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Panda Holds PACE with Suppliers to Tackle Global Inflation

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Panda Retail Company held its first annual event for suppliers: “PACE” (Panda Annual Collaborative Event), at The Venue Jeddah Corniche Hotel. PACE focused on empowering people to live a better life, discussing the local and international impacts of inflation, and finding solutions to ensure consumers are protected from the worst inflationary effects.

Inflation and food security

The CEO of Panda Retail Company, Dr. Bander Talaat Hamooh, confirmed the importance of establishing the “PACE” event, which comes as an extension of the support provided by wise leadership to find practical solutions and facilitate better customer experience in the retail sector. Dr. Hamooh was grateful for the submission of the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Muhammad bin Salman, for a number of initiatives that contribute to reducing the effects of inflation on consumers in the Kingdom.

He added that Panda played a strong part in the “Ma tegla alik” campaign launched by the Federation of Saudi Chambers in collaborative with the Chambers of Commerce to provide basic food commodities at reduced prices, including over 40 basic items such as chicken, eggs, rice, milk, oils, meat, and others.

Hamooh said “as an extension of government initiatives, Panda Retail Company launched an innovative campaign entitled “Thabatn’aha”, to reduce and fix the prices of more than 300 commodities in all its branches around the Kingdom of Saudi Arabia, assisting families in an economical consumer experience, in addition to providing solutions that ensure a more efficient shopping experience.”

He added, “The company is working with its strategic suppliers for practical solutions to absorb the effects of global inflation on customers so that they do not feel its repercussions and effects, which confirms its national duty, based on being the leading and most widespread chain of stores in the Kingdom.”

Supporting local industries

Among the main topics discussed at the “PACE” event was the importance of supporting national industries to strengthen the Saudi national economy. Panda Retail Company was keen to support the “Made in Saudi Arabia” program launched by His Highness the Crown Prince in March 2021, which is a national initiative affiliated with the Saudi Export Development Authority, and emanating from the National Industry Development and Logistics program (NIDLP). The program aims to stimulate national industries, encourage consumers to buy local commodities and develop the Kingdom’s exports to global markets.

Panda is one of the Kingdom’s large retail stores that dedicated branches and e-commerce to display national commodities conforming to the “Saudi Made” identity in order to increase the pride and loyalty levels by directing the purchasing power toward them through the “Made in Saudi Arabia” program, and through the marketing and promotional efforts that succeeded in increasing the value and status of national products in local markets.

Panda plays an important role in empowering people to live a better life, in line with the objectives of the “Quality of Life” program, one of the most important programs of the Kingdom’s Vision 2030 which Panda has been proactively supporting since its launch by facilitating points of sales for SMEs to market their products in all its branches in the Kingdom.

Digitization and customer experience

The “PACE” event demonstrated Panda Company’s efforts in implementing a number of projects in the “Reformulating the Concept of Shopping” program, to keep pace with the world’s accelerated digital transformation in line with the Kingdom’s Vision 2030, which will reflect positively on sustainable development and create a competitive climate for customers’ best interests.

Panda now has highly innovative efficiency in improving customer experience, whether through the design of its branches spread across the Kingdom or through a digital entertainment shopping industry. This has resulted in massive transformation of rapid and unprecedented technological innovation and has been reflected in customer interaction providing distinctive shopping experiences as well as an improvement in customer purchasing habits.

By organizing the “PACE” event, Panda strengthened its role in redefining the retail customer experience, which contributes to achieving its vision of sustainable leadership in the retail market based on a creative approach to gaining customers’ trust, as well as sharing its positive view on the national economy.

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Hospitality

Menzies Aviation net zero targets approved by SBTi

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Menzies Aviation is pleased to announce that the Science Based Targets initiative (SBTi) has approved its science-based targets to reach net-zero greenhouse gas emissions across the value chain by 2045. This includes a 50% near-term reduction in scope 1 and 2 GHG emissions by 2030 from its 2022 baseline, and in scope 3 GHG emissions of between 30% and 42% within the same timeframe.

This milestone underscores Menzies’ commitment to strong sustainability leadership, and environmental stewardship, taking a proactive approach to combating climate change. By setting and pursuing ambitious, science-based targets, it is not only reducing its own footprint but setting a benchmark for the aviation services industry.

To reach its ambitious targets, Menzies’ industry-leading All In plan for a fair and sustainable future includes ambitious goals across four key pillars: the Environment, People, Safety and Ethics. Recognizing the urgency to act on climate change and limit global warming to 1.5°C, the plan is designed to drive positive change and progress its material ESG priorities.

Among its notable achievements since the launch of its All In plan in 2021, the company has invested significantly in the transition to electric and lower emission Ground Support Equipment (GSE) where airport infrastructure allows. In its 2023 Annual Review & Sustainability Report, it announced 17% of all GSE equipment was now electric across the business, increasing to 48% in Europe, demonstrating good progress ahead of its goal of 25% by 2025. 

Its investment in solar panels, smart building technologies and circular cargo packaging solutions is further aiding emissions reductions. Separately, its partnerships with the Climate Impact Partner’s Million Mangroves project, continues to demonstrate its commitment to tackling climate change through the removal of carbon from the atmosphere and the restoration of ecosystems.

John Geddes, Chief Governance & Sustainability Officer & Company Secretary, said: “We are thrilled to announce that our 2045 net zero targets have been approved by the SBTi, making us the first major aviation services provider to achieve this important validation. Decarbonisation is an imperative for a sustainable aviation future – one we are committed to achieving with our net-zero targets, but there are many other facets to our All In plan that will deliver value for our business and stakeholders and support our growth in a sustainable way well into the future.”

Katy Reid, Head of Sustainability and Corporate Responsibility, added: “With our net-zero targets approved by SBTi, now the real work begins. Our commitment to progress against our goals and targets has never been more important. By taking bold steps to reduce the impact our business has on climate change and the natural environment, while mitigating the risks our business faces because of climate change, we believe we will play our part in delivering a sustainable, net zero future for Menzies, and for aviation.”

The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. It defines and promotes best practice in science-based target setting and independently assesses companies’ targets.

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Hospitality

THE OBEROI GROUP LAUNCHES THE OBEROI RESIDENTIAL SUITES AT THE OBEROI, MUMBAI

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Situated at prestigious Nariman Point on Marine Drive with breath-taking views of the Arabian Ocean and the shimmering lights of Queen’s Necklace, The Oberoi, Mumbai has long been regarded as one of the city’s finest luxury hotels.

Following the recent introduction of 20 Oberoi Residential Suites, guests now have the opportunity to experience unparalleled residential living for extended stays like never before. The Oberoi Residential Suites have a distinctive residential ambiance with contemporary aesthetics. The interiors exude sophistication and tranquillity. A calming palette of smooth greys, rich browns, and deep teal is accentuated by vibrant modern art and artefacts.

Designed by the award-winning design firm, Architecture Discipline, The Oberoi Residential Suites come in two variants: Bay View Residential Suites spanning 115 square metres and Luxury Residential Suites covering 87 square metres. Both suite categories include a master bedroom with a large walk-in wardrobe, an ensuite bathroom, and a dressing area. Luxury Residential Suites feature a private study area, while the Bay View Residential Suites offer a separate study room. Each suite boasts expansive living and dining areas with breath-taking views through picture frame windows. Additionally, every suite is equipped with a well-appointed and fully functioning kitchen.

Mr. Vikram Oberoi, CEO of The Oberoi Group, emphasised, “The Oberoi Residential Suites herald a new era of modern urban living in one of Asia’s most vibrant cities. The suites are a perfect blend of refined aesthetics and convenience, embellished with unparalleled hospitality for which Oberoi is renowned.

Mr. Amit Kaul, Vice President and General Manager of The Oberoi, Mumbai, further elaborated, “We are delighted to introduce The Oberoi Residential Suites, boasting modernity, exceptional amenities, and the city’s most prestigious address. We promise guests unparalleled service with genuine care and attention to the smallest of details, encapsulating the true essence of Oberoi hospitality.

Residents of The Oberoi Residential Suites also enjoy exclusive access to facilities and services at The Oberoi, Mumbai further enhancing their luxurious living experience.

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Hospitality

RAK Leisure Partners with RIKAS Hospitality Group to Launch New Culinary Experience in Ras Al Khaimah

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RAK Leisure announces its strategic partnership with Dubai-based RIKAS Hospitality Group, known for its award-winning dining establishments, marking a significant milestone in enhancing the culinary landscape at Jebel Jais in Ras Al Khaimah.

The successful partnership was officially announced at a signing ceremony at the RIKAS offices in Dubai, attended by Steven Bishop, General Manager of RAK Leisure, and Rizwan Kassim, Founder & Managing Partner at RIKAS Hospitality Group, along with other key stakeholders.

Through this collaboration, RAK Leisure aims to introduce the first grill and fire-infused dining concept in Jebel Jais, set to open in Q1 2025. RIKAS Hospitality Group, the creative force behind popular venues including Twiggy, La Cantine du Faubourg, Lana Lusa, Mimi Kakushi and Ninive will bring its culinary innovation and authentic hospitality concepts to this venture, creating a one-of-a-kind experience atop Jebel Jais.

Steven Bishop, General Manager of RAK Leisure, commented on the partnership: “We are delighted to partner with RIKAS Hospitality Group to elevate dining experiences on Jebel Jais. This venture embodies our commitment to exceptional food and unforgettable moments. As Ras Al Khaimah continues to grow as a top tourist destination, this unique dining concept will help us diversify and enhance the culinary offerings within the Emirate.”

The unique dining concept at Jebel Jais seamlessly blends Ras al Khaimah’s geology and flora, enriching visitors’ experiences by fostering a deeper connection to the area’s beauty and flavour through an exceptional dining setup. Set against the stunning backdrop of the Hajar mountains, this new venue will cater to locals and tourists alike with an exclusive menu featuring mouthwatering dishes with a fire twist, crafted from locally sourced ingredients.

Rizwan Kassim, Founder & Managing Partner at RIKAS Hospitality Group said: “We are thrilled to expand our culinary footprint beyond the Emirate of Dubai and venture into the mountainous region in Ras Al Khaimah. Partnering with RAK Leisure on this innovative project is an exciting opportunity to bring our signature dining experiences to a new audience and to new heights. We are particularly excited about seamlessly integrating this concept into the natural diverse flora and fauna that can be found in and around the Jebel Jais area.

RAK Leisure’s current portfolio includes several food and beverage outlets under the brand “Puro” that enhance Ras Al Khaimah’s appeal as a must-visit destination. These include the UAE’s highest restaurant, 1484 by Puro, Puro Express, The View by 1484, and SYR.UP by Puro. With the new partnership  RAK Leisure remains committed to expanding its offerings by introducing innovative culinary concepts to delight its visitors.

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