Rolls-Royce has unveiled the new Phantom Drophead Coupé for the first time in the Kingdom of Saudi-Arabia at the Rolls-Royce showroom in Jeddah on Tuesday. Musa I. Al-Aruri, managing director of Mohamed Yousuf Naghi Motors, said “the level of interest in this new car has been extraordinary and we have forward orders stretching beyond next year.” Rolls-Royce Motor Cars´ Managing Director for Europe and the Middle East Axel Obermüller, added “Rolls-Royce has been producing the world’s most desirable convertibles for many decades and from the customer reaction to the new Drophead we see that this tradition is set to continue. Saudi Arabia is an important market for Rolls-Royce and it is rewarding to see strong and increasing demand for all our models — a pattern which we see repeated around the world, with sales up globally by 22 percent at the end of October, compared to the same period last year.” The Phantom Drophead Coupé is a two-door, four-seater convertible combining the latest in lightweight engineering technology with the finest handcrafted materials. It features several unique design options, such as a stainless steel bonnet and teak decking — inspired by sailing yachts. Each car is individually built by highly skilled craftsmen and women at the company’s world headquarters in Goodwood, on the south coast of England. The Phantom Drophead Coupé offers owners an unparalleled convertible experience, combining compelling drivability with exceptional engineering, technology and design. With the addition of the convertible to the range, the luxury car manufacturer now offers three models including the Phantom and Phantom Extended Wheelbase.
Bay La Sun Village
Emaar, The Economic City, the Tadawul-listed company developing King Abdullah Economic City (KAEC), has unveiled a seaside residential tower within the recently launched Bay La Sun Village in KAEC. Apartments in the seaside Marina Tower 4 will be released for sale from Sunday at the Sales Center in King Abdullah Economic City and Riyadh Sales Center on King Fahd Street. The Marina Tower will feature a range of apartments — most of them facing the Red Sea — and offering several amenities for residents including pools and children’s play areas. Set amid canals and in easy access to a Marina, the tower will be an integral part of the Bay La Sun Village, which opened to overwhelming sales response recently. Residents can also enjoy a host of amenities that are part of the Bay La Sun Village including leisure facilities, retail outlets, schools, mosques, medical centers and community areas. Twenty-four hour security and maintenance support are standard. Potential investors can call 8001180010 or visit www.baylasun.com for more details.
Al- Khaliji
Niall Coburn has joined Al-Khaliji as senior executive, corporate governance. Prior to joining Al- Khaliji in Doha, Coburn was director of enforcement for the Dubai Financial Services Authority, the regulatory entity for the Dubai International Financial Center (DIFC). Coburn will lead the legal, compliance and company secretariat at Al-Khaliji to ensure international best practices are implemented. Guy Noble has also joined Al-Khaliji as senior executive, service delivery. Noble brings 21 years of experience in retail and corporate banking most recently as head of operations & risk for Lloyds TSB plc. David Proctor, chairman’s advisor and head of the executive team, said: “We’re delighted to welcome Niall and Guy to the Al-Khaliji family. The levels of experience they collectively bring to the bank are key to our continued commitment to apply international best practice standards across our organization.”
NCB
The National Commercial Bank (NCB) recently appointed Hazim Zagzoog as NCB Private Banking Division head. AlSharif Khalid Al-Ghalib, the NCB head of Individual Banking Sector, who issued the appoinment, said the selection of Zagzoog reflects the bank’s success in building qualified national resources capable of holding the highest positions of leadership. Zagzoog said the private banking service administration, in cooperation with the specialized areas, conducted competent study and analysis of the financial needs of customers in order to offer those appropriate products to satisfy their requirements. He added that each customer of the private banking administration was provided with the special services they needed.
‘One Network’
Zain subsidiary Celtel International announced the extension of “One Network”, the world’s first borderless mobile network in Africa to Burkina Faso, Chad, Malawi, Niger, Nigeria and Sudan. These countries now join the Republic of Congo, the Democratic Republic of Congo, Gabon, Kenya, Tanzania and Uganda in the network which was initially launched in September 2006 and has been expanded due to increased demand. The extension of this technological breakthrough now offers the possibility for nearly half of Africa’s population to make calls at local rates across 12 countries throughout the continent. The expansion of One Network now means the world’s first borderless mobile phone network covers an area more than twice the size of the European Union. Since its launch more than two million people have already used the service. Zain Group CEO Dr. Saad Al-Barrak said: “The innovation behind and the expansion of the world’s first borderless mobile phone network is a reflection of our dedication to the African continent and its people.”
Tamaiaz Award
Mawarid Finance has launched the Tamaiaz Award for new graduates and senior university students, giving them an opportunity to compete fairly in guaranteeing the first job of their careers. Based on Mawarid’s policy to be an active contributor to the Emiratisation drive in the in private and public sectors, its new award is designed to enrich the competitive spirit in science and education. The company seeks to boost the competitiveness and creativity of UAE nationals pursuing higher education degrees in UAE universities and colleges, preparing them to enter the career market in the private sector in full readiness and with the required qualifications.