Citizen opens refurbished boutique at Qurum City Center

Naoto Hosogaya, managing director of Citizen Watches, during the opening of the new boutique at Qurum City Center.
Updated 07 October 2017

Citizen opens refurbished boutique at Qurum City Center

Citizen Watches has announced that its exclusive boutique in Qurum City Center is now open with a new look, following a period of renovation. The renovation is in line with the Japanese brand’s strategic expansion plans for the Middle East region.
Citizen, which has gained renown for its cutting-edge watch design and technology, said it is looking at further growing its footprint in the region by reaching out to customers right where they are located and presenting them with an enhanced visitor experience.
“The retail experience has become an important part of watch sales, customer expectations from the brand keep increasing and we at Citizen pride ourselves in not just producing exceptional watches but also in providing an unparalleled world-class shopping experience to our customers,” said Keiji Kato, general manager of Citizen Watches Gulf.
Ajay Ganti, CEO of Al-Seeb Technical Establishment (Sarco), said: “Sarco has always taken the lead in aligning themselves with the brand’s direction, that’s why when Citizen decided to foray into retail, Sarco was the first to open an exclusive Citizen boutique in the Middle East and today we are proud that we are among the first to renovate this very first boutique with the new look and feel.”
The boutique is situated in a high-footfall area in Qurum City Center, which is one of the Omani capital’s most popular shopping destinations. Visitors to the new boutique will be able to get an up-close look at many of the brand’s iconic watches,
including the Citizen GPS Satellite Wave, which is the world’s fastest satellite signal receiving watch for accurate timekeeping.

Emirates NBD opens branch in Alkhobar

Updated 20 September 2018

Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.