Abu Dhabi to host 3rd Global Energy Forum
Abu Dhabi to host 3rd Global Energy Forum
The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the changing energy system. The conference agenda this year will focus on the future of oil, the digitization of energy, diversification in energy companies and countries, and will have a regional focus on East Asian energy demand and energy innovation. Last year’s event brought over 450 people to Abu Dhabi from around the world, including CEOs, ministers, global media, and industry experts.
The forum will once again be hosted under the patronage of Sheikh Mohammed bin Zayed Al-Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces. It will be convened in partnership with the Ministry of Energy of the UAE, Abu Dhabi National Oil Company (ADNOC), and Mubadala Investment Company, and is part of Abu Dhabi Sustainability Week.
Suhail Al-Mazrouei, minister of energy and industry, UAE, said: “The Global Energy Forum looks at the importance of all forms of energy: Nuclear, oil, gas, renewable, and others. The diversity among its subjects and experts is what makes the forum an important part of the energy calendar.”
Frederick Kempe, president and CEO of the Atlantic Council, said: “Abu Dhabi is a leader in the international global energy sector through its foresight, innovation, and strategic planning, and has become a magnet for policymakers, experts and business leaders. The Atlantic Council’s 2019 Global Energy Forum will bring together these crucial actors from across the globe to set the energy agenda for 2019.”
Randolph Bell, director of the Atlantic Council’s Global Energy Center, said: “With our focus on East Asian energy demand and innovation in 2019, the Global Energy Forum plans to highlight how the region’s global energy partnerships - particularly with the Gulf — and race for new energy technologies will fundamentally reshape the energy system and geopolitical order of the 21st century. By encouraging forward-looking discussion between policymakers and business leaders, the Atlantic Council Global Energy Forum aims to maximize the opportunities emerging from the sweeping changes to the global energy mix, and shape outcomes that leave us all more secure and prosperous.”
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.