Daimler Financial Services Launches Business in the United Arab Emirates.Byline: Joint Venture With Mercedes-Benz Importers in Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. and
Dubai - the Al Fahim Group and Gargash Enterprises
Summary: Joint Venture With Mercedes-Benz Importers in Abu Dhabi and Dubai - the Al Fahim Group and Gargash Enterprises Daimler Financial Services The Daimler Financial Services is the global financial services provider of Daimler AG. It provides financing, leasing, insurance concepts, multi-brand fleet management, insurance services and banking as well as issuing credit cards. AG, headquartered in Berlin, is expanding its global presence to include the Middle East growth region. Toward this end, the company announced the official opening of Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East on October 7, 2009 at a press conference in Abu Dhabi, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. . Both new companies are part of a joint venture between Daimler Financial Services and the Al Fahim Group, owners of Emirates Motor Company, the authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: Mercedes-Benz distributor in the Abu Dhabi Emirate e·mir·ate n. 1. The office of an emir. 2. The nation or territory ruled by an emir. Noun 1. emirate - the domain controlled by an emir as well as Gargash Enterprises, the official distributor of Mercedes-Benz Cars The following is a List of Mercedes-Benz cars indexed by year of introduction. Daimler and Benz vehicles
The new companies are headquartered in Dubai and offer loans and leasing to private and business customers for new and pre-owned passenger cars and commercial vehicles, including a shari'a compliant Islamic finance product. This enables Mercedes-Benz dealers in the United Arab Emirates to now provide their customers with the complete range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . "Our presence in the United Arab Emirates is of high strategic importance for Daimler Financial Services," said Daimler Financial Services CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Juergen Walker at a press conference in Abu Dhabi. "It makes us the first automaker to have its own finance and leasing company in the United Arab Emirates. Once we have successfully established our business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets here, in the mid-term we will decide about offering financial services in other Middle Eastern markets as well." The United Arab Emirates represent the most important passenger car market in the region Middle East for Mercedes-Benz. In 2008, Mercedes-Benz sold 7,800 passenger cars and 3,100 commercial vehicles in Abu Dhabi, Dubai, Sharjah and the Northern Emirates. Mr. Andreas Ernst, Managing Director of Mercedes-Benz Finance and Mercedes-Benz Leasing, said that the medium-term goal of the new companies was to achieve a contract volume of more than EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 300 million in the United Arab Emirates in three to five years: "To meet this target, we will be offering a comprehensive range of financial services from a single source to meet the needs of private or business customers. And we will support our dealerships with an electronic point-of-sale system that will result in faster loan decisions and a customer-friendly process." Mr. Rashed A. J. Al Fahim, Chairman of the Al Fahim Group, welcomed the formation of the joint venture and looked forward to a positive future: "We are confident and expect stronger Mercedes-Benz sales. The start of our jointly owned financial companies will further boost the attractive-ness of the Mercedes-Benz brand in Abu Dhabi." Mr. Abdul Jabbar Abdul Jabbar (Bengali: আব্দুল জব্বার) (1919- February 21,1952) is a martyr of the Bengali Language Movement that took place in the erstwhile East Pakistan (currently Gargash, Executive Director of Gargash Enterprises looked forward to the start of the new businesses: "For the first time, we can now provide our Mercedes-Benz customers in Dubai, Sharjah and the Northern Emirates with a broad range of financial services products that make owning a new or used Mercedes-Benz the easiest it has ever been." With its new financial services in the United Arab Emirates, Daimler Financial Services AG has further expanded its global presence. The Daimler Group's international provider of financial services employs about 6,800 people and is represented in more than 40 countries. The company currently finances or leases one third of all vehicles produced by Daimler worldwide and manages a contract volume of EUR60 billion. 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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