ITFC, WTO boost cooperation

Hani Salem Sonbol with Roberto Azevedo
Updated 09 October 2016

ITFC, WTO boost cooperation

On the sidelines of the WTO Public Forum, Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation, and Roberto Azevedo, the World Trade Organization director general, discussed latest outlook of the future of trade, and further areas of cooperation.
These areas of cooperation include SMEs’ development, emphasizing on ITFC’s major role in the implementation of regional integration programs (AfTIAS) and inter-regional trade development (Arab Africa Trade Bridge Program and Special Program for Central Asia — SPCA), and ITFC trade development programs that contribute to the achievement of the trade related SDGs in IDB member countries.
The potential future cooperation in ITFC/IDBG trade data and contribution in WTO reports and databases, sharing views on SME’s development, and partnering in initiatives for SMEs’ promotion in member countries also figured in the discussion.
“I can confidently say that this has been a very fruitful meeting that resulted in shaping many promising future joint projects between our two entities,” Sonbol said.


Helicopter Company hauls largest airborne Saudi flag across the Kingdom’s skies

Updated 29 September 2020

Helicopter Company hauls largest airborne Saudi flag across the Kingdom’s skies

  • Impressive spectacle marked the start of a first-of-its-kind airshow, as part of the Kingdom’s 90th National Day celebrations

RIYADH: The Helicopter Company (THC) helped Saudi Arabia’s 90th National Day Airshow get off to a flying start by displaying the largest airborne Saudi flag in the skies above the Kingdom.

The impressive spectacle marked the start of the first-of-its-kind event, which combined military and civil aviation displays in a single show. The week-long airshow, organized by the General Entertainment Authority, began in Jeddah on Sept. 21, before moving on to Riyadh and concluding in Al-Khobar.

It began with a THC AgustaWestland AW139 helicopter towing the 2,000-square-meter flag across the sky. At the end of each day’s airborne entertainment, THC took the skies again to display a banner decorated with the slogan of the 90th National Day, “mettle to the top.”

THC, which is wholly owned by the Kingdom’s Public Investment Fund, recently launched its banner-towing service. It offers clients the chance to display messages and advertise products on huge customized banners towed across the sky by a helicopter. The company’s participation in the National Day Airshow was the first official use of the service. THC has also introduced aerial photography, in addition to other recently announced aerial business services.