INFLUELCERS | How ClassPass Founder Payal Kadakia Created A Billion Dollar Company

The start of a new decade is always cause for celebration, but Payal Kadakia had one more reason to celebrate 2020. Early this year, ClassPass, the firm she founded in 2013, completed a round funding that vaulted it into mythical unicorn status, being valued at $ 1 billion. The 36-year-old Indian American entrepreneur came up … Continue reading INFLUELCERS | How ClassPass Founder Payal Kadakia Created A Billion Dollar Company

Saudi Arabia: Commercial Courts to Start Handling Copyrights, Patents Cases

Commercial courts and departments will start handling copyrights and patents related cases starting February. The cases will be heard in commercial courts, as well as commercial departments inside general courts across the Kingdom. Meanwhile, the cases filed before that date at the Committee for Examine Patents on Inventions Lawsuits and the committee for copyrights protection, … Continue reading Saudi Arabia: Commercial Courts to Start Handling Copyrights, Patents Cases

SAUDI BUSINESS | Saudi Arabia Approves Bank of China License To Open In Kingdom

RIYADH | SAUDI ARABIA – The Saudi Cabinet on Tuesday approved the granting of a license to Bank Of China to operate in the Kingdom and authorized the finance minister to decide on any request to open more branches. The brings up the number of non – Saudi licensed leaders in the Kingdom to 15 … Continue reading SAUDI BUSINESS | Saudi Arabia Approves Bank of China License To Open In Kingdom

SAUDI ARABIA|The Electronic Signature Service Has Been Launched For Banks In Saudi Arabia.

Saudi Minister of Communications and Information Technology Abdullah Alswaha sponsored the event for the launching of the service at the Banque Saudi Fransi, the first bank to employ electronic signatures in the Kingdom. Tuesday’s event was attended by a number of keynote officials from the banking and technology sectors. Alswaha, at the launching, stressed that … Continue reading SAUDI ARABIA|The Electronic Signature Service Has Been Launched For Banks In Saudi Arabia.

BUSINESS | Saudi Arabia Sets Out Night Shift Labor Code

JEDDAH | Saudi Arabia – Business can now hire people for night shifts as the Kingdom shifts to 24-hour trading, with the government releasing the terms and condition for employment. The regulations are to make sure the rights of night shift workers are protected and that employers maintain a healthy work environment. Night shifts run … Continue reading BUSINESS | Saudi Arabia Sets Out Night Shift Labor Code

BUSINESS | L’Oreal’s Lancome Beefs Up Stores As Luxury Cosmetics Take Off

PARIS | FRANCE – L’Oreal Lacome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics. Luxury goods makers and beauty firms are increasingly shifting online, but many are also sprucing … Continue reading BUSINESS | L’Oreal’s Lancome Beefs Up Stores As Luxury Cosmetics Take Off