Fuchs releases advanced Titan Super GT Oils

Titan Super GT has been approved by the American Petroleum Institute.
Updated 03 March 2018

Fuchs releases advanced Titan Super GT Oils

Alhamrani-Fuchs Petroleum Saudi Arabia Ltd. has announced the near launch of the upgraded version of Titan Super GT, later this month. The new product comes with a three-pronged technology that will greatly enhance engine efficiency by preventing oxidation sedimentation, as well as protecting valve-moving units and reducing fuel consumption.
The new product has been approved by the American Petroleum Institute (API), which represents all facets of the oil and natural gas industry with more than 650 members including companies related to the oil industry and its associated sectors such as the automotive industry. It is also certified by the Saudi Standardization, Metrology and Quality Organization.
In addition to motor oils, Fuchs produces more than 10,000 types of products, which are used in many sectors such as aviation, energy production, agricultural equipment, electronics, medical devices, glass and paper, and food industries among others.
The presence of the company since 1931 in Mannheim, Germany, home to the giant automakers, has played a key role in the development of Fuchs oils and lubricants responding in real-time to the requirements of the automotive industry.
The company includes 57 operating companies and 34 production plants in more than a 100 markets around the world.
Fuchs International is represented in the Kingdom by Alhamrani-Fuchs Petroleum Saudi Arabia Company Limited (AFPSA), a partnership between Fuchs Petrolube SE of Germany and Alhamrani United Company of Saudi Arabia, which owns a modern industrial complex in Yanbu Industrial City, the largest of its kind in the Middle East and North Africa.

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.