Mohamed Yousuf Naghi Motors unveils Hyundai’s IONIQ hybrid

The new IONIQ is fitted with a 1.6 liter engine that produces 105 HP, while its electric motor generates 88 kilowatts equivalent to 120 HP, with maximum torque of 295 n/m.
Updated 01 January 2018
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Mohamed Yousuf Naghi Motors unveils Hyundai’s IONIQ hybrid

Mohamed Yousuf Naghi Motors Company (MYNM), Hyundai dealer in the Western region of Saudi Arabia, unveiled the first hybrid of Hyundai model “IONIQ” at the Saudi International Motor Show in Jeddah.
The show’s visitors had the opportunity to look at the first sophisticated hybrid electric smart car by Hyundai, which aims at contributing to a cleaner environment and reduce energy consumption. By introducing this new eco-friendly car, Hyundai stepped forward in its endeavor toward using alternative energy. The new hybrid IONIQ will be offered in three different variants.
Khalid Alharthy, national marketing operations and PR manager at MYNM-Hyundai, said at the launch of “IONIQ” that it is time to move forward in the automotive industry, and the IONIQ from Hyundai is the first step toward future intelligent driving. He said that while the company keeps up with modern development in automotive production on one hand, it meets the aspirations and requirements of the new generation of customers on the other hand.
The new IONIQ benefits also from three “clean” driving systems: The hybrid propulsion (an internal combustion engine with an electric motor), full electric propulsion and rechargeable hybrid engine (plugin hybrid), which will be available soon. With the IONIQ, MYNM-Hyundai offers its customers a variety of options including fuel-economy and eco-friendly cars.
The new IONIQ is fitted with a 1.6 liter engine that produces 105 HP, while its electric motor generates 88 kilowatts equivalent to 120 HP, with maximum torque of 295 n/m. The engine is fed by lithium-ion battery of 28 kWh that can drive up to 280 km in normal driving conditions, and more than 200 km in various driving conditions, at a maximum speed of 165 km/h. The Hyundai IONIQ electrical car accelerates from zero to 100 km/h, in sports driving mode, in less than 10 seconds.


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
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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.