ITFC holds first international trade workshop in Madinah

The training program was opened by Hani Salem Sonbol, CEO of ITFC; Munir bin Mohamed Nasser, chairman of Madinah Chamber of Commerce and Industry and Adel Al-Mahdi, expert and representative of FTTC.
Updated 07 October 2017
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ITFC holds first international trade workshop in Madinah

A five-day training program titled “International Trade and Export Strategies” in Madinah was conducted this week by the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, in cooperation with the Foreign Trade Training Center (FTTC), Egypt.
The program was opened by Hani Salem Sonbol, CEO of ITFC; Munir bin Mohamed Nasser, chairman of Madinah Chamber of Commerce and Industry; and Adel Al-Mahdi, expert and representative of FTTC.
The training program is in line with an memorandum of understanding recently signed between IDB and the Madinah Chamber of Commerce for mutual cooperation and support in promoting the commercial and economic sectors of Madinah.
Sonbol said: “We are pleased with our partnership with the Madinah Chamber of Commerce and Industry, where for the first time ever, we are organizing training courses related to international trade.”
ITFC and FTTC collaborated together for the capacity-building workshop that aimed at enhancing export capacities of local traders and opening windows for international trade.
“Both IDB and ITFC aim to expand their role in the Saudi market. We consider this an important milestone in supporting the private sector, diversifying the economy and employing young Saudis. This would contribute to the overall development of the Kingdom and the achievement of Vision 2030 goals,” Sonbol added.
He said: “The development of Madinah’s dates sector, which represents one of the items included in the memorandum, in cooperation with the International Trade Center (ITC), a United Nations’ arm for supporting the private sector in its member countries, aims at addressing the constraints farmers and SMEs face. The project is expected to improve competitiveness and increase exports of Madinah dates, thus generating better incomes for farmers and increasing employment opportunities.”
The ITFC also hopes its training sessions will help raise awareness about the importance of export in this vital sector of Madinah.


Saudi Arabian Airlines displays new products

Updated 24 April 2018
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Saudi Arabian Airlines displays new products

Saudi Arabian Airlines (Saudia), the Kingdom’s national carrier, is participating in the Arabian Travel Market (ATM), taking place in Dubai this week. This year marks the 25th edition of the show. Saudia has participated consistently throughout the years.
The airline has rolled out many new products and onboard amenities this year, including a new Business Class Porsche Design Men’s kit and Furla Ladies kit, as well as new children’s characters and kits.
Saudia is debuting a new exhibition stand design (9 x 30.5 meters) along with many interactive features and products on display. These include all the latest seats on static display — First Suite (first class), Business Class, and the Guest Class (economy) seats.
Also on display is a “smart model” experience, which provides a 3D interactive tour through the new Jeddah King Abdul Aziz International Airport.
Saudia is currently in the midst of a rapid transformation, fleet and network expansion program.
The airline has achieved double-digit growth in international passenger traffic, flying to 89 destinations across four continents. Saudia is receiving on average, one new aircraft every 12 days. Currently at 147, by the end of 2020 the fleet is set to reach 200 aircraft.
“Saudia looks forward to welcoming its travel retail partners, media and hospitality guests at ATM. The airline’s stand is located at ME 4310,” the airline said in a press release.
Currently in its 73rd year of operations, the airline is a member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO).
Saudia carried 30 million passengers in 2016, and was named the 2017 World’s Most Improved Airline by Skytrax, an independent global aviation industry monitor.
The airline has 11 codeshare partners including: Garuda Indonesia, China Southern Airlines, Air France, Royal Air Maroc, Alitalia, Korean Airlines, KLM, Middle East Airlines, Aeroflot, Air Europa and Oman Air.