Urdu Weekly | Urdu News |Online Weekly Urdu Newspaper

Category: Commerce

  • Strategic investment of Alpha MBM Investments LLC in Astra Enterprise

    Strategic investment of Alpha MBM Investments LLC in Astra Enterprise

    Strategic investment of Alpha MBM Investments LLC in Astra Enterprise

    Abu Dhabi(Press Release)::Alpha MBM Investments LLC, the esteemed private investment company of Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, proudly announces its strategic investment in Astra Enterprise. This collaboration brings together innovative minds to revolutionize the compliance landscape across various sectors, leveraging Astra Enterprise’ globally patented technology.

    Astra Enterprise leads the charge on financial compliance by integrating regulatory standards from over 150 countries and more than 300 sanctions and watchlists into its platform. The Astra Enterprise Compliance Platform offers end-to-end identity verification and KYC solutions, establishing, maintaining, and reasserting trust at every stage, from account opening to ongoing monitoring. Astra Enterprise automates identity verification, enabling businesses to onboard more customers while enjoying the industry’s highest accuracy rates. The company already collaborates with some of the largest corporations and governments, providing a wide range of services, including, but not limited to:

    • CBDC and Digital Treasury services       • Payment Wallet      • Identity Management
    • KYC Compliant Citizen Onboarding       • Infrastructure Solutions

    Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, a key investor, shareholder, and board member, shares his excitement about the partnership: “Astra Enterprise is making significant strides in compliance and finance, resulting in a safer economy. The company is devoted to helping governments and the private sector within the UAE and beyond achieve compliance excellence while maintaining the highest standards of security and data privacy. Astra Enterprise is well-positioned to contribute significantly to the UAE’s ecosystem and global expansion.”The company success is driven not only by its cutting-edge technology but also by the extraordinary team behind it. The talented group of industry experts brings a wealth of experience, expertise, and passion to their work.

    Alpha MBM Investments LLC’s proven ability to identify high-growth investment opportunities aligns with Astra Enterprise trailblazing approach to compliance. This collaboration demonstrates Alpha MBM’s commitment to investing in transformative technologies that create long-term value for stakeholders.
    Arthur Ali, Co-founder of Astra Enterprise, expresses his eagerness to deepen the relationship with Sheikh Mohammed bin Maktoum bin Juma Al Maktoum and Alpha MBM Investments LLC: “We are thrilled to partner with Alpha MBM and benefit from their expertise and support as we continue to build Astra Enterprise. Their investment is a validation of our vision to make regulatory compliance more secure and efficient. We are excited to strengthen our relationship with
    Sheikh Mohammed bin Maktoum bin Juma Al Maktoum and look forward to working together to achieve our goals.”This investment underscores Alpha MBM Investments LLC’s dedication to expand its portfolio of transformative technologies and emerging markets, further solidifying its commitment to investing in high- growth opportunities that generate long-term value for its stakeholders.(END)

  • “Q Holding” and “Trojan General Contracting” forge a partnership to build 1742 villas for Emiratis in Abu Dhabi

    “Q Holding” and “Trojan General Contracting” forge a partnership to build 1742 villas for Emiratis in Abu Dhabi

    “Q Holding” and “Trojan General Contracting” forge a partnership to build 1742 villas

    for Emiratis in Abu Dhabi

    Abu Dhabi(Press Release):: Q Holding Group signed two important agreements with Trojan General Contracting, one of the leading local contracting and development companies, to design and build 1742 villas for Emiratis in Al Samha and West Baniyas region of Abu Dhabi for Q Holding. The two agreements follow the partnership between Q Holding and Abu Dhabi Housing Authority to develop the two regions in line with Abu Dhabi’s Vision 2030 to build sustainable cities and provide an advanced housing environment for citizens of the country.

    Mr. Majed Odeh, Group CEO at Q Holding; said: “Our agreement with Trojan to develop these two new projects came after a thorough study of the company’s track record in building to the highest standards. Both agreements have reaffirmed our commitment to provide added value to Abu Dhabi’s economy and to our society at large. We are confident that the accumulated experience of our partners will ensure that the projects are completed in accordance with the highest agreed standards, within the set time and budget. ”

    Commenting on this partnership, Eng. Mohammed Mahmoud, CEO at Trojan; said: “Being chosen by Q Holding to implement these two giant projects places a great responsibility on us to meet the high standards that Q adopts and emphasizes. We will certainly use our full accumulated expertise to provide a sustainable housing environment and services that meet those standards, in line with our wise leadership’s vision for Abu Dhabi’s future”The scope of work in both conventions include the design, construction and infrastructure development for final delivery of the projects.

    Ben Hudson, CEO at Q properties, the development arm of Q Holding; commented on the agreement: “Our goal is to contribute to making Abu Dhabi one of the greatest cities for living in the world.  We want to ensure that the residents of Abu Dhabi have access to best-in-class practices in community living while contributing to a more environmentally sustainable world. With the help of Trojan, we are confident that our joint efforts will bring this vision to life and we will deliver these projects at the highest quality.”The strategic West Baniyas project is scheduled to be implemented over the next four years. The project will cover a large area of approximately 6 million square meters and the construction of 1500 villas, with various necessary infrastructure works including roads, social, educational and service facilities, parks and green spaces.The new Al Samha project will be implemented over thirty-eight months, covering an area of more than half a million square meters. It involves the construction of 242 villas, as well as several necessary infrastructure works accompanying the project to provide environmental sustainability and comfort to its residents.

  • EROS Group Announces Its Exclusive Partnership With Dreame

    EROS Group Announces Its Exclusive Partnership With Dreame

    UAE’s Leading Electronic Retailer- EROS Group Announces Its Exclusive Partnership With Dreame

    Dubai(Press Release):: A leading distributor and retailer in the UAE Eros Group, today announced its partnership with Dreame, a smart consumer technology company that specializes in innovative vacuum cleaners that promises to revolutionize the way people clean their homes.

    This partnership will enable Eros Group to sell and distribute Dreame’s innovative product line exclusively in the UAE. Dreame’s high-performance cleaning appliances such as cordless, robot and Wet & dry vacuum cleaners – leverages astrodynamics technologies to navigate and clean any home with unmatched precision and efficiency. The device uses state-of-the-art sensors to detect and avoid obstacles, ensuring a thorough and seamless cleaning experience. Its products are engineered using powerful technology, airtight structure, and streamlined architecture to create a powerful suction that can easily remove dust accumulated in crevices and can be used on a variety of surfaces such as hardwood floors, thick carpets, and beds.In addition to its advanced cleaning capabilities, all its vacuum cleaners are designed to be highly durable and long-lasting, with a robust construction that can withstand the rigors of everyday use. It is also energy-efficient that consumes minimal energy while delivering maximum cleaning power.

    Mohammad Badri, Director, EROS Group said, “Eros Group has always been committed to providing customers with the latest and most innovative products in the market. We are proud to partner with a company like Dreame that meets the needs of modern households, with its advanced technology and user-friendly vacuum cleaners. We are excited to introduce their highly advanced product line to our customers in the UAE.”

    Kevin Wang, General Manager, Dreametech said, ” Dreame Technology (“Dreame”), a fast-growing company leading in smart home-cleaning technologies. We believe that our products are game-changer for anyone seeking a more convenient and efficient clean. Its advanced automation features and powerful cleaning capabilities make it the perfect companion for busy households, and we are confident that it will transform the way people approach cleaning. We can’t wait to see the impact advanced robot vacuum and mop has on the lives of our users, and we are proud to offer such an amazing product at an accessible price point. We are excited to introduce their highly advanced product line to our customers in the UAE.”

    Dreame’s vacuum cleaner is now available for purchase at EROS’ retail stores across the UAE as well as online.

     

  • KLICKL’s Commitment to Regulated Custody Business: A Journey of Collaboration, Innovation, Security, & Market Expertise

    KLICKL’s Commitment to Regulated Custody Business: A Journey of Collaboration, Innovation, Security, & Market Expertise

    KLICKL’s Commitment to Regulated Custody Business: A Journey of Collaboration, Innovation, Security, and Market Expertise

    Dubai(Press Release)::As the world of cryptocurrencies continues to evolve, so does the need for secure and regulated solutions. KLICKL, a pioneering virtual asset exchange, has witnessed the market’s turbulence and recognizes the importance of providing a safe environment for investors to navigate the digital asset space. With a firm commitment to pursue a regulated custody business, KLICKL aims to revolutionize the crypto industry by focusing on technical excellence, operational know-how, industry-focused experience, and fostering a collaborative ecosystem with regulators and market participants in the Middle East and North Africa (MENA) region.
    Since its inception as an early-stage virtual asset exchange, KLICKL has experienced first hand the challenges and risks associated with the rapidly evolving crypto market. Security breaches, process risks, and regulatory uncertainties have led to a growing demand for a safer and more reliable approach to digital assets. Recognizing these concerns, KLICKL has pivoted its strategy towards establishing a regulated custody business, enabling a new generation of investors to enter the crypto world with confidence.
    Central to KLICKL’s commitment to providing a secure and compliant custody solution is its dedication to embracing regulatory cooperation. KLICKL actively engages with regulators, seeking to understand and comply with the latest regulatory requirements in the crypto space. This collaborative approach ensures that KLICKL’s platform remains at the forefront of industry standards, paving the way for a more transparent and accountable crypto ecosystem.
    Michael Zhao, CEO of KLICKL, emphasizes the importance of working hand-in-hand with regulators and market participants: “Our vision is to create an environment where everyone can thrive together. By fostering collaboration with regulators and other industry players, we can contribute to the growth and stability of the entire crypto ecosystem, ultimately benefiting all market participants.”
    In addition to its commitment to regulatory collaboration, KLICKL has built a strong foundation in technology excellence. By developing proprietary virtual asset custody solutions, KLICKL has created a robust and secure infrastructure that sets it apart from competitors. The platform’s advanced security measures, including multi-signature wallets, end-to-end encryption, and cold storage solutions, ensure that clients’ digital assets are protected from emerging threats.
    Moreover, KLICKL’s team of experts brings a wealth of operational knowledge and industry-focused experience to the table. By combining their deep understanding of regional market dynamics in the MENA region with a strong grasp of global trends, KLICKL is well-equipped to navigate the complex and rapidly changing crypto landscape. Steven Fang, CTO of KLICKL, highlights the team’s regional expertise: “Our in-depth knowledge of the MENA market, coupled with our global insights, allows us to provide tailored solutions that set us apart in the industry.”As the crypto market continues to grow and mature, KLICKL’s commitment to a regulated custody business demonstrates its unwavering dedication to providing a secure, compliant, and innovative platform for its clients. By leveraging cutting-edge technology, operational expertise, and a deep understanding of the MENA region, as well as fostering collaboration with regulators and market participants,KLICKL is poised to lead the charge in the digital asset space, paving the way for a safer, more prosperous, and interconnected future in the world of cryptocurrencies.

  • Bloom Holding Launches ‘Casares’ –The Third Phase of Bloom Living

    Bloom Holding Launches ‘Casares’ –The Third Phase of Bloom Living

    Bloom Holding Launches ‘Casares’ –The Third Phase of Bloom Living.

    Abu Dhabi :Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the launch of ‘Casares’, the third phase of its fully integrated and all-inclusive community in Abu Dhabi, Bloom Living.The launch of Casares follows the remarkable success of the first phase, Cordoba, and the second phase, Toledo, which are on track to be delivered in Q4 2024 and Q2 2025 respectively.
    Sales will commence for townhouses within the third phase “Casares”, which is named after a village of historical and artistic importance in the community of Andalusia in Spain. Units range from two-and three-bedroom townhouses with sizes starting from 120 sqm to 171 sqm. Prices start from AED 1.6 million, with attractive payment plans available. The 3rd phase of Bloom Living is scheduled to be completed in Q1 2026.

    Chief Executive Officer  Bloom Holding, Carlos Wakim said “We are confident that Bloom Living will become a highly sought-after lifestyle destination due to its extremely attractive living options, functional layouts, and impressive community offering. The remarkable success of the previous phases is testament to the strength of interest in Bloom Living and we are sure that the launch of Casares will be equally successful.
    “We are deeply committed to developing homes to the highest standards of quality, with the finest finishings that are synonymous with the Bloom brand. With Bloom Living’s prime location and extensive amenities, we anticipate very strong demand from investors and homeowners alike following the launch of Casares. Additionally, we have a range of residential products in the pipeline that we plan to launch this year in line with our commitment to meeting the evolving needs of this fast-growing market.” He added.
    Casares features a Community Center surrounded by lush greenery and stunning landscaping. Those living within Casares can benefit from a wide range of facilities available at Bloom Living, just within a short walking distance Residents can explore the beauty of nature at Bloom Living’s multiple uninterruptedly interconnected parks, and they can also enjoy their time at the community’s main Clubhouse which provides easy access to pools, sports and recreational facilities, as well as a wellness center. Additionally, at the heart of Bloom Living lies a Town Center that offers an array of retail and F&B options.
    The focal point at Bloom Living will be a large lake around which residents can walk, run, and cycle in designated trails. For gatherings and leisure activities, the community features multi-purpose amphitheaters and Sunset and Sunrise Plazas with spectacular views. And to further promote an active and healthy lifestyle, the residents can reach a mosque and two outstanding international schools by foot or bicycle.
    Inspired by the Mediterranean Spanish architecture and built over an area of 2.2 million sqm, the iconic gated community, Bloom Living, will feature more than 4,500 homes including a selection of villas, townhouses, and apartments. The aspirational community has been designated as an investment zone, bringing together residents of all ages, cultures, and ethnicities, to deliver a superior living experience that promotes genuine human connection.

  • Mensha Ventures signs an MoU with its strategic partners from China

    Mensha Ventures signs an MoU with its strategic partners from China

    Mensha Ventures signs a Memorandum of Understanding (MoU) with its strategic partners from China

    and global Investment Banks to bolster the UAE’s sustainable capabilities and infrastructure.

    Abu Dhabi(News Desk)::Mensha Ventures, a prominent regulated venture capital firm in DIFC at the forefront of sustainable energy investments, specializing in groundbreaking projects within the realms of EV infrastructure, green technology, and renewable energy. With an unwavering commitment to advancing the global transition towards clean energy, has signed a Memorandum of Understanding (MoU) with strategic partners from China. During the Annual Investment Meeting held in Abu Dhabi, a memorandum of understanding (MoU) was signed among the Asia Development & Investment Bank, Hoover Investment Group, and Shenzhen Sinomaster Investment Group (SMT). This partnership has committed to a collaborative investment of $1 billion in green energy and infrastructure projects in the UAE. The signing was witnessed by several high-ranking officials, including Annual Investors Meeting President Dawood Al Shezawi and His Excellency Thani Al Zeyoudi, the Current Minister of State for Foreign Trade of the UAE.
    The primary goal of this collaboration is to bolster the UAE’s sustainable capabilities and capacity by developing green energy infrastructure projects. Mensha Ventures and its strategic partners aim to contribute to the UAE’s renewable energy targets while actively reducing its carbon footprint. By leveraging their collective expertise, the partnership seeks to create a lasting impact on the environment and society.
    This partnership opens new avenues for sustainable investment opportunities and collaboration in the region while driving economic growth in line with the UAE’s vision for a sustainable future. The collaboration between Mensha Ventures and its strategic partners from China marks a significant milestone in the UAE’s journey toward achieving greater sustainability.

    In addition to this groundbreaking partnership, Mensha Ventures Chairwoman, Dr. Tan, and the Asian Development & Investment Bank (ADIB) represented by Mr. Sun, have signed an MoU to launch the Green Tech Fund. The fund’s primary focus will be in the GCC region, aiming to build portfolio companies with global expertise and best-in-class industry knowledge in Green Technology. With the support of Chinese leading innovation and specialized manufacturing, the Green Tech Fund will drive cutting-edge sustainable solutions into the local ecosystem.
    The Green Tech Fund will specialize in New Energy sectors, including EV infrastructure, engineering, storage, and transportation. Emphasizing the transition to clean energy through electrical and green hydrogen means, the fund will actively contribute to the movement toward a sustainable future. Mensha Ventures and its strategic partners will act as advocates and ambassadors for this global transition, particularly within the GCC region. The Fund provides early-stage funding for scalable, high-growth-potential companies to enhance their prospects and accelerate returns for investors in line with its globally diversified investment vision. The Fund will also provide funding for high-growth-potential companies that are in accordance with the UAE 2030 vision primarily the Abu Dhabi Vision 2030 and the Dubai Industrial Strategy 2030.

    The GCC region has witnessed significant progress in adopting sustainable solutions, with countries actively working to reduce their carbon footprint and achieve renewable energy targets. The Green Tech Fund will play a vital role in this transition by investing in innovative green technology projects and driving sustainable solutions throughout the region’s ecosystem. The launch of the Green Tech Fund represents a significant milestone in the region’s sustainability efforts. One of the main focuses of the Green Tech fund is to help build and enhance infrastructure, for example, creating accessible electric vehicle charging stations for consumers that will help facilitate the gradual shift to a more sustainable and eco-friendlier world.
    By harnessing the collective expertise of Mensha Ventures and the Asian Development & Investment Bank, the Green Tech Fund aims to make a lasting impact on the environment and society, furthering the vision of a sustainable future.

     

  •  Pioneering the Path for Asian Entrepreneurs in the Middle East and Africa(Mr. Michael Zhao)

     Pioneering the Path for Asian Entrepreneurs in the Middle East and Africa(Mr. Michael Zhao)

     Pioneering the Path for Asian Entrepreneurs in the Middle East and Africa(Mr. Michael Zhao)

    Dubai(Press Release)::An inspiring tale of unwavering passion and determination, Mr. Michael Zhao’s story is a testament to the power of hard work, innovation, and a global mindset. With a rich Asian heritage, a childhood spent in the United States, and extensive international travel, Mr. Zhao is a true global citizen who has turned his attention to the Middle East and Africa (MEA) region. Through the creation of two ground-breaking businesses, he is setting a shining example for aspiring Asian entrepreneurs who seek to make their mark in these rapidly growing markets.
    “The secret to success lies in the relentless pursuit of excellence, the courage to break new ground, and the ability to adapt to an ever-changing environment,” Mr. Zhao says. “As entrepreneurs with diverse backgrounds, we have the unique advantage of cultural diversity, which allows us to connect with people from different backgrounds and create opportunities for mutual growth.”
    Mr. Zhao’s journey began with an impressive academic background, earning a Master’s degree in Electronic Engineering and Finance from the University of Florida and an EMBA from Shanghai Jiao Tong University and many other executive CEO programs. His career in banking and investment spans nearly two decades, including senior positions at UBS Investment Bank, China Merchants Bank, and Banca Intesa Sanpaolo. Furthermore, Mr. Zhao has also served as a central bank official at the People’s Bank of China (PBOC) and as a trading director and portfolio manager at the world’s largest sovereign fund, China’s State Administration of Foreign Exchange, with assets exceeding $3 trillion.
    In addition to his financial industry ventures, Mr. Zhao has also been at the forefront of the digital asset space since 2016. In 2021, he co-founded the world’s first regulated virtual asset-focused SPAC, Crypto 1, and successfully raised $230 million, subsequently taking the company public as its CEO on the NASDAQ stock exchange. Concurrently, Mr. Zhao also became a co-founder of the world’s first secondary market fund based on compliant digital currencies, C1 Fund, with an impressive fund size of $500 million.

    This experience and thought leadership in the digital asset space have lent even more credibility to Mr. Zhao’s decision to focus on the MEA region. His global perspective and insights into the rapidly evolving world of digital assets have enabled him to identify the unique opportunities and potential that the MEA region has to offer in this domain. His first venture in the MEA region was KLICKL, a regulated digital asset custody and payment platform. With an acute understanding of the region’s unique needs, Mr. Zhao sought to develop a platform that provided simple, secure, and efficient digital asset custody and payment solutions for retail, corporate, and institutional investors. This trailblazing venture has gained a reputation as the “Shopify of the digital asset realm” and set a new standard for user-friendly and compliant digital brokerage services.
    “I’ve always believed that true innovation comes from challenging the status quo and being bold enough to create something that’s never been done before,” says Mr. Zhao. “KLICKL represents the perfect marriage of cutting-edge technology and a deep understanding of our customers’ needs, creating a seamless and enjoyable experience for everyone involved.”
    Navigating the complex regulatory landscape and rapidly changing market conditions, Mr. Zhao successfully built a strong team of experts, secured strategic partnerships, and fostered a culture of innovation within KLICKL. His dedication and vision for the company’s future have been instrumental in establishing KLICKL as a trusted and respected leader in the digital asset space.
    But Mr. Zhao’s vision didn’t stop there. Recognizing the MEA region’s growing appetite for luxury experiences, he founded MyGolf Dubai, the largest indoor golf club in the Middle East. This luxurious venue offers members an unparalleled experience, combining advanced simulator technology with a comfortable indoor environment. MyGolf Dubai has become a hub for networking, relaxation, and the pursuit of excellence.

    “When I first set foot in Dubai, I saw a city brimming with potential,” Mr. Zhao reminisces. “I knew that by creating MyGolf Dubai, I could bring people together and provide a space for them to enjoy the finer things in life while building lasting connections with one another.”
    From identifying prime locations to negotiating partnerships with local businesses, Mr. Zhao’s tireless efforts were instrumental in the successful launch of MyGolf Dubai. The club has since garnered widespread acclaim for its impeccable facilities, unparalleled service, and commitment to fostering a sense of community among its members.
    In addition to his business ventures, Mr. Zhao has also co-founded the UAE Chinese Golf Association, a platform aimed at promoting golf among the Chinese community in the UAE and fostering deeper cultural understanding and integration between the Chinese diaspora and the local society. This initiative has not only provided opportunities for social and professional networking but has also greatly contributed to enhancing the quality of life for many Chinese expatriates living in the UAE.
    “Creating the UAE Chinese Golf Association was a natural step for me,” Mr. Zhao reflects. “I wanted to give back to the community that has welcomed me so warmly and provide a platform for like-minded individuals to connect, learn, and grow together.”
    Under Mr. Zhao’s leadership, both KLICKL and MyGolf Dubai have flourished, solidifying his position as a pioneering entrepreneur in the MEA region. His unwavering commitment to innovation and growth, coupled with his ability to identify and capitalize on emerging trends, has made him a force to be reckoned with in the world of business.
    As the MEA region continues to experience rapid economic growth and development, Mr. Zhao’s story serves as a shining example for other aspiring Asian entrepreneurs looking to make their mark in these thriving markets. His unique blend of cultural insight, global experience, and entrepreneurial spirit has positioned him as a true leader in this region, proving that with passion, determination, and vision, anything is possible.

    “Embrace every challenge and turn it into an opportunity for growth,” Mr. Zhao advises aspiring entrepreneurs. “Believe in yourself, trust your instincts, and never be afraid to take risks. The world is full of possibilities, and the MEA region is a land of untapped potential just waiting to be explored.”
    As Mr. Michael Zhao continues to break new ground and shape the future of the MEA region, his story serves as a powerful reminder that success knows no boundaries. Through his unwavering commitment to innovation and excellence, he is paving the way for a new generation of Asian entrepreneurs, inspiring them to dream big, take risks, and make a lasting impact on the world stage.(END)

  • Q Properties launches phase 2 of its new Reem Hills luxury apartments

    Q Properties launches phase 2 of its new Reem Hills luxury apartments

    Q Properties launches phase 2 of its new Reem Hills luxury apartments
    with a 2 years’ service charge waiver after phase 1 sells out in record time

    Abu Dhabi(Press Release):: Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has announced the launch of phase 2 of its new luxury apartments in Reem Hills after buyers snap up all phase 1 units in record time. These apartments come with a 2 years’ service charge waiver, thus offering an attractive benefit for potential customers.Located in the heart of the capital and the only gated community on Al Reem Island, Phase 1 of this new residential offering attracted immediate buyer interest for being the largest on the Abu Dhabi market in a highly desirable neighborhood while still at a competitive price point.

    The newly launched Phase 2 features two new buildings with 300 residential units and consists of spacious 1-, 2- and 3-bedroom apartments and 3-bedroom townhouses.Each home in phase 2 boasts light-filled rooms and customizable features that mean they align with the very highest standards of luxurious urban living. All are designed with absolute comfort and ease of use in mind, with open, closed and combined kitchens and dining, maid’s rooms, en-suite bedrooms, ample storage, dedicated laundry areas, walk-in closets, and large balconies. Meanwhile, the multi-level garden seamlessly connects each neighborhood cluster in a display of high-quality design that characterizes the Reem Hills development.

    With Q Properties’ commitment to wellness at the heart of all their designs, residents can also explore expansive landscaped areas, relax in covered plazas, or enjoy a picnic or barbecue in lush green parks. There are also extensive walkways for strolling, jogging, and cycling, plus outdoor fitness zones and temperature-controlled pools.

    Commenting on the launch, Ben Hudson, CEO at Q Properties said: “We were delighted at the market’s incredibly positive response to phase 1 and are now excited to launch this second phase and anticipate an equally great reaction. It clearly shows the demand out there for spacious, beautifully designed homes in a well-connected yet peaceful community with plenty of green space for everyone to enjoy, while being close to a fantastic retail destination.”

    The newly launched phase 2 apartments at Reem Hills deliver on Q Properties’ mission to provide the highest quality of life for residents and fulfil the needs of the community both present and future.— Ends –—

  • Aspiring to be listed in the regional and global markets by 2027

    Aspiring to be listed in the regional and global markets by 2027

    Aspiring to be listed in the regional and global markets by 2027

    Emirati brand Carter & White succeeds in raising AED 40 million in their first round of funding.

    Dubai(Press Release)::Specialists in luxury clothing and accessories, Emirati brand Carter & White successfully raised AED 40 million in their first round of funding “Series A”. The goal of which is to be listed internationally in global financial markets by 2027.
    The company stated that the recent round of funding will be invested to attract a new segment in regional retail markets; UAE, Saudi Arabia, other GCC countries and eventually Europe. Carter & White is currently preparing to open its first store in Al Faisaliyah Center in the heart of Riyadh, KSA, during the fourth quarter of this year. This will be followed by the opening of more stores in Kuwait, Doha, Jeddah as well as other Gulf countries.
    Carter & White will open its first internationally based pop-up this summer in Porto Cervo, Italy, from June 1 to September 30, 2023.
    Mr. Abdullah bin Saeed Al Naboodah, Chairman of Carter & White, said: “We are proud of our accomplishments and keen to continue on this path of growth and expansion in the GCC, as well as gaining ground in new international destinations.”
    It is noteworthy that the “Carter & White” Board of Directors includes Mr. Abdullah bin Saeed Al Naboodah, Chairman of the Board, and members Mr. Hamad bin Jassim Al Darwish, Mr. Fayrouz Kapadia, Mr. Majid Al Ghaslan, and Mr. Marwan bin Yousef Al Serkal.
    Carter & White currently operates 9 stores, 7 of which are in Dubai (City Centre Mirdif, Al Khawaneej Walk, Dubai Harbour, Blue Waters, Dubai International Financial Center, Galeries Lafayette) and 2 in Abu Dhabi (The Galleria Al Maryah Island, Marina Mall Abu Dhabi).
    Carter & White has been able to generate great brand awareness with achievements in local, regional, and international exhibitions, opening a multitude of stores and initiating direct sales channels.(END)

  • Ethmar International Holding and Ajman Bank Conclude Strategic Partnership Agreemen

    Ethmar International Holding and Ajman Bank Conclude Strategic Partnership Agreemen

    Ethmar International Holding and Ajman Bank Conclude Strategic Partnership Agreement

    Strategic partnerships and the upcoming listing will contribute to the development of the company’s business and increase its successful investments at the local and international levels.(Ali El Gebely)

    We are always keen to enter such partnerships for the interest of investors.(Mohammed Amiri)

    AbuDhabi(Press Release)::Ethmar International Holding (EIH) has signed a strategic partnership agreement with Ajman Bank, one of the leading Islamic financial institutions in the UAE, as part of the preparations for listing EIH as a joint stock company in the UAE stock market.
    The partnership agreement, whereby Ajman Bank will act as a strategic partner during the private offering process, represents a new milestone in the track record and achievements of the two companies, and contributes to the expansion of local markets and the growth and development of the UAE economy, in line with country’s leadership’s vision to create a clear path for sustainable economic growth
    On this occasion, Mr. Ali El Gebely, the Managing Director and CEO of Ethmar International Holding, said “Ethmar International Holding a a leading company in the Middle East, seeks to build real value for the future of investment through strategic partnerships and to develop a diversified, innovative and sustainable investment portfolio.”He added: “the UAE economy serves is a key hub for the financial markets’ activities in the Middle East, and this clearly reflected in the great economic boom in the country”. He stressed that the high resilience that UAE economy has demonstrated in the face of the ongoing global challenges has attracted many investors from all over the world to establish their businesses and invest in this fast-growing emerging market. He also praised BHM Capital’s broad experience in the financial markets, and in providing high-quality services in line with the highest international standards.

    Commenting on the partnership, Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are delighted to have such investment opportunities and glad to collaborate with Ethmar International Holding as we always seek partnerships for the benefit of the investors in the company. We are confident this strategic initiative, which aligns with our commitment to supporting the growth of the UAE’s economy will serve the interests of the bank’s investors. We look forward to leveraging our expertise and resources for the benefit of all.”Holding many companies in various commercial and industrial sectors, including energy, technology and real estate development, the Abu Dhabi-based Ethmar Holding Group focuses on encouraging and developing diversified businesses across a wide range of key sectors at the local and international levels, in pursuit of sustainable returns that ensure strong and continuous growth for the group.

    Established in the Emirate of Ajman in 2007, Ajman Bank is an Islamic commercial bank based on the values of integrity, trust, and transparency. Its shares were listed on the Dubai Financial Market in February 2008. Ajman Bank today operates a network of branches and ATMs spread all over the United Arab Emirates after having officially commenced its operations in 2009 through two branches in the emirate of Ajman.