to reduce flare and 

ghosting, plus a stepping motor for smooth and quiet AF, a sought-after feature for both stills and especially video capture. Sealed against dust and moisture8, the lens also has a customizable control ring that can be utilized for manual focus9, aperture, and exposure compensation. The lens is lightweight, at approximately 485 g.

 

About TIPA WORLD Awards 2019

The TIPA WORLD AWARDS 2019 cover photographic and imaging products released between April 1, 2018 and March 31, 2019 across a number of categories. Award winners are selected with voting by the editors of prestigious camera and imaging magazines from around the world.

 

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