{"id":92560,"date":"2024-12-16T00:00:00","date_gmt":"2024-12-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/16\/movenpick-opens-a-new-hotel-in-waad-al-shamal-intelligent-oud-to-launch-a-new-production-line\/"},"modified":"2024-12-16T00:00:00","modified_gmt":"2024-12-16T00:00:00","slug":"movenpick-opens-a-new-hotel-in-waad-al-shamal-intelligent-oud-to-launch-a-new-production-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/16\/movenpick-opens-a-new-hotel-in-waad-al-shamal-intelligent-oud-to-launch-a-new-production-line\/","title":{"rendered":"M\u00f6venpick opens a new hotel in Wa\u2019ad Al Shamal + Intelligent Oud to launch a new production line"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M\u00f6venpick Hotels and Resorts opened a new flagship hotel in Wa\u2019ad Al Shamal<\/strong>, the first five-star hotel in the Northern Province, its parent company Accor said in a <a target=\"_blank\" href=\"https:\/\/press.accor.com\/middle-east-africa-turkey-asia-pacific\/movenpick-waad-al-shamal-opens-its-doors\/?lang=en\" style=\"\" rel=\"noopener\">press release<\/a>. <a target=\"_blank\" href=\"https:\/\/all.accor.com\/ssr\/app\/accor\/rates\/B4Y2\/index.en.shtml?compositions=1&dateIn=2024-11-12&nights=1&hideHotelDetails=false&hideWDR=false&destination=waad-al-shamal-saudi-arabia\" style=\"\" rel=\"noopener\">M\u00f6venpick Wa\u2019ad Al Shamal<\/a> features 245 rooms, including two presidential suites, and 18 meeting rooms. Saudi citizens make up over 55% of the hotel\u2019s staff. No further information was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dutch recycling startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/excessmaterialsexchange.com\/\" style=\"\" rel=\"noopener\">Excess Materials Exchange (EME)<\/a><\/strong><strong> raised USD 5 mn <\/strong><strong>in a Series A round led by Saudi Aramco-backed VC fund <\/strong><strong>Wa\u2019ed Ventures<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/waed-ventures_we-are-excited-to-welcome-excess-materials-activity-7273976289605152768-5HnM?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. Information on the use of the proceeds, whether the investment is equity or debt based, or the identity of other investors partaking in the round was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>Established in 2017 by CEO Christian van Maaren (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/cvanmaaren\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_company_posts%3BAI5pPdg8SguLvZNdxwxo3A%3D%3D\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), EME is a B2B platform that serves as a marketplace for the reuse of excess materials. The startup leverages AI and blockchain technology to match buyers and sellers across different sectors and industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nomu-listed fragrance manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ioud.com.sa\/\" style=\"\" rel=\"noopener\">Intelligent Oud<\/a><\/strong><strong>\u2019s (iOud) will launch a new production <\/strong><strong>line<\/strong> for cleaning and household consumer products as the company seeks to expand its product portfolio, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84150&anCat=1&cs=9579&locale=ar\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul. The new line will be up and running in 1Q 2025, with an annual production capacity of 2.1k tons. The company estimates that the new line will boost revenues by SAR 8 mn next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Flyadeal customers can now book their flights using American Express <\/strong><strong>Saudi Arabia Cards<\/strong> under a fresh agreement between the budget airline and the payment service, according to a <a target=\"_blank\" href=\"https:\/\/www.flyadeal.com\/en\/flyadeal\/information\/about-us\/media-centre\/flyadeal-now-accepts-american-express-saudi-arabia-card-payments-saudi-arabia-s-leading-low-cost-airline-expands-ticket-payment-options\" style=\"\" rel=\"noopener\">press release<\/a>. Personal, business, and corporate cards will be accepted by Flyadeal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Non-banking financial institutions (NBFIs) will have easier access to digital financial <\/strong><strong>solutions<\/strong> under a new partnership between Mastercard and Riyad Bank\u2019s tech arm Jeel, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mastercard-collaborates-with-jeel-to-drive-payment-modernization-in-saudi-arabia-nxfk6kqj\" style=\"\" rel=\"noopener\">a press release<\/a>. The partnership aims to facilitate NBFIs\u2019 ability to roll out their own cards and launch fintech services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Black & Decker appliances are coming to the Kingdom<\/strong><strong>:<\/strong> <a target=\"_blank\" href=\"https:\/\/shaker.com.sa\/\" style=\"\" rel=\"noopener\">Al Hassan Ghazi Ibrahim Shaker<\/a><a target=\"_blank\" href=\"https:\/\/shaker.com.sa\/\" style=\"\" rel=\"noopener\">Company (Shaker Group)<\/a> is now the official distributor of <a target=\"_blank\" href=\"https:\/\/www.blackanddecker.com\/\" style=\"\" rel=\"noopener\">Black & Decker<\/a> appliances in the Kingdom, following an agreement it signed with the US firm, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/shaker-announces-strategic-partnership-with-stanley-black-and-decker-to-distribute-blackdecker-appliances-in-saudi-arabia-xlv1c61m\" style=\"\" rel=\"noopener\">a press release<\/a>. Details on the investment ticket were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PUS: Fintech news from Flyadeal + Amex + Mastercard + Jeel | Wa\u2019ed Ventures leads a fresh USD 5 mn investment round<\/p>\n","protected":false},"author":1,"featured_media":92561,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[2715,54,3551,10,2134,453,861,3550],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-accor","tag-also-on-our-radar","tag-american-express-saudi-arabia","tag-enterpriseam-ksa","tag-flyadeal","tag-intelligent-oud","tag-marafiq","tag-movenpick","wpautop","entry"],"acf":{"mongo_id":"00fda340-89d7-4a43-bf2c-e0e1e5bb7e01","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1428.jpg","photo_position":"above","homepage_title":"","full_issue_title":"M\u00f6venpick opens a new hotel in Wa\u2019ad Al Shamal + Intelligent Oud to launch a new production line","related_issue":[92548],"teaser":"PUS: Fintech news from Flyadeal + Amex + Mastercard + Jeel | Wa\u2019ed Ventures leads a fresh USD 5 mn investment round","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.797b42da-b236-43f0-bd92-21a3075512e3.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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