Swiss MGI Group Gives Training Course for Al-Ghazali Employees in Jeddah

Swiss MGI Group Gives Training Course for Al-Ghazali Employees in Jeddah
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Swiss MGI Group Gives Training Course for Al-Ghazali Employees in Jeddah

Swiss MGI Group Gives Training Course for Al-Ghazali Employees in Jeddah

Sponsored by Executive Manager of Al Ghazali Trading Company Abdul Latif Bin Mohammed Al Abdullatif, and Regional Sales Director MENA & Sub Continent India of MGI Abdullah Muafaq, the Swiss MGI Group organized a training course for the employees of Al Ghazali Trade attended by a number of vendors and officials of branches and maintenance centers.

Al Ghazali Trade is the official representative of “Ebel” and “Concord” watches in Saudi Arabia.

During the training course, Muafaq reviewed the latest “Ebel” and “Concord” watches which will soon launch at the Basel Exhibition 2018 in late March.

He also gave a detailed presentation of the new high-quality products covering groups of all ages and fitting gender tastes, which will be an important addition to the world of elegant watches.

Muafaq praised the level of Al Ghazali Exhibitions regarding the beauty of their decorations, and the uniqueness of the commercial centers the company chooses for them. He also praised the company’s leading role in increasing “Ebel” and “Concord” watches’ sales in the Saudi market and improving after-sale services.

“We are keen on bringing our latest models in the Saudi market as soon as they are viewed in Basel due to its particular importance for us,” Muafaq said on the significance of the Saudi market.

Muafaq complimented the Al Ghazali Trade efforts aiming to increase and support “Ebel” and “Concord” watches’ sales in the Saudi market.

“We in MGI Group thank you for the dedicated partnership between us. And we look forward to continuing and supporting this partnership,” he said.

Al Ghazali’s executive director welcomed Muafaq saying: “We share a renown partnership with this prestigious company that extends for many years.

“Thanks to the united efforts with MGI group, “Ebel” and “Concord” watches’ sales have recently witnessed a considerable growth. Mainly because of their modern designs that combine nobility, authenticity, precision and accuracy. As well as the after-sale services they provide through specialized maintenance centers.”



Oil Prices Rise on Iran Sanctions, Decline in US Crude Stocks

A container ship sails along Nakhodka Bay near the oil terminal in the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
A container ship sails along Nakhodka Bay near the oil terminal in the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
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Oil Prices Rise on Iran Sanctions, Decline in US Crude Stocks

A container ship sails along Nakhodka Bay near the oil terminal in the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
A container ship sails along Nakhodka Bay near the oil terminal in the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo

Oil prices rose on Wednesday after a fresh round of US sanctions on Iran, a drop in US crude stocks and a softer tone from US President Donald Trump towards the Federal Reserve and his tariff war with China.

Brent crude futures hit their highest since April 4 at $68.65 a barrel and were up 54 cents, or 0.8%, at $67.98 by 1134 GMT US West Texas Intermediate crude rose 55 cents, or 0.9%, to $64.22.

Sending bullish signals on the supply side, the US issued new sanctions targeting an Iranian shipping magnate whose network handles Iranian liquefied petroleum gas and crude oil worth hundreds of millions of dollars, the US Treasury said.

Further price support came from US crude oil inventories that fell by about 4.6 million barrels last week while gasoline stocks declined by 2.2 million barrels and distillate inventories dropped by 1.6 million barrels, market sources said, citing American Petroleum Institute data.

US government data on oil stockpiles is due at 10:30 a.m. ET (1430 GMT) on Wednesday. US crude oil stocks are expected to have declined by 800,000 barrels last week, a Reuters poll showed.

Stoking hopes of higher energy demand, Trump on Tuesday signalled the possibility of lower tariffs on Chinese imports. The Chinese foreign ministry said on Wednesday that the United States should stop making threats if it wants to make a deal.

Trump also backed away from the threat of firing Fed Chair Jerome Powell after days of criticising the Fed for not cutting interest rates.

Capping gains, the International Monetary Fund said on Tuesday that global economic output will slow as Trump's steep tariffs on virtually all trading partners begin to bite.