LG debuts wearable robot at IFA 2018

LG CLOi SuitBot supports and enhances a user’s legs to allow for more mobility and lower limb strength
Updated 11 September 2018
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LG debuts wearable robot at IFA 2018

LG Electronics unveiled to the public at IFA 2018 in Berlin its first “human-centric” wearable robot. But unlike previously announced robots from LG such as Guide Robot, Cleaning Robot and Serving Robot, LG CLOi SuitBot does not navigate airport lounges and hotel hallways by itself. What it does is support and enhance a user’s legs to allow for more mobility and lower limb strength.

Last year LG invested in a startup that develops robots to overcome the limitations of the human body in everyday life. LG CLOi SuitBot was designed in collaboration with the startup, SG ROBOTICS.

A comfortable fit and naturally rotating joints allow the CLOi SuitBot to move in a more relaxed and natural way to enhance the lower body while walking, standing or working. 

Its sandal-type shoes and automatic adjustment feature allow the wearer to get in and out of the suit more easily.

“LG CLOi SuitBot is evidence of our full commitment to expanding our portfolio of service robots that deliver tangible convenience and innovation in our lives,” said Song Dae-hyun, president of LG’s Home Appliance and Air Solution Company. “It’s just one example of a wide range of revolutionary AI products designed to interact with users to dramatically elevate user convenience and create new opportunities to advance our robotics initiative into a next-gen growth engine.”


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.