JEDDAH, 23 April 2007 — The National Commercial Bank (NCB) recently held series of seminars called “Decision Makers” at its main headquarter in Jeddah. A group of the bank executives presented analysis of the latest developments in the national economy. Adnan Bin Himd, Islamic Finance Group head at the bank, said the symposia aimed at providing Islamic banking solutions for senior clients in the field of Islamic finance. The most prominent issues debated concerned the risks and products and services trade, Islamic banking solutions, and finally products and cash management solutions.
Samsung Unveils Anti-Infection A/C
DUBAI, 23 April 2007 — Samsung Electronics yesterday launched the world’s first air conditioners that fight SARS, bird-flu and other infections. Along with the newly launched M-Series and F-Series, the three split-type models are expected to increase the growth of Samsung’s Home Appliances business in the Middle East. The Samsung patented Micro Plasma Ion, embedded in the V-series — the hallmark of the new range — generates active hydrogen atoms which combine with oxygen ions to strongly purify the air by decomposing viruses, bacteria and allergens. All the new models feature the cutting-edge Samsung technology — Good Sleep Mode — that automatically adjusts the room temperature and maintains the optimum skin condition during the three stages of dormancy: falling asleep, sound asleep and wake-up.
GML Sets Up Rotterdam Office
DUBAI, 23 April 2007 — GAC Marine Logistics (GML), a UAE-based global provider of logistics services for ship spares and marine parts, has set up its first European office in Rotterdam as part of its ongoing expansion plans.
Kempinski Plans Strategic Alliances
JEDDAH, 23 April 2007 — With the tourism industry in Saudi Arabia and the rest of the Middle East generating over $29 billion per annum and an increasing number of GCC residents choosing to travel intra-regionally, German-based Kempinski Hotels & Resorts group, which is celebrating its 110th anniversary this year, is aiming to capture a larger share of the business through its strategic alliances. “We expect the tourist industry to grow further this year and we seek to reinforce our position as the preferred accommodation for the region’s travelers,” Christian Renz, vice president global sales of the Kempinski group, told Arab News on the sidelines of its annual road show held at the Jeddah Hilton on Saturday night. (K.S. Ramkumar)
German Training Team to Visit Kingdom
RIYADH, 23 April 2007 — The First iMOVE delegation composed of 15 German training providers will be arriving here on April 28 for a five-day visit which will take them to Jeddah. iMOVE — an initiative of the German Federal Ministry of Education and Research, aims to promote international cooperation and to establish business relationships in the field of initial and continuing vocational education and training. German-Saudi Arabian Liaison Office for Economic Affairs (Gesalo) said the delegation is a cooperation between iMOVE and Gesalo and will be hosted by German Industry & Commerce Delegate Gerd Doepner. (Abdul Hannan Faisal Tago)
