NBAD safest bank in Middle East among world’s top 50

Updated 28 August 2013
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NBAD safest bank in Middle East among world’s top 50

Global Finance, a prestigious international financial magazine, has ranked NBAD for the fifth consecutive year among its ‘World’s 50 Safest Banks’.
NBAD remains the highest ranked Middle East bank in the list.
Global Finance’s annual ranking of ‘World’s 50 Safest Banks’ is a recognized and trusted standard of creditworthiness for the entire financial world.
“The continuous inclusion of NBAD among the world’s 50 safest banks reflects our disciplined strategy and ongoing focus on long term, sustainable growth,” says Alex Thursby, group CEO of NBAD.
“NBAD’s continued strong credit ratings complemented by its ranking among the World’s 50 Safest Banks are an invaluable asset that will serve our ambitious growth plans, including our strategy to be a leading player in the West-East Corridor.”
Global Finance selects banks for this list through an evaluation of long-term credit ratings — from Moody’s, Standard & Poor’s, and Fitch — and total assets of the 500 largest banks worldwide.
“This ranking offers companies an objective tool for evaluating the world’s banks, both globally and by region,” says Joseph D. Giarraputo, publisher of Global Finance.
Regarding the top safest banks in the Middle East, in which NBAD ranked highest, Giarraputo says: “Global Finance’s Safest Banks ranking provides an objective tool for benchmarking and analysis of regional banks.”
NBAD’s long term ratings are among the strongest combined ratings of any financial institution in the MENA region with ratings from Moody’s Aa3, Standard & Poor’s (S&P) A+, Fitch AA-, RAM (Malaysia) AAA, R&I’s (Japan) rating of A+, and ranked among the World’s 50 Safest Banks by Global Finance.
“NBAD has retained and strengthened its position in the league of the safest institutions in the world by virtue of the prudence exercised in its business conduct. During the recent global financial crisis, NBAD remained true to its principle of utilizing its strong balance sheet to support customers. NBAD’s financial strength has allowed us to continue doing business and expand throughout the crisis,” says Abdulla M. S. Abdul Raheem, deputy group CEO of NBAD.


Ford trains 1,600 motorists in Mideast, Africa in 2018

Updated 11 December 2018
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Ford trains 1,600 motorists in Mideast, Africa in 2018

Ford Driving Skills for Life (DSFL) has wrapped up a successful 2018 having added programs in two new markets — Morocco and Madagascar — as well as having launched a women-only program in Saudi Arabia. The training program reached more than 1,600 inexperienced motorists in 10 cities around the Middle East and Africa.

Providing free training and instilling safe driving practices, the DSFL program offered an opportunity to gain experience in the four main primary driving skills: Hazard recognition, vehicle handling, speed management, and space management.

This year, Ford DSFL was run in the UAE (Dubai), Kenya (Nairobi), Uganda (Gulu Town), and four cities in South Africa (Cape Town, Port Elizabeth, Rustenburg, and Pretoria), while Casablanca welcomed Morocco’s first-ever DSFL for three days of training in October. 

Antananarivo in Madagascar also joined the DSFL family when it played host to 50 members of the media, and a train-the-trainer for distributor staff, in September, becoming the eighth market in sub-Saharan Africa alone to benefit from the introduction of Ford’s program.

In addition, on its return to Jeddah, Ford hosted the global debut of its DSFL for Her, a new customized version of Ford’s award-winning safe-driving initiative, helping to build confidence behind the wheel as participants in the Kingdom prepared to be among the first-ever women to be issued a driving license in the country.

The DSFL for Her course followed the landmark decision last year, as decreed by King Salman to lift the ban on females driving in Saudi Arabia.

“Safety continues to be a key priority for Ford, and providing campaigns such as DSFL can only help reduce the number of road accidents, and increase young drivers’ knowledge and confidence on the road,” said Jim Graham, global manager, Ford Driving Skills for Life. 

“Ford also made history in 2018 when it hosted the first-ever practical hands-on driving training for women in Saudi Arabia — DSFL for Her — specifically designed to accommodate Saudi females embarking on their first journey behind the wheel of a car. These are the kinds of occasions that make Ford exceptionally proud of the success DSFL has enjoyed this year, as the program continues its rapid expansion, and evolves to adapt to the needs of the markets in which it operates,” Graham added.

Ford Driving Skills for Life was established in 2003 by Ford Motor Company Fund, Governors Highway Safety Association, and a panel of safety experts to teach newly licensed drivers necessary skills beyond standard driver education programs. In 2008, the program expanded to Asia Pacific, and in 2013, Ford DSFL branched out into both Europe and the Middle East.

In 2017, the free program celebrated reaching the one-millionth newly licensed driver trained.