Category: Commerce

  • Al Hilal Bank,  signed an agreement with ADX.

    Al Hilal Bank, signed an agreement with ADX.

    Al Hilal Bank Launches Instant Digital Shariah-compliant Subscription Service for Initial Public Offerings in Collaboration with Abu Dhabi Securities Exchange (ADX)

    Abu Dhabi(News Desk)::Al Hilal Bank, a subsidiary of the ADCB Group and a progressive Islamic digital bank,has signed an agreement with the Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, to offer instant subscriptions to all Shariah-compliant Initial Public Offerings (IPOs) on the ADX platform through the Exchanges e-IPO portal. This convenient service will also be accessible through the Al Hilal Digital banking app, providing customers with ease and efficiency in investing in Shariah-compliant IPOs.
    This initiative expands Al Hilal Bank’s digital banking offerings by introducing a streamlined process for IPO subscriptions. This eliminates the need for customers to complete physical forms or make in-person visits for document authentication. The entire process is conducted digitally, enhancing efficiency, convenience, and accessibility. The digital app interface provides essential information about the IPO,including direct links to the prospectus and a section for frequently asked questions (FAQs) related to the subscription process. To subscribe to an ADX IPO, Al Hilal Bank customers need to only have a National Investor Number (NIN).
    This streamlined process can be effortlessly completed through the ADX Sahmi application in just a few simple steps. Once customers have their NIN, they can promptly subscribe to Shariah-compliant IPOs on ADX using the Exchanges eIPO Investor Portal and/or the Al Hilal Digital Banking App, ensuring a seamless and efficient experience for all investors.
    Abdulla Salem Alnuaimi, Group CEO of ADX, said: “The agreement with Al Hilal Bank strengthens our commitment to enhancing the digital experience for investors by streamlining the process of accessing IPO investment opportunities on the ADX e-IPO portal. This collaboration is part of ADX’s ongoing efforts in working with partners to support issuers in connecting with the wider investment community, and to empower investors, locally and globally, with more innovative solutions and direct access to boost
    their investment journey.”
    Jamal Al Awadhi, Deputy CEO of Al Hilal Bank, said: “With capital markets in the UAE becoming increasingly active, we are excited to be partnering with ADX to offer customers the opportunity to invest in Shariah-compliant IPOs directly through the Al Hilal Digital banking App. Today’s announcement is another example of Al Hilal Bank introducing innovative solutions to make banking simpler and more convenient for
    customers, further strengthening our position as one of the UAE’s leading digital banks.”
    This collaborative initiative aligns with ADX’s overarching strategy of leveraging digital solutions to broaden its investor base and augment market liquidity. .This underscores the prominent role of the Emirate of Abu Dhabi and the  ADX in attracting both local and international investments and capital.

  • Aqaba Development Corporation’s roadshow in Abu Dhabi

    Aqaba Development Corporation’s roadshow in Abu Dhabi

    ADC’s investor roadshow in Abu Dhabi highlights investment opportunities in several high-growth industries in Jordan’s Aqaba

     

    • ‘Aqaba – It’s Happening,’ held in the UAE capital, welcomed high-profile investors and entrepreneurs to explore high-growth investment opportunities in Aqaba.

    • The event highlighted Aqaba’s unique strengths, including its strategic location at the crossroads of two continents, access to world-class ports and airports, and exclusive benefits for global investors.

    • A thriving tourism and business hub, Aqaba offers unprecedented opportunities to invest in tourism and lifestyle, creative industries, logistics and transport, manufacturing, green growth industries, and vocational skills & education.

    • Aqaba Development Corporation signs agreement with Creatinc for the Aqaba Creative Escape, the first-of-its-kind comprehensive ecosystem for all creative needs featuring seven dedicated zones

    Abu Dhabi(News Desk):: An exclusive investor roadshow organized in Abu Dhabi by Aqaba Development Corporation, the central development arm of the Aqaba Special Economic Zone Authority , was an overwhelming success highlighting investment opportunities for UAE-based and international investors.

    The tremendous response from global investors expressing interest and intent to invest in Aqaba underlines the strong value proposition offered by the Aqaba Special Economic Zone. It includes exceptional benefits for them in a thriving tourism and business hub, underscored by easy access to world-class ports and airports.

    Held at Erth in Abu Dhabi on June 25, the “Aqaba – It’s Happening” roadshow showcased investment value propositions in Jordan’s picturesque coastal city of Aqaba, in developments such as the Al Matal High Lakes, a 2.5 million sq.m entertainment and recreational community overlooking the northern beach; and a Hotel & Retail Complex, envisaged as a vibrant hub featuring four-star accommodations, diverse shops, restaurants, entertainment options, and state-of-the-art office spaces.

    Investors also had the opportunity to explore options in the South Central District, which integrates residential spaces, retail establishments, premium hotels, restaurants, entertainment facilities, and a tech and gaming park. Another key opportunity is investing in the Aqaba International Exhibition Center, a premier venue for exhibitions, trade shows, and significant private events on a land area of over 170,000 square meters and a built-up area of 35,000 square meters.

    For investors looking beyond conventional businesses, the Aqaba International Racetrack is a promising destination. It is an FIA grade 3 certified track featuring a main racetrack, karting track, low-friction center, and car vaults.

    Several investors have expressed interest in the Agri-Tech Corridor, which features advanced indoor farming, food production units, fisheries, and intelligent agriculture. Many also expressed interest in the 140,000-square-meter Aqaba Filming & Media Hub, which has comprehensive production facilities, sound stages, a backlot, production office spaces, and vocational training centers.

    Addressing the participants, H.E Hussein Safadi, CEO of Aqaba Development Corporation, said: “Aqaba is the gateway from Jordan to the entire Middle East and North Africa region as well as to strategic European cities. Underlining the vision of His Majesty King Abdullah II for the country, Aqaba has evolved as a global tourism and business hub and continues to expand on the growth opportunities it offers. In addition to an array of benefits for investors, they can benefit from the strategic location, world-class infrastructure, effortless connectivity, and access to the digital-savvy young Jordanian talent pool, making it one of the most promising investment destinations of the future.”

    Najib Faris, CIO of Aqaba Development Corporation, added: “With several investors from the UAE, the wider GCC, and across the world already having a strong operational presence in Aqaba, we are now showcasing diversified investment choices, especially in the industries of the future. Aqaba’s strategic location makes it a cost-effective investment destination, enabling investors to expand their footprint in new markets.”

    Several experts at ADC and other investors highlighted the advantages and future growth opportunities offered by Aqaba. Among those who addressed the event was Abdulla Al Ansari, Director of Real Estate – International Office – AD Ports Group, who delivered a presentation on Marsa Zayed, a mega mixed-use waterfront project, including high-rise residential towers, retail, recreational, entertainment, business and financial districts, and several branded hotels.  Several marinas will add to the current berthing capacity, transforming Aqaba into a premier yachting destination and a state-of-the-art cruise ship terminal, becoming one of Jordan’s touristic landmarks and a welcoming gateway to Aqaba.

    Abdulrahman Alnuaimi, Key Accounts Manager at Maqta Gateway, Digital Cluster of AD Ports Group, provided a detailed overview of the Maqta Ayla, a JV between Maqta Gateway, the digital arm of AD Ports Group, and Aqaba Development Corporation. The joint venture company will revolutionise Aqaba’s port operations by implementing an advanced Ports Community System (PCS) that leverages Maqta Gateway’s expertise.

    Omar Nashashibi, Director of Revenue and Business Development at Al Ayla Oasis Development Authority, highlighted the investment opportunities at Ayla, a 4.3 million sqm inspirational waterfront destination committed to environmental sustainability by protecting the integrity of its marine and wildlife, recycling its water resources and harnessing solar energy for power. Ayla features world-class hotels, dream homes, and a thriving marina, all adding to residents’ lifestyle choices and creating value for investors.

    Eyad Abu Khorma, CEO Of Aqaba Digital Hub, provided an overview of the new project to position Aqaba as a digital hub. Jordan’s first and only IXP, Aqaba Digital Hub, is the country’s largest carrier-neutral 6MW data center and one of the largest in the MENA region. Adopting a neutral and open access policy, the Tier III data center offers an array of services, including an open-access submarine cable landing station, cloud services, long-haul telecommunications services, a carrier-neutral Internet exchange point, expanded fibre networks, and satellite services.At the event, Aqaba Development Corporation signed an agreement with Creatinc for the Aqaba Creative Escape. This creative hub will drive the growth of the digital, innovative, and esports industries. Shadi Alhasan, CEO of Aqaba Creative Escape, provided an overview of the project, which is the first comprehensive ecosystem for all creative needs featuring seven dedicated zones, including residential, co-working spaces, creative studios, restaurants, a hospitality academy, sports zone, and glamping, apart from an Agritech lab and game development studios.

    “From welcoming local and global creative talents looking for a creative residency destination to adventure travellers seeking glamping experiences in natural settings to corporate groups seeking team-building retreats and events in a natural environment, and more, the Aqaba Creative Escape is the go-to destination for investments, relaxation, creative pursuits, and innovative enterprises,” said Shadi Alhasan.

    Advantages of investing in Aqaba

    Investors have a wide range of benefits, such as no foreign equity restrictions, no foreign currency restriction with full repatriation of profits and capital, zero income tax on stored transit goods and re-export, zero custom duties, discounts on handling fees for transit goods, and handling costs for containers exported from ASEX, and customs duty exemptions on vehicles.Jordan also provides a focal point for access to global markets through a range of free trade agreements, including the Greater Arab Free Trade Agreement with 17 Arab nations, the Association Agreement with the European Union, agreements with the US, Singapore, and the European Free Trade Association, and a Preferential Trade Agreement with the UK. Jordan has also been a member of the World Trade Organization since 2000.

    Jordan is today the UAE’s third-largest Arab trading partner outside the GCC, the fifth-most important trading partner globally, and the second-largest Arab partner after Saudi Arabia. Jordan accounts for 8 percent of the UAE’s total non-oil foreign trade with Arab countries

  • Abu Dhabi Securities Exchange Welcomes the Listing of Alef Education on its Main Market

    Abu Dhabi Securities Exchange Welcomes the Listing of Alef Education on its Main Market

    Abu Dhabi Securities Exchange Welcomes the Listing of Alef Education on its Main Market

    ▪ First-ever education technology (EdTech) company to be listed in the UAE
    ▪ Total of AED 1.89 billion raised
    ▪ Oversubscribed 39 times
    Abu Dhabi(News Desk)::Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, welcomedthe successful listing of Alef Education Holding plc (“Alef Education”) today, MENA’s leading provider of  AI-powered learning solutions created and headquartered in the UAE. The listing marks the first-ever education technology company to be listed in the United Arab Emirates. The company began trading under the symbol AlefEdT and is listed in the TECHNOLOGY sector.
    Founded in 2016, Alef Education integrates AI technology, data analytics, and personalized learning,
    with its platforms being used in around 7,000 schools and serving more than 1.1 million students in the
    United Arab Emirates, the United States, Indonesia, and the Kingdom of Morocco. The company
    successfully raised AED 1.89 billion during the Shariah-compliant IPO. The 1.4 billion shares issued as
    part of the Offering represent 20% of the companys issued share capital and were offered by existing
    shareholders Tech Nova Investment – Sole Proprietorship L.L.C and Kryptonite Investments L.L.C. The
    strong investor interest, reflected in the retail tranche oversubscribed 39 times, is a testament to the
    market’s confidence in Alef Educations growth trajectory and its strategic expansion efforts.

    Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, shared, “We congratulate Alef Education’s board and management on the milestone listing of Alef Education, the first such EdTech company to go public in the UAE, and warmly welcome Alef to the ADX family. With a market capitalization of AED 9.45 billion, Alef Education is truly a “Made in the Emirates” pride and joy, and ADX is glad to support and enable Alef in achieving its capital-raising strategy. This landmark occasion is a testament to the strong and growing investor demand and interest for such a unique and vital business proposition. Alef Education is also an extension of the country’s commitment and strategic priorities towards education and building a tech-driven, sustainable knowledge-based economy.
    “Alef Education resonates deeply with ADX’s ongoing efforts to raise financial literacy, foster innovation
    and advocate knowledge inclusivity in the UAE and the wider Arab region.
    By harnessing technology and innovation and investing in our young generation and people, we are
    better future-proofing our economy and investing in our country’s continuous growth and prosperity.
    We are excited about how Alef Education is transforming the educational sector in the region and urge
    more investors to invest in their future”.
    Geoffrey Alphonso, Chief Executive Officer of Alef Education, said: “We are proud to have successfully
    completed our IPO and to embark on this exciting new chapter as a listed company on ADX.

    The substantial demand for Alef Education from a diverse group of investors highlights their confidence in
    our strong fundamentals and promising growth prospects, as well as the favorable market conditions in
    Abu Dhabi and the UAE. We warmly welcome our new shareholders and are committed to consistently
    delivering exceptional value to them.”
    In 2023, ADX ranked seventh globally for IPO proceeds, hosting six IPOs that raised close to $5.6 billion
    (AED 21 billion), with three listings among the top 20 largest IPOs globally for the year, adding more
    than AED 350 billion to ADX’s market capitalization, reinforcing strong investor interest in its diverse IPO
    portfolio.With a strong emphasis on technology and innovation, ADX continues to enhance its platform. Last year,ADX selected the ICE Global Network from Intercontinental Exchange to offer direct market access to global institutional investors. By leveraging the ICE Global Network, ADX aims to expand its global
    investor base by facilitating real-time access to market data and order entry.- Ends

  • Pakistani Expats should take advantage of state life insurance schemes(Pakistan Ambassador)

    Pakistani Expats should take advantage of state life insurance schemes(Pakistan Ambassador)

    Overseas Pakistanis should take advantage of state life insurance schemes(Pakistan Ambassador Faisal Niaz Tirmzi)

    we will conduct awareness campaigns in the labor camps         (CEO State Life Insurance)

    AbuDhabi(News Desk)To enhance financial protection for overseas Pakistanis, the State Life Insurance Corporation of Pakistan (SLIC) convened with the UAE Embassy of Pakistan and H.E  the Honorable Ambassador Faisal Niaz Tirmizi.
    Pakistan Ambassador  Faisal Niaz Tirmizi, highlighted the importance of being covered under the immigrant insurance policy and emphasized the need for these policies to be renewed with State Life, ensuring continuous coverage for their futures.
    Shoaib Javed Hussain, CEO of SLIC, stated, “Our focus is to engage with the Pakistani diaspora in UAE, especially our countrymen working as immigrant labor force here, to spread awareness and information of their benefits and protection under the immigrant insurance provided by SLIC. To achieve this, we will conduct awareness campaigns in the labor camps in Abu Dhabi to better understand their needs so we may serve them better. Together with the embassy, we look forward to serving Pakistanis across UAE.”

  • PBPCAbu Dhabi signed an MoU State Life Insurance

    PBPCAbu Dhabi signed an MoU State Life Insurance

    Memorandum of Understanding Signing Ceremony between Pakistan Business Professional Council Abu Dhabi and State Life Insurance Corporation of Pakistan

    AbuDhabi(News Desk)::The Pakistan Business Professional Council (PBPC) Abu Dhabi signed a Memorandum of Understanding  with its Corporate Member the State Life Insurance Corporation of Pakistan (SLIC) on June 7, 2024 at the Pakistan Embassy Abu Dhabi, UAE.

    The objective of the MoU is to establish a framework for collaboration between PBPC and SLIC Gulf Zone for the identification of opportunities to improve awareness about products and services and their benefits, offered by the SLIC Gulf Zone, to Pakistani community in particular.  Further to protect all Overseas Pakistanis living in the UAE and in the region.

    Shoaib Javed Hussain, CEO of SLIC, stated, “Our focus is to engage with the Pakistani diaspora in UAE, especially our countrymen working as immigrant labor force here, to spread awareness and information of their benefits and protection under the immigrant insurance provided by SLIC. To achieve this, we will conduct awareness campaigns in the labor camps in Abu Dhabi to better understand their needs so we may serve them better. Together with the Council, we look forward to serving Pakistanis across UAE.”

    Dr. Qaiser Anis, President of PBPC Abu Dhabi thanked the State Life Insurance for signing the MoU for offering a special rate for the members for all the SLIC products. The Council will continue promoting the SLIC products to community especially living in industrial areas in the region, this to protect them from all the risk and for the benefit to their families. Moreover, the Council will conduct a series of events with SLIC.

    Dr. Qaiser Anis thanked the Pakistan Ambassador, H.E. Faisal N. Tirmizi for all the contributions for taking care of all the community and promoting trade commerce and investment between UAE and Pakistan. And a special support to the Council.

     

     

     

  • Dubai Land Department partners with Danube Properties to Empower National Brokers

    Dubai Land Department partners with Danube Properties to Empower National Brokers

    As part of ‘Dubai Real Estate Brokers programme’

    Dubai Land Department partners with Danube Properties to Empower National Brokers

    Dubai(News Desk):: Danube Properties is working alongside the Dubai Land Department (DLD) for the latter’s groundbreaking initiative ‘Dubai Real Estate Brokers Programme’. This partnership aims to bolster the onboarding of new UAE national brokers into the vibrant real estate community and strengthen Emiratisation within the industry.

    His Excellency Eng. Marwan bin Ghalita, Acting Director General of Dubai Land Department stated: “Collaborating with Danube Properties means jointly empowering UAE talent in the real estate industry. By providing special benefits, we hope to attract more locals to brokerage, enhancing their contribution to the sector and supporting Dubai’s vision of a diversified and inclusive economy.”

    Rizwan Sajan, Founder and Chairman of Danube Group, said, “We are honored to collaborate with the Dubai Land Department on this vital initiative. Danube Properties has always been pro-brokers because they form the backbone of our success. The goal of this partnership is to provide UAE National brokers with exceptional opportunities and support, reinforcing our dedication towards Emiratisation. This is also a testament to our ongoing commitment to the development and growth of the real estate sector in Dubai.”

    Earlier this month, the Dubai Land Department qualified 166 young Emirati citizens through the Dubai Real Estate Brokers Programme. This programme is considered one of the most important initiatives under the Dubai Social Agenda 33, reflecting a strategic effort to prepare UAE youth for significant roles in the real estate sector. The Dubai Economic Agenda (D33) is an ambitious plan to propel Dubai into the top ranks of global economic cities. Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the D33 Agenda focuses on the launch of innovative projects that will drive sustainable economic growth through innovative approaches and double GDP by 2033, making Dubai the fastest, safest, and most connected city in the world.

    The partnership between Danube Properties and the Dubai Land Department highlights their shared vision for nurturing a thriving real estate market in Dubai. Their collaboration reflects a longstanding relationship and seeks to support Emirati jobseekers while offering unique benefits for property sales handled by local brokers.

    Adel Sajan, Managing Director, Danube Group elaborated the core offerings by Danube Properties towards the  UAE National Collaborative Program:

    1. Special commission: 6% commission for the sale of properties to Emirati buyers.
    2. Dh10,000 Danube Home vouchers to Emirati buyers to furnish their homes.
    3. Dh2,000 Danube Sports World vouchers to stay fit via the state of the art sports facility.
    4. Danube Properties Service Fee Waiver: Danube Properties will waive the Service Charges (SC) for units sold by UAE National Brokers for three years. This initiative will directly improve their earning potential and encourage them to actively promote our properties.
    5. Inventory Access and Support: We will offer UAE National Brokers unlimited access to our developer inventory, ensuring they have a comprehensive understanding of our available units.
    6. Dedicated Sales Manager: We will dedicate a team of experienced sales managers to provide the necessary support, training, and assistance to close deals.
    7. Open House Opportunities: UAE National Brokers will have the exclusive opportunity to conduct open houses at our Danube Properties Sales Center and mock-up apartments, allowing direct engagement with potential buyers.
    8. Streamlined CRM Process: The Danube Properties CRM team will prioritize inquiries and expedite the processing of all leads brought in by UAE National Brokers, ensuring a smooth and efficient sales experience

    Danube Properties remains firmly committed to aligning with Dubai Land Department initiatives and actively elevating local talent within the real estate sector. “We are confident that this collaborative program will be a significant step towards achieving our shared objectives”, said Rizwan Sajan.

    Danube Properties has been a key player in this thriving market, with a portfolio of 29 projects to date. Last month, Pearlz by Danube – a residential project in Al Furjan was handed over six months ahead of the scheduled time. Also, in line with the vision to support local businesses, Danube Group recently signed a contract with Dubai SMEs to support Emirati-owned small and medium-sized enterprises. This initiative highlighted Danube’s broader commitment to nurturing local talent and businesses, contributing to the sustainable economic development of Dubai.(-Ends-)

     

     

  • دبئی ایس ایم ای  اور ڈینیوب گروپ کے درمیان تعاون کے معاہدے پر دستخط

    دبئی ایس ایم ای اور ڈینیوب گروپ کے درمیان تعاون کے معاہدے پر دستخط

    دبئی ایس ایم ای(سمال میڈیم انٹرپرائز)اور ڈینیوب گروپ  نے اماراتی ملکیت والے ایس ایم ایز کے لیے مارکیٹ کےمواقع اور فروغ کی ترقی کے لیے تعاون کے معاہدے پر دستخط کیے

    دبئی(پریس ریلیز):: دبئی ایس ایم ای،اورمشرق وسطی کے معروف کاروباری گروپ ڈینیوب گروپ  نے (دبئی ڈیپارٹمنٹ آف اکانومی اینڈ ٹورازم  کا ذیلی ادارہ، چھوٹے اور درمیانے درجے کے کاروبار (ایس ایم ای)کے شعبے کو ترقی دینے کے لیے ذمہ دار ہے۔ خریداروں کی بنیاد کو متنوع بنانے اور اماراتی ملکیتی ایس ایم ایز کے لیے مارکیٹ کے مواقع کو بڑھانے کے لیے تعاون کے ایک معاہدے پر دستخط کیے ہیں۔ یہ اسٹریٹجک اتحاد بغیر کسی رکاوٹ کے عزت مآب شیخ محمد بن راشد المکتوم، نائب صدر اور متحدہ عرب امارات کے وزیر اعظم، اور دبئی کے حکمران کے وژن اور دبئی کی پوزیشن کو مزید مستحکم کرنے کے لیےکاروبار اور تفریح ​​کے لیے ایک معروف عالمی شہر  پرجوش دبئی اکنامک ایجنڈا، ڈی 33 کے اہداف کے ساتھ ہم آہنگ ہے۔ ۔
    دستخط کی تقریب دبئی میں ڈینیوب پراپرٹیز ہیڈ کوارٹر میں منعقد ہوئی جس میں ڈینیوب گروپ کے بانی اور چیئرمین رضوان ساجن اور  دبئی ایس ایم ای کے چیف ایگزیکٹو آفیسرجناب عبدالباسط محمد الجناہی نے شرکت کی۔
    چیف ایگزیکٹوآفیسر دبئی ایس ایم ای  جناب عبدالباسط محمد الجناہی نے تبصرہ کرتے ہوئے کہا “ڈینوب گروپ کے ساتھ یہ معاہدہ پبلک پرائیویٹ پارٹنرشپ کے منفرد ماڈل کا ثبوت ہے جو،ڈی 33ایجنڈے کی کامیابی کی وضاحت کرتا ہے، جو دبئی کو بہترین بنانے کے لیے بصیرت مند قیادت کے عزم کی بنیاد پر ہے۔ شہر کا دورہ کرنے، رہنے اور کام کرنے کے لیے۔ یہ ہمارے ایس ایم ای ممبران کے لیے مارکیٹ کے مواقع کو بڑھانے کی طرف ایک اہم قدم ہے، جو کہ قابل ذکر آمدنی میں اضافے اور روزگار کے مواقع پیدا کرنے کے لیے ان کو نجی شعبے کے خریداروں کے ساتھ جوڑ کر اور ٹینڈرنگ کے عمل کو ہموار کرنے کے لیے ہے۔ ایک ایسا ماحول بنانا جو مسابقت اور جدت کو فروغ دیتا ہے، ہم ڈینیوب جیسے ممتاز نجی شعبے کے گروپوں کی جانب سے مسلسل تعاون کی تعریف کرتے ہیں، کیونکہ ہم اسٹیک ہولڈرز اور شراکت داروں کے ساتھ اپنے جاری تعاون کو مزید مضبوط بنانے کے خواہاں ہیں۔اس اسٹریٹجک پارٹنرشپ کا مقصد مختلف صنعتوں سے نجی شعبے کے خریداروں کو راغب کرنا ہے، جو دبئی کے ایس ایم ای فہرست میں شامل اراکین اور سپلائرز کو ٹینڈر کے وسیع مواقع فراہم کرتا ہے۔ نجی شعبے کے خریداروں کو شامل کرکے، یہ پروگرام ترقی اور کاروبار کی توسیع کے لیے نئی راہیں کھولتا ہے، جس سے اماراتی ملکیتی ایس ایم ایز کے لیے مارکیٹ تک رسائی میں اضافہ ہوتا ہے اور دبئی میں اقتصادی ترقی کو فروغ ملتا ہے
    ڈینیوب گروپ کے بانی اور چیئرمین رضوان ساجن نے کہا، “ہمیں دبئی میں چھوٹے اور درمیانے اماراتی ملکیتی کاروباری اداروں کی ترقی اور ترقی میں تعاون کے لیے دبئی سمال میڈیم انٹرپرائیز کے ساتھ شراکت داری پر فخر ہے۔ دبئی مواقع(اپرچونیٹیز) کا مرکز ہے اور یہ معاہدہ ایک عہد نامہ ہے۔ کاروباری برادری کی حمایت اور پرورش اور دبئی کی اقتصادی ترقی میں تعاون کرنے کے لیے میں اس موقع پر عبدالباسط محمد الجناہی اور ان کی ٹیم کو مبارکباد دینا چاہتا ہوں
    اس معاہدے کا مقصد پروگرام میں شرکت کرنے والے خریداروں کی تعداد میں اضافہ کرنا ہے، جس سے اراکین کے سپلائرز کے درمیان صحت مند مقابلے کو فروغ دیا جائے گا۔ یہ مسابقتی ماحول جدت کو فروغ دے گا، معیار کو بہتر بنائے گا، اور کارکردگی کو فروغ دے گا، اس بات کو یقینی بنائے گا کہ دبئی کے ایس ایم ای فہرست میں شامل اراکین مارکیٹ کی ضروریات کو پورا کرنے کے لیے اعلیٰ درجے کی مصنوعات اور خدمات فراہم کر سکیں۔
    تعاون کے اہم مقاصد میں سے ایک نجی شعبے کے خریداروں کے لیے ٹینڈرنگ کے عمل کو ہموار کرنا  یہ پروگرام ٹینڈرز پوسٹ کرنے اور سپلائر کی تجاویز کا جائزہ لینے کے عمل کو آسان بنائے گا، جس سے نجی شعبے کے خریداروں کے لیے دبئی کے ایس ایم ای اراکین کے ساتھ مشغول ہونا آسان ہو جائے گا۔  ہموار لین دین اور شراکت داری کی سہولت فراہم کی جائے گی۔
    نیٹ ورکنگ کے مواقع کو آسان بنا کر، یہ پروگرام طویل مدتی کاروباری انجمنوں کی تشکیل کی حوصلہ افزائی کرتا ہے، باہمی ترقی اور کامیابی کو آگے بڑھاتا ہے۔ توقع کی جاتی ہے کہ ان شراکتوں سے دبئی میں وسیع تر کاروباری ماحولیاتی نظام کو فائدہ پہنچانے والے اختراعی حل اور پائیدار کاروباری طریقوں کا باعث بنے گی۔اس طرح کے اقدامات کے ذریعے اماراتی ملکیت والے ایس ایم ایز کی حمایت کرتے ہوئے، ڈینیوب گروپ ایک فروغ پزیر کاروباری ماحول پیدا کرنے میں مدد کر رہا ہے جو ترقی، جدت اور پائیداری کو فروغ دیتا ہے۔
  • Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities

    Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities

    Dubai SME and Danube Group Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

    Dubai(Press Release)Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), mandated to develop the small and medium enterprise (SME) sector, and Danube Group, a leading conglomerate in the Middle East, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned SMEs. This strategic alliance seamlessly aligns with the vision of His Highness, Sheikh Mohamed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and the goals of the ambitious Dubai Economic Agenda, D33 to further consolidate Dubai’s position as a leading global city for business and leisure.

    The signing ceremony took place at Danube Properties Headquarters in Dubai, with Rizwan Sajan, Founder and Chairman of Danube Group, and H.E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME, in attendance.

    H.E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME, commented: “This agreement with Danube Group is a testament to the unique model of public-private partnerships that define the success of the D33 Agenda, underpinned by the visionary leadership’s commitment to make Dubai the best city to visit, live and work in. It is a significant step towards expanding market opportunities for our SME members, paving the way for notable revenue growth and job creation. By connecting them with private sector buyers and streamlining the tendering process, we are also creating an environment that fosters competition and innovation. We deeply appreciate the continued support from prominent private sector groups like Danube, as we look to further strengthen our ongoing collaboration with stakeholders and partners.”

    Rizwan Sajan, Founder and Chairman of Danube Group, stated, “We are proud to partner with Dubai SME to support the growth and development of small and medium Emirati-owned enterprises in Dubai. Dubai is a hub of opportunities and this agreement is a testament to our ongoing commitment to support and nurture the business community and contribute to the economic growth of Dubai. I would like to take this opportunity to congratulate and thank H.E. Abdelbaset Mohammed Al Janahi and their team.”

    Expanding Market Opportunities

    This strategic partnership aims to attract private sector buyers from various industries, offering Dubai SME-listed members and suppliers a broader range of tender opportunities. By including private sector buyers, the program opens new avenues for growth and business expansion, enhancing the market reach for Emirati-owned SMEs and fostering economic development in Dubai.

    Enhancing Competition

    The agreement seeks to increase the number of buyers participating in the program, fostering healthy competition among the Members’ suppliers. This competitive environment will drive innovation, improve quality, and promote efficiency, ensuring that Dubai SME-listed members can deliver top-notch products and services to meet market demands.

    Streamlining the Tendering Process

    One of the key objectives of the collaboration is to streamline the tendering process for private-sector buyers. The program will simplify the process of posting tenders and evaluating supplier proposals, making it easier for private sector buyers to engage with Dubai SME members. Additionally, it will help SME members understand and comply with the unique requirements and standards of private sector buyers, facilitating smoother transactions and partnerships.

    Fostering Partnerships and Collaborations

    The partnership will also focus on fostering collaborations between Dubai SME members and private sector buyers. By facilitating networking opportunities, the program encourages the formation of long-term business associations, driving mutual growth and success. These partnerships are expected to lead to innovative solutions and sustainable business practices, benefiting the broader business ecosystem in Dubai.By supporting Emirati-owned SMEs through initiatives like this, Danube Group is helping to create a thriving business environment that fosters growth, innovation, and sustainability.(END)

     

     

     

     

     

     

  • Dubai Stockbrokers and Investment Services Group emerges

    Dubai Stockbrokers and Investment Services Group emerges

    Dubai Stockbrokers and Investment Services Group emerges under Dubai Chamber of Commerce’s’ Business Groups

    The official launch of the Dubai Stockbrokers and Investment Services Group (DSIG)comes as the market capitalisation of Arab stock exchanges exceeded US$4.36 trillion at the end of April 2024, according to the Arab Monetary Fund. DSIG is one of the 105 Business Groups that operate under the umbrella of Dubai Chamber of Commerce to help drive greater economic opportunities within the UAE and beyond

    Dubai(News Desk)::Dubai Chamber of Commerce’s stockbrokers and investment services community officially launched Dubai Stockbrokers and Investment Services Group on May 23, 2024. The launch follows the announcement of the group last year – as part of Dubai Chamber of Commerce’s drive to represent the
    interests of the emirate’s private sector and ensure companies operating across diverse industries can
    play a greater role in Dubai’s economic growth.
    The Dubai Stockbrokers and Investment Services Group (DSIG) is one of the 105 Business Groups and more than 50 Business Councils that operate under the umbrella of Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers. Sector-specific Business Groups and country-specific Business Councils advance the interests of Dubai’s dynamic business community, empowering companies to explore greater economic opportunities in the UAE and beyond – and play a greater role in the global economy.
    Sameera Fernandes, Chief Sustainability Officer and Board Member of Century Financial, has been
    elected Chairwoman of DSIG while Mostofa Elchiati, Kinly Nassour, Ahmed Al Salami, and Damodhar Mata have been elected DSIG’s Vice-Chairman, Secretary-General, Treasurer, and Director of Membership & Marketing, respectively. The launch of the DSIG, which was attended by Maha Al Gergawi, Vice-President of Business Advocacy at Dubai Chambers and Omar Khan, Head of the Centre for Business Studies and Research at Dubai Chambers, supports the Chamber’s vision to accelerate the economic growth in the emirate by enhancing the role of Business Groups and Business Councils.
    Stockbrokers, investment advisors, fund managers, wealth managers and private equity managers play a
    significant role in the growth of the stock market and the overall economy. Data from the Abu Dhabi and
    Dubai markets shows that institutional investors had purchased Dh302.7 billion worth of stocks from
    January to December 2023, compared to total sales of approximately Dh295.8 billion.
    The launch of the DSIG comes when the market cap of Arab stock exchanges exceeded US$4.36 trillion
    at the end of April 2024, according to the Arab Monetary Fund (AMF). The launch saw the presence of
    industry leaders who felicitated DSIG’s vision of shaping a prosperous financial future through cutting-
    edge technologies, ethical practices, and global collaboration.

    DUBAI STOCKBROKERS AND INVESTMENT SERVICES GROUP

    Essa Abdulla Al Ghurair, Chairman, Essa Al Ghurair Investment LLC, lauded the initiation of the group, expressing his expectations of DSIG’s catalytic role in realising the Dubai Economic Agenda (D33) announced by the Dubai Government, saying, “I commend the Dubai Stockbrokers and Investment
    Services Group’s vision to sustainably impel Dubai’s growth. Dubai’s meteoric rise is attributed to two key
    values, trust and transparency. By adopting these values, DSIG will be pivotal in doubling the city’s GDP
    by 2033 under the D33 agenda.”
    The UAE has emerged as a key driver of the financial upswing in Arab stock markets, contributing
    significantly to the collective gains. The UAE added an impressive US$117.5 billion to its market value,
    reaching a substantial US$990.6 billion by the end of 2023. Both the Abu Dhabi Securities Exchange
    (ADX) and the Dubai Financial Market (DFM) played pivotal roles. ADX contributed US$88.8 billion,
    soaring to US$803.4 billion. Meanwhile, DFM witnessed a US$28.7 billion increase, elevating its total
    market value to US$187.2 billion.
    DSIG acts as a platform for secured investment. Coupled with innovation and sustainability, the Business
    Group will not only implement ideas, but also empower people through its educational programmes.
    Poised to become the leading business group in the Middle East, DSIG is committed to facilitate more
    cross-border investments and market expansion.
    Sameera Fernandes, Chairwoman of DSIG, said, “DSIG has been founded to come up with innovative
    and sustainable solutions that will bolster Dubai’s growth as a secure global financial capital. Our
    expansive mission to promote sustainable investment, foster innovation in financial services, and
    empower a robust investment community, as well as staunchly commit to ethical standards and integrity
    is strongly driven by our initiatives that promote financial literacy. These initiatives include mentorship
    programmes, technology and innovation hub, and support for international expansion among others.”
    As part of its efforts to continuously engage with the global investment community, DSIG also revealed
    plans to hold an annual investment summit, where members can network, address prevalent challenges,
    and brainstorm solutions.

    The 29 brokerage firms operating in the Dubai Financial Market executed over 3.83 million transactions in 2023, a 32.7 percent increase compared to 2022’s 2.88 million. Foreign and regional institutional investors have led a significant surge in net stock purchases, amounting to Dh7 billion ($1.91 billion) year-to-date in the Abu Dhabi and Dubai markets.
    The event also explored the future of investments, highlighting sustainable investment as an inevitable
    trend in the financial realm. Habiba Al Mar’ashi, Co-founder and Chairperson of Emirates Environmental Group, said, “After delving deep into sustainable investments in 2019, I have discovered many gaps that must be bridged to promote sustainable investment. Pioneers in the field should realise the lack of awareness among institutions and improve their financial literacy.
    “This can be achieved through fruitful collaboration among government entities, the private sector, and
    educational institutions. In fact, the private sector should potentially lead sustainable development,

     

  • Luxury in the making: 7 of Abu Dhabi’s most anticipated luxury developments

    Luxury in the making: 7 of Abu Dhabi’s most anticipated luxury developments

    Luxury in the making: 7 of Abu Dhabi’s most anticipated luxury developments

    AbuDhabi(Press Release):Abu Dhabi, a city synonymous with luxury and architectural innovation, continues to elevate its landscape with some of the most opulent real estate projects in the world. According to Bayut, sales prices for luxury apartments and villas in Abu Dhabis premier neighbourhoods have increased by as much as 13% in 2023.
    To showcase this, Whitewill, the international luxury real estate agency serving developers and partners
    across the UK, USA, and UAE markets, highlights seven upcoming residential projects to watch out for in
    Abu Dhabi. From the serene shores of Saadiyat Island to the vibrant heart of Yas Island, the upcoming
    luxury projects in the capital city promise unparalleled elegance and exclusive lifestyles.

                                                                              SHA Residences, Al Jurf      Set to hand over in 2026, SHA Residences brings a unique blend of luxury and wellness to the tranquil
    surroundings of Al Jurf. With prices starting from AED 4,600,000 for apartments and soaring to AED
    29,900,000 for villas, this development offers a variety of living options from cosy apartments to
    expansive three-level villas. Each residence combines elegance with environmental consciousness,
    utilizing materials like marble, stone, and local woods. The villas boast private swimming pools and
    landscaped gardens, ideal for those seeking a serene escape. Beach Villa residences offer direct bay
    access, perfect for ocean lovers.
                                                                         Reem Hills, Al Reem Island

    Reem Hills presents a gated community with a handover scheduled for Q2 2027, focusing on comfort
    and seclusion. It features a two-phase development of apartments and villas across six buildings unified
    by a shared podium and a design philosophy that layers living spaces with verdant touches. Residents
    can choose from a variety of homes, including 1, 2, and 3-bedroom apartments, as well as larger 5 to 7-
    bedroom villas and 3-bedroom townhouses. The complex provides extensive amenities: a rooftop pool,
    lush gardens, indoor retail spaces, and sports facilities, including a tennis court and a state-of-the-art
    gym, complemented by a sauna and steam room for post-exercise relaxation.
    Mayyas at the Bay, Yas Island

    Slated for handover in Q4 2026, Mayyas at the Bay is a striking apartment complex with units starting
    from AED 846,000. This 270-lot development spans eight stories, showcasing a minimalist architectural
    style with a multi-level façade that subtly mimics the silhouette of a ship. Residents have a range of
    living options, from cosy studios to spacious one to three-bedroom apartments and larger two or three-
    bedroom townhouses, all finished with the best materials in the market. The complex is equipped with a
    temperature-controlled swimming pool, a modern playground for children, and a well-appointed gym,
    offering a comprehensive lifestyle without ever needing to leave the comfort of home.
                                                                                     Ramhan Island

    Scheduled for handover in Q4 2026, Ramhan Island is a breathtaking natural island development off the
    coast of Abu Dhabi, with prices starting at AED 12,800,000. This ambitious project features a global
    consortium of builders from the USA, Belgium, Canada, and the UK. The development is segmented into
    four luxurious sub-communities: Marine Island Villas, Breeze Island Villas, Cove Island Villas, and Views
    Island Villas. With 120 hotel rooms, 120 serviced residences, 900 apartments, and 1,800 private villas,
    Ramhan Island offers a variety of living spaces, including exclusive villas with three to seven bedrooms in
    eight distinctive styles. Each villa features a modern design with private terraces, swimming pools, and
    panoramic views of lush greenery and the surrounding bay. Amenities include a world-class marina,
    yacht club, luxury boutiques, and direct access to private beaches, catering to a life of unparalleled
    luxury and convenience.
                                                                   Ohana by the Sea, Ghadeer Al Tayr

    Anticipated for a Q2 2025 handover, Ohana by the Sea is an exclusive community comprised of luxury
    two-storey villas between Abu Dhabi and Dubai, with prices starting at AED 7,200,000. This bespoke
    development allows buyers to customize their villas, ranging from 4 to 9 bedrooms, to suit their
    individual styles and needs. Each villa features luxurious amenities such as private swimming pools,
    jacuzzis, gardens and direct beach access, ensuring a premium living experience.
                                                                            Gardenia Bay, Yas Island

    Gardenia Bay, expected to be completed by Q2 2027, offers a refreshing approach to urban living with
    its low-rise buildings priced from AED 910,000. Situated on Yas Island, the development mirrors the
    curves of the coastline with sand-coloured facades that harmonize with the natural environment.
    Residents can choose from studios to three-bedroom apartments, enjoying amenities like a co-working
    area, spa, gym, tennis courts and a cinema within a breathtaking landscape park.
                                                                          The Source, Saadiyat Island

    The Source, scheduled for handover in Q4 2026, is an upscale 9-storey residential complex with two
    buildings that together offer 200 apartments at prices starting from AED 2,600,000. Residents can enjoy
    spectacular views of the Zayed National Museum and the dancing fountains area, enhancing the
    aesthetic appeal of their living space. Apartments are available in 1, 2, or 3 bedrooms, finished in either
    light or dark themes using environmentally friendly materials and adorned with artistic elements. The
    Source is designed to cater to those who value privacy and a focused lifestyle; it offers a rooftop garden
    with yoga and meditation areas, an infinity pool on the podium floor for relaxation, and a fully equipped
    gym and fitness centre for health enthusiasts. Families will appreciate the children's play club, providing a safe and fun environment for kids.
    These developments in Abu Dhabi promise opulent living spaces while offering a comfortable lifestyle
    that blends nature, culture, and modern amenities. Each project is a testament to Abu Dhabi’s commitment to providing world-class living experiences, making it an ideal destination for those seeking
    the pinnacle of luxury.