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SUNDAY, JUNE 27, 2021 05 KFH-Bahrain names ex-employee as Libshara Grand prize May winner Loans go online for SMEs TDT | Manama BDB launches digital banking platform “tijara” for SMEs uwait Finance House merce and Tourism Zayed R. K– Bahrain announced The first integrated Alzayani said: “The launch of Naeem Al Mannai as the • BDB’s new platform tijara is in monthly grand prize winner digital banking platform line with the ministry’s commit- of $100,000 for May 2021, as for SMEs to access ment to cut red tape, empower part of its Libshara invest - fast and convenient the SME sector and further im- ments savings raffle. financing online prove Bahrain’s business envi- The bank also named 20 ronment. The added flexibili- winners for monthly prizes Khalid Al-Maarafi ty of this service will enhance worth up to $20,000, and 50 TDT | Manama competitiveness by creating an winners amongst the Libshara the best in Shari’a-compliant innovative and simple process special segments with prizes banking products and servic- ahrain Development Bank for SMEs and startups to gain up to $25,000. es,” said Al Mannai. yesterday announced the Zayed R. Alzayani Khalid Al Rumaihi access to financial services and Commenting, Khalid Al- Libshara Investment Sav- Blaunch of “tijara” a new financing”. Maarafi, Executive Manager ings Account’s 2021 cam - efficient digital banking plat- able to all customers in the up- digitally on the website www. Bahrain Development Bank and Head of Retail & Private paign offers two prizes form for Small and Medium En- coming phase, up for launch tijara.bh. Chairman, Khalid Al Rumaihi, Banking Group at KFH - Bah- worth $500,000, in addition terprises that enables business- later this year. The platform will The platform also allows ap- described the launch as “an - rain, said: “We would like to to a monthly grand prize of es to apply for loans online for include additional BDB products plying for BDB’s ‘Express’ loan other step forward in Bahrain’s extend our congratulations to $100,000, as well as 20 month- the first time in the Kingdom. and services. - short-term financing of up to digital transformation journey”, Naeem Al Mannai and all the ly cash prizes worth $1,000 The platform is rolled out for Customers using the new BHD 15,000, and tracking its which would continue to sup- winners of the May 2021 draw and usually 50 cash prizes selected BDB customers at this platform could register and progress online. port economic growth in the for the Libshara investment worth $500 within catego - initial phase but will be avail- undergo biometric verification Minister of Industry, Com- SME sector. account.” ries of “Our Women”, “Our “I am very happy to have Children”, “Our Savers” and won the grand prize, and “Our Cards”, in addition to the would like to extend my sin- “KFH Jazeel” prize, which is cere gratitude to the team at awarded to clients who open KFH-Bahrain for their con- both KFH JAZEEL and Libshara GFH buys FedEx logistics facility in Ohio tinuous efforts in providing investment savings accounts. portunities that it presents for The group increases GFH and our shareholders and • investors.” its logistics investments GFH is a global real estate in- VW to end sales of combustion in North America and vestor, investing across sectors engines in Europe by 2035 Europe to more than with strong long-term funda- US$ 300 million mentals. It currently has more Reuters | Berlin than US$12 billion of assets un- der management. erman carmaker Volkswa- TDT | Manama GFH continues to scale up its gen will stop selling com- global logistics platform with G Razi Al Merbati, Chief Executive Officer of GFH Capital KSA bustion engines cars in Europe FH Financial Group (GFH) its recent acquisitions of the by 2035 as it shifts to electric yesterday announced the increase in global trade and diversified portfolio. ” Amazon Spain Portfolio, the vehicles, but later in the Unit- Gacquisition of a US-based E-commerce, as well as devel- Nael Mustafa, Co-CIO Real Michelin distribution facility ed States and China, a board warehousing and distribution opment in supply chain man- Estate at GFH, added, “We look in Chicago and the current Fe- member was quoted as saying logistics facility situated in Ohio agement, has created an in- forward to announcing sev- dEx distribution facility trans- yesterday. and fully leased to FedEx Inc. in creased structural demand for eral other transactions in the action. This will gain exposure “In Europe, we will exit the a transaction valued at approxi- warehousing space, and hence sector this year across North to well-positioned top credit business with internal com- mately US$100 million. further growth. As part of our America and Europe, support- tenants occupying a variety of bustion vehicles between 2033 Technicians work in the final Commenting, Razi Al Mer- investment strategy, we have ed by our conviction in the mission-critical facilities in key and 2035, in the United States inspection line of German carmaker bati, Chief Executive Officer been investing in this dynamic ongoing growth of the logis - locations in North America and and China somewhat later,” Volkswagen’s electric ID. 3 car in of GFH Capital KSA, said, “An sector and building a solid and tics sector globally and the op- Europe. Klaus Zellmer, Volkswagen Dresden, Germany board member for sales, told the Muenchner Merkur news- electric cars to account for paper. 70% of total sales by 2030. This “In South America and Af- would prepare the company rica, it will take a good deal for a possible tightening of the Microsoft says new breach discovered in longer due to the fact that the European Union’s climate tar- political and infrastructure gets and even go beyond them. framework conditions are still EU policymakers have probe of suspected SolarWinds hackers missing.” clamped down on exhaust Reuters | San Francisco By 2050 at the latest, the en- emissions, forcing carmak- tire Volkswagen fleet should ers to spur development of be CO2-neutral, Zellmer told low-emission technology or icrosoft said on Friday an attacker had the newspaper. face penalties if they exceed Mwon access to one of its customer-ser- In Europe, he is aiming for limits on CO2 emissions. vice agents and then used information from that to launch hacking attempts against customers. The company said it had found the com- promise during its response to hacks by a Tesla ‘recalls’ vehicles in China team it identifies as responsible for earlier major breaches at SolarWinds and Micro- for online software update soft. Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May. “A sophisticated Nation-State associated The SolarWinds logo is seen outside its headquarters in Austin, Texas, U.S actor that Microsoft identifies as NOBEL- LIUM accessed Microsoft customer sup- cases to launch highly-targeted attacks as was at a contractor or a direct employee. port tools to review information regarding part of their broader campaign,” Microsoft A spokesman said the latest breach by A China-made Tesla Model 3 electric vehicle is seen ahead of the Guangzhou your Microsoft Services subscriptions,” the said. the threat actor was not part of Nobelium’s auto show in Guangzhou, Guangdong province, China warning reads in part. The U.S. government Microsoft warned affected customers to previous successful attack on Microsoft, in has publicly attributed the earlier attacks be careful about communications to their which it obtained some source code. Market Regulation said on its to the Russian government, which denies billing contacts and consider changing In the SolarWinds attack, the group al- Reuters | Beijing website that the move is linked involvement. those usernames and email addresses, as tered code at that company to access So- to an assisted driving func - When Reuters asked about that warning, well as barring old usernames from log- larWinds customers, including nine U.S. hinese regulators said tion in the electric cars, which Microsoft announced the breach publicly. ging in. federal agencies. CyesterdayTesla Inc would can currently be activated by After commenting on a broader phishing Microsoft said it was aware of three en- At the SolarWinds customers and others, ‘recall’ nearly 300,000 Chi- drivers accidentally, causing campaign that it said had compromised a tities that had been compromised in the the attackers also took advantage of weak- na-made and imported Model sudden acceleration. small number of entities, Microsoft said it phishing campaign. nesses in the way Microsoft programs were 3 and Model Y cars for an on- The remote online software had also found the breach of its own agent, It did not immediately clarify whether configured, according to the Department of line software update related to ‘recall’ - a first for Tesla cars who it said had limited powers. any had been among those whose data was Homeland Security. assisted driving, with owners built in China - covers 249,855 The agent could see billing contact in- viewed through the support agent, or if Microsoft later said that the group had not required to return their China-made Model 3 and formation and what services the customers the agent had been tricked by the broader compromised its own employee accounts vehicles. Model Y cars, and 35,665 im- pay for, among other things. campaign. and taken software instructions governing The State Administration for ported Model 3 sedans. “The actor used this information in some Microsoft did not say whether the agent how Microsoft verifies user identities..

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