Bahri shines at Indian maritime awards

The award was accepted on behalf of the company by Capt. Jiten Bhosale, country manager, Bahri Logistics, at a ceremony in Mumbai.
Updated 08 September 2018
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Bahri shines at Indian maritime awards

Bahri, a global leader in logistics and transportation, won the “Shipping Line of the Year — Break Bulk Operator” title for the third year running at the 9th edition of the All India Maritime and Logistics Awards (MALA) 2018, the leading awards program for India’s maritime industry.

Hosted by Exim India, the annual awards have emerged as an authoritative recognition of quality service, best practices and innovation across all segments of the maritime and logistics sector. Winners are selected by a jury comprising experienced industry professionals and thought leaders.

The award was accepted on behalf of the company by Capt. Jiten Bhosale, country manager, Bahri Logistics, at a ceremony held at St. Regis Hotel Mumbai on Aug. 31. The event was attended by officials and representatives from leading maritime companies in the Indian market and beyond.

Ahmed Al-Ghaith, president, Bahri Logistics, said: “Taking home this coveted award for three years in a row is a remarkable achievement, and one that further strengthens Bahri’s reputation for delivering outstanding breakbulk services of the highest caliber to our valued clients in the Indian market. This has been made possible through our sustained focus on service excellence and quality assurance. With demand for breakbulk services continuing to rise in the market, we remain fully committed to further developing our operational capabilities and providing exceptional support to our clients in India.” 

Bahri has established itself as a prominent player in the Indian maritime sector, linking the country with key global markets along the Arabian Gulf, Red Sea, the Mediterranean and the US via a fast and reliable liner service using its fleet of state-of-the-art RoCon vessels. 

This service also helps connect the country to Africa, Latin America, and the Caribbean via internationally recognized transshipment hubs.


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.