Gulf Air adopts Honeywell’s GoDirect Flight Efficiency software

Gulf Air’s Deputy Chief Executive Officer Captain Waleed Abdulhameed Al-Alawi
Updated 08 August 2018
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Gulf Air adopts Honeywell’s GoDirect Flight Efficiency software

Gulf Air, the national carrier of Bahrain, has selected Honeywell’s GoDirect Flight Efficiency analytics software to reduce fuel costs across its entire Airbus and Boeing fleet — of which five Boeing 787-9 Dreamliners and one Airbus A320neo will be delivered this year — and to help minimize the airline’s carbon footprint. The connected aircraft service analyzes a multitude of flight-related factors to optimize and reduce fuel consumption and lower associated operational costs, which can run from hundreds to millions of dollars.
Gulf Air’s Deputy Chief Executive Officer Captain Waleed Abdulhameed Al-Alawi directed the airline’s operations to increasingly focus on reducing fuel costs and further developing the carrier to better its environmentally-friendly practices. “Fuel costs constitute a larger proportion of expenses for any airline. It is essential that Gulf Air has a clear overview of the fuel used by our fleet to lower consumption and improve our operational efficiency. Honeywell’s GoDirect Flight Efficiency software allows Gulf Air to quickly improve our fuel consumption by analyzing the performance of our aircraft at different stages of operations,” said Captain Al-Alawi.
Captain Suhail Abdulhameed Abdulaziz Ismaeel, the airline’s chief operating officer, said: “The intuitive user interface of the software provides us with sophisticated reports and dashboards that are clearly understandable and designed to help us meet our targets on lowering emissions through improved fuel efficiency.”


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.