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  • ICAI Abu Dhabi Chapter successfuly hosted 36th Annual International Seminar2025

    ICAI Abu Dhabi Chapter successfuly hosted 36th Annual International Seminar2025

    ICAI Abu Dhabi Chapter successfuly hosted 36th Annual International Seminar on Futuronomics 2025

    CA Charanjot Singh Nanda,Mr.Saker Asllan,Mr.Shikhar Dhawan,Milind Deora,Major General G.D Bakshi,Dr.G Satheesh Reddy،Shri Sachin Pilot, Hansa Yogendra, Dr. Apoorva Ranjan Sharma , were among the Notable Speakers

    AbuDhabi(News Desk)::The ICAI Abu Dhabi Chapter successfully hosted its 36th Annual International Seminar “Futuronomics (The Evolution of Opportunities)” on February 22nd and 23rd, 2025, at Hotel Conrad,Etihad Towers Abu Dhabi. The event brought together policymakers, industry experts, and business leaders to discuss the evolving global economic landscape, emerging financial trends, and the role of technology in shaping the future.over 700 members and delegates, making it one of the most anticipated and largest gatherings of finance professionals in the region.The two-day seminar provided a platform for insightful discussions on global economic transformations, technological advancements, and emerging financial trends, addressing the challenges and opportunities shaping the future of finance.

    The event commenced with an opening address by General Secretary CA Priyanka Birla who highlighted the importance and relevance of the seminar in current times followed by the welcome address by ICAI Abu Dhabi Chapter Chairman, CA Krishnan Narayanan, who highlighted the seminar’s significance in fostering knowledge-sharing and collaboration among finance professionals.

    Chief Guest Milind Deora, Member of Parliament, India, delivered an inspiring keynote address, emphasizing the importance of policy innovation and technology-driven solutions in building a progressive India. His insights on global trade policies and geopolitical impacts resonated deeply with the audience.

    Adding to the distinguished list of speakers was Guest of Honor, CA Charanjot Singh Nanda, President of ICAI India, who praised the ICAI Abu Dhabi Chapter for its commitment to professional excellence and underscored the need for upskilling in the era of digital transformation.

    The seminar featured a diverse range of technical sessions, panel discussions, and fire chat sessions, including:

    Key Highlights from Day 1 – February 22, 2025

    • Keynote Address by Saker Asllan, Chief Exchange Operations Officer, ADX, who provided valuable insights into the future of financial markets and the pivotal role of digital innovation in transforming capital markets.
    • Apoorv Ranjan Sharma, Co-Founder & MD of 100Unicorns, discussed the evolving startup ecosystem and the investment strategies shaping new-age businesses.
    • PitchTank Session – The Growth Stage Startups Edition: This exciting session featured innovative pitches from promising startups, including:
      • Tarun Joshi, Mr. Piyush Jain (CarePal)
      • Akshay Chaturvedi (LeverageEdu)
      • Shourya Agarwal (Flam)
      • Ketan Jain (Renee)
    • Fire Chat Session: From Vision to Reality – Building a Progressive India: A compelling conversation with Milind Deora, moderated by CA Sridhar Iyengar, CFO – Real Estate & Infrastructure Investments, Mubadala, which explored the role of policy frameworks in fostering economic growth.
    • Panel Discussion – Art of Winning Business: Lessons from the Cricketing World: Featuring:
      • Shikhar Dhawan, Cricket Legend
      • Abhinav Tandon, Global Expansion & Sports Business Specialist, Yashaa Global Capital
      • Moderated by: Nagesh Surajnarayana, Head, Corporate Governance & Risk Advisory, Andersen Consulting UAE.
    • Sateesh Reddy, President, Aeronautical Society of India, provided a visionary address on Evolving Defense and Space Technologies, shedding light on how cutting-edge advancements are redefining national security and aerospace innovation.

    The first day of Seminar  concluded with a grand Gala Dinner and Musical Night, attended by 2,000+ guests, offering a vibrant evening of networking, entertainment, and cultural celebration.

    The highlight of the evening was a spectacular live performance by renowned Bollywood singer Javed Ali, who mesmerized the audience with a blend of sufi classics and chart-topping hits, creating a magical atmosphere.

    Key Highlights from Day 2nd 

    • Fire Chat Session – India Past 75 Years and Future 75 Years: Sachin Pilot, Former Deputy Chief Minister of Rajasthan, in conversation with CA Krishnan Narayan, reflected on India’s economic journey and the vision for the next seven decades.
    • Hansa Yogendra, Director of The Yoga Institute, delivered a session on Mindful Leadership, offering actionable insights on well-being and mental resilience for organizational success.
    • Major General G. D. Bakshi, SM, VSM (Retd.), Indian Army, captivated the audience with his powerful insights on The Future of War and how emerging technologies are reshaping the defense landscape.
    • CA Rahul Malodia, Business Coach & Motivational Speaker, shared an engaging talk titled From Boardrooms to Broadcasts – A CA’s Path to Empowering Millions, inspiring professionals to embrace innovation and drive change.
    • Anuj Singhal, Managing Editor, CNBC Awaaz, rounded off the technical sessions with a compelling presentation on Navigating Market Volatility, offering practical strategies to manage financial risks.

    Honoring the Legacy – Felicitating Past Chairpersons

    A significant highlight of the seminar was the felicitation ceremony, where all past Chairpersons of the ICAI Abu Dhabi Chapter were honored for their remarkable contributions. This special gesture acknowledged their visionary leadership and dedication in strengthening the Chapter’s legacy.

    The event was made even more special with the presence of CA Richard D’Souza, Founding Chair, who joined from India, along with several past chairs or their family members, including CA Haresh who traveled all the way from Canada to be a part of the celebration.

    A GCC-Wide Celebration of Professional Excellence:

    The seminar welcomed approximately 40+ members from ICAI GCC Chapters, including their Managing Committees, underscoring the spirit of regional collaboration and knowledge-sharing.

    Gratitude to Sponsors and Partners:

    The ICAI Abu Dhabi Chapter extended heartfelt gratitude to its esteemed sponsors for their unwavering support in making the 36th Annual International Seminar a resounding success. Their generous contributions played a pivotal role in elevating the event and facilitating knowledge-sharing at the highest level.

    Special thanks were extended to:

    • Title Sponsors: ADX Securities, BNW Developments
    • Lead Sponsors: Jedox, Lulu International
    • Diamond Sponsors: 100 Unicorns, FAB, G42, Xpeng
    • Gold Sponsors: Al Massar Solutions, Crowe, MICS, MMJS/KrestonMenon/Aaronz, National Bonds, Zoho
    • Silver Sponsors: Al Nasser Industrial Enterprises LLC, Andersen, HLB Hamt, Windmills
    • Premier Sponsors: ADNIC, ADMMI, Agthia, Bank of Baroda, BOT, Deloitte, Gargash Insurance, Ideal Capital, MCA, Premier Brains, Protiviti, UHY
    • Media Partners: Financial World Magazine, Khaleej Times

    Acknowledging the ICAI Abu Dhabi Chapter Managing Committee

    The seminar’s success was made possible by the dedication of the ICAI Abu Dhabi Chapter Managing Committee:

    • CA Krishnan Narayanan – Chairman
    • CA Rohit Dayma – Vice Chairman
    • CA Priyanka Birla – General Secretary
    • CA Ajay Singhvi – Treasurer
    • CA Mohammed Shafeek & CA Prasad Amara –Communication & Website
    • CA Shafeekh Neelayil & CA Suma Rajesh – Membership
    • CA Monish Mohan & CA Harit Kumar – Social
    • CA Anu Thomas & CA Nirmal Agrawal – Media & Students Affairs
    • CA Ramesh Dave & CA Ankit Kothari – Professional Development Committee

    Vice Chairman CA Rohit Dayma, expressed sincere appreciation to the organizing committee for their tireless efforts and dedication in delivering a world-class event.

    The ICAI Abu Dhabi Chapter looks forward to continuing its legacy of excellence, fostering knowledge, and creating more opportunities to support the professional growth of its members.

     

     

     

     

  • Bloom Holding Launches ‘Carmona’ – The Eighth Phase of Bloom Living

    Bloom Holding Launches ‘Carmona’ – The Eighth Phase of Bloom Living

    Bloom Holding Launches ‘Carmona’ – The Eighth Phase of Bloom Living.

    Abu Dhabi(News Desk):: Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the launch of ‘Carmona’, the eighth phase of Bloom Living, its fully integrated and all-inclusive community in Abu Dhabi.
    Named after the Spanish town, Carmona offers premium townhouses ranging from two to three bedrooms. The eighth phase of Bloom Living is scheduled to be completed in Q2 2028 with prices starting from AED 1.9 million and attractive post-handover payment plansavailable.
    Inspired by the Mediterranean Spanish architecture and elevated by the comfort of modern living, the premium townhouses at Carmona will be designed to welcome indoor-outdoor living with elegant finishings, high ceilings and large windows. The communal areas within Carmona offer spacious courtyards as well as access to top-class amenities, providing residents with an exceptional community living experience.

    CEO of Bloom Holding, Carlos Wakim said: “Bloom Living is a testament to Bloom Holding’s dedication to reimagining community living and delivering outstanding results. The exceptional sales results we are witnessing with each launch at this fully integrated and all- inclusive community signifies our ability to offer best-in-class customer experiences and our proven track record in delivering thoughtfully designed projects.
    “The launch of Carmona builds on our legacy of introducing high-quality residential projects that meet the evolving needs of our customers. We are confident that this phase will see the same strong demand from investors and end users as our previously launched phases, which is a direct result of the distinctive appeal of Bloom Living.
    "Our commitment to delivering excellence within the market is further exemplified by the early handover of Cordoba, the first phase of Bloom Living, which underscores Bloom Holdings dedication to providing exceptional value and exceeding customer expectations.
    The success we have observed over the years highlights the strength of Bloom Living’s proposition as a premium community living destination. We take pride in maintaining these high standards as we reach new milestones, driven by a deep understanding of market dynamics.
    Those living within Carmona 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 the development’s multiple uninterrupted, 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.
    Additionally, at the heart of Bloom Living lies a Town Center, a vibrant community destination that offers an array of exquisite restaurants and cafés available for both residents and visitors, as well as a variety of retail options and services such as a medical clinic, a wellness center and a supermarket, to ensure that residents can obtain all their daily necessities without the need to leave Bloom Living.
    The focal point at Bloom Living will be a large lake around which residents can walk, run, and cycle on designated trails. For gatherings and leisure activities, the community features multi-purpose amphitheaters and Sunset and Sunrise Plazas with spectacular views.

    Moreover, Bloom Living comprises places of worship and two outstanding international schools.Bloom Living features a selection of villas, townhouses, and apartments, to suit the unique needs of residents of all generations. The highly convenient gated community is located within Zayed City and close to Zayed International Airport. Bloom Living has been designated as an investment zone allowing buyers of all nationalities to purchase residential units in the development.-Ends-

  • In Partnership with Abu Dhabi Customs: Al Masaood Sets Best Practice Example

    In Partnership with Abu Dhabi Customs: Al Masaood Sets Best Practice Example

    In Partnership with Abu Dhabi Customs: Al Masaood Sets Best Practice Example in Supply Chain and Logistics Operations to visiting High Profile Hong Kong Delegation

    The Group showcased operational excellence through strategic AEO certification in elevating global trade partnerships

    Abu Dhabi(News Desk):: For the third consecutive year, Al Masaood Group, prominent Abu Dhabi conglomerate, hosted a high-profile delegation from Hong Kong in partnership with UAE Customs, Abu Dhabi Customs and Federal Tax Authority. The visit highlighted Al Masaood Group’s model of excellence in implementing management and logistics systems within the AEO framework.

    The delegation’s visit provided an in-depth exploration of the Group’s operations, offering them a clear view of the company’s streamlined supply chain and rigorous logistics and safety protocols. It included a guided tour of Al Masaood Automobiles’ recently revamped facility and warehouse, providing first-hand insights into the Group’s storage methods and shipment handling procedures, as well as the company’s strategic contributions to Abu Dhabi’s economy.

    Al Masaood obtained AEO certification in 2021 – a significant milestone for the Group, achieved through meticulous efforts and commitment to excellence. The process involved meeting rigorous security and compliance requirements, intensive evaluations, and close interactions with Abu Dhabi Customs to ensure adherence with international standards.

    Commenting on this, Ahmed Salmeen, Chief Executive Government Affairs, Al Masaood Group, said: “Achieving the AEO certification has been transformative for Al Masaood. As a strategic player in the international trade ecosystem,being AEO-certified optimises our operational efficiency, thus strengthening our supply chain security and solidifying our international partnerships.”

    Today, Al Masaood stands as a global trade player with leading international brands. Being a certified AEO operator allows the Group to enhance operational efficiencies, strengthen supply chain security, and solidify global trade partnerships. It also enables the company to foster a culture of trust, reliability, and security with its trade partners. These all align with Al Masaood’s efforts to support the UAE’s economic landscape while unlocking new opportunities and collaborations. –ends-

  • e& delivers record revenue and net profit in FY 2024

    e& delivers record revenue and net profit in FY 2024

    e& delivers record revenue and net profit in FY 2024 growing consolidated revenue 10.1% to AED 59.2 billion

    • Net profit reached AED 10.8 billion, growing 4.3 per cent year-over-year

    • Full year dividend per share of 83 fils

    • e&’s footprint expanded to 38 countries with a subscriber base of 189.3 million across the Middle East, Asia, Africa, and Central and Eastern Europe

    • e& emerged as the ‘World’s Fastest Growing Brand’ with brand portfolio and investments value exceeding US$ 20 billion

    Abu Dhabi(News Desk);: e& has delivered record financial performance in 2024, reporting a consolidated net profit of AED 10.8 billion, an increase of 4.3 per cent year-over-year (YoY). This milestone reflects three years of strategic transformation, reinforcing the Group’s position as a global technology group.

    Consolidated revenues reached AED 59.2 billion, growing 10.1 per cent and 12.6 per cent in constant exchange rates, driven by growth across all business verticals. Consolidated EBITDA rose by 2.7 per cent YoY at constant exchange rates, reaching AED 26.5 billion.

    e& UAE continued its solid growth trajectory, with its subscriber base surpassing 15 million, representing an increase of 5.4 per cent compared to the previous year. The group’s total subscriber base grew to 189.3 million, marking a 11.7 per cent increase compared to 2023.

     Financial highlights for FY 2024 

    2024 2023 Per cent change
    Revenue AED 59.2 billion AED 53.8 billion 10.1% (*)
    Net Profit AED 10.8 billion AED 10.3 billion 4.3%
    EBITDA AED 26.5 billion AED 26.1 billion 1.3% (*)
    Earnings per Share AED 1.24 AED 1.18 4.3%
    Consolidated Group Subscribers 189.3 million  169.5 million 11.7%

    (*) At constant exchange rates, revenue increased by 12.6 per cent, and EBITDA increased by 2.7 per cent YoY

    e& sustained strong growth across all verticals, expanding its portfolio while doubling down on connectivity and digitalisation. By driving innovation and long-term value creation, the group remains committed to delivering sustainable returns to its shareholders.

    Demonstrating this commitment, we delivered on the first year of our 3-year progressive dividend policy with an incremental increase of 3 fils (AED 0.03) every year for the fiscal years 2024, 2025, and 2026. This policy is set to elevate dividend per share (DPS) to reach 89 fils (AED 0.89) by FY 2026, reflecting the group’s confidence in its continued financial strength and growth prospects.

    For FY 2024, the board has proposed a cash dividend of 41.5 fils (AED 0.415) per share for the second half (July to December) of 2024, bringing the total annual dividend to 83 fils (AED 0.83) per share—further reinforcing e&’s commitment to delivering consistent value to its shareholders.

    H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said: “2024 was a year of growth, driven by bold vision, AI-driven innovation, and relentless commitment to digital empowerment. Emerging as the “World’s Fastest Growing Brand” and establishing our first operational footprint in Europe were defining moments in e&’s journey. With a net profit of AED 10.8 billion and subscribers growing to 189.3 million, our performance reflects our strategic foresight and unwavering focus on value creation.

    Beyond financial success, real growth is measured in impact. Guided by the UAE’s visionary leadership, we continue to drive economic progress, empower businesses, and transform lives across three continents. Our investments in AI ecosystems, intelligent platforms, and industry-defining solutions reinforce our role as a catalyst for change.

    At the heart of our success is our talent—the driving force of our innovation. Our leadership in Emiratisation and commitment to workforce upskilling is not just a business responsibility but a strategic advantage. By equipping the next generation with AI and digital expertise, we are building the UAE’s digital future and cultivating leaders who will drive global transformation.

    As we move forward, we will continue to leverage technology as a force for progress— where AI enhances lives, networks fuel digital economies, and every connection we build opens doors to something greater.”

    Hatem Dowidar, Group Chief Executive Officer, e&, added: “In 2024, we accelerated our transformative journey as a Global Technology Group—scaling AI, expanding into Europe, and driving impact across three continents. Our consolidated revenues surpassed AED 59.2 billion, growing by 10.1 per cent year-over-year, while consolidated EBITDA rose 2.7 per cent in constant currency to AED 26.5 billion. Our financial performance reflects the trust we’ve built, the bold investments we’ve made, and the transformative added value we continue to create.

    A landmark achievement was e&’s expansion into Central and Eastern Europe with the majority acquisition of PPF Telecom’s assets, adding over 10 million new subscribers across Bulgaria, Hungary, Serbia, and Slovakia. This move strengthens our global presence, unlocks scalable digital solutions, and fosters digital inclusion. Additionally, our acquisition of GlassHouse expanded our cloud, data, and SAP capabilities across Türkiye, South Africa, and Qatar, strengthening our leadership in enterprise digital transformation. These strategic moves are at the core of our long-term aspirations—to build a robust, future-ready digital ecosystem that enables businesses to scale, governments to innovate, and communities to thrive.

    As we closed 2024, we set out to ‘Go for More’- expanding our digital footprint, pioneering AI-driven innovations, and delivering impactful solutions. With a brand portfolio and investments exceeding US$ 20 billion, e& is the World’s Fastest Growing Brand, a recognition of our relentless pursuit of innovation and progress.

    Looking ahead, we are poised for even greater growth and transformation. Our ambition is unstoppable: to lead the digital transformation that creates a lasting positive impact, foster collaboration, and empower societies. We will continue to push the boundaries of AI, scaling intelligent platforms, and ensuring that technology is a force for good, and that every innovation we deliver is a catalyst for progress.”

     Key Operational Highlights

    In 2024, e& advanced its strategic ambitions by unlocking new growth avenues, delivering next-generation solutions that reshape industries, elevate customer experiences, and drive a more connected, intelligent future.

    e& completed the acquisition of a controlling stake in PPF Telecom Group, extending its footprint to 38 countries across Central and Eastern Europe, adding over 10 million customers to its networks and unlocking new opportunities for growth, innovation, and value creation in high-potential markets.

    Recognised as the ‘World’s Fastest Growing Brand’ in Brand Finance’s Global 500 Report, e& has achieved exceptional brand momentum—driven by a three-year transformation that unified its historic Etisalat brand under a single, cohesive identity. The company attained a AAA rating, with a brand strength score of 84.6, reflecting an eight-fold increase in brand value versus previous year, reaching an all-time high of US$ 15.3 billion for e& as a standalone brand. This significant increase was driven by growth in investments and portfolio exceeding USD 20 billion, including but not limited to PTCL (Pakistan), Mobily (Saudi Arabia), and the acquisition of a controlling stake in PPF Telecom Group.Additionally, e& secured a spot among the top 10 Most Valuable Telecom Brands globally, a testament to its strategic vision and sustained market influence and reflecting its diversified expansion and long-term value creation.

    With a focus on expanding its global footprint, diversifying its portfolio, and accelerating digital transformation, e& has continuously evolved to meet the demands of an increasingly connected world. As a culmination of this transformation, the group unveiled its new brand positioning—‘Go for More’—marking a significant milestone in its journey to becoming a global technology powerhouse.

    e&

    With the landmark acquisition of a controlling stake in PPF Telecom Group, e& expanded its global footprint to 38 countries in Central and Eastern Europe, adding over 10 million customers to its networks. Strengthening its impact in cloud innovation, digital transformation, and digital education, e& signed a US$ 1 billion agreement with Amazon Web Services (AWS). Collaborating with ADNOC, e& deployed the world’s largest private 5G network for the energy sector, redefining industry standards for ultra-reliable connectivity, high-speed data transfer, and operational efficiency. Through the acquisition of GlassHouse, the group enhanced its managed cloud, business continuity, and SAP infrastructure services, expanding its footprint to Türkiye, Qatar, and South Africa.

    Driving advancements in AI-driven technologies, e& achieved new milestones in customer service innovation with the co-development of a telco-specific Large Language Model (LLM) through its joint venture (JV) agreement with the Global Telco AI Alliance. Furthering its commitment to ethical AI practices, e& adopted GSMA’s Responsible AI Maturity Roadmap, solidifying its leadership in integrating responsible AI principles across its operations. Nokia Bell Labs and e& joined forces to develop responsible AI use cases, promoting sustainable enterprise solutions. The GSMA recognised e& for its progress in decarbonisation and renewables through the GCC Sustainability Innovation Hub.

    Sustainability remained a core focus for e& in 2024. The company set a bold climate transition action plan titled “Ambition to Action” to achieve net zero emissions. A strategic alliance with the United Nations Development Programme (UNDP) advanced digital inclusion, accelerated support for MSMEs (Micro, Small & Medium Enterprises), and leveraged AI to enhance climate resilience in Arab States. In partnership with Al-Futtaim Electric Mobility, e& deployed 100 electric vehicles, supporting the UAE’s net-zero carbon goals.

    e& Carrier & Wholesale, the group’s international wholesale arm, launched its Smart Connect Service, empowering operators to scale connectivity with automated provisioning. The introduction of the plug-and-play Roaming-as-a-Service (RaaS) solution addressed the growing demand for seamless roaming capabilities, enabling network providers to optimise resources, reduce costs, and deliver superior connectivity experiences to their customers. In partnership with Vodafone, e& introduced fully managed voice solutions to support international voice traffic and meet the rising demand for VoLTE services. The expansion of the Tier III SmartHub data centre network to Abu Dhabi strengthened the region’s digital backbone, providing enhanced connectivity for hyperscalers, content delivery networks, and telecom operators.

    Building on its commitment to empower the youth, the group’s AI Graduate Programme ensured a pipeline of skilled professionals, building a future-ready workforce. With the launch of the Nukhbat Al Wattan initiative, e& supported UAE Nationals during their interim period for National Service, further showcasing its commitment to national development. e& also received the Great Place to Work® certification, reflecting its commitment to cultivating an empowering work environment.

    e& UAE

    As the flagship telecom arm of the group, e& UAE strengthened its leadership in intelligent connectivity and innovation in 2024. With next-generation network infrastructure, it set new benchmarks for 5G connectivity, achieving the fastest 5G mobile network speed with a median download speed of 749.63 Mbps. The UAE maintained its global leadership in FTTH penetration, reaching 99.3 per cent, with e& UAE playing a key role in nationwide connectivity expansion. e& UAE set a new global record for data transfer speed, reaching 30.5 Gbps on a live 5G network.

    Continuing to transform industries through advanced 5G networks, the company delivered high-performance connectivity, automation, and efficiency across key sectors. A landmark partnership with ADNOC delivering the energy sector’s largest private 5G network, revolutionising operational capabilities.

    Further transforming manufacturing, e& UAE partnered with EMSTEEL to deploy its 5G private virtual network, significantly manufacturing efficiency.

    Another collaboration with Multi Level Group (MLG) drove advancements in eVTOL aircraft and drones using 5G technology, accelerating innovation in aerial mobility.

    Marking another industry first, e& UAE strengthened its presence in satellite communications by joining Space42’s (previously Yahsat) Direct-to-Device (D2D) ecosystem, becoming the first operator to deliver satellite coverage directly to smartphones. In other advancements, the company launched Fibre-to-the-Yacht (FTTY) services at Yas Marina, providing high-speed connectivity to yachts, and introduced Fibre-To-The-Room (FTTR) services to enhance in-home Wi-Fi performance. The announcement of a 50G PON network upgrade further cemented its leadership in connectivity, while new 5Gbps and 10Gbps FTTH plans set new standards for consumer internet speeds.

    In 2024, e& UAE established itself as a leader in providing AI-powered connectivity solutions to enhance operations and customer experience. The deployment of NVIDIA H100 GPU clusters within Oracle Cloud Infrastructure (OCI) highlighted its commitment to enhancing AI capabilities. Collaborating with Amazon Web Services (AWS), the company introduced custom Generative AI solutions, elevating customer experiences. The launch of the second AI-empowered autonomous store, ‘EASE,’ in Dubai Mall offered a futuristic shopping experience. e& UAE showcased the region’s first AI-driven adaptive smart home experience, highlighting its vision for personalised, intelligent living. Among other innovations are the AI-powered Human-Digital Advisors, which redefine customer service, and an AI Lab launched in partnership with Open Innovation AI to develop tailored solutions for the UAE market. Additionally, the integration of AI-driven solutions in corporate functions successfully reduced technical calls by 30 per cent and technician visits by 40 per cent.

    Furthermore, the introduction of the AI-powered browser extension “Wider Web” emphasised e& UAE’s commitment to digital inclusion, creating an autism-friendly browsing experience.

    Driving public-private collaboration, was a strategic priority for e& UAE in 2024. A partnership with the Abu Dhabi Chamber of Commerce and Industry facilitated the growth of SMEs by accelerating their digital transformation and equipping businesses with modern solutions. Collaboration with the Cyber Security Council advanced sustainable traffic management systems for unmanned aerial vehicles, promoting safety and efficiency. A strategic partnership with Dubai Airports leveraged 5G technologies to enhance airport operations, improving traveller experiences. Dubai Police signed a partnership with e& UAE to launch the UAE’s first-of-its-kind Smart Home Security System to enhance public safety in residential areas. A collaboration with Maqta Gateway and Space 42 focused on developing and deploying smart 5G, IoT, and AI-powered solutions for the maritime sector, enhancing operational efficiency, safety and sustainability.

    Transforming the way people live and connect, e& UAE placed intelligent connectivity and smart living at the heart of its strategy. A collaboration with KEZAD Communities significantly elevated living standards in Razeen Residential City with ultra-fast connectivity, and another collaboration with Aqara brought smart home solutions to the UAE.

    Further empowering businesses, e& UAE partnered with Airbus’ Public Safety and Security (PSS) unit to deliver advanced enterprise communication solutions. The company further introduced the ‘Care Plus’ support service for business customers, and the Managed Wi-Fi 7 Services, empowering them to drive enhanced productivity and operational efficiency. The introduction of the Next-Generation Connectivity Platform redefined network integration with adaptable, future-ready solutions. Additionally, the deployment of Microsoft’s Azure Operator Nexus and Azure Operator 5G Core solutions in the UAE marked another regional first.

    e& UAE introduced numerous customer-focused innovations to enhance user experiences. The launch of the self-activated instant eSIM provided visitors with seamless connectivity, while the “Smiles Unlimited” subscription model offered unlimited benefits through the Smiles SuperApp. The introduction of a Kids SIM Card and Parental Control Service reinforced the company’s commitment to digital safety, empowering families to create secure online environments. These initiatives exemplified e& UAE’s dedication to prioritising customer needs. A partnership with Etihad Airways enhanced customer loyalty programmes and boosted destination marketing, showcasing e& UAE’s ability to deliver transformative solutions across industries.

    e& UAE also achieved ISO 37001:2016 certification for its Anti-Bribery Management System (ABMS), reflecting its commitment to ethical practices.

    Building on the group’s commitment to digital inclusion, e& UAE introduced the GoLearning platform, offering thousands of courses to equip people with essential skills for the digital economy. A virtual coding camp further nurtured future innovators, solidifying the company’s role in fostering the next generation of tech leaders. The company’s dedication to employee initiatives earned the company the top spot in Brand Finance’s Employer Brand Report 2024, reinforcing its position as an employer of choice.

    e& international

    In 2024, e& international’s growth was fuelled by strategic acquisitions and collaborations, propelling the group’s strategy to expand its impact globally and connect communities worldwide. The most significant being the completion of the acquisition of a controlling stake in PPF Telecom Group. This marked a significant step in e&’s expansion, with entry into the Central and Eastern European market as e& PPF Telecom Group.

    Strengthening its commitment to AI and 5G innovation, e& international partnered with Huawei, Ericsson, Nokia, and Intel to develop AI-powered autonomous mobile networks, leveraging expertise from global technology leaders.

    In Afghanistan, the acquisition of a total of 15 MHz of spectrum in the 1800 and 2600 bands established Etisalat Afghanistan as the largest spectrum holder in the market, significantly enhancing its competitive position. Mobily also acquired a total of 120 MHz of spectrum across the 700 MHz and 3800 MHz bands, enhancing coverage and service quality.

    In Egypt, the company signed an agreement with Modon Holding to develop smart city infrastructure for the Ras El Hekma project, transforming the Mediterranean coast with sustainable and modern urban solutions.

    In Pakistan, Upaisa’s partnership with Mastercard introduced a debit card to promote secure and seamless financial services. PTCL’s collaboration with STech.ai brought Pakistan its first AI-enabled customer service platform, marking a transformative step in customer engagement.

    Customer experience took centre stage for e& international this year. e& Egypt launched e& Neo, in collaboration with Mashreq Bank, the first digital banking service in the country. PTCL launched Pakistan’s first combined app integrating PTCL, Ufone, and Flash Fibre services, streamlining access to customer support and offerings. It also became the market leader in Fibre-to-the-Home (FTTH) services in Pakistan, solidifying its position with robust infrastructure and innovative offerings. With its Flash Fibre (FTTH) reaching over 674,000 subscribers, PTCL continues to provide seamless and reliable connectivity across Pakistan.

    Onic, a subsidiary, was recognised as the “Best Mobile App and Digital Ambassador of the Year,” at the Pakistan Digital Awards, showcasing its leadership in digital innovation.

    e& Egypt was honoured with the “Business Excellence Award – Egypt 2024” for its outstanding culture and people practices, as well as the “Best Workplace Environment in Diversity and Inclusion” award from Global Business Outlook.

    e& life

    In 2024 e& life set new benchmarks across fintech, lifestyle, and entertainment, fueled by AI-driven transformation and innovation.

    In fintech, e& money became the UAE’s #1 fintech app, achieving 2.5X growth in monthly active users compared to 2023. Card issuance surged past 900,000, while international money transfers tripled, cementing its position as the region’s go-to digital payments platform. Wio continued its breakout success—scaling fast while reaching profitability. Deposits tripled, and revenue surged 3X, reinforcing its leadership as the region’s most dynamic neobank.

    The consumer lifestyle revolution gained momentum as Careem Technologies more than doubled revenues, achieving profitability in Dubai. The Careem Plus membership surged, driving deeper engagement across food delivery and payments. AI-powered automation transformed efficiency—while the AI-powered DineOut concierge redefined dining, seamlessly connecting users with top restaurants in real time.

    STARZ ON cemented its position among the top 3 AVOD/SVOD platforms in the GCC, amassing 5.9M+ downloads in just 12 months and driving record user engagement. The platform expanded its exclusive content library, securing ICC Cricket, Disney+ Hotstar, and UFC, strengthening its appeal across sports and premium entertainment.

    In entertainment, AI-powered personalised recommendations significantly boosted STARZPLAY’s engagement and retention, ensuring users stayed connected to the content they loved. In Fintech, AI-powered fraud detection, instant ID verification, and seamless automation made e& money smarter and more accessible. In lifestyle, AI-driven automation optimised interactions, enhancing customer experiences at scale.

    e& enterprise

    In 2024, e& enterprise continued to drive the digital transformation landscape, marked by the acquisition of GlassHouse, which expanded its footprint into Türkiye, and bolstered its managed cloud and SAP infrastructure services. Through strategic partnerships spanning healthcare, finance, and sustainability, e& enterprise further advanced next-generation digital offerings, empowering businesses across the region to accelerate their transformation journeys.

    Through its collaborations with Daman and Burjeel Holdings, e& enterprise transformed healthcare accessibility and delivery, including the launch of the Hayakom Digital Booth and telemedicine services.

    e& enterprise also forged strategic collaborations with Fils and Payit, championing sustainable digital payment models that offer real-time carbon emission transparency, enabling businesses to offset emissions.

    Through its partnership with Miral, e& enterprise is contributing to the development of the Yas Island Metaverse project, which is set to exhibit business event venues, attractions, and experiences. Another partnership between ADCB and Beehive reinforced support for SMEs. Meanwhile, a collaboration with the Abu Dhabi Social Support Authority (ADSSA) led to the development of the House Visit and Interviews Management System, optimising social services. Agreements with the King Abdullah Financial District (KAFD) and IDC furthered digital transformation in line with Saudi Vision 2030. Another partnership with SAS brought AI-powered and data-driven innovations to the UAE and KSA, enabling enterprises to modernise data and business intelligence in both countries.

    In addition, e& enterprise partnered with SERGAS Group to enhance GCC gas networks and joined forces with Worldwide Generation and Commercial Bank International to drive financial innovation in sustainability. Its partnership with NMDC Energy will further enhance sustainability and operational efficiency in the energy sector.

    The launch of the AI-powered Utility Co-Pilot virtual assistant revolutionised utility management through Generative AI, marking a significant milestone in smart utilities.

    In partnership with Dubai Public Prosecution, e& enterprise developed the world’s first Central Digital System for Remote Investigation, streamlining judicial processes.

    The rebranding of UAE Trade Connect to haifin, bolstered by the addition of Sharjah Islamic Bank and attainment of ISO/IEC 27001:2022 certification, further underscored e& enterprise’s leadership in financial technology.

    Meanwhile, consulting services for Emirates Transport laid the groundwork for a comprehensive digital transformation roadmap in the UAE’s transportation sector. The deployment of the region’s first cloud-based Picture Archiving and Communication System (PACS) with Smart Salem revolutionised healthcare digitalisation.

    e& enterprise introduced Contact-Centre-as-a-Service (CCaaS) in the UAE through a strategic collaboration with NICE, enhancing customer engagement capabilities for businesses.

    Demonstrating cybersecurity excellence, Help AG was recognised as the ‘Best Managed Security Provider’, further strengthened by its Zscaler MSSP authorisation.

    e& capital

    In 2024, e& capital reaffirmed its commitment to investing in companies that redefine industries and shape the future, both regionally and globally. In line with the group’s overarching strategy, its portfolio spans key verticals of the group, including telecom and digital.

    Recent investments, including Traydstream, Ikigai, and Derq, leverage AI and machine learning as core components of their technologies, driving innovation, enhancing workflows, and enabling scalability.

    -END-

     

     

     

  • SKODA Unveils Exclusive Ramadan Offers

    SKODA Unveils Exclusive Ramadan Offers

    SKODA Unveils Exclusive Ramadan Offers

    Dubai/AbuDhabi- Al Ain(News Desk)::- Škoda Abu Dhabi has unveiled exclusive deals for its 2025 Ramadan Offers, featuring the all-new Kodiaq, Octavia, Superb, and Kushaq, offering a diverse range of modern, comfortable, spacious, and environmentally friendly vehicles that prioritize safety and sustainability.
    The new generation Kodiaq features a sporty design, 7 seats, and a panoramic roof, offering plenty of space and comfort for all passengers. With its innovative interior, advanced technology, and fuel-efficient engine, it presents the perfect choice for large families, offering comfort, space, and advanced features for an effortless driving experience. Prices start fromAED 144,000.

    The Octavia delivers unmatched comfort and ample space for families. Featuring a sleek design and perfectly balanced proportions, the Octavia enhanced driving with its elegance, while also being environmentally friendly, making it the perfect family car. Prices start from AED 89,950.

    The Superb, starting from AED 99,950, combines craftsmanship, refined materials, and advanced features. Designed for practicality, the Superb offers a wide range of options and smart technology that makes every day driving easier. The superb, a car that embraces true luxury.

    The Kushaq, starting at AED 59,950, is equipped with high-strength components for safety and efficiency. With eco-friendly performance at 6.5L/100km fuel efficiency and a 6-speed automatic transmission, the Kushaq is the perfect combination of safety, performance, and practicality.

    All models come with a 3-year service plan/45,000 km, up to 5 years of manufacturer’s warranty, free registration, and accessories included, except for the all-new Kodiaq, which is backed by a 7-year warranty.

    Emre Dogueri, General Manager of Škoda at Ali & Sons, said: “Ramadan is a time of giving, and at Škoda Abu Dhabi, Al Ain and Dubai, we’re marking the occasion by providing our customers across the Emirates with exclusive offers on the most popular models within the Škoda range. From attractive financing options to extended warranty and service plans, our aim is to offer greater value and convenience throughout the holy month.” Škoda has a long history of innovation, shaped by a forward-thinking approach. This focus on progress has made the brand a trusted choice for customers, offering a variety of options to match their evolving needs. To learn more about Škoda, visit https://www.skoda-uae.com/. – END –

  • Burjeel Holdings Board Mandates Share Buyback Exploration Amid Strong Financial Growth Outlook

    Burjeel Holdings Board Mandates Share Buyback Exploration Amid Strong Financial Growth Outlook

    Burjeel Holdings Board Mandates Share Buyback Exploration Amid Strong Financial Growth Outlook

    Abu Dhabi(News Desk):: Burjeel Holdings PLC (“Burjeel” or “the Group”), a leading super-specialty healthcare provider in the MENA region, listed on the Abu Dhabi Securities Exchange (SYMBOL: BURJEEL; ISIN: AEE01119B224), announces that its Board of Directors has authorized Management to explore a share buyback program of up to 10% of the Group’s share capital, subject to regulatory approval from shareholders and the Securities and Commodities Authority. This initiative reflects the Board’s confidence in the Group’s significant growth potential over the mid and long term.
    Strategic Rationale  Growth Outlook
    The share buyback program aligns with Burjeel Holdings’ commitment to optimizing capital structure and
    enhancing shareholder value. The Group remains on track for mid-teens revenue growth and EBITDA
    margin expansion in 2025 and beyond, driven by the accelerated ramp-up of high-growth assets,
    expansion of high-complexity procedures, and ongoing cost optimization initiatives. As a result, profit
    before tax is expected to grow at approximately 25% CAGR over the next four years.
    Burjeel Holdings continues to strengthen its position as a leading healthcare provider by investing in
    advanced medical technologies, expanding its portfolio of specialty services, and enhancing patient care
    delivery. The Group remains focused on driving operational efficiencies, broadening its service offerings,
    and leveraging digital transformation to maximize long-term stakeholder value.
    Buyback Program Details
    Upon approval from shareholders and regulators, Burjeel Holdings intends to execute a share buyback
    program of up to 10% of the Group’s share capital, to be conducted through open market purchases. This
    initiative will be fully funded through the Group’s operating cash flow, reflecting its strong financial
    position.
    Following the buyback, Management is evaluating various options for utilizing the repurchased shares,
    including potential resale based on market conditions, allocation to Long-Term Incentive plans, or other
    regulator-approved strategies that support broader capital management objectives.
    Mr. John Sunil, Group CEO of Burjeel Holdings, said: " Burjeel Holdings is well-positioned to achieve
    its ambitious growth targets, in line with the strategic guidance provided to the market. With our strong
    operational performance and favorable market trends, we believe the Group’s intrinsic value is not yet
    fully reflected in its current market valuation. Recognizing this opportunity, we proactively sought Board
    approval to explore a share buyback initiative. With this mandate secured, we will work closely with
    regulators and shareholders to finalize the buyback program and ensure timely market updates upon
    receiving the necessary approvals.—–Ends—–

  • ADEX participates in GTR MENA conference as a strategic sponsor

    ADEX participates in GTR MENA conference as a strategic sponsor

    ADEX participates in GTR MENA conference as a strategic sponsor

    Abu Dhabi(News Desk):: The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), participated in the GTR MENA Conference as a strategic sponsor. The event was held in Dubai on February 18 and 19.

    The conference brought together more than 80 experts from the industrial and commercial sectors to discuss key economic issues, exchange insights on the latest trends, and explore opportunities in the industry. It also highlighted challenges facing the Middle East and North Africa markets, with an emphasis on the need to build new strategic relationships and engage with leading service providers in the region.

    Khalil Fadel Al Mansoori, Director General of Abu Dhabi Exports Office (ADEX), stressed the significance of ADEX’s role as a strategic partner, calling the conference an ideal platform to highlight ADEX’s vision, strategic goals, and contributions to the UAE’s export sector. He emphasized that the export of goods and services is crucial for the growth of the national economy and for strengthening the UAE’s connections to global markets.

    “Achieving this ambition requires a strong infrastructure and innovative partnerships,” Al Mansoori pointed out. “The Abu Dhabi Exports Office provides innovative financing tools to support UAE exports and works with institutions such as national banks and export credit agencies to enhance the competitiveness of the national economy and develop the country’s export sector.”The conference tackled various topics including enabling innovation, promoting sustainable development in different sectors, economic diversification, and the export sector’s role in supporting the national economy. Additionally, the forum explored the impact of partnerships on global trade.-END –

  • IMAN Developers unveils 15 Cascade Featured By Versace Ceramics, valued at AED 700 Million

    IMAN Developers unveils 15 Cascade Featured By Versace Ceramics, valued at AED 700 Million

    IMAN Developers unveils 15 Cascade Featured By  Versace Ceramics, valued at AED 700 Million

    Dubai(News Desk)::: IMAN Developers, a leading luxury real estate developer in Dubai, is proud to announce the launch of 15 Cascade, featured by Versace Ceramics, an exclusive mixed- use residential development valued at AED 700 million. Located at the gateway to Motor City, 15 Cascade seamlessly blends nature, design, and movement to offer a refined and dynamic living experience. With 442 meticulously designed units, the development is set to redefine contemporary luxury, featuring a striking architectural style inspired by the speed lines of the Dubai Autodrome and the organic flow of water.

    15 Cascade stands as a testament to IMAN Developers; commitment to innovation and design excellence. Its aerodynamic curves and fluid-structure exudes energy and dynamism that fits well with the aesthetic of Motor City, while its floor-to-ceiling windows and curved façade enhance the natural flow of light and space. Inspired by movement, the architecture integrates seamlessly with lush greenery and expansive water bodies, creating an urban retreat that balances vitality and tranquillity. The exclusive amenities and abundant landscaping further elevate the living experience, making 15 Cascade a sanctuary of sophistication and comfort.

    Mr. Ismail Marfani, Chief Executive Officer of IMAN Developers, expressed his enthusiasm for the project, stating,The launch of 15 Cascade, featured by Versace Ceramics, marks an exciting new chapter for IMAN Developers. With its distinctive design, inspired by speed, motion, and the elegance of natural elements, this development reflects our dedication to pushing the boundaries of modern architecture. We are delighted to use Versace Ceramics once again in the project, integrating their signature aesthetic into every detail of the project to create a residence that is both visually stunning and functionally superior.

    15 Cascade, Featured by Versace Ceramics, combines exceptional design with luxurious finishes, creating an unparalleled living experience. The interiors are crafted with high-end materials and meticulous attention to detail, offering a refined and elegant atmosphere. From the grand entrance to the private residences, each space embodies a seamless blend of luxury and modern sophistication.

    A spokesperson from Versace Ceramics, Francesco Lano, commented, Our collaboration with IMAN Developers on 15 Cascade is an embodiment of design excellence. The architectural vision behind this project perfectly aligns with Versace Ceramics’ commitment to sophistication, fluidity, and timeless luxury. We are thrilled to bring our design expertise to this extraordinary residence, shaping a unique and immersive living experience.
    With starting prices from AED 860,000, 15 Cascade offers a diverse selection of residences designed to accommodate modern lifestyles. The development features an array of thoughtfully designed units, including studios, one-bedroom and two-bedroom apartments, as well as three- bedroom residences with private pools.
    For those seeking even more exclusivity, 15 Cascade also offers three-bedroom pool duplexes, four-bedroom duplexes with private pools, and luxurious four-bedroom penthouses. Residents will have access to 70+ world-class amenities, including a 7,000 square feet beach edge pool,state-of-the-art sky-deck, wellness centres, rooftop clubhouse, spa and barbeque areas.Additional features such as a resort-style rooftop pool, lush, landscaped gardens, and dedicated fitness and relaxation areas further enhance the experience, creating a harmonious balance between luxury, convenience, and well-being.

    Strategically positioned at the entrance of Motor City, 15 Cascade offers residents the perfect balance of accessibility and serenity. Its prime location ensures seamless connectivity to key areas in Dubai while maintaining a peaceful living environment. With nearby retail, dining, and entertainment options, as well as direct access to major highways, residents will experience the ultimate convenience in urban living.
    With an expected completion date of Quarter 3, 2028, 15 Cascade, Featured by Versace Ceramics is set to become a defining landmark in Dubai’s real estate landscape. The project reflects IMAN Developers’ unwavering commitment to setting new standards in residential design and lifestyle experiences.
    For more information about 15 Cascade and IMAN Developers’ other projects, please visit
    www.imandevelopers.com.

     

  • Abu Dhabi Exports Office Grows Nine-Lender Finance Facility

    Abu Dhabi Exports Office Grows Nine-Lender Finance Facility

    Abu Dhabi Exports Office Grows Nine-Lender Finance
    Facility for Energy Trader BGN to More than $230m

    Abu Dhabi(News Desk):: Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB), leading a syndicate of nine UAE lenders, have successfully more than doubled anfinance facility for global energy trader BGN to $232.5 million. Originally set at $100 millionbwith a $120 million target, the oversubscribed facility marks a watershed in regional trade finance by incorporating an innovative Murabaha tranche to accommodate Islamic banks alongside conventional financing.
    In recent years, the UAEs robust trade finance sector has evolved into a highly sophisticated enabler for global players such as BGN, emboldening them to optimize capital and drive sustained growth. In 2024, UAE trade levels surged to an all-time high of $800 billion. Central to this economic vitality is the UAEs position as one of the worlds top oil producers, with the energy sector contributing approximately 30% to the country’s GDP. Furthermore, oil and gas exports account for nearly 13% of the UAEs total export value, reinforcing its fundamental role in the global marketplace.

    The expanded facility clearly reflects this strength, driven by the convening power and agile structuring spearheaded by ADEX and FAB. Abu Dhabi Commercial Bank (ADCB) also played a key role as Facility Agent for this collaboration, along with the National Bank of Fujairah, the Commercial Bank of Dubai, Mashreqbank, the Arab Bank, the National Bank of Ras Al Khaimah, Emirates NBD Bank, and Ajman Bank.
    To commemorate this milestone, a signing ceremony was held in Abu Dhabi. Khalil Al Mansoori, Director General of ADEX; Rüya Bayegan, Group CEO of BGN; and senior representatives of all banks involved formalised the agreement.

    His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD and Chairman  of the Exports Executive Committee of ADEX, said: “This landmark cooperation, facilitated by ADEX, underscores the UAE’s leadership in designing financial frameworks that revolutionise international trade. By seamlessly integrating both conventional and Islamic banks into a single, innovative financing structure, ADEX is supporting the UAE’s dynamic trade finance ecosystem, solidifying our nation’s position as a competitive global hub for commerce. This alliance sets a new standard for cross-border financing, propelling the UAE
    to the forefront of the evolving financial landscape.”
    “This expanded RCF demonstrates the UAE financial sectors robust confidence in BGNs
    strategic role within the regions energy trading complex. The flexible terms and innovative structure of this facility provide a welcome addition to our diversified international liquidity base. We are committed to further strengthening financial partnerships in the GCC, and in other regions, to empower our global business expansion and trading growth,” said Rüya Bayegan, Group CEO of BGN.
    The oversubscription of the BGN lending facility highlights ADEX’s growing influence in catalysing trade finance solutions that boost the UAE’s economy through coordinated local action, in close collaboration with banking partners. HFW, legal counsel for BGN, and Reed Smith, legal counsel for the lenders, advised the transaction.(-END-)

  • Kazakhstan Stock Exchange JSC (KASE) Goes Live on Tabadul Platform

    Kazakhstan Stock Exchange JSC (KASE) Goes Live on Tabadul Platform

    Kazakhstan Stock Exchange JSC (KASE) Goes Live on Tabadul Platform

    Abu Dhabi(News Desk):: Almaty hosted an international conference organized by Kazakhstan Stock Exchange JSC (KASE) dedicated to the Exchange joining the international trading platform Tabadul Hub. KASE is the the sixth stock market to join Tabadul.
    In August 2024, KASE and KASE Clearing Center JSC (KACC) officially signed an agreement on their work in the Tabadul Digital Exchange Hub. Tabadul was launched by ADX in July 2022 as the regions first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access access shares of companies in various sectors including banking, finance, energy and telecommunications.
    This cooperation opens up new opportunities for cross-exchange trading between participants and strengthens the strategic partnership between the two exchanges. In addition, KASE joining Tabadul Hub will optimize trading processes and enhance investment opportunities for market participants by providing access to over 490 listed securities traded on both exchanges for duty-free cross-exchange trading.

    In 2024, four new exchanges joined the Tabadul digital exchange platform, significantly expanding
    ADX’s global footprint. The platform now connects eight exchanges, providing ADX investors access to 490 listed companies and a network of over 7.6 million investors. With a combined market capitalization of nearly USD 1 trillion, Tabadul has become a key driver of cross-border investment opportunities. Trading values on the platform reached approximately USD 200 million in 2024, representing a remarkable 317% growth compared to the previous year.
    Tabadul represents an important step towards building a sustainable economy in the region and
    beyond, offering investors a wide range of trading opportunities across all member exchanges. The
    platform is available to all investors registered with local brokers who meet the requirements of the
    exchanges. Brokers also gain access to IPOs on all participating exchanges.
    KASEs joining Tabadul Hub expands investment opportunities for participants of Kazakhstans
    financial market. Operating in Tabadul Hub will increase liquidity and attract more foreign investors,
    both private and institutional, to Kazakhstan. Kazakh investors can now trade foreign securities on
    exchanges connected to Tabadul Hub, including Abu Dhabi Securities Exchange (ADX), Bahrain Bourse (BHB) and Muscat Stock Exchange (MSX). The connectivity of other international exchanges is ongoing.  Now it is possible to settle transactions through KACC in Kazakhstani tenge; said Alina Aldambergen, Chairman of the Board of KASE.

    Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, stated We are pleased to officially welcome Kazakhstan Stock Exchange (KASE) to the Tabadul digital exchange platform, marking a key milestone in expanding cross-border investment opportunities. With KASE now on Tabadul, ADX investors gain broader international market access at no additional cost. This reflects our commitment to fostering innovation and strategic partnerships to build a globally connected financial ecosystem. The rise in Tabadul trade volumes in 2024 is a testament to the success of these efforts.
    Joining Tabadul Hub opens new horizons for Kazakhstani investors, allowing them to increase access to financial instruments and improve the efficiency of international operations.

    – Ends –