ITFC holds first African-Asian Cotton B2B Meeting

ITFC co-hosted the B2B Meeting along with the Bangladesh Textile Mill Association and Bangladesh Cotton Association.
Updated 14 April 2017
0

ITFC holds first African-Asian Cotton B2B Meeting

The International Islamic Trade Financing Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, organized its first African-Asian Cotton B2B Meeting event as part of its Cotton Development and Partnership Program. The meeting took place in Dhaka’s Westin Hotel.
ITFC co-hosted the B2B Meeting along with the Bangladesh Textile Mill Association and Bangladesh Cotton Association.
The event was inaugurated by Abul Maal Abdul Muhith, minister of finance, Bangladesh, and chairman of the IDB board of governors; and Hani Salem Sonbol, CEO of ITFC. The meeting was attended by West African cotton producers, the African Cotton Association, the Bangladesh Textile Mills Association, the Bangladesh Cotton Association, and Bengali Spinning/Textile Mills.
The meeting aimed at supporting the Bangladeshi textile industry, which is an important source of employment and export earnings for the country’s economy. ITFC was able to act as a bridge between the Asian countries, especially Bangladesh and Indonesia, and develop new business partnerships with African cotton suppliers.
Thanking Baba Berthe, president of African Cotton Association, CEOs, and representatives of West African cotton ginning companies for being part of the meeting, Sonbol said: “ITFC is thankful to its strategic partners for co-hosting this important business development event for OIC’s cotton industry. ITFC, as the trade finance and development arm of the IDB Group, brings businessmen together from its member countries and provides them with a platform to develop new business partnerships to benefit from direct trade linkages between cotton exporting countries and the Bangladeshi textile industry.”
Finance minister Abdul Muhith said: “This meeting has opened doors for our cotton importers to develop trade ties with African suppliers. With the current challenging economic environment and the increasing competition, ITFC has given us a chance to reach out to new destinations.”
Calik Cotton sponsored the meeting as the event’s strategic partner. Calik Cotton supplies cotton of different origins to major local and international textile industrialists.
ITFC is recognized as the leading trade financier for cotton in West Africa. As such, it is mandated to facilitate and promote intra-trade among OIC member countries.


VFS Global opens visa application center in Riyadh

Updated 23 September 2018
0

VFS Global opens visa application center in Riyadh

VFS Global, the world’s largest outsourcing and technology services specialist for diplomatic missions, has announced the opening of a UK visa application center in Riyadh, close to the diplomatic quarter.

VFS Global said the new center, which will serve travelers to the UK and Australia, is equipped to handle more visa applicants conveniently with increased seating capacity and ample parking space, while also offering ancillary travel services within the premises for a seamless customer experience.

Officially inaugurating the center, Ambassador of the UK to Saudi Arabia Simon Collis said: “‘Our customers in Saudi Arabia are extremely important to us, and we continually look for new and innovative ways to improve the visa service we offer, both to Saudi nationals and local residents. We offer an excellent visa service for those who choose to apply for a UK visa. 

For Saudi nationals, the average processing time for non-settlement visas is less than five days. Whether speed, convenience or comfort is the priority, we hope that this new VAC — and indeed the visa services available across the whole of Saudi Arabia — provide our customers with a Great British welcome from the very start of their journey to the UK.”

The new center is located at 2591, Al-Hada District, besides Courtyard Marriott Hotel and close to Ritz Carlton, Riyadh. Visa applicants to the UK and Australia can access details on visa application procedures at www.vfsglobal.co.uk/sa/en

Located on the Makkah Road, the center is also well-connected to the city center and other neighboring towns.

Vinay Malhotra, regional group COO for Middle East, South Asia and China, VFS Global, said: “The new standalone center has been designed with a view to provide a comprehensive experience to applicants in terms of visa processing and accessing necessary travel services under one canopy. The UK continues to remain a popular destination for tourism, business and student visitors from Saudi Arabia. The latest visa figures show that over 130,000 Saudi nationals were issued a UK visa in the last year.We are confident that the new center for the UK and Australia visa applicants will provide enhanced convenience and ensure customer delight.”

Managed by professionals, the center also offers the comfort of a Premium Lounge for more personalized service as optional service.