Renault Sport Formula One Team reveals 2018 challenger

The Renault R.S.18 is Renault Sport Formula One Team’s third chassis since its return to Formula 1 as a full works’ entry in 2016.
Updated 24 February 2018
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Renault Sport Formula One Team reveals 2018 challenger

Fans of the Renault Sport Formula One Team were able to get a close-up look of the 2018 season challenger as the Renault R.S.18 was recently unveiled. Using specially created tools, fans could see a hologram projection of the car and spin it through 360 degrees to see its brand-new lines and new black and yellow livery.
The Renault R.S.18 is Renault Sport Formula One Team’s third chassis since its return to Formula 1 as a full works’ entry in 2016. The car is a progression and refinement of the concepts developed during the 2017 season.
It includes an improved suspension concept and greater aerodynamic downforce. Noticeably, the R.S.18 also features the mandatory new-for-2018 cockpit protection known as the “halo” and a re-profiled engine cover to comply with the 2018 technical regulations.
The 1.6l turbocharged V6 Renault R.E.18 power unit will power the R.S.18. The power unit has realized a very strong program on the dyno in Viry-Châtillon to maximize performance and improve reliability in preparation for the reduction to just three internal combustion engines (ICE) and two MGU-K and energy stores per season.
The R.S.18 is developed jointly by the teams in Enstone, UK, and Viry, France. Significant improvements have been made to the Enstone facility over the past year, with enhancements to the CFD supercomputer, wind tunnel, race team operations room, gearbox dyno, machine shop and an expanded design office.
The upgrades have already translated into on-track performance, with Renault Sport Formula One Team finishing the season sixth in the Constructors’ Championship, improving from ninth in 2016.


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.