Saudi Arabia Ministry of Industry and Mineral Resources Releases March 2023 Monthly Bulletin to Provide Insights into The Kingdom’s Industrial and Mining Sectors

Riyadh, Saudi Arabia – The Ministry of Industry and Mineral Resources of Saudi Arabia has released its latest March 2023 Monthly Bulletin of Industry and Mining, aimed at providing key insights into the Kingdom’s industrial and mining sectors. The bulletin is published monthly and covers the latest developments, trends, and investments in these sectors, proving a vital tool for investors.

The bulletin issued by National Industrial and Mining Information Center indicated that during the period from January to March 2023, 332 new industrial licenses were issued with investments amounting to 8.2 billion riyals, while 300 factories started production with investments exceeding 7.9 billion riyals, enabling the sector to create 28,332 job opportunities, 54% being for Saudis.

In addition, the total number of factories in the Kingdom at the end of last March reached 10,825, with investments amounting to 1.4 trillion riyals.

As for the mining sector, the bulletin indicated that the total number of mining licenses in force in the sector until the end of March 2023 amounted to 2,314 licenses, including 1,451 building materials quarry licenses, 609 exploration licenses, 180 mining and small mine exploitation licenses, 42 reconnaissance licenses, and 32 surplus mineral ores licenses.

The Monthly Bulletin of Industry and Mining is part of Saudi Arabia’s broader industry and mineral resources strategy. The Kingdom has been actively diversifying its economy and reducing its dependence on oil for revenue. The development of the industrial and mining sectors is a key component of this strategy, and the Ministry of Industry and Mineral Resources has been leading the efforts to achieve this goal.

The Saudi Arabian government has been encouraging investment in the industrial and mining sectors by offering various incentives, including tax exemptions, land grants, and streamlined licensing processes. The data presented in the bulletin highlights the success of these efforts, and the growth of Saudi Arabia’s industrial and mining sectors is expected to benefit the country’s overall economy.

The Monthly Bulletin of Industry and Mining is published by the Ministry of Industry and Mineral Resources and is available on the ministry’s website: https://mim.gov.sa/newsletters

Lobb Logistics Unveils Comprehensive Price Index History and Forecast

Bengaluru – June 7, 2023 – Lobb Logistics, a leading logistics company, is thrilled to announce the integration of its groundbreaking Price Index History and Forecast tool. This innovative solution provides the app users with a comprehensive view of historical price data and accurate forecasts to help them make informed decisions in an ever-changing logistics landscape.

The Price Index History and Forecast leverages advanced machine learning algorithms and powerful data analytics to deliver a robust and reliable analysis of price trends across various markets and sectors. By examining vast quantities of historical data, the tool offers valuable insights into past price fluctuations, enabling users to identify patterns, understand market dynamics, and formulate effective strategies.

Key features of the Price Index History and Forecast tool include:

Extensive Historical Data: The tool compiles and organizes an extensive repository of historical price data spanning season & years. Users can access and analyse this wealth of information to gain a deep understanding of price movements over a period of time.

Accurate Forecasts: Lobb’s state-of-the-art forecasting models utilize cutting-edge techniques to generate accurate predictions of future price trends. These forecasts provide invaluable guidance for businesses, transporters, and users to make informed decisions and mitigate risks.

Sector-Specific Insights: The tool allows users to explore price data and forecasts specific to their industry or sector of interest. This tailored approach helps users gain a granular understanding of price dynamics within their respective domains.

User-Friendly Interface: Lobb has designed an intuitive and user-friendly interface that enables easy navigation and data visualization. Users can effortlessly explore historical price trends and forecasts, making it accessible to both experts and novices alike.

“We are excited to introduce the Price Index History and Forecast tool, which empowers individuals and organizations with comprehensive price information,” said Venu Kondur, CEO of Lobb Logistics. “By leveraging our advanced AI capabilities, users can gain valuable insights into past price patterns and make better decisions for their businesses and investments.”

Lobb’s Price Index History and Forecast tool is available as a web-based platform/application accessible to users in India. The tool supports a wide range of industries and is invaluable for economists, financial analysts, business leaders, and policymakers seeking reliable and actionable price information.

The Age-defying Investment Power of Ownership Homes

– by Akash Pharande, managing Director – Pharande Spaces

Property prices increase even though buildings age. How come? In the case of most other manufactured products other than gold ornaments, prices decrease as the product ages, don’t they?

Most people prefer to buy new homes rather than used properties because older properties need more maintenance and repair and because new projects have better amenities and facilities. A TV, car or mobile phone rapidly lose value every month because of wear and tear, and newer models are constantly being churned out.

But while older properties do lose resale value to some extent, they retain much of their inherent value no matter how old they get – and, if one waits long enough, eventually become more valuable than before.

Properties in older buildings in one area cost more than properties in another, much newer buildings. How does this happen?

It’s a good question, and every existing or aspiring homebuyer should understand the dynamics involved. To get a grip on it, let’s return to the above example of gold ornaments. There are two primary factors involved:

The inherent value of the basic material: Gold is a precious metal whose value appreciates because of scarcity because there are finite gold reserves on the planet

The manufacturer’s brand: A gold ornament made by a famous jewellery brand is worth more than an ornament with the same amount of gold by an unknown manufacturer. This is because the well-known brand has invested much more in timeless design and quality workmanship. Therefore, it stands the test of time and commands more desirability.

What does this have to do with housing?

The inherent value of the basic material: In rapidly developing or fully-developed urban areas, available land is limited and gets costlier over time. Every apartment owner has a share of the land on which the project is built.

The constantly decreasing supply of land pushes up property prices, even if the buildings themselves are aging. Location plays a huge role because some areas provide a better lifestyle than others.

The manufacturer’s brand: As in the case of jewellery, the brand of a real estate developer matters. Today, most homebuyers prefer to buy properties by reputed developers, and not only because they know that their under-construction homes will be delivered on time. Branded players invest more into both the quality and location of their projects and also in the scope and quality of project maintenance. For this reason, their projects also see much more rental demand.

Don’t aging building depreciate?

Even with the most careful use, gold ornaments get tarnished over time. Decades after they were first made, they will have lost much of their sheen. Nevertheless, the base material – gold – not only retains its value but becomes even more valuable.

Old ornaments can be melted down to make new ones with a brand-new sheen. No value is lost in the process, and the ‘making charges’ are already recouped because gold has already become scarcer.

The cement, steel and other materials used in modern buildings – even those by branded builders – degrade over the decades. However, the basic input – land – appreciates, and every property owner’s share of the project’s land becomes more valuable. In high-quality such as integrated townships and gated communities, the developer has locked in the appreciating power of not only land but location, as well as reserved green open areas and amenity spaces that add further value over and above the base value of every apartment owner’s share of the plot.

Old buildings are demolished after 50-60 years, and new ones with superior amenities are built. At this point, the original property owners are in the driver’s seat, and their new properties are invariably bigger, better and more valuable than the first ones.

Macro factors

– Supply and Demand: The demand for property is influenced by population growth, economic conditions, and the desirability of the location. If the demand for property in a particular area outweighs the available supply, prices will rise, irrespective of the age of the buildings.

– Inflation: Property prices are influenced by overall inflation, which erodes currency’s purchasing power and causes products with in-built value to appreciate over time. Here again, gold and real estate share very similar attributes.

Final thoughts

All of the above revolves around monetary value, but an owned property is valuable in many other respects. You pay no rent on it, and it gives you a lifetime of safety and convenience – or income if it is rented out. Moreover, there is ‘social value’ to consider.

Property owners and tenants hardly share the same social status, nor do tenants have as many legal rights than owners when it comes to using the property. And finally, tenants have no share in the value of the property they occupy.

Interestingly, the age-old ‘buy or rent’ debate was finally put to rest during the Covid-19 pandemic – ‘buy’ has emerged as the way to go. Why did it take a global health cataclysm to cause even life-long renters to come to the market as property buyers? There are plenty of theories, but all the reasons are a combination of human psychology and fiscal prudence.

We like to own what we use, and we like to see our investments grow. And housing prices zooming anywhere between 5-15% in just the last two years, the investment sense behind owning residential real estate is far beyond dispute.

Take A Fruity Trip with Keventers Smoothies!

India, 7th June 2023: Keventers, the iconic Indian dairy brand with a legacy of 97 years best known for its milkshakes and ice creams, launches a new range of smoothies this summer! The goodness of fruits, the creamy texture of a chilled smoothie, the delicious burst of flavors, specially crafted and served up in a bottle is here to beat the summer heat. Get ready for the most delightful combinations of your favourite fruits, blended to perfection at select Keventers outlets. Keventers fruit smoothies are made of 100% fruit and are an indulgent option with no added colors, preservatives, or artificial flavors. Adding to a growing beverage portfolio, which offers a wide variety of options, this latest launch comes backed by innovation and a commitment to bring greater variety to consumers.

Carrying forward the Keventers legacy of great taste and crafted recipes, it is just in time to revive your summer with refreshing flavors and satiate all your cravings in a Keventers bottle near you. Take a fruity trip with our four recipes, ranging from the Blueberry Blast Smoothie which is a burst of blueberries, cranberries, strawberries, and juicy apples. If you love berries then this is the perfect match for your taste buds. To sail through the scorching heat during the day go for a Simple Love Smoothie. It is a power-packed punch of succulent strawberries, sweet apples, creamy bananas, and earthy beetroot that keeps you charged throughout. If you have a fruity citrusy palate then pick up a Summer Hummer Smoothie which is a perfect blend of juicy mangoes, zesty oranges, and mighty carrots to quench your thirst. All mango lovers can vouch for this classic Mighty Mango Smoothie which is infused with the sweetness of pulpy mangoes with a tangy touch of fresh strawberries, created to satisfy your palate.

The brand has always been committed to introduce the most innovative and unique flavours for its patrons with each addition. The newly introduced smoothies add to the brand’s growing and diverse beverage portfolio, which recently witnessed the launch of sparkling iced beverages and thick shakes. Well timed to meet the rising consumer demand for more variety as summer kicks in, they have been launched after meticulous research to achieve the most enhanced flavour profile.

Speaking on the new product launch, Agastya Dalmia, Founder & CEO, Keventers, says, “Our latest drop brings the delicious fruits of summer to you in the creamiest and most exotic set of smoothies. Our focus has been on enhancing customer experience and offering a greater variety across our growing beverage portfolio. We have consistently worked on innovative new products with a diverse flavor profile and have worked on introducing new variants across categories for our consumers. The latest launch of fruit smoothies is made from quality ingredients, carefully selected to ensure maximum taste and quality.. [1] “

Keventers Fruit smoothies are priced at INR. 239/- and are available in select Keventers outlets in the country and online via Zomato & Swiggy. Served in the signature Keventers bottle, this is an indulgent treat perfectly timed for the season. It’s all about fresh fruit summer with Keventers, we can’t wait to order ours, can you?

Psychological Associates Hosts Leadership Development Workshop

Three-day program focuses on effective leadership behaviors and successful business performance.

(St. Louis, Mo., June 7, 2023) Psychological Associates (PA), a consulting company that improves business performance through its leadership and talent development services, will hold its Q4 Leadership: The People Skills Advantage™ program. The three-day intensive workshop will take place Tues., Aug. 8 through Thurs., Aug. 10 from 8 a.m. to 5 p.m. The program will be held at the Charles F. Knight Executive Education & Conference Center located at One Brookings Dr. on the campus of Washington University in St. Louis.

The program’s individualized experience focuses on helping a company’s top talent improve team success through the people skills they need to engage and influence others. Q4 Leadership comprehensively identifies and adapts effective leadership behaviors with more intricate job-related feedback. The program combines the latest in instructional design along with PA’s six decades of pragmatic leadership development.

The workshop – which uses real-world issues and situations – is designed for C-level leaders, vice presidents, and general managers who will improve their interpersonal skills to break down silos and contribute to synergistic teams.

Psychological Associates’ facilitator Marianne Whelchel will lead the sessions. She brings more than 16 years of global leadership development, training, and human resources experience to the workshop. Whelchel has managed the design and delivery of leadership curriculum for over 6,000 leaders globally.

Psychological Associates helps clients select, develop, and retain their best leaders, enabling them to build exceptional organizations. Its exclusive Q4 Dimensional® Model of Behavior™ – an industry-renowned structure that categorizes observable actions into understandable groupings – inspires high performance while attaining comprehensive results. Consulting capabilities include talent assessment, leadership development, succession planning, people analytics, and executive coaching. Founded in 1958, Psychological Associates is headquartered at 8000 Maryland Ave. in Clayton, Mo. Reservations are required since space is limited. For more information, call (314) 725-7771 or visit www.q4solutions.com.

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Leading PR agency Provocomm Public Relations honored at ET Inspiring Leaders- Best of North 2023

New Delhi- India’s fastest-growing premier PR agency Provocomm Public Relations has been recognized as the most efficient and dynamic PR organization in the communications industry at the ET Inspiring Leaders- Best of North 2023 organized by Times Group’s Optimal Media Solutions. The sparkling event was held on 19th May at Timber Trails Heights and Resorts in Himachal Pradesh. It saw the coming together of empowering business magnates, leaders, and visionaries under one roof who were felicitated for their contributions in different economic sectors.

Clocking a significant achievement at the ET Inspiring Leaders ceremony, Mr. Aniket Tiwary, Executive Director, Provocomm Public Relations, said, “We are glad to receive the outstanding honor presented to us at the ET Inspiring Leaders Award- Best of North 2023. It is an excellent validation of our team’s efforts. It motivates us to give our best to our clients and patrons and also simultaneously contribute to scaling up the communication industry through our work. I would like to thank the organizers for deeming us worthy of the honor.”

Provocomm Public Relations received a Memento and Certificate of Honour at the event. The PR company was also the official PR Partner of the event. This was the second collaboration with Times Group after the Times Property Fiesta event held in February.

Provocomm Public Relations is one of the rapidly growing PR agencies offering its services in diverse verticals like real estate, hospitality, education, startups, ed-tech, and lifestyle. The company holds a pan-India mark and has clients from different states. Founded by Aniket Tiwary, the company has a young and dynamic team offering diverse PR tools and resources to its clients.