Honor debuts 7x in Saudi Arabia, UAE
Honor debuts 7x in Saudi Arabia, UAE
The Honor said its footprint has increased considerably in the space of three years spanning across 74 different countries and regions, with sales revenues topping $6 billion and 40 million units shipped globally in 2015.
Chris Sun Baigong, vice president of Huawei Honor Middle East and Africa CBG, said: “2017 was an exciting year for us, we were able to design, develop and launch 6x and Honor 8; this is a testament to our unique and highly efficient e-business model. Our customer-centric approach caters to the fast-changing needs of digital natives by staying at the forefront of trends in technology. Honor 7x has already received immense demand globally, and we are proud to honor our commitment to the Middle East and Africa by offering cutting-edge technology and superior user experiences that inspire creativity and empower the youth.”
The Honor 6x recently received awards at the International CES 2017 for its “Double or Nothing” excellence. The Honor 6X was the only smartphone to nab a spot in Digital Trends’ “Top Tech of CES 2017” list, with the publication citing the device’s “stylish looks, snappy performance, solid battery life and outstanding screen resolution generating high quality photos.” The company expects the Honor 7x to reap more awards and to break new records also at CES next year.
The Honor broke records with the launch of its flagship The Honor 9 that registered an unprecedented 100 percent increase in sales within Gitex 2017, an eight-day electronic retail show in the UAE.
ADIB becomes first bank to join UAEIIC
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors of the UAEIIC, headed by Sultan bin Saeed Al-Mansoori, UAE minister of economy.
Through this membership, ADIB will join government decision-makers, locally and internationally, with the support of the UAE’s minster of economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.
Khamis Buharoon, vice chairman and acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measures have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to playing an instrumental role in building on these efforts.”
He added: “The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favorable environment that supports national companies investing abroad. The council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.”
Jamal Saif Al-Jarwan, secretary-general of the Emirates Council for overseas investors, said: “We have the honor to join Abu Dhabi Islamic Bank as an active member of the council, which contributes to enhancing the role of the council’s working environment to support the state’s economic development and to keep pace with developments in the economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.”
He added: “Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power of our young state in the world, which is a great achievement and a strong demonstration of the path of investment of the Emirati investors in the right direction.”