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The company recently outlined how their agile product portfolio is designed to help public sector enterprise navigate and circumvent issues they face when migrating to public sovereign cloud models, during an exclusive roundtable.

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Zawya

a day ago

• Zawya

Saudi bank credit records annual growth of over $118.13bln by end of April 2025

RIYADH — Bank credit granted to the public and private sectors in Saudi Arabia reached SR3,126,381 million (over SR3.126 trillion) by the end of April 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for April. This marks an annual growth of 16.5 percent and an increase of more than SR443.018 billion compared to the same period in 2024, when bank credit stood at SR2.683 trillion. Quarterly, bank credit continued to rise at all levels, recording a growth of five percent compared to the fourth quarter of 2024, increasing by SR146.411 billion. By the end of the first quarter of 2025, bank credit had grown from over SR2.955 trillion to over SR3.101 trillion. On a monthly basis, bank credit recorded a growth of 0.8 percent, rising by SR24.420 billion, compared to March 2025, when it stood at SR3,101,961 million. Bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities, serving as a key driver in achieving comprehensive and sustainable economic growth and contributing to the goals of Saudi Vision 2030. According to SAMA data, long-term credit (for over three years) accounted for 49 percent of total bank credit, valued at over SR1.524 trillion. Short-term credit (less than one year) represented 36 percent, amounting to over SR1.135 trillion. Medium-term credit (from one to three years) comprised about 15 percent, totaling SR465.937 billion. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

Campaign ME

2 days ago

• Campaign ME

The future of luxury packaging

Packaging in the luxury sector is undergoing a quiet revolution – and it's getting smarter, greener, and more purposeful. A new report from Bain & Company, in collaboration with Fedrigoni Group, the global manufacturer of speciality papers, self-adhesive materials, and RFID (radio-frequency identification tags), reveals that sustainability is no longer a trade-off in the world of high-end packaging – it's becoming a competitive edge. In a compelling forecast, the report, Luxury Packaging: Resolving the Tension Between Creativity and Impact, projects that, within the next three years, more than 30 per cent of all luxury packaging sales are expected to use sustainable solutions. The findings, unveiled today at the 'Explore – Fedrigoni Creative Summit' event, held in Paris, draw on a survey of more than 500 executives across the luxury packaging value chain in Europe, the Middle East and Africa, including designers, suppliers, converters, and leading brands. 'Packaging is evolving from a static container into a dynamic brand touchpoint,' said Claudia D'Arpizio, senior partner and global head of the Fashion and Luxury practice at Bain & Company. 'It's no longer about choosing between beauty and responsibility. Today, you can – and must – deliver both.' From indulgence to innovation Luxury has long been defined by sensory experiences – the feel of a hand-crafted box, the gleam of a bespoke bottle. But as environmental concerns and regulations reshape the industry, luxury brands are now reimagining their packaging not just as a container but as a statement of values. Marco Nespolo, Fedrigoni Group CEO, said: 'Every day, through our close collaboration with brands, designers and converters, we witness the evolution of what luxury truly means: no longer just about aesthetics and exclusivity, but increasingly about responsibility, transparency and positive impact. In this context, packaging becomes a powerful cultural symbol – beauty that reflects values and innovation that embraces sustainability. As manufacturers of premium papers and self-adhesive and RFID materials, our role is to enable this transformation by delivering high-performance, creative and sustainable solutions. Being a true partner means co-developing with our clients an ecosystem where every material choice becomes a strategic, sustainable and narrative touchpoint.' The report emphasises how leading brands are applying the 'four Rs' (reduce, reuse, recycle, recover) with a luxury twist – substituting traditional materials with advanced papers, biodegradable polymers, and even mycelium-based solutions (a sustainable alternative harnessing the root structure of fungi) that feel as exclusive as they are eco-conscious. Slimmer glass bottles and modular packaging designs are also helping brands cut emissions without compromising elegance. Aesthetic meets ethics Rather than restraining creativity, sustainability is unlocking a new frontier for luxury storytelling and customer connection. Packaging is now being viewed not as the end of the journey but the beginning – especially in the digital realm. Think QR codes embedded in boxes that reveal a garment's origin story, smart labels that verify authenticity, and augmented reality overlays that enhance the unboxing experience. At the centre of this digital evolution is the Digital Product Passport (DPP) – a soon-to-be-standard offering full transparency into a product's lifecycle. 'For today's luxury consumer, knowledge is part of the reward,' said D'Arpizio. 'They want to know where something came from, how it was made, and what happens to it next. Packaging is now the portal to that story.' However, integrating sustainability as a core focus requires brands and packaging manufacturers to collaborate more closely in developing innovative and cost-effective alternatives. By engaging early in the process, both parties can align on creative solutions that not only meet environmental goals but also support the overall operating model more efficiently. Reducing packaging weight and volume is seen as a top priority for sustainable supply chains Reducing packaging volume and weight to optimise transport efficiency and minimise trips is viewed as the most significant factor in improving the sustainability of the supply chain, with 43 per cent of respondents to the survey ranking it as their top priority. Promoting reusable packaging to minimise waste and environmental impact, cited by 25 per cent, was the second top priority. Using lightweight, durable materials to prevent damage during transport ranked third, at 17 per cent, while adopting modular and stackable designs for better space and logistics management was selected by 10 per cent. The integration of smart technologies into packaging for real-time tracking and condition monitoring was considered the least significant, with only 5 per cent prioritising it. Regulation as a catalyst, not a constraint Beyond changing consumer expectations, evolving regulations – such as the EU's Corporate Sustainability Reporting Directive and its Packaging and Packaging Waste Regulation – are accelerating the shifts detailed in the report. While regulation remains a central focus in discussions about industry transformation, what stands out prominently from the survey responses is the belief that customers are the true catalysts for change. The survey found half of respondents predicted that sustainable packaging will make up more than 30 per cent of industry sales within three years. The materials are improving, the digital tools are in place, and the customer appetite is growing. Forward-thinking luxury brands are not just adapting to these changes; they're using them to get ahead, the report finds. It suggests that the best-positioned companies are those that invest in material science, redesign supply chains, and work closely with packaging experts to create more meaningful – and more compliant – solutions. The report concludes that the future of luxury packaging isn't just lighter and smarter but increasingly is symbolic of the luxury industry's broader transformation toward transparency, responsibility, and deeper emotional connection.

Arabian Business

2 days ago

• Arabian Business

Oman announces holiday for public and private sectors

Oman has announced an official holiday for public and private sectors at the end of this month. Sunday, June 29 has been announced as an official holiday for employees of the public and private sectors on the occasion of the new Hijri year 1447 AH. With Friday and Saturday being a typical weekend for many in the country, it means a three-day break, with workers able to rest from June 27 to 29. Oman announces Islamic New Year holiday The Ministry of Labour pointed out that employers may agree on terms to engage employees on the said holiday—if deemed necessary due to the nature of their work—provided they compensate the workers for the holiday.