Saudi Arabia introduces energy consumption classification cards for cars

File photo showing cars on a road in Saudi Arabian capital Riyadh. (Reuters)
Updated 07 May 2018
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Saudi Arabia introduces energy consumption classification cards for cars

RIYADH: Saudi Arabia has introduced a car energy saving classification for all type of vehicles in the Kingdom.
The classification card will be compulsory for cars registered in 2015 onward in a bid to give consumers all the necessary information
related to fuel consumption and energy efficiency.
The card, which was jointly produced by Saudi Arabia’s energy efficency program in cooperation with other governmental agencies,
classifies vehicles into 6 categories, from excellent down to very poor including rentals and commercial vehicles.
The classification card will also contain essential information related to the car like the manufacturer, make and model and its
consumption, efficiency level and type of fuel needed. Each card is barcoded for security and conformity and reflected in appropriate government data agencies.


Deutsche Bank appoints Riyadh GM

Updated 18 September 2018
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Deutsche Bank appoints Riyadh GM

  • German banking titan expects more deal flow from Kingdom
  • Deutsche Bank established base in Saudi Arabia in 2006

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.
He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.
The German banking giant originally established its Riyadh branch in 2006.
Alajmi joined Deutsche Bank in 2012 after more than a decade of working at local financial institutions in the Kingdom.
He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.
The group expects to boost regional hiring this year, driven by expected corporate bond sales and initial public offerings, Bloomberg reported in February.