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Samba Launches Credit Card with Various, Innovative Features

Samba Launches Credit Card with Various, Innovative Features
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Samba Launches Credit Card with Various, Innovative Features

Samba Launches Credit Card with Various, Innovative Features

Samba Financial Group has launched a new credit card, designed to give its customers unlimited distinction.

Samba “Unlimited” credit card provides card holders with a cashback feature every time they use the card for the purpose of purchasing.

It was designed according to a number of research and marketing visions to allow all its users have a cash refund of 1.5 percent of their total monthly purchases.

This makes the card an ideal companion for shoppers looking to double their credit rewards, and it is available in all Samba branches in the Kingdom.

The card is enhanced with unique and unlimited benefits offered by Samba credit cards, not to mention its travel and lifestyle features.

It allows its holders to access more than 1,000 private airport lounges around the world, with many exclusive shopping offers by European shopping malls, hundreds of free purchase offers and leisure and recreation offers.

The card also provides emergency and travel insurance in any country.

Samba Financial Group has always placed its customers at the center of its attention, said Branch Banking Head at Samba Financial Group Maan al-Kahmous.

Kahmous pointed to the extent to which Samba is committed in its continuous innovation process to improve product offerings.

He said it targets fulfilling its customers’ aspirations and contributing to enhancing its position as one of the leading banks in the field of credit cards in the Kingdom.

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China Says It May Speed up Rare Earths Application Approvals from EU

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)
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China Says It May Speed up Rare Earths Application Approvals from EU

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)

China is willing to accelerate the examination and approval of rare earth exports to European Union firms, its commerce ministry said on Saturday.

Price commitment consultations between China and the EU on Chinese-made electric vehicles exported to the EU have also entered a final stage but efforts from both sides are still needed, according to a statement on the Chinese commerce ministry's website.

The issues were discussed between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic in Paris on Tuesday, according to the statement.

The comments mark progress on matters that have vexed China's relationship with the European Union over the past year.

Most recently, China's decision in April to suspend exports of a wide range of rare earths and related magnets has upended the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.

The ministry said China attached great importance to the EU's concerns and "was willing to establish a green channel for qualified applications to speed up the approval process."

Commerce Minister Wang during the meeting "expressed the hope that the EU will meet us halfway and take effective measures to facilitate, safeguard and promote compliant trade in high-tech products to China," according to the statement.

In April, the European Commission said the EU and China had also agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year.

China's commerce ministry said the EU had also proposed exploring "new technical paths" relating to EVs, which the Chinese side was now evaluating.