Pakistan’s rice exporters delegation signs MoU with JCCI

The 14-member joint delegation of REAP and Pak-Saudi Joint Chamber of Commerce & Industry (PSJCCI) is visiting Saudi Arabia from May 11-19.
Updated 19 May 2017
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Pakistan’s rice exporters delegation signs MoU with JCCI

The Rice Exporters Association of Pakistan (REAP) and the Jeddah Chamber of Commerce and Industry (JCCI) have signed a memorandum of understanding (MoU) for a long-term collaboration.
Mazen Batterjee, vice chairman of the JCCI, along with its members of the food committee, welcomed the rice exporters’ delegation from Pakistan before the signing ceremony.
Batterjee said such visits are necessary to increase bilateral trade, commerce and investment and that the MoU is a milestone toward achieving this objective.
He assured the JCCI’s support toward efforts of the Pakistani Consulate in achieving this goal.
Shah Jahan Malik, vice chairman of REAP, who is heading the Pakistani delegation, said the visit was fruitful. He expressed confidence that they would be able to increase their share in the Saudi market.
The exporters were in Jeddah on the first leg of their visit to the Kingdom. The 14-member joint delegation of REAP and Pak-Saudi Joint Chamber of Commerce & Industry (PSJCCI) is visiting Saudi Arabia from May 11 to 19 as part of trade promotion activities to increase export of rice to the Kingdom.
The delegation members visited major supermarkets and hypermarkets, and held meetings with their top management officials. They also met with major Saudi rice importers in the western region in a one-on-one business networking session organized by the Pakistani Consulate.
Mian Mehmood, president of the PSJCCI, said: “Saudi Arabia is our major trading partner in the food sector. It imports over $1 billion worth of rice every year, providing great opportunities for our rice exporters and REAP to further increase the share of Pakistani rice in this market.”
He added that the PSJCCI is playing a vital role in promoting trade in all sectors between the two countries.
Pakistani Consul General Shehryar Akbar Khan expressed hope that the exporters will fully utilize the opportunities being offered by the Saudi market and make the rice export trade successful.


Genesis G70 arrives in the Middle East

Updated 19 April 2018
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Genesis G70 arrives in the Middle East

Genesis has officially launched its compact G70 luxury sedan in Middle East markets, completing the brand’s core sedan lineup. Engineered as a dynamic car with strong appeal to younger customers and more enthusiastic drivers, the G70 joins the flagship G90 large sedan and mid-sized G80 and G80 Sport.

“Genesis has been very well received in the Middle East, and the Genesis G70 will be an exciting new chapter in our story,” said Altar Yilmaz, Genesis general manager for the Africa and Middle East region. “For many of our potential customers, this is the Genesis they have been waiting for.”

The arrival of the Genesis G70 in showrooms follows a previous display presentation at the Dubai International Motor Show in November 2017, where Genesis fielded a large number of inquiries about the car. With larger G80 and G90 models already growing a strong base of loyal customers, it is expected the compact model will add significantly to the brand’s appeal in the competitive Middle East luxury car market.

The G70 showcases the future direction of the Genesis brand’s “Athletic Elegance” design identity. 

“The G70’s interior is configured to prioritize an excellent user experience, with superb fit and finish throughout. The interior packaging reflects simplicity, with an emphasis on genuine functionality instead of gimmickry. A horizontal layout brings a sense of stability, with an intuitively laid-out switchgear and a comfortable, assertive sport steering wheel,” the carmaker said.

The G70 offers two powertrains in the Middle East region — a 3.3-liter V6 petrol turbo and 2.0-liter I4 petrol turbo.  The Lambda II 3.3-liter V6 turbo GDI engine is the heart of the enthusiast-focused G70 Sport, with 370 ps and maximum torque of 52.0 kg.m (510 N.m) 0 to 100 km/h acceleration in 4.7 seconds, and a top speed of 270 km/h.