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.
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.