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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Tuesday, March 4, 2025

IBPC Drives Global Business Growth with Impactful Select USA Event, Strengthening India-UAE-US Ties.

 

IBPC Drives Global Business Growth with Impactful Select USA Event, Strengthening India-UAE-US TiesIn Partnership with the US Consulate Dubai, IBPC Unveils New Opportunities for Indian Businesses to Expand in the US Market

Dubai, United Arab Emirates

The Indian Business & Professional Council (IBPC Dubai) recently hosted a landmark event as part of its Business Connect Series, focusing on the opportunities offered by the U.S. market for Indian businesses.

In collaboration with the U.S. Consulate in Dubai, this event centred around the SelectUSA initiative, which aims to help foreign companies expand their operations in the U.S.

Monday, February 24, 2025

FTA Strengthens Business Efficiency with Intellectual Property Registration of ‘Muwafaq’ Package

 H.E. Khalid Al Bustani: “Registration reinforces FTA’s position as a leading institution in delivering innovative tax solutions”

Abu Dhabi, 24 February 2025: As part of its participation in Innovation Month (UAE Innovates 2025), the Federal Tax Authority (FTA) has announced the intellectual property registration of the “Muwafaq” package, which has been specifically developed to support small and medium-sized enterprises (SMEs), in the United Arab Emirates.

As part of today’s announcement, the FTA highlighted that the “Muwafaq” package seeks to create a significant step forward in fostering innovation within the tax system and delivering comprehensive solutions that align with market needs. The Authority further stated that its hopes for “Muwafaq” are that it will contribute to the empowerment of SMEs and enhancing their tax compliance capabilities.

Friday, February 21, 2025

Al Esely Group Celebrates 35 Years of Excellence and Unveils an Ambitious Vision for Global Expansion by 2035

 On the Sidelines of Gulfood 2025 in Dubai, with Attendance from Global Business Leaders

Dubai – In a grand event at Gulfood 2025 in Dubai, Al Esely Group celebrated its 35th anniversary, marking a journey of remarkable achievements and leadership in meat trading, fruits, and import-export. The celebration showcased the group’s ambitious vision for the future, extending to 2035, and attracted a distinguished audience of global business leaders and prominent personalities, further cementing its leadership position in local and international markets.

Recognition of Al Esely Group’s Impact on the Egyptian Market

During his keynote speech, Mr. Ashraf Hamdy, the Commercial Counselor at the Egyptian Embassy in Abu Dhabi, praised Al Esely Group for its pioneering role in driving significant growth in the Egyptian market. He highlighted the group’s success not only in meat and fruit trading but also in strengthening its presence in the import-export sector, contributing to the national economy and enhancing the global competitiveness of Egyptian products.

Al Esely Group Celebrates 35 Years of Excellence and Unveils an Ambitious Vision for Global Expansion by 2035

 On the Sidelines of Gulfood 2025 in Dubai, with Attendance from Global Business Leaders

Dubai – In a grand event at Gulfood 2025 in Dubai, Al Esely Group celebrated its 35th anniversary, marking a journey of remarkable achievements and leadership in meat trading, fruits, and import-export. The celebration showcased the group’s ambitious vision for the future, extending to 2035, and attracted a distinguished audience of global business leaders and prominent personalities, further cementing its leadership position in local and international markets.

Recognition of Al Esely Group’s Impact on the Egyptian Market

During his keynote speech, Mr. Ashraf Hamdy, the Commercial Counselor at the Egyptian Embassy in Abu Dhabi, praised Al Esely Group for its pioneering role in driving significant growth in the Egyptian market. He highlighted the group’s success not only in meat and fruit trading but also in strengthening its presence in the import-export sector, contributing to the national economy and enhancing the global competitiveness of Egyptian products.

A Legacy of Success and a Vision for the Future

Dr. Sayed Al Esely, Chairman of Al Esely Group, expressed his pride in the journey that began 35 years ago, saying:
“Our journey has been filled with challenges and successes, achieved through dedication, teamwork, and strategic partnerships. Today, as we celebrate this milestone, we renew our commitment to innovation and growth, guided by an ambitious vision extending to 2035. We aim to enhance our global presence by investing in promising sectors, including food, real estate, and gold and jewelry.”

Monday, February 17, 2025

EMSTEEL delivers AED 8.3 billion in revenue for 2024

 Abu Dhabi, United Arab Emirates, 12 February 2025: EMSTEEL (ADX: EMSTEEL) (“the Group”), one of the largest publicly traded steel and building materials manufacturers in the region, announced today its preliminary (unaudited) financial results for Full Year 2024. The results highlight EMSTEEL’s ability to perform well whilst facing difficult market conditions.

 Financial highlights for 2024:

  • During 2024, EMSTEEL maintained overall steel production volumes in line with the level attained during 2023. The Group delivered total revenues of AED 8.3 billion, approximately 6% lower than the AED 8.9 billion reported for 2023. This decrease in revenue is due to various factors, including fluctuations in global steel prices, increased competition, and changing demand trends driven by economic uncertainties in key markets.

Friday, February 14, 2025

DIFC introduces new PropTech solution, boosting Dubai’s appeal as a leading property investment destination

 

  • Further enhances Dubai’s reputation as a global hub for technology and innovation
  • Aligns with Dubai Real Estate Sector Strategy 2033 objectives and Dubai Digital Strategy
  • Keyper, Dubai’s pioneering PropTech company, becomes first subscriber and creates go-to digital resource for all essential residential property data within the financial district

Dubai, UAE; 12 February 2025: Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has launched a new technology solution that enables third parties to access data on its real estate landscape.

Thursday, February 13, 2025

TASARU, Bahri, and Mosolf Group Join Forces to Deliver Comprehensive Automotive Logistics for the Kingdom

 

  • TASARU, Bahri, and Mosolf Group have formed a strategic JV in Saudi Arabia to deliver comprehensive automotive logistics solutions in the Kingdom and address market gaps.
  • TASARU will provide capital investment, Bahri will manage shipping with its extensive maritime logistics experience and local market expertise, and Mosolf Group will offer technical know-how from its European automotive logistics operations.

12, February, Riyadh, Saudi Arabia: TASARU Mobility Investments (“TASARU”), a prominent investment entity wholly owned by the Public Investment Fund (“PIF”) of Saudi Arabia, has launched a strategic joint venture (“JV”) in collaboration with Bahri, the National Shipping Company of Saudi Arabia, and MOSOLF Group, a leading European provider of automotive logistics and technology solutions. This joint venture aims to deliver comprehensive and innovative logistics solutions tailored to meet the needs of the automotive and mobility sectors in Saudi Arabia. It embodies the concept of sustainable logistics innovation by leveraging advanced technologies and developing infrastructure that supports the transformation of the automotive and mobility landscape. ​

Monday, February 10, 2025

Breakbulk Middle East 2025 Opens with Record Attendance and Strong Industry Engagement

 Dubai, UAE – February 10, 2025 – Thousands of project cargo professionals gathered today at Dubai World Trade Centre for the opening of Breakbulk Middle East 2025, marking the region’s largest industry event to date. With business decision-makers representing every sector of the supply chain, the event set the stage for two days of high-level discussions, networking, and deal-making.

The event was officially inaugurated by Her Excellency Eng. Hessa Ahmed Al Malek, Minister Advisor for Maritime Affairs at the Ministry of Energy and Infrastructure, who welcomed attendees and reaffirmed the UAE’s commitment to strengthening global trade. “The UAE remains committed to strengthening its position as a global trade hub by fostering collaboration, investing in infrastructure, and embracing innovation,” she said. “Breakbulk Middle East plays a critical role in advancing these efforts, bringing together key players to drive the industry forward.”

Line Investments & Property Launch New LAKA Gift Card Powered by VISA

 Combining flexible redemption, personalized gift-giving, and security across 19 malls

Abu Dhabi, UAE — Line Investments & Property SP LLC, the shopping mall division of Lulu International Holdings, today unveiled the LAKA Gift Card, a groundbreaking gifting solution now accessible across its 19 premier Line Investments malls in UAE.

Developed in collaboration with regional fintech leaders Giftstarr and NymCard. The card is powered by VISA’s secure infrastructure. The LAKA Gift Card introduces the GCC’s first integration of QR-enabled personalized video messaging, enhancing retail gifting through unmatched convenience and emotional resonance.

Friday, February 7, 2025

LOGIC Holding Acquires NEXEL to Accelerate Leadership in Digital Transformation and Innovation

 4th of February 2025, Dubai, United Arab Emirates – LOGIC Holding, a leading management consulting group in the MEA region, today announced the acquisition of a majority stake in NEXEL, a renowned digital transformation and innovation consulting firm. This strategic move amplifies LOGIC’s capabilities in delivering cutting-edge digital solutions while expanding its market reach across the Gulf.

By integrating NEXEL’s expertise in enterprise architecture, artificial intelligence, e-commerce, cloud, data services, and sector-specific innovation, LOGIC strengthens its portfolio to meet surging demand for transformative digital service offerings. The partnership unlocks operational synergies, accelerates growth in key markets like Saudi Arabia, and positions LOGIC as the partner of choice for businesses navigating complex technological shifts.

Wednesday, February 5, 2025

Keyper partners with First Abu Dhabi Bank and Dubai First to transform rent payments with guaranteed cashback and a chance to win one month’s rent

 Dubai, United Arab Emirates  3rd February 2025 — In an exciting partnership that sets a new benchmark in the UAE rental market, Keyper has joined forces with the First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, and Dubai First in partnership with Mastercard to make Keyper’s one-of-a-kind Rent Now, Pay Later (RNPL) programme available to their users for the first time.

Designed to redefine how tenants pay rent, this partnership introduces the convenience of paying by card, monthly instalments on annual rent, earning bank rewards, guaranteed cashback, and the chance to win back a month’s rent.

Monday, February 3, 2025

Joyalukkas opens its second showroom in the UK.

 Southall, UK – 31st January, 2025: Joyalukkas, the world’s favourite jeweller, has officially opened its second showroom in the UK, in Southall, marking a significant milestone in its 19-year journey in the UK. Located at 38 The Broadway, Southall, UB1 1PT, the new showroom promises to deliver an elegant shopping experience, featuring an extensive collection of exquisite jewellery. From timeless gold to stunning diamond and precious stone pieces, the showroom offers a diverse range to suit every occasion and taste.


 

Wednesday, January 29, 2025

NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth

 

  • 400,000 sqm Ras Al Khair yard will deepen NMDC Energy’s project portfolio to meet increasing regional energy and manufacturing demand.
  • The state-of-the-art yard will provide offshore facilities fabrication as well as onshore modularization.
  • NMDC Energy have been awarded multiple projects worth billions of dollars by Aramco since the long-term agreement with Aramco was signed in 2016.
  • Yard part of wider strategy to support investment to deliver positive economic impact in KSA with the Kingdom now responsible for 38% of NMDC Energy’s total revenue.

Abu Dhabi, UAE: 21 January 2025 – NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia, representing the next phase of its strategic regional and global growth for the company. Equipped with the latest features in automation and digitalization, it also incorporates the latest fabrication processes.

Tuesday, January 28, 2025

Middle East confidence steady as new orders surge 10% above average, according to ACCA’s GECS Q4 2024

 Survey highlights regional resilience, driven by non-oil sector growth and strategic diversification efforts

Dubai, UAE: 22 January 2025: Despite global economic uncertainty, the Middle East is emerging as a beacon of resilience, according to the Q4 2024 Global Economic Conditions Survey (GECS) released by the Association of Chartered Certified Accountants (ACCA).

The survey revealed a 10% rise in new orders above historical averages for the region, signaling robust economic activity driven by diversification efforts and strong non-oil sector growth. While confidence levels dipped slightly in Q4, they remain among the highest globally, second only to South Asia.

Monday, January 27, 2025

81% of CDP users gain competitive edge in AI initiatives, Tealium research shows

 Study reveals enterprises with CDPs achieve faster AI deployment with superior data quality, while non-CDP users struggle with data wrangling and compliance

22 January 2025 – Tealium today released its sixth annual report, The Future of Customer Data: AI, CDPs, and Real-Time Data, revealing insights into how organizations are leveraging customer data platforms (CDPs) to drive business success in an AI era. The study surveyed 1,200 global professionals across industries, examining both CDP and non-CDP users at various stages of maturity.

Friday, January 24, 2025

68.97% of GCC Facility Managers Report Improved Efficiency Through Centralized Digital Platforms

 Empowering GCC Facility Management: New Insights on Digital Transformation, Efficiency, and Cost Savings

Dubai, UAE – 20 January 2025 –The facility management industry in the GCC is experiencing a seismic shift as professionals adopt digital tools to meet rising operational demands. A new whitepaper from PlanRadar, in collaboration with the Middle East Facility Management Association (MEFMA), reveals that 68.97% of FM professionals report enhanced efficiency through centralized digital platforms, while 58.62% highlight cost savings from reducing errors and delays. This comprehensive report not only sheds light on the challenges FM professionals face but also provides actionable strategies to navigate them effectively.

A Rapidly Evolving Industry: The Role of Digital Platforms

The whitepaper highlights how the GCC’s FM sector is growing in complexity due to large-scale urban development and diverse facility types. 44.83% of professionals are adopting digital tools to streamline daily operations, and 62.07% are using Computer-Aided Facility Management (CAFM) software to optimize workflows. However, challenges like operational inefficiencies, workforce gaps, and sustainability pressures remain critical barriers.

Friday, January 17, 2025

Breakbulk Middle East Returns to Dubai with Record-Breaking Momentum

 DUBAI, UAE – 14th January 2025 – Held under the patronage of the UAE Ministry of Energy and Infrastructure, Breakbulk Middle East will return to the Dubai World Trade Centre on 10-11 February 2025 to deliver its most impactful edition yet. Registration is now open, and all indications point to a record-breaking event for the only trade show in the region dedicated to the project cargo and breakbulk industry.

“Breakbulk Middle East has consistently demonstrated its ability to unite industry professionals, foster collaboration, and promote innovative solutions for the supply chain,” said H.E Eng. Hassan Mohamed Juma Al Mansouri, Undersecretary for Infrastructure and Transport Affairs at the UAE Ministry of Energy and Infrastructure. “As we address challenges such as climate change and trade efficiency, the UAE remains committed to supporting platforms like this that facilitate meaningful dialogue and drive progress in international trade and prosperity.”

Tuesday, January 14, 2025

World Future Energy Summit’s CLIX Startup Platform Champions Women in Energy, Advancing Climate Debate

 

  • 2025 Theme Focuses on Female-Centric, Founded or Managed Startups
  • Global Startups Roll Out Pioneering Solutions to Impact Land, Sea and Air Sustainability
  • Visionaries Look to Win Investor Backing for Impact-Driven Tech-Based Solutions

Abu Dhabi, UAE – January 12, 2024: Pioneering, female-driven sustainability solutions from more than 12 countries spanning the Americas, UK, Europe, Asia, and Africa, will be rolled out this month at the Climate Innovations Exchange (CLX), a flagship event of the World Future Energy Summit, which is hosted by Masdar and part of Abu Dhabi Sustainability Week.

Women visionaries and female-centric, founded, or run startups with groundbreaking answers to some of the world’s most pressing sustainability challenges will be looking to connect with investors and partners through the CLIX programme and showcase from January 14-16, 2025, at the ADNEC Centre in Abu Dhabi. A total of 35 startups are confirmed to attend next week’s event in the CLIX lineup and will be given the opportunity to present their solutions to global investors on a dedicated stage.



The startup support from the World Future Energy Summit of comes in response to a pivotal UN report highlighting the disproportionate impacts of climate change on women and girls. The report detailed how women, particularly in rural areas, bear the brunt of climate-related challenges, recognising women’s unique vulnerability but also their potential as agents of change.

Tuesday, January 7, 2025

Emirates GBC and Global Green Growth Institute partner to advance sustainable urban development in the UAE

 

  • MoU to focus on knowledge sharing, green project implementation, and thought leadership
  • Collaboration will harness the collective expertise, networks, and experiences of both organisations to drive the UAE’s net-zero readiness

Dubai, UAE; January 2, 2025:The Emirates Green Building Council (Emirates GBC) and the Global Green Growth Institute (GGGI) have signed a Memorandum of Understanding (MoU) to collaborate on promoting sustainable, climate-resilient, inclusive, and green urban development in the UAE through a combination of support mechanisms, training, knowledge platforms, and knowledge-sharing events. Leveraging insights from both the public and private sectors, this partnership will address challenges in enhancing the built environment, with a deep focus on green project implementation and thought leadership.

Monday, December 16, 2024

AD Ports Group Assigned New A1 Credit Rating by Moody’s Ratings

 Abu Dhabi, UAE – 10 December 2024: AD Ports Group (ADPORTS:ADX), an enabler of integrated trade, transport and logistics solutions, announced today that it has received an initial A1 credit rating with a stable outlook from Moody’s Ratings (Moody’s), the international credit ratings agency, reflecting the Group’s strong financial performance and robust growth prospects.

AD Ports Group’s A1 long-term issuer rating reflects the company’s Baseline Credit Assessment (BCA) of Baa2 and the Government of Abu Dhabi majority ownership through ADQ.