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publié le 5 April 2010

Saipem awarded new offshore contracts worth approximately €700 million

[#In Kazakhstan, Saipem has been awarded by Agip KCO the extension of the contract assigned in 2005 (or previously assigned) for the installation of the offshore facilities system relating to the experimental phase of the Kashagan field development programme (‘Kashagan Piles and Flares’).#]

[#The Kashagan field is located in the northern part of the Caspian Sea, for the production of crude oil and associated gases by an artificial offshore facilities system denominated Block D and Block A and is characterised by very shallow water, severe weather, stringent environmental restrictions alongside the lack of infrastructure for the offshore industry, making the project complex and challenging. The contract, which has been extended to December 2010, encompasses the fabrication, assembly, transport and installation of the flares and of the piles sustaining the offshore structures, along with the installation of 14 module barges. Included in the scope of work are also the procurement, fabrication and installation of associated mooring, protection and interconnection structures. The offshore activities are executed by the vessel Ersai 1, a construction barge built specifically for the scope of the project. The piles and flares are fabricated in the Ersai’s Kuryk yard in Kazakhstan, in which Saipem has a participation of 50%.

In the United Kingdom, Saipem signed with ConocoPhillips Petroleum Company U.K. Ltd. the contract for the installation of three platforms for the Jasmine Development Project. The Jasmine field is located in the U.K. sector of the central North Sea, about 240 km south-east of Aberdeen. The scope of work encompasses the engineering, project management, transportation and offshore installation of three platforms and related interconnection structures, in a water depth of approximately 80 metres. The platforms will have an overall weight of about 7,100, 11,600 and 11,700 tons, respectively. The offshore installation will be performed by the vessel Saipem 7000, in different time frames during 2011 and 2012, and will be completed in the third quarter of 2012.

In Norway, Saipem has been awarded by ConocoPhillips Skandinavia AS the contract for the installation of two platforms as part of the Greater Ekofisk Area Development project (GEAD). The contract encompasses the engineering, project management, transportation and offshore installation of two platforms and related interconnection structures in the Ekofisk Centre Field, located in the southern part of the Norwegian sector of the North Sea, in water depths of between 70 and 80 metres. The two platforms will have an overall weight in excess of 15,000 and 16,000 tons, respectively. The offshore installation will be performed in 2012 and 2013, in different time frames, by the vessel Saipem 7000 and will be completed in the third quarter of 2013.

Furthermore, Saipem has agreed with its clients various increases in the scope of its work on existing offshore contracts in West Africa.#]

publié le 12 October 2011

Aviation: Dubai Airshow looks at 10% growth

press release

Running from 13 to 17 November 2011 at the city’s Airport Expo, the Dubai Airshow will be the biggest yet, attracting more than 55,000 trade visitors, an almost four percent increase from the previous show in 2009.

[#Alison Weller, Managing Director of F&E Aerospace, was addressing a press briefing on the airshow, and explained: “The main objective of the Dubai Airshow is to provide a platform for exhibitors to network with the aerospace industry and market here in the Middle East. As the show grows and develops, this expands and now 20 percent of our visitor attendance comes from outside the region.

“It has become a global forum for the Middle East aerospace market and once every two years it provides a window highlights the achievements, progress and buying power of the region.”

She went onto outline the area of the Dubai Airshow, which, at more than 325,000sqm, makes it the largest trade show in Dubai and, in addition to covering three exhibition halls, includes 103 chalets, 11 pavilions and a large static aircraft display area for up to 100 aircraft of varying types and sizes.

Innovation is also necessary to sustain growth, stressed Weller and she outlined new activities for November’s Dubai Airshow. “As a platform for the industry, we are offering opportunities for participants to address key issues, create debate and highlight the UAE’s achievements. To this end, we have developed three new initiatives: first and foremost, we are celebrating the country’s 40th anniversary. Following on from that, we are launching ‘Futures Day’, in co-operation with Rolls-Royce as Gold Sponsor and Boeing and Dubai Air Navigation Services (DANS) as Silver Sponsors. We are billing the last day of the show as Futures Day and inviting a number of the nation’s youth, in order to help build the next generation of aviators.

“To complement this initiative, we are holding the first-ever Gulf Aviation Training Event. The GATE conference will bring together recruitment policy-makers to find solutions to the looming shortage of flight crew in the Middle East, led by keynote speakers, Captain Randolph Babbitt, Administrator of the US FAA, and William Voss, CEO of US-based Flight Safety Foundation.”

While Weller could not announce any aircraft orders beforehand, she did unveil a number of aircraft which will be present at the show: The Bell/Boeing V-22 Tilt Rotor, a unique aircraft that can perform both vertical take-off and landing and short take-off and landing; and the MA600, manufactured by China’s Xi’an Aircraft Industry Co. Ltd. The 60-seater will be seen for the first time outside of China.

For the first time ever, and reflecting the 40th anniversary of the UAE, the flying display will open with the country’s own aerobatic team – Al Fursan – which will fly Alenia Aermacchi aircraft. The display will also feature the Patrouille de France aerobatic team, flying the Alpha jets.

This year’s event will, once again, be the platform for state-of-the-art technical demonstrations, plus aircraft on the static park display.

The static park will display an F18, F15, C17, C-130J and an Apache MH-60 from the US government and an array of business jets from companies such as Gulfstream, Bombardier and Cessna.

Helicopters are also making a big appearance at this year’s show, with companies such as Russian Helicopters, Sikorsky, Bell and MD Helicopters, plus Quest, who will be launching the first-ever helicopter programme to be built in the UAE.

The Dubai Airshow is organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of the UAE and Ruler of Dubai, and in co-operation with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces.#]

publié le 2 March 2014

Dubai: 4th Annual Investment Meeting (AIM) to highlight role of foreign direct investment in emerging markets

press release

The Annual Investment Meeting (AIM), the region’s leading economic event focusing on foreign direct investment (FDI), organized by the UAE Ministry of Economy, will highlight the role of FDI in the Arab and regional economies with a special focus on emerging markets.

Expected to attract 10,000 investors during the three day-event, AIM will discuss various economic issues related to emerging markets, mainly in the areas of services, transport and infrastructure, among others.

H.E. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy said: “The 4th edition of AIM has succeeded in attracting representatives from 73 countries so far, which proves its position as the leading annual economic event in the region. Many counties from outside the region are also participating which reflects the rising importance of the event on the global front. The Middle East is among the top consuming regions globally, with a high spending power compared to western countries.”

“It is clear that the local economy is witnessing a steady transformation from major dependence on the oil sector to a more diversified economy, which will secure sustainability in the long run. The results are already visible across various sectors, mainly, trade, tourism, entertainment, services, communication plus many other vital sectors. This is part of the UAE government’s vision in facilitating foreign investment by introducing laws and legislations that secure foreign investors rights and provide high ROI, considered among the highest in the world.”

The UAE has seen a series of new laws and legislations before and after the announcement of the successful Expo 2020 bid that covered various sectors, part of which are the licensing and classification of hotel establishments in Dubai and the set of regulations on mortgage lending issued by the Central Bank of UAE.

Mr. Dawood Al Shezawi, CEO, AIM’s Organizing Committee, said: “These regulations have contributed, along with many others, in creating an ideal investment atmosphere that will attract foreign investors. This has also encouraged overseas companies to allocate more investment allocation to the UAE market.”

Al Shezawi added: “AIM will discuss these topics, along with others, through numerous various seminar sessions focused on raising awareness of foreign direct investment and its role in allowing a sustainable economic boom. The next edition of AIM presents a pool of interests for investors and we expect the turnout of visitors to be very high.”

The Annual Investment Meeting 2014 will attract the best international practices across various investment sectors. The event has also attracted strong governmental and private sector participation bringing decision makers and economic players under one roof.

publié le 5 February 2011

GOURMET ABU DHABI 2011 TAKES OFF IN STYLE

[#Gourmet Abu Dhabi – the annual 16 day culinary festival which has put Abu Dhabi on the international gourmet map – took off for its 2011 edition with a gala opening at the Fairmont Bab Al Bahr. HH Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman of Abu Dhabi Tourism Authority (ADTA), which presents the extravaganza, led the symbolic opening flanked by ‘stars’ from the festival’s stellar masterchef cast.
#]

[#A packed ballroom of guests were introduced to some of the ‘stars’ of the show including celebrity chef James Martin who said he was really impressed with the UAE capital and was looking forward to making a pit stop at Ferrari World Abu Dhabi after his one-night-only dinner at the Crowne Plaza Yas Island.

Sheikh Sultan and guests then toured a host of beautifully designed food stalls where the host restaurants laid out samples of their best fare.

This year’s festival , which runs until February 17, features 57 events across 29 restaurants in 14 of the emirate’s leading hotels with a cast of 17 international masterchefs with 22 Michelin stars and three Chef’s Hats between them. Around 8,000 guests are expected to attend.

Gourmet Abu Dhabi bookings can be made by emailing: info@gourmetabudhabi.ae#]

publié le 17 January 2010

Holiday Inn Dubai - Al Barsha Hosts an Exclusive Evening for Corporate Clients

[#Holiday Inn Dubai - Al Barsha hosted a beautiful cocktail party to thank its corporate clients for the support provided to the hotel since its opening.#]

[#Despite the turbulent market conditions the entire hospitality industry faced since mid-2008, the Holiday Inn Dubai Al Barsha property saw a successful year in 2009, with healthy occupancy numbers and a strong current of corporate guests flowing in.

It was these corporate guests which provided strong support for the hotel, and in turn the management of the property decided to thank each of the corporate clients by inviting them to an exclusive cocktail evening held in the elegant Lobby Lounge.

With corporate guest bookings already looking positive for the opening months of 2010 at the hotel, it is a highly important stream of business for Holiday Inn Dubai - Al Barsha.

Long lasting relationships with these clients is something the hotel wishes to secure, to the benefit of both the hotel and the guests.

Mr. Reda Mukhtar, General Manager explained: “Obviously for us it’s great to have satisfied guests coming to do business in our hotel repeatedly.

“But it’s also of great advantage to the companies which choose us, as it enables the hotel to provide more benefits to the clients so they experience even greater levels of service”.

“The stronger the relationship then the better we can get to know the individual requirements of every client, so we can help to provide an even more complete experience,” he added

In addition to 310 modern and superbly appointed rooms and finest amenities, Holiday Inn Dubai - Al Barsha offers first-class facilities for meetings and conferences for business travellers, including seven conference and meeting rooms, all featuring flexible room layouts.

State-of-the-art meetings equipment is provided, with overhead projectors, CD and DVD players and a host of extra equipment available to be hired at additional cost.

Full delegate packages including all day refreshment and food are available at highly competitive rates, and all of the top class restaurants and bars can be used for a different and informal setting for a corporate get-together.#]

For more information please visit:
www.holidayinn.com or www.hialbarshadubai.com

For media contact:
Hina Bakht
Vice President
MPJ (Marketing Pro-Junction)
Mob: +971 50 6975146
h.bakht@mpj-pr.com

publié le 11 May 2008

Morocco: Real-estate fair kicks off in Paris, honors Tangiers, Tetouan

The Fifth edition of the Moroccan real-estate fair (SMAP IMMO) kicked off Friday in the French capital with the aim of meeting the growing demand of Moroccan expatriates, but also of French and European buyers in terms of real estate.

The four-day event, which honors Tangiers and Tetouan, gathers real-estate institutions, operators and banks, and offers a myriad of products ranging from low-cost housing to high standing residences.

Launched in 2004 for Moroccan expatriates, SMAP IMMO attracts today an international clientele encouraged by the quality and the diversity of the real-estate market in Morocco, a welcoming weather, the quality of life and a particularly advantageous tax system that Morocco offers, especially for retirees.

The 2007 edition witnessed a record turnout of 41,000 visitors.
Source: MAP

publié le 26 May 2015

The Middle East investment in space continues to grow as the region marches towards its vision for a science and knowledge-based economy.

Press release

National investment in space technology is continuing to grow, as the UAE seeks to develop a long-term strategic plan for a solid and sustainable foundation for advanced space innovation and exploration. All of which is expected to aid the growth of science and knowledge based economy. Compared to the USD$300 billion international space industry, the UAE’s investment in space technology is already substantial exceeding AED 20 billion (USD 5.44 billion). Leading industry experts from around the world will meet in Dubai at the Global Space & Satellite Forum (GSSF) in May to discuss how commercial space and satellite technology is creating new economic, social and educational benefits for nations globally.

The forum will discuss topics such as space technology applications, innovative solutions; low-cost satellite developments such as macro and nano satellites; and how satellite systems are improving lives – ranging from life-saving developments in the field of disaster management to the delivery of entertainment media via handheld consumer devices.

Taking place from 26 - 28 May 2015, the forum, which is organised by Streamline Marketing Group (SMG), is a result of the close collaboration with the UAE Space Agency and Emirates Institution for Advance Science and Technology.

H.E Dr Mohammed Naser Al Ahbabi - Director General of the UAE Space Agency said: “We look forward to taking part in debating the key developments in space technology at the Global Space & Satellite Forum 2015.”

“We expect this forum to provide an arena that will showcase the competing commercially self-sustaining space programmes which are emerging as a direct result of new space technology trends, leading a new era of space utilisation similar to the one which paved the way for commercial aviation in the first half of the last century. Key to this, we believe, is the development of innovative space technologies and applications, some of which will enable low cost access to space and the emergence of affordable space exploration and human presence in space.”

The UAE Space Agency was established in July 2014 with an aim to develop the UAE’s technical and intellectual capabilities in space technology and leading the region’s entry into the era of space exploration.

“The UAE leadership has made the bold decision and firm commitment to keep our country at the forefront of this new space revolution by announcing the establishment of the UAE Space Agency and the UAE’s own mission to explore Mars. The newly set-up UAE Space Agency will send a clear message to the world affirming our status as a space-faring nation in which the space sector is playing a major role in the country’s sustainable economic development and growth,” concluded AlAhbabi.

With an investment exceeding USD 5.44 billion in commercial and scientific space projects the UAE is steadily progressing towards becoming a truly international player within the space sector. The investment in space technologies are shared among several companies and space programmes including Satellite Communications Companies Yahsat, Thuraya and the Emirates Institution for Advanced Science and Technology (EIAST) who lead the DubaiSAT 1 and 2 programmes.

H.E. Yousuf Hamad AlShaibani, Director General of EIAST said: “It gives me great pleasure to welcome the Global Space & Satellite Forum to Dubai in 2015 and also announce our participation at the forum as a Host Partner. The forum has grown significantly in strength, attendance and importance since it first launched in 2008. We have also been extremely fortunate to have active and generous support from the UAE leadership and UAE Space Agency.”

“Under the guidance of His Highness Mohammed bin Rashid Al Maktoum, EIAST has continued to fulfil its high level objectives and play a major role in space and satellite technology. This forum will explore a wide range of issues facing the global space and satellite sector, which is what makes it THE industry event to attend. Everything from Earth Observation, Remote Sensing and Small Satellites to Launch Systems, Space Exploration and the latest Research,” added Al Shaibani.

Developing solid space foundations and applications has proven its positive impact on improving the quality of life worldwide and on global economic growth, with benefits that extend beyond the borders of the space faring nations.

Biju Saith, Project Director from SMG said: “We have witnessed great success stories in the past which have emerged as a result of healthy informative discussions and debates by leading experts and decision makers in the Space sector during our previous GSSF events. The most important and challenging of which were the panel sessions on the value and benefits of having a regional Space Agency. That we hope has contributed toward providing an honest and realistic picture of what should be the expectations from having such a high profile Space organisation and the advantages that it can bring to the region.

“A major theme in our forthcoming GSSF event will be to provide a platform for the UAE Space Agency to showcase its aspirations and ambitious plans for developing the UAE Space sector. The Forum will also facilitate the gathering of space experts from specialist scientists and engineers who will present the latest scientific and technological achievements that humankind has made in its endeavours to understand the Red Planet, hence, we are looking forward to understanding the future plans that lie ahead, including those of the human exploration of Mars.”

publié le 11 September 2010

World Economic Forum on the Middle East and North Africa, 26-28 October Marrakech

[#The 2010 World Economic Forum on the Middle East and North Africa will take place on 26-28 October in Marrakech, in partnership with the Government of Morocco.#]

[#
Under the theme "Purpose, Resilience and Prosperity", the meeting will gather the foremost leaders from business, government and civil society to renew the region’s growth and development strategies in the context of pressing global risks, including oil price volatility, water scarcity and migration.

Particular attention will be paid to sovereign wealth and its heightened focus on regional engagement in such pivotal areas as renewables, health and social systems, infrastructure development and technology readiness.

The prospects of the Middle East and North Africa will be examined in view of new modalities for trade and investment across the Mediterranean and with sub-Saharan Africa, as well as the region’s evolving relationships with the United States and Asia.
#]
The programme of the meeting will revolve around three core workstreams:
Regional Responses to Global Risks
Unlocking Sustainable Growth
North Africa: New Business Geographies

Co-Chairs
Anass Alami, Director-General, Caisse de Dépôt et de Gestion (CDG), Morocco
Shyam Sunder Bhartia, Chairman and Managing Director, Jubilant Bhartia Group, India
Brian Duperreault, President and Chief Executive Officer, Marsh & McLennan Companies Inc. (MMC), USA
Carlos Ghosn, Chairman and Chief Executive Officer, Renault-Nissan Alliance (France and Japan), France; Member of the Foundation Board of the World Economic Forum
Lubna S. Olayan, Deputy Chairperson and Chief Executive Officer; Olayan Financing Company, Saudi Arabia; Chair, Arab Business Council
David M. Rubenstein, Co-Founder and Managing Director, The Carlyle Group, USA

WEF

publié le 30 March 2014

ABU DHABI AIR EXPO 2014 GENERATES AED 5 BILLION IN SALES

press release

Abu Dhabi Airports reported today that the total value of sales at Abu Dhabi Air Expo 2014, the region’s only general aviation exhibition, reached in excess of AED 5 billion, 35% higher than the sales generated at last year’s exhibition. The successful show, which ran from 25th to 27th February in its third year, also saw a 30 % increase in attendance, with 16,900 visitors and 175 exhibitors from local, regional and international companies participating.

The exhibition was held under the patronage of H.H. Sheikh Hazza Bin Zayed Al Nahyan, National Security Advisor, and Vice Chairman of Abu Dhabi Executive Council, and was opened by His Excellency Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman of Department of Transport Abu Dhabi and member of the Executive Council. The exhibition was also attended by H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan, member of Abu Dhabi Executive Council, and H.E. Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development, and H.E. Sheikh Hamdan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, and various other prominent figures from the UAE and the region.

Various sales in general aviation were made at the show which reached in excess of AED 5 billion AED, and included:

· 10 sales by Aeroprakt, the ultralight planes manufacturer

· Sale of 3 new SR22 Cirrus Aircraft with GCC specification

· More than 10 sales by AutoGyro, the German Gyro Copter announced

· Sale of 3 aircraft (P2010 and P2008) by Tecnam

In addition to the sales of aircraft and other related equipment, several other important commercial developments and announcements were made during the Air Expo which included:

· The Gulf Civil Aviation Authority (GCAA) entered into an open skies agreement with Hungary.

· Falcon Aviation Services (FAS) officially opened its newly constructed 106,000 square foot authorized Embraer Service Centre, making it one of the largest Executive Maintenance & Repair Operations (MROs) in the Middle East.

· FAS also signed a letter of intent with Bombardier for the delivery of up to two C Series aircraft.

· Royal Jet, the Abu Dhabi-based international luxury flight services company, announced that the planning and development of its integrated base at Al Bateen Executive Airport is well underway with first phase completion targeted for Q4 2015.

· Abu Dhabi Aviation, the largest helicopter operator in the Middle East, entered into a strategic partnership with Agusta Westland for the supply of helicopter spare parts and maintenance services.

· Abu Dhabi Aviation also announced the delivery of the first AW139 simulator in the region, and the establishment of a specialized civilian helicopter training centre.

More than 1,250 students from various colleges and institutions in Abu Dhabi were also welcomed to the show, to find out what the aviation industry has to offer the next generation. This included an orientation of the industry provided by Gulf Centre for Aviation Studies (GCAS), along with a tour of its state of the art training facilities.

H.E. Ali Majed Al Mansoori, Chairman of Abu Dhabi Airports, said: “Abu Dhabi Air Expo goes from strength to strength, with over 60% more visitors attending compared to the first exhibition two years ago. The show has thus rapidly established itself as the main industry event within the region in the global aviation calendar. We are delighted that so many exhibitors were able to showcase their products and services at such an iconic and high profile event.”

“Abu Dhabi Air Expo’s status as the region’s only dedicated private airport is consistent with our broader objective to become a leading global transportation hub. The excellent progress we are making at the Midfield Terminal Complex dovetails perfectly with the growth of Abu Dhabi Air Expo and gives us great confidence for the future” added Al Mansoori.

Visitors to the show were able to enjoy the “Paper Planes” Art Exhibition by H.H. Al Yazia Bint Nahyan Bin Mubarak Al Nahyan at the Gulf Centre for Aviation Studies (GCAS) facility in Al Bateen Executive Airport. The series of art work displayed was from H.H.’s ‘Spontaneity Series’, with a focus on spontaneity and how aviation imparts a sense of freedom.

Visitors to the show were also treated to a daily air display performed by Al Fursan Aerobatic team and Emirates Sky Diving team along with a daring display by the famous Captain Zoltan Veres, owner of five ‘Guinness Book of World Records’ in aerobatic displays.

publié le 20 October 2010

Abu Dhabi and Siemens Intensify Alliance Through a Strategic Partnership with Masdar

Press release

Masdar, Abu Dhabi’s renewable energy initiative, and Siemens signed an agreement establishing a long term strategic partnership. Siemens will implement an innovative power grid combined with advanced building technologies in the first phase of Masdar City.

[#This will serve as both an energy efficient power solution and a living R&D platform. The partnership also covers collaboration in the field of Carbon Capture and Storage (CCS) which will involve research and development with the Masdar Institute. Siemens will establish an anchor presence in Masdar City, housing their Middle East Headquarters, a Centre of Excellence in Building Technologies and other initiatives including a Leadership Development Centre. The Centre of Excellence will begin R&D activities on the ground at Masdar City in 2010. “Masdar is a global pioneer in clean tech initiatives. We are proud to be the strategic partner for this groundbreaking project,” said Peter Löscher, President and Chief Executive Officer of Siemens AG. “It also highlights our strong relationship with Abu Dhabi and the United Arab Emirates.”

“It also highlights our strong relationship with Abu Dhabi and the United Arab Emirates.”

As part of the agreement, Siemens will provide integrated building automation technologies and jointly develop smart grid applications for the initial phase of Masdar City that will optimize energy consumption in the City. This living R&D facility will collect user data and consumer reaction to shape product design and automation while supporting Masdar City to achieve their energy efficiency targets.

The energy solution will function by integrating several Building Management Systems (BMS) and vertically linking them to an advanced energy Distribution Management System (DMS). By joining a number of buildings and consumer types (residential, commercial and educational), across a “district” BMS, Masdar and Siemens will be able to track and influence energy consumption in innovative ways. By connecting this “district” BMS to the DMS, the ability to implement end-to-end demand response from the utility direct to consumers will be created.

“Partnering with technology leaders such as Siemens to create a clean-tech and R&D hub at Masdar City is what Masdar is about. As we build out Masdar City, we are constantly looking to keep pace with technology innovations. We are pushing the frontiers of science, technology and engineering to not only redefine sustainable urban development but also to create a thriving R&D centre that will help turn Abu Dhabi into a technology developer and exporter. Both our companies share and support this vision for Masdar City,” said Dr. Sultan Al Jaber, Chief Executive Officer of Masdar.

In addition, Siemens will collaborate with Masdar and the Masdar Institute to optimize the technical and economic aspects of environmentally friendly post-combustion Carbon Capture and Storage (CCS) . CCS technologies capture carbon dioxide (CO2) from sources such as fossil fuel power plants and preventing the release of emissions into the atmosphere by using the CO2 for Enhanced Oil Recovery or permanently storing the CO2 in geological structures such as oil reservoirs or deep saline acquifers.

The research and development aspect of the partnership with the Masdar Institute is Siemens’ largest global investment of its kind with a science and technology organisation. It comprises a long term R&D program for Smart Grid, Smart Buildings, and Carbon Capture and Storage and will manifest itself in grants, scholarships and educational programs for the advancement of the knowledge economy in the United Arab Emirates.

The Siemens Middle East Headquarters facilities in Masdar City will showcase the latest energy efficient technologies developed by the company and when complete, will accommodate a staff of almost 2,000 specialists.

The company plans to occupy 18,000sqm that could be extended to a total of 25,000sqm in the longer term. In the first phase, Siemens will lease 12,000sqm of space which is expected to be complete in the first quarter of 2013. The facilities will host major corporate facilities including a Centre of Excellence for Smart Buildings and a Leadership Development and Conference Centre for both customer and corporate use. “Siemens’ presence is a valuable addition to the Masdar City eco-system of industry leaders interested in developing advanced technologies, sustainable architecture and energy efficiency,” said Dr. Sultan Al Jaber, Chief Executive Officer of Masdar.

This strategic framework agreement marks a major enhancement to the existing relationship between Masdar and Siemens where the German company is a major investor in the Masdar Clean Tech Funds I and II.

Energy-efficient and resource-conserving technologies are part of the Siemens Environmental Portfolio, with which the company posted revenue totalling more than EUR23 billion in fiscal 2009. That is equivalent to about a quarter of the company’s total revenue and makes Siemens the world’s leading provider of infrastructures for eco-friendly technology.#]

publié le 1 April 2014

Abu Dhabi International Airport posts 15.6% increase in February 2014 passenger traffic

Abu Dhabi Airports has reported a 15.6% increase in passenger traffic during February 2014 at Abu Dhabi International Airport, as compared to February 2013.

The airport’s passenger statistics showed that 1,411,881 passengers used the airport during the month, growing from 1,221,686 during the same month a year ago. Aircraft movements increased to 11,174 in February 2014, recording 12.2% growth when compared with 9,960 movements logged in February 2013.

Cargo activity handling rose to 56,902, representing a 13.8% increase when compared to February 2013.

Commenting on the traffic report, Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, said: “The year 2014 is anticipated to be another record year for Abu Dhabi International Airport as the airport continues to register double digit growth in passenger traffic.”

“Such momentum will have no doubt its challenges in terms of capacity management, quality assurance, and efficiency. In spite of that, Abu Dhabi Airports is determined to continue provide and implement innovative solutions to ease the travel experience of passengers until the MTB is opened in 2017 to introduce new meaning to modern day travel.”.

Within the next few years, over 20 million passengers are expected to use Abu Dhabi International Airport as their origin, destination or transit point. The Midfield Terminal Building (MTB), Abu Dhabi Airports’ iconic expansion project, is being constructed to handle increasing passenger traffic. The project features one of the largest terminal buildings in the world spread over a space of 700,000 square meters and holds mega arches that span to 180 meters at its longest and up to 52 meter high at its highest point, to offer a spectacular open space guaranteed to give visitors a unique travel experience. The MTB will also presents a space of 28,000 square meters of duty free shops and restaurants and provide an initial capacity of 30 million passengers per year.

The top five routes from Abu Dhabi International Airport during February were Bangkok, Jeddah, Doha, Manila and London Heathrow.

For more information, please visit www.adac.ae or follow us on Twitter: @AUH.

You can also follow Abu Dhabi Airports on Instgram: @abudhabiairports; LinkedIn: http://linkd.in/1b0VuqK; or, subscribe to our YouTube channel: http://youtube.com/user/AUHAirport.

publié le 10 June 2015

Abu Dhabi International Airport sees 15.5% increase in traffic for April 2015

press release

Abu Dhabi, United Arab Emirates: Abu Dhabi Airports today announced that passenger traffic at Abu Dhabi International Airport increased by 15.5% in April 2015 as compared to April 2014.

The airport’s passenger statistics showed that 1,871,337 passengers used the airport during the month, growing from 1,620,324 in April 2014. Aircraft movements increased to 14,211 in April 2015, recording 14.4% growth when compared with 12,420 movements logged in April 2014.

Cargo handling activity rose to 71,650 tonnes representing a 19.3% increase when compared to 60,059 tonnes in April 2014.

Commenting on the latest passenger figures, Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, said: “Abu Dhabi International Airport continues to maintain double-digit growth in passenger traffic, aircraft movement and cargo activity every month, making the airport one of the fastest growing aviation hubs in the world. Key drivers for passenger traffic growth last month include: increased activity by Etihad Airways’ new partner airlines namely Air Berlin, Jet Airways and Air Seychelles to cater for high demand during the holiday season; addition of 4 new routes (Madrid, Poona, Vince and Entebbe in Uganda) by Etihad Airways and Alitalia and increase in the number of flights to Jeddah for the Omrah season presented by Saudi Airline.

The addition of two new routes at the end of March: South African Airways launching inaugural route to Johannesburg and Alitalia adding Milan and Venice as new destinations also had a positive impact.

“We continue to focus on ensuring that the passenger’s journey begins and ends as smoothly and comfortably as possible through striving towards delivering optimum services and facilities” Al Haddabi added.

In April 2015, the top five routes from Abu Dhabi International Airport were London Heathrow, Bangkok, Manila, Doha and Bombay. The top five routes accounted for 16% of all traffic last month.

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH;

Instagram: http://instagram.com/abudhabiairports;

LinkedIn: http://linkd.in/1b0VuqK;

YouTube channel: http://youtube.com/user/AUHAirport

Facebook: http://facebook.com/

Web sites: www.adac.ae, www.adacmediacentre.com

publié le 10 September 2013

al khaliji appoints Qataris in leadership roles

Al Khalij Commercial Bank (al khaliji) Q.S.C. focuses on developing and growing Qatari nationals within the organization and has recently appointed a number of Qataris in senior management positions. This step confirms the Bank’s commitment to Qatar’s National Vision 2030 and to increasing the reliance on talented Qataris to take on leadership roles in the Banking Sector.

Commenting on these executive appointments, al khaliji’s Group Chief Executive Officer Robin McCall said, “al khaliji’s growth relies on the extent of our commitment to being the employer of choice, especially for Qataris. We are pleased to see a healthy balance between our external recruitment strategy which brings fresh experience and internal human capital development strategy, both of which will contribute to the Bank’s overall growth.”
Rana Al Asaad, Head of Premium Banking and Branches, possess 16 years of banking experience. Rana progressed in her past roles from a branch manager to head of Branches for Consumer and Corporate Banking customers, and reached Senior Vice President Position in her past role. In al khaliji, Rana will participate in developing al khaliji’s Personal Banking strategy through a focused Premium and Private banking approach. Rana is talented in providing customized financial solutions to high net worth clients, their families and businesses. She has expertise in branch management and displays deep knowledge of the industry.
Najla Moosa has joined al khaliji as Head of Premium Partnerships and Mortgages. In her 15 years of banking experience, she worked in a number of positions and has built a strong background and deep understanding of Premium customer relationships. Najla will be managing and developing key areas of the bank’s growth strategy for Premium Banking.
Hamad Al Kubaisi, Group Head of Human Resources said, “We are committed to recruiting, developing and retaining Qatari nationals. The new appointments are a reflection of our commitment to Qatarization and to the value we place on hiring home growth local talent.” He further added, “We aim to contribute towards the creation of an innovative Qatari workforce, as part of our commitment to meet the human development pillar of the Qatar Vision 2030. I am convinced that these talents will become Qatar’s future banking generations.”
al khaliji is committed to strengthening its Qatarization program and reach out to qualified nationals and highlight to them the excellent career opportunities available in the Bank.

For more information about al khaliji careers please visit www.alkhaliji.com

al khaliji is Qatar’s pioneer “next generation bank”, offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange since 2007, with QR 32.6 billion in total assets and QR 18.6 billion in customer deposits as of June 30, 2013.

Al Khaliji France is al khaliji’s subsidiary in Paris, France, with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services.

al khaliji products and level of service reflect the Bank’s belief that to be a successful financial institution, the Bank must meet the needs of both this generation and future generations of employees, customers, investors and business partners.

al khaliji was awarded with a positive Fitch Rating. With a Long Term Issuer Default Rating of ‘A-’ and a Short Term Issuer Default Rating of ‘F2’, this facilitates streamlined access to resources all over the globe.

Achieving financial objectives is critical to sustaining prosperity in any market, at al khaliji long-term sustainability is maintained by balancing the commitment to achieving results with the commitment towards the development of people and the community.

Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.

publié le 27 May 2012

al khaliji upbeat on the state of the Qatari real estate sector

[#His Excellency Sheikh Hamad Bin Faisal Bin Thani Al-Thani, Chairman of the Board of Al Khalij Commercial Bank (al khaliji) QSC, delivered an optimistic outlook on the Qatari real estate sector to a packed audience at Qatar’s first Cityscape conference on May 23rd. HE Sheikh Hamad delivered the keynote address on behalf of the bank, which is supporting the event as Platinum Sponsors.#]

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[#“Despite a slowdown in the Qatari market [during the crisis in 2008], the country emerged relatively unscathed as compared to many economies” said His Excellency. “The resilience shown by the real estate sector in Qatar, as well as by the financial institutions, was primarily due to wise and sound decisions taken by the government and the Qatar Central Bank. In contrast to the experience globally, and regionally, financing by Qatari banks to the local real estate sector grew more than two fold from October 2008 to April 2012. And the future of the real estate sector looks extremely promising… [with the advent of the FIFA World Cup in 2022, and the country being guided by Qatar’s National Development Strategy].”

With the expected growth in the real estate sector, al khaliji is viewed as a bank of choice for developers seeking financing of their projects. HE Sheikh Hamad indicated some reasons that strengthen al khaliji’s position in the financing sector: healthy capital, an untarnished record of growth, the recently-awarded Fitch rating and most important of all its unique “preferred customer” approach to banking.

“In 2008, al khaliji launched its activities with a capital base just short of 4 billion riyals. Four years later, and with a succession of double-digit year-on-year growth numbers, we now have almost seven times the capital base – close to 27 billion riyals in assets. And we have accomplished this without recording a single loss in any quarter over the past 48 months,” continued HE Sheikh Hamad.

“A bank is a partner, and is intimately involved in the project just as much as the architect or engineer,” added HE Sheikh Hamad. “al khaliji as an A- rated financial institution, has a pre-defined approach whereby our real estate loans have been extended to top tier corporate clients and high net worth individuals. We become their business partner. We have extended significant financing for the development of land-mark real estate and infrastructure projects in Qatar to include retail properties, commercial and residential compounds, hotels, roads and museums. This bank is well positioned for the “right” opportunities in the future.”

Cityscape Qatar is the latest franchise of the event, originally founded in the UAE in 2002. The event has attracted over 1500 global participants, with over 200 multi-national firms exhibiting their wares and services at the Doha Exhibition Center. For those interested in what al khaliji has to offer, they can be found at stand D25. For more information, please visit www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 26.6 billion in total assets and QR 12.1 billion in customer deposits as of 31 March 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information#]

publié le 30 May 2013

Arab Business Club 2nd Annual Banking and Finance Event

The 2nd Annual Banking and Finance Event will bring together the Arab Business Owners, C Level Management of Companies within Banking, Finance, and Investments in Banks and Stock Markets.

The program for the 2013 Banking and Finance Event is designed to focus on important current issues in banking and finance.

EVENT DETAILS:
Date: June 17, 2013
Venue: Dubai, UAE
Dress Code: Business or National Attire.

TARGET AUDIENCE: The event will be attended by members of the Arab Business Club and other C-Level executives, strictly by invitation. They will include CEOs, managers, business owners and top management executives from regional banks and financial institutions.

EVENT HIGHLIGHTS: Interact with banking leaders from different financial institutions directly. Benefit from networking opportunities that can enhance your trading opportunities and build trustful relations. Discuss challenges, opportunities and the 2013 outlook for Banking and Financial Services Industry.

Explore the opportunities to market and promote your business to business people. Share experiences and present point of view with whole banking industry. Keep up-to-date with business opportunities and new banking technology trends.

EVENT PROGRAM:
7:00 P.M. Registration and Networking Event
8:00 P.M. Welcome Speech by Arab Business Club President, Mr. Hamdan Mohamed Al Morshedi
8:05 P.M. Speech by the Speech by: Mr. Jassem Al Baloushi, Head of Retail and Banking Group, Sharjah Islamic Bank, "Sharjah Islamic Bank;Improvements of Islamic Banking and Finance"
8:15 P.M. Speech by the Guest Speaker
8:25 P.M. Q & A from the attendees and media
8:30 P.M. Buffet Dinner and Networking
10:00 P.M End of the Event

Event link: http://arabbusinessclub.org/event/view/arab-business-club-2nd-banking-and-finance-event/

publié le 30 June 2009

AREVA to open up its capital to new strategic partners and its employees.

The group is set to sell its transmission and distribution activity

[#The AREVA group’s Supervisory Board met today under the chairmanship of Jean-Cyril Spinetta and finalized the steps to be taken to finance the group’s long-term development plan.#]

[#World leader in the civil nuclear field, AREVA is enjoying major growth thanks to its integrated model and the increase in demand for solutions to generate CO2-free electricity. In order to continue to reinforce its position as leader on the nuclear market and to make further inroads into the renewable energies market, AREVA needs to invest and recruit, while maintaining a healthy balance sheet.
This is why, based on a proposal from the Executive Board, the AREVA Supervisory Board has decided to open up its capital to strategic and industrial partners, to the value of 15%, mainly by increasing its capital. This increase will be open to investment certificate holders. The group is launching an employee shareholders program.

The Supervisory Board has also asked the Executive Board to put the group’s Transmission and Distribution (T&D) division up for sale. An open call for bids will be launched and the group will pay special attention to the price offered and also the industrial and labor projects.
Depending on the interest generated, the decision to dispose of T&D or not and the choice of a potential buyer will be taken before the end of the year.
AREVA is also considering disposing of its stakes in Eramet and ST Microelectronics. In any case, these stakes will remain in the public sector because of their strategic nature.
AREVA is also set to continue its cost reduction program and to improve operational performance.
Shareholders have shown their support by agreeing to a new dividend payout rate of 25% of the group’s share of net income as of 2010 and for a period of three years, given the scale of the AREVA program.
Commenting on these decisions, Jean Cyril Spinetta says "Through the strategy in place since 2001, AREVA has become the reference in its field. Solutions for generating CO2-free energy - its core business - have undisputed prospects for growth. The group must be able to pursue an ambitious investment program to take advantage of its growth. The plan that has been finalized by the shareholders will completely enable it to do so.”

Anne Lauvergeon, CEO of AREVA says: “Our shareholders’ continued support for our strategy is a tremendous honor and puts an obligation on us. This financing will enable us to maintain our lead and meet the growing needs of our current and future customers."
With regard to the disposal of the T&D activity, Anne Lauvergeon added “This only became an option because of the remarkable work of the T&D teams who, spurred on by AREVA, pulled off a remarkable industrial turnaround. T&D joined the group in 2004 and is enjoying rapid growth and creating value and there is no reason why this should change


More about

All over the world, AREVA provides its customers with solutions for carbon-free power generation and electricity transmission. With its knowledge and expertise in these fields, the group has a leading role to play in meeting the world’s energy needs.
Ranked first in the global nuclear power industry, AREVA’s unique integrated offering covers every stage of the fuel cycle, reactor design and construction, and related services. In addition, the group is developing a portfolio of operations in renewable energies. AREVA is also a world leader in electricity transmission and distribution and offers its customers a complete range of solutions for greater grid stability and energy efficiency.
Sustainable development is a core component of the group’s industrial strategy. Its 75,000 employees work every day to make AREVA a responsible industrial player that is helping to supply ever cleaner, safer and more economical energy to the greatest number of people.#]

areva.com

publié le 9 July 2010

Bahrain Reports Real GDP Growth of 70% in Last Decade

Press release

[# Bahrain enjoyed real GDP growth of 70 percent over the past decade according to a report out this week from the Kingdom’s Economic Development Board (EDB). This represents a sustainable growth rate in real GDP of more than six percent year-on-year.#]

[#The EDB’s first Annual Economic Review details Bahrain’s economic performance over the past decade and forecasts continued, sustainable growth over the coming ten years. In addition to the 70 percent GDP growth, exports increased 116 percent, Bahraini employment rose by 39 percent and Bahraini wages increased 54 percent. From 2005 to 2008, Bahrain also achieved the highest amount of foreign economic investment as a proportion of nominal GDP among the six nations of the Gulf Cooperation Council (GCC) at around 35 percent. Real GDP is forecast to continue to grow sustainably with a four percent expansion in 2010, rising to 7.2 percent in 2015.

Whilst Bahrain’s economic expansion was against the backdrop of global economic growth, Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the EDB, believes the figures reflect the success of economic reforms. The measures – implemented under the guidance of His Royal Highness Prince Salman Bin Hamad Al Khalifa, the Crown Prince of Bahrain and Chairman of the EDB – have helped to build an open economy based on ethical values, he said.

“In Bahrain, our economic growth has been consistently strong, with a real average growth rate of over six percent during the last decade. Prudent economic reform has played a key role in strengthening the long term prosperity of the Kingdom. Our plan has always been about building sustainable growth through a sound and flexible economic and fiscal policy and diversified economy, with an emphasis on transparent, sound regulation.

“In today’s world, our ongoing reform programme – driven by Vision 2030 – is helping us to deliver sustainable prosperity by making the private sector the engine of growth and creating the optimum business environment for international companies looking to access the trillion dollar market of the Gulf.”

The five years to the end of 2008 were of particularly strong growth for Bahrain. Output in the finance sector nearly doubled and at the end of the period accounted for over one quarter of output, compared to less than a fifth five years previously. Manufacturing output improved 80 percent, while the education services, tourism and logistics sectors also grew. Today, the Kingdom is recognised as the most diversified economy in the Gulf and is ranked in the top 20 globally in the World Bank’s Doing Business Report.

Although Bahrain’s growth slowed during 2008 and 2009 as a result of the global economic downturn, the Kingdom avoided the worst of the recession apparent in Europe and North America. Bahrain’s success in continuing to expand during the sharpest global downturn in well over half a century is further testament to the strength of the economy and the value of the extensive reforms undertaken in the preceding decade, Shaikh Mohammed added.

“We have completed a successful ten years and a challenging new decade has begun. But in Bahrain we are well placed to return to increased rates of sustainable growth, with Vision 2030 the blueprint for the development of our country’s economy, government and wider society over the coming decades.”

The EDB, which has the responsibility for creating the right climate to attract foreign investment, is leading the process of Bahrain’s Vision 2030 under the guidance of HRH the Crown Prince. Vision 2030’s ultimate aim is to raise national living standards by creating greater opportunities for Bahrainis.

About The Bahrain Economic Development Board (EDB)

The Bahrain Economic Development Board (EDB) is a dynamic public agency with an overall responsibility for formulating and overseeing the economic development strategy of Bahrain, and for creating the right climate to attract direct investment into the Kingdom.

The role of the Bahrain EDB is to provide leadership by uniting all of the Kingdom’s shareholders through a unified vision, and to develop key strategies for growth. The Bahrain EDB also acts as a facilitator, helping all of Bahrain’s stakeholders to understand and adopt the changes necessary for progress. In addition, the Bahrain EDB provides sound project management to ensure that all agreed reform initiatives are implemented in an effective and timely manner.

The Bahrain EDB is also responsible for attracting inward investment into Bahrain, and is focusing on six target economic sectors in which the Kingdom offers significant strengths. These are financial services, downstream industries, tourism, business services, logistics, and education and training.
#]

publié le 31 January 2014

Dassault Aviation Becomes First OEM to Offer EASA Part 147 Practical Training

press release

Dassault Aviation recently received regulatory approval from the EASA to operate as a Part 147 Training Center, the first such authorization to be granted to a business jet OEM.

The approval allows Dassault Aviation to comply with new European regulations requiring that technicians be offered practical maintenance instruction in addition to theoretical training, and permits them the ability to obtain an EASA type rating certificate through their Part 66 license.

A new Dassault Training Academy® in Merignac/Bordeaux France will serve as the Part 147 Training Center, offering accredited two-week, model-specific courses.

Dassault introduced practical training in April 2007, to complement theoretical instruction provided by the company’s training partners, CAE and FlightSafety International. “Our Practical Training Program was a proactive response to feedback from Falcon operators and Authorized Service Centers requesting more manufacturer involvement in the training process,” said Guilhem Rousset, Quality Manager at the Dassault Training Academy, “It emphasizes a “hands-on” approach that allows trainees to perform real-life maintenance tasks, including engine run up.”

In the program, students work on production Falcon aircraft during the pre-completion phase. Instruction is available in English and is aimed primarily at technicians and mechanics. More than 400 trainees have already graduated. It covers Falcon 900EX/2000EX EASy Series and 7X aircraft models and will be available for the newly-launched ultra wide body Falcon 5X prior to deliveries beginning in 2017.

“The real-life working conditions offered by the Practical Training Program make it the most useful and comprehensive program available from any OEM,” remarked Patrice Kurdijian, Training Manager at the Dassault Training Academy. “We’re already looking at ways to expand and improve training program content to meet the future needs of our operators as new regulations and technologies are introduced.”

publié le 6 June 2010

Deutsche Bank and Saudi investors establish Shariah compliant home financing company

[# Deutsche Gulf Finance (DGF), a home finance company with its head office in Riyadh, Saudi Arabia, aspires to be a leading provider of home finance in the Arabian Gulf.#]

[#

    • DGF is focused on providing Shari’a compliant residential home financing.
    • Deutsche Bank has made a significant investment into the Company together with a group of prominent Saudi investors.

The leading global investment bank Deutsche Bank AG announced last month the formation of Deutsche Gulf Finance (DGF), a joint venture Shariah-compliant home financing company owned 40% by the Bank’s Riyadh Branch and 60% by a group of prominent Saudi-based investors, led by Fahad Abdullah Abdulaziz Al Rajhi.

Fahad Abdullah Al Rajhi said: “ "We are excited to partner with Deutsche Bank and benefit from its global experience in housing finance. Deutsche Gulf Finance will benchmark itself against international best practices and looks forward to contributing to the growth of home ownership in Saudi Arabia.” "

The Company has an initial capitalization of approximately USD110 million, and at first will provide Shariah-compliant home financing for properties located in Saudi Arabia, with plans to expand its operations into Bahrain, Qatar and Kuwait over time. Deutsche Gulf Finance has commenced financing completed units as well as those under construction on individual lots or at real estate developments.

Doug Naidus, Managing Director and Global Head of Residential Mortgage Backed Securities Lending and Trading at Deutsche Bank, said: “ "We are very pleased to announce the formation of Deutsche Gulf Finance, as Saudi Arabia is a key country in our emerging markets strategy. Islamic home finance continues to be an important part of Deutsche Bank’s global mortgage platform. Deutsche Bank’s global expertise coupled with the Al Rajhi family’s local prominence and experience make this an ideal and complementary business relationship.” "

Deutsche Gulf Finance maintains comprehensive and customized policies and procedures covering all major aspects of housing finance operations and incorporating global inputs from Deutsche Bank, applicable Saudi law and regulations, and the highest Shariah standards. Special attention has been paid to ensure proper risk controls and oversight levels are maintained.

Jamal Al-Kishi, Deutsche Bank’s Chief Country Officer in the Kingdom, added, “ "The establishment of Deutsche Gulf Finance is an important milestone for Deutsche Bank’s presence in the Kingdom and signifies our commitment to broaden and deepen our presence in Saudi Arabia as well as our confidence that the Saudi home finance market will witness robust growth.” "

The launch of Deutsche Gulf Finance comes at a pivotal time for consumer finance in Saudi Arabia. According to Deutsche Bank Research, the total outstanding home finance provided by the private sector in Saudi Arabia aggregates to less than 1% of GDP compared with well over 50% in most developed countries, and approximately 6% in Kuwait and 7% in the UAE.

Deutsche Bank Research projects Saudi Arabia will need 1.2 million additional housing units by 2015. In addition, based on market assumptions, it estimates that when the new Saudi mortgage law is enacted it will contribute to incremental demand of approximately 55,000 additional units per year.#]

ribhfr.wordpress.com

publié le 29 March 2013

Domopan holds informative industry symposium on DomoGypsum

Attendees explained the benefits of company’s fiber-gypsum paneling

[#Domopan Qatar WLL, one of Qatar’s leading comprehensive engineering companies, hosted a workshop at La Cigale on a March 19th to acquaint guests with their fiber gypsum panels, DomoGypsum. Scores of designers, architects, engineers, and developers attended the one-day symposium to learn the technical details of the panels.#]

[#“A result of our collaboration with international partners is DomoGypsum, a state-of-the art modular panel composed of a measured mixture of gypsum and fibrous materials,” Foud Hamdan, Domopan’s Chief Executive Officer, told the participants in his opening remarks. “Although conceptualized and designed with international help, we like to consider DomoGypsum a break-through in material technology for Qatar itself. It’s the first product of its kind produced right here in the country, and it would be hard pressed to find any material with the same characteristics manufactured anywhere in the region.”

With last year’s rewarding from the Loss Prevention Ceritification Board (LPCB) – a global benchmark for industrial standards – the panels are authorized to be sold in European regional markets. In addition, DomoGypsum is also approved by Qatar’s General Administration of Civil Defense at the Ministry of Interior and the Qatar Civil Defense Department’s approval for two-hour fire resistivity – an important element considering last year’s high-profile fires.

Attention to detail and meeting international standards have proven DomoGypsum to be very popular, as Hamdan explained.

“Dom0Gypsum has been a success since the day the first panel it first left our factory in 2008,” said Hamdan. “We are proud that iconic Qatari landmarks, just as the Museum of Modern Arab Art, the RasGas headquarters, Souk Waqif Hotel, and the PortoArabia complex at the Pearl, all have DomoGypsum paneling installed in them. I believe that this alone is testament to the durability, effectiveness, and convenience of DomoGypsum.”

Hamdan’s welcome note was followed by presentations by Domopan engineers who detailed the benefits and installation methodologies for the boards. For more information about Domopan and DomoGypsum, please visit www.domoqatar.com or call 4465 3625.

About Domopan Qatar WLL

Domopan launched activities in response to the market needs of sustainable development. Therefore the heart of our work is providing turnkey design-build solutions for residential, commercial and industrial developments. 

Our vision
Our vision is to be nothing short of the best. We envision ourselves to be the undisputed leader and partner in providing quality projects to both public and private sector clients.

Our mission
We aim to provide innovative and cutting-edge construction practices to address the unique demands of Qatar’s environment, construction climate, and client preferences, executed to the highest levels of professionalism to secure client loyalty.

Further information about Domopan can be found at www.domoqatar.com

#]

publié le 14 June 2010

DSS attractions unveiled highlighting Dubai as summer destination of surprises

AED 60 million budget for region’s most awaited summer event.

[#The Dubai Events and Promotions Establishment (DEPE) has unveiled the main highlights of the 13th edition of Dubai Summer Surprises that begins on June 17th and runs for 52 days till August 7th. With a budget of AED 60 million, this year’s DSS includes international shows, musicals, events, shopping promotions across Dubai, and prizes to be won throughout malls. Modhesh World, the region’s biggest indoor edutainment venue, is also a major attraction of DSS.#]


[#Laila Suhail, Chief Executive Officer of DEPE said, “We have endeavoured to present a spectacular combination of attractions that create a comprehensive holiday package for all visitors and residents in Dubai during DSS. These efforts are in line with our marketing slogan for this year, ‘Dubai, your summer destination of surprises.’”

Suhail also said that the AED-60-million-budget has not only ensured the quality of events but has also supported DEPE in reaching out to audiences through diverse marketing campaigns. “As the leading and the longest summer event in the region, it is imperative that we elevate our efforts in order to maintain our leading position. Catering to multi-national audiences is always challenging but we have succeeded in the previous years and we look forward to continuing our successful streak,” she added.

DSS 2010 Opening Ceremony

Following the massive success of last year’s opening, the DSS 2010 opening will focus on retail promotions across 25 select shopping malls where a purchase of AED 500 entitles shoppers to win vouchers from some of the best entertainment destinations in Dubai.

Shopping and raffles


Summer shopping can’t be as exciting and rewarding than in Dubai and during DSS. With more than 6000 retail outlets participating and discounts of up to 70%, shoppers can rest assured that brands of their choice can be bought at throwaway prices.

Every shopper is also rewarded for a purchase and individual malls are giving away cars, cash, and shopping vouchers.

Dubai Shopping Malls Group, a key sponsor of DSS 2010, is also organizing a purchase-based raffle where shoppers can expect to win spectacular weekly prizes.#]

For more informations :www.mydsf.ae

publié le 6 February 2009

DUBAI BAGS TOURISM AWARDS IN THE UK

[#Dubai, a hugely-popular destination for leisure and business tourists from across the world, has bagged two influential awards in the UK, which remained the leading source market for its widely-expanding tourism industry.

Dubai has been voted "best destination for Middle East and Africa" at the Irish Travel Trade News Awards, while the second award from the Travel Weekly recognized the travel trade training programme conducted by the Dubai Department of Tourism and Commerce Marketing (DTCM).

Dubai plays host to approximately 700,000 tourists annually from the UK and Ireland, its top market in the Europe.

Fayha Sultan, Marketing Manager-Commerce at the DTCM’s representative office for the UK and Ireland, received the Irish Travel Trade News Award recently at a ceremony attended by over 600 leading industry professionals. The other nominees in this category included Egypt and South Africa. The Irish Travel Trade News is the only dedicated travel trade magazine in Ireland and has been operating since 1964.

Based on the results of the fourth Conference & Incentive Travel’s (C&IT) Readers Poll 2008, Dubai was voted the top incentive destination by readers of the UK magazine, moving up from second place last year. Dubai beat off stiff competition from London, South Africa, Barcelona, and New York/Las Vegas, taking the second, third, fourth and joint fifth place, respectively.

Dubai also won the ’Best Travel Weekly Academy Training Programme’ award at the Travel Weekly Globe Awards, are one of the most respected awards events in the UK travel industry, attended by over 1,600 leading industry professionals. This is the first Travel Weekly Globe Award that Dubai has won.

DTCM’s Representative Office for the UK and Ireland created a page on the travelweekly.co.uk website in an area called TW Academy, which offers training to travel agents. On that page we provided agents an opportunity to complete a sample module of Dubai Expert programme, and link through to the full course.

Ian Scott, Director of DTCM’s UK & Ireland representative office, commented: "Dubai’s incentive offering is going from strength to strength thanks to the diversity of its activities and accommodation offerings. The future is looking equally exciting with an impressive line-up of new and upcoming developments".#]

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 9 March 2009

DUBAI HOTELS REVENUES TOUCH AED15 BILLION MARK IN 2008

Dubai has successfully retained its strong position as a business and leisure tourism hub with its impressive portfolio of hotels posting all-time high record revenues of AED15.25 billion and a double-digit increase in rooms inventory in 2008, one of the most economically-challenging times for the global tourism industry.

Mr. Khalid A bin Sulayem, Director General of Dubai Department of Tourism and Commerce Marketing (DTCM), said: "The results are highly encouraging and reflects the vibrancy and dynamism of the emirate’s expanding tourism industry. The performance reflects the efforts and ability of Dubai in confidently navigating through one of the most-difficult journeys that the global tourism industry is faced with."

"There are strong signs of growth for the tourism industry. Dubai has invested heavily in the tourism sector and is probably better placed to remain sound during a challenging time and, with its great product offering, may emerge faster than other regions when the global economy improves," he said.

Dubai hotel establishments played a host to 6,996,449 guests in 2008, up from 6,951,798 visitors in the previous year. In 2004, Dubai hotels received 5.4 million guests followed by 6.16 million in 2005. The slight increase in guest numbers enabled Dubai hotels and hotel apartment posting AED15.25 billion in revenues, an impressive increase of 15 per cent over the previous year. In the year 2007, the revenues were to the tune of AED13.26 billion on the back of a 22.4 per cent growth.

The Dubai Hotel and Hotel Apartment Performance Summary 2008 revealed 15.9 per cent increase in the number of hotel rooms and hotel apartments, which stood at 49,598. In 2007, the number of hotel rooms and hotel apartments were 42,807 after a 4.8 per cent growth over the previous year.

The government of Dubai is continuing its steps to manage this key economic domain in times of economic slowdown worldwide. The tourism and hotel sectors directly contribute 19 per cent to Dubai’s GDP, while their indirect contribution to GDP stands at 32 per cent in 2008.

The initiatives launched by the DTCM have helped boost hotel occupancies since the start of 2009. For instance, the last week of February, the average occupancy of five-star beach hotels was 95 per cent with the average room rate for the five-star hotel being AED1239.

The year 2008 witnessed the network of overseas representative offices operated by DTCM growing to 18 with the opening of three offices in China, with the broader aim of tapping the strong tourism growth potential in the world’s most populous country.

The DTCM has taken up a number of initiatives to boost hotel occupancies and promote the destination in established and emerging source markets across the world. The department conducted promotional campaigns with visitors getting up to 40 per cent discount in hotel room rates among other benefits.

A three-month familiarization programme targeting 2000 tour operators, MICE agents and Media representatives had been launched by DTCM in cooperation with Emirates Airlines and other key players of Dubai’s tourism industry to provide them a hands-on experience of Dubai and its vibrant tourism and business landscape.

He said the excellent cooperation between the public and private sectors was a way forward to tourism industry growth in this volatile economic climate and Dubai remains an excellent inspirational role model for many destinations.

"We see the year 2009 to be more challenging in consolidating the growth. As Dubai increases its offering of world-class hospitality, the emirate is the preferred holiday destination for tourists from around the world. Dubai’s tourism product offering is going from strength to strength thanks to the diversity of its activities and accommodation offerings. The future is looking equally exciting and we are confident about gaining even more solid ground on the world tourism map."

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>

#]


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 6 February 2009

DUBAI MOUNTS PROMOTION IN SPAIN

[#The Dubai Department of Tourism of Commerce Marketing (DTCM) is steaming ahead with its energetic marketing drive in Europe, the emirate’s traditionally strong source market for years, and mounted a successful promotion in the promising Spanish market through FITUR-2009, the Spanish International Travel and Tourism Fair, held in Madrid.

Measuring 119 square metres, the Dubai Stand had 12 co participants. The 29th edition of the leading travel show, held at Feria de Madrid from January 28 to February 1, attracted 13,520 exhibitors from 170 countries and regions. Last year’s edition attracted more than 255,000 visitors.

Mr. Abdullah bin Suwaidan, DTCM Deputy Director of Overseas Promotions, said: "Participation in this major tourism fair was very fruitful since Spain is a key market for us with great growth potential. This was our 16th year participation in FITUR and that speak volumes about the importance we attached to this market."

There was more than 32 per cent increase in the number of Spaniards visiting Dubai during January to September last year compared with the same period in 2007.

He presented a Dubai souvenir to His Highness Prince Felipe of Borbon who inaugurated the fair. The DTCM’s co-participants at FITUR-2009 were Arabian Link Tours, Reem Tours and Travels, Lama Desert Tourism and Cargo, Alpha Tours, Travco Travel, Desert Adventures Tourism, Yasi Tours, Emirates Hotels and Resorts, Arabian Adventures, Kempinski Hotel Mall of the Emirates, Al Tayer Travel Agency and Emirates Airlines.#]

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 12 July 2013

Dubai Multi Commodities Centre’s continuous growth sets the stage for major expansion

Press release

The Dubai Multi Commodities Centre Authority (‘DMCC’), the Government Authority dedicated to establishing Dubai as the global gateway for commodity trade, today announced that it registered 1,270 new member companies in the first 6 months of 2013. A record-breaking 260 companies joined DMCC’s Free Zone in April alone, bringing the total number of companies operating at DMCC to over 6,890, a 30% increase compared to the same period in 2012.

DMCC’s Free Zone, the fastest growing and soon to be the largest in the UAE, is firmly set to meet its commitment made in early 2011 to be home to over 7,200 companies by the end of 2013.

In just 11 years, DMCC’s members and thriving trading community has contributed between US$ 9-12 billion towards Dubai’s GDP and continues to demonstrate its strength with major organisations joining the Free Zone in H1 2013 such as General Mills, United Arab Bank, Medcare Hospital and the Moscow University for Industry and Finance, Landmark International Hotels and Noor Islamic Bank.

This continued growth, the increased demand for commercial space combined with DMCC’s significant GDP contribution, are some of many reasons why its Executive Chairman, Ahmed Bin Sulayem, recently announced that DMCC is to build the world’s tallest commercial tower as part of its expansion plans of a 107,000 square metre business park. Currently in concept design phase, the DMCC business park and world’s tallest commercial tower will offer premium commercial and retail space for lease and sale, to accommodate demand from large corporations and multi-nationals.

Commenting at a media briefing hosted at Almas Tower (DMCC’s headquarter and the Middle East’s tallest commercial tower) this morning, Ahmed Bin Sulayem, Executive Chairman, DMCC, said:

“The first 6 months of 2013 further demonstrate DMCC’s strength and commitment to establishing Dubai as the global hub for commodities trade and enterprise. With an average of 200 new companies joining DMCC every single month, 95% of which are new to Dubai, DMCC will be largest Free Zone in the UAE before the year end.

Our new expansion plans, including the DMCC business park and the world’s tallest commercial tower, are the next natural steps to ensure we continue to welcome companies to the free zone as demand grows – particularly from large regional corporations and multi-nationals – as we remain focussed on making a material contribution to Dubai’s economy.”

Commodities Update

Commodity trading in Dubai has continued to cement the Emirate’s position as the global trading hub. In the first half of the year, trade volumes of rough diamonds increased by 10% to 66 million carats, and the value increased by 5% to US$ 6.2 billion compared to the same period last year. A total of 32.4 million carats were imported in the first half of the year at a value of US$ 2.5 billion, a 9% and 7% increase over the same period in 2012. In addition, total exports in carats grew by 12% to 34 million carats and by 3% to US$ 3.7 billion, compared to the same period in 2012.

In March 2013, DMCC and the Dubai Diamond Exchange (‘DDE’) hosted the inaugural Dubai Diamond Conference, themed ‘Dubai – The New Silk Route’, attended by over 500 guests representing key industry participants from diamond centres and diamond producers around the world including Africa, Antwerp, London, New York and India. During the event, Ahmed Bin Sulayem challenged longstanding traditions by declaring Peter Meeus, Chairman of the Board of Directors of the DDE, as the first nominee for President of the World Diamond Council (‘WDC’) from a non-Western member country.

The value of gold passing through Dubai in 2012 increased to US$ 70 billion from US$ 56 billion in 2011, making it the global bullion hub with over 25% of the world’s physical gold passing through the Emirate.

DMCC have been at the forefront of issuing and implementing guidelines in conjunction with the OECD and other international bodies to promote responsible supply chain management for gold and other precious metals. Initiatives have included a 5-step DMCC Practical Guidance, the development of a Review protocol as well as the appointment of a panel of international auditors to review compliance.

DMCC’s Dubai Tea Trading Centre (‘DTTC’) provided warehouse facilities for of 5.76 million kg of tea during the first half of 2013 – an increase of 80% over H1 2012. As a result of DTTC’s efforts, the UAE is now the largest re-exporter of tea in the world, with a 60% market share.

In the first six months of 2013, DMCC continued to support a broad spectrum of commodity industries through major local and international events, sponsorships, partnerships and speaking opportunities such as hosting the second Dubai Precious Metals conference in April; opening the 3rd Annual Middle East Islamic Finance and Investment Conference in April; opening the inaugural Pepper Conclave Conference in June; acting as headline sponsor for the 2013 CICILS conference in Singapore; hosting the annual DMCC London Dinner with several UK parliamentarians; sponsoring sessions at the British IOD (Institute of Directors); speaking at The Assocham 6th International India Gold Summit in New Dehli and establishing the Dubai Food Trade Group. The Dubai Diamond Exchange (‘DDE’) hosted a record 10 diamond auctions to date, featuring rough diamonds from West Africa, Tanzania, Congo, Zimbabwe and Russia.The Dubai Pearl Exchange (‘DPE’) partnered with RAK pearls to host the first commercial tender of UAE pearls, and hosted private pearl exhibitions with Paspaley and Atlas South Sea Pearls.

The Dubai Gold and Commodity Exchange (‘DGCX’) continued to see exponential growth with H1 2013 volumes of 7.7 million contracts, an increase of 101% over the previous year and an underlying value of US$ 269 billion. Average daily volume (ADV) in the first half of the year stood at 61,731 contracts, a 107% increase year-on-year. The exchange was also named ‘Best Global Commodities Exchange’ in 2013 by the Global Banking & Finance Review in June 2013.

Earlier this year DMCC Tradeflow, the online exchange for physical commodities in the UAE, enhanced its offering by launching Commodity Murabaha. Continuing its efforts to support Islamic finance in the commodities space, DMCC Tradeflow, completed its inaugural Commodity Murabaha transaction in April between Noor Islamic Bank and Commercial Bank of Dubai using assets from Ducab and ENOC. DMCC Tradeflow is committed to supporting the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to create Dubai as the world’s capital for Islamic economy.
Free Zone Infrastructure Update

DMCC continues to expand its mixed-use Free Zone and freehold community. The RTA recently confirmed that it has completed 75% of the final phase of the JLT road network and announced conclusion of the remaining works by the end of the year.

With 65 mixed-use commercial and residential towers and over 200 retail outlets in operation, there are currently over 65,000 people working and living within Jumeirah Lakes Towers. The transformation of one of its lakes into a 55,000 square metre community park is also due to be completed by the end of this year.

publié le 11 November 2010

Dubai: Christmas magic on offer at Corp Executive Hotel Apartments

[#The festive season comes packaged with style at Corp Executive Hotel Apartments where an executive chef will supervise the culinary treatsTaking the strain out of Christmas, management at the Corp Executive Hotel Apartments – Al Barsha – Dubai has put together a special package, complete with accommodation, meals and a few surprises thrown in.#]

[#A two-day stay from Christmas Eve on December 24 through to Boxing Day is priced at just AED 1200 per person and includes a host of treats from cakes on arrival through to a four-course Christmas Eve dinner at Mood restaurant, traditional Christmas lunch, full English breakfast on each morning and a Christmas fruit cake to take away.

According to general manager Aamir Pervez, the whole team at Corp Executive Hotel Apartments is working to ensure every guest will feel at home, in a celebratory mood and full of the joy of Christmas: “As well as sumptuous festive fare created by our executive chef, Nicholas Tordeurs, we will be rolling out a series of treats such as Christmas stockings filled with small gifts and hot chocolate and marshmallows on Christmas morning.”

For those who just want a break away from home with all the luxuries of an apartment stay and breakfast only, there is a special AED450 rate for a one-bedroom apartment, and AED650 for a two-bedroom.

The 140-unit Corp Executive Hotel Apartments – Al Barsha is conveniently located next to the Mall of the Emirates and within easy reach of Downtown Dubai, the beach and golf courses.

Facilities include spacious accommodation, free parking, access to a pool, gym and aerobics suite, a la carte dining at Mood restaurant as well as all-day snacks and drinks at the Caffeine lobby lounge and poolside snacks at the Snug plus room service.#]

publié le 9 September 2010

easyHotel Jebel Ali Welcomes Its First Guests

[#easyHotel Jebel Ali, the super budget brand hotel chain’s first venture outside Europe, on Monday (September 6) welcomed its first guests, many of them taking advantage of the offer of attractive budget price of AED 99 per night for a double-room.
#]

[#easyHotel Jebel Ali is part of the super budget hotel brand founded and owned by serial entrepreneur Sir Stelios Haji-Ioannou. The hotel’s brand new six-story building, with its trademark orange trimmings, has 216 air-conditioned bedrooms, each equipped with basic amenities like en-suite bathroom, wireless Internet access and a work desk space for the busy traveller.

easyHotel Jebel Ali, operated by Istithmar Budget Hotels, an Istithmar World company, is Dubai’s first 1-star hotel that offers a clean room equipped with basic amenities and the first budget hotel with a Gold LEED (Leadership in Energy & Environmental Design) certification, a widely accepted benchmark for high-performance green buildings.

easyHotel Jebel Ali remains true to the brand’s great value ‘no frills’ approach and is completely transparent on its services and pricing structure. Services such as housekeeping, luggage storage, early check in, late check out, vended snacks and drinks and wi-fi Internet access are available for a small additional charge to those guests who require them.

Announcing the opening of the easyHotel Dubai, Jebel Ali, Andy Watson, Acting Chief Executive Officer, Istithmar World, said:
“Istithmar World is pleased to introduce to the regional market the concept of remarkable value for money through the easyHotel brand. We believe there is a real gap in the hotel sector here for quality accommodation at affordable prices and easyHotel Jebel Ali fills that void beautifully. We are confident that our offer of purpose-built hotel rooms at highly attractive rates and our policy of leaving upgrade decisions solely in the hands of our guests will find resonance in an increasingly cost-conscious market.”

easyHotel Jebel Ali is conveniently located inside the Jebel Ali Free Zone Authority (Jafza) with easy access from Sheikh Zayed Road and has parking for up to 50 cars. Guests arriving at Dubai International Airport can take a Metro Train to Ibn Batuta Mall Station or a quick taxi ride to reach easyHotel Jebel Ali.

easyHotel Jebel Ali is the first hotel to be established in Jafza, Dubai’s premier free zone, which is home to more than 6,500 companies and is adjacent to Jebel Ali Port, one of the largest container terminals in the world.#]

For more details about easyHotel, please visit: http://www.easyhotel.com

publié le 4 June 2010

Economic Leaders Summit, 3rd Invest in Med annual conference Barcelona, June 3 and 4

[# On June 3 and 4, in Barcelona, the Euro-Mediterranean business community, together with the business supporting organisations will gather to prepare the private sector recommendations to the political leaders of the Union for the Mediterranean (UfM)#]

[#Following the very successful « Med Business Days" organised in 2008 in Marseille (France) and the Athens Euro-Mediterranean Business Forum "Bridging the Mediterranean" organised in 2009 in the framework of the Invest in Med (1) programme, the private sector will meet in Barcelone for the Mediterranean Economic Leaders Summit and the 3rd Invest in Med annual conference?
This Summit, under the slogan « Taking the initiative: shaping the UfM » is organised by ANIMA, ASCAME, BusinessEurope, BusinessMed and Eurochambres, with the support of the Catalan government and the financing of the Invest in Med programme.
Over 400 representatives of public and private authorities of the region, investors, business networks and enterprises will actively take part into working sessions dedicated the UfM initiatives and the related business opportunities, meet to develop partnerships and investments, shape socially responsible investment. They will also discover a toolkit to facilitate business and investments in the Mediterranean.
The two days will also allow to present the state of play of Invest in Med, the EU co-funded programme with acts for Mediterranean SMEs thanks to the mobilisation of about 300 field operators, all members of the MedAlliance (economic development organizations, CCi and business federations, as well as their special partners) who are dedicated to boost foreign investments, sustainable economic relations and smart partnerships between Euro-Mediterranean SMEs.

48 very concrete pilot initiatives have been selected and financed by the programme to develop investment and business partnerships in market niches.

Invest in Med is setting up one operation every two working days over the three year period, contributing to reinforce strategic sectors for the development of the region. 9,000 key players (including 5,000 enterprises) have benefited from these actions and the programme is already generating directly over 900 enterprise partnerships.
"Invest in Med is the success story of a business community willing to take charge of its present and its future" Rachid Mohamed Rachid, Egyptian Minister of Trade and Industry says.
"Invest in Med is definitely contributing to a better understanding between Mediterranean leaders. It is essential to develop our businesses." Hassan Laaziri adds, CEO of CDG Capital Private Equity (Morocco).
Invest in Med key figures:

  • 284 economic field operators from Europe and the Mediterranean
  • 48 initiatives to contribute to the strategic business sectors for the Mediterranean
  • Over 350 Invest in Med operations between 2008 and 2011, among which:
    • 68 operations to move on with the environment
    • 67 operations to develop logistics, distribution and supply
    • 48 operations to promote entrepreneurship chains
  • 7,800 B2B meetings
  • 5,000 companies involved
  • 1,000 partnerships identified
  • 4,200 people trained
  • 43 studies
  • 1,000+ press articles, and over 60,000 web references

To discover the Invest in Med challenges and success stories click here

(1) The Invest in Med programme aims at developing sustainable trade relationships, investments and enterprise partnerships between the two rims of the Mediterranean. Funded at 75% by the European Union over the 2008-2011 period, it is implemented by the MedAlliance consortium, which associates economic development organisations (ANIMA, leader of the programme), CCIs (ASCAME, EUROCHAMBRES), and business federations (BUSINESSMED). The members of these networks, as well as their special partners (UNIDO, GTZ, EPA Euroméditerranée, World Bank, etc.), gather a thousand of economic actors - mobilised through pilot initiatives centered on key Mediterranean promising niches. Each year, a hundred operations associate the 27 countries of the European Union and 9 Mediterranean partner countries: Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestinian Authority, Syria and Tunisia.#]

www.invest-in-med.eu

publié le 10 August 2010

Egypt invites tenders for nuclear power plant

[#Egypt is starting an international bidding process this year for its first nuclear energy plant, according to the country’s electricity and energy minister.#]
[#
Hassan Younes told the stated-owned al-Ahram newspaper that the ministry had already invited several firms for consultancy and project briefings in preparation for the construction of the new energy plant.

Younes said,""Egypt’s nuclear project is progressing steadily and we expect to start the tender before the end of this year.""

He added that among those invited to tender were the French nuclear reactor-maker Areva, and engineering group Alstom and Westinghouse Electric Co.

The plans are in line with a wider strategy among Egyptian authorities to develop the country’s soft and hard infrastructure in order to attract foreign investors and prepare for quick population growth.

“Egypt needs to work hard on both development and infrastructure,” the Egyptian General Authority for Investment’s chairman, Osama Saleh told Construction Week.

“It would be very hard to attract foreign investors with an extreme deficiency in the infrastructure area.”

Egypt’s population stands at 81 million which is growing by 1m per year - and the power projects are designed to cope with that growth and the anticipated extra demand placed on utilities.#]

(Source:constructionweekonline.com)

publié le 12 September 2010

Egypt wants French investment in transportation sector

[#Egypt and France are looking at potential investment into the North African country’s transportation sector, the state-run MENA news agency reported on Saturday. The report comes ahead of a visit to France by transportation officials and the transport minister.#]

[#With a growing population, Egypt’s transportation sector has been unable to maintain its capabilities, said Ahmed Munir, a ministry official. He told Bikya Masr on Sunday that “France has expressed interest in investing in our transport sector and we are going to explore the possibilities this week.”

Cairo is eager to upgrade its infrastructure, which as seen a massive rise in road fatalities and a lack of appropriate public transportation for the burgeoning population, which is expected to be over 100 million by the end of the decade.

“We have a lot of problems and with French backing, we are confident that the situation can change for the better,” added Munir.

Privatization is on the agenda, and the Egyptian government believes that through this route, better infrastructure can be had.

Transport Minister Alaa Fahmy will meet with French Trade Minister Anne-Marie Idrac, Economy Minister Christine Lagarde, and his French counterpart during a three-day trip starting on Monday, MENA reported.

Egyptian officials will also promote road, rail, subway and port projects in a workshop for about 30 French transport companies, it added.

French contractors have been involved in helping to erect Cairo’s subway system, which consists of two underground lines through the capital, with an additional line in the works.

According to Reuters, last year, a joint venture including France’s Bouygues and Vinci, along with Egypt’s Orascom Construction Industries and Arab Contractors, won a contract for civil works on the metro’s third line#]

publié le 23 April 2012

European business school students pay visit to al khaliji

[# Al Khalij Commercial Bank (al khaliji) QSC hosted 32 visiting students from the Europe Business School (ESC) – Paris, in Qatar to meet their requirements for their final year seminar. The students, from the university’s Wealth Management and Financial Planning program, spent a day at the bank’s headquarters, speaking to relevant department heads about al khaliji’s experience and strategy.#]

[#“We were pleased, and honored, that these bright young students have opted to visit al khaliji during their short stay here in Qatar,” said Abeer Al Kalla, Head of Public Relations and Communications at al khaliji. “We were more than happy to share our stories with them and encourage debate and knowledge-sharing of items related to our industry.”

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The Europe Business School is ranked among the top three business schools on the continent by the Financial Times, and in addition to Paris, has campuses in London, Berlin, Madrid, and Torino. Students from the school are required to complete their final year seminar in a different country every year, with Qatar chosen this year for their studies. Their visit is part of their efforts to become more knowledgeable about Qatar’s financial market and the nation’s emerging wealth management industry. In addition to one-on-one discussions with members of al khaliji team, the students were also treated to a presentation by the bank covering the financial industry in Qatar.

“The students were incredibly receptive to our presentation,” continued Al Kalla. “I like to draw a comparison with Qatar’s own university students and graduates, as both have the ambition and know-how to potentially make a real difference in the financial industries. These are the type of students we hope to attract to join al khaliji’s team.”

The ESC student visit fell under al khaliji’s general corporate and social responsibility program that aims to support education, enhance business knowledge and build awareness in the local business community. To learn more, please visit www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 26.6 billion in total assets and QR 12.1 billion in customer deposits as of 31 March 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 20 November 2011

Exceptional attendance at al khaliji hosted anti-money laundering regulations and compliance workshop

[#Under the patronage of the National Anti-Money Laundering and Terrorism Financing Committee, Al Khalij Commercial Bank (al khaliji) QSC held the “Anti-Money Laundering and Compliance Management Implementation in the Qatari Financial Industry’ workshop at the Diplomatic Club on November 17th. At the beginning of the event and in his welcoming address, Sheikh Hamad Bin Faisal Bin Thani Al Thani, al khaliji Chairman, said,

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Sheikh Hamad Bin Faisal address

“This workshop, organized with the Qatar’s National Anti-Money Laundering and Terrorism Financing Committee, not only shows our commitment to implementing the committee’s rules and regulations, but also emphasizes the importance local financial institutions can play in supporting Qatar’s 2030 Vision in developing a modern and competitive economy. By complying with both local and international regulations, financial institutions, along with support from the State of Qatar, can create an environment where business can thrive. To fulfill the vision, therefore, it is more than a commitment – it is an obligation.”

In introducing the speakers, Ms. Abeer Al Kalla, Head of Public Relations and Communications, highlighted the importance of discussing the issue of anti-money laundering (AML) regulations, and complying with their requirements. She further added,

“al khaliji’s hosting of the workshop falls under the bank’s corporate responsibility strategy which aims to further education, enhance business knowledge, and build awareness amongst Qatari’s local business community.”

The event included presentations from a plethora of local and regional experts in the field, who shared their expertise and experiences with attending participants.

Three speakers took the podium to deliver key opening notes. Mr. Steve Reece, al khaliji’s Chief Risk Officer who spoke of the challenges facing the Qatari financial sector. In addition, he touched upon the bank’s own successes when it came to anti-money laundering regulation compliance.

“We regard our approach to anti-money laundering compliance as a success story,” explained Mr. Reece. “By getting every division of the bank involved, we have invoked the culture of compliance at al khaliji. This, in itself, has formed the backbone of our compliance programs. Moreover, our approach works aligned across all jurisdictions we operate in– in Qatar, in France, and in the UAE.”

Mr. Reece’s address was followed by a opening speech from H.E. Sheikh Ahmed Bin Eid Al Thani, Head of Qatar Financial Information Unit (Member of the National AML & TF Committee), and a speech by Mr. Adel Al Qulish, Executive Secretary of the Middle East and North Africa Financial Action Task Force (MENA-FATF)

Mr. Osama Zeineh, Group Head of Compliance at al khaliji, kicked off the main presentations with ‘al khaliji’s AML and Compliance Frameworks – a Practical Approach.’

“As al khaliji operates in multiple jurisdictions, we have assessed the regulatory requirements of the different local, regional and international regulatory authorities and incorporated relevant requirements into its practice. As legislation continues to evolve, it was important to proactively keep an eye out for any new regulations or amendments and mitigate any potential risks.” He further added,
“al khaliji Board of Directors provided the support and independence to the compliance officer by reporting directly to the Board Compliance and Risk Committee. Our compliance programs have been defined into key pillars that enabled us to enforce the compliance with AML & CTF rules into all bank areas. These pillars enabled the business units to develop and grow legally and ethically within the Bank as well as earing the trust of our regulators and other key stakeholders.,”.

In addition to Mr. Zeineh, a number of presentations were also delivered, one addressed “AML Regulations and Supervision Approach”, which was presented by Mr. Al Al Sulaiti, Head of the Anti-Money Laundering Unit at the Qatar Central Bank. A question and answer session followed. Ms. Fatma Al Dosari and Mrs. Khawla Mohammed Al Darwish, from the Qatar Financial Information Unit discussed ‘Suspicious Transaction Reporting and Case Studies’.

At the end of the workshop, Dr. Ali Al Amari and Christiaan Shidyaq, from the Qatar Financial Center Regulator Authority delivered a presentation on ‘The Risk-Based Approach’.

While this was the first time al khaliji hosts this conference under the patronage of National Anti Money Laundering and Terrorism Financing Committee, the event was well received and constituted a platform where attendees and representatives from the Qatar Banking and Financial sectors were able to exchange and share knowledge and experience on this specific topic.

To learn more, please visit www.alkhaliji.com.


about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 4 October 2010

Ferrari World Abu Dhabi Announces Opening Plans

Ferrari World Abu Dhabi has revealed its launch plans of the world’s largest indoor theme park with an opening celebration a day earlier than anticipated.

[#Ferrari World Abu Dhabi will open to the public for the first time, starting at seven o’clock in the evening on Wednesday 27th October 2010. Guests will be able to experience a wide variety of rides and attractions and join in the special festivities with shows, dedicated entertainment and free souvenirs.

“We are excited to open our doors to the public earlier than previously anticipated, on Wednesday 27th October 2010 and we look forward to welcoming many guests to mark this historic day,” said Claus Frimand, General Manager, Ferrari World Abu Dhabi. “This will be the beginning of an exciting Inaugural Period, with the start of operations at the world’s first Ferrari theme park.”

“The Inaugural Period will continue throughout November, leading up to a Grand Opening in December with the official launch of Ferrari World Abu Dhabi,” he added.

During Ferrari World Abu Dhabi’s Inaugural Period, families and racing fans will be able to experience the legendary Ferrari passion, history and culture through various rides and attractions, in addition to unique shopping and dining experiences. From the world’s fastest rollercoaster, Formula Rossa; the region’s first dueling roller coaster, Fiorano GT Challenge and the 4-D experience inside Speed of Magic; Ferrari World Abu Dhabi will offer a truly amazing experience for every member of the family.

Ticket prices range from AED 225 for guests above 1.5m, and AED 165 for visitors below 1.5m. Guests can upgrade their experience with a Premium Ticket, which will give them priority on all attractions and access to an exclusive lounge with refreshments, as well as other benefits. Premium Tickets cost AED 375 for guests above 1.5m and AED 270 for visitors below 1.5m. All tickets provide unlimited use of rides and attractions inside Ferrari World Abu Dhabi. The park will be operating on a six-day a week schedule from Tuesday to Sunday, welcoming visitors from 12 noon each day.

"Our operations team of nearly 850 dedicated staff is currently conducting comprehensive ride testing,” added Frimand. “They have all successfully completed extensive training programs on safety procedures and are passionately working round the clock as we count down the days to the Public Opening date.”

“We are on schedule to open the park with a wide selection of rides and attractions. We have managed to turn one of the world’s most exclusive brands into an extraordinary experience which families and fans will come back for time and time again,” concluded Frimand.

Ferrari World Abu Dhabi will feature many Ferrari-inspired rides and attractions that range from speed thrill rides to the world’s most advanced simulators and family-friendly attractions.

- Ends -

About Ferrari World Abu Dhabi:

Ferrari World Abu Dhabi will be the world’s largest indoor and first Ferrari theme park. It will be an intense multi-sensory experience and a must-visit for enthusiasts, fans and families. With more than 20 unique rides, attractions and shows, including the world’s fastest rollercoaster, Ferrari World Abu Dhabi will be a celebration of Ferrari’s past, present and future. Opening to the public on 27 October 2010, Ferrari World Abu Dhabi is set to be one of the signature features of Yas Island, a 2,500 hectare island dedicated to leisure, entertainment and lifestyle.
Ferrari World Abu Dhabi is a world-class development by Aldar Properties PJSC, Abu Dhabi’s leading property development, management and investment company and will be managed by Farah Leisure Parks Management LLC, a joint venture between Aldar Properties PJSC and ProFun Management Group Inc., an international leisure facilities management and operating company.#]

publié le 6 June 2010

Ferrari World Abu Dhabi to Open October 28, 2010

[#Barcelona, May 6, 2010: Ferrari World Abu Dhab, the world’s first Ferrari theme park and largest attraction of its kind, has announced that it will open its doors to the public on October 28, 2010, three weeks ahead of the second Formula 1™ Etihad Airways Abu Dhabi Grand Prix.#]

[#The long anticipated opening date was announced in a ceremony held on 6th May 2010 at the Spanish Grand Prix in Barcelona, attended by representatives from Ferrari, Aldar Properties PJSC and Ferrari World Abu Dhabi.

Ferrari World Abu Dhabi will pay tribute to the passion, excellence, performance, and technical innovation that Ferrari has established over the years and represents today. Its iconic sleek red roof is directly inspired by the classic double curve side profile of the Ferrari GT body, spanning 200,000 m² and carrying the largest Ferrari logo ever created.

In celebration of the opening date announcement, Ferrari World Abu Dhabi unveiled one of its featured attractions. Officially named “Formula Rossa,” this attraction will offer guests a once-in-a-lifetime experience blasting away on the world’s fastest roller coaster reaching speeds of up to 240 km/h.

After the inaugural Formula 1™ Etihad Airways Abu Dhabi Grand Prix held on Yas Island on November 1 2009, the opening of Ferrari World Abu Dhabi signals a milestone in bringing Abu Dhabi global recognition. Ferrari World Abu Dhabi will be a key element in expanding the appeal of Abu Dhabi to travelers, both business and leisure. Ferrari World Abu Dhabi will have over 20 rides and attractions which will bring to life the Ferrari brand in ways which appeal to a diverse international audience. In addition to Formula Rossa, visitors to Ferrari World Abu Dhabi will also enjoy an aerial voyage through Italy following a Ferrari, a G-force experience taking passengers on an adrenaline-pumping ride up over 62 m, through the roof and back down again, and a flume ride journey through the heart of a Ferrari 599 engine.

“We are very pleased to be a part of today’s announcement of the opening date of this unique and exciting attraction alongside our partners at Ferrari. Signature projects like this are another element of our commitment and contribution to Plan Abu Dhabi 2030, by delivering attractions that further enhance the Emirate’s credentials as an inspiring place to live and visit. ” commented Mohammed Al Mubarak, Chief Commercial Officer at Aldar, Abu Dhabi’s leading property development, management and investment company, and Chairman of Farah Leisure Parks Management LLC.

Ferrari World Abu Dhabi is located on Yas Island, a 25 km² entertainment and recreation destination and venue for the first Formula 1™ Etihad Airways Abu Dhabi Grand Prix. Ahead of the inaugural race last November, Aldar delivered the Yas Marina Circuit, 7 brand new hotels, Yas Marina and all the infrastructure and race-related facilities. A number of new entertainment attractions will open to the public in the few coming years, including the first Links golf course in the region opening in late 2010, and a super regional mall in 2012.

Yas Island is one component of the mass infrastructure development outlined in the Abu Dhabi Government’s 2030 Plan to diversify and expand the emirate’s economic base. When completed, Yas Island is set to be a global tourist destination.#]

publié le 15 July 2010

Fidessa Clients Trading on NASDAQ Dubai’s DFM Platform from Go-Live

[#Fidessa group plc (LSE:FDSA), provider of award-winning trading, market data and global connectivity solutions for the buy-side and sell-side, today announced that a number of its clients have deployed the Fidessa sell-side order management system to trade NASDAQ Dubai equities from day one of trading on DFM’s X-Stream trading platform.
#]

[#
Following Dubai Financial Market’s (DFM) acquisition of two thirds of the shares of NASDAQ Dubai from NASDAQ OMX and Borse Dubai, NASDAQ Dubai outsourced trading in its listed equities to DFM’s X-Stream technology platform which went live on July 11. Working closely with the exchanges, Fidessa met challenging timescales to ensure that its trading system was fully compliant, enabling its clients in that region to go live seamlessly on the new infrastructure from day one.

Ian Salmon, Head of Enterprise Business Development at Fidessa, commented: “We have been supporting several NASDAQ Dubai members for a number of years and it is pleasing to have met the aggressive timescales and specific requirements associated with this significant transition so comfortably. Working very closely with NASDAQ Dubai has undoubtedly played a big part here, and the project as a whole is a further sign of Fidessa’s firm commitment to the Middle East region. Our aim is to achieve comprehensive regional coverage, and the successful completion of this work takes us a step closer to realising that.”

Dean Noble, Head of Market Operations at NASDAQ Dubai, added: “DFM and NASDAQ Dubai have both achieved notable success as listing and trading venues, but with different approaches. The outsourcing of NASDAQ Dubai’s trading and other market operations functions to DFM has enabled each to benefit from the other’s strengths. This move will build critical mass for Dubai’s capital markets more quickly, providing a powerful trading hub for the GCC and the wider Middle East region.”

In the last twelve months Fidessa has expanded the range of services it offers across the Middle East. The company announced earlier this week that NCB Capital has selected its sell-side trading platform to support its retail and institutional client operations on the Saudi stock market, as well as its global trading activities. Fidessa has also signed brokers such as EFG Hermes and Mubasher Financial Services to its global connectivity network, one of the largest and most diverse trading communities in the world, linking more than 2,400 buy-side institutions, 530 brokers and 130 markets across Europe, the Middle East, Asia Pacific and the Americas.

Fidessa group serves around 25,000 users across more than 850 clients around the world and its products are used by more than 85 per cent of tier-one financial institutions.

About NASDAQ Dubai

NASDAQ Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional bonds.

The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).

www.nasdaqdubai.com

About Fidessa group

Fidessa group is the leading supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.

PEDIGREE

A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.

EXPERIENCED

With over 28 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.

SCALE

Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 25,000 users across 850 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.

ESTABLISHED

Fidessa group is listed on the London Stock Exchange (symbol FDSA) and is a FTSE 250 company. Fidessa has a turnover of around £240m, has delivered 30% compound growth since its 1997 listing and now employs 1,500 people globally.#]
www.fidessa.com

publié le 22 February 2008

French Art Festival premieres in the UAE

The prestigious French Art Festival (FAF) will debut at the Cultural Foundation, Abu Dhabi, from 12-15th March 2008. The event will be held under the patronage of Sheikha Manal bint Mohammed bin Rashid Al Maktoum, wife of HH Sheikh Mansour Bin Zayed Al Nahyan, minister of presidential affairs, president of Dubai Women Establishment.

FAF will exhibit in Dubai from 2-5th March 2008 before it moves to Abu Dhabi Exhibition Centre from 12 to 15 March. This newly launched initiative will become an annual event and is designed to promote highly sought after French contemporary art within the UAE. Thirty renowned French artists were specially handpicked to best reflect the diversity of contemporary French art. Work displayed will range from paintings and sculptures, to design artwork, tapestries and photographs.
The same artists will exhibit 350 pieces in Abu Dhabi and a different set of 350 works in Dubai. In Abu Dhabi, Christine Barres, the famed French painter, will be holding a workshop for those who are interested in widening their artistic horizons, and local guest artists Mohamed Kanoo, Wasel Safwan and Mohammed Mandi will participate in the exhibition. The celebrated exhibiting artists will include such painters as Christine Barres, Robert DiCredico, Pascal Magis, Brigitte Martinet and the sculptor Jean Louis Toutain.
Emirates News Agency, WAM

publié le 30 October 2012

Guests Capture the Beauty of Coral Beach Resort – Sharjah through their Lens

[#Coral Beach Resort – Sharjah announced winners of its hugely popular Photography Contest last week. Over 100 guests took part in the competition that is second year in the running and is open to all staying at the resort. The theme this year was ‘Sun & Fun’ and the photographs had to be taken within the resort’s premises on October 17 and 18. The contestants submitted their entries on October 19th and only one picture per participant was allowed.
#]

[#Jean Pierre Simon, Regional General Manager – Northern Emirates, Coral Hotels & Resorts, said, “The idea is simply to capture the resort’s beauty from a different perspective that varies from one person to another. And the results are absolutely stunning. In fact, the quality of the photos keeps getting better each year.”

The entries show Coral Beach Resort – Sharjah at its most diverse and beautiful, and are on display at the hotel’s lobby. While all contestants were recognized with a special letter from the management, the first prize winner walked away with a digital camera. The second and third spot winners were given family dinner at Casa Samak Restaurant and 60 minute massage at the beach respectively.”

Jean Pierre commented, “We have got some spectacular images of the resort – many look like paintings in a gallery. These striking photographs offer a window into how guests look at the hotel and the life in it. Be it breath-taking shots of the beach, children playing in the garden or enjoying in the pool, or a couple watching the sun go down – all are great.”

The Coral Beach Resort – Sharjah is a picturesque hotel featuring 156 spacious rooms as well as a range of leisure activities for all ages, including two Rimal Club outdoor swimming pools, children’s pool, indoor playroom and complimentary Kid’s Club as well as tennis, badminton and volleyball play areas.

For more information please visit http://coral-beachresortsharjah.com
#]

publié le 4 April 2013

Hassad Food of Qatar acquires Majority equity interest in Bush Foods Overseas, India

[# Hassad Food, Qatar’s premier investor in the agriculture and livestock sectors has acquired a majority equity interest in India-based Bush Foods Overseas Pvt Ltd. The transaction which was announced today in a press conference in New Delhi was concluded and signed in Doha by the Chairman of Hassad Food His Excellency, Mr. Nasser Al Hajri, and Mr. Virkran Awasty, Managing Director of Bush Foods Overseas and in the presence of H.E Mr. Hassan Mohammed Al Emadi Ambassador of the State of Qatar in India.#]

[#Bush Foods Oversees was founded in 1992 and has current turnover of 235 millions $US. The Company specializes in premium basmati rice and has diversified into value added processed foods such as RTE (Ready to Eat), spices and other ethnic range of international brands which are available in 60 countries worldwide.

Bush Foods’ flagship brands Neesa, Himalayan Crown and Indian Star, are considered amongst the most trusted and reputed basmati rice brands globally for their consistent quality.

This milestone acquisition will position Hassad Food on the global business map as major provider in the basmati rice domain and will be considered another achievement for the Qatari company since its establishment in 2008.

On the occasion, H.E. Mr, Nasser Al Hajri, Chairman of Hassad Food said: “We are very excited about this acquisition which is a strong testament that Hassad Food is on the right track towards achieving its vision in becoming a leading global provider of high quality food products.”

“Hassad’s mission is to own and develop an efficient, profitable, growth-oriented global brands, contributing to the welfare of Qatar and other societies by providing high quality products while using the latest technology in harmony with the environment and adhering to the highest standards of corporate social responsibility and I am confident that the acquisition of Bush Food Overseas and its international brands is in line with what we are trying to achieve and will deliver what is expected from it” H.E. Mr. Al Hajri concluded.

Bush Foods Overseas facilities are equipped with a brand new, US $ 30 million, State-Of-The-Art, next generation fully automated technology rice mill with an annual capacity of 180000 MT of top quality premium Basmati.

Mr. Virkran Awasty, Managing Director of Bush Food Overseas stated, “ We are very happy with the deal. Bush Foods Overseas has worked hard to be a respected name in the Basmati rice domain worldwide and now it has become amongst the first Indian food company’s to be acquired by a World reputed Food Company from Qatar like Hassad Food and I am confident that Hassad Food is the ideal long term majority partner that can take the company to an even higher level”.

Bush Foods caters to some of the finest quality names in the world like Westmill Foods (UK), Loblaw Group of Companies (Canada), Metro Super Markets (Canada) , Sobeys (Canada) , BJ’s Club (USA), Sam’s Clubs (USA), Wal-Mart (Canada, USA and UK), Biglots (USA), Riso Gallo(Italy), Union Trade(Italy), Albert Heijn Supermarkets(Holland), Carrefour (UAE, Kuwait, Bahrain), Leclerc (Poland), Jumbo Super Market (Holland), Aljazeera (Bahrain), Jassim Al Wazzan (Kuwait), Al Maya Group (Dubai), AX Foods (Sweden), Migros (Switzerland), Pic n Pay (S.Africa), Ali Bin Ali (Qatar) and major Indian supermarket chains, Bharti Wal-Mart, Spencer’s, Reliance, ABRL, Metro, Food world, Spar to name a few.

This major strategic financial transaction, which took few months to be completed, witnessed the engagement of QInvest and Ambit as Financial Advisors to Hassad Food and KPMG Corporate Finance, India as advisors to Bush Foods.

For more information:

Hassad Food please visit: www.hassad.com.

Bush Foods Overseas, please visit www.bushfoodsbasmati.com
#]

publié le 17 January 2010

Islamic finance can cash in on demand for infrastructure

[#There is tremendous potential for Shariah-compliant financing of infrastructure projects in the GCC and globally, said a study.
#]

[#Increasing the Shariah-compliant share of such projects would help meet an infrastructure funding demand that ranges from $535 billion (Dh1.93 trillion) over the next decade to as much as $2trn by 2020, said the study.

The Dubai International Financial Centre Authority yesterday released the latest in its series of whitepapers called: "Islamic Financing for Infrastructure Projects".

The whitepaper highlighted that infrastructure projects are ideal for Islamic financing, in part because of Islamic finance’s preference for equity-based and asset-backed projects, as well as because many infrastructure schemes benefit the wider community, which fits well with the moral underpinnings of Islamic finance.

An example is the recently listed $100 million International Finance Corporation Hilal Sukuk on Nasdaq Dubai and the Bahrain Stock Exchange, the proceeds of which will fund infrastructure and health projects in Yemen and Egypt.

Farhan Al Bastaki, Executive Director Islamic Finance at the DIFC Authority, said: "The paper comes at a time when governments are increasingly looking to the market – through public-private partnerships and otherwise – to help fund enormous infrastructure requirements. At the same time, Islamic finance continues to grow at double-digit rates and increasingly entering the mainstream global financial sector as an important asset class."

The potential for Shariah-compliant sources of infrastructure financing also is driven by its low share in overall Islamic financing. Only 22 per cent of the $40bn in Shariah-compatible financing within the GCC has gone into infrastructure projects, while 11 per cent of the $14.9bn in sukuks issued in the GCC during 2008 was used for infrastructure.

The study provides a summary of the various Shariah-compliant financing structures; it examines challenges to increased Islamic financing of infrastructure projects; and it offers possible solutions.

The report also identified a number of hurdles to the increased adoption of Shariah-compliant structures.

These include a lack of regional and global standardisation, and legal regimes that do not directly address Islamic project finance structures, thereby creating uncertainty in the case of default or other contingencies. And the majority of Islamic financing is debt-based and short-term focused, therefore making them inappropriate for long-term infrastructure financing.

International Monetary Fund’s Director for the Middle East and Central Asia, Masood Ahmed, yesterday said global investors’ interest in Islamic bonds will depend on the evolution of the legal framework surrounding the securities.

In 2009, nearly all sukuk issues were made by states and quasi-sovereign entities, and ratings agency Moody’s has said this helped issuance rise 40 per cent during the first 10 months of the year compared with 2008.

"There is a big move going on in the sukuk market towards more highly rated sukuk, and credit risk is becoming more an issue because some of the sukuk that have defaulted were unrated," said Simon Eedle, Managing Director at Global Islamic Banking at Calyon.#]

publié le 15 March 2011

Kuwait Oil and Gas Summit & Exhibition 2011, 4-5 April 2011

[#The Kuwait Oil & Gas Summit & Exhibition will bring together senior decision makers in the Kuwait and international oil and gas industry to highlight the opportunities and challenges of Kuwait energy in a global context, focusing on the development, diversification and growth of the economy.#]
http://www.cwckuwait.com/summit/index.aspx

publié le 22 February 2008

Largest Islamic Art show open

One of the largest and rarest Islamic Art exhibitions in the world was inaugurated on Tuesday at Emirates Palace. "The staging of this magnificent exhibition sets the tone for Abu Dhabi’s cultural ambitions as defined by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and General Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces," said Sheikh Sultan Bin Tahnoun Al Nahyan, Chairman of the Abu Dhabi Authority for Culture and Heritage and Tourism Development and Investment Company (TDIC).

With over 500 pieces of Islamic artwork, dating back to over 1,000 years, the ’Arts of Islam: Treasures of the Khalili Collection’ exhibition is one the largest and rarest exhibitions in the world.
"The exhibition illustrates the breadth of artistic achievement in the Islamic world and also reflects its geographic diversity," said Professor Nasser D. Khalili, Iranian scholar, collector and benefactor who assembled the collection under the auspices of the Khalili Family Trust.
"It showcases exquisite treasures from a broad spectrum of media from as far east as China, India and Iran, across the Middle East to North Africa and Spain. "The works on display have been specifically chosen to illustrate the development of Islam’s rich artistic heritage over a period of some 1,400 years. The subjects covered include religion, science, poetry, literature, calligraphy, painting and architecture, in addition to the decorative arts.
"The religious section explores art made to honour the majesty of God and his word, the Holy Quran, and to meet the requirements of the religion. The secular section presents the arts made to serve the needs of the sovereign and ruling classes." According to Khalili, who says he has spent over 40 years collecting Islamic art work, the items on display are from around 50 Muslim countries.
Gulf News

publié le 29 October 2014

MBDA readies SIMBAD RC for deliveries

press release

Photo :Photo SIMBAD RCjpg]

The SIMBAD-RC ship self-defence system of MBDA has now entered the qualification phase. The first deliveries of series production units will occur in 2015.

The SIMBAD-RC is the "remote controlled" variant of the SIMBAD twin launcher system equipped with two ready-to-fire Mistral missiles, already in service with the French Navy and with several navies around the world.

Designed to be the main air defence system of Fast Patrol Boats and auxiliary ships or a complementary air defence system for corvette/frigate, the SIMBAD-RC is mounted on a stabilized launcher and remotely controlled from the ship’s operations room, where a single operator can control two SIMBAD-RC launcher systems.

The SIMBAD-RC allows the warship self-protection against a wide range of threats ranging from anti-ship missile to FIAC’s.

Started in 2011, the development of the SIMBAD-RC benefits also from a 4th Generation IR thermal sight, which enables passive detection and identification of targets at long range.

Communalities with the previous SIMBAD system infrastructures should allow an easily upgrade to the SIMBAD-RC standard.

Up to now, the SIMBAD-RC system has been ordered by two Navies for several dozen units.

Antoine Bouvier, CEO of MBDA, stated : "The SIMBAD-RC programme is a perfect example of MBDA’s strategy aimed at developing land and naval systems at the cutting edge of technology, systems that correspond perfectly to the operational requirements of our customers while at the same time maximizing the efficiency of our missiles. The commercial success of this nascent programme serves as a welcome confirmation of this strategy".

publié le 19 September 2015

MBDA to Market BAE Systems’ APKWS Laser-guided Rocket in Europe

press release

BAE Systems, Inc. today announced an agreement with MBDA to support marketing efforts for the Advanced Precision Kill Weapon System (APKWSTM) laser-guided rocket. Under the terms of the agreement, MBDA will lead marketing efforts for the BAE Systems, Inc. APKWS rocket in Europe.

"MBDA’s position as a prime weapon systems integrator in Europe, and the existing relationship between BAE Systems and MBDA, made this agreement a natural fit," said David Harrold, director of precision guidance solutions at BAE Systems, Inc. "As part of a global campaign, we anticipate this joint marketing effort will create a channel to meet the increasing demand from the European market for the APKWS rocket."

The APKWS system is a mid-body guidance section fitted between the motor and the warhead, transforming a standard unguided 70 mm (2.75 in) munition into a precision laser-guided rocket to provide warfighters with a low-cost surgical strike capability. This highly innovative approach requires no modifications to the rocket, launch platform, or fire control/launcher system and allows militaries to leverage existing infrastructure and munitions investment.

"The APKWS rocket offers our customers high precision at a low cost," said Paul Mead, group business development director at MBDA. "The system is suitable for a wide range of rotary and fixed wing platforms and complements our existing portfolio."

More information on the APKWS rocket can be found at www.baesystems.com/apkws.

BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc.

publié le 29 October 2014

MBDA: Successful Final Qualification Firing for MdCN

press release

The French DGA (Direction Générale d’Armement) has successfully carried out the final qualification firing of the MdCN system (Missile de Croisière Naval, also known as NCM or Naval Cruise Missile). The firing, which took place on 27th October 2014 at the DGA’s "Missile Test Centre" at Biscarrosse (Landes) on France’s Atlantic coast, represented a missile launch from a frigate.

The firing enabled the full scope of flight objectives to be satisfied, particularly regarding the demonstration of the missile’s range performance. This success comes as a result of the intense and coordinated efforts of a number of state participants (notably the DGA’s test and evaluation centres and the French Navy) as well as industry (MBDA France).

MdCN will equip the French Navy’s FREMM (multi-mission frigates) during 2015 and its Barracuda submarines in around 2018.

Featuring a range of several hundred kilometers, MdCN has been devised for striking targets deep within enemy territory. It complements the air-launched cruise missile, Storm Shadow/SCALP, from which it is derived. Carried on surface warships positioned safely for prolonged periods in international waters, overtly (frigates) or discretely (submarines), MdCN has been designed for operations calling for the destruction of high value, strategic infrastructures.

MBDA was awarded the MdCN contract by the DGA in 2006.

publié le 7 July 2013

Nakheel expands business portfolio with new Hospitality and Leisure division

Press relaese

Nakheel is expanding its business portfolio with the creation of a new division – Nakheel Hospitality and Leisure – to focus on the company’s growing number of hotels, beach clubs and community recreation centres.

The new division, headed by newly-appointed Managing Director Thorsten Ries, will oversee the development and operations of Nakheel’s hotels and clubs – a key element of the company’s business strategy.

Nakheel is building a 240-room hotel at Dragon Mart, as part of its major expansion of the China-themed mall, a five-star, 40-storey hotel that will form part of the Nakheel Mall and Hotel complex on Palm Jumeirah and an economy hotel at Ibn Battuta Mall. More hotels are in Nakheel’s project pipeline.

The developer also owns and operates a growing number of recreation and leisure clubs, including Jumeirah Islands Club, Jebel Ali Club and the Shoreline Beach Clubs on Palm Jumeirah.

German-born Thorsten comes from an extensive hoteliers’ background and has more 20 years’ experience in the industry. He has worked in Europe, Asia and the Middle East, starting his career with Kempinski before moving to Marriott, Four Seasons and Ritz Carlton, among others.

publié le 26 September 2013
presse release

Paris-Sorbonne Abu Dhabi signs a cooperation agreement with France’s Pierre and Marie Curie University

An education cooperation agreement was signed yesterday between Paris-Sorbonne University Abu Dhabi and Pierre and Marie Curie University, the "leading French university in science and medicine". This agreement marks the launch of the Physics undergraduate programme in the Abu Dhabi campus, which will be taught in English and will provide fundamental courses in modern areas such as physics, mathematics, computer sciences and applied physics.

Professor Barthélémy Jobert, president of Paris-Sorbonne University and Professor Jean Chambaz, president of UPMC signed this agreement at the PSUAD quarters - Abu Dhabi, in the presence of Professor Eric Fouache, president of PSUAD alongside members of the teaching committee and students enrolled in the new specialization.

Prof. Barthélémy Jobert said: " Paris-Sorbonne University Abu Dhabi provides students with a unique opportunity to obtain a French bachelor degree in Physics, delivered by one of the most prestigious and internationally renowned universities in the world - Pierre and Marie Curie of Paris".

"The bachelor of Physics is an international programme of high level purposely established to prepare students in the multi-faceted field of physics".

Jobert affirmed that this degree aims to develop graduates with the key practical skills and interdisciplinary knowledge in both fundamental and applied physics required to address today’s global challenges.

"With courses starting soon, students of the new bachelor programme are fortunate to be taught the sciences of physics by one of the oldest scientific universities, knowing that the excellent preparation will put them at a cutting edge advantage as a first promotion", he added.

Jobert believes the launch of a scientific specialization by Paris Sorbonne University Abu Dhabi falls under its objectives to provide a diverse and modern programme and ensure better opportunities for the students in the work field, to meet the needs of the United Arab Emirates and the job market in general. This way, the university is actively contributing to the economic and technological advancement of the country and its increasing interest in revolutionary sciences and technologies.

On the other hand, Prof. Jean Chambaz - President of UPMC said: "The Bachelor’s degree delivered to the students of Paris-Sorbonne University Abu Dhabi will have the same scientific and international value as the one delivered in Paris".

He added: "This is the first time UPMC agrees to deliver its programmes outside the university’s campus. However, the idea of the Bachelor of Physics came through following the decision of PSUAD to provide scientific specialization.

We were approached by Prof. Barthelemy Jobert, President of the Sorbonne University in Paris with a cooperation request, supported by the country’s authorities desire to launch scientific programmes at PSUAD, knowing that the launch of new scientific majors will solely depend on the demand of the Emirati party".

During the ceremony, Prof. Chambaz indicated the bachelor in Physics encompasses one year of foundation, followed by 3 years in physical sciences and mathematics taught in English by cutting edge researchers.

The programme covers modern topics of physics, mathematics, computer sciences and applied physics in addition to e-technology related laboratory allowing students to acquire lively knowledge with state of the art equipment and enabling them to apply for Masters in Physics or in Materials Sciences and Engineering.

He said: "This programme will help students acquire the basis of modern physics, while emphasizing on experiments and high levels of professional skills required in the job market through courses in languages, information technology and general culture. Individual follow up with students and interviews at the end of each semester will ensure them the support and guidance they need for their future".

The University of Pierre and Marie Curie in France is one of the thirteenth Parisian universities, and a member of the Association of Research Universities in Europe. It has more than 900 years of scientific activities and stands for French excellence in science and medicine. It is also the largest university in France in this field.

- Ends-

About Paris Sorbonne University Abu Dhabi

Paris-Sorbonne Abu Dhabi university was established in May 2006, under the patronage of HH Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and deputy supreme commander of the armed forces, the Abu Dhabi Education Council (ADEC) and Paris-Sorbonne University. Paris-Sorbonne Abu Dhabi is an Emirati university, that benefits from the 760 years of experience of the prestigious Sorbonne, with a state-of-the-art campus located on Al Reem island combining comfort with the efficiency of new technologies. The method, the education, the degrees however are French, issued by the University of Paris-Sorbonne in the field of Humanities, by the University of Paris-Descartes for Law, Management and Economics and by Pierre and Marie Curie University in science. Paris-Sorbonne University Abu Dhabi offers world-class degrees, both in undergraduate and postgraduate programmes, following the European Credit Transfer System (ECTS) and also accredited by the UAE Ministry of Higher Education and Research.

Paris-Sorbonne University Abu Dhabi is devoted to Abu Dhabi’s vision of creating a cultural and scientific hub, and is an agent to realize this 2030 vision by delivering the future Emirati and international workforce and contributing to support the UAE’s economic diversification.

publié le 5 November 2013

Paris-Sorbonne University Abu Dhabi hosts ‘Golden Age of Arab and Islamic Science’ Exhibition

Special exhibition will be held for the first time in the UAE

UAE, Abu Dhabi, 19th September 2013: Paris-Sorbonne University Abu Dhabi has held a press conference at the university headquarters on Al Reem Island to announce the launch of the ‘Golden Age of Arab and Islamic Science’ exhibition. This will be held in the university’s lobby from 24 September 2013 to 14 January 2014.

The exhibition will shed light on a selection of scientific and intellectual accomplishments that the Islamic civilisations became famous for, changes that went on to have a huge impact on the future of civilisations across the world. These include the study of The Sky and The Earth, Humanity, and the Arts and Sciences.

The exhibition, which will be held for the first time in the UAE, reveals fascinating insights into an era of ground-breaking discoveries and innovations by Arab and Muslim thought leaders in the scientific arena. The period between the 8th and 15th centuries was characterized by numerous intellectual breakthroughs that still have enormous significance in modern science. The exhibition is expected to attract the academic elite, particularly the scientific fraternity, as well as high profile representatives of diplomatic missions.

The highlights will include inventions, writings and artefacts that had a massive impact on Islamic civilization in fields as diverse as architecture, the arts, pharmacology, applied physics, chemistry and mathematics as well as human and environmental sciences.

Visitors will come face to face with intriguing models, images and ancient manuscripts dating back to the golden era, and will be able to trace the dawn of a scientific revolution begun by Arabs and Muslims that inspired the world and paved the way for modern advancements. Over 200 artefacts and manuscripts will bring this productive era to life, and visitors will be transported back in time through audio-visual interactions and advanced computer-generated simulations of what life was like.

HE Dr Mugheer Khamis Al Khaili, Director General of Abu Dhabi Education Council (ADEC) and Vice President of the Management Council of Paris-Sorbonne University Abu Dhabi, elaborated: “This scientific and cultural showcase proves that the Arab world has a proud heritage of intellectual and humanitarian contributions to mankind. These profound innovations still resonate in the academic communities of the West, and indeed the entire world. I call on all students from all schools and universities in the UAE to come and rediscover the pioneering accomplishments of our ancestors, so that we can reclaim our rightful position as the global pacesetter and pathfinder in the academic sphere, while inspiring the rest of the world to follow in our footsteps.”

Commenting on the exhibition, Prof. Eric Fouache, Vice-Chancellor of Paris-Sorbonne University Abu Dhabi explained: "We are nurturing a greater level of awareness and appreciation for the remarkable contributions made by Arab and Muslim thinkers who set the foundations for modern science and art. By hosting this exhibition, we will reawaken the same unquenchable thirst for knowledge in the minds of modern students that led to these revolutionary breakthroughs.”

He added: "Nobody can dispute the impact Muslim scholars had on modern medicine, chemistry, mathematics and other fields. Paris-Sorbonne University Abu Dhabi is bridging between civilizations by showcasing the connection between ancient and modern thinkers. This will enrich the world’s understanding of contemporary challenges by re-examining the wealth of knowledge that we inherited from the constellation of early scientists.”

A series of scientific lectures, seminars and workshops have been organized to supplement the insights gained from the exhibition, raising awareness and interest among students. The lectures will be delivered by an all-star line-up of internationally acclaimed researchers, academics and prominent industry personalities from the UAE, France, Lebanon and the US, among others.

According to Dr Fatima Al-Shamsi, Deputy Vice Chancellor of Administrative Affairs for Paris-Sorbonne University Abu Dhabi: "Hosting this exhibition for the very first time in the UAE is a clear indication of this country’s ability to host high profile events of global significance. At Paris-Sorbonne University Abu Dhabi we are immensely proud to embrace a scientific and cultural event of this magnitude and importance, particularly since the scientific advancements being showcased have had a major impact on scholars at the world’s leading universities. We have no doubt that this exploration and rediscovery of Islamic innovations will positively impact the world of academia, igniting a rethink and a shift of attitudes about the role of Arabs and Muslims in scientific and cultural advancement.”

The highly acclaimed exhibition made its debut in 2005 in Paris, before being hosted in Doha, Qatar in 2011. A media campaign will be run throughout September, giving additional information to foster a greater understanding of how Arab and Islamic thinkers contributed to a quantum leap in scientific and cultural progress.

- END -

About Paris Sorbonne University Abu Dhabi:

Paris-Sorbonne Abu Dhabi university was established in May 2006, under the patronage of HH Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and deputy supreme commander of the armed forces, the Abu Dhabi Education Council (ADEC) and Paris-Sorbonne University. Paris-Sorbonne Abu Dhabi is an Emirati university, that benefits from the 760 years of experience of the prestigious Sorbonne, with a state-of-the-art campus located on Al Reem island combining comfort with the efficiency of new technologies. The method, the education, the degrees however are French, issued by the University of Paris-Sorbonne in the field of Humanities, by the University of Paris-Descartes for Law, Management and Economics and by Pierre and Marie Curie University in science. Paris-Sorbonne University Abu Dhabi offers world-class degrees, both in undergraduate and postgraduate programmes, following the European Credit Transfer System (ECTS) and also accredited by the UAE Ministry of Higher Education and Research.

Paris-Sorbonne University Abu Dhabi is devoted to Abu Dhabi’s vision of creating a cultural and scientific hub, and is an agent to realize this 2030 vision by delivering the future Emirati and international workforce and contributing to support the UAE’s economic diversification.

About Institut du monde arabe:

The fruit of a one-of its kind partnership between France and the Arab countries, Institut du monde arabe works on raising awareness within the French and wider European public about the contribution of the Arab world to international civilization, while promoting constructive dialogue between the East and West.

Located in Paris along the Seine, in a building that belongs to the modern world heritage list, Institut du monde arabe opened its doors in 1987. It quickly became part of the cultural fabric of the city.

Showcasing Arab-Muslim art and featuring a library for reading along with another one for books selling, auditorium, center of language and culture, and museum, Institut du monde arabe offers its audiences year after year, a diverse program covering all facets of art and culture in the Arab world - encompassing music, film, dance, visual arts, photography and more. It is a catalyst for lively debate and open-minded exchange of ideas among intellectuals through conferences, seminars, forums, trade and more. Institut du monde arabe offers courses in the Arabic language and culture. It publishes a quarterly magazine, Qantara, as the voice of contemporary thinking on the Arab-Muslim heritage.

publié le 31 October 2013

Qatar : PSG & QTA sign a partnership

Qatar : PSG & QTA sign a partnership

Paris Saint-Germain has today formalized a partnership with Qatar Tourism Authority. The agreement between the two sides is close, according to reports, to 250 million Euros per year. It must contribute to the regulation of the PSG annual budget with a view to Financial Fair Play, a new rule imposed by UEFA to limit spending of europeans football clubs.

Qatar now wishes to make discover to the world its roots and its unique cultural heritage. The mission of Qatar Tourism Authority is to develop and promote Qatar and its culture, and to strengthen the positioning of the country as a nice destination. To reach the French and European markets, Paris Saint-Germain quickly emerged as the ideal partner. For QTA, to join one of the best clubs in Europe and indirectly an ideal tourist destination as Paris, represents a tremendous opportunity for QTA to promote Qatar.

PSG CEO Jean-Claude Blanc said :

Our association with QTA allows us to have the means necessary to develop the club in the direction that we envision. The club’s image clearly benefits from it and so do our results. We are able to give our supporters all around the world a high level of performance matching their expectations and our ambitions.

This contract will necessarily benefit to both to PSG and QTA. Rashed Al Qurese, Director of Marketing & Promotions of QTA explains it clearly :

We are delighted to have Paris Saint-Germain as partner of choice with whom we can develop engaging and impactful promotional experiences for international fans and business partners, as well as the residents of Qatar and France. By partnering with Paris Saint-Germain, Qatar also associates itself with Paris, a destination of choice with which we share a sense of prestige, ambition and excellence.

From November onwards, several full size outdoor billboards, located in key spots around Paris, will highlight PSG players in front of iconic Qatar landmarks. QTA and Paris Saint-Germain collaborate in order to develop programs to engage fans and partners alike. This pioneering association will provide a fan experience that is unique, passionate and designed to promote Qatar as a destination.

publié le 20 May 2012

Qatar: al khaliji supports regional SME forum for second year in a row

Al Khalij Commercial Bank (al khaliji) QSC, in its unwavering commitment to local and regional Small and Medium Enterprises (SMEs), will provide support to the ‘2nd Middle Eastern SME Forum 2012’ to be held in Doha on the 28th and 29th of May 2012 at the Grand Hyatt.

[#
“SMEs are the economic backbones of most countries,” said Robin McCall, Group Chief Executive Officer at al khaliji. “As regional countries move towards diversification of their resources, the importance of supporting SMEs becomes more and more crucial.

Despite the GCC region’s strong entrepreneurial traditions and the large size of the Gulf SME sectors, they have not yet fully lived up to their potential of sustainable diversification and job creation.

The government of Qatar recognizes this in the state’s National Vision 2030, which calls for economic diversification in the next two decades and recognizes the role which private sector and SMEs continue to play in the development of Qatar. Our support of the forum is the sign of our commitment to the growth of the SME sector, and the development of the region’s economy as a whole.”

The ‘2nd Middle Eastern SME Forum 2012’ will be held under the auspices of Qatar’s Ministry of Business and Trade. The event will discuss opportunities and challenges for the SME sector, with local, regional, and global business leaders, including al khaliji executives, sharing their experiences and thoughts with a diverse audience. This year, the forum will tackle the importance of education and innovation in the development of the SME sectors, as well as mechanisms for supporting them. This is the second year that al khaliji has supported the forum on this high level.

“al khaliji has been providing unprecedented support the SME sector in Qatar, not only as a matter of principle, but as a matter of strategy,” continued McCall. “That is why we have been supporting this event since its inception a year ago. We are more than pleased to share our experiences with the attendees. Therefore, I encourage everyone with a stake in SMEs – entrepreneurs, business leaders, industrialists, government officials, and financial leaders - to attend and actively participate in what will definitely turn out to be a very interesting and rewarding debate.”

al khaliji’s support for the forum falls within the bank’s general corporate responsibility strategy that aims to support education, enhance business knowledge, and build awareness in the local community. For more information about al khaliji, please visit www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 26.6 billion in total assets and QR 12.1 billion in customer deposits as of 31 March 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.#]

publié le 1 March 2013

Qatar: Qtel Group and its Operating Companies to Unify Under New Brand ooredoo

press release

[#Qtel Group, one of the world’s fastest-growing telecommunications companies, has announced that it will change its brand to ooredoo, and that each of its operating companies in emerging markets across the Middle East, North Africa and South-East Asia will adopt the new brand during the course of 2013 and 2014. These companies, in which ooredoo already has a controlling interest, include brands such as Qtel in Qatar, Indosat in Indonesia, Wataniya in Kuwait, Nawras in Oman, Tunisiana in Tunisia, and Nedjma in Algeria.#]

[#The announcement was made by ooredoo Chairman His Excellency Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani at a special launch event at Mobile World

Congress 2013 in Barcelona, Spain. During the event, ooredoo announced football star Lionel “Leo” Messi as its global brand ambassador, and agreed to support the Leo Messi Foundation as part of the company’s continued commitment to making a difference in communities across the world.

“With ooredoo we have chosen an Arabic word that means “I want”, to reflect the aspirations of our customers and our core belief that we can enrich people’s lives and stimulate human growth in the communities where we operate,” said H.E. Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman, ooredoo. “We believe that young people should be given the life chances that mobile technology can provide; that under-served communities should be able to access the Internet; that every woman should have an equal opportunity to use a mobile phone; and that entrepreneurs and small businesses should be able to receive business services tailored to their needs. Our new brand reflects these beliefs.”

Chief Executive Officer of Qtel Qatar, Sheikh Saud Bin Nasser Al Thani, said: "This is a proud moment for Qtel in Qatar. Our company is at the heart of a global communications company that serves nearly 90 million people in communities around the world. Qtel in Qatar will be the first company in the Group to align with this new brand, and we will continue to find new ways to surprise and delight our customers."

The invitation-only launch event included presentations by Anne Bouverot, GSMA Director General; Cherie Blair, Chairman of the Cherie Blair Foundation for Women; and Dr Hamadoun Toure, Secretary General of the International Telecommunication Union (ITU). It also featured the guest appearance of Qatari Olympic medallist Nasser al Attiyah.

ooredoo has experienced significant growth over the last six years, transforming from a single market operator in Qatar to an international communications company with a global customer base of more than 89.2 million people (as of 30 September 2012) and consolidated revenues of $6.8 billion for the first nine months of fiscal year 2012. Delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses in emerging markets, ooredoo has been the fastest-growing telecommunications company in the world by revenue since 2006 and its enterprise value has more than tripled since 2005.

Dr Nasser, Group CEO, ooredoo said: “We are very excited to become ooredoo because the new brand signals our readiness to take the company to the next level. It is our belief that we can better serve our global customers by leveraging the combined resources and assets of a strong, unified global business under one brand. We also believe that rebranding now will help us to maintain our momentum in the face of new realities for the industry, signaling our commitment to become a global force.”

A number of on-going initiatives, built around its core strategy of differentiating on customer experience, are already taking ooredo to the next level. The company has initiated a major modernisation programme across its core network and is investing for the future to deliver high speed broadband as new frequencies and new technologies open up. ooredoo has been at the forefront of delivering life-enhancing mobile services, such as mLearning in Tunisia to support young people’s economic empowerment and mWomen programmes in Iraq and Indonesia. ooredoo is also providing relevant services to customers who cannot afford smartphones and working with the GSMA to develop more intuitive devices to overcome literacy barriers.#]

publié le 13 October 2012

Qatar: The Torch Doha launches exclusive iPad services

press release

[#The Torch Doha Member of Leading Hotels of the World geared for new Technology and introduced the in-Room iPad Solution for the first time in the Middle East.#]

[#All 163 rooms and suites at The Torch are equipped with state-of-the-art iPads which offer guests customized in-room control such as: order from in-room dining, mood & ceiling lights control, curtain operation, room temperature control, access the internet on iPad and TV, listen to music and radio, guest check-in & history clean-up, set pre-arrival requests, DND, MMR & door bell requests, read online newspapers and access their hotel account.
The Torch Doha is the new flagship project situated at the heart of Doha’s Sports City, Aspire Zone. Due to its exclusive concept, guests can now witness the latest technology under one roof. Aside from offering the finest amenities, such as LED TVs, a unique in-room mood light system featuring 12 different colors and 24/7 fresh food-and-beverage options, The Torch aims to bring technology together with dining experience and high-end amenities.
Hotel Manager at The Torch Doha, Mr. Sherif Sabry reveals: “We have re-defined the idea of luxury service in the Middle East hospitality. Introducing the iPad system in all rooms and suites shows that our vision focuses on guest convenience, control and speed of service. Guests can now enjoy a new found autonomy while we streamlined our operation.”

The in Room iPad Solution is custom-built to allow guests to place DND and make-up requests for the room, control the mood light system and the curtains, listen to music, watch TV and access online newspapers and books. The Torch has downloaded a Qibla locator app on all iPads which shows the multi-faceted functionality of the bi-lingual system (features Arabic and English).

The Torch is one of the few hotels in the world to take the lead in terms of introducing latest in-room technology. Recent recognition showed the hotel stepped-up their game within the GCC market.
“There is no greater satisfaction for us, as a newly-opened property, than achieving this performance on our first year of operation. We are glad to be able to enhance customer experience and pioneer customer engagement technology in Qatar. Ultimately we trust that guests will enjoy our interactive services and spread the word for us”, Mr. Sabry continues.

- ENDS-

The iPad based In-Room Integrated Solution has been developed and implemented by Mahindra Satyam.
The Torch Doha opened its doors to public in November 2011. Situated at 300m high and with 360° panoramic views across the whole of Doha, the tower is the result of comprehensive architectural, engineering and technical design, formerly shaped to represent a colossal torch which for the duration of the 15th Asian Games in 2006 held its symbolic flame.
Geared for utmost performance, the unique structure of The Torch Doha includes a reception and public area on two floors for 1500 guests; 17 floor of five-star hotel accommodation including 163 rooms and suites; three signature restaurants, a breathtaking revolving restaurant at 240m above ground, four levels of health club with cantilevered swimming pool 80m above ground and a business centre. At night The Torch is illuminated by vibrant LED lights and three massive LED screens which broadcast videos create an eye-catching visual effect for passers-by.

Nominated for the first time at Business Destinations Awards in the Best Luxury Hotel category, The Torch Doha is the proud winner of the Business Destinations Best Luxury Hotel in Qatar 2012.
Recently The Torch Doha has been nominated by MENA Awards as Qatar’s Leading New Hotel.

Located near Khalifa Stadium, Aspire Academy for Sports Excellence, Aspire Park, and ASPETAR Qatar Sports Medicine and Orthopaedic Hospital, the iconic Torch Doha has already hosted high-profile international football teams.

Fashioned to the finest international standards at the centre of the Aspire Zone, The Torch Doha awaits guests to explore its finesse, introducing them to a new era of Qatari hospitality.#]

publié le 14 October 2012

Qatar: The WISE Awards Honor World’s Best Initiatives in Innovative Education

[# The World Innovation Summit for Education (WISE) announces six groundbreaking projects from around the world as Winners of the 2012 WISE Awards under the theme “Transforming Education”.#]

[#Six projects from around the world are awarded for their transformative impact on education and society

Now in their fourth year, the WISE Awards identify, showcase and promote innovative educational projects from all sectors and regions of the world in order to inspire change in education. Winning projects, which are selected for their concrete, positive impact upon society, receive global visibility and a prize of $20,000 (U.S.).

Hailing from Bangladesh, Cambodia, Chile, Denmark, India and the United States of America, the winning initiatives were selected by a Jury of leading education experts following a pre-selection of 24 WISE Awards finalists from 14 countries. Winning projects have been selected for their tangible, positive impact upon society and their innovative approach to solving important global problems.

“Since 2009, the WISE Awards have recognized successful, transformative projects in education in order to generate a pool of sound practices and to inspire their adoption and adaptation elsewhere,” said H.E. Sheikh Abdulla bin Ali Al-Thani, Ph.D., Chairman of WISE and Chairman of the WISE Awards Jury. “When determining the best projects, we look at what is being achieved as well as how it is done. The winning initiatives were selected because they are successful, but also because of their innovative approach. These are not ordinary education efforts.”

The diverse projects offer unique solutions to today’s most important challenges, from poverty to climate change. Solutions include unconventional business models to assist low-income families with affordable education, as well as original ways of bringing high-quality education to remote and destitute parts of the world.

“It is truly an honor for our project to be recognized as a WISE Awards winner, particularly because WISE’s mission is a reflection of our own: transforming education through innovation and purposeful action,” said Father John P. Foley, Chair Emeritus of Cristo Rey Network, an organization that supports high-school students from low-income families. “We have seen the successful results of our efforts in the US and we are eager to expand our education model globally. With the recognition that being a WISE Awards winner brings to our project, the ability to explore other markets that could benefit from the Cristo Rey Network model is much greater.”

This year one of the WISE Awards is for a project that, in addition to “Transforming Education”, has best provided innovative financing of primary education. The winning project comes from Bangladesh, where solar-powered floating schools ensure year-round primary education to students in flood-prone areas, even during the height of the monsoon period.

This emphasis on primary education reflects the support of Qatar Foundation Chairperson Her Highness Sheikha Moza bint Nasser for United Nations Millennium Development Goal (MDG) 2 on achieving universal primary education. The WISE focus in 2012 on an innovative financing project is designed to stimulate efforts worldwide to reach MDG 2.

Finalists and Winners of the WISE Awards will participate in the annual WISE Summit taking place November 13 - 15 at the Qatar National Convention Centre in Doha, Qatar, under the theme “Collaborating for Change”.

About the 2012 WISE Awards Winning Education Initiatives:

Cristo Rey Network Corporate Work Study Program, United States of America - Launched in 1996, the Cristo Rey Network gives low-income students access to the high-quality instruction and support they need to be college-ready by the end of high school. Students work five days per month in an entry-level job in a white collar company and the fee for their work is used to underwrite tuition costs. The Corporate Work Study Program gives students knowledge and skills to succeed at college and in the modern workplace, as well as hope of a secure and prosperous future. In the 2011-12 school year, students earned $37 million towards their education. The Cristo Rey Network consists of 25 college preparatory high schools across the USA, serving 7,400 students, and it partners with 1,700 companies.

PSU Educarchile, Chile - PSU Educarchile, created in 2006, is the first free, interactive, online college preparation program in Chile. It prepares young people to take the obligatory University Admission Test (PSU - Prueba de Selección Universitaria), combining the delivery of essential content with a flexible and interactive digital platform. Historically, preparation for the PSU test has been through face-to-face classes in a physical, paid facility. Every year PSU Educarchile reaches 1,200,000 students – many of them from low-income backgrounds and in remote areas - through websites and mobile phones. This has narrowed the socio-economic and geographical opportunity gap, and decentralized and improved the quality of Chilean education. The project is supported by national and regional governments, and by the country’s main telephone companies and communications media.

RoboBraille, Denmark - RoboBraille converts textual educational materials into formats such as Braille, mp3 files, structured audio books, e-books and visual Braille for the blind and partially sighted, people with dyslexia or poor reading skills, and the illiterate. It is an e-mail and web-based service that is available free of charge to non-commercial users and without registration requirements. Alternative format texts are time-consuming and costly to produce, and expensive to obtain for people with special needs. Created in 2004, RoboBraille currently serves between 1,000 and 2,000 daily user requests all over the world in several European languages and in Arabic.

Satya Bharti School Program, India - The Satya Bharti School Program provides high-quality “end-to-end” education, free of charge, to underprivileged children, particularly girls, in rural India. It was launched by the Bharti Foundation in 2006 and partners with state governments to complement the nation’s education agenda. It has impacted more than 62,000 children, almost half of them girls, in the last six years and currently reaches over 37,500 children in 750 host and neighboring villages, the majority from minority communities.

Solar-Powered Floating Schools, Bangladesh (WISE Awards Winner for innovative financing of primary education) - The non-profit organization Shidhulai Swanirvar Sangstha introduced solar-powered floating schools to ensure children’s education even during the height of the monsoon. The boats collect students from riverside villages, dock at a final destination and provide on-board small-group instruction. After class, the boats take students back to their homes and then go on to pick up other groups. Each boat school has a classroom for 30 students, an Internet-linked laptop, a library and electronic resources, and provides basic primary education up to grade IV. The solar lighting makes the school schedule flexible, and after school many students take home a re-charged solar lantern to study by. Parents and villagers receive on-board training on children’s and women’s rights, nutrition, health and hygiene, sustainable farming, marketing systems and climate-change adaptation. Almost 70,000 children have benefited since the start of the project in 2002. The project is funded from multiple sources, including crops, fisheries and the conversion of kerosene lanterns into solar-powered lanterns.

Cambodian Children’s Fund – Generational Change through Education, Cambodia - Since 2004, the Cambodian Children’s Fund (CCF) has helped children who reside and work in the Steung Meanchey landfill district, one of the most impoverished and environmentally toxic places in the world, in the outskirts of Phnom Penh. CCF has changed the lives of more than 1,000 families by focusing on education as a primary, basic need. It provides access to clean water, food, healthcare and education, and it cares for children and their families in four residential schools, three satellite schools, a community medical center, a daycare center, a nursery, a maternal care program and outreach programs. CCF’s residential schools offer safe accommodation, healthcare, hot meals, vitamins, and accelerated learning opportunities to nearly 450 children aged 6 to 18.

About the WISE Awards for Education

Inaugurated in 2009, the WISE Awards identify, showcase and promote innovative educational projects from around the world. To date, 1,600 applications have been received from 128 countries, resulting in 122 Finalists and 24 winning projects. The 24 successful projects have come from a variety of countries around the world, including Brazil, Chile, Colombia, Ghana, India, Morocco, Nigeria, Pakistan, Paraguay, South Africa, Turkey, the UK and the USA. These “real world” initiatives are progressively building a pool of sound practice which is having a local or global impact on education.

About the World Innovation Summit for Education (WISE):

WISE is dedicated to building the future of education through innovation. This global collaborative initiative was inaugurated in 2009 by Qatar Foundation under the leadership of Her Highness Sheikha Moza bint Nasser. Its mission is to address the challenges facing 21st-century education, to expand dialogue around the world and to implement practical and sustainable solutions. To this end, WISE holds an annual international Summit that is a unique meeting place for thought leaders and experts to share best practices in education. WISE is also a continuing initiative devoted to reaching outside the traditional circles of the education community to promote innovation and implement concrete actions.

WISE 2012 will take place in Doha 13-15 November 2012. For full details see the WISE website: www.wise-qatar.org

To find out more about the WISE Awards, please visit: http://www.wise-qatar.org/awards or go to the WISE Awards blog: http://awardsblog.wise-qatar.org/

Please join us in the online conversation about WISE and learn about the latest WISE Awards developments at https://twitter.com/WISE_Tweets and http://www.facebook.com/wiseqatar?ref=ts
#]

publié le 11 January 2014

Qatar: Tourism in Tomorrow’s World Conference

presse release

​‘Tourism in Tomorrow’s World Conference’
on 23 -24 February 2014 at Renaissance Doha City Centre Hotel, Doha, Qatar

The first Tourism Conference of its kind in Qatar will set the tone and image of an annual Tourism and Travel Conference as a dynamic forum that covers every sector of tourism & hospitality, addressing relevant current topical issues and new industry developments and trends in the GCC and factors that affect tourism in the region.

The clear purpose of this conference would be to underline the importance of tourism for Qatar and the region, focus on Qatar’s tourism growth and showcase its culture and heritage. Qatar Tourism Authority predicts there will be up to 127,000 hospitality jobs by 2030 in Qatar. On a global scale tourism contributes 9% of the world’s GDP and provides 260 million jobs, with one in 11 jobs being tourism related.

The two day Conference would feature well known international speakers – UNWTO General Secretary General, Dr Taleb Rifai Qatar Tourism Authority Chairman, H.E Issa Al-Mohannadi, and top international tourism academics and futurists on what the future holds for hospitality in the region.

The Conference would bring together and highlight all aspects of tourism that are reflected in Qatar – such as sun & beach ‘family’ tourism, MICE (business ) tourism, cultural tourism, sports tourism, education tourism, ’green’ tourism and health tourism. In addition, the Conference would want to reflect tourism in the Arab world and invite speakers from Arab Spring areas such as Egypt to talk about the challenges facing ‘political’ tourism in the region

The Conference would also underline the importance of the tourism industry and hospitality as a career of choice –especially against the background of Qatar currently having 81 hotels today with a further 110 hotels under construction, making it the undisputed hospitality capital of the region. A GCC Tourism Ministers’ Summit is planned to develop a meaningful Communiqué at the end of the Conference on a “Skills Action Plan for Hospitality and Tourism” in the region.
Equally, Qatar is known to be the land of opportunity for construction companies, consultants , architects and designers with $billions being spent on infrastructure and new transport networks needed for 2022, so hotels are becoming the virtual ambassadors for Qatar’s tourism industry, as business men flock from all over the world to get a share of the business boom in Qatar.

Qatar is also a centre for enterprise, as the country’s economy increasingly shifts to non-carbon and private sector enterprise in line with developing a knowledge-based society.

Stenden University Qatar can lay claim to uniquely offering international hospitality business management degree programmes and education that results in jobs and great career paths in the industry on graduation. Its track record shows 98% of graduates are gainfully employed within 4 months of leaving. Stenden is perfectly placed to train hotel staff to acquire the best approach from the front line to warmly welcome visitors, who will then be able to recommend hotels when they reach home and applaud the country’s tourism efforts.

publié le 2 January 2013

Qstec To Incorporate Solar Energy Into Energy City Qatar Developments Following Mou Signing

press release

[#Qatar Solar Technologies (QSTec) committed to helping Energy City Qatar (ECQ) incorporate solar panels and technologies into its future developments by signing a Memorandum of Understanding on Tuesday.#]

[#Dr Khalid Klefeekh Al Hajri, Chairman and CEO of QSTec and Rashid Nasser Sraiya Al Kaabi, Chairmanof Energy City both signed the MOU at ECQ’s offices in West Bay, Doha.

By incorporating QSTec’s solar panels and technologies into its buildings, ECQ will meet national building standards such as QSAS and silver and gold LEED certifications; codes designed to encourage organizations to use environmentally friendly and sustainable energy sources in buildings.

Dr Khalid Klefeekh Al Hajri, Chairman and CEO of QSTec, "QSTec is well on its way to building a brand new industry of solar energy for Qatar so we are pleased to be joining forces with Energy City Qatar, one of Qatar’s most important projects, to collaborate on developing solar solutions that meet their needs.”

“We aim to work with all Qatari organisations and institutions that are looking to utilise solar energy to become more sustainable. This MOU will see us working together to develop sustainable energy solutions that will have a positive effect on the environment and we expect to see many more local organisations adopting solar technologies in the future. ”added Dr Al Hajri.

Commenting on the signing of the MoU, Rashid Nasser Sraiya Al Kaabi, Chairman of ECQ stated, "Energy City Qatar was the first to implement the Green and Sustainable building concepts in Qatar. With both LEED and QSAS certifications, the concept and creation of ECQ stands on the firm grounds of sustainability. We are delighted to see that green building and sustainable construction that includes the adoption of alternative energy systems is widely accepted and showing an upward trend in Qatar and the region.”

“It is an honour to be the first real estate company to sign with QStec, a company that shares our vision in building a more sustainable future for our nation. We are advocates of the Qatar National Vision 2030 and we will seize every opportunity that will help realize this vision.” Added Al Kaabi.

“Our city wide use of solar energy was originally designed to reach 6 MW but with this collaboration with QSTec we aim to increase Energy City’s use of solar power to9 MW which represents around 15% of the total energy usage at ECQ” said Al Kaabi.

Qatar Solar Technologies’ number one priority is providing solar solutions that are sustainable, efficient and the very best quality.QSTec will start by producing high quality, solar grade polysilicon; the key ingredient that goes into making the world’s most efficient solar technologies such as solar cells and modules that convert the power of the sun into energy. This solar energy will provide a sustainable alternative source of energy whilst conserving and protecting Qatar’s natural resources for the future.

In the not too distant future, QSTec hopes to build solar modules made in Qatar, made from QSTec’s own polysilicon and then exported to the rest of the world.

Built on 1.2 million square meters of land in RasLaffan Industrial City, Qatar, QSTec’s US$1 billion polysilicon manufacturing plant will produce 8,000 metric tons per year (MTPY) of polysilicon per year but it is designed to expand as demand grows. Eventually, more than 45,000 MTPY of polysilicon can be produced with the plant being designed to seamlessly incorporate ingots, wafers, cells and module manufacturing facilities.

ECQ is a fully integrated business cluster that will be the Gulf’s first oil and gas industry commercial hub. ECQ will be a single point of access to the Middle East and global Oil & Gas players in the hydrocarbon value chain. The Memorandum of Understanding agreement is another affirmative step for QSTec to provide Qatar with a sustainable source of energy.

For more information about Qatar Solar Technologies, visit the new website at www.qstec.com.#]

publié le 17 February 2013

SEIB Insurance and Reinsurance Company LLC sponsor of MEED Qatar Projects

press release

[# SEIB Insurance and Reinsurance Company LLC (SEIB) announced its participation in the MEED-hosted conference and exhibition, Qatar Projects 2013. The event will see over 400 attendees dwelling on the entire value chain of Qatar’s infrastructure projects represented by clients, consultants, advisors, contractors, financiers, legal experts and service providers. SEIB will have a dedicated stand during the conference that attendees may visit for advice and business discussions. The event will be held at the Doha Grand Hyatt Hotel from the 17th to the 20th of February 2013. The firm will also be sponsoring an early morning breakfast briefing session prior to the start of the second day activities.#]

[#On the first day of the conference Mr. Farid Chedid, SEIB’s Chief Executive Officer, will take part in a discussion on “The integrated role of banks and insurers in project financing risk”, during the contractor finance panel session. While at breakfast on February 19, SEIB will give a presentation on the subject, “Delay in Project Start-Up: Risk and Mitigation”.

“Qatar Projects 2013 is a perfect platform for SEIB to share its extensive experience in the insurance of large-scale projects,” explained Farid Chedid. “Qatar’s development rate is phenomenal, and this growth is expected to continue for the foreseeable future. As the country gears up to host the FIFA World Cup in 2022, spending on essential projects, including the construction of stadiums, building a metro and national rail network, improving roads and more than doubling the number of hotel rooms in the country are all set to take shape. The projects are thus going to get bigger in magnitude, and will call for more creative solutions to cover their insurance needs. This is where SEIB can step in, and we are more than happy to share our knowledge with the participants.”

Authorized by the Qatar Financial Center Regulatory Authority, SEIB Insurance provides tailor-made corporate and retail insurance solutions, and is especially known for handling complex risk cases. For more information, please visit www.seibinsurance.com.

About SEIB Insurance

SEIB Insurance and Reinsurance Company LLC (SEIB) is a national Qatari company, authorized by the Qatar Financial Center Regulatory Authority under QFC license No. 00114 dated October 21st 2009, and boasting a paid up capital of QAR 109,200,000.
SEIB provides turnkey corporate and retail insurance solutions. SEIB’s highly professional and specialized staff will propose tailor-made solutions to meet the expectations of each client.
#]

publié le 19 August 2016

Sharjah Art Foundation presents Enrico David: Fault Work

Sharjah Art Foundation is pleased to present Enrico David: Fault Work, a solo exhibition of recent works by the London-based Italian artist. Curated by Sharjah Art Foundation Director Hoor Al Qasimi, this is the artist’s first exhibition in the Middle East and will primarily focus on sculpture and tapestries.

Enrico David’s work investigates multiple manifestations of the figurative form, making reference to a wide spectrum of visual languages and a variety of techniques and traditions. David’s sculptures are angular and fluid, comprised of such diverse materials as Jesmonite, graphite, copper, wax, bronze, bamboo, Vaseline, bone, aluminium and steel. His tapestries, alternatively, are composed of organic and geometric forms, executed in wool, cotton or cashmere in muted browns, burnt reds and earthy greens. These sculptures and tapestries are both open-ended and psychologically charged, reflecting a unique contemporary surrealism in their abstracted imagery and ambiguous forms.

David’s work has been shown across Europe and the United States, including recent solo exhibitions at The Hepworth Wakefield, West Yorkshire (2015); UCLA Hammer Museum, Los Angeles (2013) and New Museum, New York (2011). A major installation of his paintings, tapestries and sculptures was featured in The Encyclopaedic Palace for the 55th Venice Biennale (2013). David was shortlisted for the Turner Prize in 2009.

This exhibition will take place from 1 October 2016 to 9 January 2017 within the SAF Art Spaces, Sharjah, United Arab Emirates.

About Sharjah Art Foundation
Sharjah Art Foundation brings a broad range of contemporary art and cultural programmes to the communities of Sharjah, the UAE and the region. Since 2009 SAF has built on the history of cultural collaboration and exchange that began with the first Sharjah Biennial in 1993. Working with local and international partners, Sharjah Art Foundation creates opportunities for artists and artistic production through core initiatives that include Sharjah Biennial, the annual March Meeting, residencies, production grants, commissions, exhibitions, research, publications and a growing collection. SAF education and public programmes focus on building recognition of the central role art can play in the life of a community by promoting public learning and a participatory approach to art. All events are free and open to the public.

Image caption: Enrico David, Untitled (Bent Spoons), 2015, Cashmere on canvas, 78 3/4 x 94 1/2 inches, 200 x 240 cm. Courtesy Michael Werner Gallery, New York and London.

For more information, please visit: www.sharjahart.org

Connect with Sharjah Art Foundation: Facebook / Twitter / Instagram
Join the conversation at @sharjahart

publié le 13 February 2013

Thales at IDEX and NAVDEX 2013

[#Thales has been operating in the UAE since 1978 and will be taking part
in the 2013 edition of IDEX and NAVDEX in Abu Dhabi, UAE, one of the world’s
most strategically important tri-service defence exhibitions
#]

[#Thales will be participating in IDEX and
NAVDEX from 17th to 21st February 2013 in the Abu Dhabi National Exhibition Centre
(ADNEC), UAE. Held biannually, IDEX is the only international defence exhibition and
conference in the Middle East and North Africa (MENA) region demonstrating the latest
technology across land, sea and air sectors of defence.

Celebrating 35 years of partnership with the UAE

With 35 years of presence and partnership in the UAE, Thales has developed outstanding
relations with the countries of the region and is widely recognised as a reliable partner for
local companies. In collaboration with our partners in the UAE, Thales will be displaying a
number of products on the International Golden Group (IGG) stand and the Earth stand. With
over 350 people employed in Dubai and Abu Dhabi, the UAE are the cornerstone of Thales
in the Middle East.

Offering a full scope of defence expertise to customers around the world, Thales is unique
among defence suppliers in its ability to deliver systems and communication technologies
that permanently link land-based units of action with those of air and sea. At IDEX 2013,
Thales will showcase its activities in:

  • Air Mission Systems – as leading provider of cutting-edge equipment and systems to customers worldwide, Thales will be showcasing its air mission system capabilities.
  • Communications – Thales offers a wide range of interoperable systems and tactical radios which provide information superiority to Land, Aerospace and Joint Command Forces. In the field of satellite communications, Thales is a leading global supplier of secure end to end solutions, for the Army, Air Force and Navy, based on civilian and military satellites. At IDEX, a wide range of communications solutions and radio equipment will be presented.
  • Optronics – as European leader in night vision systems, Thales will be exhibiting products from its comprehensive land optronics range, dedicated to assess critical situations and make timely decisions in the battlespace environment, to engage weapons accurately at long range on identified threats, to operate fixed and mobile surveillance of critical assets.
  • Soldier Systems - Thales will be exhibiting integrated dismounted solutions, including C4I systems, radios, optronic and protection capabilities, which provide armed forces with the decision-making and information superiority they need in the heat of the battle.
  • Advanced air defence - Thales is the only group in Europe able to offer the entire integrated capability from air defence radars and C2 through to effectors and their respective fire control systems. Its joint venture with Raytheon, ThalesRaytheonSystems (TRS), is the world leader in Air C4i, air defence and battlefield radars with more than 600 systems in service throughout the world. Thales will be demonstrating its ability as market leader in integrated weapon systems.

Meet us at IDEX on stand 08 – A05
A Global Presentation of the Thales IDEX stand on will take place
on Sunday 17th, Monday 18th and Tuesday 19th at 11 am
To register please email sonia.leguevel@thalesgroup.com

Thales, as a global leader in naval solutions and a first rate partner to over 50 navies worldwide, provides maritime solutions enabling commanders to reach decisions that deliver better outcomes. At NAVDEX, Thales will be exhibiting a wide range of innovative offerings, illustrating its expertise in the following fields:

  • Information Superiority – demonstrating Thales’s ability to connect forces for maritime domain awareness and support the acquisition, exploitation and exchange of information, the Thales stand will showcase a number of products including ARTEMIS, a new generation fully passive Infrared Surveillance System and SURFSAT-S, a new X/Ku/Ka SATCOM terminal for small/medium surface ship.
  • Above Water Warfare – Thales’s Above Water portfolio extends from surveillance, command and combat systems to support for weapons systems. At NAVDEX, Thales will exhibit solutions which include the innovative I-MAST 100, a fully integrated naval sensor and communications suite housed in an advanced mast structure, and GATEKEEPER, an electro-optic ship security system specifically designed to provide round-the-clock surveillance in the complex littoral environment.
  • Underwater Warfare – the Thales stand will showcase our ability as acoustic systems provider for anti-submarine and mine warfare with several mock-ups including the world leader FLASH dipping sonar for helicopters, the low-frequency active towed-array sonar for surface ships CAPTAS-2, as well as the towed synthetic aperture sonar T-SAS for mine detection.
  • Training and Simulation – Thales delivers a complete range of shore-based and at-sea instruction and training solutions such as the CALAS, a state-of-the-art lightweight solution for sonar training at sea and OSATIS on shore sonar training system.

Visit our NAVDEX stand, B–003
A Global Presentation of the Thales NAVDEX stand will be held
on Sunday 17th, Monday 18th and Tuesday 19th at 14.30 pm
To register please email sonia.leguevel@thalesgroup.com

About Thales

Thales is a global technology leader for the Defence & Security and the Aerospace & Transportation markets. In 2011, the company generated revenues of €13 billion with 67,000 employees in over 56 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers and local partners.
www.thalesgroup.com

Follow us on Twitter: @ThalesPress#]

publié le 14 March 2009

UAE ENVOY VISITS DUBAI STAND AT ITB-2009

The UAE ambassador to Germany, His Excellency Mohammed Ahmed Al Mahmoud, was among the VIPs who visited the impressive 528-square-metre double-decker Dubai Stand at the International Tourism Exchange (ITB-2009) in Berlin.

The envoy praised the efforts of Dubai Department of Tourism and Commerce Marketing (DTCM) in promoting the UAE in general and Dubai in particular in Germany which remained a top source market for the tourism industry with more and more Germans visitors making their way to the UAE. He said the strong participation of the tourism promotion organizations from the country reflects the huge tourism product offerings and the emergence of the UAE on the world tourism map.

Mr. Mohammed Khamis bin Hareb, DTCM Executive Director Operations and Marketing, welcomed the diplomat and his entourage and presented a memento. Another souvenir was presented by the Dubai Naturalisation and Residency Department (DNRD) which is a co-participant of Dubai Stand.

Backed by a record 96 co-participants, Dubai mounted a strong presence at the 2009 edition ITB being held from March 11 to 15.

DTCM is utilising Dubai’s participation in the world’s largest travel trade fair for the 20th successive year to strongly promote the emirate to the global travel trade, especially among the Germans who has been showing unfaltering interest in Dubai as a year-round business and leisure destination.

German guests at Dubai hotels totaled 255,657 in 2007, while the first half of 2008 recorded 138,125 German visitors at Dubai hotel establishments. During 2007-2008, as many as 276 German tour operators featured Dubai in their holiday packages, an increase of 34 per cent over 2006-2007 period. There has been a 16 per cent increase in German passengers passing through the Dubai airport in 2007, which stood at 1.33 million.

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>

#]


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 13 July 2010

$108bn Gulf rail projects in spotlight

[#GulfRail 2012, the region’s first of its kind exhibition and conference to be held in Dubai, will put spotlight on the railway projects worth $108 billion being developed in the UAE, Saudi Arabia and Qatar.#]

[#The key regional industrial event, to be held from April 17 to 19, 2012, will highlight the latest information and technologies in Rail and Tunnelling Systems, and serve as a strategic networking platform for industry experts around the globe.

This was announced jointly at a press conference by Dubai’s Al Fajer Information & Services along with IMAG of Germany, Europoint of Netherlands and Dubai World Trade Centre (DWTC).

Following the Dubai Metro, rail projects in GCC have become a point of focus with multi-billion dollar investments being made by each Gulf state.

A countrywide Dh40.4 billion ($11 billion) railway network in the UAE with 1,500km will be rolled out over the next 7-8 years, said Satish Khanna, general manager, Al Fajer Information and Services.

’Moreover, Abu Dhabi has revealed plans for a new rail network serving the city of Al-Ain in the emirate’s Eastern Region. Dubai Metro has completed its first phase with a whopping investment of $ 6 billion, and another mass transit network with 75 km will carry 1.8 million passengers per day by 2020.’

According to him, Abu Dhabi has joined the fray with 131 km metro rail system which is expected to partially start in 2015.

Last year, GCC transport ministers approved a feasibility study for the $12 billion GCC railway. Further, on a broader perspective, the network would extend from the GCC to Jordan, Syria and Turkey. The next move would be a more extensive system linking up with systems providing access to Europe and Asia via Turkey.’

Khanna said that once the GCC rail netwok is ready, it will be common for a person to travel from Dubai to Jeddah or Abu Dhabi to Doha in few hours, with convenience.

The launch of GulfRail at DWTC reinforces the robust state of the Emirate’s exhibitions industry and is testament to Dubai’s position as the gateway to the Region, said Michael Watton, director commercial, Venues, DWTC.

Khanna pointed out that the key driver of the rail industry for GCC is public-private partnerships.

’GCC is heading towards creating a reliable, effective and frequent high speed rail network connecting GCC countries. Investment opportunities in intelligent transport systems in the GCC are huge.’

’The rail sector in this region is growing rapidly. Many companies outside the region regard the upcoming rail sector in the Middle East as the most lucrative opportunity to do business,’ he noted.

’There are huge upcoming railway projects in Middle East. The GCC’s rail sector is a rising sector. In a nutshell, the GCC network will include one rail line of 1,970 km connecting all GCC countries and Qatar via a bridge,’ Khanna remarked.

’The second line of 1,984 km will stretch between Kuwait, Saudi Arabia, the UAE and end in Oman. An effective rail network will fortify the region’s position as a major global energy and trading hub,’ he added.

Harald Müller, CEO, IMAG Internationaler Messe und Ausstellungsdienst GmbH said the GCC was in need of information about the latest technologies, experiences and expertise in other countries in the world.

’Also, the region is interested in getting in contact with key players in the international rail and tunnel sector. GulfRail will offer an international sustainable platform for rail and tunnelling experts in the entire world to target the rapidly growing railway industry in the Gulf,’ he noted.

Johan Haarhuis, managing director, Europoint B.V. Conference & Exhibitions, said the overall objective of GulfRail 2012 was to facilitate the establishment of a reliable, effective and frequent high speed rail network connecting GCC countries.

’The event will mainly focus on investment opportunities and intelligent transport systems. GulfRail 2012 has great potential to be successful in the Middle East region,’ he added.

According to Khanna, the last five years have seen the announcement of a series of transport projects by various Gulf countries, including railway projects.

’In order to meet the pressing regional logistics demands, the next 10-15 years will see transport projects worth $ 170 billion. Out of this, 85 per cent will be spent by UAE, Saudi Arabia and Qatar. Precisely over $108 billion will be spent in Railway sector alone,’ he added.

In the Middle East, railway is the sunrise industry with lots of opportunities in the coming years. At GulfRail, international suppliers can expose their products and services to the key decision makers under one roof.

Suppliers have the opportunity to access and assess the market opportunities. Also, visitors can compare and source products and services from more than 500 international suppliers. They will keep up to date on the latest technologies and products developments as well as networking and sharing ideas with more than 20,000 global industry peers.

The effective rail network will fortify the region’s position as a major global and trading hub. Saudi is planning a railway line connecting the Kingdom to Europe. Saudi Arabia is spending $25 billion on its rail network adding 3,900 kms of track through three major projects.

Saudi Arabia has already begun work on four different railway projects. Focus will be on 1000 km land-bridge, East-West Railway project, running from Jeddah and Dammam and bridging gap between the Red Sea and Arabian Gulf.

The project will consist of two tracks, the first of which will cover 449 km and handle only passengers while the second will stretch over 556 kilometers and will be devoted exclusively to freight. On completion it is estimated to transport more than 300 million passengers per year and one billion tonnes per year.

Saudi Rail Organisation recently issued tenders for the first construction contract on the 500 km Haramain high speed rail link between Makkah and Madinah. The $7 billion project is aimed at providing transport for Umrah and Haj pilgrims travelling between the two cities and Jeddah.

Khanna added: “A rail line connecting Saudi Arabia and Europe is not a distant dream. Also, Saudi may restore and rebuild the historic Hejaz Railway that linked Damascus and Madina with a narrow-gauge rail line. Bahrain, Kuwait and Oman have already engaged international consultants for studies.”

The Sultanate of Oman began plans for the building of national railways to boost the country’s infrastructure. Oman appointed consultants to conduct a feasibility study of a 200 km railway network that will begin in Sohar to connect Bikra in north Muscat and then extending to Duqum.

A 1,500 km railway line costing $14 billion linking Kuwait’s border with Iraq, down the Gulf coast to the Omani port of Salah on the southern top of the Arabian Peninsula is on the anvil.

Kuwait has put plans of $132 billion model city in the northern part of the country which will include a railing system which is worth $11 billion and it connects Kuwait with the entire GCC region.

A metro light rail network is also planned in Doha. On the other side, Bahrain is planning a $8 billion railway project stretching to 184 km and will include light rail trains, monorails and other transportation systems.#]

publié le 3 January 2012

$42 BILLION: Massive budget surplus for Kuwait

[#Kuwait’s budget surplus reached 11.6 billion dinars ($41.6 billion) in the first eight months of its 2011-12 fiscal year, double than a year ago on higher than expected oil revenue and lower spending, finance ministry data showed on Tuesday. #]

[#The surplus accounted for 33 percent of the Opec member’s 2010 gross domestic product, according to Reuters calculations. It stood at 5.9 billion dinars in the same period a year ago.

Revenue of the world’s sixth-largest oil exporter was 18.7 billion dinars in April-November, while spending came at 7.1 billion, a mere 36.6 percent of the full-year plan, the data posted on the finance ministry’s website www.mof.gov.kw showed.

Oil revenue reached 17.8 billion dinars in April-November, accounting for 95 percent of the total. The 2011-12 budget is based on an oil price of $60 per barrel.

Brent crude prices have been floating between $98 and $127 per barrel since the fiscal year started in April.

On Tuesday, Brent crude futures extended gains to more than $4, pushing above $111 per barrel on potential threats to supply and supportive data from China, with the dollar’s weakness and a strong open for equities on Wall Street also helping boost oil.

Since 2004, Kuwait’s budget spending has tripled to a record 19.4 billion dinars planned for the 2011-12 fiscal year, which started in April, with expenditure on wages rising almost as fast.

Revenue was set at 13.4 billion dinars in the 2011-12 budget, approved by parliament in June, bringing the projected deficit to 5.99 billion, or 16.8 percent of gross domestic product, according to Reuters calculations. However, the 2011-12 revenue estimate is very conservative given last year’s surge in the price of oil.

In August, Kuwait’s ruler said the misuse of budget surplus, including unproductive spending, has led to structural imbalances in the economy. The country of 3.6 million people has no plans to boost budget spending in the next fiscal year, nor does it expect budget cuts, its finance minister said in September.

A Reuters poll in December forecast Kuwait’s economy would grow 3.5 percent in 2012 and generate a fiscal surplus of 22.9 percent of GDP in 2011-12, the largest among Gulf Arab oil exporters.(Reuters)#]

publié le 31 March 2011

1.5 million ASK contactless cards already delivered in Dubai

Move fast and travel light in all public transport modes with Nol card!

[#ASK, the worldwide leading provider of contactless cards for public transport, has successfully achieved the delivery of the first batch of 1.5 million cards in Dubai. The project was implemented by System Integrator and partner Abba Electronics - a division of well-known Al Abbas Group - for Dubai transport operator, RTA (Roads and Transport Authority).#]

[#“This large contract confirms the presence of ASK technology on the transport networks of worldwide capital cities.” said Christophe Peix, Sales Director at ASK.

Nol card is a multimodal contactless card with 3 different layouts and various features to be used in Dubai metro, buses, water buses and parking meters. Silver card is an anonymous card with an e-purse. Gold card holds the same features and grants the holder the privileged access to Metro’s Gold Class seats for premium charges. As for Blue card, it is a personalized card with the holder’s photo.

Abdullah Al Madani, the CEO of RTA Corporate Technical Support Services Sector said “Nol Card is the best fare payment means ever introduced in Dubai. We have been working with Abba Electronics for a long time and we are now pleased to work with their trustful partner ASK as well. ASK is a worldwide renowned actor in public transport for contactless technology.”

Dubai developed an advanced transport network introducing the metro in 2009 and contactless ticketing was the next step to benefit from low cost fares, multimodality and swift and secure travelling around the city.

About ASK

ASK, with over 190 million contactless products in circulation in more than 50 countries, is a worldwide leading provider of a full range of contactless products including smart cards, smart tickets, smart adhesive labels, readers, inlays for electronic passports or contactless smart cards and eDocuments. ASK is ISO9001 certified and holds a portfolio of 56 patents to date. ASK is a France-headquartered company with worldwide customers, and subsidiaries in China, India, Mexico, Brazil and the US.

Come and see us at UITP Dubai

Booth: 3B200

Contact:


Claire Boyer
Tel.: +33 (0)4.97.21.48.56
Cell: +33 (0)6.72.14.01.46
claire.boyer@ask.fr
www.ask-rfid.com#]

publié le 31 May 2013

1st Trilateral Conference France, India & Gulf countries

The Greater Paris investment Agency organize the first France, India & Gulf countries Trilateral Conference on Wednesday June 26 2013 .
The themed conference " Smart City§ E health" will be addressed to the top level political & business leaders.

Website: http://trilateralconference.net/

publié le 28 March 2011

2010 sees the reinforcement of MBDA’s European cooperation model

[#MBDA, the European leader and global player within the missile systems sector, achieved a turnover of 2.8 billion euros in 2010. This represents an increase of 7% compared to 2009 (2.6 billion euros). Order intake reached 2.2 billion euros, down from 2009 (2.6 billion euros). Order book as of 31st December 2010 is 10.8 billion euros, representing four years of activity at current levels. Operational performance of the business remains strong, at more than 10% Return on Sales (ROS).#]

JPEG - 9.1 kb
Antoine Bouvier

[#Commenting on these results, Antoine Bouvier, the Chief Executive Officer of MBDA, said: “2010 was a year of mobilisation for MBDA. Mobilisation particularly with regard to Aster and the success it achieved in an ambitious firing programme which culminated in the first ever intercept of a ballistic missile by a European missile. Mobilisation also and most importantly in favour of a new partnering relationship between industry and government, sustaining sovereignty within the Complex Weapons sector in Europe. Both elements were brought into being by two major events: on one hand, the signing of a long term partnering arrangement with the UK MoD for the development and supply of new Complex Weapons; in addition, the final declaration voiced at the Franco-British summit in London which called for working ‘towards a single European prime contractor’ and for a deepened cooperation between the two countries with regard to new programmes aimed at consolidating the industrial and technology base within the Complex Weapons sector. A comparable level of orders on both sides of the Channel during the year is a clear indication of the converging and balanced priorities placed by the two countries with regard to the Complex Weapons sector.

2011 will be a key moment for MBDA. Thanks to the integration that has taken place within the Complex Weapons sector over the last 15 years, the six national companies that all competed with each other in 1996 have now become one single company. MBDA is now seen as the test case for initiatives in other industrial sectors in Europe.

By the time MBDA passes the milestone of its 10th anniversary on 18th December 2011, the model of European cooperation that the group has established will have been validated and will form the basis of the strategic plan towards our French and UK customers for the next decade. For MBDA this new dimension in cooperation is an explicit recognition by our domestic customers that the Complex Weapons sector is essential to their sovereignty in terms of defence and security of supply. We see this kind of partnership equally applying to Italy, Germany and eventually Spain”.

Notes to editors

With industrial facilities in four European countries and within the USA, in 2010 MBDA achieved a turnover of 2.8 billion euros with an order book of 10.8 billion euros. With more than 90 armed forces customers in the world, MBDA is a world leader in missiles and missile systems.

MBDA is the only group capable of designing and producing missiles and missile systems that correspond to the full range of current and future operational needs of the three armed forces (land, sea and air). In total, the group offers a range of 45 missile systems and countermeasures products already in operational service and more than 15 others currently in development.

MBDA is jointly held by BAE SYSTEMS (37,5%), EADS (37,5%) and FINMECCANICA (25%).#]

publié le 20 August 2010

2nd Annual Islamic Finance Paris, 28 september 2010

Following on from last year’s success, Euromoney Seminars’ 2nd Annual Islamic Finance Paris Summit offers the market an ideal opportunity to meet to examine the most pressing issues facing the industry in France, Europe and beyond. Join your peers in Paris, in September, to hear from senior Shariah scholars, investment and retail bankers, corporate borrowers, takaful providers, asset managers and institutional investors as they discuss the opportunities in Islamic finance in France as well as the hurdles to continued development of the French capital as a competitive hub for Islamic finance.

Islamic finance worldwide continues to offer a competitive and viable alternative to traditional forms of banking and finance. Considered ethical and socially responsible by investors and borrowers alike, the appeal of Islamic finance has, over the last decade, broadened beyond the traditional geographic confines of the Gulf and SE Asia. In France, Paris is poised to become Europe’s financial hub for Islamic finance, thanks to progressive amendments to legislation and regulation.

Featuring Euromoney’s renowned:

Open fatwa and Shariah audience discussion

In addition, at this year’s Islamic Finance Paris Summit, key issues to be discussed include:

  • Evaluating the viability of Islamic Finance worldwide and in Europe
  • A regulatory review: Paris, and France, as an Islamic financial hub for Europe
  • Evaluating the viability of French corporate sukuk issuance in light of recent regulatory change
  • Institutionalisation of Islamic banking and finance in Paris
  • Analysing how the recent TaHawwut (hedging) agreements influence business in France
  • For SMEs in France, how does Islamic finance compete with other forms of finance?
  • Can Islamic finance complement the conventional in French infrastructure and project finance?
  • Structured finance: Balancing innovation with permissibility
  • Unbundling Shariah compliance in the event of a default: How lessons from recent refinancings and restructurings in other markets can help in the development of France’s nascent Islamic finance industry
  • Investment solutions and returns: Channelling French assets into Islamic funds and products
  • Risk management in Islamic finance: Mitigating risks associated with Islamic Finance (asset liability, Shariah risk, liquidity risk)
  • Maximising business opportunities from the growing appetite for retail banking and takaful products


For more information contact Natasha Wood, nwood@euromoneyplc.com tel: +44 (0)20 7779 8547
For registration and marketing enquiries contact Tom Barnes, tbarnes@euromoneyplc.com tel: +44 (0)20 7779 8775
For speaking and sponsorship opportunities contact Siham Ammoura, sammoura@euromoneyplc.com tel: +44 (0)20 7779 8063

publié le 3 January 2014

2nd Bahrain retail fair opens from 2 to 5 january 2014

The four-day second Bahrain Retail Fair and Seminar opened today at the Bahrain International Exhibition and Convention Centre.

Nader Al Moayyed, Undersecretary for Trade, Ministry of Industry and Commerce, said Bahrain had witnessed a 10 per cent increase in floor space for exhibitions in 2013 over 2012. This pointed to exhibitions having a direct effect on the economy.
"The overall economic sentiment is turning more bullish as evidenced by the rise in number of commercial registrations," the undersecretary said. Abdulhameed Al Asfoor. Managing Director, AMG, said the auto sector was the new entry at this second edition. This resulted in a 30 per cent jump in overall floorspace, he added. He projected a 20,000 visitor count for the current edition.
Source: Bahraini News Agency (BNA)

publié le 3 June 2011

5th Middle East Energy Security Forum

[# The Fifth Middle East Energy Security Forum 2011 (MEESEC 2011) is the Middle East’s leading energy security forum- that reveals the latest strategies & technologies which can be implemented to effectively mitigate threats.#]

[#The Fifth Middle East Energy Security Forum 2011 (MEESEC 2011) is the Middle East’s leading energy security forum that reveals the latest strategies & technologies which can be implemented to effectively mitigate threats.

The conference will focus on regional security Hotspots, non-technical risks, next generation technology, security culture, onshore security, offshore security, risk management and security.

The event aims to emulate the success of its predecessors by strategically meeting the heavy demands on the energy security today.

Top industry leaders such as Nigel Carpenter, AMEC, Director - Group Security, John Meakin, BP, CISO & Director- Group Security, Dennis Amachree, Addax Petroleum, Country Security Manager, Kristiina Kangaspunta, UN Interrogational Crime & Justice Institute, Office –in-Charge, Ross Johnson, Capital Power Corp, Security Manager and many others will discuss the security management, risk mitigation, intelligence strategies & operational continuity and will also share the best practices in the industry related to energy security.

MEESEC 2011 is organized by Fleming Gulf Conferences which is named as one of the biggest names in business intelligence. The company has 5-year history of producing high quality, industry specific business events around the world and in the Middle East.

To know more details about 5th Middle East Energy Security Forum 2011, please click the link below:

http://www.fleminggulf.com/energy/middle-east/5th-middle-east-energy-security-forum#]

publié le 24 December 2010

7th edition of Dubai International Film Festival concludes with Muhr awards

[#A star-studded week of red carpet glamour, inspiring conferences and not forgetting great film wrapped up on Sunday night at the Dubai International Film Festival closing ceremony.#]

[#The seventh annual event has seen A-listers including Colin Firth, Colin Farrell, Ed Harris, Jim Sturgess, Beau Garrett, Kelly Brook, Emma Caulfield, Carey Mulligan and Peter Weir grace the red carpet.

The festival, held at the Madinat Arena, confirmed its credentials as the leading festival of the Arab world, Africa and Asia, with a line-up of 157 films from 57 countries, and didn’t disappoint. With 41 world premieres, 13 international premieres, 58 Middle East premieres and 32 Gulf premieres, the options were endless.

This year the Muhr Awards – with categories for Arab, Emirati, Asian and African cinema – handed out a total prize fund of $575,000.

Introduced in 2006 the Muhr Awards has so far honoured 65 filmmakers, producers and actors as well as facilitated in raising the profile of the winners at an international level.

The in-competition Muhr Awards scooped a record 848 entries this year, with the Muhr Arab segment drawing 62 feature films, 228 short films, and 113 documentary films. The Muhr AsiaAfrica competition, dedicated for filmmakers from Asia and Africa, similarly received 445 entries, encompassing 136 feature films, 199 short films, and 110 documentary films.

The Festival’s new Muhr Emirati competition, introduced to further strengthen and recognise rising Emirati talent, received 25 feature films, short films, and documentaries.#]

publié le 25 May 2015

A first in Europe: the FREMM Aquitaine fires a naval cruise missile

Press release

The frigate Aquitaine, the first unit in the multi-mission frigate program (FREMM), has successfully fired its first missiles: an Exocet MM40 surface-to-surface missile and a naval cruise missile. The missiles were fired respectively on 12 and 19 May on the firing ranges of the DGA missile testing centre off Levant Island. This is the first time that a European surface ship has fired a European cruise missile.

The two synthesis firings prepared by the crew of the French Navy, the DGA teams and manufacturers MBDA and DCNS are part of the verification of the technical capabilities of the FREMMs before entry into active service. This is another major milestone, after the firing of an Aster 15 anti-aircraft missile in 2013 and the commissioning on March 13 of the MU 90 lightweight torpedo on the Caiman marine helicopter, the naval version of the NH90 helicopter.

Future backbone of the French Navy, the FREMMs are heavily armed warships, carrying naval cruise missiles, Exocet MM40 anti-ship missiles, Aster anti-aircraft missiles and MU90 anti-submarine torpedoes. All the FREMMs can accommodate a Caiman marine helicopter, as well as Special Forces and their equipment. Six FREMMs will be delivered before mid-2019.

The naval cruise missile provides deep strike capabilities within enemy territory. With a range of several hundred kilometres, the naval cruise missile is capable of destroying infrastructure targets of high strategic value.

publié le 23 January 2011

A New Cultural Landmark Opens in Doha: Mathaf Arab Museum of Modern Art

[# For its inauguration, Mathaf presents three exhibitions featuring historic works of Arab modernism and many newly commissioned works, which will be on view at two sites in Doha, Qatar#].

[#
Mathaf opens its new building with Sajjil: A Century of Modern Art, the first in an ongoing series of exhibitions that will survey its unparalleled permanent collection, on view from December 30, 2010 (closing date to be announced). Sajjil, an Arabic word meaning the art of recording, features more than 240 paintings, sculptures and mixed-media works made by more than 100 artists, representing pivotal moments in the development of Arab modernism throughout the 20th century. Arranged thematically across twelve galleries, the historical exhibition makes its own contribution to rethinking the position of Arab artists toward modernism and within the modernist movement. The exhibition is organized by guest curator and consultant Dr. Nada Shabout, Associate Professor of Art History and Director of the Contemporary Arab and Muslim Cultural Studies Institute at the University of North Texas; Wassan Al-Khudhairi; and Deena Chalabi, Mathaf’s Head of Strategy.

Mathaf will present the additional two inaugural exhibitions Interventions and Told / Untold / Retold at the Qatar Museum Authority’s new exhibition space located on the grounds of the Museum of Islamic Art.

Interventions: a dialogue between the modern and the contemporary (December 30, 2010 – May 28, 2011) honors the lives and careers of five major figures in Arab modernism who remain influential today. Dia Azzawi, Farid Belkahia, Ahmed Nawar, Ibrahim el-Salahi and Hassan Sharif have each been commissioned by Mathaf to create a new work, which will be shown in the context of existing works by the artists from the Museum’s permanent collection. The exhibition is curated by Dr. Nada Shabout.

The most ambitious museum exhibition of contemporary art in the Arab world to date, Told / Untold / Retold: 23 stories of journeys through time and space (December 30, 2010 – May 28, 2011) features new works commissioned by Mathaf from 23 contemporary artists with roots in the Arab world. The exhibition is a collection of 23 stories each vividly expressed in new works of painting, sculpture, photography, video, multimedia installations and interactive digital art. The featured artists are Adel Abidin, Sadik Kwaish Alfraji, Buthayna Ali, Ahmed Alsoudani, Ghada Amer, Kader Attia, Lara Baladi, Wafaa Bilal, Abdelkader Benchamma, Mounir Fatmi, Lamia Joreige, Amal Kenawy, Jeffar Khaldi, Hassan Khan, Youssef Nabil, Walid Raad, Khalil Rabah, Younès Rahmoun, Steve Sabella, Marwan Sahmarani, Zineb Sedira, Khaled Takreti, and Akram Zaatari. The exhibition is curated by Sam Bardaouil and Till Fellrath, co-founders of Art Reoriented, a curatorial platform focusing on contemporary art from the Middle East.#]
www.mathaf.org.qa

publié le 20 August 2010

A Night of Local Cultural Treats at Coral Beach Resort - Sharjah

[#To celebrate Iftar and entertain both corporate clients and media, the Coral Beach Resort – Sharjah, is to play host to an evening of drama and traditional hospitality on August 26, with local celebrity, Dedra Stevenson, arranging a night of Middle East cultural treats.#]


[#Author of The Hakima’s Tale, the third volume of which has just been published, Ms Stevenson has introduced a modern approach to Arabic folklore in her novels aiming to bridge the gap between Western and Middle East culture – and guests at the Coral Beach Resort –Sharjah will be entertained with a short dramatic rendition of a passage from the latest volume by local STAR TOO experimental theatre group.
Among the ensemble cast are Victoria Borasio, Sarah Dufayard, Subah Shahib, Tareq Ghosheh, Assem Krouma, Defne Gursoy and Drazwn Lucic who will together bring the heroes and villains of the novel to life.
Following the act, Hajer Abdulsalem will read a chapter from The Revenge of the Blue Jinni which is now available in Arabic too.
According to Jean-Pierre Simon, regional general manager, Northern UAE for Coral Hotels & Resorts, the evening will not only offer opportunities for guests and management to relax and come together in the spirit of Ramadan, it will also provide a novel insight into Arabic culture.

“Dedra Stevenson has created a unique perspective on Arabic folklore and we are delighted to be able to bring a taste of this to our Iftar celebration as a special treat for our valued clients and media,” he said.

“During the Holy Month of Ramadan, our menu of Iftar and Suhoor packages has been designed to offer something for everyone, with exceptional value buffets, Arabic entertainment and a beachfront location … but this is an evening with a difference.”

The showcase resort is offering free food for children under the age of six and a 50 per cent discount for those between six and 12, as well as an Iftar buffet for AED98, inclusive of a wide selection of Arabic favourites, snacks, local sweets, fresh juices and Ramadan drinks.#]

For media contact:
Hina Bakht
Vice President, MPJ (Marketing Pro-Junction)
Mob: 050 697 5146
h.bakht@mpj-pr.com / www.mpj-pr.com

publié le 1 February 2014

A rejuvenating spring break at Amwaj Rotana- Dubai

Guests can enjoy a value-added experience this spring at Amwaj Rotana Jumeirah Beach – Dubai

Amwaj Rotana offers the ultimate spring break experience for guests visiting Dubai, a rejuvenating package that matches the unparalleled oceanfront setting and exclusivity found at Jumeirah Beach residence.

Guests can escape, luxuriate and indulge with the Amwaj Rotana Spring Break package, for 25% off the best available rate.

From exploring the major city attractions by a complimentary shuttle service to a relaxing massage at Bodylines fitness center and getting suntanned by the pool on the terrace; Amwaj Rotana is inviting you to a memorable spring vacation while enjoying delectable delicacies from the Italian, Japanese and International cuisines.

For reservations or more information, please contact us on +971 (0)4 428 2000 or via email at reservations.amwaj@rotana.com.

Terms and Conditions:
- Offer is valid for stays between 1 February – 19 March 2014.
- Minimum length of stay is 2 nights
- Offer is subject to availability
- Bookings are non-refundable


About Rotana

Rotana currently manages a portfolio of over 85 properties throughout the Middle East and Africa with an aggressive expansion plan in place. Rotana has chosen to acknowledge how precious time is by making all time spent in their range of hotels ‘Treasured Time’. This means Rotana has pledged to understand and meet the individual needs of all guests. In so doing, Rotana has evolved its product brands to include, Rotana Hotels & Resorts, Centro Hotels by Rotana, Rayhaan Hotels & Resorts by Rotana and Arjaan Hotel Apartments by Rotana. Treasured Time. The Rotana promise to you.

Further information on any Rotana property, its brands or reservations can be obtained by visiting rotana.com orby contacting one of the regional sales offices.

publié le 21 February 2008

About us

Dubaifrance.com which will become
France-moyenorient.com is the french leading press group specialized in economic, financial and cultural information on line decicated to the Middle East and North Africa with corporate services( BtoB, ICE events).

- BENIA Mustapha
Chairman and Founder

-  LEFEVRE BRUNO
Head of project, web development
insite.coop

- B.Latreche fatah
Redactor in chief, Paris
FARIS Nadia
Journalist , Casablanca

- BOUCHAABA Djamila
Administration, Advertising

publié le 30 August 2011

Abraaj Capital acquires $161 million Amundi’s private equity platform

[#Abraaj.jpgAfter failing in its talks to acquire Citadel Capital, Abraaj Capital just announced it has acquired the North African private equity platform of Amundi, a French asset manager jointly owned by Société Générale and Crédit Agricole - hence taking over their 11 member team and $161 million fund.#]

publié le 6 April 2014

Abu Dhabi Airports partner with Global Aerospace Summit for second year

press release

Abu Dhabi Airports commits its support to the Global Aerospace Summit for the second year as an official Summit Partner.Taking place from the 7th – 8th April 2014 at the St Regis Hotel Saadiyat Island, Abu Dhabi, the Summit will bring together over 1000 C-level executives, senior decision makers and government officials involved in the aerospace, aviation, defence and space industries, making it one of the most important industry forums to attend. The theme of the summit this year is ‘Forging Strategies for the Growth of our Industries.’

Thus far, the development of the aviation industry in Abu Dhabi has been led by Abu Dhabi Airports and Etihad Airways. Both entities are investing substantially to further develop the aviation industry in line with the Abu Dhabi Economic Vision 2030; Etihad is focusing on product innovation as it continues to expand its operations, while Abu Dhabi Airports provides the necessary support with the provision of world- class airport infrastructure.

Tony Douglas, CEO of Abu Dhabi Airports said: “We are proud to be involved in this significant industry event for the second year since its inception. Abu Dhabi’s aviation industry is a vital pillar supporting the long-term objectives set out in the Abu Dhabi Economic Vision 2030. It has constituents of every value stream from aircraft operators to maintenance, repair and overhaul (MRO) services, making Abu Dhabi the ideal venue for the meeting of top-level decision makers from both established and emerging markets to share ideas and collaborate. We are excited to discuss and learn more about the crucial issues the aerospace, aviation, defence and space industries are currently facing.”

Douglas, who joined the company in March 2013, is curently responsible for the enhancement of Abu Dhabi’s international gateway through one of the most ambitious airport expansion schemes in the world. He will give his keynote speech on the opening day of the Summit at 10:40am.

H.E. Saif Mohammed Al Suwaidi, Director General, General Civil Aviation Authority (GCAA) will give the Welcome Address this year followed by a panel discussion on the possibility of partnerships and collaboration leading to an increase in returns across the aerospace and aviation industries.

The Global Aerospace Summit will gather senior decision makers and government officials involved with the aerospace, aviation, defence and space industries. Running alongside the Summit’s main conference is a series of industry specific strategy sessions, closed door meetings, social networking opportunities and site visits.

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure.

In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently underway is the multi-billion dollar redevelopment and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year.

publié le 30 June 2014

Abu Dhabi Airports posts record 27.4% passenger traffic increase in may 2014

Press release

Abu Dhabi International Airport recorded 27.4% increase in passenger traffic for the month of May 2014, the highest in the airports’ history. A total of 1,633,700 passengers used Abu Dhabi International Airport last May as compared to 1,282,185 in May 2013.

Aircraft movements also increased by 15.8% registering 12,931 movements when compared with 11,162 movements logged in May 2013. Cargo activity handling rose to 66,944 tonnes representing a 24.5% increase when compared to 53,788 tonnes in May 2013.
Manila was the most popular route in May increasing by 21% due to a boost in Philippine Airlines’ operations, followed by Doha which increased by 27%, affected by the increase in Etihad flights to Qatar. Bangkok was the third most popular destination followed by London which recorded an increase of 12% followed by Mumbai which has grown sharply by 87% due to Etihad and Jet Airways’ double daily flights, and became one of the top 5 destinations for the first time.
Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, commented on the May traffic numbers saying: “Passenger numbers have continued to increase over the past few years, making the airport one of the fastest growing aviation hubs in the world. New code share partnerships between Etihad and various airlines have positively impacted our traffic numbers and we were excited to receive the first Aegean Airways flight on the 28th of May 2014. It is also important to note India, as one of our main traffic drivers, recorded a significant increase of 60% this month due to an increase of Jet Airways flights to 65 flights per week, with a rise in the number of destinations to 6 from 3 last year.”
“Abu Dhabi Airports is on track to handle this significant increase in air traffic through our current Capacity Enhancement Programme, as construction on the new Midfield Terminal Complex continues on track. We are looking forward to a busy summer programme as we strive to enhance the passenger’s experience through a range of services and offerings.”

About Abu Dhabi Airports:

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH;
Instagram: http://instagram.com/abudhabiairports;
LinkedIn: http://linkd.in/1b0VuqK;
YouTube channel: http://youtube.com/user/AUHAirport
Facebook: http://facebook.com/
Web sites: www.adac.ae, www.adacmediacentre.com

publié le 11 November 2015

Abu Dhabi Air Expo doubles in size for 2016

press release

Al Bateen Executive Airport, the only dedicated business aviation airport in the region, announced today that it has doubled the exhibition space for Abu Dhabi Air Expo 2016 in response to huge demand from key industry professionals to participate. Abu Dhabi Air Expo 2016 is being held from March 8th to 10th, as part of Abu Dhabi Aviation and Aerospace Week, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

The event will occupy nearly 60,000 square meters of space at Al Bateen Executive Airport. Leading private aircraft manufacturers Dassault Aviation, Gulfstream, Embraer, Bell Helicopters, Cirrus Aircraft, Tecnam, and Boeing Business Jets will be back for the fourth edition. Most of these exhibitors are upgrading the size of their stands. Abu Dhabi Aviation, the largest commercial helicopter operator in the UAE, and Royal Jet, the award-winning international luxury flight service provider, have committed once again to being the main sponsors for the show.

Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, said: “The general aviation industry is witnessing tremendous growth in the region and Abu Dhabi Air Expo provides a perfect environment and opportunity for industry leaders to gather and discuss key developments in the market. The overwhelming response we are witnessing from companies is testament to the fact that Abu Dhabi Air Expo serves as a dynamic platform for them to reach growth markets across the MENA region, engage with potential partners and grow their businesses. It also demonstrates Al Bateen Executive Airport’s position as a leader in regional general aviation.”

According to the Middle East Business Aviation Association (MEBAA), the regional business aviation sector is projected to be worth USD 1.3 billion by 2020, with the size of the business jet fleet in the Middle East set to grow from approximately 500 planes currently in use to 1,375.

The three day Air Expo event is set to welcome over 20,000 visitors from the aviation and aerospace industries. An exhibitor line-up of 300 manufacturers and suppliers will showcase the latest innovations and development in private jet aircraft, helicopters, executive charter services, airport equipment and services, avionics systems, insurance and financing.

Over 150 aircraft, from ultra-light to heavy business jets, will be on show to be explored by aircraft enthusiasts and businesses searching for the best airplanes and aviation-related services.

In addition to the main exhibition area, Abu Dhabi Air Expo will also host Abu Dhabi Heli Expo, showcasing all that the helicopter industry has to offer. Attendees will be able to meet representatives from leading manufacturers, distributors and support companies, and get up close to a range of helicopters.

The Middle East Aviation Career Conference, which will also run in parallel with the Air Expo, will give a unique platform for industry partners to discuss the challenges in securing aviation professionals for the future, and how to tackle them by developing the right education and training programs. In addition, selected students from Abu Dhabi will be encouraged to interact with industry experts in a series of workshops aimed at encouraging young talent to be innovative and to come up with alternative solutions to aviation sector issues.

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 45 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.
You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH

Instagram: http://instagram.com/abudhabiairports

LinkedIn: https://www.linkedin.com/company/abu-dhabi-airports

YouTube channel: www.youtube.com/user/AUHAirport

Facebook: www.facebook.com/AbuDhabiAirports

Web sites: www.adac.ae, www.abudhabiairport.ae

About Abu Dhabi Aviation and Aerospace Week (ADAA)

In March 2016, Abu Dhabi will see the hosting of the world’s largest high-profile dedicated aerospace and aviation week, Abu Dhabi Aerospace & Aviation Week. Abu Dhabi Aerospace & Aviation Week will take place across the emirate of Abu Dhabi and is to be held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The series of events will build on the existing and renowned aviation and aerospace events in Abu Dhabi, such as the Abu Dhabi Air Expo, Global Aerospace Summit and Unmanned Systems Exhibition, as well as supporting new initiatives such as the inaugural edition of the stimulation show hosted by ADNEC in collaboration with the Armed Forces General Headquarters, all under one banner that will reinforce Abu Dhabi’s status as a leading aviation and aerospace center.

publié le 24 February 2014

ABU DHABI AIR EXPO OPENS TOMORROW AT AL BATEEN EXECUTIVE AIRPORT

press release

Abu Dhabi, United Arab Emirates: Under the patronage of His Highness Sheikh Hazza Bin Zayed Al Nahyan, National Security Advisor, and Vice Chairman of the Abu Dhabi Executive Council, the Abu Dhabi Air Expo, the only general aviation exhibition in the Middle East, opens tomorrow.

The Abu Dhabi Air Expo will take place this week from Tuesday, 25 February to Thursday, 27 February 2014 at Al Bateen Executive Airport, with doors open from 10 am to 5 pm each day.

More than 17,000 visitors are set to attend with an exhibitor line-up of 175 companies spread out over 80,000 square meters of exhibition space. The Expo will bring together owners, pilots, fixed-based operators and professionals in the general aviation industry from more than 70 countries, including Canada, United States of America, Germany, France, Switzerland, Czech Republic, Korea, Belgium, Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan, set to discover the industry’s latest developments and innovations.

Visitors will also have the unique opportunity to experience the “Paper Planes” Art Exhibition by H.H. Sheikha Al Yazia Bint Nahyan Bin Mubarak Al Nahyan at the Gulf Centre for Aviation Studies (GCAS) facility in Al Bateen Executive Airport. The series of art work being displayed is from H.H.’s ‘Spontaneity Series’ with the focus of this exhibition being spontaneity and how aviation imparts a sense of freedom.

The UAE’s Al Fursan Aerobatic team, Emirates Sky Diving team and the famous Captain Zoltan Veres, the recipient of five Guinness world records, are also set to wow crowds with an exhilarating performance on each of the three days at 3 pm.

One of the Air Expo’s distinctive characteristics is that it takes place outdoors with exhibition stands set up alongside the aircraft on the static display where visitors can learn more about the general aviation industry’s latest models. Air Expo will showcase key developments that relate to private aircraft, helicopters, general aviation manufacturers, airport equipment and services, pilot training schools, avionics, insurance and financing.

H.E Ali Majed Al Mansoori, Chairman of Abu Dhabi Airports said: “For the third year running, Abu Dhabi Air Expo 2014 is set to showcase the latest developments of the general and business aviation industry in the region. The opportunities the show will present create an unprecedented platform for industry leaders to engage and discuss developments in the field. Abu Dhabi Airports is also looking forward to welcoming aviation enthusiasts from the region to experience the exciting aircraft on display as well as to learn more from the biggest players in the industry.”

More than 100 aircraft will be on display from industry leading aviation manufacturers including Bombardier, Dassault Aviation, 2 Boeing aircraft, Gulfstream, Cessna, Piper Aircraft, Cirrus Aircraft, and 5 Airbus aircraft at this year’s Expo. The exhibition is open for the public during the 3 days from 10 a.m. Visitors need to be above the age of 16 years old and need to present a business card. Entry is by invitation or at a charge of 100 Dirhams upon entry.

Abu Dhabi Duty Free will also be showcasing their latest products and offerings in Abu Dhabi Air Expo and will also feature its ‘Scratch and Win’ promotion. Shoppers will be eligible for “scratch and win” tickets to win instant prizes ranging from diamond rings, electronics and gift vouchers and Golden Class – meet and assist annual memberships. Flight tickets to over 30 destinations will also be provided courtesy of Abu Dhabi Airports’ airline partners, which include Etihad Airways, Air India, Air Astana, Egypt Air, Air Blue and Gulf Air.

Abu Dhabi Air Expo 2014 is hosted by Abu Dhabi Airports along with the support of many key Abu Dhabi sponsors, including: ADNOC, UAE Armed Forces, the Department of Transport in Abu Dhabi, Al Futtaim Group, Falcon Aviation Services, Royal Jet, Abu Dhabi Aviation, Mubadala, Rotana Jet, Etihad Airways, Jetex, Breitling, the Tourism and Culture Authority of Abu Dhabi and, the General Civil Aviation Authority.

For more information, please visit www.abudhabiairexpo.ae or www.adac.ae

or follow us on Twitter: @AUH.

You can also follow Abu Dhabi Airports on Instagram: @abudhabiairports; LinkedIn: http://linkd.in/1b0VuqK; or, subscribe to our YouTube channel: http://youtube.com/user/AUHAirport.

publié le 30 June 2015

Abu Dhabi Airports Achieves ISO standards for Information Security

Press release

Abu Dhabi Airports announced today that it has successfully achieved the ISO 27001:2013 standard of information security across all of its IT systems. This distinguishes Abu Dhabi Airports as the first airport in the UAE to earn this prestigious accreditation. The company also successfully re-certified its broader suite of IT services to the ISO/IEC 20000 level.

Eng. Mohamed Mubarak Al Mazrouei, the Chief Executive Officer of Abu Dhabi Airports, said: “This new achievement exemplifies Abu Dhabi Airports’ focus on innovation and commitment to embed best practices across our entire operations including the iconic and ambitious Midfield Terminal Building.”

Abu Dhabi Airports currently provides a wide range of IT services to more than a hundred customers operating at the airport. These services include office IT services, airport IT services, datacenter services and professional business services, which are provided within Abu Dhabi Airports’ campus.

Al Mazrouei continued: “We take customer service very seriously and it is our commitment to provide our clients with the best possible services at the highest possible standards that drives our success.”

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH;

Instagram: http://instagram.com/abudhabiairports;

LinkedIn: http://linkd.in/1b0VuqK;

YouTube channel: http://youtube.com/user/AUHAirport

Facebook: http://facebook.com/

Web sites: www.adac.ae, www.adacmediacentre.com

publié le 21 October 2015

Abu Dhabi Airports ties up with Abu Dhabi Motors to deliver Premier Travel Experience at its VIP Terminal

press release

A limited edition Rolls Royce Phantom and a fleet of five BMW 7 Series sedans have been delivered to Abu Dhabi International Airport’s VIP terminal, to chauffer passengers between the luxury terminal and their flights in true style. The cars, provided by Abu Dhabi Motors, the official BMW Group importer in the capital, further complement the prestigious facilities available to passengers using the terminal.

Daniel Cappell, Acting Chief Commercial Officer at Abu Dhabi Airports said, “Since its launch earlier this year, the VIP Terminal has offered our most discerning guests an unrivaled luxury travel experience. From a dedicated check-in point, baggage services and immigration counters, to the exquisite privacy and hospitality of the majlis, the VIP Terminal is fast becoming known as a haven of unsurpassed luxury and exclusivity. The addition of the BMW 7 Series and a special limited edition Rolls Royce Phantom are emblematic of the very highest standards of amenities we offer our VIP travelers.”
Arno Husselmann, General Manager of Abu Dhabi Motors, commented: “We are delighted to be partnering with Abu Dhabi Airports’ VIP Terminal to provide passengers with this unique experience. The iconic Rolls Royce Phantom, and BMW 7 Series offer maximum comfort to passengers and we believe those traveling via the VIP Terminal will appreciate the contemporary luxury and high quality details throughout the vehicles. These cars complete a seamless luxury travel experience from the aircraft door to the welcome reception at the exclusive VIP lounge”.
Johannes Seibert, Managing Director for BMW Group Middle East said: ”Our automobiles provide best-in-class comfort and style to discerning travelers. This is the idea behind the initiative to provide Abu Dhabi Airports with Rolls Royce and BMW 7 Series vehicles. The cars were delivered by our importer Abu Dhabi Motors, who shares our ambition to deliver customer experience and service quality on the highest level”.
The VIP Terminal is conveniently located and directly adjacent to the commercial terminals at Abu Dhabi Airport making this service available for all passengers regardless to their class of travel. Other amenities offered at the VIP Terminal include a business center, transfer of luggage directly to and from aircraft, state of the art entertainment systems, a range of complimentary beverages, world class gastronomic offerings and spa-like washrooms.

About Abu Dhabi Airports
Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH

Instagram: http://instagram.com/abudhabiairports

LinkedIn: https://www.linkedin.com/company/abu-dhabi-airports

YouTube channel: www.youtube.com/user/AUHAirport

Facebook: www.facebook.com/AbuDhabiAirports

Web sites: www.adac.ae, www.abudhabiairport.ae

publié le 11 June 2014

Abu Dhabi airports to Co-host 134th IATA slots conference

press release

Abu Dhabi, United Arab Emirates: Abu Dhabi Airports, along with Abu Dhabi Convention Bureau, and Etihad Airways will host 1000 delegates from over 200 airlines and airports at this year’s 134th IATA Slots Conference taking place from the 10th – 12th June at Abu Dhabi National Exhibition Centre.

The IATA Slots Conference - a voluntary assembly of IATA and non-IATA airlines - is one of the largest gatherings in the International Airport Transport Association’s (IATA) calendar. The goal of the conference is for airlines and airports to secure the slots that will give them the best possible schedule to offer their customers.

As one of IATA’s largest events, representatives of over 60 schedules-facilitated or fully coordinated airports convene at this semi-annual meeting to secure their slots for the following year. As Abu Dhabi prepares to welcome the delegates, the hosts have estimated the conference will deliver a direct economic impact of AED4.8 million (US $1.3 million) to the emirate.

H.E. Ali Majed Al Mansoori, Chairman of Abu Dhabi Airports, said: “Abu Dhabi Airports is honored to co-host this conference which brings together major regional and international aviation industry players. It is a wonderful opportunity for us to showcase the investment in and progress towards Abu Dhabi’s aviation infrastructure. In fact, guests at our conference will fly over the centerpiece of Abu Dhabi Airports’ multibillion-dollar investment program - the Midfield Terminal Building (MTB) - which will open in July 2017 providing a full terminal building, passenger and cargo facilities, and world class duty-free shops and restaurants. The terminal will have capacity to handle 30 million passengers per year, and up to 8,500 passengers per hour.”

H.E. added: “Abu Dhabi is a natural location for large-scale events such as this. A true destination of distinction, the emirate is developing at a significant rate providing a stable, safe environment with a unique mix of local heritage and international influences. In Addition, with Abu Dhabi International Airport registering double digit growth in passenger numbers year-on-year, there is a clear need for a world-class aviation hub here in the capital to meet this demand. “

Abu Dhabi Airports tonight will host a glittering gala dinner during the conference, with a variety of locally-grown entertainment on offer to delight guests, giving them a unique Emirati experience. A three day Airport Slots & Scheduling Training Course was offered prior to the start of the conference.

Peter Stanton, Head of Worldwide Airport Slots, IATA, said: “IATA is delighted to be bringing the 134th IATA Slots Conference to the Middle East and in particular to Abu Dhabi for the first time in its 65 year history. Abu Dhabi Airports has been absolutely instrumental in bidding for the conference and we are extremely grateful for their generous support and sponsorship of the Gala dinner which I’m sure all delegates found memorable.”

For more information, please visit www.adac.ae, follow us on Twitter, on Instagram, on LinkedIn or, subscribe to our YouTube channel.

ENDS

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently underway is the multi-billion dollar redevelopment and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year.

publié le 7 March 2012

Abu Dhabi Aviation and Royal Jet take part in Abu Dhabi Air Expo

press release

[# Al Bateen Executive Airport, the dedicated business aviation airport of Abu Dhabi Airports Company (ADAC), announced today the participation of Abu Dhabi Aviation and Royal Jet as sponsors for Abu Dhabi Air Expo to be held at the executive airport from 6th to 8th March, 2012.#]

[#
Abu Dhabi Aviation, the largest commercial helicopter operator in the Middle East, will also be displaying a VVIP AW139 helicopter to showcase its latest services and products. Mohammed Al Mazrouei, General Manager of Abu Dhabi Aviation said:

“Abu Dhabi Air Expo will be the perfect venue to focus on Abu Dhabi Aviation’s rapidly expanding civil VVIP helicopter market. As the only operator of a VVIP AW139 helicopter, Abu Dhabi Aviation is proud to provide service to this exclusive clientele.”

Royal Jet will showcase 1 BBJ aircraft at Abu Dhabi Air Expo and commenting on this participation, Shane O’Hare, Chief Executive Officer of Royal Jet, said: "With such an important industry event taking place in our home base of Abu Dhabi, Royal Jet is proud to be actively involved in Abu Dhabi Air Expo. This is an excellent opportunity to showcase the current strength of the aviation sector and to demonstrate support for Abu Dhabi’s Vision 2030, which acknowledges the importance of a state-of-the-art, efficient and extremely reliable aviation industry.”

The show running from 6th – 8th of March 2012, will act as a catalyst bringing pilots together to view the latest in general aviation technology and innovation, with everything available on exhibit from pilot gears and accessories to aircraft for sale.

Yousif Hassan Al Hammadi, Chairman of the Organizing Committee for Abu Dhabi Air Expo, Deputy General Manager, Al Bateen Executive Airport, said:

“ADAC is proud to have the support of the local and regional aviation community as such commitment is a testament of the show’s credibility and the opportunities it will present. Abu Dhabi Air Expo will benefit all exhibitors and sponsors by connecting them with their counterparts globally to create new ventures and businesses for the Emirate and the region.”#]

publié le 20 May 2008

Abu Dhabi crowned the Best Arab City

Abu Dhabi has ousted Dubai to claim the top spot as the Best Arab City to live in, according to the second annual study of its kind published by Dubai-based Saneou Al Hadath magazine. The 2008 study showed a sharp rise in the rankings of many cities compared with last year’s survey, illustrating the remarkable progress made in both the economic and service sectors in the Arab world.

There was, however, a marked deterioration in some cities, where the quality of life dropped dramatically. The report showed a widening gap between Arab cities in the Gulf and those elsewhere. Oil was cited as a major contributor to growth in most GCC cities, but a lack of discernible progress in some Saudi cities proved that petroleum was not the sole factor. Riyadh’s status remained unchanged while Jeddah dropped one place.

Abu Dhabi, Dubai, Doha, Manama and Kuwait City all moved up in the rankings, taking primary positions in most of the categories. The progress some of these cities have made now elevates them to a position comparable to that of some major cities in the developed world, said report author Yazan Neme.

The economic and cultural progress these cities are experiencing have caused a brain drain from other, less developed Arab cities. In seeking a better quality of life, professionals have increasingly been migrating to the GCC. This is having an impact on the progress of the poorer Arab cities, where human resources are the main, or the only, source of progress. Beirut, from where graduates are rushing to Dubai and other Gulf cities, is an example.

Among the 19 Arab cities covered in the study, Abu Dhabi was first, followed by Dubai. In the 2008 study, Abu Dhabi scored very well in the entertainment and culture category – although Dubai retained its top slot here – and also beat Dubai in the business, communication and transport categories.

At the other end of the scale, however, little has changed from last year. Khartoum was placed last, after Algiers. Rabat dropped one place to 17. The most remarkable change in this year’s rankings was Tunis and Beirut. Tunis has moved up to sixth position from 11th last year. Beirut, however, dropped six points to 10th place from fourth last year.

Kuwait City topped the business category, followed by Manama, Riyadh, Jeddah, Abu Dhabi and Doha, while Dubai came seventh.

Although Doha and Dubai are the most economically active Arab cities, they did not top the business category because of their high cost of living and high inflation – 12 per cent in Qatar and the UAE in 2007. Kuwait City came in first due to a number of factors, including Kuwait’s high GDP per capita, which reached $55300 in 2007, and relatively low inflation, at 3.9 per cent (according to the CIA’s World Factbook).The country had the second largest GDP per capita in the Arab world and the fifth largest worldwide.

The UAE’s GDP per capita put the country in sixth position worldwide, down from fourth last year. According to the study, Khartoum is the worst place to do business, coming 19th after Aleppo and Damascus. The two Syrian cities fared poorly in many of the survey’s measurement sources including the World Bank’s Ease of Doing Business index, Transparency International’s Corruption Perceptions Index and the Heritage Foundation’s Index of Economic Freedom.

Abu Dhabi also topped the health category, followed by Dubai and then Doha. Bahrain is the biggest spender on health care, at $871 per capita, while Sudan is the smallest, at $41 per capita. Beirut is the city with the highest percentage of doctors, with 325 per 1000 inhabitants, while Emiratis enjoy the longest life span and the lowest infant death rate.

Both Abu Dhabi and Dubai came first in the security and human rights category. This category factored in murder rates, drug abuse, security, risk of war and gender equality, among others. In its Press Freedom Index rankings, Reporters Without Borders put Kuwait at the top and Syria at the bottom.

Abu Dhabi is again the best Arab city in the communication and transport categories, followed by Manama, Kuwait City and Tunis. Dubai came fifth due to its heavy traffic, though the city has the best road infrastructure, according to the World Economic Forum. The worst roads are in Khartoum.

In entertainment and culture Dubai was again ranked number one. Abu Dhabi, however, made a giant leap to second place.

The UAE as a whole ranked 18th in the Travel and Tourism Competitiveness Report published by the World Economic Forum, beating Tunisia at 34th and Qatar at 36th place.

In education, Amman topped the category, beating Manama and Doha. The Qatari government spends the largest share of its budget on education (28 per cent). On amount spent per capita, Doha shared first place with Beirut and Tunis. Morocco had the highest rate of illiteracy (53.3 per cent). Beirut enjoyed the highest tertiary education rate, at 48 per cent; Khartoum once again scored the lowest.


Source: menareport.com

publié le 23 December 2010

Abu Dhabi Festival Welcomes The World Orchestra For Peace Conducted By Valery Gergiev

Press release

[#Abu Dhabi Festival 2011 inaugurates its world-class programme of performances and concerts featuring a plethora of critically acclaimed international artists. On January 4th at the Emirates Palace the Festival will welcome the UNESCO Artists for Peace Maestro Valery Gergiev and the World Orchestra for Peace, for the first time in the Arab world. Embodying the Festival’s global reputation as a symphony of global cultures, the January 4th regional premier will herald the beginning of the eighth edition of the UAE capital’s foremost celebration of artistic excellence. Under the stewardship and direction of the Abu Dhabi Music & Arts Foundation (ADMAF), Abu Dhabi Festival reflects the Emirate’s vision of a global cultural capital of the 21st century. Tickets will go on sale from today for ‘The World Orchestra for Peace’, a magnificent concert that will include musicians from 30 countries and more than 62 international orchestras.#]

[#
The 2011 theme of the Abu Dhabi Festival is “Harmony for Humanity”, and celebrates the capability of culture, the arts and music to bring people together in mutual appreciation and encourage a more harmonious way of living. Hosting the performance at the start of the New Year reinforces the spirit of the gift of music. Appropriately, the late Founder of the World Orchestra for Peace, Sir Georg Solti was a passionate believer in the “unique strength of music as an ambassador for peace” and it is in this spirit that the Abu Dhabi Festival has invited the Orchestra to perform.

“We are thrilled to welcome the celebrated UNESCO Artists for Peace Maestro Valery Gergiev and the World Orchestra for Peace to Abu Dhabi, for their debut appearance in the Arab world,” said Founder & Artistic Director of the Abu Dhabi Festival, Her Excellency Mrs. Hoda Al Khamis Kanoo.

“This unparalleled event marks a most opportune beginning to the new year, and also to the Abu Dhabi Festival, which in 2011 will celebrate the theme “Harmony for Humanity” in recognition of the powerful ability of music, arts and culture to transcend difference and bring people together.”

“The World Orchestra for Peace and the Abu Dhabi Festival share a common belief in the unifying spirit of music and arts, which so elegantly brings together human beings of different nationalities, cultures and traditions.

I sincerely hope that through this remarkable event, we may share with the people of the UAE the beauty of music in seeking greater cultural understanding.” She added.

Comprised of the world’s finest orchestral players drawn from more than 62 international orchestras and representing 30 countries, the orchestra was recently designated UNESCO Artist for Peace, the first major orchestra to receive the honour. Formed in 1995 by the late Sir Georg Solti, the Orchestra comes together only on special occasions to promote peace or celebrate reconstruction, the essence of its special mission.

“My late husband, Sir Georg Solti, created this unique orchestra in 1995 as a gesture of world harmony in celebration of the 50th anniversary of the founding of the United Nations. My husband, having lived through two world wars, believed that it was the duty of everyone to look forward and learn from the past to create a better future“, Said, Lady Valerie Solti, patron of the World Orchestra for Peace.

“This will be the first time the orchestra has performed in an Arab country and we are most grateful for the invitation to come to Abu Dhabi and have this further opportunity of spreading our mission of peace.” She added.

The Orchestra’s world-acclaimed conductor Valery Gergiev will lead the orchestra through a programme of popular classics including Rossini’s William Tell Overture, Prolofiev’s Symphony No 1 and Tchaikovsky’s Symphony No. 5 during the performance at the Emirates Palace.

Tickets for the event will go on sale to the general public from today. Prices start from AED 195 for Pearl tickets, up to AED 495 for Diamond tickets. Reflecting the Abu Dhabi Festival’s commitment to education and young people, students will be admitted for free. Tickets can be purchased online on www.timeouttickets.com as of today, and from the Emirates Palace ticketing desk as of December 20th.

About ADMAF:

The Abu Dhabi Music & Arts Foundation seeks to nurture the arts, education, culture and creativity for the benefit of society and the advancement of Abu Dhabi’s cultural vision. Established in 1996 by Her Excellency Hoda Al Khamis Kanoo, ADMAF Founder, the Foundation is a not-for-profit organisation under the patronage of His Excellency Sheikh Nahyan Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, ADMAF Patron and President.

ADMAF’s broad programme of initiatives and events - including the Abu Dhabi Festival and the International Comic Strip & Cartoon Art Festival among many others - brings together audiences of all ages and nationalities. Through its educational and community programs, it nurtures the creative talent of the UAE and beyond, in partnership with leading national and international institutions.

Visit: www.admaf.org#]

publié le 13 July 2010

Abu Dhabi firm launches portal on Arab women

[# An Abu Dubai media company has launched a website solely dedicated to Arab women, the firm said Tuesday.
The anaZahra.com aims to reflect the lives, passions and pursuits of Arab women. It also hopes to offer greater interaction and create “a sense of community”, it said.
#]

[#The portal will deal with topics ranging from beauty, fashion, well being to society, personal empowerment and celebrity news.

Innovative digital tools enable a higher level of engagement and connection with audiences. The content is well defined, categorized and easy to navigate.

The overall look and feel is complemented by a minimalist design that conveys freshness and femininity, it said.

“With anaZahra.com, we are redefining the digital media space and entertainment for the region’s women. It is a powerful new platform to add to an exciting array of other digital products we are launching over the summer,” said Ricky Ghai, executive director of Digital Media at Abu Dubai Media Company.#]

publié le 21 October 2015

Abu Dhabi Global Market, world ’s newest financial centre, officially open for business

press release

Abu Dhabi Global Market(“ADGM”), the international financial centre in Abu Dhabi, is pleased to announce that its Financial Services Regulatory Authority (“FSRA”) will commence operations with the acceptance and approval of financial services licence application with effect from 21 October 2015. This follows the publication of the Financial Services and Markets Regulations (“FSMR”) and the FSRA Rules, which establish the legislative and regulatory framework for financial services in ADGM.


Firms and individuals can now apply for the appropriate financial services licences, under an internationally recognisable legislative and regulatory framework, that facilitates their local, regional and international expansion. The new financial regulations and rules framework is comprehensive in scope, spanning a variety of regulated financial services, including, asset management, banking and insurance businesses. The regulations also include requirements to safeguard the interests of the marketplace, market infrastructure system, market conduct rules, and ADGM’s enforcement powers and disciplinary actions.

His Excellency Ahmed Ali Al Sayegh, Chairman of ADGM, said: “Today marks an important achievement in our journey to develop ADGM, an international financial centre in the heart of the capital of the United Arab Emirates, a centre of wealth and a gateway to the growing economies of the region and beyond. We have been steadfast in our strategy of building an IFC based on collaboration and input from local, regional and international institutions to ensure that we offer a jurisdiction that provides businesses with what they need and want in order to grow and succeed.

My sincere appreciation to the wise leadership of Abu Dhabi and the UAE for their vision and to the authorities of the Abu Dhabi government, our expert panel members and key stakeholders for their strong support and valuable guidance.”

He added: “As we look ahead, we will continue developing ADGM with our Courts’ regulations currently in open market consultation phase and the announcement of our Courts’ judges to be made imminently. We have established ADGM with an initial core focus based on Abu Dhabi’s strength of wealth management, asset management and private banking. However, we have the flexibility to grow into a broad based IFC attracting a wide spectrum of financial institutions who will choose ADGM as their home. This will cement ADGM’s global position and ensure we contribute to the global ecosystem of international markets and business networks.”

Richard Teng, CEO of ADGM’s Financial Services Regulatory Authority, added: “The FSRA team is excited and looks forward to welcoming financial services firms who wish to establish their presence and fulfil their business growth in this market and region. As a market regulator, FSRA understands that businesses wish to operate within a trusted financial infrastructure that is anchored by clear, transparent and business-oriented regulations and rules of international standards. In our increasingly borderless business environment, companies and investors can be assured that FSRA is committed to maintaining the fairness and robustness of the ADGM financial system, which fosters business innovation and sustainable growth. This is just the beginning of the journey and we will be here for our companies and investors for the long haul.”

Richard added: “Over the next few weeks and months, we will continue to closely engage financial institutions to help them understand our regulations and assist them with the application process. As an international financial centre, we are dedicated to forging long term and mutually beneficial partnerships with like-minded members and market participants.”

Successful Public Consultations and Enactment of ADGM Financial Services Regulations and Rules

The FSRA is guided by a key principle of close and active engagement with stakeholders. It consulted a panel of global and local industry experts and conducted a successful open market consultation of its proposed financial legislation and regulations during July and August this year. The consultation garnered positive responses and active participation from local and international industry participants. Following an in-depth deliberation of the market feedback, the ADGM Board issued the full suite of Financial Services legislation thereby establishing ADGM’s financial regulatory framework that will govern the operations of the FSRA on Al Maryah Island. The newly enacted financial legislation is available on ADGM’s website at adgm.complinet.com/.

Towards an International Financial Centre in Abu Dhabi

As a financial free zone administered and anchored by a Board of Directors and three independent regulatory bodies, namely the Financial Services Regulatory Authority, the Registration Authority, and the ADGM Courts, the ADGM is committed to fulfill its ambition to become one of the world’s leading financial centres. Both local and international companies can tap on ADGM’s strengths and service offerings in asset management, private banking, family offices and wealth management to further develop and expand their business and growth plans in Abu Dhabi and the fast-growing markets in the region well into the future.

ADGM is now operational with the introduction of the financial services regulatory framework and the recent key appointments at the independent ADGM Courts. The ADGM Registration Authority has been operational and reviewing licence applications from non-financial services firms since 15 June 2015 when the ADGM commercial regulations were published. ADGM has been working closely with Al Maryah Island tenants and new industry participants to create greater awareness of and assist them in better understanding the registration framework and licencing requirements for the financial free zone. Currently, ADGM is consulting the public on its draft Courts regulations that will establish the framework and environment of ADGM Courts and judicial system.

publié le 18 February 2014

Abu Dhabi International Airport Begins 2014 with 14.5% Passenger Growth for January

press release

Passenger growth at Abu Dhabi International Airport has marked another double digit increase with a 14.5% rise for January compared to the same month last year.

The airport’s passenger statistics show that 1,564,266 passengers used the airport in January 2014, growing from 1,366,433 in January 2013. Aircraft movements are also registering a parallel increase of 7.7% growth compared with the same month last year to record 11,972 movements.
Commenting on the traffic report, Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, said:
“Abu Dhabi International Airport’s passenger growth continues to display a positive trend for the international aviation industry. The on-going increase in passenger flow validates our strategy of expansion to meet demand from across the world.
“With the construction of the Midfield Terminal building underway, Abu Dhabi Airports will offer additional world class aviation infrastructure to serve the Emirate of Abu Dhabi by 2017.”

Cargo activity showcased a tangible increase with 58,114 tonnes handled at the Capital’s airport, marking an 18.9% increase in January 2014 compared to the same in 2013.
The top five routes from Abu Dhabi International Airport during January were Bangkok, Jeddah, Doha, Manila and London Heathrow.

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports Company assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, ADAC added Al Bateen Executive Airport (an exclusive private aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently underway is the multi-billion dollar redevelopment and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year.

publié le 24 January 2015

Abu Dhabi International Airport marks highest passenger traffic increase in airport’s history

press release

Abu Dhabi, United Arab Emirates: Abu Dhabi Airports today reported a year of solid growth in 2014, setting new annual records in passenger figures, aircraft and freight traffic.

During the year, the airport welcomed around 20 million inbound, outbound and transfer passengers, representing an annual growth of 20% - the highest ever in Abu Dhabi International Airport’s history. The airport handled 154,821 traffic movements, up 14.5% compared to last year. Cargo throughput rose 12.8% year on year, reaching 797,069 million tonnes.

Commenting on these numbers, H.E. Ali Majed Al Mansoori, Chairman of Abu Dhabi Airports, said: "Abu Dhabi Airports is playing a fundamental role in supporting the drive by the emirate of Abu Dhabi to grow its global position as a key player in various dynamic industries, including aviation, both through offering excellent services for passengers, and by increasing capacity to meet the continuing growth in demand. The continuing growth in passenger numbers translates this ambition as it strengthens Abu Dhabi’s position as a growing global transportation hub. Travelers are increasingly choosing to make Abu Dhabi their final destination or stopping point, whether for business or for pleasure, and we will maintain our commitment to improving their experience at Abu Dhabi International Airport, applying imagination and innovation to everything we do. This will be seen in all of our operations, not least in the Midfield Terminal Project, which is making excellent progress towards its opening in 2017."

In 2014 two new airlines joined Abu Dhabi International Airport; the Greek Aegean Airline and Nikki Airways from Austria, and a further 12 new destinations were added during the year. The top five destinations from Abu Dhabi were India, Germany, United Kingdom, Pakistan and Saudi Arabia.

Last month, the airport re-opened its newly renovated Southern Runway as part of its expansion plans in preparation for the iconic Midfield Terminal Complex (MTC) becoming operational in 2017. The Southern Runway is now fully functional alongside the parallel Northern Runway. Together, both runways will reach a total combined capacity in excess of 500,000 aircraft movements annually making Abu Dhabi International Airport one of the largest two-runway operations in the world.

Figures for the month of December 2014 show that the airport ended the year on a high note. Passenger traffic was up 21.7% with 1,833,868 million travelers compared to December 2013. Cargo tonnage was up 5.6% to 69,736 tonnes. The number of aircraft movements went up by 17% to 14,105 movements. December was the airport’s second busiest month of the year following August 2014 .

Al Mansoori added: "2014 was also a year of remarkable development as much as it was a year of growth as we focused on enhancing our facilities to keep in stride with the fast pace of growth and to offer a world class travelling experience to the passengers. I would like to take this opportunity and thank our partners and stakeholders, including the Departments of Ports and Airports Security, Immigration, Customs and our airlines, for taking part in our initiatives and supporting our ambition to deliver state-of-the-art services to all passengers."

Last year saw the production of 20 new bus gates, 21 new code E aircraft stands for wide-bodied aircraft, and 16 new security x-ray machines to expand the current flight and aircraft handling capacity. An additional enhanced baggage transfer system has also been introduced for handling transfer luggage between connecting flights, which enable the airport to handle the increased volume of passenger luggage significantly more efficiently.

These infrastructure developments form part of the Capacity Enhancement Programme (CEP) for Abu Dhabi International Airport. The airport capacity will be boosted further by 30 million passengers when the Midfield Terminal is fully operational.

In November, a total of 1,537,952 passengers passed through Abu Dhabi Airport during the month, a 15.6% increase compared with November 2013. There were 13,501 aircraft movements, which was a 13.9% increase over November 2013’s figure of 11,856. Cargo activity comprised 75,726 tonnes handled at the airport’s three terminals in November 2014, a 13.8% increase when compared to November 2013.

In 2014, the airport won the prestigious title of the "Best Airport for the Middle East region" twice from the Airports Council International (ACI) and by The World Airport Awards of Skytrax, for the third consecutive year, reaffirming Abu Dhabi’s position as a world leading aviation hub. The ACI award came as a result of the Capital’s airport score in the 2013 Airport Service Quality (ASQ) Survey results - a key benchmark for customer service in the global airports’ industry.

publié le 7 June 2014

Abu Dhabi International Airport posts 22.5% increase in April 2014 passenger traffic

Press release

Abu Dhabi Airports has reported a 22.5% increase in passenger traffic during April 2014 at Abu Dhabi International Airport, as compared to April 2013. The airport’s passenger statistics showed that 1,620,324 passengers used the airport during the month, growing from 1,515,407 during the same month a year ago. Aircraft movements increased to 12,420 in April 2014, recording 16.4% growth when compared with 10,673 movements logged in April 2013.

Cargo activity handling rose to 60,059 tonnes representing a 16.6% increase when compared to 51,511 tonnes in April 2013.
The top five routes from Abu Dhabi International Airport during April were Bangkok, Manila, London Heathrow, Doha, and Jeddah.
Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, commented on the significant increase saying: “Today Abu Dhabi International Airport caters to more than 40 international airlines connecting the UAE’s capital with more than 96 destinations in over 54 countries globally. This is as a result of Etihad’s growth strategy, evident in new routes to be served this summer including non-stop flights from Abu Dhabi to Los Angeles in the USA, Zurich in Switzerland, Belgrade in Serbia, Perth in Australia, Jaipur in India and Yerevan in Armenia. Abu Dhabi International Airport will also see more flights from its other airline partners this summer, especially in the Gulf region in Saudi Arabia, Qatar and Bahrain. Additionally, more aircraft will fly to Pakistan with extra flights to Lahore, Islamabad, Karachi, Peshawar and Rahim Yar Khan. Hyderabad, Chennai and Bangalore will each witness 14 extra flights a week from Abu Dhabi - the greatest growth in the Indian market.”
“Abu Dhabi Airports is on track to handle this significant increase in air traffic through the upgrade and expansion of our facilities, exciting new retail offerings, and integration of services to ensure a world class travel experience for passengers. We are looking forward to a busy summer programme.”
Passenger numbers have continued to increase over the past few years, making the airport one of the fastest growing aviation hubs in the world and substantiating the need for the new Midfield Terminal Building currently under construction.
To provide the intermediate capacity that will be needed to meet this demand, before the Midfield Terminal Building becomes operational, Abu Dhabi Airports has implemented a Capacity Enhancement Programme with several key infrastructure projects already delivered, with more in the pipeline.

publié le 21 July 2014

Abu Dhabi International Airport ready to welcome summer rush

Press release

In line with its ambition to provide world class services to all travelers, Abu Dhabi International Airport has geared up for a huge spike in passenger numbers during the summer season, through a series of facility developments and service upgrades.

A range of recently completed ground improvements and new offers at the capital city’s main air gateway will ensure a smooth and enjoyable passage through the airport’s main passenger terminals, according to Abu Dhabi Airports, as the number of travellers are set to soar to record levels. These developments include:

× 20 new boarding bus gates that are now fully open to passengers and flights at Terminal 3 increasing the airport flight capacity by 44% as the airport now has a total of 66 boarding gates.
× 6 new code E aircraft stands for wide-bodied aircraft have also been built in time for the summer rush. These new aircraft stands will increase the airport’s aircraft handling capability at any given hour throughout the day by 10%, with a total of 63 stands.
× In Terminal 3 - the building dedicated to home air carrier Etihad Airways flights - 16 new x-ray machines are now in place to speed up the security process for transfer passengers.
× An enhanced and expanded baggage transfer system has also been introduced for handling transfer luggage between connecting flights, which will be able to handle more luggage, more efficiently and faster than previously, through increasing the handling capacity by 40%.

Companies and agencies working at the airport have also ensured their preparedness to the anticipated summer season by increasing their manpower in various functions including ground services, check-in services, passport control and Police.

For those travellers looking for fast track check-in & immigration and an all-round VIP experience, the Golden Class, operated by NAS, offers a variety of “meet & assist” convenient services at Abu Dhabi International Airport. The service also includes a limousine offering, baggage porters, and delivery and storage. A special summer promotion is currently running until September 30th offering travellers up to 75% on fast track & parking packages for families up to 6 members.

The Abu Dhabi Duty Free summer season sale has now begun with a 50% discount on many items while stocks last. Shoppers can also take advantage of the new ‘buy on departure and collect on return’ shopping service. The service is available at Abu Dhabi International Airport Terminals 1 and 3 and includes all products available from the duty free. In the last few days a traditional Arabic souk has opened within Terminal 1 giving our passengers a small taste of Arabia and an opportunity to purchase some wonderful mementoes of the journey

In addition, a range of new retail shops and food and beverage outlets have been added across the airport for all passengers. Terminal 3 has opened two new duty free shops along the departure pier and in the bus gates to serve the growing passenger numbers on the look-out for last minute purchases and a brand new 161SQM WHSmith has also been added with the latest selections of books, magazines, confectionary and travel essentials, along with a second outlet in the new Arrivals Hall. New food and beverage international brands, such as Flat White, Grab & Fly and Urban Food Market are also now available for departing passengers. The enhancement and fit out of T3 and the additional outlets were completed as part of Abu Dhabi Airport’s on-going initiatives to ensure the delivery of a world-class experience to passengers. Travellers looking for a bit of rest while in transit can experience the GoSleep sleeping pods. The pods are currently available in Terminal 3, next to gate 35, with further units to be installed shortly.

The Arrivals Hall has simultaneously undergone a planned upgrade to offer:

× The first “illy Espressamente” in Abu Dhabi where passengers can enjoy the ‘soul of Italian coffee’ with modern baristas making the perfect brew to enjoy after arrival.

× Abu Dhabi Duty Free’s Big Ticket Millionaire, the long-running and extremely popular prize draw hosted at Abu Dhabi International Airport, has launched from a new location at the airport where anyone can benefit from the chance of winning the monthly grand prize.

× For visitors spending a few nights in the capital city, Abu Dhabi Airports has invited various new hotels to establish a presence at the airport ensuring there is a wide range of accommodation choices available, as well as a dedicated Tourism and Culture Authority Desk for those looking to explore the culturally rich capital.

H.E. Ali Majed Al Mansoori, Chairman of Abu Dhabi Airports, said: "As we look ahead to welcome a record number of passengers using Abu Dhabi International Airport as their connecting hub or destination airport, the number of flights we will handle during the peak travel months will leap by 18 per cent to nearly 170 every single day of the week compared to last summer. We’ve made great improvements all around the airport to ensure that all passengers, whether arriving, departing or transferring, will have a great start to their holiday journey.”

"We’re very proud that in the last few months we have been given the accolade of being the best airport in the Middle East by both passengers and those that work in the aviation industry. With such a busy summer ahead, all are determined to show exactly why we believe those prestigious awards were well deserved. I would like here to highlight the tangible commitment we continue to see from our partners at the airport, from airport police, to immigration, customs and airlines, to support us in providing a unique travel experience to all passengers” added Al Mansoori.

The airport’s developments for this summer are part of the Capacity Enhancement Programme (CEP) for Abu Dhabi International Airport. The CEP will lift the capacity ceiling at Abu Dhabi International Airport to 18 million passengers a year. This will be boosted by a further 30 million passengers when the Midfield Terminal opens in 2017.

publié le 4 June 2014

Abu Dhabi International Airport receives the “Best Airport in the Middle East” Award from Airport Council International

Press release

Abu Dhabi International Airport (AUH) received last week the prestigious award of “Best Airport for the Middle East region” from the Airports Council International (ACI) in an award ceremony in Seoul, South Korea during the council’s annual general assembly. The award came as a result of the Capital’s airport score in the 2013 Airport Service Quality (ASQ) Survey results - a key benchmark for customer service in the global airports’ industry.

Abu Dhabi International Airport was also recertified for 2014, with the prestigious ASQ Assured Certification from Airport Council International (ACI). The certification is in recognition of the airport’s service quality management systems and the commitment of senior management to maintaining the highest service standards.

This certification for quality management provides Abu Dhabi International Airport with an opportunity to learn from peer comparison and benchmarking with ASQ best practice. It is a testament to the airport’s commitment in implementing service quality management and meeting passengers’ expectations. The ASQ Assured Rating for 2013 was 87%.

Commenting on receiving the award, H.E. Ali Majed Al Mansoori, Chairman of Abu Dhabi Airports, said: “Abu Dhabi Airports is proud of receiving the award for “Best Airport in the Middle East” as it is a testament to our commitment to maintaining the quality of travel experience in all areas of operations and developments, whilst delivering to our promise to provide an iconic gateway for Abu Dhabi and the region. The team at the capital’s airport will continue to work tirelessly at enhancing passengers’ services to ensure retaining the service excellence that Abu Dhabi International Airport has become famous for throughout the current period of challenging developments and projects.”

Since its creation in 2006, the ASQ Awards has become the world’s leading airport passenger satisfaction benchmark with over 275 airports participating. The ASQ Awards recognize and reward the best airports in the world based on ACI’s ASQ passenger satisfaction survey and represent an opportunity to celebrate the commitment of airports worldwide to continually improve the passenger experience.

For more information, please visit www.adac.ae, follow us on Twitter, on Instagram, on LinkedIn or, subscribe to our YouTube channel.

ENDS

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently underway is the multi-billion dollar redevelopment and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year.

publié le 28 February 2015

Abu Dhabi International Airport sees 20.7% increase in traffic for January 2015

press release

Abu Dhabi Airports today announces that passenger traffic at Abu Dhabi International Airport increased by 20.7% in January 2015. A total of 1,887,631 passengers passed through Abu Dhabi International Airport during the month, compared with 1,564,266 in January 2014.

There were 14,128 aircraft movements in January 2015, which was an 18% increase over January 2014’s figure of 11,972. Cargo activity comprised 64,479 tonnes handled at the airport’s three terminals in January 2015, an 11% increase when compared to January 2014.
Commenting on the latest passenger figures, Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, said: “Air traffic and passenger movement continue to present a strong growth trend as forecasted for 2015 for Abu Dhabi, and the UAE and the region at large. This is a critical phase for the capital’s airport with its capacity being challenged every day, and Abu Dhabi Airports will continue to demonstrate diligence and commitment in delivering on its promise to provide passengers with a unique travel experience. 2015 will mark several developments at Abu Dhabi International Airport, which will include airfield lighting system’s upgrade, additional aircraft stands and enhancements at its terminals, all geared towards delivering additional capacity and services that will elevate the passenger’s journey. This eager drive will continue as an interim expansion program until we start welcoming our travelers through the Midfield terminal.”
In January 2015, the top five routes from Abu Dhabi International Airport were Bangkok, London, Doha, Manila and Jeddah. The top five routes accounted for 16% of all traffic last month.

publié le 30 May 2015

Abu Dhabi International Airport to conduct the busiest summer schedule ever, with 271 additional weekly flights

Press release

As the holiday season is fast approaching, Abu Dhabi International Airport is getting ready for its busiest ever summer. 1,504 flights will depart from Abu Dhabi each week, 22% more than in the previous year (2014: 1,233).

New destinations available to passengers this summer include Johannesburg in South Africa, Madrid in Spain, Venice in Italy, Pune in India, Entebbe in Uganda and Edinburgh in Scotland (due to commence on 8th June) as well as direct flights to Brisbane in Australia. Etihad Airways alone has increased its weekly schedule by 68 flights, with 963 flights taking off to destinations all around the world, compared with 895 flights per week in the summer of 2014.

More aircraft will fly this summer to India, Pakistan and Bangladesh, with 49 additional flights per week to Indian destinations Pune, Mangalore, Ahmedabad, Kozhikode, Kochi, Delhi and Hyderabad, 5 additional flights per week to Pakistan, and two extra flights per week to Bangladesh. Certain other routes around the world, such as Hong Kong, Milan, Seychelles, Melbourne, Jeddah & Riyadh and Tehran, will also see increased frequencies.

Passengers travelling to, from, or via Abu Dhabi International Airport during the summer will be able to enjoy the various new facilities which have been added this year as part of its commitment to offer world class experience to its passengers. The Duty Free space in Terminal 3 has been refurbished ahead of the busy season. A new Souk area has also been opened in Terminal 3, housing local perfumes and jewelry brands. In addition, a range of new retail brands will also make their debuts at the airport, including Sephora cosmetics, Police sunglasses and Lambretta watches. A new Art Gallery has been installed in Terminal 3 near the bus gates, under the name of “The Art Hub”, displaying bespoke pieces of local art ready to buy – a unique collection that’s received social media coverage and a lot of positive feedback from Abu Dhabi Airport passengers.

In parallel, passengers will enjoy an array of promotions and competitions tailored to their likings, and will have a chance to win a Maseratti Ghibli while shopping at Abu Dhabi Duty Free. Finally, for the first time in the Middle East, there will be a Pavan Henna bar, allowing passengers to have henna professionally applied in a comfortable and convenient environment.

The Terminal 3 food court refurbishment has also been completed whereby a world class offer of International and Regional brands provides travellers with the widest choice ranging from the Montreux Jazz Café, the CNN cafe, Camden food Co, Burger King, O’Leary’s bar, Negroni, Shawarmanji and Yum Cha.

Eng. Mohamed Mubarak Al Mazrouei, Chief Executive Officer of Abu Dhabi Airports, said: “Abu Dhabi International Airport continues to push the boundaries as it gears up for another record summer. The investment we have made in increasing capacity will allow passengers to enjoy the best possible experiences, as they will be able to move more easily through the airport and spend more time enjoying the world class facilities we have on offer.

“The rise in our passenger numbers and increase of routes to, from or via Abu Dhabi is a reflection of the ongoing growth and success of our National Carrier, Etihad Airways. Abu Dhabi International Airport is truly becoming a world class transportation hub. We will continue to strive in introducing new brands, innovative promotional and marketing activities to further meet our customer’s expectations”.


About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH;

Instagram: http://instagram.com/abudhabiairports;

LinkedIn: http://linkd.in/1b0VuqK;

YouTube channel: http://youtube.com/user/AUHAirport

Facebook: http://facebook.com/

Web sites: www.adac.ae, www.adacmediacentre.com

publié le 18 December 2015

Abu Dhabi International Airport welcomes flynas

press release

Abu Dhabi, United Arab Emirates: Abu Dhabi Airports today welcomed flynas’ inaugural flight from Riyadh, marking the start of the Saudi Arabian airline’s new service, connecting the two capitals with a direct flight, five times per week.

Eng. Ahmad Al Haddabi, Chief Operations Officer of Abu Dhabi Airports, along with senior executives from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), welcomed Bander Al Mohanna, CEO of NAS Holding, and key flynas officials, onboard the inaugural flight which landed at Abu Dhabi International Airport at 12:35pm local time.

flynas will operate the new route using an Airbus A320 aircraft with the capacity to carry 164 guests in a two-class configuration – 156 in Economy and eight in Business Class. Flights operate every Sunday, Tuesday, Wednesday, Thursday and Saturday, departing Riyadh at 9:35am, arriving into Abu Dhabi International Airport at 12:35pm. The return flight takes off from the UAE capital at 2:45pm to land at King Khalid International Airport at 3:45pm local time.

Commenting on the launch of the new service, Ahmad Al Haddabi, Chief Operations Officer of Abu Dhabi Airports, said: “We are pleased to welcome flynas to the UAE capital. This new service further develops our airline portfolio while providing passengers with a world-class travel experience, whether they are traveling for business or leisure. It also successfully complements the collaborative efforts made by Abu Dhabi Airports and TCA Abu Dhabi to further strengthen Abu Dhabi’s position as one of the leading tourist destinations regionally and internationally. From providing efficient and timely ground handling processes to smooth and easy flow of passengers at the airport, we look forward to fully cooperating with flynas to ensure the success of this new service.”

Highlighting flynas’ plans to strategically expand its footprint in key markets across the region, Bander Al Mohanna, CEO of NAS Holding, said: “We are delighted to touch down in Abu Dhabi with the launch of this new five-times-per-week service that connects the two capitals while offering convenient and affordable air travel options to guests traveling in both directions. Adding Abu Dhabi to our GCC route network is an important strategic step for flynas for multiple reasons, including our codeshare agreement with Etihad Airways as well as the long-standing friendship and the strong bilateral business and economic ties shared by the two nations. Moreover, Abu Dhabi’s growing prominence as both a leading family-friendly tourism destination and a strategic business hub makes the opening of the new route a highly attractive proposition for Saudi travelers.”

Sultan Al Dhaheri, Acting Executive Director, Tourism, TCA Abu Dhabi, said: “This new service makes Abu Dhabi even more accessible for Saudi Arabian travelers to enjoy the emirate’s wide array of attractions. In September of this year we welcomed 15,256 Saudis to the emirate, a highly impressive rise of 42 per cent on the same period in 2014. This new route will see even more visitors from Saudi Arabia making the short journey and consolidate its position as one of the top ten markets for inbound tourism into Abu Dhabi.

In the first nine months of this year, Saudi guests staying in the emirate’s 163 hotels and hotel apartments have increased by 29% from the same period in 2014 to 112,294. Their average length of stay has also increased to 2.28 nights - up 7%.”

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 45 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH

Instagram: http://instagram.com/abudhabiairports

LinkedIn: https://www.linkedin.com/company/abu-dhabi-airports

YouTube channel: www.youtube.com/user/AUHAirport

Facebook: www.facebook.com/AbuDhabiAirports

Web sites: www.adac.ae, www.abudhabiairport.ae

publié le 29 October 2015

Abu Dhabi International Airport’s passenger boom continues

press release

Abu Dhabi International Airport released figures today that show its strong global appeal as a travel hub, with an impressive 18% growth in passenger traffic over the first three quarters of the year, with a total of 17,473,063 passengers.

The top ten busiest routes for the first nine months of 2015 included the U.K., U.S.A., Saudi Arabia, Australia, Qatar, Thailand and Germany. Total aircraft traffic was also up 14.3% in the first three quarters of the year, in which AUH successfully facilitated 129,703 aircraft movements.
Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports said: "2015 has been a big growth year for us. September was another very busy month and the third consecutive month in which we welcomed over two million passengers. Increased global connectivity continues to be an important contributor to our overall success, and we are seeing a dramatic boost in demand across the vast majority of destinations served from AUH."
Year-to-date growth on specific routes included a 44% increase in passengers travelling between Abu Dhabi and the U.S.A, a 27.3% surge in traffic to and from Australia, and 24.8% and 17.2% rise on flights between the U.K. and Germany respectively.
The airport moved 621,191 metric tons of cargo during the first nine months of the year, with overall cargo traffic up 7.2%.

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.
You can follow Abu Dhabi Airports on:

Twitter: https://twitter.com/AUH

Instagram: http://instagram.com/abudhabiairports

LinkedIn: https://www.linkedin.com/company/abu-dhabi-airports

YouTube channel: www.youtube.com/user/AUHAirport

Facebook: www.facebook.com/AbuDhabiAirports

publié le 12 May 2015

Abu Dhabi Midfield Terminal to be Equipped by SITA with Next Generation Technology Systems

Abu Dhabi Airports recently announced a five-year partnership with SITA, the world’s leading specialist in air transport communications and IT solutions, to provide the new Midfield Terminal with state-of-the-art IT infrastructure throughout the project.

SITA will provide integrated end-to-end passenger and airport management solutions including its next generation airport management system and common-use passenger processing platform. Passengers will benefit from automated boarding gates, innovative flight information display systems and world class baggage management services.

Eng. Mohamed Mubarak Al Mazrouei, Chief Executive Officer of Abu Dhabi Airports, said: “We are building the Midfield Terminal to exceed global standards for connectivity and high-tech integration. We will ensure that the very latest in every system is installed. From baggage tracking and handling to flight display systems, passengers will benefit from a highly sophisticated IT support system to ease and speed their journey through the airport.”

Hani El-Assaad, President, Middle East, India and Africa, SITA, said: “In today’s complex airport environment, it’s important to have integrated solutions that help enhance collaboration among all stakeholders. We look forward to working with the airport and its partners to deploy a connected infrastructure platform that will help streamline operations, make the airport more efficient, and create a seamless passenger experience.

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive business aviation airport), as well as Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travelers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

publié le 20 November 2010

Abu Dhabi Ports Company unveils the 417 sq km Khalifa Industrial Zone (Kizad)

[#In the presence of HH Sheikh Hamed bin Zayed bin Sultan Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, Abu Dhabi Ports Company (ADPC) unveiled the Khalifa Industrial Zone Abu Dhabi (Kizad), at the Emirates Palace. Excellencies from Abu Dhabi and distinguished guests from across the region and the world were also in attendance.#]

[#Kizad, a 417 sq km industrial zone strategically located between Abu Dhabi and Dubai, is now ready to receive applications from potential tenants. With one of the world’s most advanced deepwater seaports and world-class infrastructure including Union Rail’s network, Kizad will benefit from excellent multimodal connectivity via sea, air, road and rail networks to ensure easy accessibility to and from the Industrial Zone. Phase 1, which was launched yesterday, is 51 sq km with an investment of AED 26.5 billion or $7.2 billion.

Earlier in the day, a press conference was held at the Emirates Palace hosted by Dr. Sultan Al Jaber, Chairman of ADPC, Tony Douglas, CEO ADPC and Khaled Salmeen, Executive Vice President, Industrial Zones, ADPC to mark the launch of Kizad, the largest industrial zone in the region and to explain the key benefits of the project and its importance to the Abu Dhabi Economic Vision 2030.

Commenting on this occasion, Tony Douglas, Chief Executive Officer of Abu Dhabi Ports Company, said: “Today is a very special day for ADPC as we announce the launch of this project. It is a remarkable, world scale and world class with great significance for Abu Dhabi, the UAE and the region as a whole. In essence, it is an industrial zone that offers global industry a bright future and will generate skilled jobs long term for the emirate’s population”

Kizad is a cornerstone of the Abu Dhabi Economic Vision 2030 which also highlights the drive to diversification of the economy in pursuit of sustainable growth less dependent on the oil and gas industries. Its purpose is, in part, to create the range and number of opportunities necessary to recruit, retain and develop local and skilled expatriate talent to build a sustainable knowledge economy whilst reducing reliance on unskilled labour.

Mr. Khaled Salmeen, Executive Vice President, Industrial Zones at ADPC said: “Kizad is the future of Abu Dhabi, not only in terms of potential, but also in terms of diversifying the economy through essential industry. What we look to offer is the ability for businesses to come to Abu Dhabi and thrive through efficient access to markets, lower operating costs and a greater ease of doing business. These three critical success factors for global industry are key ingredients and will all feature over the long term.”

By 2030, Kizad will be expected to contribute around 15% of Abu Dhabi’s non-oil GDP. It will be a powerful magnet for foreign direct investment, with global business locating large-scale primary and downstream manufacturing facilities in the Industrial Zone. It is anticipated that between 60% and 80% of the goods manufactured within Kizad will be exported, adding further value to the nation’s economy.

Kizad’s strategy is to attract world-class companies, and to establish international industry best practices throughout the Zone. Global and local companies alike will find in Kizad the business efficiencies, market access, low cost operating environment and support essential for long term competitive advantage. Kizad will set new standards for industrial zone infrastructure, environment and operation, reinforcing Abu Dhabi’s global competitive advantage.#]

publié le 21 March 2015

Abu Dhabi Ports forecasts 17% growth of general cargo

Press release

Following a record year in 2014, Abu Dhabi Ports is forecasting 17% growth across all general cargo activities in 2015.

“As many development projects in Abu Dhabi are underway, we look ahead to a promising 2015 with healthy growth figures that not only confirm the Emirate’s booming economy but Abu Dhabi Port’s supporting role as an important enabler for development and trade.

“We will continue to develop our cutting edge infrastructure and service offerings across all of our ports, to establish Abu Dhabi as a first-class international maritime hub,” says Capt. Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports.

Most recently, Abu Dhabi Ports took part in “The Cargo Show”, the biggest logistics and transport infrastructure exhibition in the Middle East and North Africa (MENA) region, which was held in Dubai. The company met with cargo owners and movers to discuss how to further improve efficiency in the movement of cargo across sea, road, air and rail, and how to meet their logistics needs in the best way possible.

Abu Dhabi Ports, which was the supporting government partner at the event and took the opportunity to showcase its state-of-the-art flagship Khalifa Port and the adjacent trade and logistics hub Kizad at its multimedia exhibition stand.

Abu Dhabi Ports is a major enabler of development and trade in Abu Dhabi, supporting import and export activities, attracting a growing number of customers who make use of the numerous business advantages offered by the Emirate’s ports. These range from outstanding market access and excellent intermodal transportation networks to world-class infrastructure and services.

In 2014, Abu Dhabi Ports celebrated a record year for cargo. The Khalifa Port Container Terminal, which is managed and operated by Abu Dhabi Terminals (ADT), saw a record throughput of more than 1 million TEUs in one year (1,137,679 TEU), which marked an increase of 26%, while the bulk and general cargo volumes grew by 37% compared to the 2013 figures.

publié le 21 February 2008

Abu Dhabi Securities Market: Trading on the rise

Abu Dhabi Securities Market (ADSM)Abu Dhabi Securities Market (ADSM) posted an impressive rise in institutional investment, particularly foreign participation, whose net investment amounted to AED 9.9 billion in 2007 compared to AED one billion in 2006, showed an overview of the market activities released by ADSM.

The report also showed that the value of trading increased by 148.4% from AED 70,6 billion in 2006 to AED 175,3 billion in 2007. The daily average value of trading went up by 177.8% from AED 250.4 million to AED 695.8 million per day. The number of traded shares increased 361% from 11.3 billion shares to 52.1 billion shares. The daily average traded shares also rose more than 415% from 40.1 million shares to 206.6 million traded shares per day, WAM reported.

publié le 11 July 2010

Abu Dhabi: SIAL Middle East 22-24 November 2010

[#SIAL – a global business platform for all those involved in the food industry – retail, trade, manufacturing, catering, services and more.
A place where business and innovation meet.SIAL Middle East, the new addition to the SIAL Group is set to become your must attend event in the region.#]

[#Brought to you by the industries leading exhibition organisers in the world combined with the invaluable expertise and market knowledge of the organising team.

The trade only exhibition will take place in Abu Dhabi, UAE, which is now regarded as the richest city in the world.

- * Middle East, despite economic downturn, remains a booming business & tourism destination – (passenger traffic grew by 18.1% in 2007, continue to grow at 7.1% up to 2015)
- * Middle East still holds its place as the fastest growing economy in the world
- * Middle East foodservice market now valued at $35billion
- * Over 600,000 new hotel rooms set to be available in MENA region from 2010 onwards
- * UAE ranks 4th in global retail index
- * Saudi Arabia – a $7 billion import market for food and agricultural products alone
- * Potential for agricultural production is limited – food imports will grow with the population throughout the GCC
- * Region is home to over 2billion consumers

The growing demands from the industry for professional B2B meeting points in the region, resulted in a launch of SIAL in the Middle East.

Focused on bringing together high profile buyers with manufacturers and serviceproviders from around the world, SIAL Middle East is set to become your must attend event in the region.#]


SIAL Midlle EAST

publié le 15 February 2014

Abu Dhabi: sponsors line-up for Air Expo 2014

press release

Al Bateen Executive Airport, the dedicated business aviation airport of Abu Dhabi Airports, today revealed the names of the prestigious sponsors for Abu Dhabi Air Expo 2014.

The show, which will be held from Tuesday 25th to Thursday 27th February 2014, has cemented its position as a dedicated business platform for the aviation industry, bringing leading industry players and decision makers together under one roof.

Driven by its commitment to support events that play an important role in developing innovation-led, knowledge based economic sectors, Abu Dhabi National Oil Company (ADNOC) has signed up as Platinum sponsor for the third consecutive year.

The Department of Transport (DoT) reinforced its participation as official sponsor for the second time. DoT will provide high-quality shuttle services for guests attending the show.

Abu Dhabi Aviation, the largest commercial helicopter operator in the Middle East, has also confirmed its participation and support for the show as Diamond sponsor. The company is currently operating 61 helicopters, which include 15 Augusta Westland AW139s, 23 Bell 412s, 19 Bell 212s and 4 Bell 206s, as well as 3 fixed-wing aircraft (DHC-8), that mainly serve offshore oil, engineering and construction industries in the UAE and GCC region.

Rotana Jet will sponsor lanyards that will be handed to the visitors attending the show.

This year, the show is set to welcome over 17,000 visitors with an exhibitor line-up of 170 suppliers showcasing the latest innovations and development in the aviation sector, relating to non-commercial aircrafts, jets, helicopters, equipment, manufacturers, services, pilot training schools, accessories, avionics, insurance and financing.

Over 100 aircraft representing a range of models from ultra-light to heavy business jets, including the VIP AirBus corporate jet and the TBM 850, will be on hand to be explored by aircraft enthusiasts and businesses searching for the best aircraft and aviation-related services.

For more information, please visit www.adairexpo.com or www.adac.ae or follow us on Twitter: @AUH.

You can also follow Abu Dhabi Airports on Instagram: @abudhabiairports; Linkedin: http://linkd.in/1b0VuqK; or, subscribe to our YouTube channel: http://youtube.com/user/AUHAirport.

About Al Bateen Executive Airport

Al Bateen Executive Airport is a dedicated business jet airport, the first of its kind in the Middle East and North Africa (MENA) region; conveniently located only a five kilometres from the central business district of Abu Dhabi, the UAE capital. The downtown location of Al Bateen Executive Airport makes it ideal for users of business jets, whose time is valuable and who have a high-regard for the convenience that personalised jet travel can bring.
Benefits
• Only dedicated private aviation airport in the region
• Fast & efficient turnarounds
• Ideal location in the city centre close to central business district
• Over 90 parking/maintenance spaces in hangars for different aircraft sizes + 20 apron parking stands
• Business Campus – full business traveller facilities and stand-alone offices
• One-stop-shop Business Jet Specialists
o Fuel, handling, and other FBO services
o Air Taxis
o Vendor/Original equipment manufacturer (OEM) access
o Related aviation business access
o Aviation education and training

About Abu Dhabi Airports

Abu Dhabi Airports is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate’s aviation infrastructure. In September 2006, Abu Dhabi Airports assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, Abu Dhabi Airports added Al Bateen Executive Airport (an exclusive private aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year.

publié le 28 May 2012

Accor focuses on Saudi Arabia as key expansion market

[# Accor Middle East, one of the leading hospitality operators in the region, is strengthening its presence in the Kingdom of Saudi Arabia (KSA).#]

[#Hot on the heels of the signing agreement with Munshaat Real Estate Projects Company to launch the 1315-room Zamzam Pullman Makkah, formerly Zamzam Grand, at the recent Arabian Travel Market (ATM) held from 30 April to 3 May, the Group has announced that it has also signed a management contract to develop a midscale hotel in Jizan.

Christophe Landais, Managing Director Accor Middle East, said: “The Kingdom constitutes a strategic base for Accor to develop its world-class brands. The tourism industry in KSA rapidly expands and our development plans reflect the growing demand for high quality hotels in this market.”

Accor currently operates 12 hotels in KSA representing 3,346 rooms in 6 different cities under the brands Sofitel, Pullman, Novotel and Mercure. Some of the flagship properties can be seen for example in Riyadh with Novotel Al Anoud or in Al Khobar with Sofitel the Corniche.

Both Zamzam Pullman Makkah and the 253-room Pullman Al Hamra, formerly Sofitel Al Hamra in Jeddah, will undergo an extensive renovation to truly portray the core characteristics and values of the Pullman brand. The renovation will start with the public areas and restaurants in late 2012 and will continue with the full refurbishment of the suites and rooms.

The upscale Accor Pullman brand was globally launched in late 2007, and the first Pullman in the region successfully opened in October 2010 in Dubai with the 481-room Pullman Mall of the Emirates.

"We have two Pullman properties under development in the UAE and Qatar and we are currently in discussion for potential Pullman developments in the Kingdom with the upscale Pullman product offering meeting both investors’ and end users’ requirements,” added Landais.

Accor, as the pioneer in the economy hotel segment with its ibis brand, has an objective to operate a network of 15 to 20 ibis hotels in the Kingdom. Strengthening its leadership position, it will be the first international operator to introduce an internationally recognised economy brand in the Kingdom. It will debut its 176-room ibis hotel in Riyadh in December 2012 and its 196-room ibis Yanbu in 2013.

In addition, 3 hotels are currently under construction or at design phase and will bring the KSA network to a total of 17 hotels at horizon 2015: Ibis Jeddah Malik Road by 2014, Adagio Jeddah Malik Road by 2014 and Novotel Jizan by 2015.

Accor will also focus on the Holy Cities of Makkah and Madinah where religious tourism is growing. Makkah will welcome over 10 million pilgrims per year and this number is expected to rise significantly in the upcoming years, due to the improvement of local infrastructures such as Jeddah Airport’s renovation which will have a capacity to service 30 million passengers per year upon completion.

As one of the resource speakers at two panel sessions during the Kingdom Hotel Expansion Summit 2012 (KHES 2012), at the ‘Loyalty programmes: Valuable USP or a costly must-have’ session and at the ‘Future of human resources in the hospitality sector’ session, Landais will provide interesting insights on how to attract and retain members through its innovative loyalty programme Le Club Accorhotels, as well as his thoughts on training and preparing the Saudi youth for a career in hospitality and an update on Accor’s Saudisation plan in the Kingdom.

Louis Durand, development manager at Accor ME, is also part of the panel session ‘The budget and mid-market brand explosion in the Kingdom’ while Bassem Salem, regional director of revenue management at Accor ME, speaks at the ‘How to get revenue right’ session.

About Accor ME
Accor ME is one of the fastest growing hospitality groups in the Middle East. Currently, the Group’s regional portfolio includes a total of 57 operational hotels representing 13,672 rooms in ten countries. Among the existing global brands ranging from Sofitel, Novotel, Mercure and ibis, new brands such as Pullman and Adagio are emerging as strong players in the region.

With over 25 years of regional experience, Accor ME is the first to establish a training academy. Dubbed as Tamheed – Accor Academie Middle East, the training facility is dedicated to educate and prepare staff at all levels and ensure optimal career development.

About Accor

Accor, the world’s leading hotel operator and market leader in Europe, is present in 92 countries with more than 4,400 hotels and 530,000 rooms. Accor’s broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons/ibis Styles, Etap Hotel/Formule 1/ibis budget, hotelF1 and Motel 6 - provide an extensive offer from luxury to budget. With more than 180,000 employees* in Accor brand hotels worldwide, the Group offers to its clients and partners nearly 45 years of know-how and expertise.#]

publié le 13 March 2010

Accor Hospitality steps up expansion in Turkey

The beginning of 2010 featured the opening of a Novotel and an ibis in Gaziantep,and a Novotel and an ibis in Kayseri.

Accor Hospitality, which already has 4 hotels in Turkey (Novotel Istanbul, Novotel Trabzon, ibis
Istanbul, ibis Eskisehir) continues to expand there through its Novotel and ibis brands in
partnership with AKFEN, the firm that constructs and owns the buildings.
Gaziantep and Kayseri are both crossroads of significant economic and industrial activity in Turkey
and are appropriate locations for hotel expansion.
„Kayseri is both a business and a leisure destination (close to Cappadocia) and Gaziantep, which
is Turkey’s cotton capital, has become the country’s port of entry by road from the Middle East ever
since the frontier with Syria was reopened”, explains Bruno Coudry, Managing Director of Accor
Hospitality Central and Eastern Europe.
Novotel, Accor’s midscale brand, is designed to cater for both business and leisure travellers. ibis,
Europe’s economy hotel leader, offers its business and leisure customers the best value for money
in its market sector. The international reputation and acknowledged know-how of both brands
makes them the best suited in the group’s portfolio to fulfil its current ambitions in Turkey.
The Novotel Gaziantep (92 rooms) and the Novotel Kayseri (96 rooms) offer the brand’s latest
innovations.
They cater for both leisure and business travellers with numerous services:
- Meeting@Novotel offers spacious conference rooms and free Internet connection for
business customers.
- The outdoor pool (at the Novotel Gaziantep) and the fitness room provide a perfect setting
for relaxation
- Web corner on a Mac offers free Internet access in the lobby
Families can benefit all year round from free accommodation and breakfast for two children under
16 sharing a room with their parents as well as late check-out on Sundays so they can make the
most of their week-end stay.
The ibis Gaziantep (177 rooms) and the ibis Kayseri (160 rooms) offer business and leisure
customers the best value for money in their market sector. ibis is the European leader in economy
hotels and its brand’s standards guarantee customers:
- A location close to airports, stations, business centres and the main tourist sites;
- A modern and fully-equipped room;
- 24/7 services;
- 24/7 bar and hot and cold snack services;
- Wifi internet connection in common areas;
- Breakfast from 4am to 12pm;
- And of course the “15 minute Satisfaction Guarantee”.
The "15-minute Satisfaction Guarantee" is a unique example of how demanding the ibis approach
is. If a guest pinpoints a problem that falls under the hotel’s responsibility, the hotel team gives
itself 15 minutes to find a solution, and this applies 24 hours a day, seven days a week.
Accor Hospitality’s next scheme in Turkey is a new ibis in Bursa due to open in 2011.


Accor, a major global group and the European leader in hotels, as well as the global leader in services to corporate
clients and public institutions, operates in nearly 100 countries with 150,000 employees. It offers to its clients over 40
years of expertise in two core businesses:
- Hotels, with the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel, Adagio, ibis, all seasons, Etap Hotel,
Formule 1, hotelF1 and Motel 6 brands, representing 4,100 hotels and nearly 500,000 rooms in 90 countries, as well as
strategically related activities, Thalassa Sea & Spa, Lenôtre, CWL.
- Services, with 33 million people in 40 countries benefiting from Accor Services products in employee and constituent
benefits, rewards and incentives, and expense management.

accor.com

publié le 13 October 2010

Accor Middle East bolsters its ibis network with appointments of New GMs

Press release

Accor ME boosts the regional network of its leading economy hotel brand ibis, with the appointment of new GMs in Kuwait and Jordan: Bruno Debray as the General Manager Delegate of two ibis Hotels in Kuwait - ibis Salmiya (175 rooms) opened since March 2008 and the soon-to-open ibis Sharq (160 rooms); Nusrat as the Hotel Manager for ibis Sharq; and Yasser Bahaa as General Manager of ibis Amman (158 rooms).

[#Bruno Debray, a French national with 12 years of experience in the Middle East alone, is a seasoned hotelier. Prior to joining ibis Kuwait, he led the successful opening of Novotel & ibis Deira City Center in Dubai. He also managed Mercure Grand Jebel Hafeet Al Ain. Bruno has been with the Accor GroupAccor GroupLoading... for 8 years.

Nusrat will be supporting Bruno as the Hotel Manager for ibis Sharq. He was Assistant GM at ibis Salmiya before being promoted to his current post.

Yasser Bahaa, a 44-year old Egyptian national, will lead AccorAccorLoading...’s first ibis hotel in Jordan, ibis Amman. He was General Manager of Mercure Umm Al Qura in KSA and has been with the Accor GroupAccor GroupLoading... for 14 years. Yasser has a keen understanding of the hotel business developed through several successful international postings.

Bruno, Nusrat and Yasser, together with their team, will continue to develop and promote the ibis brand in these two key markets.

- Ends-

Accor MEA is one of the fastest growing hospitality groups in the Middle East. Currently, the company’s regional portfolio includes a total of 35 operational hotels in nine countries. Among the existing global brands ranging from Sofitel, Novotel, Mercure and ibis, new brands such as Pullman and Adagio are emerging as strong players in the region.

With over 25 years of regional experience, Accor MEAccor MELoading... is the first to establish a training academy. Dubbed as Tamheed - AccorAccorLoading... Academie Middle East, the training facility is dedicated to educate and prepare staff at all levels and ensure optimal career development.

About AccorAccorLoading...:
AccorAccorLoading..., the world’s leading hotel operator and market leader in Europe, is present in 90 countries with 4,100 hotels and close to 500,000 rooms.

AccorAccorLoading...’s broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons, Etap Hotel, Formule 1, hotelF1 and Motel 6, and its related activities, Thalassa sea & spa and Lenôtre - provide an extensive offer from luxury to budget. With 145,000 employees worldwide, the Group offers to its clients and partners nearly 45 years of know-how and expertise.#]

LOCAL PRESS CONTACT :
Ferial Kurimbux
ACCOR Middle East
Email: ferial.KURIMBUX@accor.com
Tel. No. +971 4 377 2501
Fax No. +971 4 395 1152

publié le 10 May 2016

ADELAIDE WELCOMES FIRST QATAR AIRWAYS FLIGHT FROM DOHA

press release

The city of Adelaide today welcomed the first Qatar Airways flight to arrive at its international airport from Doha, Qatar. The inaugural flight was greeted by a delegation of VIPs including South Australia’s Minister for Tourism, Hon. Leon Bignell; Adelaide Airport Managing Director, Mr. Mark Young; the Governor of South Australia, His Excellency the Hon. Hieu Van Le AO; and Chief Executive Officer of South Australian Tourism Commission, Mr. Rodney Harrex.

Adelaide is the fourth city in Australia to be served by Qatar Airways, which has been flying to Melbourne since 2009, to Perth since 2012 and to Sydney since March this year. The new route is expected to generate an estimated 228 jobs across the state and contribute more than AU$41 million to the local visitor economy.

The award-winning airline is the first to fly the new-generation Airbus A350 to Australia, connecting Australian passengers to more than 150 destinations on its route map on board one of the youngest and most modern aircraft in the skies.

The A350 was built first and foremost to provide the ultimate passenger experience with wider seats in both Business and Economy Class, the lowest twin engine noise level of any aircraft in its class, advanced air conditioning technology and full LED lighting, all working together to enhance the comfort of passengers while reducing fatigue after a long-haul flight.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, who was on board the inaugural flight, said: “We are proud to be the first airline to fly the Airbus A350, for which we were the global launch customer, to Australia. Adelaide is an important addition to our route map giving Qatar Airways its fourth gateway into Australia, and we are pleased to offer the people of South Australia the most modern aircraft in the industry to connect them with 38 countries in Europe, 21 destinations in Africa and 27 destinations in the Middle East.”

Australia recieve’s the first A350 at Adelaide Airport
Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker (front) welcomes the VIP delegation to the flight deck of Australia’s first A350 aircraft. The Governor of South Australia, His Excellency the Hon. Hieu Van Le AO, South Australia Minister for Tourism, Hon. Leon Bignell and Adelaide Airport Managing Director, Mr. Mark Young greet the flight (left to right).

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker (front) welcomes the VIP delegation to the flight deck of Australia’s first A350 aircraft. The Governor of South Australia, His Excellency the Hon. Hieu Van Le AO, South Australia Minister for Tourism, Hon. Leon Bignell and Adelaide Airport Managing Director, Mr. Mark Young greet the flight (left to right).
The first of Qatar Airways’ daily A350 flights to and from Adelaide was celebrated with a traditional water cannon salute at Adelaide Airport

The first of Qatar Airways’ daily A350 flights to and from Adelaide was celebrated with a traditional water cannon salute at Adelaide Airport

South Australia’s Minister for Tourism Mr. Leon Bignell said international visitors were critical to South Australia’s economic growth and the addition of direct daily flights from Doha to Adelaide was another global vote of confidence in the state.

“Qatar Airways was named ‘2015 Best Airline in the World’ and these direct daily flights will bring in more than AU$41 million into our visitor economy and create 228 jobs across the state,” Mr. Bignell said.

Adelaide Airport Managing Director, Mr. Mark Young said the inaugural arrival was excellent news for both the local tourism industry and South Australians travelling abroad. “The Qatar Airways Doha-Adelaide service opens up a brand new link with the Middle East, and provides excellent connections further afield such as with Europe and the UK.

“We’re excited to be the first airport in Australia to welcome the new-generation Airbus A350-900 aircraft – one of the most technologically advanced twin-engine aircraft in the world.”

The new service to Adelaide will also provide 80 tonnes of cargo capacity per week in and out of the South Australia hub in the belly hold of the A350, connecting Australia’s leading exporters to Qatar Airways Cargo’s global network of more than 150 stations around the world. Qatar Airways Cargo, the third largest international cargo carrier, already carries more than 450 tonnes of freight in the belly hold of its Boeing 777 passenger aircraft into and out of Sydney, Perth and Melbourne per week.

Passengers travelling to or from Adelaide on board the Qatar Airways Airbus A350 in one of its 36 Business Class seats will enjoy one of the most comfortable fully-flat beds in the sky with 80 inches of seat pitch. The 1-2-1 configuration gives every passenger direct access to an aisle and the on-demand à la carte menu service allows Business Class passengers to order anything from the menu at any time during the flight. The aircraft also features the state-of the-art Oryx One entertainment system, with more than 3,000 entertainment options on individual screens in all classes.

With an average connection time of just 90 minutes via the airline’s hub at Hamad International Airport (HIA), passengers travelling from Adelaide can expect a smooth and seamless journey to their final destination via Doha. The contemporary and luxurious airport, which opened in 2014, has more than 40,000 square metres of retail space and restaurants including more than 70 retail and 30 food and beverage outlets, as well as a 25-metre swimming pool, gym, hotel and spa.

Daily Flight Schedule:

DOH-ADL QR914 Departs: 2130 Arrives: 1700+1
ADL-DOH QR915 Departs: 2125 Arrives: 0450+1

Notes to Editors:

For images please visit: https://www.flickr.com/photos/qatarairways/albums/72157667711051461

About Qatar Airways:

Qatar Airways, the national carrier of the State of Qatar, is one of the fastest growing airlines operating one of the youngest fleets in the world. Now in its 19th year of operations, Qatar Airways has a modern fleet of 184 aircraft flying to more than 150 key business and leisure destinations across six continents.

Qatar Airways won Airline of the Year, Best Business Class Airline Seat and Best Airline in the Middle East at the 2015 Skytrax Awards. This is the third time the airline won the accolade of Airline of the Year.

Qatar Airways is a member of the oneworld global alliance. The award-winning alliance was named the World’s Best Airline Alliance 2015 by Skytrax for the third year running. Qatar Airways was the first Gulf carrier to join global airline alliance, oneworld, enabling its passengers to benefit from more than 1,000 airports in more than 150 countries, with 14,250 daily departures.

Qatar Airways launched Oryx One in 2015, an enhanced interface for its inflight entertainment system, increasing the number of movies and TV shows on board from 950 to up to 3,000. Passengers flying on Qatar Airways flights served by its B787, A350, A380, A319 as well as select A320 and A330 aircraft can also stay in touch with their friends and family around the world by using the five-star airline’s on-board Wifi and GSM service.

Qatar Airways Cargo, the world’s third largest cargo carrier, serves more than 50 exclusive freighter destinations worldwide via its Doha hub and also delivers freight to more than 150 key business and leisure destinations globally on 184 aircraft. The Qatar Airways Cargo fleet now includes eight Airbus A330Fs, nine Boeing 777 freighters and two Boeing 747 freighters.

For more information, visit our homepage www.qatarairways.com or our sites on Facebook, Twitter, Google+, Instagram, and YouTube.

For Qatar Airways corporate images, please click here: http://www.qatarairways.com/corporateimages

publié le 15 February 2010

Air Liquide reports 2009 consolidated revenue and results.

[#Air Liquide, the world leader in gases for industry, health and the environment reports 2009 consolidated revenue and results#].

Benoît Potier, Chairman and CEO, Pierre Dufour, Senior Executive Vice-President, Jean-Pierre Duprieu, Senior Vice-President, Fabienne Lecorvaisier, Group Vice-President, Finance and Operations Control will comment this publication.

A live conference call in English and in French (via simultaneous translation) will take place in the Group website, 10.30am (Paris time, France). The presentation in English will be simultaneously translated in French.

A delayed audio recording of the conference will be available on the Group website in afternoon on 15 February.

Video Q&A: Benoît Potier, Chairman and CEO of Air Liquide Group, comments on 2009 results and outlook.

www.airliquide.com

publié le 28 January 2011

Air Liquide : acquisition of a major homecare provider

[#Ageing population and the rise of chronic diseases, both major public health challenges, lead to the development of homecare. The market for home respiratory assistance in Europe alone amounts to over €2 billion.#]

[#Air Liquide, the European homecare leader, announces the acquisition in France of ADEP Assistance, a specialist in home respiratory healthcare.
Created more than forty years ago within the French Association for polio sufferers and the disabled (ADEP), ADEP Assistance today takes care of nearly 13,000 chronic patients in the regions of Ile de France and Picardie, with a highlyqualified multidisciplinary team of 140 employees. It reached a turnover of €21 million in 2009.

ADEP Assistance is recognised for the quality of its services in home respiratory assistance, in particular invasive and non invasive ventilation, and for its expertise in paediatrics and the treatment at some of patients with severely disabling diseases requiring sophisticated equipment (for example neuromuscular diseases). It
is a pioneer in the care of tracheotomised and ventilated patients.
Annie Leroy, General Manager of ADEP Assistance, said: "We are delighted to join a leader with whom we share the same values, and above all, the desire to position the patient and the healthcare professionals at the heart of our preoccupations."
Pascal Vinet, Vice-President, Healthcare World Business Line and Healthcare

A ir Liquide’ s
Health care Business

Air Liquide’s Healthcare World Business
Line serves over 6,000 hospitals and
600,000 patients throughout the world.
It provides gases, hygiene products and
medical equipment to its hospital
customers and homecare to patients in
cities.
The Group’s Healthcare business made
€1,824 million in revenues in 2009, 64%
outside France with 8,000 employees.

Homecare

Air Liquide, which ranks 1st in Europe and
3rd in the world for homecare, provides
prescription care for patients diagnosed
with chronic illnesses such as COPD
(chronic obstructive pulmonary disease),
sleep apnea and diabetes. These
homecare treatments are being developed
in addition to hospital care, enabling
patients to enjoy better quality of life and
local authorities to reduce costs.
Homecare represents 42% of
Air Liquide’s total 2009 Healthcare
revenue.

Operations for the Air Liquide Group, declared: "Our business of home
healthcare provider in France is strengthened by this acquisition which
complements our service offering. This reinforces our leading position in
homecare in Europe. ADEP Assistance will now be able to rely on the
resources of the Healthcare operations of the Air Liquide Group to
continue its development at the service of patients. We are delighted to
welcome these new employees into the Group. Health is one of the
Air Liquide growth drivers."#]

publié le 30 July 2009

Air Liquide is pursuing its development in the Middle-East

[#The Middle East economies continue to grow, generating many different needs for
industrial gases. Following the acquisition of the Al Khafrah Industrial Gases
Company in Saudi Arabia announced on last July 08th, Air Liquide is pursuing its
development in the Middle-East.#]

[#In Oman, the local subsidiary “Air Liquide Sohar Industrial Gases” has
commissioned a new nitrogen unit to serve the needs of the ORPC Refinery in
Muscat, based on a long-term supply agreement. This third facility in the country will
supplement the two units commissioned in 2006 and 2008 in the Industrial Park of
Sohar.
In Egypt, Air Liquide is starting up a new oxygen unit in Alexandria to supply the
steel mill of EZZ, one of the region’s largest steel producers. This Air Separation Unit
will supplement the two existing units already in operation, bringing total installed
capacity to 700 tonnes of oxygen per day. This investment is also based on a
long-term supply agreement.

JPEG - 11.9 kb
Air Liquide in the Middle East

To supply its growing needs in Industrial Merchant in Egypt, Air Liquide has just
commissioned an Air Separation Unit near Cairo with a production capacity of
140 tonnes per day of liquid oxygen and nitrogen. An additional argon
production facility with a capacity of 12 tonnes per day will also be commissioned
in Alexandria to supply the welding gases and argon mixture industry in Egypt and in
its neighbouring countries.
The total investment for these new units and the recent acquisitions of Al
Khafrah and Pure Helium amounted to US$150 million, which will contribute to
growth in 2009. Air Liquide is the leading global player in the Middle Eastern
industrial gases market.
Pierre Dufour, Senior Executive Vice-President of the Air Liquide Group, responsible
for the Middle East region, said: “With these new units in Oman and Egypt,
Air Liquide is positioned to meet the growing needs of its long-term customers
and support their geographic expansion. These latest commissionings
represent a further step in Air Liquide’s presence in this growth region.”#]

Air Liquide is present in Egypt, Lebanon,
Kuwait, Oman, Qatar, Saudi Arabia,
Syria and the United Arab Emirates,
where the Group has established its
headquarters for Middle East region.
With 450 employees in the Middle East,
Air Liquide invested US$300 million over
the 2002-2007 period and has an
investment program of another
US$1 billion in the Arabic Gulf region
over the next five years.

www.airliquide.com

Contacts :


Corporate Communications
Corinne Estrade-Bordry
+ 33 (0)1 40 62 51 31
Garance Bertrand
+ 33 (0)1 40 62 59 62
Investor Relations
Virginia Jeanson
+33 (0)1 40 62 57 37
Annie Fournier
+33 (0)1 40 62 57 18

publié le 13 September 2010

Air Liquide Saudi Arabia: Group’s largest industrial investment ever

[#Saudi Aramco has announced its decision to construct a grassroots refinery in Yanbu’ Industrial City, on theWest coast of the Kingdom of Saudi Arabia. Yanbu’ is one of the three main industrial areas of Saudi Arabia and already hosts many oil processing, petrochemical and other industrial plants. The newly incorporated Red Sea Refining Company will process 400,000 barrels of heavy crude per day when it is completed in 2014.#]

[#
SaudiAramco and Air Liquide Arabia announced today that they had signed a long term hydrogen supply agreement for this new refinery.

Under the terms of this hydrogen supply agreement, Air Liquide Arabia will invest 450 million US dollars (more than €350 million) in two global-scale hydrogen production units with total production capacity of 300,000 Nm3 per hour (262 million standard cubic feet per day). This will be Air Liquide’s largest single industrial investment and itsmost significant “over the fence” hydrogen contract ever. This new complex will be designed and built by Lurgi, a division of Air Liquide Engineering. The project will be commissioned in 2014.

Pierre Dufour, Senior Executive Vice-President of the Air Liquide Group supervising
the Middle East Zone, said: “With this new global scale project in Saudi Arabia,
Air Liquide demonstrates its capacity to meet the growing needs of its longterm
customers, particularly in the main industrial hubs. The outsourcing of
the hydrogen needs of such a big refinery is a first in the Middle East and
representative of a long termtrend in this zone.
This project also reinforces our strategic and growing presence in the Middle
East, where we continue to develop our industrial gas infrastructure in
support of the evolving energy sector, a growth driver forAir Liquide.”#]

publié le 13 December 2010

Air Liquide: New 2015 Objectives

2011- 2015 Objectives

  • Grow sales by + 8% to +10% on average per year
  • Continue to generate operational efficiencies of over 200 M€ per year
  • Improve ROCE to 12 to 13% in the period
  • Further engage in Responsibility

[#Air Liquide announces its new 2015 objectives, at its Investor Day taking place today, December 13, in Paris.
The economic context of 2009 and 2010 was exceptional. Air Liquide has therefore decided to reassess its markets
given the changes they have undergone, to identify potential opportunities in its different sectors and geographies,
and to update its 2015 objectives accordingly.
#]

[#
Market momentum is still supported by long term trends such as outsourcing of gas needs, globalization and
sophistication of markets, ever-growing demand for energy and technology, increasing demand for health and well
being, and also for environmental protection. Based on present trends, the market for industrial gases is expected to
grow in the range of +7% to +8% on average per year over the period.
In this context, for the period 2011 to 2015, Air Liquide targets an average annual growth in revenue of +8% to
+10%, assuming a normal environment. In addition, the Group will continue to generate operational efficiencies,
targeting over € 200 million per year, while improving the Return on Capital Employed (ROCE) to reach 12% to
13% in the period. Finally, Air Liquide will further engage in Responsibility objectives, as part of the Group
strategy.

Benoît Potier, Chairman and CEO of the Air Liquide Group, stated:

« Our ambition is to be the leader of our industry through performance and responsibility over the
long term. Since our origin, performance and responsibility are part of our genes, and are naturally
at the heart of our company program ALMA 2015.
This new program, combined with a €12 billion investment plan over the period, will allow us to
reach our objectives and achieve our ambition.
Air Liquide’s development potential is founded on the commitment of its teams, its capacity to
combine an extensive footprint in growing markets and constant innovation to capture market share,
both in Developing and in Advanced economies.
Our five growth drivers - Energy, the Environment, Developing Economies, Health and High-Tech -
are confirmed. They are all borne out of deep underlying trends in society today. That is why we are
confident in Air Liquide’s ability to achieve steady growth in net profit over the long-term. »
#]

publié le 9 December 2010

Airbus A318 Elite & ACJ to lead the field at MEBA

[#Two top-of-the-line Airbus corporate jets will be exhibited at the Middle East and Business Aviation (MEBA) show in Dubai in December, highlighting their success in the region.#]

[#They comprise an A318 Elite operated by Al Jaber Aviation (AJA) of Abu Dhabi and an Airbus Corporate Jet (ACJ) based in Bahrain and operated by Comlux. Both aircraft are available for VVIP charter.

AJA began offering its Airbus A318 Elite for VVIP charter flights earlier this year, and is the first Airbus customer from the region to offer this service. It is also the largest Airbus customer for charter aircraft in the Middle East, having ordered four A318 Elites and two Airbus ACJs.

Comlux is one of Airbus’ largest corporate jet customers, and currently has an A318 Elite and an Airbus ACJ based in Bahrain.

More than ten operators are now offering over 15 Airbus corporate jets for private charter.

Both aircraft are similar in size on the outside to traditional corporate jets, but are around twice as big inside, leading the field at MEBA as well as setting the new standard in space and comfort in top-of-the-line business aircraft – whether existing or planned.

“Airshows such as MEBA are a great way for us to showcase our wider, taller cabins and their unequalled freedom of movement, because they allow potential customers to see for themselves how we compare with traditional business jets,” remarks Airbus Chief Operating Officer, Customers John Leahy. “It can literally be a case of see, buy and fly in the Middle East market, which is the world’s most important for top-of-the-line and widebody corporate jets,” he adds.

Business jet customers can choose from a whole spectrum of aircraft, ranging from small one-pilot jets all the way up to widebodies that can fly large delegations nonstop to the world, but only Airbus offers a complete family of modern top-end products to suit every need.

Airbus has made a habit of bringing new and innovative technology to the airliner field, leading the way with fuel, weight and cost-saving initiatives, and these benefits – together with the classy comfort and superb space that their corporate jet versions deliver – make them the natural choice for those that want the best in private transport.

Airbus has sold more than 170 corporate jets to date, comprising over 110 of its A318 Elite, Airbus ACJ and A320 Prestige family and over 60 VIP and government widebodies. Airbus corporate jets are the only ones flying on every continent, including Antarctica#].

publié le 13 November 2011

Airbus builds on corporate jet activity by creating new unit

press release

[#A growing customer and operator base plus an increasing business volume have prompted Airbus to create a new business unit, Airbus Corporate Jets, to better respond to this part of its business.#]

T[#he Airbus Corporate Jets unit will bring together commercial, programme and support activities in a single in-house unit. It will also have a direct link to the company’s Airbus Corporate Jet Centre cabin-outfitting subsidiary, part of a worldwide network of approved completion centres.

“With almost 200 Airbus corporate jet sales to date, we now serve a growing and increasingly important community, and combining all the various aspects of this business will help us to serve our customers better while paving the way for further expansion,” says Airbus Chief Operating Officer, Customers, John Leahy.

Airbus sold its first corporate jets in the mid-Eighties and, in 1997, launched a corporate jet version of its A319 airliner, now called the Airbus ACJ319. Today, Airbus offers the world’s most modern and comprehensive corporate jet family, ranging from the Airbus ACJ318 to the ACJ380, offering companies, individuals and governments the comfort they want in the size that they need.

“Our corporate jet customers and operators already benefit from the features, reliability and support that we build into our modern airliner family, but we also recognise that they have different needs, and our more integrated Airbus Corporate Jets division will help us to address these even better and more responsively”, says Habib Fekih, President Airbus Corporate Jets.

Airbus will also invest more resources in the Airbus Corporate Jets business unit, including the expansion of its local presence in key markets, and it will have more potential to launch improvements in both products and services.

Airbus’ ACJ318, ACJ319 and ACJ320 are the new top-end of the large corporate-jet market, because their cabins are around twice as wide as those of traditional business jets, and because they are unmatched in the home and office comforts that they allow customers to take into the air.

They provide this extra space and comfort within a similar aircraft length and wingspan to that of competing business-jets, and can also take off and land in similar distances.

Airbus also offers VIP widebodies for customers that want to carry more people even further, delivering even more comfort and space, plus “nonstop to the world” capability.

Airbus corporate jets are the only business jets flying on every continent, including Antarctica.#]

publié le 4 November 2015

Al Ahli Holding Group Partners With Twentieth Century Fox Consumer Products To Open Fox World Theme Park And Resort In Dubai

press release

Al Ahli Holding Group (AAHG) in an international licensing partnership with Twentieth Century Fox Consumer Products, announced today plans to build a Fox-branded theme park and resort in Dubai. This will be the second 20th Century Fox World theme park and the first Fox-branded resort. The deal allows for a roll-out of up to three additional Fox-branded resorts in territories outside Dubai.

20th Century Fox World, Dubai, an immersive entertainment destination, will encompass themed lands featuring unique attractions, rides and retail outlets that will bring to life the studio’s iconic film and television franchises. The licensing partnership with AAHG also calls for the creation of the world’s first Fox-branded resort, where themed rooms and dining opportunities will offer visitors a chance to further immerse themselves in the entertainment brands and rich history of 20th Century Fox.

Highlights of 20th Century Fox World, Dubai will include:

Theme park consisting of themed lands and attractions based on Fox properties, including, Ice Age, Rio, Planet of the Apes, Aliens, Predator, Night at the Museum and Titanic, The Simpsons and Sons of Anarchy.
A broad attraction mix, ranging from media-based dark rides to thrill rides that will tell new stories based on Fox film and television brands.
A themed retail street featuring unique shopping and dining based on Fox properties.
The world’s first Fox-themed resort hotel.
"20th Century Fox World, Dubai is the second Fox theme park destination and marks an important step forward in our global theme park strategy. Fox World will be a world-class destination that will help fuel Dubai’s emergence as a global tourism destination," said Jeffrey Godsick, President of Twentieth Century Fox Consumer Products. "This park builds on the foundation being laid by 20th Century Fox World, Malaysia, currently under construction."

Mohammed Khammas, CEO of Al Ahli Holding Group said, "AAHG’s history in the genre of entertainment is replete with successful partnerships with top motion picture studios. We pride ourselves in understanding the pulse of the audience and catering to it with novel and breakthrough projects."

"Fox’s rich history of great entertainment-based intellectual properties from movies, television shows and animation concepts will help us spearhead this project and add value to our latest offering in the global entertainment space. As part of our international deal with Fox, we look forward to building these attractions and resorts globally starting with Dubai as the first location and additional Fox branded resorts that we hope to open across other territories in the future," added Khammas about AAHG’s deal with Fox.

"We are thrilled to partner with Al Ahli Holding Group on this exciting project," said Greg Lombardo, Senior Vice President of Global Live and Location Based Entertainment for Twentieth Century Fox Consumer Products. "20th Century Fox World, Dubai will provide an ongoing platform for immersive brand engagement with our consumers from around the world, including key international markets of Europe, Russia and China."

"The synergy created by AAHG’s partnership with Fox will enable 20th Century Fox World, Dubai to offer the consumers in the Middle East and global tourists visiting Dubai to experience world-class facilities with unique attractions and retail outlets that will take themed entertainment to a different level," said Manoj Aheeray, Director of Investment and Strategy for AAHG.

20th Century Fox World Dubai is slated to open in 2018, Design and Production services are being provided by Rethink Leisure & Entertainment.

About Al Ahli Holding Group (www.alahliholdinggroup.com)

Al Ahli Holding Group is a multi-diversified international conglomerate with over four decades of successfully dealing with business activities ranging from real estate to turnkey construction, engineering and infrastructure, retail and trading, technology and logistics, lifestyle and fitness, entertainment, hospitality and innovative developments. With great passion and a very active portfolio in the entertainment industry, AAHG operates innovative and ground-breaking projects in the UAE. Amongst its portfolio, AAHG owns Dubai Outlet Mall, which is the first outlet mall concept in the Middle East; constructed major landmarks in the Eastern region of UAE; holds the exclusive largest franchise rights to US-based Gold’s Gym International in the Middle East and Africa; established Al Ahli Plastics, one of Middle East’s largest plastic manufacturing companies; holds licenses to publish Marvel, Warner Bros., DC Comics and Sanrio comics and activity books; recently opened Comicave, the world’s largest comic and superhero collectibles destination store at Dubai Outlet Mall; launched Singapore-based Comicave Studios, a manufacturer of high-end collectibles and toys and launched a premiere international events company, Universal Events, which will initially organize the Asia Pop Comic Con events, amongst other international events. Across its multi-entertainment based platforms, AAHG has strategic alliances with Fox Studios, Marvel-Disney, Sony Pictures, Warner Bros., and other leading Hollywood studios. With around 9,000 employees, AAHG is headquartered in the UAE, with representative offices across 20 countries globally

publié le 11 November 2014

Al Bateen Executive Airport Gears Up for the Etihad Grand Prix with Special F1 Package

press release

In preparation for the busiest week in the Abu Dhabi social calendar, Al Bateen Executive Airport is leading the way in welcoming visitors to the capital with an exciting F1 early bird package.

Al Bateen Executive Airport, operated by Abu Dhabi Airports as the only dedicated business aviation airport in the Middle East, today announced that its fixed based operator (FBO) DhabiJet is offering a special package offer to all visiting aircraft between 16th – 24th November for the Formula 1 Etihad Airways Abu Dhabi Grand Prix.

In line with its commitment to provide excellent service at competitive prices, DhabiJet’s special F1 package offers exclusive rates for ground handling and aircraft exterior cleaning.
The special package includes the following:

Issuance of Landing Permit and Basic Handling fees
Aircraft Towing/Pushback
Apron Limousine Services
Aircraft Exterior Cleaning
Passenger processing fees and VIP lounge usage
Use of crew lounge facility located airside
Hotel & Transportation Arrangements*
24/7 airside access in case of technical support required
Catering Arrangement through Executive Gate Gourmet
Fuel arrangement

Located in the heart of Abu Dhabi and only 20 minutes from the Yas Marina Grand Prix circuit and 70 minutes away from Dubai Marina, the airport has aircraft parking capacity for up to 90 private jets and is surrounded by major hotels. The FBO & airport operate 24/7 without parking or slot restrictions. Taxiing time from touch down to full stop in front of the passenger executive terminal is less than 5 minutes.

The FBO, which was named “Second Best FBO in EMEA region” by European Business Aviation News in 2013, offers fast and efficient turnarounds, short taxiing times and hangar parking upon availability.

Eng. Ahmad Al Haddabi, Chief Operations Officer at Abu Dhabi Airports, said: “Al Bateen Executive Airport is committed to being the airport of choice for business aviation operations in the Middle East and is playing a major role in driving future development for business aviation in the region.

The airport plays a tangible role in promoting Abu Dhabi as a key hub for business and international events to its highly influential customers from around the world.”

He added, “The airport is becoming increasingly attractive due to the ability for passengers to embark and disembark quickly and pass seamlessly through immigration and customs. Moreover, since the airport is so central, passengers can easily get to and from their chosen location in Abu Dhabi, making their Grand Prix experience smooth and efficient. Alongside DhabiJet, we look forward to delivering the highest level of aviation services during the exciting Formula 1 race period and beyond.”

DhabiJet brings together all the requirements for business aviation customers visiting the airport, under the management and coordination of a single, highly-trained customer service team. As part of its commitment to increase the quality of service and to be ranked amongst the top FBOs worldwide, DhabiJet also offers exclusive fuel rates to attract technical stopovers and to encourage more charter operators and private jets to use Al Bateen Executive Airport as their hub in the Middle East.

publié le 19 February 2010

Al Futtaim to open Carrefour branch in Iraq

[#The UAE company with the licence to operate the Carrefour SA franchise in the Middle East is looking to open its first store in Iraq as part of a wider expansion plan in the region.#]

[#Majid Al Futtaim (MAF) Retail manages a joint venture in the Middle East with France’s Carrefour, the world’s second-biggest retailer by revenue after Wal-Mart Stores.

In the past three years, the joint venture opened 14 hypermarkets, bringing its total to 37 in the Middle East. MAF is now turning to countries such as Iraq, Yemen, Oman, Egypt, Iran, Saudi Arabia, Libya and Lebanon to open new Carrefour stores in a bid to tap growing consumer appetite in the Middle East and North Africa.

MAF will open the store in Arbil, one of Iraq’s largest cities, probably towards the end of 2010. "The north of Iraq is a very promising market and a stable area," Muhammad Naeem, an executive at MAF Retail, told Reuters on the sidelines of a treasurers conference.

"We studied the economy, the infrastructure, we see no uncertainty and no security issues in that part of the country," he said.

Northern, predominantly Kurdish, Iraq has emerged relatively unscathed from the violence that affected the rest of the country.

MAF, owned by billionaire UAE businessman Majid Al-Futtaim, traditionally enters markets with Carrefour as anchor tenant of its malls and recently opened a local version, under a different brand name, of the hypermarket in Iran’s capital Tehran.

MAF is part of Majid Al Futtaim group, the company known for building an indoor ski slope in Dubai. MAF has also announced plans to develop projects in Syria, Egypt, Saudi Arabia, Yemen and Oman.

The retailer is considering adding Libya to that list in the following years, Naeem said. "If the political situation improves in Libya, maybe earlier," he said.#] -Reuters

publié le 25 October 2010

Al Islami Eyes France’s $7.5bln Halal Food Market

Press release

[# With the France’s US$7.5bln Halal food market a year, Al Islami FoodsAl Islami Foods, the leading producer of quality halal products in the Middle East, today revealed its plan to enter France’s food market, on the occasion of the 23rd edition of SIAL Expo, held in Paris, France, which ended on 21 October.#]

[#In collaboration with the Dubai Export Development CorporationDubai Export Development CorporationLoading..., a subsidiary of Dubai Economic Development Department, Al IslamiAl IslamiLoading... initially displayed its range of 100 per cent halal processed meat products at its booth set up at the 72 sq. mts Dubai Pavilion at SIAL exhibition.

undefined In addition, Al IslamiAl IslamiLoading... aims to offer its halal chain of restaurant - Al Farooj Fresh - for franchising across France. "We are constantly receiving enquiries from franchisees. But we will choose one with high repute and experience in halal restaurant field." Saleh Lootah, Managing Director, Al Islami FoodsAl Islami FoodsLoading..., revealed it in response to enquiries from the trade visitors to Al IslamiAl IslamiLoading... booth.

With about six million Muslims, France has the largest population of Muslims in Europe, and they are having an impact on the national food culture. The current size of global Halal food market is estimated at US$ 634.5 billion a year, according to the Halal Integrity Alliance, a non-profit halal development organisation based in Malaysia.

Saleh Abdullah Lootah, while revealing details of company’s plans of entering France’s halal food market, said:

"Due to the gradual growth and high consumer demand for halal food in Europe, we see France as a springboard for Al IslamiAl IslamiLoading...’s expansion into the European region. From France, expansion to the UK and Benelux markets would be easier at a later stage, as part of company’s BIG 5 (Billion-In-Growth in five years) Plan."

"I met with the consumers in France. They all ask about the authenticity of halal process, real halal food and halal restaurants. I promised them with conviction to offer Al IslamiAl IslamiLoading...’s high quality halal and nutrient products to their neighbourhood, not only for Muslims but for the non-Muslims as well. Consumer satisfaction is our aim in the French markets." Lootah asserted.

Paris based Sial expo is a global marketplace for all those involved in the food industry: retail, trade, manufacturing, catering professions, services. - Being part of EDCEDCLoading... Pavilion, companies had direct access to over 147,860 trade visitors and 101 exhibitor countries. EDCEDCLoading... has taken 72 sq. mts of space at this exhibition and, along with the Foreign Direct Investment Office of Dubai Economic Development Department, showcased capabilities of UAE based companies.

At the exhibition, Al IslamiAl IslamiLoading... held trade meetings with the established suppliers and distributors to carry out halal meat supply, distribution, logistics and transportation of Al IslamiAl IslamiLoading...’s range of products across France.

The outcome of the trade meetings will be announced at a later stage, at the time of signing the agreements with the suitable partners.

About Al Islami FoodsAl Islami Foods :

Established as CO-OP ISLAMI in 1981 to cater to the growing demand for halal food in the Arab world, AL ISLAMI FOODS was formed as a result of the long relentless efforts commenced in the early seventies when Hajj Saeed Bin Ahmad Lootah instituted Dubai Co-operative Society.

Starting with its successful frozen chicken product line, CO-OP ISLAMI further expanded its operations to include processed meat.

In 1991, Dubai Co-operative Society’s efforts were culminated by establishing its "CO-OP ISLAMI" meat processing plant in Jebel Ali Free Zone. This plant is considered a recognizable breakthrough as it became the highly active producer of a variety of food products under the name "CO-OP ISLAMI.

In 2006, CO-OP ISLAMI was re-launched as AL ISLAMI in an effort to propel the company to new heights of success. Now, Al IslamiAl IslamiLoading... products are considered as a quality benchmark trusted by consumers across the UAE and the GCC, and this has made it one of the best and most preferred brands in the region.#]

www.alislamifoods.com

publié le 26 September 2014

Al Jazeera and Qatar Charity host their first ever deaf conference

Al Jazeera, in partnership with Qatar Charity, hosted an inaugural forum on "The Reality and Challenges facing the Deaf Community in the Arab World: Gaza as a Model." The forum saw deaf participants from all over the Arab world and beyond come together to discuss the issues that most matter to them.

Al Jazeera premiered its special episode "Stronger than Words", telling the inspirational story of Gaza’s deaf community, impaired in their everyday lives and especially vulnerable in times of violence – a group that feels the attacks, rather than hears them.

"This is a really exciting day for Al Jazeera – to host a forum and provide a platform completely dedicated to the deaf community in the Arab world, a group often marginalized, is something we are really proud of," said Ahmad Alsaqatri, Deputy Managing Director of Al Jazeera News Channel.

In his speech, Qatar Charity CEO Yousef bin Ahmed Al Kuwari said that Qatar Charity’s interest in such events stems from its belief in the necessity of collaboration and integration among organizations concerned in humanitarian affairs related to the deaf community; a matter which is actively fostered and sponsored by the State of Qatar. Al Kuwari emphasized the significance of the partnership with Al Jazeera in raising the awareness on the difficulties and challenges that the deaf encounter in the Arab world.

Despite the focus on Gaza, the forum saw a lively discussion between the film’s director, diverse members of the deaf community in the Arab World, as well as representatives from the World Federation of the Deaf (WFD) and other local and regional NGOs .The forum also showcased interesting projects and future initiatives aimed at the deaf community in the Arab World, especially those in Gaza struggling to cope in the aftermath of the recent war.

The conference is only one part of Al Jazeera’s greater corporate social responsibility (CSR) in raising awareness on the situation of the deaf community in the Arab world. Al Jazeera has long stood by this cause by being the first Arab media outlet to offer bulletins in sign language and by publishing the Arab world’s first deaf dictionary.

Throughout the week, Al Jazeera Arabic and its online platform (aljazeera.net) will showcase extensive coverage and reports on deaf communities in different Arab countries, focusing on the obstacles and challenges they face in their everyday lives. Al Jazeera’ s renowned Media Training & Development Center will also be offering courses in sign language to both Al Jazeera staff and the greater public.

Qatar Charity is considered the largest and oldest humanitarian organization in Qatar with 18 offices around the world. It has partnerships with a wide range of local, regional and global organizations and dedicates its programs to those with special needs in its quest to have a positive impact in their lives.

Stronger than Words will be available on Al Jazeera English on Tuesday, 30th September 2014.

publié le 11 October 2013

Al Khalij Commercial Bank (al khaliji) Q.S.C. prices U.S.$ 500 million

Al Khalij Commercial Bank (al khaliji) Q.S.C., rated A- by Fitch with stable outlook, has announced the successful pricing of its debut U.S.$ 500 million Senior Unsecured issuance under its newly established U.S.$ 750 million Euro Medium Term Note Programme. The transaction was issued at 99.575% with a coupon of 3.250% and a yield of 3.343%. BNP Paribas, HSBC, QNB Capital and Standard Chartered Bank acted as Joint Arrangers and Joint Lead Managers on the transaction.

The benchmark RegS transaction, which effectively re-opened the conventional Financial Institution credit markets in the GCC region, came on the back of an effective marketing strategy which was undertaken by the Bank’s senior management and Joint Lead Managers. The global roadshow targeted fixed income investor meetings in the key Regulation S financial centers (London, Singapore, Hong Kong, Dubai and Abu Dhabi).

After the Asia and Middle East roadshow meetings were completed, al khaliji came out with initial price guidance of MS +195bps to investors. The orderbook quickly gained significant momentum. As the meetings in London progressed, the orderbook grew further and reached U.S. $ 2.5bn which allowed syndicates to announce that books would go subject same day for London and US offshore accounts while they would go subject on Wednesday October 9th at 10 am in Asia/Middle East. al khaliji subsequently released official price guidance at 8 am London at MS+180bps, 15bps tighter than the initial price thoughts.

Despite the competing supply in the market, al khaliji’s transaction gathered significant interest from the fixed income investor community globally as the Bank was able to effectivey introduce investors to its credit story. The orderbook ultimately closed at U.S.$ 3.5bn, representing 7.0x oversubscription, from more than 230 orders. The interest in the transaction came from a high quality and geographically diverse investor base. al khaliji was one of the few credits to emerge post the summer lull and achieve a majority allocation outside of the MENA region. Furthermore, the orderbook quality was excellent with the participation of several real money accounts.

More specifically, the transaction was allocated to investors across the Middle East (42%), Asia (18%), Europe (37%) and US Offshore (3%). In addition, the types of accounts were also well balanced, with Funds (52%), Banks (28%), Private Banks (10%) and Insurance (10%) investors anchoring the orderbook.

Robin McCall, al khaliji’s Group Chief Executive Officer added: “We are delighted to effectively engage with the global fixed income investor community and introduce them to al khaliji’s credit story. The positive feedback has been overwhelming, as evident by the 7.0x oversubscribed orderbook and the tighter pricing. It is pleasing to see that the bond was well received by a geographically diverse investor base. The outcome of the transaction is a testament that the Bank has the right strategy and will allow al khaliji to continue to support our ambitious growth plans and support the infrastrcucture development in our home market in Qatar.”

publié le 8 February 2013

al khaliji 2012 net profit rises to QR 512.2 million

[# al khaliji (KCBK), in Qatar, released today its consolidated financial
statements for the year ended 31 December 2012 with a Net profit of QR 512.2 million for 2012, 5.2% higher than last year. al khaliji has continued a consistent growth in net profit since its inception.
Al Khaliji France S.A.’s net profit was QR 62 million for 2012, up by 13% compared to 2011.#]

The consolidated financial statements for the year ending 31 December 2012 were approved
by the Board of Directors of al khaliji during its meeting held in Doha on 4 February 2013.
The figures are subject to Qatar Central Bank’s approval.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing
Director said:
“The good results al khaliji has achieved in a year characterized by a very constrained
banking environment, reveal the clear strategy and vision of our Board of Directors, which
is being well executed by a dedicated team. With a strong focus on our preferred banking
core areas, and realizing the opportunities that presents itself in a low rate environment we
have continued generating good results. We believe that our priority is to continue the
growth while maintaining a solid balance sheet for the expected conditions.”
Income Statement highlights
al khaliji declared a Net Profit of QR 512.2 million, 5.2% higher than last year.
The revenue was generated mainly from the Qatar based conventional banking activities
representing 84%. The remaining 16% was generated from Al Khaliji France S.A., its wholly
owned subsidiary headquartered in Paris (France) with its four branches in four different
emirates in the UAE.

The Net Operating Income for the full year 2012 was at QR 969 million, 3.2% higher than
2011.
The Investment income at QR 396 million was higher than 2011 by 133%. This result
demonstrates the fruits of our prudent investment strategy which continued in 2012,
concentrating on quality, Qatar issued fixed investments.
Robin McCall, al khaliji’s Group Chief Executive Officer stated:
“al khaliji maintained its growth throughout 2012 due to growth in the core business amid
declining yields and profitable investment opportunities while remaining conservative in
its approach.”

Balance Sheet highlights

Total assets increased 24% by the end of 2012 and reached QR 33.7 billion comparing to QR
27.2 billion by the end of 2011.
Al Khaliji France S.A.’s represented 10 percent of the group’s total assets.
Loans and advances by end of 2012 stood at QR 13.0 billion, 13% higher than the previous
year while Deposits grew 43% and were at QR 17.3 billion in 2012 comparing to QR 12.1 billion by the end of 2011. Loans to deposits ratio was at 77% by end 2012.
“In spite of the loan growth in 2012, the loans to deposits ratio was based on sufficient inflows
of deposits which reflects the funders’ confidence in our bank.” Added Mr. McCall.

Cash Dividend

After reviewing the audited financials today, the Board was satisfied with the 2012 financial performance and has proposed a cash dividend of 70% of net profit, i.e. QR 1 per share.
Robin McCall, al khaliji’s Group Chief Executive Officer commented:
“The bank has been paying dividends since 2010. We are well positioned to continue
generating value to our shareholders in the years to come.”

Earnings per share and capitalization
Earnings per share were at QR 1.42 for the full year 2012, 5% higher than 2011.
The capital adequacy ratio was at 21.4% and Tier 1 capital ratio at 19.4%.

Provisioning

On 31 December 2012, the non-performing loans were at QR 59 million, down 5.5% from
2011. The NPL ratio improved from 2011 and was at 0.45% by end of 2012.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing
Director concluded:
“We are very satisfied with the 2012 results especially knowing that the global economy is still vulnerable. We continue to have a positive outlook for the Qatar economy in 2013 and for the ongoing growth of our bank. We are well positioned to support the government projects and the public sector. Our focus remains on our strategies to grow while maintaining a prudent balance sheet, and remain committed always to provide good returns to our valuable shareholders for the years to come. The bank’s rating was recently affirmed at A- by Fitch with stable outlook which reflects positively for the
future.”

publié le 2 January 2014

al khaliji announces participation in MPHC IPO

presse release

Al Khalij Commercial Bank (al khaliji) Q.S.C., is pleased to announce its participation as a Receiving Bank in the Initial Public Offering (IPO) for Mesaieed Petrochemical Holding Company (MPHC), which commenced on December 31st, 2013 for Qatari citizens. The 22-day IPO subscription period of the MPHC will run until January 21st, 2014.

MPHC, a wholly-owned subsidiary of Qatar Petroleum (QP), plans to raise QAR 3.23 billion by offering 323.19 million ordinary shares at QAR 10.2 per share (including the listing fee of QAR0.2) to the public, that represents a 26% stake in the company. The minimum subscription for individual investors is 50 shares with the maximum being 1 million.

Interested applicants for MPHC shares can enjoy al khaliji financing of up to 100% of the subscription amount at rates as low as 3.5%.

al khaliji customers can apply for MPHC shares at Bin Omran and C-Ring branches or by visiting the bank’s service centre located on the ground floor of its headquarters in West Bay. In addition, al khaliji Premium Banking Relationship Managers will also be assisting the bank’s customers with the subscription and financing details.

For more information on the MPHC IPO and the financing of subscriptions, please call 4494 0000.

publié le 29 July 2011

al khaliji Appointed Mr. Hamad Mohammed Al Kubaisi as Group Head of Human Resources

Press release

[#“I would like to extend a warm welcome to Mr. Al Kubaisi, an essential element in the bank’s ongoing success .Is our ability to recruit, develop and maintain top qualified skills, in particular Qatari Nationals,” announced Mr. Robin McCall, al khaliji’s Group Chief Executive Officer. “We are confident that Mr. Al Kubaisi’s extensive experience and knowledge of human resources will positively contribute to the Bank’s success.”#]

[#Mr. Al Kubaisi has more than ten years of experience in managing Human Resources, he joined al khaliji after working as Manager of Human Resources in the Supreme Council of Information and Communication Technology (ictQatar). Prior to that, Mr. Al Kubaisi worked with Qatar’s Public Works Authority (ASHGHAL) as Human Resources Manager, and before this job, he was Heading the Training and Development for Kahramaa, Qatar’s General Electricity and Water Corporation, where is began his career in this field. At al khaliji, Mr. Al Kubaisi will be responsible for the development of an employee-oriented strategy aligned to al khaliji vision, mission and values.

For more information about al khaliji, please visit www.alkhaliji.com.


al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.44 billion in total assets and QR 9.96 billion in customer deposits as of 30 June 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources.
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 11 July 2011

al khaliji Board appoints Robin McCall as; Group’s Chief Executive Officer

[#Al Khalij Commercial Bank (al khaliji) Q.S.C announced the official appointment of Mr. Robin McCall as Group Chief Executive Officer following the Board of Directors and Qatar Central Bank endorsements.#]

[#In making the announcement on behalf of the Board, H.E. Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director praised Mr. McCall for his achievements and dedication to al khaliji’s success:
“Robin McCall has demonstrated an unbreakable commitment to the Bank and excellence in the last period that was recognized and appreciated by the Board of Directors. It is therefore with great pleasure that I announce his appointment.”

JPEG - 33.6 kb
Robin McCall

Mr. McCall, who until recently was the Acting Chief Executive Officer, thanked the Board and the Chairman for their faith in him, and vowed to continue the success of the Bank:
“I thank the Board and the Chairman for their trust in me to lead al khaliji. It is with great pride that I take on this position as Group Chief Executive Officer. Al khaliji has had one unprecedented success after another, and this would not have been possible without the hard work and dedication of the entire al khaliji family and the unshakable values for which al khaliji prides itself on. I am honored to take on this role and to be at the helm while the Bank continues its growth.”

For more information about al khaliji and Robin McCall’s biography, please visit www.alkhaliji.com.

- ends-

Media Contact:
Abeer Al Kalla
Head of Public Relations & Communications
Telephone: + 974 4494 0646
Email: aalkalla@alkhaliji.com

about al khaliji
al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers in Qatar, the U.A.E and France.

Headquartered in Doha, al khaliji is one of Qatar leading banks and a member of the Qatar Exchange Index, with QR 22.01 billion in total assets and QR 9.64 billion in customer deposits as of 31 March 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
al khaliji’s strategy does not simply focus on profitability and increasing market share: it also strives to contribute to the financial sector’s sustainability in the markets where the Bank operates.
Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses the opportunity to expand and grow across the region and throughout Europe.

Visit www.alkhaliji.com and www.alkhaliji.frto discover the latest ‘next generation banking’ news and information.#]

publié le 17 December 2012

al khaliji celebrates Qatar National Day

press relase

[#Al Khalij Commercial Bank (al khaliji) QSC, in celebration of Qatar’s National Day and recognition of the country’s tremendous achievements since its founding, held an event commemorating the day in the presence of H.E Sheikh Hamad Bin Faisal Bin Thani Al Thani al khaliji Chairman and Managing Director at its West Bay headquarters. H.E spoke to the bank staff about what the day represents.#]

[#
“On this occasion, I would like to relay my heart-felt congratulations to His Highness the Emir of Qatar, Sheikh Hamad Bin Khalifa Al Thani, and His Highness the Heir Apparent, Sheikh Tamim Bin Hamad Al Thani, the government, all Qataris, and all those that have worked towards fulfilling our national aspirations and hopes,” said H.E Sheikh Hamad. “As we celebrate National Day, we must bear in mind that we are moving closer each year to fulfilling the pillars of the National Vision 2030; a vision that is quickly becoming reality. Through the wisdom and foresight of this vibrant country’s leadership, Qatar has accomplished what can only be described as ‘the incredible’, with a strong banking sector supporting the growing national economy. We can all be proud that al khaliji, has played an important role in the country’s successes, and look forward to continuing on this path of prosperity and growth.”

al khaliji’s unwavering commitment to the State of Qatar, its institutions, and the national economy, is also acknowledged all year-round with the bank participating in workshops, forums, and other events in line with the Qatar National Vision 2030.
For more information, please visit www.alkhaliji.com.

about al khaliji

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index since 2007, with QR 32 billion in total assets and QR 14.9 billion in customer deposits as of 30th September 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources.
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 3 January 2012

al khaliji closes down its Islamic Branch

[#Al Khalij Commercial Bank (al khaliji) Q.S.C has closed down its Islamic Branch, as part of its adherence to the instructions issued by the Qatar Central Bank in the first quarter of 2011, requesting conventional banks to close down their Islamic windows.#]

[#al khaliji Chairman, H.E. Sheikh Hamad Bin Faisal Bin Thani Al Thani said, “As a pioneer Qatari bank, al khaliji will remain focused on its Medium-term business strategy, which is aligned to the economic reality in the region. We are leveraging our Treasury Management and Corporate Business, while we continue to offer our preferred Premium and Business Banking customers differentiated banking products and services, in an aim to constantly meet stakeholders expectations.”

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Chairman H.E Sheikh Faysal Bin Hamad Al Thani

Headquartered in Doha, al khaliji is one of Qatar’s leading commercial banks and a member of the Qatar Exchange Index, with around QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of the society and the preservation of natural resources. 
Visit www.alkhaliji.com for the latest news and information.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 4 November 2012

al khaliji delegation pays visit to NCCCR patients

[# A delegation from Al Khalij Commercial Bank (al khaliji) Q.S.C., led by the Group Chief Executive Officer Robin McCall paid a visit to patients at the National Center for Cancer Care and Research (NCCCR), to provide comfort and support, as well as raise awareness to the importance of cancer treatments and research.#]

[#al khaliji delegation’s visit to the Center, a leading regional institution offering expertise and world-class service for those suffering from different stages of cancer, was met with smiles and warmth as the group took the time to listen to many of the patients stories.

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“I am touched by the strength and courage of the people that I met today,” said McCall. “Even though they, along with their families, are passing through very challenging times, I applaud their positive spirit and their personal strength. We wish them a quick recovery, and I would like to commend all of the Center’s staff for their outstanding dedication and unwavering commitment to improving the lives of others and thank them for making this visit possible.”

The hospital visit falls under the bank’s corporate social responsibility initiatives that support members in the community. For more information about the bank’s Corporate Social Responsibility, please visit www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index since 2007, with QR 27.8 billion in total assets and QR 12.7 billion in customer deposits as of 30th June 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.

#]

publié le 8 October 2011

al khaliji Executive to Speak at GCC Power and Water Desalination Conference

Mr. Ehsanullah to discuss banks’ roles in infrastructure development

[# In a move that further solidifies al khaliji’s role as an industry leader, the bank will participate in the GCC Power and Water Desalination Summit that will be held in Doha from the 2nd to the 3rd of October, 2011. Mr. Mian Ehsanullah, the Head of Public Sector and Liability Management in al khaliji’s Corporate Banking Division, will represent the bank as a panel speaker at the conference.#]

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[#The conference will tackle technical, environmental, and fiscal challenges facing the Gulf Cooperation Council (GCC) countries with regards to energy and potable water issues. It is estimated that the region will need to spend upwards of $135 billion by the end of the decade to keep pace with demand and to rehabilitate or replace aging and obsolete desalination plants. Key topics in the conference include the possibility of using nuclear energy for desalination, desalination using renewable energy, and opportunities, projects, and challenges in the sector in Saudi Arabia, Kuwait, and Oman. Mr. Ehsanullah himself will discuss project financing in Qatar and the GCC, and mitigating the risks associated with it in his speech entitled “Project Finance – A Bank’s Perspective.”

“The Gulf Cooperation Council countries are, so to speak, at a crossroads,” explained Mr. Ehsanullah. “With some of the highest economic growth rates globally, but at the same time, located in one of the most arid regions in the world, the GCC faces unique challenges with regards to power generation and water supply. Although most of the regional governments can afford to invest heavily into the infrastructures required to sustain their own societies, a private-public partnership in funding these projects is more feasible. That is where the role of banks comes in, and al khaliji is well positioned to discuss this topic, especially with the part we played in financing Qatar’s Ras Lafan C, the country’s largest co-generation plant.”

For the Ras Lafan C co-generation plant, a QAR 14 billion project, al khaliji issued a performance bond for the to the managing company, the Ras Girtas Power Company. QAR 563 million has been secured to the corporation since 2008.

Mr. Mian’s speech at the GCC Power and Water Desalination Summit reinforces al khaliji’s role as local and regional industry leaders. As industry leaders have repeatedly looked towards al khaliji for guidance and leadership. In this conference particularly, high-caliber guests ranging from chief executive officers to field engineers will be attending.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.44 billion in total assets and QR 9.96 billion in customer deposits as of 30 June 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 25 May 2011

al khaliji Executives, Key Speakers at the Qatar Investor Relations Seminar

[#Al Khalij Commercial Bank (al khaliji) Q.S.C announced its sponsorship to the Qatar Investor Relations Seminar held in Doha on 23 May 2011. The conference was hosted by the Middle East Investor Relations Society, in partnership with the Qatar Exchange. al khaliji executives, Mr. Christiaan de Beer, Group Chief Financial Officer and Dr. Charbel Cordahi, Head of Investor Relations reflected on the Qatar equity story and the investor relations landscape during panel discussions.#]

[#
The event was attended by executives and experts promoting capital markets and international standards of Investor Relations. Panellist speakers communicated the views of analysts, investors, and fund managers and reflected on why they value IR. Investor Relations professionals from Qatar and the GCC provided insights into their roles and described how their activities add value to issuers, asset and fund managers, and the region capital markets. Commenting on al khaliji sponsorship, Robin McCall, acting Chief Executive Officer, said,
“Over the past 20 years, Investor Relations gained unprecedented attention due to growing globalization of the economy, successive financial crises, cross border investments and the emergence of new players and new regulations. IR is now the eyes and ears of companies in the market: it delivers valuable insight into market sentiment, increases shareholder value, and facilitates the supply of investment capital. We congratulate the Middle East Investor Relations Society for their good work and thank the Qatar Exchange for their continuous support”.

Charbel Cordahi, al khaliji Head of Investor Relations, addressed the importance of having a dedicated IR department. Dr Cordahi said:
“A dedicated Investor Relations team in any organization plays a vital role in enhancing demand for a company’s shares and lower its cost of capital. At the same time, the Investor Relations team plays a role in increasing the trading volume in a company’s shares and increase the liquidity of the company’s securities. IR initiatives also improve analysts’ and specialist financial media’s following and have a positive influence on intangible assets and on the willingness of investors to invest in the company.”
al khaliji Investor Relations department has been highly successful in implementing a performing IR program, setting a strong framework, and strengthening the financial and investor communication processes and channels.
“Our success would not have been possible if it had not been for the essential support of Qatar Exchange, for which I am personally grateful for” said Dr. Cordahi.
al khaliji always seek to be part of thought leadership conferences and seminars that highlight and reflect on key issues in the industry.


about al khaliji

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers in Qatar, the U.A.E and France.

Headquartered in Doha, al khaliji is one of Qatar leading banks and a member of the Qatar Exchange Index, with QR 22.01 billion in total assets and QR 9.64 billion in customer deposits as of 31 March 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
al khaliji’s strategy does not simply focus on profitability and increasing market share: it also strives to contribute to the financial sector’s sustainability in the markets where the Bank operates.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses the opportunity to expand and grow across the region and throughout Europe.

Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation banking’ news and information.#]

publié le 29 May 2013

al khaliji extends financing to Lusail infrastructure development

Al Khalij Commercial Bank (al khaliji) QSC has extended contract financing facilities to a venture between Midmac Contracting Co. W.L.L. (Midmac) and Yuksel Insaat A.S. (Yuksel) for their recently awarded Lusail Development for Primary Infrastructure project (CP4) for the amount of QR 1.66 Billion.

“We are proud to be involved in supporting a key infrastructure project that will surely change the transportation landscape of the country,” Robin McCall, al khaliji’s Group Chief Executive Officer. “We are pleased to be part of such a landmark transaction, reflecting our strong commitment to the State of Qatar, and the confidence we have in Midmac and Yuksel Insaat as valued clients.”

Established in 1975, Midmac is one of Qatar’s largest contractors. The company has an extensive and consistent track record of delivering large and challenging projects in the construction and engineering industry spanning the best part of the last four decades. Together with Yuksel, a Turkish engineering giant with over 50 years of delivering billions of dollars of construction projects across Asia and Europe, the venture was handed the contract for the road work development in Lusail.

Raghib H. Kublawi, General Manager of Midmac commented:
“The project being financed is of strategic nature in the country’s future, supporting key objectives set forward in the Qatar National Vision 2030. Midmac is very pleased to be working with Lusail Real Estate Development Company on such key project. It comprises the construction of highway A1, A6 & Marina Interchange with a total of 5.2 Km. Our strategic partnership with al khaliji and the Bank’s invaluable support on an ongoing basis helps Qatari establishments like Midmac to participate in the country’s key infrastructure projects in line with the vision of H.H. the Emir Sheikh Hamad Bin Khalifa Al Thani and Heir Apparent H.H. Sheikh Tamim Bin Hamad Al Thani. ”

Sezai Arli, Country Manager - Qatar of Yuksel, said “We are pleased to partner with al khaliji on this prestigious project, and appreciate the support being extended by the bank to the local and international contractors operating in the country. The quick turnaround for our facility offer and execution was made possible by the exceptional support & commitment from the al khaliji team and offering a complete contract financing package that meets the project requirements”.

Financing to the project was made possible by the fact that contracting is a key focus area in the new mid-term strategy unfolded by al khaliji. As part of this strategy, a dedicated contracting team specifically caters to the needs of large local and international contractors operating in Qatar working across diverse business sectors that include, but not limited to, oil and gas, infrastructure, and upcoming mega projects like the Doha Metro and integrated rail project. al khaliji also works on a ‘preferred client’ model, offering customized services to specifically provide to the clients’ financing needs.

Awarded an ‘A-‘ credit rating by international rating firm Fitch in 2011 and reaffirmed in 2012, al khaliji has the capabilities and expertise to provide the right financing solutions. As a pioneering Qatari financial institution, al khaliji understands the requirements of its preferred clients and provides them with the financial assistance through a group of banking professionals who are able to support and service their clients’ needs through their personalized service, partnership approach, swift approvals, and simple procedures. al khaliji recognizes that every company is unique and its customized banking solutions help its clients to make the best of every opportunity for their businesses.

For more information about al khaliji, please visit www.alkhaliji.com.

publié le 4 January 2012

al khaliji Financing Barzan Gas Project

[#Al Khalij Commercial Bank (al khaliji) Q.S.C participated in the successful financing of Barzan Gas Project, which was inaugurated recently by the Heir Apparent H. H. Sheikh Tamim bin Hamad Al Thani.#]

[#The Barzan project received the largest direct bank financing amongst energy projects. The USD10.4 billion project is a joint venture between Qatar Petroleum and ExxonMobil to produce and process gas from Qatar’s North Field. The project is expected to supply 1.4 billion cubic feet per day of gas, with the first gas flow planned for late 2014.

The gas produced by Barzan will serve the energy requirements of power stations and industries in Qatar and go a long way in meeting the country’s growing requirements for clean-burning natural gas. The ethane produced by the project will be supplied to the country’s petrochemicals industry.

al khaliji Group Chief Executive Officer, Robin McCall said, "We are proud and honored to have al khaliji’s name associated with Barzan Gas, which is another important milestone in the country’s energy infrastructure development."

With corporate and industrial clientele playing a key role in al khaliji’s growth, the Bank is looking to expand its role in financing the energy sector.

"al khaliji is more than keen to play an important role in the energy sector, and has recently extended financing to various other projects in the industrial city of Ras Laffan," continued Mr. McCall.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with approximately QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 1 June 2014

al khaliji France Hosts an event with the French Business Community in Paris

Al Khaliji France S.A, a subsidiary of Al Khalij Commercial Bank (al khaliji) Q.S.C recently hosted a networking business event at the bank’s Headquarters on the prestigious Avenue George V in Paris.

H.E Sheikh Meshal Bin Hamad Al-Thani; the Ambassador of the State of Qatar to France honored Al Khaliji France with his presence along with H.E Sheikh Hamad Bin Faisal Bin Thani Al-Thani, Chairman and Managing Director of al khaliji Group and GCEO Robin McCall. The event was organized and hosted by Gilles Dermaux, General Manager of Al Khaliji France.
A number of French business dignitaries from various sectors were in attendance thus providing all attendees with a wonderful networking opportunity. The interactive event provided a unique platform for the French companies to meet with key officials of al khaliji bank.
The evening represented al khaliji’s commitment to France, and it was a great chance to strengthen the bank’s relationship with its preferred customer, colleagues, and VIP representatives of the French business community.

publié le 29 July 2011

al khaliji holds it semi-annual earnings press conference

Mid-year results reaffirm al khaliji’s position as Qatar’s fastest growing bank

[# al khaliji, Qatar’s fastest growing bank, held its half year earnings press conference today, after the publication last week of its financials for the 6 months period ended 30 June 2011. The financials showed a strong increase in net profit, which reached QR 249 million on 30 June 2011, up 122 percent from QR 112 million on 30 June 2010. The Q2 net profit reached 130 million, up 141 percent compared to Q2 of 2010.#]

[#The investor conference was attended by Robin McCall, Group Chief Executive Officer and Christiaan de Beer, Group Chief Financial Officer. Also present were Charbel Cordahi, Head of Investor Relations, and representatives of the local media and press.

McCall started the earnings press conference by saying:
“The results achieved in the first half of 2011 are outstanding showing an accelerated momentum in al khaliji’s growth YOY. In addition to achieving profits across our core businesses, we have increased productivity, improved efficiencies, and maintained our prudent approach to risk management”.

The net interest margin increased to 3.3 percent as of 30 June 2011, compared to 2.8 percent at end-June 2010. Net interest income, at QR 300 million, is 59 percent higher than the 188 million in 2010, as interest expense decreased by 36 percent and interest income increased by 15 percent.

Commenting on the decrease in the net income from Islamic financing activities, Christiaan de Beer, al khaliji Group Chief Financial Officer, said:
“The decrease results from al khaliji’s need to comply with Qatar Central Bank’s directive on conventional banks’ Islamic activities: the Bank ceased extending Islamic facilities to, or taking Islamic deposits from new customers”.

al khalii continues to expand its fee and commission based activities. Net fee and commission income for the 6 months period ended 30 June 2011 reached QR 56 million, up 13 percent compared to June 2010.

Net operating income reached QR 497 million on 30 June 2011, up 55 percent compared to the corresponding period in 2010, when it reached QR 321 million.

Commenting on the continuous improvement in the cost to income ratio, which reached 38 percent on 30 June 2011, compared to 58 percent in June 2010, Robin McCall, al khaliji Group Chief Executive Officer, said:
“The cost-to-income ratio reflects the enhanced operational efficiency and improved productivity – as the Bank generates higher profits and optimizes the business processes. Post the termination of merger discussions, we have commenced projects that were placed on hold and we will be looking to invest in additional human capital to fulfil positions placed on hold during the merger discussions".

The operation in Qatar’s conventional banking activities contributed to 85 percent of the net operating income while Al Khaliji France S.A., the wholly owned subsidiary headquartered in Paris, France and present in 4 emirates in the UAE, contributed 14 percent.

Earnings per share (EPS) increased to QR 0.69, 2.2 times H1 2010’s EPS. Return on average shareholder equity is 11 percent, and return on average assets is 2.6 percent, compared respectively to 4.8 percent and 1.3 percent at 30 June 2010.

The results reflect the success of al khaliji wholesale led strategy – central to which is the Bank’s focus on supporting its preferred customers in Qatar, the UAE, and France. The disclosure of al khaliji results came after CPI Financial rated al khaliji as the number one growing bank in Qatar in three areas: growth in return on assets, growth in total income, and growth in net profit. The same survey rated al khaliji as the 25th best performing bank in 8 regional countries, including the GCC, Jordan and Lebanon.

The capital adequacy ratio is at 24 percent on 30 June 2011, confirming the Group’s financial strength.

al khaliji continues its expansion in Qatar, the UAE, and France. Lately, it acted as a mandated lead arranger on the USD 600 million equivalent term loan facility for Zain KSA, a subsidiary of Zain Kuwait and one of the leading telecommunication operators in the GCC and wider Middle East region.

Loans and advances increased by 17 percent since the beginning of the year and reached QR 8.46 billion on 30 June 2011. De Beer commented:
“No-one expected a year ago that both Europe and the US would be struggling with economic stagnation, nor did anyone foresee the political tension in the MENA region. This type of uncertainty causes both borrowers and banks to be more cautious. Once again we can highlight that the Qatar Government and QCB are leading the world in how to properly manage economic cycles and debt. We applaud them for that”.

On the funding side, al khaliji continues to attract retail and wholesale deposits from its customers – conventional customer deposits were up 25 percent and reached QR 9.96 billion on June 30, 2011 – and to maintain its healthy loan-to-deposit ratio – which stood at 85 percent at end-June 2011.

On 30 June 2011, non-performing loans and advances (NPLs) amounted to QR 54 million, down from QR 100 million on 31 December 2010. The NPL ratio continues to improve to 0.6 percent, down from 1.3 percent in December 2010. The Bank’s set aside QR 26 million for impairment losses on loans, net of recoveries, for the first half of 2011.

Commenting on the latest economic and market developments, al khaliji Group CEO said:
“Economic projections point to continued growth in Qatar in 2011 and 2012, but we must remain vigilant about the near-term outlook and growing uncertainties in the region, which may affect investor sentiment and delay a number of projects and plans. The regional external balances are improving with oil and gas prices increasing, but we need to be cognizant that hydrocarbon volatility and prices may contribute to business uncertainty”.

Commenting on his appointment last month as Group CEO, McCall, who served as acting CEO since 2009, said:
“I am honored to be appointed as Group Chief Executive Officer. al khaliji successes would not have been possible without the hard work and dedication of the entire al khaliji family”.

Answering questions about the decision made last month to end merge negotiations with IBQ, McCall said:
“Final terms could not be agreed and as a result both parties agreed to discontinue merger talks".

When asked about how does the cessation of merger talks affect al khaliji plans, McCall said:
“al khaliji has a clear wholesale led strategy and continues to execute against these plans. The Bank has remained focused and committed to delivering on its chosen strategy during merger discussions – it remains “Business as Usual” as it continues to pursue its growth momentum in 2011”.

McCall concluded:
“al khaliji, is a young bank. It was incorporated in 2007 but only commenced retail operations in July 2008. During the financial crises, we have acquired a European Bank with branches in the UAE, have changed direction with regards to the Bank’s strategy, have been in prolonged merger discussions for over a year, and yet with all this activity we have remained focused on delivering value to our shareholders, preferred customers and employees. We believe we have the foundations and intellectual capital to continue to unlock shareholder value, as the country continues its planned growth mapped out by the Qatar National Development Strategy and the award of FIFA 2022 world cup”.#]

publié le 2 November 2011

al khaliji introduces specialized contracting finance division for FIFA 2022 projects

press release
  • Bank launches contracting division to support contractors involved with government and semi government projects
  • Contractors and subcontractors can take advantage of dedicated relationship managers and other benefits

[# With the winner of the FIFA 2022 World Cup management contract expected to be announced this month, Al Khalij Commercial Bank (al khaliji) QSC is poised to become the bank of choice for contractors and subcontractors with the launch of the al khaliji’s specialized contracting finance division to support infrastructure projects.#]

[#“Qatar is expected to spend a staggering $150bn on hosting FIFA world cup 2022. The major projects include development of Metro Rail, state of art stadiums, hotels as well as other infrastructure projects. Major contractors and sub contractors involved in these projects will need to resort to bank finance. al khaliji has introduced a Specialized Contracting Finance Division to cater the requirements seamlessly and efficiently for Contractors and subcontractors awarded with subject projects” said Robin MCcall, Group Chief Executive Officer, al khaliji.

“The specialized contracting finance division will support financing needs of contractors in all sectors including Engineering, Procurement and Construction(EPC) contracts, Civil Works and Mechanical, Electrical and Plumbing (MEP) contracts. The set up of a specialized division will provide contractors with swift approvals through focused relationship managers with industry expertise and market updates. This cohesive internal model is very much in-line with our corporate strategy. al khaliji has been supporting many local, regional and international contractors for various strategic projects in Qatar such as Ras Girtas Power Plant and Water Desalination, Ras Laffan Port Expansion, Doha Convention Center, F Ring Road Project and the Qatar National Museum Project amongst other strategic projects.” Further explained Robin McCall, Group Chief Executive Officer, al khaliji.

With total assets of QR 23.85 billion, and a totally equity of QR 5.4 billion with an adequacy ratio of 24.2% as of 30 September 2011, al khaliji is financially capable of supporting the large-scale projects that are expected to be implemented building up to FIFA 2022.

For more information about al khaliji’s Project Finance call 44940792 974+ and for more information about the Bank, please visit www.alkhaliji.com.


about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 4 November 2012

al khaliji maintains growth momentum QR 378 million net profit for the 9 months ended 30 September 2012

Al Khalij Commercial Bank (al khaliji) Q.S.C announced today its 9 month results for the period ending 30 Sept 2012, showing a net profit after tax of QR 378 million.

[#

  • Net profit up by 5.3% compared to 30 September 2011
  • Total assets at QR 32 billion, up by 19 % since the beginning of the year
  • Total customer deposits up 23 % this year

Net Operating Income reached QR 662 million. Revenues grew in both local and international segments: Qatar’s conventional banking activities contributed 81% of the net operating income while Al Khaliji France S.A., the wholly owned subsidiary headquartered in Paris, with branches in the UAE, contributed 19%.

Al Khaliji France S.A.’s net profit reached QR 49 million, up 17% compared to September 2011.

The Board of Directors of al khaliji convened today in Doha, Qatar, chaired by His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director. The Board examined the Group’s results for the third quarter and approved the Interim Consolidated Financial Statements for the 9 month period ended 30 September 2012.

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director, said:
“We are pleased with the Bank’s 9 months results, achieved against a backdrop of declining international economic activity and a challenging political environment. We will continue to seek and pursue responsible strategies relevant to the uncertainties of the day. As always we support and remain aligned to the vision and objectives of the State of Qatar.

The profit for the 3-months period ended 30 September 2012 reached QR 117 million.

Net interest income, at QR 399 million, is 12% lower than the QR 452 million achieved in the same period in 2011, largely due to shrinking margins, record low asset yields and the low level of interest rates.

al khaliji continues to expand its fee and commission based activities. Net fee and commission income for the 9 months period reached QR 84 million, up 8% compared to September 2011.

General and administrative expenses are down to QR 210 million, compared to QR 225 million in September 2011. The cost to income ratio continues to improve and reached 40% on 30 September 2012, compared to 41% in September 2011.

Earnings per share (EPS) increased to QR 1.05 compared to QR 1.00 in Q3 2011.

The capital adequacy ratio is still at a healthy 22.1% on 30 September 2012, well above Qatar Central Bank and Basel III requirements, confirming the Group’s ability to sustain its growth objectives.

al khaliji’s total assets reached QR 32 billion on 30 September 2012, up by 19% since the beginning of the year, with overseas operations representing 11% of the Group’s total assets.

With its focus on supporting al khaliji’s preferred customers, the bank increased loans and advances by 11% since the beginning of the year and reached QR 12.6 billion on 30 September 2012. As part of the Bank’s preparation for Basel III and its liquidity management strategy, it continues to acquire high grade financial investments.

On the funding side, al khaliji continues to attract deposits, enabling the bank to maintain a healthy loan-to-deposit ratio of 84%.

Robin McCall, Group CEO of al khaliji, said:
“We foresee increased momentum developing with regards to the planned Qatar infrastructures spend. al khaliji remains well positioned to participate in this build out and we will continue to support this credit growth with our preferred customers. Our liquidity and funding position is a key focus area where we intend to remain strong against a backdrop of uncertain global market conditions. We intend to make a bond issuance in 2013 to further strengthen our long term funding arrangements”

On 30 September 2012, non-performing loans and advances (NPLs) amounted to QR 57 million, down from QR 62 million on 31 December 2011. The NPL ratio is at 0.44%, down from 0.55% in December 2011.

Commenting on the growth and the current economic environment, McCall noted:
“al khaliji’s core business is Qatar centric with a GCC coverage model. This single market has experienced robust growth rates and our sentiment for sustained returns remains positive given the strong underlying fundamentals. Qatar’s hydrocarbon wealth and planned economic diversification bolstered by significant infrastructure build-out in the coming years will drive growth in the banking sector. The slow pace of fiscal and economic reforms in the Euro bloc combined with the tepid pace of recovery in the US and the need to address the potential US ‘fiscal cliff’ that may transpire in 2013 remains a concern. We are mindful of potential contagion risks should there be an escalation of instability within the region”.

Finally, the awarding of A- Fitch Credit Rating earlier this year and the recent benchmark study by CPI Financial which ranked al khaliji as the 16th top growing bank in the region, confirms that the bank is establishing itself in its chosen markets.
#]

publié le 24 October 2011

al khaliji makes donations in support of Qatar Charity initiatives

press release

[#In its on-going commitment to partnering with local charities that benefit underprivileged members of the community, Al Khalij Commercial Bank (al khaliji) Q.S.C, has donated office supplies and furniture this year to Qatar Charity.#]

[#This is the second consecutive year in which al khaliji has donated furniture to Qatar Charity. Qatar Charity will deliver the material to those who needed it most.

“al khaliji is pleased to provide these donations and other contributions to serve members of the community and we are honored to be partners with Qatar Charity which has played an active role in helping families in need, both in Qatar and abroad for years,” said Ms. Abeer Al Kalla, Head of Public Relations and Communications at al khaliji.

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al khaliji has been in partnership for three years with charities and humanitarian institutions, and organizations for moral and material support, to initiatives that fall under the bank’s corporate social responsibility program. In addition to placing donation boxes in the headquarters and branches for employees and customers interested to donate some money to these charities.

For more information about al khaliji’s corporate social responsible program activities, please visit www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 16 July 2013

al khaliji named “Best Premium Bank” in the Middle East

Press relaese

Al Khalij Commercial Bank (al khaliji) Q.S.C., has been named “Best Premium Bank” in the Middle East by the Banker Middle East Industry Awards 2013. Organized by CPI Financial, the annual Banker Middle East Industry Awards sets the benchmark for successful banking in the MENA region.

al khaliji’s Group Chief Executive Officer, Robin McCall said: “We are honored to be recognized by the Banker Middle East Industry Awards 2013 as the “Best Premium Bank”. This is a reflection of al khaliji’s commitment to growth and to establishing an innovative customer focused strategy that can lead the way in this growing sector.”
At this year’s Banker Middle East Industry Awards 2013, nominations were received from around 200 banks and financial institutions from across the Middle East region covering a variety of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practices.

This is the second time this year al khaliji has been recognized by Banker Middle East Awards. For two consecutive years, al khaliji has been awarded for offering the ‘Best Premium Banking Service’ to its Affluent and High Net Worth customers, and earlier this year the bank received the “Best Structured Product Award”.

Mohamed Abdulkhalek, al khaliji’s Group Chief Business Officer said, “al khaliji has been able to demonstrate its competitive presence and strong offerings in the market by providing high quality products and services.”

al khaliji Premium Banking offers a series of services packaged under one brand. There are different components in the service: A dedicated relationship manager, access to upgraded and exclusive Premium centers at the branches, preferential rates on all types of loans and deposits, family benefits, and complimentary ‘Priority Pass’ membership. However, the element that stands out in this service is ‘Doorstep Banking’ whereby the customer’s dedicated relationship manager will come to their place of work or home to handle personal banking requirements that are generally carried out in the branch would normally require them to visit a branch.

For more information about al khaliji’s products and services, please visit www.alkhaliji.com

publié le 9 October 2011

al khaliji offered support to Middle East SME conference

[#In testament to its commitment to Small and Medium Enterprises (SMEs),Al Khalij Commercial Bank (al khaliji) Q.S.C, offered support to the Middle East SME Forum 2011 in the form of ‘Joint Strategic Partner.’ The conference organized by Fleming Gulf Conferences took place in Abu Dhabi from the 3rd to the 4th of October, 2011.#]

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Middle East SME conference-

[#“SMEs in the region, and Qatar in particular, will have a larger role to play in their countries as their economies diversify,” said Mr. Satish Kumaraswami, Group Head of Business Banking at al khaliji. “In Qatar, for example, the 2030 Vision specifically targets economic diversification and moving away from reliance on the hydrocarbon and petrochemical industries. Of course, that means the development of SMEs is key to meeting this goal. As al khaliji is a leader in this front, it was only appropriate that we support and participate in this conference.”

The Middle East SME Forum 2011 provided a platform for industry and government leaders to discuss the challenges and opportunities facing the SME segment. In most countries, SMEs make up 70% of the economies; even though that is not necessarily the case for GCC states, regional governments have provided backing and funding for the development of this sector in a bid to diversify their economies and lower unemployment. Mr. Kumaraswami delivered a presentation entitled ‘A Successful Story to SME Growth’ on behalf of al khaliji.

“As al khaliji has been very active in supporting SMEs in Qatar, we hoped that sharing our customer experiences with the audience would provide valuable insight,” explained Mr. Kumaraswami.

In addition to sponsoring the Forum, al khaljii also played a role in the conference’s Advisory Council, represented by Mr. Kumaraswami. This group was set up as a ‘think-tank’ to provide high-quality education on subject matters that impact the region’s SME segment.

“al khaliji is recognized in the region at the forefront of SME counseling and development,” said Mr. Kumaraswami. “For over two years, we have been supporting SME initiatives in Qatar through our Business Banking division with dedicated relationship managers focusing on the unique needs of these companies. Therefore, a seat on the Advisory Council was not only an honor for al khaliji, but equally fitting.”

The inaugural forum was a first in Fleming Gulf Conferences’ portfolio of events dedicated to the SME sector. The organizers believe that forums such as this will give banks an opportunity to open doors to financing new business owners to start up new businesses and support them by becoming partners.

Fahd Ali Akmal, Senior Conference Producer at Fleming Gulf Conferences said, "The Middle East SME Forum helps the SME sector by showcasing the initiatives governments and financial agencies are taking to enhance economic growth through the SME sector. It gives room for entrepreneurs to start up businesses as it becomes a gateway for new job opportunities and business growth. Innovations, best practices, successful stories, venture capital, government backed credit guarantee loans, peer-to-peer entrepreneurship learning and much more were key highlights at the conference."

al khaliji’s support for the Middle East SME Forum within the bank’s general corporate citizenship strategy that aims to support education, enhance business knowledge, and build awareness in the local business community. To learn more, please visit www.alkhaliji.com.

about al khaliji

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.44 billion in total assets and QR 9.96 billion in customer deposits as of 30 June 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.

About Fleming Gulf Conferences

With a rich history of producing high quality, industry specific business events around the world, Fleming Gulf Conferences is one of the leading names in the business intelligence industry.
Our dynamic team of conference professionals have been responsible for bringing together the decision makers, movers and shakers and the leading solution providers from around the world where they have debated, discussed and delivered key strategies that have shaped business today.
Our B2B conferences are highly interactive with participants coming from specialized industry sectors including Finance, Oil & Gas, HSE & Security, Transport & Logistics, Utilities, Mining, Real Estate, Construction, Life Sciences, Telecom & IT, HR and Marketing.
#]

publié le 12 August 2012

al khaliji offers a ‘Golden Reward ’

[# al khaliji offers its first of kind ” Golden Reward ” where customers will receive a bar of gold on every mortgage loan for a period of three years. This Reward is offered to new customers only and is valid for a limited period .#]

[#
New customers get gold for three years on mortgage loans

“As the real estate sector grows and more residential units become available, al khaliji offers this golden opportunity for residents of Qatar to own their dream home” said Arafat Qayyum, al khaliji’s Head of Premium Banking and Product Management. “Not only will the residents of Qatar own their dream home, they will also have the opportunity to earn 50grams of gold bars for 3 consecutive years.”

The promotion is valid until August 31st 2012, and customers are eligible when they apply for a new loan or transfer their existing loan from other banks to al khaliji.

For more details, please call our Contact Centre on 4494 00 00.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index since 2007, with QR 27.8 billion in total assets and QR 12.7 billion in customer deposits as of 30th June 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 3 May 2013

al khaliji participates in financing Gulf Drilling International’s latest generation offshore asset

press release

[#Al Khalij Commercial Bank (al khaliji) QSC contributed to the financing of the new offshore jack-up rig “Al Jassra” for Gulf Drilling International (GDI), which GDI recently took delivery of in Singapore. GDI estimates that it will cost approximately QAR900 million to place this rig into service. The high profile event in Singapore saw the attendance of several senior Qatari officials, including HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum, Mr. Saad Sharida Al-Kaabi, Director of Oil and Gas Ventures at Qatar Petroleum and Chairman of GDI, and Mr. Ibrahim J. Al- Othman, Director and CEO of GDI.#]

[#The Pacific Class 400 Jack-up drilling rig represents the latest generation of high-specification jack-up drilling rigs to be added to GDI’s fleet and provides GDI with the capacity and ability to drill deep wells. The “Al Jassra” has been contracted to the Danish conglomerate, Maersk Oil Qatar, for drilling activities in the State of Qatar. It will be utilized to drill extended reach wells that are needed to exploit the long thin reservoirs of the Al Shaheen field, Qatar’s largest offshore oil field.

“We are proud to have participated in the financing of GDI’s new offshore assets,” said Robin McCall, al khaliji’s Group Chief Executive Officer. “Our contribution further fuels the on-going development of Qatar’s economy. al khaliji has become a major player in the Oil & Gas sector thanks to our solid history of growth, the confidence of international credit agencies, and tradition of delivering innovative financing solutions. We expect al khaliji to play an even larger role in this sector as the state of Qatar continues to drive its diversification plans.”

al khaliji Group Chief Business Officer Mohamed Abdulkhalek in his remarks said, “Our participation in the financing of GDI’s new offshore jack-up rig underlines our strong commitment to be a notable partner in the growth plans of Qatar today. We are pleased to have taken part in this successful deal with a premier Qatari enterprise such as GDI which is in keeping with al khaliji’s growth strategy and enhanced commitment to Qatar. We believe that GDI’s expansion plans will provide critical infrastructure for the further development of the oil and gas industry in Qatar.” 

Awarded an ‘A-‘ credit rating by international rating firm Fitch in 2011 and reaffirmed in 2012, al khaliji is well placed to access the international financial markets to provide long-term financing solutions to support large-scale Government hydrocarbon expansion and infrastructure development projects. This, coupled with al khaliji’s know-how and understanding of the requirements of its preferred clients through its select group of banking professionals, ensures that al khaliji is well-placed to harness the tremendous potential of the Qatari economy in the coming years.

Gulf Drilling International is the first oil and gas drilling contractor incorporated in Qatar, providing both onshore and offshore drilling rig services. The firm was initially formed as a joint venture between Qatar Petroleum (60%) and the Japan Drilling Company (40%). The shares held by QP, comprising 70% ownership in GDI, were transferred to Gulf International Services (Q.S.C.) effective 12 February 2008.

For more information about al khaliji, please visit www.alkhaliji.com.#]

publié le 28 February 2014

al khaliji partners with IP Global to offer Premium customers leading investment opportunities

press release

Al Khalij Commercial Bank (al khaliji) Q.S.C. announces its business partnership with IP Global, a leading property investment company. This tie-up took effect from September 2013 and since then al khaliji customers have been enjoying access to a range of unique investment opportunities in a variety of international markets.

Being one of Qatar’s leading financial institutions, al khaliji has access to the Qatar market, with additional branches in the UAE and France. The driver behind the partnership is allowing al khaliji customers the opportunity to benefit from investments and build strong relationships in a new market, with a main focus on high-end property in London, to which al khaliji customers will have access.

IP Global offers a full-service approach to real estate investment that is built on extensive market research and analysis combined with a significant financial commitment to every opportunity they offer. This unique business model will complement al khaliji’s existing investment offering and open up this high-potential investment sector for its clients, hence the tie-up and the start of this relationship.

al khaliji Group Chief Executive Officer, Robin McCall said, “Part of al khaliji’s strategy is to be a unique bank with a strong service proposition and a smart way of competing in relevant banking markets. We are delighted to partner with a prominent property investment company to provide a very distinctive offering to meet the needs of our select customers.”

The CEO and founder of IP Global Tim Murphy commented: “IP Global are very happy to have been appointed as the preferred property investment partner, offering al khaliji banking customers the opportunity to build strong and sustainable property portfolios across the world’s best investment markets. We have seen increasing interest into London from the GCC region over the last few years and we look forward to offering al khaliji customers access to some of the best investment propositions in the market, walking them through every step of the process of buying and managing international real estate.”
al khaliji aims to stay ahead of the competition by offering IP Global’s services to its premium and private banking customers. This is an opportunity for the bank to attract investors who see the value in diversifying their portfolio in strong performing assets.
Tim Murphy concludes; “Both of our businesses operate with our clients’ best interests at heart and we are confident of the value our advice will yield and the mutual on-going benefits to both parties.”

For more information about al khaliji offerings please visit www.alkhaliji.com. For more information on this partnership or for any general property-related enquiries, please send an email to info@ipglobal-ltd.com.

about al khaliji

al khaliji is Qatar’s pioneer “next generation bank”, offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange since 2007, with QR 41.3 billion in total assets and QR 19.9 billion in customer deposits as of December 31, 2013.

Al Khaliji France is al khaliji’s subsidiary in Paris, France, with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services.

al khaliji products and level of service reflect the Bank’s belief that to be a successful financial institution, the Bank must meet the needs of both this generation and future generations of employees, customers, investors and business partners.

al khaliji was awarded with a positive Fitch Rating. With a Long Term Issuer Default Rating of ‘A-’ and a Short Term Issuer Default Rating of ‘F2’, this facilitates streamlined access to resources all over the globe.

Achieving financial objectives is critical to sustaining prosperity in any market, at al khaliji long-term sustainability is maintained by balancing the commitment to achieving results with the commitment towards the development of people and the community.

Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.

publié le 20 May 2012

al khaliji Platinum Sponsor for country’s first Cityscape Qatar

[# Al Khalij Commercial Bank (al khaliji) QSC, in its continuous commitment to the economic development of Qatar, will provide support to the Cityscape Qatar conference and exhibition as Platinum Sponsor. This is the first time that the renowned event will be held in the country.#]

[#
“We are excited about supporting Cityscape,” said Robin McCall, Group Chief Executive Officer at al khaliji. “The event has been hugely popular since it was launched in Dubai in 2002, and we are honored to have our name associated with the first Qatari edition of the conference. More so, the event is a reflection of the seemingly never-ending successes the country has been witnessing. For al khaliji, our support to Cityscape is a sign of our unwavering commitment to the National Vision 2030; without this blueprint that charters the country’s future, it is fair to say that we would not be experiencing the extraordinary economic growth and development we are seeing today.”

In light of the multi-billion dollar investments the country will see in the run up to the World Cup in 2022, Cityscape Qatar has already attracted over 1500 participants from all corners of the globe, with over 200 multi-national firms vying for exhibition space. The event is expected to attract investors, developers, architects, engineers, and, of course, financial institutions.

“In recent years, and in line with our medium-term strategy to support Qatar strategic initiatives aiming to diversify state revenues from non-hydrocarbon sectors and to build strong foundations required for hosting the World Cup 2022, al khaliji has extended significant financing for development of major real estate and infrastructure projects such as retail properties, commercial and residential compounds, hotels, roads, museums, and others,” continued McCall. “our team are specialized in contracting and real estate and can offer an entire array of services and products with a high level of professionalism and efficiency. Therefore, Cityscape Qatar is a perfect event for us to share our expertise and services with a very diverse and international audience, and we look forward to what we expect to be an extremely successful event.”

Cityscape Qatar is a two day event and will kick off on the 23rd of May at the Doha Exhibition Center in West Bay. For more information, please visit www.alkhaliji.com or the event’s website at www.cityscapeqatar.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 26.6 billion in total assets and QR 12.1 billion in customer deposits as of 31 March 2012.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 17 April 2011

al khaliji pursues its growth and announces a 105 percent increase in its 1st quarter 2011 net Profit

Press release

[#Al Khalij Commercial Bank (al khaliji) Q.S.C. released its Q1 2011 results today, showing a strong increase in net profit, which reached QR 119 million, up 105 percent from QR 58 million on 31 March 2010.#]

  • Significant uplift in net profit – reaching QR 119 million on 31 March 2011
  • Robust earnings per share of QR 0.33 – 2 times Q1 2010’s earnings
  • 40 percent increase in the net operating income
  • Customer deposits increase by 16 percent compared to 31 December 2010 and by 24 percent compared to 31 March 2010

[#Net interest income reached QR 148 million, 89 percent higher than in Q1 2010 when it reached QR 78 million, as interest expenses decreased by 40 percent and interest revenues increased by 21 percent. The net interest margin increased to 3.42 percent as of 31 March 2011, compared to 2.60 percent in the corresponding period in 2010.

The net operating income reached QR 231 million, up 40 percent compared to the corresponding period in 2010, when it reached QR 165 million. The dividend income, up 321 percent year-on-year, and the profit from available-for-sale investments, up 71 percent year-on-year, respectively contributed to QR 5 million and QR 49 million of the net operating income.

The downward trend in the cost to income ratio continued, and attained 48 percent, from 55 percent in Q1 2010.

Conventional banking activities contributed to 85 percent of the net operating income. Al Khaliji France S.A., a wholly owned subsidiary of al khaliji Group, contributed to 14 percent.

Commenting on the financial statements, Robin McCall, acting Chief Executive Officer, said:

“al khaliji’s pursues its growth story. In Q1 2011, we achieved growth across conventional and international segments”.

Commenting on the Islamic banking portfolio following Qatar Central Bank’s intention to close down the Islamic windows of Conventional banks by the year end, McCall said:

“In accordance with this directive, al khaliji ceased to extend Islamic facilities to, or take Islamic deposits from new customers. The Management is considering available options for its existing Islamic operations”.

The Bank’s impairment losses on loans, net of recoveries reached QR 11 million, 21 percent down compared to their level registered in Q1 2010.

al khaliji’s net profit in Q1 2011 is the second highest quarterly result registered since the establishment of the Bank during the first quarter of 2007. Q1 2011 net profit confirm profitability’s rising trend and is line with the Bank’s mid-term strategy developed at the beginning of 2010.

Earnings per share (EPS) increased to QR 0.33, twice Q1 2010’s EPS. Return on average shareholder equity is 9.76 percent, and return on average assets is 2.45 percent (compared respectively to 5.0 percent and 1.4 percent at 31 March 2011).

Total shareholder equity, including paid-up share capital, reserves and retained profits, reached QR 5.13 billion.

Loans and advances increased by 11 percent since the beginning of the year, and reached QR 8.05 billion on 31 March. During the same period, financial investments, most of which are available-for-sale, increased by 23 percent and reached QR 8.68 billion.

Customer deposits reached QR 9.28 billion in Q1 2011, an increase of 24 percent when compared to 31 March 2010 and 16 percent compared to 31 December 2010.

The coverage ratio, including the Bank’s risk reserve, reached 205 percent of total loans and advances.

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, al khaliji’s Chairman and Managing Director, said:

“The Bank continues to achieve marked growth rates as we pursue the implementation of our distinctive business strategy. Our profits of QR 119 million are more than 2 times Q1 2010 results and undoubtedly illustrate our success in Qatar, the UAE and France. Our Board and Management are committed to sustain the growth in profitability and to deliver on shareholders’ expectations”.

The consolidated financial statements for the 3 month period ended 31 March 2011 were approved by the Board of Directors of al khaliji during its meeting held on 17 April 2011 in Doha, Qatar.#]


www.alkhaliji.com

publié le 3 December 2011

al khaliji sponsored and Chaired M&A and Corporate Finance Advisory MENA Conference

[# Al Khalij Commercial Bank (al khaliji) QSC, as part of its ongoing initiatives to share relevant knowledge relating to global trends in M&A/ Investment banking arena, supported the two-day ‘Merger and Acquisitions, Corporate Finance and Advisory Mena Conference’ as Platinum Sponsors. The event was held at Doha’s Al Sharq Hotel and Spa on the 29th and the 30th of November 2011. In addition to sponsoring the conference, al khaliji also chaired the events on the first day.#]

[#Mr. Robin McCall, in his capacity as Group Chief Executive Officer of al khaliji, opened the conference as key note speaker and Chairman on the 29th, where he shared with the audience, the uncertainties surrounding Euro Zone Crisis and the hard realities of its impact on changing M&A space.

“The 2007 and 2008 global financial crisis have brought a shift in corporate behavior towards capital markets as well as other funding products. Regardless of this gradual shift away from lending, banks will continue to be a critical component of the funding mix of products that other funders cannot provide (such as working capital, treasury and cash management products). Banks will play a central role in funding and facilitating the inevitable M&A pick up that must surely follow this cycle.”-said Robin McCall, Group Chief Executive Officer as part of his speech.

While covering his views on the MENA region in particular, he added

“ While MENA region has a very small share of Global M&A deals, the GCC region will continue to be an attractive region for International Investors, driven particularly by the strong growth expectations in energy spending , infrastructure projects leading to FIFA 2022 and the view that political stability can be maintained.”

In addition to Mr. McCall, Mr. Satish Kumaraswami, Group Head of Business Banking moderated the session on comparing, contrasting and evaluating the key advantages to growing businesses through acquisitions vs. organic growth, while Mr. Mian Ehsanullah, Head of Public Sector and Liability Management – Corporate Banking Division, moderated a session on what are the financing options available to acquisitive MENA companies.

This is the second year al khaliji supports the M&A, Corporate Finance and Advisory MENA Conference, which is attended by the region’s leading CEOs, CFOs, Treasurers, Finance Directors, Institutional Investors, Fund Managers, Private Equity Houses, Sovereign Wealth Funds, Investment and M&A Market Bankers. This event constitutes an excellent platform to debate key issues and topics that are important to achieving Qatar’s long-term vision and future economic and financial developments. To learn more, please visit www.alkhaliji.com.
#]

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about us

[#al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 30 August 2011

al khaliji supports RAF’s efforts in Africa

[# Al Khalij Commercial Bank (al khaliji) QSC, in its on-going commitment to local and international initiatives of the Sheikh Thani Bin Abdullah Al-Thani’s Foundation for Humanitarian Services (RAF), pledged support for the organization’s campaign in Somalia and the Horn of Africa, areas suffering from hunger, drought, and civil strife.#]

[#“Our minds and hearts turn to the ones less fortunate than ourselves,” explained Ms. Abeer Al Kalla, Head of Public Relations and Communications at al khaliji. “In Somalia and the Horn of Africa, over 12 million people are on the verge of starvation, on a scale not seen in decades. We have a long-established relationship with the RAF, and we hope that through our joint efforts that we can make a difference to people of this impoverished region.”

In support for the foundation’s efforts, al khaliji will cover the cost of the RAF’s Somalia and Horn of Africa appeal adverts in the local media for 3 days.

“The Foundation is also receiving donations from the general public for the Somalia and Horn of Africa campaign, and we encourage people to donate.” continued Ms. Al Kalla.

In the bank’s commitment to social and environmental issues and under the company’s corporate social responsibility program, al khaliji’s support for the RAF and like-minded organizations and partners has been firm.
“As the community gave to us, we give back,” added Ms. Al Kalla. “Our resolve and commitment to programs and initiatives that aid communities locally, regionally, and globally is embedded in our corporate social responsibility program.”

For more information about al khaliji’s corporate social responsible program activities, please visit www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.44 billion in total assets and QR 9.96 billion in customer deposits as of 30 June 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources.
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.#]

publié le 8 January 2012

al khaliji throws exclusive support behind international squash tournament

press release

[# Al Khalij Commercial Bank (al khaliji) QSC, in its on-going commitment to the Qatari community as a whole, announced today that it will exclusively sponsor the international Professional Squash Association (PSA) tournament, in association with the Qatar Squash Federation (QSF). The ‘al khaliji PSA Squash Challenger 2012’ will be held from January 12th to the 14th at Khalifa International Tennis and Squash Complex with 44 players from nine countries, including Qatar, competing for the cup.#]

[#“al khaliji is delighted to be supporting this year’s squash Challenger,” said Ms. Abeer Al Kalla, Head of Public Relations and Communications at al khaliji. “In the past few years, Qatar has branded itself as the regional capital of sport, and we are proud to be associating our name with this international tournament. We look forward to the competition itself, and wish all the players the best of luck.

al khaliji’s sponsoring of the tournament is part of the bank’s on-going corporate social responsibility programs. With squash, and sports in general, reflecting personal values that benefit societies, supporting the tournament was a natural choice for al khaliji.

“At al khaliji, we strongly support the nation’s 2030 Vision and the goals and milestones it strives for,” added Ms. Al Kalla. “Athletics are a medium for positive change. Squash players demonstrate ideal values such as passion, excellence and respect. These are the very same values that are required from all of us to meet the challenge of achieving Qatar’s goals in 2030. It is only fitting that al khalji sponsors the PSA tournament under our CSR program.”

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 29 March 2013

al khaliji to finance upcoming Alfardan Properties’ Development, the Kempinski resort

press release

[#Al Khalij Commercial Bank (al khaliji) Q.S.C. has inked a deal to finance the Alfardan Properties’ up and coming Kempinski Marsa Malaz Hotel Resort, with a total investment cost of almost QR 1 Billion. Alfardan Properties, one of the companies under Alfardan Group umbrella, is renowned for luxury turnkey residential and commercial developments in addition to 5-star hospitality projects such as Kempinski Residences and Suites. #]

[#

Commenting on the deal, Robin McCall, al khaliji’s Group Chief Executive Officer said:
“As the country looks to the future, and continues with its economic growth, companies such as Al Fardan Group Holding will be at the forefront of Qatar’s development. We are therefore privileged to be associated with one of the most ambitious hospitality projects in Qatar – the Kempinski Marza Malaz Hotel Resort. ” McCall further added, “In al khaliji, we have set about growing a next generation bank as we aspire to become one of the most highly rated and well-respected banks in Qatar. This milestone agreement is a confirmation that al khaliji is a reliable business partner and a strong source of financing for development projects in all sectors in the country.”

Omar Hussain Alfardan, President and CEO of Alfardan Properties and Alfardan Group, commented:
“The Kempinski Marsa Malaz Hotel Resort clearly reflects our vision to provide iconic luxury developments focused on superlative hospitality service to Qatar and the region. This uniquely themed hotel resort which we foresee to become a popular destination for international guests visiting Qatar, will truly display the luxury, authenticity and excellence Alfardan Properties is known for. Our partnership with al khaliji is a key strategic move thus, supporting our commitment to join hands with establishments that share our aspiration in developing the country with mega hospitality and tourism developments in line with vision of H.H. the Emir Sheikh Hamad Bin Khalifa Al Thani and Heir Apparent H.H. Sheikh Tamim Bin Hamad Al Thani. We are therefore proud to join hands with al khaliji, who share our vision of provision as we continue to consolidate our market presence and develop projects that reflect Qatar’s growing status as a distinctively unique haven for luxury hospitality.”

K.C. Dalal, Deputy CEO of Alfardan Group, said: “Alfardan Properties’ strong alliances and solid track record within the banking community have been important factors that have given us greater flexibility to develop some of the most innovative and luxurious hospitality projects in Qatar. Moreover, we are strongly committed to partner with institutions that add value to our projects and to the Alfardan Properties portfolio. The invaluable support of al khaliji Bank therefore plays an instrumental role for the success of such developments done by Alfardan Properties; especially that the company has plans on expanding with newer and bigger luxurious developments in Qatar and neighboring countries in the region.

Awarded an ‘A-‘ credit rating by international rating firm Fitch in 2011 and reaffirmed in 2012, al khaliji has the capabilities and expertise to provide the right financing solutions. As a pioneering Qatari financial institution, al khaliji understands the requirements of its preferred clients and provides them with the financial assistance through a group of banking professionals who are able to support and service their clients’ needs through their personalized service, partnership approach, swift approvals, and simple procedures.

al khaliji recognizes that every company is unique and its customized banking solutions help its clients to make the best of every opportunity for their businesses.

For more information about al khaliji, please visit www.alkhaliji.com.

- ends-

about al khaliji

al khaliji is Qatar’s pioneer “next generation bank”, offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange since 2007, with QR 33.7 billion in total assets and QR 17.3 billion in customer deposits as of December 31, 2012.

Al Khaliji France is al khaliji’s subsidiary in Paris, France, with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services.

al khaliji products and level of service reflect the Bank’s belief that to be a successful financial institution, the Bank must meet the needs of both this generation and future generations of employees, customers, investors and business partners.

al khaliji was awarded with a positive Fitch Rating. With a Long Term Issuer Default Rating of ‘A-’ and a Short Term Issuer Default Rating of ‘F2’, this facilitates streamlined access to resources all over the globe.

Achieving financial objectives is critical to sustaining prosperity in any market, at al khaliji long-term sustainability is maintained by balancing the commitment to achieving results with the commitment towards the development of people and the community.

Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 18 June 2011

al khaliji-extended financing requirements for power and desalination plant commissioned

[# Al Khalij Commercial Bank (al khaliji) QSC is proud to have played a role in the successful Ras Laffan C Project, Qatar’s largest co-generation plant, which was inaugurated recently by His Highness the Emir Sheikh Hamad bin Khalifa Al Thani.#]

[#According to the agreement, Ras Girtas Power Company will Build, Own, Operate, the plant for 25 years, after which will be fully owned by Kahramaa, the Qatari government’s electricity and water authority on a BOOT (Build, Own, Operate, and Transfer) basis. The plant is developed by the Ras Girtas Power Company which is 45% owned by Kahramaa, 15% by Qatar Petroleum, 20% by JDF Suez, 10% by Japanese Mitsui, 5% by Shubu electricity power, and 5% by Japanese Shikuku for electricity power.

For this colossal QAR 14 billion development, al khaliji has issued the performance bond for the Ras Girtas Power Company to meet some of its shareholder obligations. Since 2008, QAR 563 million has been secured.

al khaliji Chairman and Managing Director H.E. Sheikh Hamad Bin Faisal Bin Thani Al Thani said, “We are proud and honoured to have al khaliji name associated with Ras Laffan C, which in itself is a milestone in the country’s infrastructural development.”

With corporate and industrial clientele playing a key role in al khaliji’s phenomenal growth, the Bank is looking to increase its financing of the power and water sector.

“al khaliji is more than keen to play an important role in the energy sector, and has recently extended its financing to various other projects in the industrial city of Ras Laffan,” continued H.E. Sheikh Hamad Bin Faisal Bin Thani Al Thani. “Our support of Ras Laffan C, a station that increases current power output in Qatar and supplies an additional water a day to the country, is testament to our commitment to Qatar’s 2030 Vision, led by His Highness the Emir of Qatar.”

about al khaliji

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers in Qatar, the U.A.E and France.

Headquartered in Doha, al khaliji is one of Qatar leading banks and a member of the Qatar Exchange Index, with QR 22.01 billion in total assets and QR 9.64 billion in customer deposits as of 31 March 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
al khaliji’s strategy does not simply focus on profitability and increasing market share: it also strives to contribute to the financial sector’s sustainability in the markets where the Bank operates.
Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses the opportunity to expand and grow across the region and throughout Europe.

Visit www.alkhaliji.com and www.alkhaliji.fr
to discover the latest ‘next generation banking’ news and information.#]

publié le 4 January 2012

Al Meera announces leasing of Dasman Hypermarket property

press release

[# Al Meera Consumer Goods Company QSC announced that the “Company, indirectly or directly through one of its subsidiaries, has entered into an agreement to sub-lease the Dasman Hypermarket Building located along the Airport Road.”#]

[#The agreement effectively increases Al Meera’s retail space, in line with the company’s on-going expansion strategy, and also makes Al Meera more accessible to customers in the vicinity.

“In our commitment to our customers, we have increased accessibility to our stores by leasing this building on the Airport Road, and giving more people the opportunity to enjoy our diverse product offerings,” said Al Meera Deputy Chief Executive Officer, Dr. Mohammed Al Qahtani. “Al Meera will spare no expense in fulfilling the goal of becoming the ‘neighborhood’s favorite retailer’, and this is yet another step in that direction.”

For more information about Al Meera, please visit www.almeera.com.#]

publié le 11 March 2012

Al Meera Holding to launch home furniture retail chain

Exclusive agreement with Thai company also allows Al Meera to open regional branches

[# Al Meera Holding Company LLC (subsidiary of Al Meera CGC), has inked a franchise deal with the Thailand-based Index Living Mall Company Limited (ILM) that will see the Qatari firm open furniture stores across the country under the Thai brand. #]

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[#“Our expansion strategy does not only encompass increasing the retail area of our supermarkets, but also expanding our product offerings to our customers,” explained Al Meera’s Deputy Chief Executive Officer, Dr. Mohammed Al Qahtani. “Our agreement with ILM, a global brand based out of Thailand providing premium home furnishings, is well within the realm of our expansion plan. We are extremely pleased and delighted that ILM has entrusted us with their brand, and we look forward in launching the brand in Qatar shortly.”

Under the franchise agreement, Al Meera Holding has been granted exclusive rights to establish and operate home furnishing stores in Qatar under the names of ‘Index Living Mall’, ‘in conformity with the standards and guidelines developed and owned by ILM.

In addition to the franchise agreement, an exclusivity agreement with ILM has also granted Al Meera Holding an exclusive right (for a period of 36 months from the date of such agreement) to develop and operate, in Egypt, Jordan and Oman, stores or businesses under ‘Index Living Mall’ trade names or trademarks.#]

publié le 2 March 2012

Al Meera inaugurates state-of-the-art Abu Nakhla branch

press release

[# Underscoring the importance that Al Meera is to the communities all over Qatar, His Excellency Abdulla Bin Khalid Al Qahtani Minister of Public Health and Secretary General of the Supreme Council of and Chairman of the Board of Al Meera, officially inaugurated Al Meera’s new branch in Abu Nakhla in a ribbon-cutting ceremony today.#]

[#“Our customers will be pleasantly surprised when they entire the brand new Abu Nakhla store” said Dr. Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera. “In our expansion plan, not only did we aim to increase retail space, but also improve the shopping experience of our customers. The new store design allows us to display more products efficiently, which in turn, enhances the customer shopping experience. We looking forward to the feedback from the community to which we are confident will be extremely positive.”

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The Abu Nakhla branch, built to international and stringent specifications, and based on the hypermarket model, and has been outfitted in Al Meera’s new interior design, allowing for a more convenient and memorable shopping experience.

A customer-based strategy drives Al Meera’s expansion plan. In addition to the stores already opened, another 200,000 square meters of retail space are to be added to Al Meera’s portfolio over the next few years. The goal is to have an Al Meera outlet easily accessible to everyone in Qatar.

For more information about Al Meera, please visit www.almeera.com.#]

publié le 22 June 2014

Al Meera kick starts Ramadan offers by selling 1000 products at cost

Press release

Al Meera Consumer Goods Company (QSC), Qatar’s largest retail chain, launched its most awaited annual Ramadan campaign that include selling 1000 consumer products at cost.

As Qatar gears up for the festive month, Al Meera has kick started the excitement by offering a wide selection of the most sought-after items at most of its outlets. In addition, Al Meera is also offering other promotions covering various categories of products and consumer goods.
To facilitate hassle-free shopping during the promotional season, Al Meera has made meticulous arrangement for all items according to category. Shelf talkers have been placed along the shelves to allow consumers finding their products much more conveniently, particularly with Ramadan items such as dates and Qatari special recipes.
The exceptional initiative from Al Meera comes in line with its social responsibility towards the community, citizens, and expats, during the Holy Month of Ramadan by meeting their food requirements at the lowest possible price.
Al Meera has always prided itself on providing its customers with the widest choices of brands and products at fair prices.
“As a completely customer centric organization, all our offers are designed around the customer with their needs in mind. The Ramadan initiative has been designed from the very outset to reflect the spirit of the holy month and we are glad it continues to exceed our customer’s expectations. It is also an extension of our constant effort to give our customers the best shopping experience and the maximum value for their money,” said Dr. Mohammed Nasser Al Qahtani, Al Meera DCEO.
Al Meera is aligned with Qatar’s development in line with the Qatar National Vision 2030’s four pillars: economic, social, environmental and human development. Al Meera continues to expand and plan for new projects inside and outside Doha. The firm is currently executing its 2014 – 2015 plans. The target is to open 24 new malls in all of Qatar’s territory, and to meet customers’ needs wherever they may be.

publié le 1 May 2013

Al Meera meets with Omani Partner

press release

[# Al Meera Consumers Goods Company (Q.S.C.) has announced that Dr. Mohamed Nasser Al Qahtani, Deputy CEO has met with Shiekh Rashed Saif, the CEO of Omani National Investment Funds Company SAOC (NIFCO) as well as Mr. Mohamed Soliman.
#]

[#During the meeting the partners discussed the actual accomplishments since the partnership agreement between Al Meera and the Omani National Investment Funds Company has been signed off.

Shiekh Rashed Saif the CEO of Omani National Investment Funds Company SAOC (NIFCO) expressed his satisfaction and content regarding the five branches that are now operational in the Sultanate of Oman through the takeover of Safeer stores. Shiekh Rashed also promised that work will continue to facilitate expansions inside and outside the Sultanate of Oman to build and leverage on this successful fruitful partnership that reflects the deep and strong relationship between the State of Qatar and the Sultanate of Oman.

And from his side, Dr. Qahtani confirmed that Al Meera is fully committed and dedicated to this partnership. He also ensured the company’s keenness to implement the expansion plan in the Omani market in both direct and indirect means within the specified time frame.
Dr. Qahtani also thanked H.E the Omani Minister of Trade and the Ministry undersecretary for their continuous support on building and fostering this partnership.

Expansions and future projects will be announced in due course.
#]

publié le 8 May 2013

Al Meera opens its new store in Nuaija (Al Hilal)

press release

Underscoring the importance that Al Meera is to the communities all over Qatar, Dr. Mohammed Al Qahtani, Al Meera’s Deputy Chief Executive Officer officially announced the inauguration of Al Meera’s new Store in Nuaija as of May 2nd.

Al Meera - Naujia store is built to international and stringent specifications, and has been outfitted in Al Meera’s new interior design, allowing for a more convenient and memorable shopping experience.

“Our expansion plan benefits everyone in the country: shareholders and customers alike,” said Al Meera’s Deputy Chief Executive Officer, Dr. Mohammed Al Qahtani. “Qatar has always been and will always be our primary market. Even though in the past year we have inked deals to expand our brand in international markets, it has not been done at the expense of our obligations and role in the country. We are first and foremost a proud Qatari corporation, and our success is tied to the success of this country. Our aggressive expansion in Qatar is testament to that commitment.”

The New Al Meera Store in Nuaija (2,000 Sqm) promises its shoppers a breadth of Fresh Food offerings, while adhering to the strict international standards to ensure product(s) freshness, and variety. That promise that Al Meera adopts as part of the stores expansion strategy of offering the freshest of all products at the most convenient and competitive prices in Qatar.
Further the company announced that the newly opened Al Meera Store in Nuaija follows the opening of two more convenience stores inaugurated during the first quarter of this year. Al Meera opened at Beverly Hills 3 compound in Al Waab, which despite being a convenience store, offers the prices and quality of the products that customers find in Al Meera Hypermarkets.
Similarly, Al Meera new convince store at Sealine is now located at the entrance of sealine resort at its new permanent location, after three years of having a seasonal winter camp store at Sealine, this new store will serve campers and visitors on the area all year round.

“Our expansion plans involve more than just increasing our retail space,” said Al Qahtani. “Our strategy also calls for expanding product offerings to our customers. A number of deals signed this year with international and regional firms will see more products on our shelves to the delight of our customers. Essentially, Al Meera is turning into a ‘one-stop’ shop that can secure everyone’s needs in one location.”

Besides opening new outlets, old Al Meera outlets are also being converted to the new and innovative concept: a modern design tailor-made for the Qatari market by international design firms.

“Al Meera efforts have really paid off – for everyone,” concluded Al Qahtani. “Our stores can now easily be accessed by virtually everyone in Qatar. It is the Qatari market that has been propelling our growth, and we are committed to our own vision, to become the country’s ‘favorite neighborhood retailer.”

publié le 28 April 2015

Al Meera records increase in sales and net profit in First Quarter 2015

Press release

Al Meera Consumer Goods Company (Q.S.C.) announced its financial results for the first quarter of 2015, ended 31st March 2015, with a record net profit of QR 43.1 million as compared to QR 39.2 million for the same period in 2014, marking an increase of 10%.

Similarly, sales in first quarter of 2015 grew by 11%, from QR 508.4 million to QR 564.1 million, compared to the same period in 2014.
And The Earnings per Share (EPS) amounted to QR 2.15 as of March 31, 2015 versus QR 1.96 of the same period in 2014.

In the first quarter of 2015, the company has already opened its new branches in Muaither and Azizia, and did the soft opening for the Muraikh and Gulf Mall. In order to achieve a wider spread that satisfies its customers, Al Meera is ready to inaugurate six other branches this year in Jeryan Nejaima, Thakhira, Al Wakra, Al Thumama, Al Wajba and Rawdat Ekdeem. The aforementioned stores will be opening their doors weeks apart, one after the other.

In addition, Al Meera is currently constructing 14 new shopping centres located in Sailiya North, Bu Sidra, Al Wakra2, Umm Salal, Leabaib 1, Leabaib 2, Rawdat Aba El-Herran, Azghawa, Al Khor, Um Qarn, Rawdat Al Hamama, Jeryan Junaihat, Al Sailiya, and Ain Khaled.

Commenting on this growth, Dr. Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera, said:
“Our increase in sales and net profit is a result of careful planning and an ambitious expansion plan that has been underway since 2014. In addition to supermarkets, Al Meera’s modern branches will include a variety of restaurants and much more. Adhering to our motto ‘Your Favourite Neighbourhood Retailer’, this growth is in line with the Qatar National Vision 2030 to develop areas within the state and provide them with integrated services.”
These new branches come as part of Al Meera’s expansion plan to serve all areas in Qatar, answering the communities’ needs and providing competitive prices in all its branches. All new malls are being built according to the highest international standards, with contemporary interior design and modern lighting.
- Ends-

publié le 23 February 2013

Al Meera set to open first Géant Hypermarket on 24 February

[#Al Meera Consumer Goods Company (Q.S.C.) ,today announced the opening of the first Géant hypermarket at Hyatt plaza on Sunday, the 24th of February.#]

The opening of Géant hypermarket follows an agreement signed between Al Meera Consumer Goods Company (Q.S.C.) and French retailer Casino to develop a network of hypermarkets and supermarkets under the Géant banners in selected Middle East countries.

It may be recalled that Casino, Al Meera (through Al Meera Holding Company W.L.L.) and Retail Arabia had earlier signed a sub-franchise agreement allowing Al Meera Holding (its affiliate and/or group companies) to develop and operate hypermarkets and supermarkets under the Géant and banners in Qatar and Oman.

The Géant Hypermarket at Hyatt Plaza promises to offer highly competitive prices to the Qatari market along with a surprise that will be revealed on the day of the opening.

Géant Hypermarket with its array of products, customers can be assured of a shopping experience never felt before. With the breadth and visibility of its fresh food offerings, creation of an attractive, dramatic sales environment, pertinence of its non-food offerings (textiles, decor, lifestyle, electronics, etc.), transformation of the surrounding shopping centers into modern, welcoming, friendly spaces, and many more, Géant Hypermarket promises a fun-filled and comfort shopping.

The Géant Hypermarket will adhere to the strict international standards to ensure product(s) freshness, by selecting professional suppliers who are able to follow high standards and specifications and are able to supply fresh product in quantities with regularity.

Special emphasis has been given to widen the products range to provide more choice particularly to increase the interest and the attraction of the expat population (meat, cheese, dairy product, fish, bakery and vegetable) and also to provide more choices for local people.

The first Géant hypermarket in Qatar will reinforce the presence of the Géant and banners in GCC countries - where Géant is already a leading retailer with more than 10 stores in operation in the United Arab Emirates, Kuwait and Bahrain.

publié le 29 July 2011

Al Meera to Acquire Giant Stores

Press release

[# In a move to further bolster its market presence in line with its expansion plan, Al Meera Holding LLC announced a preliminary agreement with the Saudi-owned Al Muhaidib Group, the current owners of the Giant Stores in Qatar, to acquire all the outlets in the country. The deal includes the acquisition of the Al Oumara Bakery Company, also owned by Al Muhaidib.#]

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Signing Ceremony -

[#“This acquisition puts us at the very top position in the Qatari retail market,” said Dr. Mohammed Al Qahtani, Deputy CEO of Al Meera. “Giant Stores is a well-known and resilient brand here in Qatar; even in the face of unprecedented competition, the chain managed to keep and expand its market share. We are proud of this deal, and moreover, delighted that the excellent and talented Giant Store staff will become part of the Al Meera family.”

Giant Stores has been operating in Qatar since 2003 and runs four stores, with the main branch at the Hyatt Plaza with an area of 13000 square meters. Other branches are located at the Airport Road (750 sqm), Al Mirqab (1500 sqm) and Umm Guwailina (1500 sqm). A fifth supermarket store will be open during the month of Ramadan.

The deal, which is worth close to 350 million Qatari riyals in additional revenue for Al Meera Holding, will see Al Meera operate hypermarkets for the first time:

“This acquisition marks our first step on the way to break into the hypermarket format operation in Qatar,” said Guy Sauvage, Al Meera’s Chief Executive Officer.

Through this acquisition Al Meera Holding will increase by 50% its sales area, jumping from 28,000 square meters of retail space to 45,500 square meters.

Both Al Meera and Al Muhaidib have agreed to the terms and conditions of the acquisition and a final announcement will be made after meeting legal and regulatory requirements.

This deal is part of Al Meera’s aggressive expansion strategy to remain dominate in the Qatari market for more competitive pricing and to ensure access to all residents of the country to Al Meera retail stores. The chain is expected to add another 200,000 square meters of retail space in the next few years, and with the purchase of Giant Stores, Al Meera moves closer to its goal. Furthermore, with focus put on customer service, visitors to the retail stores will enjoy a pleasant experience while shopping for their household goods.

“The Board of Directors believed that the Giant Stores acquisition was in-line with our strategy,” added Dr. Al Qahtani. “It is also compatible with our vision to become the ‘favourite neighbourhood retailer,’ meaning Al Meera will continue with its unparalleled customer service and product offerings.”#]
For more information, please visit www.almeera.com.

publié le 10 November 2013

Al Meera to build 7 new malls With Al-Aliaa and Al-Muftah companies

presse release

Al Meera Consumer Goods Company (Q.S.C.) has signed a blanket agreement with Al-Aliaa Trading and Contracting Company and Al-Muftah Trading and Contracting Company to build 7 new malls.
The agreement was signed by Mr. Guy Sauvage, Chief Executive Officer of Al Meera, Eng. Ayman Khaled Mahmoud, Managing Director of Al-Aliaa and Mr. Ibrahim A. Al-Muftah, Managing Director of Al-Muftah.

The signing ceremony at Al Meera head office was attended by Mr. Ahmed El Gioshy, Projects Director, and Mr. Christopher Mottram, Director - Assets & Property Management from Al Meera side, Eng. Mohammed Balaawi, Projects General Manager of Al-Aliaa Company and Mr. Kanada Mannangi, Manager of Contracting Division of Al-Muftah Company.
According to the agreement, Al-Muftah Company will build 3 new stores for Al-Meera at Rawdat Ekdeem (land area 10506 sqm), Al Azizia (Land area 3250 sqm), and Zakhira (land area 8375 sqm), while Al-Aliaa (ATC) will handle the construction of the other 4 malls of Al Meera at Al Wajba (land area 9082 sqm), Muaither (land area 4912 sqm), Al Wakra (land area 10673 sqm), and Al Thumama (land area 7403 sqm).
On the occasion, Mr. Guy Sauvage, CEO of Al Meera said: “we are pleased to sign this agreement with Al-Muftah and Al-Aliaa companies, the two leading companies in their field, to support our expansion plan. The progress of Al Meera will benefit all in Qatar, shareholders and consumers, especially that Qatar was and will remain the major market for our retail company”.
He also added: “The goal of our expansion is to make everyone very close to Al Meera stores everywhere in Qatar before the end of next year. Al Meera will continue in rehabilitating its old branches and maintaining them to fully transfer to the new innovative concept. This new modern and contemporary concept is designed by international companies and will meet the Qatari market requirements”.
From his part, Eng. Ayman Khaled Mahmoud, the Managing Director of Al-Aliaa, praised Al Meera strategy to be the favorite neighborhood retailer in Qatar.
“Building new retail stores is very important to serve all areas in Qatar. Al Meera, within its expansion plan, will add branches to the various areas of Qatar to reach all consumers. We are really proud of this agreement and cooperation with Al Meera and we are happy to help serving the biggest number of consumers, locals and residents, in the country”.
Ibrahim A. Al-Muftah, Managing Director of Al-Muftah, valued Al Meera new concept of malls and modern construction.
He said “the expansion of Al Meera in Qatar through modern and contemporary buildings reflects the ambition of the company in enhancing a new concept of shopping, suitable for all shoppers’ needs. We are ready to cooperate with Al Meera and support it with our expertise to build new branches with modern designs inspired by Qatari heritage”.
The signing ceremony was held in presence of representatives from the two consulting companies of the 7 malls’ project: Mr. Mohamed Abdel Aziz, Chief Executive Officer of CEG International, and Mr. Mohamed El-Gebaly, Managing Director of ACE Consulting Engineers.

publié le 29 April 2012

Al Meera’ Consumer Goods Company’s (Q.S.C) first quarter 2012 gross profits surge over 90%

press release

[# Al Meera’ Consumer Goods Company’s (Q.S.C), announced further double digit profits in their first half year results for 2012, in continuation of the extraordinary growth that the firm has been recording ever since their expansion strategy kicked into full gear late last year.#]

[#The company reported 80% growth in its net profit for the first three months of 2012 to QR 23.09 million, thanks to higher sales earnings. Sales jumped 59% to QR 351.45 million while the cost of sales rose 54% to QR 297.16 million, resulting in a 91% jump in gross profit to QR 54.29 million.

JPEG - 24.9 kb
Dr. Mohammed Nasser Al Qahtani

Income from shop rentals was up QR 7.93 million, a 15% rise, and other income increased by 17% to QR 9.23 million, translating to a 66% increase in operating income to QR 71.46 million. General and administrative expenses increased by 48% to QR 40.31 million and the company sustained a finance cost of QR3.08 million.

Total equity stood at QR226.38 million on a capital base of QR100 million and earnings-per-share was QR2.31 at the end of March 31, 2012.

“Our increasingly aggressive expansion strategy has translated into excellent financial earnings for the company and its shareholders,” commented Dr. Mohammad Nasser Al Qahtani, Deputy CEO of Al Meera Consumer Goods Company. “Of course, this will only drive the company to carry on with its plans to which everybody – shareholders, customers, and all general stakeholders – will benefit from.”

For more information, please visit www.almeera.com.#]

publié le 29 April 2016

Al Rayan Investment Acts as Sole Listing Advisor for Qatar First Bank

press release

Al Rayan Investment LLC, a Doha based Shari’ah compliant investment firm, and a wholly-owned subsidiary of Masraf Al Rayan, has successfully advised Qatar First Bank (QFB) on its debut listing on the Qatar Stock Exchange (QSE).

Al Rayan Investment acted as the “Sole Listing Advisor” for QFB, a leading Shari’ah compliant bank based in Qatar, which offers investment opportunities and innovative financial solutions with local, regional and international reach. The listing on the domestic bourse is a landmark transaction, which marks several significant milestones including: (i) the first new listing on the QSE in 2016; (ii) the first Qatar Financial Center licensed entity to be listed on the QSE; (iii) the first private sector entity to be listed on the QSE in six years; (iv) and the first bank to be listed on the QSE in nine years.

Commenting on the listing, Mr. Haithem Katerji, Chief Investment Officer of Al Rayan Investment, said:
“This transaction demonstrates not only Al Rayan Investment’s leading position in the Qatari market, but also our strong execution capabilities, tenacity and professionalism for successfully completing strategically important transactions for our clients. We remain committed to fulfilling our clients’ investment banking needs as their “trusted advisor”, by adopting a partnering approach and leveraging our knowledge of the local regulatory requirements”.

Mr. Ziad Makkawi, QFB’s Chief Executive Officer, said:
“Our listing on the QSE was always a top priority, and we are proud to deliver on this promise to our shareholders who have supported us all these years and to the Qatar market in general. The listing represents another significant milestone in the Bank’s quest to grow, expand its offerings and provide a ‘Signature of Excellence’ to its clients”.
Mr. Makkawi added:
“Al Rayan Investment worked closely with us to understand our strategic requirements and goals as well as our shareholders objectives and managed the transaction through an intense process to ensure seamless execution within a short period of time.”

QFB will be listed under the Banking and Financial Services Sector on the QSE with a share trading symbol “QFBQ” as announced by the QSE. The guiding trading price for the first day of trading will be QAR 15.0 per share with a price fluctuation limit of 30% up or down, which will be permitted only for the first day of listing; however, on the second day and thereafter a price fluctuation limit of 10% up or down will apply as is the case for all other listed companies.

Mr. Katerji added:
“We believe QFB’s listing will pave the way for other listings on the QSE, including Al Rayan Qatar Exchange Traded Fund (Al Rayan ETF), the first exchange Traded fund in Qatar, which is expected to be launched in the coming months. Al Rayan ETF is expected to further contribute to the development of the local capital market by improving market depth and liquidity”. Mr. Katerji also commended the dedication and support provided by various regulatory authorities for facilitating the listing process.

About Al Rayan Investment
Al Rayan Investment is authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) and has a leading track record in financial advisory and asset management. Within financial advisory, Al Rayan Investment provides a broad range of capital markets, M&A and corporate finance advisory services. While, Al Rayan Investment’s asset management division manages over QAR 3 billion of client assets which are invested in GCC listed equities, sukuk and money market instruments. Al Rayan Investment recently won the coveted ‘Qatar Asset Manager of the Year’ MENA Fund Manager Performance award in 2016 for the third consecutive year, underscoring its leadership in asset management and its rigorous investment discipline. The Asset Management division has been mandated by Masraf Al Rayan to be the fund manager of the upcoming Al Rayan ETF.

About Qatar First Bank LLC
Qatar First Bank (QFB) is one of the first independent Shari’ah compliant financial institutions regulated by the Qatar Financial Centre Regulatory Authority. Launched in 2009 as an investment bank, QFB has since evolved to broaden its offering to combine the best of a private bank with bespoke investment solutions tailored for the protection, preservation and growth of wealth. QFB has a diversified shareholder base of prominent individuals and institutions from Qatar and the GCC. QFB’s team of professionals have the knowledge and expertise to provide world class, exclusive and cutting edge financial solutions underpinned by the Bank’s commitment to deliver excellence in all aspects of business. www.qfb.com.qa

publié le 23 November 2010

Al Shafar General Contracting announces Completion of Windsor Manor in Business Bay

[#Al Shafar General Contracting (ASGC) announced today the completion of Windsor Manor – a luxury residential tower enjoying a scenic lakeside setting in the heart of Dubai’s corporate hub Business Bay. Overlooking the Dubai Mall and iconic Burj Khalifa, the AED 620 million development by Deyaar has been conceived and designed to seduce the discerning few offering upscale leisure and lifestyle facilities.#]

[#Mr Bishoy Azmy, CEO, ASGC said, “Windsor Manor is a prestigious address that is endowed with exceptional style and comfort. It is all about exclusivity and has a wow factor that makes it a great place to live.”
Comprising a ground floor and 4 parking levels, the 24- storey tower makes its mark on the city’s skyline with outstanding facilities. Its distinctive design and elegant shape makes it an instantly recognizable entity. An integral part of the complex is a landscaped roof deck with superb seating arrangements, a swimming pool, spa, and healthclub. Adding to the building’s appeal is a plush lobby overlooking beautiful water features and an inviting outdoor dining area offering a selection of popular restaurants and cafes. Within close proximity of the tower is a string of retail outlets located on the promenade stretching full length of the lakeside. Mr Azmy said, “Everything we have done is to integrate the building with its fabulous surroundings that enjoys an easy access from Business Bay Bridge.”
Windsor Manor offers residents a choice of 338 luxurious apartments including 1, 2, 3 bedroom and duplex 1 and 2 bedroom units with beautiful lake and landscape views. Brilliantly blending aesthetics with cutting edge technology, it boasts high speed internet and wireless system, state-of-the-art elevators, spacious balconies on every floor, 531 parking lots, district cooling system, video security CCTV system, access control system and fire alarm system. At the same time the tower is designed to be energy efficient.
Work began on the tower in last quarter of 2007 and took nearly two and a half years to complete. The building is now open for viewings (by appointment only). There are already people clamouring to buy into the development with 50% of the project sold out. The handover of the apartments is expected to start within the next few weeks.
According to industry experts property prices are beginning to stabilize lately with only a slight drop in the last few months. Despite the slide, the house price index for Dubai shows a 7% increase in overall house price values year-on-year from Q2 2009 to Q2 2010. Mr Azmy said, “In the last 12 months we have seen the index moving only 1.8% from the average value of 115 index points indicating a measure of stability over the past year. This is mainly because a large number of projects scheduled for completion this year have been delayed. Winsor Manor is a self contained development that offers compelling opportunities for buyers. These days purchasers are not buying to trade but to hold for the long term. Certainly those who buy the property now will be sitting on a huge profit.”
Around 33,000 residential units are expected to be released onto the market by the end of 2010, down from its earlier estimate of 41,000 following project delays or rescheduling. Currently there are 340,000 residential properties in Dubai with an average occupancy rate of 87%.

About ASGC

Brilliantly led by President Emad Azmy, ASGC is a broadly spread organisation well supported by its sister companies. Al Shafar group has over 16 companies under its umbrella providing an array of specialized contracting services and construction materials. Driven by value and quality, the group has been a major player in the UAE building industry for the past two decades and has to its credit over 250 prime projects including landmarks such as Dubai Police General Headquarters, DAFZA Headquarter, UAE Ministry of Public Works and Housing, Dubai Internet City – Phase III, Dubai Studio City, Jumeirah Beach Residence, Golden Mile Residence – Palm Jumeirah and Business Central Towers. The company’s projects range from skyscrapers to residential towers, government buildings, educational facilities, factories and healthcare projects.
For more information about ASGC please visit www.alshafar.com

About Business Bay

Business Bay is designed to be the new centre of Dubai’s commercial district and will soon boast headquarters of some of the world’s most prestigious companies. Centrally located between Sheikh Zayed Road and Al Khail Road, Business Bay is a mixed use development consisting of ample office space, residences, hotels, retail outlets and community space. Covering a total area of 80 million sq. ft., it will include villas, schools, medical facilities and private hospitals, all backed up by state of the art telecommunications. Prime commercial units are available at what is set to be “the” Dubai business address for market leaders.#]

publié le 18 May 2010

Algeria: Alstom launches the first Citadis tramway tests in Algiers

[#Alstom launched the first Citadis tramway tests in Algiers—in the presence of Amar Tou, the Algerian Minister of Transport. The test track in Bordj El Kiffan (in the suburbs of the Algerian capital) is nearly 2 kilometres long#].
[#
The goal of the on-track trials is to test the interface between the rolling stock, the catenary system and the track. Traction, braking and speed performance will also be verified. Testing will be conducted along the entire line as construction is completed and will involve each of the Citadis trainsets ordered by the Entreprise du Métro d’Alger (EMA).

The tramway in Algiers, the first city in Algeria to install a modern tram system, is a turnkey project awarded by EMA to “Méditerrail”*, a consortium headed up by Alstom in 2006. The contract includes the production of 41 Citadis tramways and the construction of a 23-kilometre line with 38 stations. The Algiers tramway will serve the area to the east of Algiers, from the Carrefour des Fusillés (Hussein Dey) to the centre of Dergana, in the eastern suburbs. EMA awarded Alstom two other major contracts in 2008 for turnkey tram systems for the cities of Oran and Constantine. The three contracts were placed with Alstom under the development programme launched by the Algerian government in response to growing demand for public transport.

Its innovative, eco-friendly rail transport solutions have made Alstom Transport the leader in the North African market. To date, a total of 1,382 Citadis tramways have been ordered by 34 cities around the world, while a further 60 cities have new tramway projects in the pipeline.#]

*Méditerrail: Alstom, ETRHB, Todini

About Alstom Transport

[#Alstom Transport develops and offers the most complete range of systems, equipment and services on the rail market, with sustainable transport always in mind. Alstom Transport can manage an entire transport system, from rolling stock to signalling and infrastructure, and offers turnkey solutions. In 2009-2010, Alstom Transport recorded sales of €5.8 billion. Alstom Transport is present in over 60 countries and has 27,000 employees.#]

publié le 1 December 2010

Alstom Grid awarded a €13 million Energy Management order with MEW in Kuwait

Press release

[#Alstom Grid has been awarded a €13 million order by the Ministry of Electricity and Water (MEW) in Kuwait for the modification of the Jahra District Control Center, to implement Alstom Grid’s advanced IDMS, “integrated Distribution Management Solution”. During the course of the project, Alstom Grid will also provide a comprehensive set of support services to MEW, relying on the long established partnership between the two companies.#]

[#In addition to expertise and support, this project will bring to the country a state-of-the-art Energy Management and Distribution System, with latest features of Alstom Grid’s e-terra solution suite. It will become a foundation for a full integration of Smart Grid applications to support Kuwait’s need for greater grid efficiency and reliability.

The project is based on Alstom Grid’s e-terraplatform and e-terradistribution grid management solutions. These suites of applications are developed to meet the operational needs of dispatchers and network operators, and are at the heart of the Energy Management System (EMS) for electrical networks. Alstom Grid has the largest EMS installed base managing more than 60% of the energy flow in the Near & Middle East region.

Mr. Ali AL-WAZZAN, Assistant Under Secretary (AUS) for Supervisory Control Centres and Information System & Supervision and acting AUS for Transmission & Electrical Networks said, "We are impressed by the pro-active way Alstom Grid went about convincing us with the merits of their recommendation and their smart grid-ready solution to increase the efficiency of our network. This is a major step forward in our strategic collaboration with Alstom."

Jean-Michel Cornille, Senior Vice President for Alstom Grid’s Automation Business commented, “We are delighted by MEW’s renewed confidence in Alstom Grid’s leadership in Smart Grid-ready management solutions that respond to fast changing industry challenges for greater grid efficiency, reliability, stability and integration of renewable energy sources into the grid. We look forward to our ever expanding cooperation.”

Project completion is due by September 2013.

About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world. It provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 96,500 people in more than 70 countries, and had sales of over € 23 billion* in 2009/10. (*Pro forma figures)

Alstom Grid, the newest sector of Alstom, has over 100 years of expertise in electrical grids. Whether for utilities or electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to their customers’ projects. Alstom Grid ranks among the top 3 in electrical transmission sector with a sales turnover of approximately € 3.5 billion in 2009. It has 20,000 employees and over 90 manufacturing and engineering sites worldwide. Its four main business areas are Products, Systems, Automation and Service. At the heart of the development of Smart Grid, Alstom Grid offers products, services and integrated energy management solutions across the full energy value chain—from power generation, through transmission and distribution grids and to the large end user.
#]

publié le 7 April 2013

Alstom will supply equipment for HFO-fired steam power plant, in Saudi Arabia

press release

[#Alstom has been awarded a contract to supply equipment for the Yanbu 3 power and desalination plant located on the Red Sea coast in the western part of Saudi Arabia. This will be one of the country’s first supercritical power plants to run on heavy fuel oil. This investment is part of Saudi Arabia’s objective to expand its power generation base while minimising impact on the environment. The contract is worth around €750 million(1).#]

[#Alstom’s part in the contract includes the basic engineering of the power block, advisory services during detailed engineering and procurement, supervision services during construction and commissioning and delivery of main equipment for 5 x 620 MW units including the steam turbines and generators, the HFO-fired(2) supercritical boilers, electrostatic precipitators and the flue gas desulphurization system. The plant is due to enter commercial operation in 2016.

Alstom will supply the equipment to Al-Toukhi Company for Industry, Trading & Contracting, which is leading the consortium in charge of the engineering, procurement and construction (EPC) of the plant for the Saline Water Conversion Corporation (SWCC), one of the leading power and water utilities in the region.

The project is of great significance for SWCC and for Saudi Arabia in general. The plant will produce 3100 MW power to meet the increasing electricity demands as it will supply sweet water and feed the grid in the western part of the country where the cities of Jeddah, Yanbu and the holy cities Mecca and Madinah are located. The balance power and extracted steam will be fed into the associated new Yanbu 550’000 m3/d desalination plant which will be a key supplier of water to the city of Madinah.

“The Yanbu 3 project will add 2700 MW of cleaner high-efficiency power to the Saudi grid and steam to a new desalination plant thanks to our market-leading supercritical technology combined with Alstom’s ability to integrate equipment into complete and complex power projects,” said Andreas Lusch, Senior Vice President for Alstom’s steam business.

Alstom has equipped over 20% of Saudi Arabia’s installed power generation base. Its steam turbine technology also features in Shoaiba – the region’s biggest power plant and aptly called the ‘Giant of the Middle East’. Its environmental control systems in operation at projects like Rabigh IPP, Shoaiba 3 and Yanbu 2 are enabling the country to reduce power plant emissions.

Alstom is the world leader in supercritical and ultrasupercritical steam power plant technology and has already supplied or has under construction over 36 GW capacity globally including projects in South Africa, Germany, Poland, Malaysia and China.

(1) This contract has been booked in fiscal year 2012/13.#]

publié le 22 July 2010

Alstom wins contract worth €58 million for the completion and maintenance of Citadis trams for Tunisia’s capital city

[#TRANSTU, the Tunis transit authority, has awarded Alstom a contract valued at €58 million to supply
16 additional Citadis tramsets and maintenance services for its entire fleet of Citadis trams.#]

[#

The new tramsets are slated to meet growing passenger transportation needs arising from the
extensions of line 1 to “El Mourouj” and of line 2 to “La Manouba”. The 16 additional trams will be
identical to the 39 Citadis tramsets that Alstom delivered to TRANSTU between 2007 and 2009. In
operation since October 2007 on the network’s line 1, the trams carry over 460,000 passengers per
day. Tunis represents the first city in the Maghreb region to acquire the Citadis technology in 2005.
Algiers, Casablanca, Constantine, Oran and Rabat also selected the Citadis tramway range.
Additionally, Alstom will also provide maintenance service for the entire fleet of 55 Citadis tramsets over
a five-year period.
This new order follows the cooperation/partnership framework agreement concerning air, sea, land and
rail transport, which was signed in Tunis on 23 April 2009 between the Ministry of Transport of Tunisia,
Abderahim Zouari, and Dominique Bussereau, France’s secretary of state for transport.

Alstom Transport in Tunisia:

Alstom Transport has a 20-year presence in Tunisia and leads the transport sector with 36 % of the
market. In 2008, Alstom completed electrification work for the extension of the No. 1 tramway line to
“El Mourouj” and has also been awarded a contract for the electrification of the Tunis-Borj Cedria rail
line (Southern suburb of Tunis) by the SNCFT (Tunisian Railways). This contract, which Alstom is
directing as part of a consortium, marks the first phase of the rapid rail network (RFR) construction
project for the greater Tunis region. This contract will also contribute to an improvement in
environmental quality by favouring the use of electricity over diesel power. Additionally, Alstom, as
leader of a consortium comprising Thales and two Tunisian companies, EGMS and Bonna–Tunisia,
submitted in January 2010 a technical offer for the construction of two new lines of approximately 18
km long for the RFR project. This bid which is based on both Alstom expertise in the area of
infrastructure, concerns a depot-workshop, tracks, power supply, catenary line, signalling system and
telecommunications. The RFR will ultimately comprise five lines totalling 85 kilometres. It will have a
capacity of over 20,000 passengers per hour and per line between the suburbs of Tunis and the centre
of the capital.

About the Citadis Tramway:

To date, 1,382 Citadis trams have been ordered by 34 cities throughout the world, and more than 60 additional
cities are planning tramway projects for the coming years. Tramways have enjoyed unprecedented success since
they enable cities, such as Tunis, to develop sustainable mobility, rethink and modernize urban areas, enhance
their architectural heritage and expand their prestige.

About Alstom Transport

Alstom Transport develops and offers the most complete range of systems, equipment and services on the rail
market, with sustainable transport always in mind. Alstom Transport can manage an entire transport system,
from rolling stock to signalling and infrastructure, and offers turnkey solutions. In 2009-2010, Alstom Transport
recorded sales of €5.8 billion. Alstom Transport is present in over 60 countries and has 27,000 employe#]

publié le 6 September 2011

Alstom wins Iraq power plant deal

[#French engineering group Alstom has signed a 66 million euro ($93.7 million) contract with Iraq to build and install a power station in the northern province of Nineveh, Iraq’s electricity ministry said.

The plant should start production by the end of next year, ministry spokesman Musab al-Mudarres said in a statement.

The deal requires Iraq to pay 10 percent of the cost to Alstom in advance and 40 per cent a year after the start of construction. There were no details on when the rest of the cost would be paid.

Iraq’s power infrastructure has been badly damaged by decades of war and sanctions, and 8-1/2 years after the U.S.-led invasion, its national grid still only supplies a few hours of power a day. Intermittent electricity is one of the public’s top complaints.

Iraq’s available power capacity is around 9,000 megawatts, and installed capacity at 11,000 to 12,000 MW, according to Iraqi officials.

Demand during summer, when temperatures frequently exceed 50 Celsius, is estimated to reach 14,000 MW#]

publié le 19 May 2011

Alstom’s Citadis tramway to commence passenger service in Rabat,Morocco

[#On 18 May 2011, Mohammed VI, King of Morocco, inaugurated the new Citadis passenger service between Rabat and Salé, the first urban area in Morocco to operate a state-of-the-art tramway network. The event was held in the presence of Lemghari Essakl, Chairman and Managing Director of the AAVB (the agency tasked with developing the Bouregreg valley), Loubna Boutaleb, Managing Director of “Société de Tramway” (STRS, the Rabat-Salé transport operator), Paul Moneyron, Senior Vice-President, in charge of Africa and the Middle-East for Alstom, Thierry de Margerie, CEO of Alstom Morocco and Thi-Mai Tran, Managing Director of Alstom Transport Morocco.#]

[#In 2008, STRS ordered 44 Citadis tramsets from Alstom. The trams will run on a network of two lines that connect 31 stations and extend over a total of 20 km. The fleet is made up of 19 double tramsets and 6 single bidirectional tramsets, which are scheduled to come into service in summer 2011.

Morocco’s first tramway is notable for its accessibility, its high capacity and the levels of comfort it provides. The double tramsets’ integral low floor - which is level with the platform - and 12 side doors ensure easy access, especially for people with reduced mobility. Each double tramset is 64 m long and has 118 seated places. They can carry between 400 and 600 passengers during rush hour.

These tramways have been specially designed to meet the operational requirements as defined by STRS. They feature tried and tested equipment that is fitted as standard on all tramways and are the result of feedback about all the Citadis tramways currently in service. A number of the elements that make them up can also be customised, such as the design of the driver’s cabin, the livery and the interior fittings. The air conditioning and large tinted glass windows, plus the seating and wide aisles, passenger information displays in French and Arabic, and quiet engine operation have all been designed to ensure pleasant travel conditions. Like the Citadis tramways in service in Barcelona, Paris and Melbourne, Rabat’s trams have been designed so that STRS can provide its passengers with a high-quality transport service that is both safe and reliable.

This transport infrastructure project is part of the programme to develop the Bouregreg valley in response to a growing demand for public transport. It will function as a structural feature for the Rabat-Salé urban area and is symbolic for the country as a whole: commencement of the tramway service will herald the reintroduction of this means of transport, a means which existed in the first part of the 20th century as a tool for developing and modernising the country’s main urban areas.

To date, more than 1500 Citadis trams have been ordered by 36 cities worldwide. In North Africa, Citadis trams have been chosen in all the towns which already have a tramway network or one which is in the process of being built: Citadis tramways have been in service in Tunis since the end of 2007 and in Algiers since May 2011, and are now going to be running in Rabat. Additional Citadis tramsets are in the process of being built for future lines in Casablanca, Constantine and Oran. Furthermore, more than 60 towns and cities across the world have tramway projects in development, with 20 or so in North Africa. Alstom is the world’s second largest transport company and is contributing to the success of the tramway, a means of transport which is helping to develop sustainable mobility, allow urban areas to be redesigned and modernised, while at the same time enhancing their architectural heritage and boosting the influence of cities.

“The commissioning of the Citadis tramway in Rabat highlights Alstom’s commitment to its customers to implement the latest generation of rail equipment, accessible to all, and which also represents a means for the development of the country’s main urban areas,” stated Paul Moneyron, Senior Vice-President, in charge of Africa and the Middle-East for Alstom.

About Alstom

Alstom Maroc helps develop Moroccan infrastructures through three divisions (Transport, Power and Grid) in the context of a long-term partnership based on technology and sustainability. For many years now, the Transport division has been helping to make Morocco’s rail network a viable infrastructure for freight and passenger transport for the future and a key component of the country’s growth and development.

Since 1992, 27 electric locomotives have been delivered to the ONCF, Morocco’s national rail service, along with 20 Prima II locomotives since 2009. Alstom has also helped improve the Moroccan rail network by doubling the tracks on the Fez-Meknes line which has been in service since June 2007, and by modernising the signalling on 900 km of lines and at 67 stations, including the station in Casablanca. Alstom will also deliver 14 very high-speed double-decker Duplex trains that are to be brought into commercial service in late 2015. Alstom’s role in supplying Morocco with innovative and environmentally-friendly transport solutions is also exemplified through urban transport contracts: in addition to supplying Citadis tramsets to Rabat, Alstom has been selected to provide 74 Citadis tramsets for Casablanca. Alstom will also install railway signalling and electrical power-supply systems for the Casablanca tram line.

With a focus on sustainable transport, Alstom Transport develops and offers the most complete range of systems, equipment and services on the rail market. Alstom Transport can manage complete transport systems, ranging from rolling stock to signalling, maintenance and infrastructure, and offers turnkey solutions. In 2010-2011, Alstom Transport recorded sales of €5.6 billion. Alstom Transport has a presence in over 60 countries and employs 26,000 staff.#]

Press contacts:
Saga Communications, press relations
Iqbal El Hitmi - Tel.: +33 (0)5 22 47 05 05 - i-elhitmi@saga.ma
Alstom Transport
Eric Lenoir - Tel.: +33 (0) 1 57 06 18 74
eric.lenoir@transport.alstom.com
Melina Georgitsis - Tel.: + 33 (0)1 57 06 80 01
Melina.a.Georgitsis@transport.alstom.com

publié le 1 April 2010

Alstom: The Citadis tram for Rabat-Sale makes its initial run

[#On 30 March, dynamic tests of the Citadis tram destined for the transport network in Rabat-Sale, the first city in Morocco to install a modern tram system, started. The first of 22 double units manufactured for the Société du Tramway de Rabat-Salé (STRS) made its initial run on a test track located in the Hay Karima district of Sale. The launch of this phase of tests comes in the wake of STRS’s electrification of an initial section of the overhead contact line and Alstom’s delivery of the trainset on 18 March.#]
[#
The goal is to test the interface between the rolling stock, the catenary system and the track. Traction, braking and speed performance will also be verified. Testing will be conducted along the entire network as construction is completed and will involve each of the Citadis trainsets. The agreement signed in May 2008 calls for final delivery during the first quarter of 2011.

These Citadis trams have been specially designed for Rabat-Sale and feature both the proven equipment that is standard on all Citadis trams and a number of customized elements, including the design of the driver’s cabin, the livery and the interior fittings. Alstom’s Design&Styling studio drew its inspiration from Moroccan culture and Rabat’s artistic heritage. The art of Zellige terra cotta tilework, and specifically a pattern used on a fountain at Mohammed V Mausoleum in Rabat, is deployed in a harmonious blend of shapes and colours on the exterior livery. This motif reappears in fresco form on the ceiling of each vehicle and on the fabric used on the seats.

Morocco’s first tram is notable for its capacity. Each double unit offers 118 seats and 12 doors on each side and can accommodate some 500 passengers. The trams are expected to carry 180,000 users each day along a network of two lines that connects 31 stations and extends about 20 km in length. Accessibility and passenger comfort were given especially close attention. The trainsets are level with the platforms to ensure easy access, especially for people with reduced mobility. The seats, glass windows, air conditioning, wide aisles and passenger information displays in French and Arabic ensure pleasant travel conditions. Like every Citadis, the Rabat-Sale trams have been designed so that STRS can offer efficient, safe, reliable and punctual transport service.

To date, 1,382 Citadis trams have been ordered by 34 cities worldwide. Citadis units have travelled over 35 million km and carried more than 500 million passengers since 2000.

About Alstom Transport

Present in Morocco for over 40 years, Alstom is helping to make the country’s rail network a viable mode of transport for freight and passengers in the future and a key component of the country’s growth and development. Alstom has already supplied 27 electric locomotives to Moroccan National Railways (ONCF) since 1992, while 20 next-generation Primas are currently being delivered. Alstom has also helped improve the Moroccan rail network by doubling the tracks on the Fez-Meknes line, in service since June 2007, and by modernizing the signalling of 900 km of lines and 67 stations, including Casablanca station. Moreover, Casablanca opted to obtain 37 Citadis double units from Alstom in November 2009. Alstom is also the designated supplier to provide the TGVTM(1) trainsets for the projected very high-speed link between Tangiers and Kenitra, underscoring its role in supplying Morocco with innovative and environmentally-friendly transport solutions.

As a promoter of sustainable mobility, Alstom Transport develops and markets the most complete range of systems, equipment and services in the railway sector. Alstom Transport is capable of managing complete transport systems comprising rolling stock, signalling equipment, infrastructure and maintenance services. It also offers turnkey solutions. Alstom Transport recorded revenue of 5.7 billion euros in financial year 2008-09, with an increase in orders of 9% over the previous year. Alstom Transport has 27,000 employees and a presence in more than 60 countries.#]
www.transport.alstom.com

publié le 10 May 2011

Alstom’s Citadis tramway begins commercial service in Algiers

[#On 8 May 2011, Algeria’s Transport Minister Amar Tou, and the President of the Algiers Metro Authority
(EMA), Aomar Hadbi, ushered in the start of commercial tramway service in Algiers, the first Algerian city to
possess a modern tram network. Also on hand for the event were Samir Karoum, President of Alstom Algeria,
and Jean-Pierre Gollot, Alstom Transport Deputy General Manager in Algeria, along with Ali Hadad, Président
Directeur Général representing ETRHB on behalf of the Mediterrail consortium1 charged with constructing
and equipping the first tramway line.
#]

[#Exploited by the Urban and Suburban Bus Transportation for Algiers (ETUSA), Alstom’s Citadis tramway runs
on the line’s initial segment, which Mediterrail delivered to the EMA in December 2010. This stretch of the
line, 7.2 km in length, links Bab Ezzouar to Bordj El Kiffan districts in the eastern suburbs of Algiers and
serves 13 stations, from “Bananiers – H Moukhtar Zerhouni - Lycée” to “Bordj El kiffan - Colline Mohous”.
With the completion of two additional sections currently under construction (Hussein Dey– Bab Ezzouar and
Bordj El Kiffan–Dergana), the line will extend 23 kilometres and includes 38 stations along with eight transfer
hubs.

Alstom, the project leader for the Mediterrail consortium, is providing a comprehensive service that includes a
portion of the civil engineering, all the infrastructure (platform, rails, electrification, signalling, ticketing), the
workshop-depot at Bordj El Kiffan and the central command post. Alstom is also supplying the fleet of 41
Citadis trainsets, already delivered in full. In addition, Alstom will be responsible for maintaining the tramway
system equipment and the Citadis tramsets for 10 years.
The Algiers tramway trainsets, were specially designed to meet the EMA’s operating needs and feature both
the proven equipment standard on all Citadis trams, representing years of accumulated Citadis expertise, and
a number of customized elements, including the design of the driver’s cabin, the livery, and the interior
fittings.
Algeria’s first tramway is notable for its accessibility, large capacity, and comfort. The integral low floor and
eight lateral doors ensure easy, level access from the platforms, especially for those with reduced mobility.
Each tramset is 40 metres in length and can accommodate from 300 to 400 passengers during peak travel
times. The air conditioning and large tinted glass windows, plus the seating and wide aisles, passenger
information displays in French and Arabic, and quiet engine operation are all designed to ensure pleasant
travel conditions.

This transport infrastructure project is part of the development programme initiated by the Algerian
government in response to a growing demand for public transport. As a structural feature of the capital’s
policy of expanding eastwards, this project is symbolic for the country, and the reintroduction of trams 50
years after they were phased out will contribute significantly to the development and modernization of
Alstom Transport – 48 avenue Albert Dhalenne – 93482 Saint Ouen Cedex
Algeria’s main conurbations. Thanks to its expertise and know-how, Alstom has also been selected by EMA to
construct tramways in Oran and Constantine.
To date, more than 1,500 Citadis trams have been ordered by 36 cities worldwide, and some 60 additional
cities plan to launch tramway projects in the next few years, including more than a dozen cities in Algeria2.
Tramways are undeniably successful: they help to develop sustainable mobility, provide a means of
restructuring and modernizing the urban area and enhance the architectural heritage of cities, whilst boosting
urban and suburban services.

About Alstom

Alstom Algeria is helping to develop Algerian infrastructures through its three divisions (Transport, Power and
Grid) within the framework of a long-term partnership based on technology and sustainable development.
The Transport division has continually increased its number of permanent employees in the country (to over
600 today) and has established cooperative relationships with its Algerian partners. Like the contract for the
electrification of the Algiers suburban lines for ANESFIF-SNTF3 in 2009, those currently in progress for the
tramways in Algiers, Oran and Constantine on behalf of EMA illustrate Alstom’s commitment to delivering
innovative, eco-friendly solutions to improve mobility within Algeria. Through its contracts and local
investment strategy, Alstom is helping to develop Algeria’s infrastructure and railway equipment thanks to
long-standing relationships that boost bilateral cooperation in transport whilst supporting growth and
employment in the manufacturing sector. To that end, Alstom, EMA and Ferrovial joined forces in November
2010 to create CITAL, a joint venture for tramset assembly and maintenance. Registered with the National
Trade Registry Centre in March 2011, CITAL is set to construct a facility in Annaba, with assembly operations
expected to begin in 2013.
Alstom Transport develops and offers the most complete range of systems, equipment and services in the rail
market with sustainable transport always in mind. Alstom Transport is capable of managing complete
transport systems, from rolling stock to signalling, maintenance and infrastructure, as well as offering turnkey
solutions. During the 2010-2011 fiscal year, Alstom Transport reported sales of 5.6 billion euros. Alstom
Transport is present in over 60 countries and has 26,000 employees.#]
1 The Mediterrail consortium consists of Alstom Algérie Spa, Alstom Transport SA, ETRHB and Todini.
2 Source: EMA
3
ANESRIF: ANESRIF (Agence Nationale d’Etudes et de Suivi de la Réalisation des Investissements Ferroviaires) / SNTF: Société Nationale du Transport Ferroviaire.

publié le 6 March 2011

ALUMINIUM DUBAI, 9-11 May 2011

[#ALUMINIUM DUBAI is the leading exhibition for aluminium products, technologies and investments in the Middle East and the most recent addition to Reed Exhibitions’ portfolio of aluminium events including ALUMINIUM INDIA, ALUMINIUM CHINA and ALUMINIUM in Germany.#]

[#ALUMINIUM DUBAI serves as a regional platform that brings together international industry leaders including aluminium producers, processors and manufacturers of raw materials and end products with aluminium components as well as suppliers of technologies and accessories for aluminium production, processing and refinement.

Launched in 2009, ALUMINIUM DUBAI is being held every two years. On its second edition, ALUMINIUM DUBAI 2011 will feature the Middle East and North African region’s fast growing role in the global aluminium industry as its highlights investment plans of new smelters and expansions of existing regional market players from the Gulf Co-operation Council (GCC) countries.

ALUMINIUM DUBAI 2011 will also gather decision makers from companies operating in the GCC and MENA region that are involved in industries like manufacturing and processing, building and construction, packaging, hardware, automotive and transport, power transmission, factory and machinery production and metal & commodity markets#]


www.aluminium-dubai.com

publié le 29 January 2014

American Express World Luxury Expo Returns to Riyadh

press release

World Luxury Expo is returning to the luxurious Ritz-Carlton Hotel, Riyadh from 28-30 January 2014. The highly anticipated three day event is titled sponsored by American Express and held in association with The Saudi Investment Bank.

HRH Princess Nouf Bint Faisal Bin Turki Al Saud, as Chairperson of Nayyara Exhibitions, will again host the American Express World Luxury Expo in association with The Saudi Investment Bank. The exhibition will showcase selected luxury brands and services, from a broad selection of luxury categories, appealing to a highly discerning and select group of VIP guests.

Nizar Abou Hassan, Director Premium Products Management, American Express Saudi Arabia Limited, said “Our promise to deliver service excellence and world class experiences are showcased in our renewed commitment to supporting the World Luxury Expo in 2014. The dedicated Cardmember’s access lane along with the American Express Salon Prive’ offering new and exclusive experiences to our Cardmembers and guests. We look forward to welcoming our local and international luxury brand partners who will be exhibiting a selection of their most prestigious and exclusive products in one spectacular venue.”

Comments Jihad Slim, Chief Executive Officer at Nayyara Exhibitions, “Nayyara is proud to partner with World Luxury Group to bring The American Express World Luxury Expo to Riyadh for the second year. This is an event which will continue to grow every year for many years to come, with plans for Riyadh to become one of the world’s most important luxury exhibition centres.”

Adel Al Mahboob, General Manager at The Ritz-Carlton, Riyadh, says “We look forward to again hosting the event, which we believe is becoming an annual signature event for Riyadh. The Ritz-Carlton, Riyadh enjoys a pre-eminent address in the capital; originally envisioned as a royal guest palace for visiting dignitaries and heads of state. The hotels’ stately architecture mirrors the extraordinary lifestyle that this event represents.”

World Luxury Expo features carefully selected exhibitors from luxury categories including fine art, high-end jewellery, fashion, hand-crafted time pieces, designer furniture and exquisite table settings, fine dining, luxury executive cars and sports cars, private aviation and luxury travel. All participating exhibitors are recognised within their respective fields, showcasing superior quality and craftsmanship.

Comments Samer R. Al-Rayan, Group Head of Sales, Marketing and Public Relations, at The Saudi Investment Bank, “The Saudi Investment Bank is again proud to be associated with AMEX World Luxury Expo. Our sponsorship yet again demonstrates our commitment to delivering world class banking services and products designed to cater to the affluent lifestyle of the our valued platinum and premium clientele and invited guests who attend the event.”

Toni E. Yazbeck, Marketing Director at Mohamed Yousuf Naghi Motors (MYNM), the exclusive and official importer of BMW, MINI & Rolls-Royce Motor Cars in Saudi Arabia, comments “We are pleased to be a part of World Luxury Expo, an event which enhances our association with luxury and reinforces our status as the world’s leading choice for MYNM BMW Group at a palatial and iconic venue in Saudi Arabia. It is befitting that MYNM BMW Group, which represents the luxury automotive, is taking part.”

Comments Adele Liu of Adele Consulting, the exclusive Representative of Citrus Art and Adele Luxury Art Craft, “We will be presenting ancient relics and artifacts at World Luxury Expo, sourced from the Far East, created using the Cloisonné technique. Cloisonné is an ancient technique for decorating metalwork objects, used in recent centuries using vitreous enamel, and in older periods with inlays of cut gemstones, glass, and other materials. The resulting objects are considered highly desirable and sought after. Adele will also present a customized selection for Middle East clients of delicate Chinese silk, fine teas and a tailor-made collection of collectors’ pieces that are inspired by the ancient silk-road, carrying stunning treasures from the Far East, seen yet again passing through the Middle Eastern world.”

A selection of other luxury goods and services which invited guests can look forward to viewing at World Luxury Expo include Ajmal Perfumes, Nayyara Weddings, Hamilton Grand luxury golf residences at the internationally famous St. Andrews golf course, Evian will be showcasing the limited edition designer bottle collection by Elie Saab, Golden Caviar, antiques and collectors pieces by Asag Art, UBS, luxury accessories by BB Luxury, Porto Design, Kingdom Key Real Estate, organic premium skincare range by Alternatifs, a collection of supercars, and much more…

Those looking to attend AMEX World Luxury Expo in association with SAIB can request an invitation and pre-register online at http://world-luxury-group.com/preregister/riy2014

Following the exposé in Riyadh, World Luxury Expo will continue to Jeddah in March and then Bahrain, Kuwait, Abu Dhabi and Doha in 2014, creating an on-going annual signature series of events in the GCC region.

www.worldluxuryexpo-riyadh.com

publié le 1 March 2015

Annual Investment Meeting (AIM) 2015 to Highlight Investment Opportunities across SME sector

press release

Investments in small and medium-sized enterprises (SMEs) will be a key topic of discussion at the Annual Investment Meeting (AIM) 2015, to be held from 30 March to 1 April at the Dubai International Convention and Exhibition Centre under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai.

AIM 2015 will bring experts and officials from over 140 countries to discuss major topics related to Foreign Direct Investment (FDI), mainly in SME sector.

HE Sultan Bin Saeed Al Mansoori, UAE Minister of Economy that organizes AIM 2015, says SMEs are the cornerstone of any economy, given their huge contribution to the Gross Domestic Product (GDP) as well as employment generation. Hence, it is important to have extensive discussions on SMEs being an incubator for creativity and innovation.”

Speaking about SME scene in the UAE, Al Mansoori said: “SMEs have become a springboard for creativity and innovation, given their economic value addition. Many of the SMEs have grown rapidly attracting a variety of investments, as well as funds and governmental support through bodies like Khalifa Fund for Enterprise Development (KFED) and Mohammed bin Rashid Establishment for SME Development.”

Al Mansouri said that SMEs are essential for accelerating innovation. An SME is established based on an idea, or as implementation of a patent, and keeps developing to become a productive entity. He added: “We support these institutions by providing facilities. This year’s edition of AIM aims to discuss this subject threadbare, and recommend solutions that would be beneficial to the macro interests of the economies in the world.”

SMEs are facing many obstacles, particularly on the funding side, which calls for increased investment. Participants at AIM 2015 will highlight the significance of boosting investments in such institutions, and ways to address barriers to financing, development and investments.

Mr. Dawood Al Shezawi, CEO, AIM’s Organizing Committee, says: “The AIM agenda will include investments in general as well as FDI in SMEs and their integration with the overall financial system. It will also shed light on its financial obstacles and suggest solutions. We hope that AIM will come out with tangible results to strongly support this vital sector.”

The AIM program includes in-depth debates on patents and orientations of investments highlighting preferences of investors and host countries. It will highlight the views of governments, investors and owners of SMEs, with the goal of finding ideal solutions and ideas for developing this important sector.

SMEs have shorter establishment process for foreign investors, as they find ready entities for investments and promotion in large open markets.

“SMEs invest in areas that are not on the radar of bigger investors, and develop themselves to become pioneers with huge potential of further growth, especially if they find foreign markets to sell their products or services,” said Al Shezawi.

AIM 2015 will be held under the theme ‘Sustainable Development through FDI Induced Innovation and Technology Transfer’.

Some specialized reports reveal that SMEs play a key role in reducing unemployment, especially in some developing economies.

It should be noted that many of the SMEs have evolved and grown as a result of innovative ideas of its owners, especially young people. These startup companies are considered centers for innovation and creativity to support the economy, particularly as their activity is concerned with the needs of the community.

In addition to the challenges of financing, SMEs are facing obstacles related to selling in foreign markets, in light of competition from larger companies, or in light of obstacles preventing them from entering new markets.

Product development is also a challenge, since these facilities may lack the necessary mechanisms for developing its products, or they might lack expertise or market research, or lagging behind in technological advancement.

Lack of funding is one of the obstacles facing the SME sector, as they are unable to develop their products or expand business. Here is where the role of FDI comes in.

publié le 3 February 2015

Annual Investment Meeting 2015 focuses in Foreign Direct Investment based on Innovation and Technology Transfer to achieve sustainable development

press release

FDI Projects are key means to continue development of local skills and provide sustainable job opportunities says 5th AIM 2015

Dubai, UAE, 28 January 2015: The fifth edition of the Annual Investment Meeting (AIM) organized by UAE ministry of Economy from 30 March - 1 April 2015 at the Dubai international Convention and Exhibition Center is being held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on the theme "Sustainable Development through FDI Induced Innovation and Technology Transfer". This theme supports the national innovation policies in line with the comprehensive National Innovation Strategy of the UAE with the goal of making the UAE one of the most innovative nations in the world within seven years. The strategy embraces in its first phase 30 national initiatives for achieving a top rank in innovation, especially after that the UAE was named the most innovative Arab nation in 2014.

HH Sheikh Mohammed remarked while announcing the strategy that innovation is driven by effective institutions, strong policies, specialised skills, and an economy where all sectors work together to discover new ways to conduct business. A flexible and creative economy based on a national culture of innovation is the fastest and most sustainable way to reinforce the UAE’s competitiveness on a global level.

The Dubai Strategy launched last December clearly lists the key drivers of sustainable development, the most important of them being innovation.

Today, the current annual investment in innovation is around AED14 billion in the UAE, of which AED7 billion goes to research and development; but spending is expected to rise significantly in the years to come.

Sustainable development means from a broad perspective, developing the right mix of economic, social and environmental policies for the present and future. However, foreseeing the future is not easy, and this is where the importance this year’s AIM’s theme is visible, as it relates to achieving sustainability through quality investments based on innovation and technology transfer.

A deeper look shows that we can spot the similarities between the developed and the developing economies. The developing countries seek to benefit from the expertise of the developed countries, as seen in the waves of economic development policies in Western Europe. The United Kingdom is a good example of this: it saw gradual decrease in industries of steel and coal in the seventies and eighties which has led to put in place a strategy based on FDI, which focused on attracting people of specific skills through the development of the manufacturing sector. The solution adopted at that time actually addressed that high surge in the unemployment rates in some parts of Britain, and it matched with the need for transferable skills to a huge number of laborers who used to commonly work in handicrafts.

With the gradual expansion in the European Union to the East and the priorities given to the developing regions, Eastern Europe benefited by providing a more competitive, skilled and supported laborers base, and Britain started priotising the promotion of what was known as "Knowledge Economy". This drive came generated more new jobs in the UK through collective skills available at that time.

In many cases, the developing economies benefit from this expertise because many of these countries depend on innovation and technology transfer as key drivers of national economic strategies.

The concept of Sustainable FDI is now more important than at any other time in history, because this approach not only attracts foreign investment but also leaves its impact on host countries that benefit from technology transfer through investment.

This topic is very important in the UAE, especially against the huge economic development seen in the past few years, which was largely driven by FDI.

Just as Britain has seen a drop in the competitiveness of its natural resources and manufacturing during the last decades and as a result it shifted its FDI policy, the UAE which also used to depend heavily on its oil reserves moved towards diversifying its economy and thus succeeded in becoming the trade, services, logistics, finance and tourism hub of the region.

The UAE has a far sighted vision and it values the concept that continuous development of services, manufacturing should be based on technology and innovation to be sustainable.

The UAE has ambitions to become the leading technological hub in Europe, Middle East and Africa and to accomplish this it needs technology transfer that FDI can provide. The UAR FDI-driven economic strategy attracted higher quality and value added investments and policy makers are now more aware of the importance of developing local skills and nurturing them not only through FDI but also through proactive internal innovation.

AIM 2015 is rooting for a sustainable economy and society, and also seems to blend technology transfer with local innovation. This will also trigger the use of FDI projects as a means to continue the development of local skills and providing sustainable job opportunities for coming generations.

Sustainable FDI and economic policies that encourage innovation and technology transfer through FDI will be the key topics that will be discussed at the 5th AIM that is expected to attract more than 500 exhibitor companies from 140 countries. It will also display products, services and projects from industries like agriculture, aviation, basic commodities, trade, construction, education, research centers, energy, financing, financial services, free zones management, insurance, government, healthcare, investment in basic infrastructure for IT communications, legal, logistics, pharmaceutical, marine industries, mining and real estate development, tourism and hospitality, transportation and waste management.

publié le 7 December 2011

Another Success For Qatar:al khaliji’s Investor Relations’ Website Ranks Number 1 Across The Middle-East

[# As investors await the decision of Morgan Stanley Capital International (MSCI) on whether it upgrades Qatar from “Frontier” to “Emerging” market status, the announcement of the KWD Middle-East Webranking Survey’s results sent a strong signal on the commitment to transparency and best disclosure practice of Qatar and MENA’s listed companies.#]

[#

  • Global Financial Communications and Investor Relations firm KWD ranks al khaliji as top Investor Relations’ website for all publicly listed companies in the entire Middle-East
  • The ranking acknowledges al khaliji’s Board and Management commitment to transparency and best stock market practice
JPEG - 19.9 kb

This commitment is especially marked by al khaliji, which took the top ranks in transparency and best online Investor Relations (IR) practice across the entire Middle East region.

After having ranked number 2 in the MENA region in 2010, al khaliji’s website emerged this year as the overall winner among the region’s 138 largest listed companies from Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the UAE. Also, for the third year in the row, al khalij’s website was ranked as number 1 among all Qatari listed companies.

The Bank was presented with the award on December 5, 2011 during a seminar entitled “Success in digital Investor Relations” organized by KWD and M:Communications in Dubai.

“We are delighted to come out on top of KWD’s annual survey” commented Mr. Robin McCall, Group Chief Executive Officer of al khaliji.

“Middle-Eastern publicly listed companies are reputed to have a low level of transparency and to show less information compared to companies in other parts of the world. However, at al khaliji, we have focused on being as transparent and informative as possible with our website. Our shareholders, investors, analysts, and customers confirm that our website is their first destination when seeking information about the Bank, and we are proud to be recognized for this achievement”.

In its annual review, KWD Webranking’ survey looks at websites on 140 criteria that are assessed by regional and international analysts and investors to identify the websites that share the most investor information. In addition, the survey covers information available for investors, analysts, fund and asset managers for the 900 largest companies by market cap in more than 40 countries.

All 900 companies’ websites are ranked at least twice by two different consultants.

Charbel Cordahi, Head of Investor Relations, and Pauline Bejjani, Investor Relations Officer represented al khaliji at the awards ceremony.

“Having a strong IR website is very important for publicly listed companies: investors always place a premium on IR communication, the most cost-effective way to provide a large audience with all information they need. A best practice IR website helps as well to comply with regulations: it shows adherence to the principle of equal access and is an excellent compilation for investor related information” said Christiaan de Beer, al khaliji’s Group Chief Financial Officer.

al khaliji’s online IR strategy serves both professionals and retail shareholders, covers financial and non-financial information, and provides the information in a timely manner with updates about the strategy, overview of past events, and summarized essential share and dividend information.

De Beer commented on the online strategy’s impact:
“Achieving a fair market valuation – reflected in the share price – is one of IR’s main goals . At al khaliji, we know that a good IR website helps managing expectations in relation to current and future performance and assists IR achieve its objectives of heightened company profile, easier access to capital, more liquidity in shares, and a fair share price”.

McCall concluded by congratulating the Investor Relations team for their achievement and dedication and said:
“We are delighted to see that our efforts to implement a higher degree of transparency via our website have been recognized for the third year in a row by KWD. We are proud to see al khaliji taking the lead among the region’s largest listed companies and wish this will positively impact MSCI’s awaited decision for the upgrade of Qatar from Frontier to Emerging market status”.

al khaliji’s award-winning website can be found at www.alkhaliji.com.

about us

al khaliji is Qatar’s pioneer ‘next generation bank’ offering a full range of conventional banking products and services to retail, business, corporate and institutional customers.

Al Khaliji France is our subsidiary in Paris, France with a network of branches in the UAE covering Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi. This branch network offers customers and businesses local, regional and international banking services. 

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011.
At al khaliji we believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners.
While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of people and the preservation of natural resources. 
Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.
#]

publié le 31 August 2014

Appointment of New Group Chief Executive Officer at al khaliji

Press release

Al Khalij Commercial Bank (al khaliji) Q.S.C. announced the official appointment of Mr. Fahad Abdulla Al Khalifa as Group Chief Executive Officer

In making the announcement on behalf of the Board, H.E. Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director, acknowledged Mr. Al Khalifa for his achievements and experience.

"Mr. Al Khalifa’s skills and career history match the aspirations of al khaliji bank. Having wide banking experience, he has demonstrated commitment to the banking sector in Qatar, gaining the trust and appreciation of the board. We are confident Mr. Al Khalifa’s appointment, as al khaliji Group’s CEO, will contribute to the bank’s capabilities and leadership while strengthening its position in Qatar and the region. On behalf of the al khaliji Board of Directors and al khaliji employees we would like to warmly welcome Fahad to his new position ”.

Al Khalifa is a senior banker with over 20 years of experience, he has held prominent positions in Qatari banks, including Qatar Central Bank and Qatar National Bank (QNB), which translates into knowledge and perspective with regards to the local and regional market. Al Khalifa is a graduate from the Seattle University in the United States with a Bachelor of Science Degree in Finance.

For more information about al khaliji, please visit www.alkhaliji.com.

about al khaliji

al khaliji is Qatar’s pioneer “next generation bank”, offering a full range of conventional banking products and services to premium, business, corporate and international customers in Qatar, UAE and France.

Headquartered in Doha, al khaliji is one of Qatar’s leading banks and a member of the Qatar Exchange since 2007, with QR 48.3 billion in total assets and QR 25.3 billion in customer deposits as of June 30, 2014.

Al Khaliji France is al khaliji’s subsidiary in Paris, France, with a network of branches in the UAE covering Abu Dhabi, Dubai, Sharjah, and Ras Al Khaima. This branch network offers customers and businesses local, regional and international banking services.

al khaliji products and level of service reflect the Bank’s belief that to be a successful financial institution, the Bank must meet the needs of both this generation and future generations of employees, customers, investors and business partners.

al khaliji was awarded with a positive Fitch Rating. With a Long Term Issuer Default Rating of ‘A’ and a Short Term Issuer Default Rating of ‘F1’, this facilitates streamlined access to resources all over the globe.

Achieving financial objectives is critical to sustaining prosperity in any market, at al khaliji long-term sustainability is maintained by balancing the commitment to achieving results with the commitment towards the development of people and the community.

Visit www.alkhaliji.com and www.alkhaliji.fr to discover the latest ‘next generation bank’ news and information.

publié le 18 December 2012

AQ UAE launches first-ever Exclusive Gold & Diamond jewelry brand Hand Made in Dubai.


The Origin:

Inspired by the purity of Diamond, the precious of 18kt Gold and the smart Elegance from France, Aq uae is exclusively hand made in Dubai under High-End Quality demands.

The story:

Aq uae is playing between the words “Aqua” as a drop of water referring to the clarity of Diamonds and UAE as Made in Dubai. It’s also part of the creator’s family name “Acquaviva” which means Alive Water in rough translation.

The collection:

This is an ideal gift to make any occasion exclusive, “Diamonds are a girls’ best friend” (Marylin Monroe).
Four lines translate the roots of Aq uae around the bracelets’ universe:

  • The first line “Sur un fil” is purely designed to follow the contemporary luxury codes based on refinement. Declined in 1, 2 or 3 diamonds with a large variety of fashionable color bracelets for daily wear or full gold chain for the evening to make everyone finding a jewelry matching their own taste.
  • The second line “Paris Dubai” is a journey for modern women looking for trendy jewelry. The curved shape of the diamond pave setting is fitting perfectly our wrist and the versions in yellow and white gold are the perfect combinations to wear all at the same time.
  • The Third Line “Charms” is offering a range of symbols to reflect its own personality or a key moment in life. Feel free to combine several bracelets to make your jewelry unique.
  • The last but not least “My first diamond” is dedicated to our lovely kids, so precious from our eyes that we want to afford them the best and what a better gift for the eternity than a first diamond.

About Karine Brunel-Acquaviva:

Karine comes from a family with three generations linked to the watch and jewelry industry in France. Post graduated from a well-known business school in Paris, she has collaborated for more than 10 years with leading luxury international groups before moving to Dubai in 2008.
A creative and entrepreneurial person, Karine had a dream to create a jewelry brand inspired from Paris to Dubai, thus, Aq uae is born!

publié le 22 April 2012

Arab Business Club First Middle East Freezone Meeting 2012, Dubai

[#The Middle East Free Zone Meeting aims to be the foremost annual gathering of regional and international business leaders, top industry players, decision makers and their global counterparts.
#]

[#Who Should Attend:
CEOs, Free Zone Authorities, Business Owners, Top Management Executives and Arab Business Club Members

Some of the Confirmed Attendees from Free Zone Authorities:

1. RAK Offshore
2. Dubai Maritime City Authority
3. Twofour54
4. Dubai Technology and Media Free Zone Authority
5. Abu Dhabi Airport Free Zone
6. Ministry of Economy
7. Sharjah Airport International Free Zone Authority

Why Attend:
• Learn about the impact of Free Zones to the economic development of the Arab World, from the perspective of industry players.
• Get in-depth insight into the economic relevance and implications of Trade Agreements between regional Free Zones and the West.
• Discuss challenges, opportunities and the 2012 outlook for Free Trade Zones.
• Examine and analyze how regional Free Zones can strategically complement each other.
• Get expert opinions about the best business practices for companies operating in Free zones.
• Benefit from networking opportunities that can enhance your trading opportunities and build trustful relations.
• Interact with Free Zones Authority to learn about how to set up business in the Free Zones or expand business in the Arab World.

The event will run from 7:00 pm to 10:00 pm with dinner at 9:00 pm.

Dress Code: Business or National Attire

Registration:
Kindly register by sending the following information to events@arabbusinessclub.org:

ABC Members:
• Name
• Membership Number

Non-Members:
• Name
• Title/Designation
• Company Name
• Mobile Number
• Email Address

Payment:
Payment can be made through Pay Pal or Bank Transfer. Payment fee is as follows:
For Arab Business Club Members: FREE

For Non- Members: AED200#]

publié le 14 September 2013

Arab Business Club Health Care Event, Dubai 2013

The Arab Business Club 1st Annual Health Care Event aims to be the foremost annual gathering of Business Owners, C level management Hospitals, Health Ministries, Health Care providers Hospitals, Pharmacies, Doctors, Medical Suppliers, Medical Universities, and Medical HR.

The program for the 2013 Health & Care Event is designed to provide an unrivalled platform for the world’s leading manufacturers, wholesalers and distributors to meet the medical and scientific community from the Middle East and beyond.

EVENT DETAILS:
Date: 25th September 2013
Venue: Dubai, UAE
Dress Code: Business or National Attire.

TARGET AUDIENCE: Business owners and C level management Hospitals, Ministry of Health, Health Care City Hospitals, Pharmacies, Doctors, Medical Suppliers and Medical HR

EVENT HIGHLIGHTS: Interact with business leaders from different healthcare industry. Benefit from networking opportunities that can enhance your trading opportunities and build trustful relations.
Discuss advanced medical technologies, investment opportunities brought by Health Care City Free Zones and Dubai rising to be the Middle East’s Medical Centre.

Explore the opportunities to market and promote your business to business people. Share experiences and present point of view with health care sector.

Keep up-to-date with business opportunities and new medical technology.

EVENT PROGRAM:
7:00 P.M. Registration and Networking
8:00 P.M. Welcome Speech by Arab Business Club President, Mr. Hamdan Mohamed Al Morshedi
8:05 P.M. Speech by: Dr. Reem Osman, Chief Executive Officer ,Saudi German Hospital - Dubai

"Advanced Medical Technologies"

8:15 P.M. Speech by the Guest Speaker
8:25 P.M. Q & A from the attendees and media
8:35 P.M. Buffet Dinner and Networking
10:00 P.M End of the Event

For more information and to register please contact: health@arabbusinessclub.org, Mobile: +971559687167, Office: +97143583000

REGISTRATION: Kindly register by sending the following information to events@arabbusinessclub.org:-
ABC Members:-• Name-• Membership Number
- Non-Members:-• Name-• Title/Designation-• Company Name-• Mobile Number-• Email Address Payment:-Payment can be made through Pay Pal or Bank Transfer.

Payment fee is as follows:
Arab Business Club Members:
Corporate, Elite and Premium, standard - AED 200

Non- Members:

AED200 for registration paid before 30th of August
AED500 for registration paid after 30th of August
AED800 after 12th of September
AED1500 on the date of the event.

  • Fees once paid will not be re-funded, registration is not transferable
publié le 28 August 2012

Arab Business Club Networking Event- 10 september 2012

[#The German Emirati Joint Council for Industry & Commerce (AHK) and American Business Council of Dubai & Northern Emirates

cordially invite you to the

3rd Inter-Business Council Networking Event "BACK TO BUSINESS"

Date: Monday, 10th September 2012
Time: 6:30 PM - 9:30 PM
Venue: Jumeirah Creekside Hotel

FREE for Arab Business Club members
Non-members: AED 50 (cash/credit card at The Arab Business Club stand)

Including complimentary canapés, courtesy of Jumeirah Creekside Hotel and free valet parking for all guests.

For information and registrations kindly contact Anna, e-mail: Annabelle Crisostomo events@arabbusinessclub.org or call 04 358 3000
latest by September 6th 2012.#]

publié le 2 February 2013

Arab Business Club’s Delegation Visit to Thumbay Group

[# Keen on providing its members with the greatest opportunities and opening the doors for promising and lucrative business opportunities, Arab Business Club , the region’s premier community for investors, business leaders and decision makers, organized on January the 29th its first delegation visit for the year 2013. The delegation, comprised of chosen members, visited Gulf Medical University ’s Campus and attended a reception, presentation, site tour and lunch all prepared by Thumbay Group of Companies with the attendance of its founder and president, Mr. Thumbay Moideen.#]

[#

The visit started at 11 AM with a cocktail reception that saw the club members and Thumbay’s executives networking and exchanging opinions and ideas.

The receptions was followed by a seminar in one of the university’s amphitheaters, The seminar opened by a speech by Mr. Hamdan Mohamed Al Morshedi, president and chairman of the board, Arab Business Club , who said: "Delegation visits are one of Arab Business Club ’s traditional activities that have proved to be exceptionally useful in bringing our members together and introducing them to market-leading players and decision makers. This is only the first visit of several delegation visits planned for our members throughout 2013."

"Today we are visiting THUMBAY GROUP OF COMPANIES, a business conglomerate headquartered in Ajman, United Arab Emirates. The group has progressed vigorously over the years and is managed by highly experienced professionals headed by the group’s President Mr. Thumbay Moideen, A man of vision and dynamism, with a determination to succeed. I want to thank you all for coming and thank our gracious host and I promise you an exciting year full of business-generating events and activities with Arab Business Club ’s ambitious plan for the year 2013," he concluded.

The floor was given then to Mr. Thumbay Moideen, founder and president, Thumbay Group of Companies, who thanked the delegation for their visit saying: "It’s an honor to welcome you into our campus and we I want to thank my friend Hamdan and Arab Business Club for organizing this visit."

" We are always looking forward towards expanding our business and the reason we are having this meeting with Arab Business Club members is to explore the prospects of cooperation and the expansion opportunities that we might find both locally and regionally. Thank you again for your visit and I hope that you enjoy your visit to this university which is we’re extremely proud of." He concluded.
Mr, Thumbay’s speech was followed by a detailed presentation about Thumbay Group and Gulf Medical University in particular, given by Mr. Vinod Abraham, Director of external and international affairs, Thumbay Group, followed by exchanging of gifts of appreciation between Mr. Hamdan Mohamed Al Morshedi and Mr. Thumbay Moideen . An exciting site-tour followed, through which the delegation got

to see first-hand the advanced level of education and training the students are getting in Gulf Medical University .
The site tour was followed by a delicious lunch full of tasty dishes prepared by Mr. Thumbay’s own "The Terrace" restaurant.

About Arab Business Club :

Arab Business Club is a platform that brings together elite businessmen, investors and decision makers from the region and from all over the world, a platform where we bring together investment opportunities and the investors capable of grabbing and seizing them, a platform where the boundaries of culture and language vanish paving the way for prosperous and fruitful businesses and partnerships between prominent Arab businessmen and their colleagues from around the globe.

4 years after establishment -the club was established in 8 August 2008- as a global network with offices in New York and Dubai and carefully selected members, the club now can count more than 8500 members from 27 members, with ambassadors in Bahrain, Oman, KSA, Egypt, Germany, Sweden, UK, Spain, Qatar, Kuwait, Russia, Italy and Tatarstan. The unique services and upscale bespoke activities, the club organizes, will allow you to build important and fruitful business relations, built on credibility, transparency and mutual benefits, will allow you to share your ideas and projects with people who can help see them achieved and will allow you to find the perfect opportunity to invest your money and resources and achieve the success you aspire to.

About Thumbay Group of Companies

A business conglomerate headquartered in Ajman, United Arab Emirates. The group has progressed vigorously over the years and is managed by highly experienced professionals headed by the group’s President Mr. Thumbay Moideen, A man of vision and dynamism, with a determination to succeed.

In the year 1998, Mr. Moideen established the THUMBAY Group, U.A.E. Under his dynamic leadership it went on to achieve tremendous growth, and in the process, provided means of livelihood to hundreds of families over the last decade.

The Thumbay Group has since ventured into Health Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Information Technology, Retail Opticals, Wellness, Hospitality and Real Estate. The group operates today in 11 sectors, employing more than 2200 employees from 175 nationalities.

Photos: Please visit www.arabbusinessclub.org for more photos of this event.

Please confirm your attendancet o events@arabbusinessclub.org or call +971 4 358 3000 or +971 55 968 7167.

To know more about membership, arrange a visit to your company/factory, and our advertising please contact:

Tel: +9143583000 Mobile Kathy : +971559687167 , Anna, +971559687143 or email events@arabbusinessclub.org#]

publié le 1 November 2012

Arab Businnes Club: Meet Taiwan-The Emerging Hub in Asia

[#Taiwan Trade Center Dubai and Taiwan External Trade Development Council (TAITRA) in cooperation with Arab Business Club, cordially invites you to participate in a seminar entitled "Meet Taiwan-The Emerging Hub in Asia" to be held in Al Bader Ballroom at Shangri-La Hotel in Dubai on the 4th of November 2012 at 10:30am-12:30pm.#]

Contact:
info@arabbusinessclub.org
www.arabbusinessclub.org

publié le 27 November 2011

Arab Energy Ministers & the Wind, Solar & Bio community to meet in Jordan

[#Held under the patronage of HRH Prince Asem Bin Nayef; The Arab Renewable Energy Congress on 29-30 November 2011 in Amman, Jordan.

The Arab Renewable Energy Commission will be holding the Arab Renewable Energy Congress on 29-30 November 2011 in Amman, Jordan under the patronage of HRH Prince Asem Bin Nayef. Opened by the Jordanian Ministers of Energy, Environment & Public Works, Ministers from across the GCC and Levant regions have been invited to discuss the development of renewable projects and frameworks.

Joining the discussions are national utilities companies including Saudi Electric Company & the Managing Director of NEPCO as well as renewable energy authorities including NREA of Egypt’s Executive Chairman Eng. Abd Alrahman Salah Eldin.

With dedicated streams on Wind, Solar and Bioenergy, The Arab Renewable Energy Congress and Exhibition will connect government officials and local industries with project developers, technology companies and investors to discuss the region’s existing and future renewable energy projects.
#]

For more information please visit www.greenpowerconferences.com/AREC2011

publié le 3 December 2009

Arab publisher slams western media on Dubai

[#A leading Arab publisher, editor-in-chief and columnist has slammed the western media for its ‘senseless campaign’ against Dubai and its economic difficulties.#]

[#Writing in the English language Gulf Daily News, Anwar Abdulrahman, chairman of Bahrain-based Dar Akhbar Al Khaleej Press and Publishing House, said the ‘vitriolic, misinformed attacks’ launched over the last few days had unfairly tarnished Dubai’s government.

“They violate every basic ethic of level-headed thinking with many previously reputed pens staining their own names in a phenomenal drift of emotion without reason. Their senseless campaign against Dubai has unfortunately rendered them blind to reality,” he said.

Mr Abdulrahman, who last month addressed members of the House of Lords in London at a forum on Bahrain’s human rights movement and freedom of speech achievements, added: “Of course, many individuals have lost fortunes, but when we look at corporate losses, which basically means western banks involved in financing Dubai-based companies, these were simple business transactions or contracts. There was never any guarantee from either the Dubai government or the UAE to bail them out.

“Yet western financial companies willingly lent or invested in Dubai projects for one reason - quick profit - without remembering that if one expects rewards, don’t ignore the risk.”

Mr Abdulrahman said the same media personnel lambasting Dubai today were only two years ago hailing it as a shining example deserving to be emulated by the entire region.

“Reportage after reportage certified Dubai as a symbol of perfect vision and achievement. No one asked, argued or cast doubt on the wisdom of such enormous construction taking place in Dubai, but raced to buy anything and everything for the sake of easy money.

“This was nothing short of rapacity, greed and avarice on a grand scale. Now ’Operation Defamation’ has become their goal,” he added.

“British banking institutions that lent so lavishly to Dubai should remember that in their own country four million housing units are desperately needed. Yet they assumed that the profits from Dubai would be much more, so poured in cash hoping for a bumper bounty.

“Why did such sophisticated bankers not realise that Dubai could not sustain such gigantic growth with its limited population? It is up to them now to pick up the pieces - not Dubai’s government.”

Mr Abdulrahman said Dubai’s government had done much to develop the emirate, from hotels to beaches, shopping centres and tourism, adding that these were working assets since Dubai would remain a magnet for holidaymakers.

“Admittedly Dubai over-invested in this field. What a shame it had no vision to also build up two sectors that always perform in good and bad times - industry and agriculture. But no economy is perfect,” he said.

Mr Abdulrahman said countries like Britain and the US were burdened with astronomically greater debts than Dubai.

“Why are the wolves howling at Dubai when there is ’silence of the lambs’ about their own nations?” he concluded.#]

Tradearabia

publié le 20 January 2013

Arab world’s first sports car to be unveiled at the Qatar Motor Show 2013

press release

[#With the doors set to open for the third edition of the much-anticipated Qatar Motor Show on the 29th of January, the public will be treated to the unveiling of the Arab world’s first high performance luxury sports car, the LykanHypersport 2013.#]

[#
Debbas: “This car heralds in the formation of an exclusive automotive industry in the region.”

Only seven units will be produced of the ultra-luxury hypercar with the price set at 3,400,000 US dollars (12,410,000 Qatari riyals), positioning it as the most exclusive sports car the world has seen yet.

“When we initially set up the company in Beirut earlier this year, our launch event attracted thousands of people from the automotive industry, media, politicians, and VIPs,” said Lebanese-born Ralph Debbas, W Motors’ Chairman and Chief Executive Officer. “Not only did we herald in the formation of an exclusive automotive industry in the region, but I do believe that our first model, the LykanHypersport 2013, raises the bar for hypercars worldwide.”

For car aficionados, the Lykan’s specifications are nothing short of impressive: a flat 6, twin-turbo, mid-rear positioned 750 horsepower engine delivering 1000 NM of torque takes the vehicle from 0 to 100 kilometers per hour in 2.8 seconds to reach the break neck maximum speed of 390 kilometers per hour. To put that in perspective, that’s over 100 km/hr faster than the take off speed of the world’s largest commercial jet – the Airbus 380.

For those that enjoy the finer things in life, the lavishness of the LykanHypersport 2013 takes luxury to a whole new level. Diamond -encrusted LED lights and gold-stitched interior leather guarantee that the passengers travel in style. Other high-level specifications include a reverse door opening system, a state-of-the-art 3D Virtual Holographic Display with Tactile Interaction, and an innovative ID4Motion Interactive Dashboard. Owners will be at no loss of where to go with a 24-hour dedicated concierge service. And as a gift for buying the most exclusive car in the market, owners will be awarded with a Special Edition Cyrus Klepcys Watch, worth over 200,000 US dollars (almost 730,000 Qatari riyals). Like the LykanHypersport 2013, only seven watches will be produced.

“We worked six years with some of the biggest names in the automotive industry to create this revolutionary car,” said Debbas. “Exclusivity, high-performance specs, and luxury – thanks to our partners, we got everything right with the Lykan.”

The list of partners that worked on the development of the Lykan reads like a VIP‘who’s-who’ list in the industry: Magna Steyr Italia (engineering and manufacturing consultants), RUF Automobile (technical consultants and suppliers), Studiotorino (modeling consultants), Viotti (prototype and model manufacturing), ID4MOTION (technology integration developers).

“We only worked with the best in the field, and not by coincidence, a majority of these companies are based in Italy, a country with a proud tradition of producing some of the most iconic sports cars in history,” added Debbas. “And now, through this partnership, not only did we produce a one-of-a-kind car, but also, with great pride, the first exclusively Arab brand of hypercars, an icon about to mark the industry forever”

The first deliveries of LykanHypersport 2013 by W Motors (www.wmotors.ae) are scheduled for September of this year with the car making its first worldwide public debut at the 2013 Qatar Motor Show.
The show will be open to the public on the 29th of January, 2013, and run for five days until the 2nd of February at the Doha Exhibition Center. Run under the theme of ‘Stand Up from the Crowd’, the show will again be co-organized by the Qatar Tourism Authority, q.media Events, and GL events.

More details are available at the show’s website at www.qatarmotorshow.gov.qa, www.facebook.com/qatarmotorshow, and the event’s Twitter feed at @qatarmotorshow.

#]

publié le 24 May 2010

AREVA T§D wins order worth €90M to strengthen power supply in United Arab Emirates

[#AREVA’s Transmission and Distribution division (T&D) has won a major order
worth close to €90M to supply a 400/132 kV Gas-insulated Substation (GIS) for TRANSCO*, a subsidiary of Abu Dhabi Water & Electricity Authority.#]

[#AREVA T&D will deliver a 400/132 kV GIS substation, which will strengthen
power supply for the fast-growing Northern Emirates region. It will be located in
Ajman, where population is expected to jump from 250,000 in 2010 to 2.2 million
in 2030, according to estimates from the UAE Ministry of Economy.
The substation solution also includes the delivery of four power transformers, four
shunt reactors, a digital control system and a telecommunications system along
with protection relays.
The project is scheduled to be completed by 2012.
Karim Vissandjee AREVA T&D’s Chief Executive Officer said: “This success is
another step forward in our ongoing regional development. Our local team is
proud to contribute to a project that increases the availability and reliability of the
power grid, expanding much-needed capacity in the UAE.”
AREVA T&D Executive Vice-President of Systems Michel Augonnet added: “Our
compliant and competitive solution demonstrates the value offered by our local
experts and high-quality products, which have been in place since 2006 as part
of AREVA T&D’s ambitious strategy to grow presence in the Middle East.”#]

publié le 17 January 2010

Armani at the Burj

[#The first Armani brand hotel is expected to be opened by the first quarter of 2009 and is under construction as part of the Burj Dubai development. The Dubai ’Armani Hotel’ will include 175 guest rooms and suites, five restaurants and a spa, covering more than 40,000m².#]

[#
Alongside the hotel, the Burj Dubai will also offer 160 luxury residential apartments all designed by Giorgio Armani and fully furnished with a specially designed line of products from the Armani Casa home furnishings collection.

The schedule of Armani hotel openings to follow Dubai will be Milan, London, and New York along with the first resort. Giorgio Armani said, "This marks the beginning of a new chapter in the Armani story. In this our thirtieth anniversary year, I cannot think of a more energising prospect than bringing my philosophy of style and design to a collection of hotels and resorts.

"Today, more than ever before, fashion has expanded to encompass our way of life, not just how we dress, but where we live, which restaurants we eat at, which car we drive, where we go on holiday and which hotels we stay in.

"I strongly believe that for those people who enjoy the Armani fashion and home furnishings collections there will be a real enthusiasm for the possibility to now stay at an Armani hotel or resort. This continues our ongoing strategy of building the Armani universe into a comprehensive lifestyle brand."#]

publié le 20 February 2011

Around 100 French Companies in Two French Pavilions at Gulfood 2011

Press release

[#The international trade show Gulfood 2011 will be held from the 27th of February to the 2nd of March 2011, at the Dubai International Convention and Exhibition Center. Two French pavilions, specialized by sector, have been organized to welcome about 100 French companies. Hence, about 60 companies will attend the French pavilion dedicated to food, drink and ingredients and more than 40 will attend the French Pavilion dedicated to equipment and processing. The French know-how and savoir-vivre will so be exposed in all its variety to 55,000 expected visitors.#]

[# Organized by UBIFRANCE, the French Agency for international business development, the French Equipment and Process Pavilion will be located in the Zabeel Hall for the equipment exhibits and in Sheikh Saeed Arena for the process exhibits.

French Pavilion : Equipment (Zabeel Hall – ZB, ZC, ZE, ZF, ZG) and Process (Sheikh Saeed Arena – SA, SB).

This year, 42 French companies will show their latest equipment and technology. For instance, the French participants will display equipment that can be used in various sectors such as catering, food processing, bakery etc. In addition, French companies will also introduce their know-how in terms of packaging, food signalling, mechanical separation process among many other specialities.

According to Global Trade Atlas (GTA), in 2009, France is the 5th largest exporter of equipment for the food industry, and is therefore among the leading global providers. France’s strength is its presence on all major food industry markets, especially with French companies exporting machines and equipment for bakeries, milk and meat industries.

France is also a major and regular supplier of the food industry in the UAE.

French Pavilion : Food (Sheikh Maktoum Hall – E, F, G, H, J) and Ingredients (Sheikh Saeed Hall – S2).

About 60 French companies will be attending the French food and ingredients Pavilion, organized by PROMEETING, coordinator of many exhibitions, already present in several events in the Middle East.

The Pavilion will bring together a large selection of genuine high quality food products, ingredients and beverages from all regions of France.

In November 2010, the French "repas gastronomique" (gourmet meal) was added to UNESCO’s Intangible Cultural Heritage of Humanity list. According to the United Nation’s cultural organization, French meals play an important social role and are part of the French identity.#]

Press contact :
French Trade Commission UBIFRANCE

in the United Arab Emirates
APITower- Sheikh Zayed Road - Suite 1802

PO Box3314

Dubaï, United Arab Emirates
Tarek SOLIMANE

Head of the press office in the UAE
tarek.solimane@ubifrance.fr
Tel.: +971 (0)4 312 84 91 / Fax: +971 (0)4 332 95 33
Mobile: +971 50 708 24 69
www.ubifrance.fr

publié le 27 February 2010

Artemis masters the wind of the desert and closes in on Team Aqua

press release

[#Chris Bake and his Team Aqua still lead the fleet race ranking of the Al Maktoum Sailing Trophy RC 44; however Torbjorn Tornqvist’s Artemis is now only two points behind ahead of the last day. Igor Lah’s Ceeref isn’t far either, currently third overall and eight points behind. The last day will be intense!#]

February 26, 2010 – It was another very interesting day off Dubai, with a very hot wind blowing up to 25 knots and the sky covered with sand and dust from the desert. Torbjorn Tornqvist and his team enjoyed those tough conditions: they got the best results today with a second, a third and a first place and are now only two points away from the leader Team Aqua.

The first regatta of the day was the closest one, with the top five boats crossing the arrival line in less than fifteen seconds. Leading during most of the regatta, Team Aqua had to avoid Katusha – who broached brutally in front of them – at the windward mark, by crash-tacking and heading to the less favoured right hand side of the course. Ceeref, Artemis and No Way Back benefited from this incident to take the lead and cross the arrival line in this order. “We were not far from seeing two RC 44’s sink", explained Chris Bake at the end of the day. “It was a really close one and we were all quite shaked by this incident!"

Team Aqua recovered well during the second regatta of the day, sailing to the left of the course before tacking at the first big left shift and extending its lead throughout the race. The second beat saw a different – and rare – scenario, with Team Sea Dubai recovering from a fairly big deficit by sailing on their own to the right and climbing up to the second place, just ahead of Artemis.

The third race gave Torbjorn Tornqvist the opportunity to close in on Team Aqua. Artemis took an excellent start whilst his main opponent struggled at the Race Committee end of the line, suffering during the beat as the wind was slowly shifting left. The boats then started heading for the windward mark, tacking one after the other over Team Aqua. “That’s the game", commented Bake. “I would have done the same." As a consequence, Artemis, Katusha and Team Austria started extending their lead, finally crossing the arrival line in this order after a fabulous fight. “I just can’t tell you how much I have enjoyed today", said Torbjorn Tornqvist a few minutes later. “Those boats are really something special in those conditions. It’s just fantastic."

Three to four more races are scheduled tomorrow weather permitting it. A bad storm is announced over Dubai tonight, and even rain is expected. A rarity in Dubai!

The results so far show that all the teams have managed to finish races in the top five whilst seven of them have achieved top threes. As for the leaders, their worse result is a sixth for Team Aqua and a fifth for Artemis. Last but not least, four different teams have managed to win races. The consistency in the top five definitely seems to be the key to victory!

They said:

Torbjorn Tornqvist, helmsman, Artemis: “The wind was strong but we were within the limits of this boat and I never worried. We had no failures and could concentrate entirely on our racing."

Chris Bake, helmsman, Team Aqua: “We had a very good day and we sailed well. However, there were some little details that cost us a lot."

Bob Little, helmsman, Katusha: “The level is very high and it is tough for me. I have made several mistakes that have cost us a lot. But it got better in our last race. It’s the first time I steer this boat with so much wind, so I need to adapt. Luckily the team was great and they helped me a lot."

Raimondo Tonelli, helmsman, Team Sea Dubai: “I usually steer foiling Moths and I am a bowman on bigger boats, so it isn’t easy for me here, especially with this wind: the competition is very tough. But it is great and I enjoy it a lot. I am impressed how precise and sensitive the helm is."

Fleet race, provisional results after seven races:

(Ranking, name of team, helmsman, results, points)
1) Team Aqua (Chris Bake), 1, 2, 1, 2, 4, 1, 6 – 17 points
2) Artemis (Torbjorn Tornqvist), 3, 4, 5, 1, 2, 3, 1 - 19 points
3) CEEREF (Igor Lah), 2, 7, 3, 3, 1, 5, 4 - 25 points
4) Team No Way Back (Pieter Heerema), 4, 1, 7, 7, 3, 4, 5 - 31 points
5) Katusha (Bob Little), 5, 5, 2, 8, 8, 7, 2 - 37 points
6) Team Sea Dubai (Raimondo Tonelli), 6, 6, 8, 4, 6, 2, 7 - 39 points
7) Team Austria (René Mangold), 8, 3, 9, 5, 9, 8, 3 - 45 points
8) Team Islas Canarias Puerto Calero (Daniel Calero), 7, 8, 4, 9, 5, 6, 9 - 50 points
9) BMW ORACLE Racing (Mike Perris), 9, 9, 6, 6, 7, 9, 8 - 52 points

Photo: Copyright Nico Martinez / RC 44 – A great start for Artemis during today’s last regatta, whilst team Aqua struggles at the Committee end of the line.

Information to the media:

During events, news items, results, photos and updates are posted on the Class website throughout the day at http://www.rc44.com/en/live

Video news updates will be available on Thursday, Friday and Saturday evening on the Class website: http://www.rc44.com/en/gallery/index.php?idIndex=198&key=196. The event summary will be posted as soon as possible after the end of the last regatta.

Notes to the editor:

The RC 44 is a light displacement, high performance One Design sailing boat. It was designed by four-time America’s Cup winner Russell Coutts, together with Slovenian naval architect Andrej Justin. The RC 44 was created for top level racing in international regattas under strictly controlled Class Rules. The concept and the design features of the RC 44 are dedicated to the amateur helmsmen racing in fleet and match racing sailing events. The Class partners are: Oracle and SLAM (official clothes).

For more information, high resolution photos and video footage please contact:
Bernard Schopfer
bernard.schopfer@maxcomm.ch
M: +41 79 332 11 76
MaxComm Communication
media@maxcomm.ch
P: +41 22 735 55 30

publié le 7 May 2008

Artists from UAE, Morocco display their artwork in Rabat

A number of Emirati and Moroccan artists are to participate Tuesday in an arts exhibition in the Moroccan capital, which aims at boosting cultural cooperation between Abu Dhabi and Morocco.The exhibition will continue until the 4th of May.

The new exhibition is organized by Abu Dhabi Authority for Culture and Heritage (ADACH) organizes, in collaboration with the UAE’s Ministry of Culture Youth and Community Development and Morocco’s Ministry of Culture.

ADACH is boosting its cultural cooperation with Morocco following the huge success of the “Neo-Impressionism” exhibition, organized by ADACH, where ten artists from both UAE and Morocco took part last January.

Abdullah Al Amiri, Director of Art and Culture at ADACH said that “these important initiatives are aimed at bringing together Arab artists and intellectuals, and increasing ties of brotherhood and exchange of knowledge and skills.”

The exhibition “will allow participants to benefit from the experience of others, and discuss artistic styles and schools of art involved in the event,” he added.

’Neo-Impressionism’ presented a variety of artwork rich in colourful symbols, fine lines, and other artistic characteristics that are expressive of human and natural aspects.
The ten participants at ’Neo-Impressionism’ were: Ibtisam Abu Anam, Ahmed Zubeita, Hasan Al Alawi, Abdul Latheef Zein and Mohamed Bustan from Morocco; Mohamed Ali Yousef, Muna Al Khaja, Abdul Qader Al Rayes Obaid Suroor and Abdul Rahim Salem from UAE.

publié le 24 January 2013

Aspide 2000 by MBDA wins futher acclaim in Kuwait

press release

[#
Another Aspide 2000 success in Kuwait reaffirms the missile’s status as a major aircraft buster.

Fired from a Skyguard air defence system, the Aspide 2000 missiles brought down two Banshee remotely piloted targets at the Kuwait Air Defence Brigade’s ADEIRA range during a live firing air defence exercise carried out on 18th and 19th December 2012. Both targets were destroyed, in one case by a direct hit and in the other by a close-range explosion. Intercept took place at a range of around 6 km and at an altitude of around 1,500 metres. These successful intercepts add to the already solid evidence of the reliability of this MBDA missile.

During the exercise, Aspide 2000 achieved a launch record for Kuwait - all 19 launches since 2007 having been successful despite varying weather conditions, with launches taking place both at night and day, at both medium and long ranges and at both high and low altitude.

The success of this latest Kuwait exercise is further confirmation of Aspide’s effectiveness – 5,000 missiles have been produced to date - and of the robustness of the modernised system’s design. This is yet another boost to the export potential of a missile that international markets are increasingly considering as one of the best performing in the medium-range ground-to-air missile sector.#]

publié le 17 October 2015

At GITEX 2015, SYSTRAN will showcase its solutions to improve international collaboration in a secure environment

SYSTRAN Enterprise Server Version 8 is the new powerful machine
translation solution that helps leading global companies and public agencies quickly create and understand multilingual contents in a fully secure and cost-efficient way.

Employees are increasingly using Cloud services without even notifying the IT department. This behavior is not risk free and the use of translation services on the Web is among one of these risky practices. Confidential breaches, lack of compliance and cyber security vulnerabilities are the major threats.

Leading the way in language technology for over forty years, SYSTRAN helps global companies and governments take up the challenges of multilingual communication. Some examples are the UAE Ministry of Interior, BNP Paribas and Daimler. At GITEX, SYSTRAN will demonstrate its new machine translation solution: SYSTRAN Enterprise Server Version 8.

Benefiting from the most advanced machine translation technology available, SYSTRAN Enterprise Server 8 provides fully secure, real time translation services that seamlessly integrate into corporate intranet and collaborative environments (e.g. instant messaging, enterprise social network …) through a centralized, on-premise translation server. The translation engine can be trained to any specific domain and can also use corporate terminology consistently to deliver accurate translations.

Alongside the SYSTRAN Enterprise Server 8, SYSTRAN will also showcase linguistic services including speech recognition. Information workers or Chief Data Officers can now process, extract and analyze content (including speech) in over 45 languages to unleash the potential of multilingual Big Data. “We are very excited to exhibit at GITEX on the French Pavilion for the third year in a row,” says Gilles Montier, Sales Director at SYSTRAN. “Gitex provides a fantastic platform to showcase our intelligent
language technologies. We’re also looking for local skilled and experienced software integrators, eager to support organizations that need to take up the challenge of globalization without jeopardizing information security.”

Visit SYSTRAN on the French Pavilion / Stand n° D4-20

About SYSTRAN

For over four decades, SYSTRAN has been the market leader in language-translation products and solutions, covering all types of platforms, from desktop to internet and enterprise servers. To help organizations enhance multilingual communication and increase productivity, SYSTRAN delivers real-time language solutions for internal collaboration, search, eDiscovery, content management, online customer support and e-Commerce.

With the ability to facilitate communication in 130+ language combinations, SYSTRAN is the leading choice of global companies, Defense and Security organizations, and Language Service Providers. SYSTRAN is also the official translation solutions provider for the S-Translator, a default-embedded app
on the Samsung Galaxy S and Note series. Since its early beginnings, SYSTRAN has been pioneering advances in machine translation and Natural Language Processing. Its latest achievement, a new-generation Hybrid MT, combines the predictability and language consistency of rule-based machine translation with the fluency of statistical MT. SYSTRAN is headquartered in Seoul with offices in Daejeon, South Korea; Paris, France; and San Diego, USA.

For more information, visit www.systransoft.com

publié le 2 February 2016

ATR signs a major agreement with Iran Air for 40 ATR 72-600s

press release

World’s leading turboprop manufacturer ATR and Iran’s national flag carrier Iran Air today signed in Teheran a deal for the introduction of 40 newest generation ATR 72-600s. The agreement includes firm orders for 20 aircraft plus 20 options, and is valued at one billion euro.

The signature of the deal follows the commercial discussions held in the last days in Rome and Paris, on the occasion of the visit of the President of Iran, H.E. Mr. Hassan Rohani, and the Minister of Transportation of Iran, Mr. Abbas Ahmad Akhoundi.

During the negotiations, the Italian and French states played an important role to achieve the signing of this deal, through the participation of their export credit agencies, respectively Sace and Coface.

The deal marks the arrival of the newest generation ATRs in Iran, where the first aircraft have been operating since 1992. This freshly open market provides a strong potential for the development and expansion of domestic traffic and routes.

The ATR aircraft are the bestselling below-90-seats regional aircraft worldwide in recent years. They operate successfully in very different environments, including small airfields, unpaved runways and mountainous regions.

Patrick de Castelbajac, Chief Executive Officer of ATR, declared: “We are honored to take part in this new era in Iran by providing the national airline with aircraft that will strongly contribute to reinforce and boost regional transportation across the country. We are pleased to offer to the passengers of Iran Air the highest standards of comfort and reliability, as well as the outstanding operational flexibility of the ATR 72-600s”.

About the ATR 72-600:
Passenger capacity: 68-78 seats
Engines: Pratt & Whitney 127M
Maximum power at take-off: 2,750 horse power per engine
Maximum weight at take-off: 23,000 Kg
Maximum load: 7,500 Kg
Maximum range with full passenger load: 900 nautical miles (1,665 Km)
About Iran Air:

Iran Air was created in 1961 from the merge of former Iranian Airways and Pars Airways, and commenced its activities in April 1962. Among the reasons of its creation, there was the need to answer to the demand of domestic air travel. At present, Iran Air flies to 35 international and 25 domestic destinations.

ABOUT ATR:

Founded in 1981, ATR is the world leader on the market for regional aircraft with 90 seats or less. Since its creation, ATR has sold over 1500 aircraft. With over 28 million flights, ATR models equip the fleets of over 200 airlines in nearly 100 countries. ATR is an equal partnership between two major European aeronautics players, the Airbus Group and Finmeccanica. Its head office is in Toulouse. ATR is ISO 14001 certified. For additional information, log on to www.atr-aircraft.com. Follow us on YouTube: ATRbroadcast and on Twitter: @ATRaircraft.

publié le 16 November 2013

​Embraer participates in the 2013 Dubai Airshow

presse release

Embraer will participate in the 13th edition of the Dubai Airshow (www.dubaiairshow.aero), during November 17-21, at Dubai World Central (DWC), in the United Arab Emirates (UAE). The Company will promote its full line up of commercial and executive jets and showcase the large Legacy 650 and ultra-large Lineage 1000 executive jet in the static display.

Embraer Commercial Aviation will hold a press conference in the Conference Center, on Sunday, November 17 at 1.00 p.m. in Room 2. Visitors are welcome at Chalet A7.

Embraer Commercial Aviation’s footprint has grown steadily in the Middle East and North Africa since its first commercial aircraft, an E170, entered service with Saudi Arabian Airlines in 2005. The family of four E-Jets, seating from 70 to 124 passengers, are today in service with nine operators in six countries. A total of 63 E-Jets are currently flying in the region.

Embraer Executive Jets has received a strong endorsement from customers in the Middle East, which has become the largest market for the Lineage 1000 and the second largest market for the Legacy 650. These two jets are the most popular models with their long flight ranges enabling non-stop flights from Dubai to South Africa, Western Europe, Northeastern Russia, Japan, China, and Central Asia.

In addition, Embraer has designated three authorized service centers in the region to provide maintenance, repair, and overhaul (MRO): two for executive aviation (in Dubai and Abu Dhabi) and one for commercial jets – in Egypt.

Embraer has received firm orders for more than 1,350 E-Jets and delivered the 1,000th production aircraft last September. Today, 66 airlines from 48 countries have added E-Jets to their fleets. As the leader of the 70 to 130-seat jet segment, Embraer continues to invest in its E-Jets family. In June, the Company announced the launch of E-Jets E2, the second generation of the popular airplanes, with three aircraft ranging from 80 to 132 seats. To date, airlines and leasing companies have placed firm orders, options and letters of intent for 365 E2s.

publié le 5 March 2012

Bahrain : The GCC Private Banking Conference

[#[#Representatives of financial institutions from more than 15 countries will take part in a special event organised by Euromoney with focus on private banking and wealth management in the GCC in Bahrain this week.

The first Euromoney GCC Private Banking Conference will be held on March 7 at the Ritz-Carlton.

Euromoney is working together with the Bahrain Economic Development Board (EDB) to create a special event in Bahrain at a time of significant global uncertainty and change.

The financial institutions include the Central Bank of Bahrain (CBB), the OECD, Credit Suisse, Investcorp, UBS, National Bank of Bahrain, Ahli United Bank, Arcapita, Arab Bank, Premier Group, Mumtalakat, DBS, Bank of Tokyo Mitsubishi, BNP Paribas, Citi and Goldman Sachs.

“The private banking and wealth management industry is a vital part of the GCC economy” said Richard Banks, director of Private Banking at Euromoney Conferences.

“The industry and the market it serves are changing fast. We’re delighted to be able to work with the EDB to create a day long strategy forum to take the temperature of the industry here in Bahrain and the wider region.”

Shaikh Mohammed bin Essa Al-Khalifa, chief executive of the EDB said: “We are delighted to be hosting this event in Bahrain. There is an increasing demand across the Gulf economies for sophisticated products and advice to help people manage their wealth.”

“We, in Bahrain, are proud to play an important part in this industry. Financial services accounts for over 14,000 jobs in Bahrain and we see private banking as an important part of developing this industry in the future.”

The event will include contributions from the CBB global regulators, international banks, and local and regional wealth managers. It will focus on how the industry is changing and how it can and must adapt to meet the challenges it faces.

Rohit Walia, executive vice chairman and CEO, Bank Sarasin-Alpen Group –Middle East & South Asia stated: “The world of private banking is changing at a rapid pace with the current market conditions and evolving regulatory framework and investor preferences.”

“Private banks need to respond to these changes and review their approach to business. I look forward to the exchange of views with other business leaders on the topic,” he added.#]#]

publié le 13 April 2014

Bahrain Economic Development Board participates in ABTEC 2014

press release

The Economic Development Board (EDB) participated in the Arabian Banking Technology Exhibition and Conference (ABTEC) 2014 which is being held at the Bahrain International Centre for Exhibitions and Conference between April 8th and 9th.

The event is considered one of the regionally pioneering platforms that links the finance and technology sectors in the Middle East and North Africa (MENA) region, representing the largest gathering for experts in the field of financial technology. It is the result of an important initiative launched by the National Innovation Society, and is supported by the Central Bank of Bahrain (CBB) and the EDB.

EDB Chief Economist, Dr Jarmo Kotilaine, delivered presentation entitled “Current trends in the regional financial services sector”, where he discussed the economic, regulatory, and market developments shaping the banking sector in the Middle East.

The seminar highlighted the importance of structural economic drivers in ensuring positive growth and fueling the demand for financial services. Key factors in this regard include demographic dynamics, economic diversification, and the establishment of large scale infrastructure projects, as well as the government’s role in this sector. Among other things, Dr Kotilaine shed light on the decreasing contribution of the non-hydrocarbons sector in the country’s GDP, which accounts for less than 20% while virtually all other sectors have expanded.

Also explored were the effects of regulation and policies in the financial sector, with the stricter regulations that were recently introduced in the sector in response to the global crisis being highlighted. New regulatory reforms, , most notably the Basel III standards, play an important role in forcing banks to adjust their operations. This has fueled the demand for alternative fnding solutions. Also the rise of Sharia compliant transactions highlights the ongoing process of diversification and innovation in the sector.

Dr Kotilaine also described the banks’ role in the region as having gradually become less central, while the role of capital markets have grown rapidly, especially with respect to fixed income markets. This is in line with the development of the financial services’ products through the launch of long term savings, SME lending, and mortgages, as well as the changing role of foreign providers as European banks retreat from syndicated loans field.

This year’s ABTEC 2014 is being held under the theme “Turning digital disruption into transformational opportunities”, with various initiatives being discussed on the ways for financial institutions to reinvent their business models to present more digital value

The EDB has a long-standing history of supporting events that discusses the financial services sector such as the World Islamic Banking Conference (WIBC), with the latest being held in December last year.

publié le 30 August 2011

Bahrain economy records 19.8pc growth

[#Bahrain’s economy has bounced back registering a significant growth of 19.8 per cent during the second quarter of this year due to the government reform efforts, said senior officials, citing data.#]

[#The growth rate at constant price registered an increase of 0.8 per cent during the second quarter, compared to the same period last year and about 1 per cent compared to 2009, according to preliminary figures released by Central Informatics Organisation (CIO).

’Bold decisions taken by Gulf governments during the recent incidents, particularly Saudi Arabia and the UAE, have helped boost business sentiment in the country and improved the investment climate for the private sector,’ CIO president Dr Mohammed Al Amer stated.

’This positive impact will encourage foreign and institutional investors to return to Bahrain,’ he added

The country’s economy grew 19.8 per cent at current prices during the second quarter compared to the same period last year, due to an increase in international oil prices, the CIO data showed.

The oil sector contributed 1.9 per cent to the growth, while non-oil sector 0.6 per cent. Retail banks registered a growth rate of 3.7 per cent at constant prices, the data said.

Services sector also showed stable growth with goods producing industries surging 2.9 per cent, transportation and communications 8.6 per cent, government services 4.9 per cent, social and personal services 12.9 per cent, electricity and water 17.3 per cent, wholesale and retail trade one per cent and agriculture and fishing 8.3 per cent, while building, construction and real estate activities, business services and hotels and restaurants dropped by 1.8 per cent, 3.8 per cent and 17.4 per cent respectively.#]

Tradearabia

publié le 7 April 2011

Bahrain GDP grows 4.5pc to $23bn in 2010

[#Bahrain’s economy accelerated in the final quarter of last year from the previous three months and grew 4.5 percent in 2010 as a whole, beating forecasts, data showed on Thursday.#]

[#
The kingdom’s economy grew 1.1 percent in the fourth quarter of 2010, accelerating from a revised 0.9 percent increase in the third quarter.

Full-year growth beat a Reuters poll forecast for a 4.0 percent expansion and outperformed 3.1 percent growth in 2009.

The kingdom was rocked recently by its worst public unrest since the 1990s as anti-government protesters took to the streets, but its economy continues to recover from the global economic downturn, helped by robust oil prices.

The construction and real estate sectors though have yet to return to pre-crisis levels. The financial sector, which accounts for nearly 21 percent of the economy, is only slowly picking up from the financial crisis and a regional property crash.

Gross domestic product compared with a year earlier rose 4.2 percent in the fourth quarter, slowing from a 4.4 percent increase in the third quarter.

The hydrocarbon sector grew 0.2 percent in real terms in 2010, while the financial sector added 5.2 percent. The statistics office did not release data by expenditure.

Bahrain’s nominal GDP reached 8.627 billion dinars ($22.9 billion) in 2010, the data also showed.

Analysts polled by Reuters in March cut their real GDP growth forecast for Bahrain to 3.4 percent for 2011, from 4.2 percent expected in December following the unrest. The government still sees a 4.5 percent expansion.#]

Reuters

publié le 10 July 2013

Bahrain Private Sector Recovery Set To Continue

Press relaese

The robust growth witnessed in the Bahraini private sector in 2012 is set to continue this year, according to the latest Bahrain Economic Quarterly, issued today by the Bahrain Economic Development Board (EDB).

Bahrain saw overall GDP growth of 3.4% in 2012, but the pace of the expansion in the non-oil sector reached 6.7%. According to EDB estimates, overall growth in 2013 is expected to exceed 5% on the back of a rebound in oil production and ongoing expansion in the non-oil sector.

All sectors of the Bahraini non-oil economy recorded growth in 2012. Among the largest sectors, manufacturing grew by more than 9% whilst financial services expanded by 3.5%. Strong performances were also seen in social and personal services, one of the most dynamic sectors of the economy in recent years, which grew more than 10%. Hotels and restaurants saw 26% growth as the sector rebounded from the 2011 slow-down. In general, the report found that “economic activity has now largely normalized across the non-oil economy.”

The Quarterly argues that this return to growth in the private sector has been underpinned by favourable credit conditions and a strong export performance. The increase in bank lending in Bahrain in 2012 peaked at 18% in April, before levelling out at approximately 6%, a growth level that has continued into the first quarter of 2013. This increased lending has also been aided by strong liquidity among Bahrain’s retail banks, which remain in robust health.

The report also noted that the dynamics for private sector recruitment “are looking increasingly promising” after more than 2,000 private sector jobs were created for Bahraini nationals in the last three months of 2012, in comparison to a slight contraction in the same period in 2011.

Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of Bahrain EDB said: “The ongoing growth in Bahrain is encouraging and we are seeing signs that it has continued into 2013, underpinned by solid economic fundamentals. This sustainable growth is essential in maintaining the process of rebalancing and diversifying the Bahraini economy and in creating employment and opportunities for Bahrainis.

“As the Bahraini economy expands and the broader economic conditions continue to improve across the region, this will open more opportunities for international businesses that are looking to take advantage of the opportunities within the $1.4 trillion Gulf market.”
The full report can be downloaded from www.bahrainedb.com.

publié le 5 March 2011

Barwa and Qatari Diar Research Institute & University of Khartoum sign MoU

Press release

[#The Barwa & Qatari Diar Research Institute (BQDRI) and University of Khartoum (Sudan) have signed a Memorandum of Understanding (MoU) to cooperate in the field of teaching and implementing the Qatar Sustainability Assessment System (QSAS) in the university curriculum and contribute in the field of research and development of environmental issues of common interest.#]

[#

  • Sudanese architects and engineers to learn QSAS
  • QSAS focus of Green Building Solutions Conference & Exhibition 2011

The MoU was signed by Dr. Gamal Mahmoud Hamid, Dean of Faculty of Architecture at University Of Khartoum and Dr. Yousef Al-Horr, BQDRI’s Founder and Chairman in the company of senior management from both organizations.

“Without doubt QSAS is the MENA’s most advanced and sustainable development solution. By creating a system that addresses sustainability goals specific to the region – and also meets the toughest international standards - QSAS is the perfect solution to the region’s need to establish a single, consistent standard for sustainable development in the construction industry,” said Dr. Al-Horr.

“Our partnership with University Of Khartoum, one of the leading educational institutions in North Africa, will advance the adoption, implementation and development of QSAS in the Arab speaking world.” Added Dr. Al-Horr.

“By introducing QSAS in our curriculum, University of Khartoum is educating Sudan’s architects and engineers of the future to adopt a sustainability ratings assessment system that reduces energy consumption and maintains the economic and environmental balance for the benefit of Sudan and the surrounding countries,” says Dr. Gamal.

Under the terms of the MoU, QSAS will be integrated into the teaching and academic research curriculum at University of Khartoum, supporting student education and research projects with scientific results being shared between both parties.

“Our vision is for the Middle East and North Africa region to lead the world in the field of sustainable development, design and construction. The BQDRI remains committed to sharing our knowledge and research across the region to ensure QSAS is adopted as the sustainable development standard of the future,” added Dr. Al-Horr.

Developed by the BQDRI in co-operation with experts and researchers from the T.C. Chan Center for Building Simulation and Energy Studies at the University of Pennsylvania, QSAS focuses on local needs and implements the best practices taking into consideration the region’s social, economic, environmental and cultural conditions that are different from other parts of the world.

Issues such as resource smoothing, power consumption, scarcity of water and cultural identity are at the core of QSAS and are interpreted in a way which meets the needs of the GCC climate and environment.

Based on proven green building guidelines, a rigorous sustainability rating system and challenging water and energy standards, QSAS integrates best practice from 40 global assessment systems to create the ‘best of the best’ green building benchmark at various types of commercial buildings, hotels & light industrial facilities for the entire region.

QSAS criteria are divided into eight categories - Urban Connectivity, Site, Energy, Water, Materials, Indoor Environment, Cultural & Economic Value, Management & Operations - each with a direct impact on environmental stress mitigation.

“Among the many unique QSAS advantages is that the system learns and benefits from other global sustainability rating systems, using the best assessments rated by performance, quantity survey, and flexibility of the assessment system to overcome the weak points in other international systems,” advised Dr. Al-Horr.#]

publié le 4 April 2015

Barwa Bank appoints Sheikh Abdul Rahman Bin Fahad Al Thani as Head of Government Sector

Press release

Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, announced the promotion of Sheikh Abdul Rahman Bin Fahad Al Thani as Head of Government Sector.

Prior to joining Barwa Bank in 2011, Sheikh Abdul Rahman Bin Fahad Al Thani held senior roles at Qatar International Islamic Bank and the Islamic Bank of Britain in London. With over seven years of experience in the Corporate and Government banking sectors, he has been recognised for his diligence, work ethic and ability to cope with challenging business environments.
Sheikh Abdul Rahman Bin Fahad Al Thani holds a bachelor’s degree in International Business Management from the University of North Umbria in Newcastle, United Kingdom.
Commenting on the appointment, Mr. Khalid Yousef Al-Subeai, Barwa Bank’s Acting Group Chief Executive Officer said:

"Long-term individual development is one of our priorities at Barwa Bank. As the most progressive Shari’ah compliant bank in Qatar, we’ve made it our mission to embrace professional development, culture, innovation and creativity by incorporating professional development within our overall corporate strategy.

On behalf of everyone at Barwa Bank, I would like to congratulate Sheikh Abdul Rahman Bin Fahad Al Thani on this well-deserved promotion. I am fully confident of his contribution to meeting the needs and requirements of our Government sector clients”.

publié le 30 May 2015

Barwa Bank awarded by Euromoney for Innovation in Islamic Finance

Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, has been recognized by the Euromoney Awards for Innovation in Islamic Finance 2015 for its lead role in international Sukuk issuance. Against a number of criteria across key metrics including innovation, cross border presence and industry growth contribution, Barwa Bank won two awards for Her Majesty’s Treasury GBP 200 million UK Sovereign Sukuk, as well as for the International Finance Facility for Immunisation Company/GAVI $ 500 million Sukuk.

In June 2014, Barwa Bank’s appointment as one of five Joint Lead Managers for the UK’s GBP 200 million debut Sovereign Sukuk marked its integral role in a landmark transaction that saw the first Shari’ah compliant issuance by a western nation; the total order book ran to close to 2 billion GBP, with nearly half being generated through Barwa Bank.

Issued in November 2014, the IFFIm (International Finance Facility for Immunisation Company) benchmark medium term Sukuk addressed a humanitarian cause, its proceeds channeled into the provision of free vaccines and health systems for the world’s poorest nations. Alongside the World Bank, the acting Treasury manager, Barwa Bank was mandated among four other banks as Joint Lead Manager and bookrunner for the IFFIm Sukuk; an assignment that has not only highlighted Barwa Bank’s prominent role as a lead on cross-border, scalable and high-profile Sukuk issuance transactions, but that also perfectly exemplified the bank’s commitment to instilling core Islamic finance values in innovation.

In a statement Khalid Yousef Al-Subeai, Acting Group CEO, said: “Our role as the only Qatari and fully Islamic bank mandated on the UK Sovereign Sukuk was nothing short of a major testament to our vision, commitment to adding value to our clients and quality of our team.”

“As we hone, expand and continuously rethink our expertise and role in the international Islamic Capital markets – more so as a leading debt capital market house in the region and across borders – this recognition by the Euromoney Awards for Innovation in Islamic Finance 2015, an institution with weight, credibility and stringent standards for excellence, is proof and reassurance that we are on the right track,” he added.

About Barwa Bank

Barwa Bank is a Shari’ah compliant bank in the State of Qatar, established in Doha and licensed and regulated by the Qatar Central Bank. Barwa Bank provides a full range of Shari’ah compliant banking services including retail, corporate and commercial banking, private banking, real estate finance, structured finance, investments and asset management.

publié le 30 June 2015

Barwa Bank net profit up by 4% for the first quarter of 2015

Press release

On the heels of a record performance marking the fiscal year 2014, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, capped the first quarter of 2015 with equally remarkable results.

The results showed that the bank’s net profit soared by 4% to reach QAR 209 million, compared with QAR 201 million corresponding to the same period in 2014. This robust growth was reflected across the bank’s balance sheet and verticals; standing at QAR 40.5 billion, total assets jumped by 24% year-on-year, underpinned by significant growth in Barwa Bank’s financing portfolio, which itself registered an increase of 22% to exceed QAR 25.1 billion.

Customer deposits also strongly stands at QAR 21.1 billion, while earnings per share rose from QAR 0.66 in the first quarter of 2014 to QAR 0.70 in Q1 2015.

H.E. Sheikh Mohamad bin Hamad bin Jassim Al Thani, Chairman at Barwa Bank Group, commented on the strong performance:

“While the region’s economic and financial landscape is undergoing transformative changes that are reshaping our sector, we’ve seen this dynamic environment positively challenge our drive and determination to grow and expand our presence in the Qatari market and beyond. Our performance in the first quarter of 2015 is a reflection of this focused growth strategy; while several landmark deals and partnerships that we had closed in 2014 offered us a head-start into this year, our Q1 results demonstrate Barwa Bank’s commitment to long-term, carefully studied and cautiously progressive growth to both our group and our key stakeholders.”

Mr. Khalid Yousef Al-Subeai, Acting Group CEO added:

“Underlining our growth strategy over the past few years and going forward is an uncompromising stance on strong profitability and solid revenue stream. We’ve poured focused and great efforts and investments into ensuring that our growth and expansion would not be at the expense of our P&L balances. Our revenues increased by 6% and our expenses were reduced by 4% during the first quarter of this year, bringing our cost-revenue ratio down to 38% from 42% in 2014. In parallel, our non-performing assets accounted for 1.6% of the total financing portfolio, down from 1.9% for the same period in 2014. As we continue to undertake ambitious projects and expansion plans, our priority remains on maintaining a healthy growth trajectory with long-term, solid prospects.”

- Ends-

publié le 14 April 2015

Barwa Bank net profit up by 41.5% in 2014

Press release

Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR 19.3 billion to QAR 23 billion, an increase of 19% over 2013.

Customer deposits stood at QAR 21.9 billion at the end of the year from QAR 21.2 billion in the 2013, representing a 3% increase. Earnings per share (EPS) were at QAR 2.40 for 2014, 43% higher than the previous year.

H.E. Sheikh Mohammad bin Hamad bin Jassim Al Thani, Chairman of the Board of Directors of Barwa Bank, commented on the strong results:

“2014 was another outstanding year for the bank, with growth continuing unabated across all segments and subsidiaries. This strong performance would have not have been possible without the exceptional leadership, foresight, and fortitude of everyone at Barwa Bank; to the Board of Directors, Executive Management, and the entire team at the Bank I extend my deepest thanks and gratitude for delivering yet again another strong year.”

Based on the outstanding performance and excellent results, the board recommended a 10% cash dividend to shareholders.

“I would also like to welcome our new major shareholder the General Retirement and Social Insurance Authority, who will prove to be a valuable asset to the Bank as we continue with our growth trajectory and delivering innovative Shari’ah compliant financial services in line with our strategic goals and the aspirations of the Qatar National Vision 2030. I would also like to thank our previous major shareholder Barwa Real Estate and wish them well in their future endeavours.

Khalid Yousef Al-Subeai, Acting Group CEO added:

“We are proud of our achievements in 2014, where we maintained the title of fastest growing bank from a Net Income perspective. We continue to improve our service offering to our loyal clients through a full range of Shari’ah compliant commercial banking services at Barwa Bank, investment banking services through wholly-owned subsidiary The First Investor, and specialised leasing and consumer finance through subsidiaries First Leasing Company and First Finance Company, puts the bank in a unique position to offer a ‘one stop shop’ service to customers.” 

Barwa Bank continued increasing its footprint within Qatar, with the opening of its seventh branch in the prestigious Medina Centrale at The Pearl-Qatar. In addition, digital innovation took to the forefront in 2014 with both the mobile and internet banking platforms revamped to offer even more convenient services to customers.

Barwa Bank’s expertise continued to be sought after, with the corporate team’s involvement in major sukuk issuances in 2014.

In June, the bank was appointed as one of five Joint Lead Managers for the UK’s GBP 200 million debut sovereign sukuk, a landmark transaction which saw the first issue of a Shari’ah compliant debt instrument by a western nation. Later in the year, Barwa Bank was also appointed by the International Finance Facility for Immunisation Company (IFFIm) as Joint Lead Manager and bookrunner; this sukuk issue was overseen by the World Bank who acts as Treasury Managers for the issuer.

Locally, Barwa Bank provided financing for the development of the Doha Metro Gold Line as sole book runner in a deal worth more than QAR 3.65 billion (over USD 1bn).

Khalid Yousef Al-Subeai, Acting Group CEO also commented on the commitment to Qatarisation:

“Barwa Bank remains committed to the development of its most important asset, human capital, and has achieved 25% Qatarisation at a Group level.

“The Bank further cemented its commitment to Qatarisation efforts by establishing a dedicated Qatarisation department within HR with the responsibility to identify, attract, and develop Qatari banking professionals.“

Barwa Bank and its subsidiaries continue to be recognised with regional and international accolades, with Barwa Bank clinching over 15 awards, most recently for the ‘Best Internet Banking Brand Middle East 2014’, ‘Best Mobile Banking Brand Middle East 2014’, and ‘Best Customer Service Banking Brand Middle East 2014’ at the Global Brands Awards.

In addition, The First Investor was recognised at the Banker Middle East Product Awards 2014 for the ‘Best Investment Fund’ and First Finance Company was recognised for ‘Best Personal Finance’.

publié le 7 July 2014

Barwa Bank opens Representative Office in Dubai International Financial Centre (DIFC)

Press release

Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has announced the opening of a Representative Office in Dubai International Financial Centre (DIFC).

Khalid Al Subeai, Acting CEO at Barwa Bank, said, "This is the first time Barwa Bank has opened an office overseas and is testament to our commitment to developing the Shariah-compliant financial market outside as well as within Qatar."
Keith Bradley, Group Chief Operating Officer & GM International, Barwa Bank commented, "Barwa Bank has been providing facilities to public and private sector companies in the UAE for three years now. Opening a Representative Office is a logical next step as we seek to deepen existing relationships and enhance the level of service we can provide."
Jeffrey Singer, CEO of DIFC Authority, commented, "We are delighted to welcome Barwa Bank to DIFC. In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai is well-positioned to become a hub for Islamic finance, and we look forward to supporting the growth of businesses such as Barwa Bank, who are looking to expand their Shari’ah compliant offering across the wider region."
Currently in its fifth year of operation, Barwa Bank is well established to play a major role in the development of the banking and financial services sector in Qatar in the years to come, enjoying strong relations with major corporates, an increasingly growing SME portfolio and one of the fastest growing retail banking activities in the country. This momentum is expected to increase in 2014, as it continues to build up activities, and cement its position as a major Shari’ah compliant banking group in Qatar and the region.

publié le 20 March 2011

Beauty & Fashion Exhibition 2011, Riyadh 12-15 June 2011

[#Saudi BEAUTY & FASHION 2011 is considere the most important exhibition of the year, bearing in mind the Saudi Arabia market potential and opportunitites for International Products in the region.
BEAUTY & FASHION 2011, Saudi Arabia is the largest and most successful exhibition in the region. It offers an ideal fashion business infrastructure for participants to have direct access to key decision makers.#]

www.fashion-arabia.com

publié le 4 July 2010

Bena Properties, Member of Cham Holding, Signs Agreement with Accor Group to Manage Two Hotels at Taj Halab

[#Bena Properties, the real estate development and investment arm of Cham Holding and the largest Syrian private real estate company, signed today a management agreement with Accor Group. The agreement appoints Accor Group to manage two hotels at Bena Properties.#]

[#Accor Group enters the Syrian market for the first time with two of its hotel brands. Featuring 129 and 150 keys, the four-star Novotel hotel and three-star ibis hotel will create a new addition to Aleppo’s as well as the national hospitality scene.

Commenting on the agreement, Accor Middle East Managing Director Christophe Landais said: "The signature of Novotel & ibis Aleppo today, our first Accor hotels, is only the beginning of what I am confident to be a fruitful and long-term collaboration with Bena Properties& Cham Holding. Our first entry into Syria’s promising travel and tourism market reinforces our commitment to the Middle East market which plays a vital and robust role in Accor’s global expansion plans. This agreement with Cham Holding and Bena Properties
allows us to contribute to Syria’s local economy by driving growth in the tourism sector."

Mr. Hawazen Esber, CEO of Bena Properties
, said: "At Bena Properties , we plan developments that create a difference and offer added values to the local hospitality sector. We found in Accor Group a perfect choice that adds variety to Aleppo’s hotel industry needs, and comes in line with our vision for Taj Halab to provide a destination that meets and exceeds expectations of visitors coming for leisure, tourism or business. This is the latest addition to our hospitality portfolio, our first hotel in Damascus is already under construction and we will soon announce our resort development in Lattakia."

With total build-up area of 200,000 square meters, Taj Halab features seven historical buildings dating back to 1920 which will be restored and used as a boutique hotel. It will also offer a shopping mall, in-door and out-door restaurants as well as a conference centre and an open-air plaza for exhibitions and events. Taj Halab will be completed in 2014.

About Cham Holding

With a start-up capital of $360 millions, Cham Holding
was launched in 2007 by the collaboration of 73 top Syrian investors, with an investment strategy that revolves around creating opportunities for both of the Syrian public and economy. Cham Holding
aims to achieve its investment strategy through a series of projects in Property Investment and Development, Tourism and Hospitality, Finance and Banking, Transportation, Healthcare, Education and Manufacturing.

About Bena Properties

Bena Properties is the real estate development and investment arm of Cham Holding.Bena Properties
is the largest Syrian private real estate company with a diverse portfolio that consists of a range of hotels and resorts, master-planned communities, and mixed-use centers.

With determination to play a leading role in boosting the local economy, Bena Properties is playing a major part in developing the Syrian hospitality sector; by 2013, Bena Properties
’ hospitality portfolio will be the Levant’s largest, with more than 1,200 keys and 26 F&B outlets currently under development.

Bena Propertiesis already active in the four major Syrian cities - Damascus, Aleppo, Lattakia and Tartous - and is currently developing several projects in prime locations totaling more than 2.2 million square meters.Bena Properties aims at becoming the preferred partner for regional and international investors. Its mission is to trigger the Syrian economy and its vision is to build communities.

About Accor Middle East

Accor ME is one of the fastest growing hospitality groups in the Middle East. Currently, the company’s regional portfolio includes a total of 33 operational hotels in nine countries. Among the existing global brands ranging from Sofitel, Novotel, Mercure and ibis, new brands such as Pullman and Adagio are emerging as strong players in the region.

With over 25 years of regional experience, Accor ME is the first to establish a training academy. Dubbed as Tamheed - Accor Academie Middle East, the training facility is dedicated to educate and prepare staff at all levels and ensure optimal career development.#]

For further information please contact:
Fida Salloum
Weber Shandwick PR
Tel: +963 11 211 37 36
Cell: +963 (0)947 77 74 52
Fax: +963 11 211 37 35
E-mail: fida.salloum@promoseven.com

publié le 12 February 2012

Blog Your Way to a Free Weekend at Coral Hotels & Resorts

[#Coral Hotels & Resorts has launched an exciting contest on its website that invites people to have their say on the brand.

Girma Wossenseged, VP – E-commerce Development, HMH – Hospitality Management Holdings, said, “It is a great way to engage with our guests – something that people are fascinated with and enjoy. In addition to the different perspectives for our brand, it brings us an instant feedback without being staid.

The participants have to write about 300 words on “why anybody should stay at a Coral Hotel” in order to enter a draw. The winning entry will receive a complimentary weekend stay (2 nights including breakfast for maximum 2 adults and 2 kids) at any hotel of their choice across our network of properties (subject to availability).

The response to the competition has been excellent. Girma confirmed, “We are receiving a lot of entries. Of course some are amateurish ramblings but there are others that are absolutely awesome. It is going to be very hard to select a winner that will be done by a special panel of journalists and marketing experts led by our agency MPJ – Marketing Pro-Junction.”

Last date for submitting entries is March 31, 2012. Terms & Conditions Apply.

For more information visit http://www.coral-international.com#]

publié le 28 September 2010

Boeing forecasts a 7.1 percent growth rate in Middle East air travel

Press release

[# Boeing, the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined, forecasts a 7.1 percent traffic growth rate in Middle East air travel over the next 20 years.#]

[#Martin A. Bentrott, Vice President, Sales, Middle East, Central Asia and India, Boeing, said: “The Middle East continues to outperform the rest of the world in air travel growth and is poised to continue growing over the next 20 years. In fact, Middle East demographics, where over half the population is under the age of 25, favour continued growth since younger people will account for much of the future market.”

Confirming the Middle East’s growth potential, Boeing has announced its participation as platinum sponsor and exhibitor at the fourth edition of AVEX International Airshow – the Africa and Middle East aviation platform.

AVEX is scheduled to take place from November 7th – 10th at Sharm El Sheikh International Airport, Egypt. The event focuses on the Africa and Middle East region’s aviation sector and gathers key decision makers who are looking to expand in Africa’s untapped aviation market. (For more information on AVEX, visit www.avexairshow.com).

“The Middle East is an extremely important commercial aviation market that’s growing at a substantial pace. We are keen to support that growth by providing the right products at the right time,” Bentrott said. “AVEX is an important event for the region’s aviation industry and we are proud to be able to support this initiative as a sponsor and exhibitor.”

According to a recent IATA report Middle East carriers are expected to post a profit of $100 million this year, even as they gain market share by attracting increasing numbers of passengers from Europe to the Asia-Pacific region, through their hubs. Boeing sees a requirement for 2,340 new airplanes in the Middle East by 2029 and predicts that the market will continue to be dominated by twin-aisle, long-range airplanes, which will account for almost 43 percent of the demand.

About Boeing

Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Boeing is organised into two main business units: Boeing Commercial Airplanes and Boeing Defence, Space & Security. Supporting these units is Boeing Capital Corporation, a global provider of financing solutions; the Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes. Boeing has customers in more than 90 countries around the world and is one of the largest US exporters in terms of sales. Headquartered in Chicago, Boeing employs more than 158,000 people across the United States and in 70 countries. This represents one of the most diverse, talented and innovative workforces anywhere.

About AVEX

Organised every two years, AVEX International Airshow 2010 is the Africa and Middle East region’s platform for international aviation. The four day event, organised by naseba, is held under the patronage of the Egyptian Ministry of Civil Aviation at Sharm El Sheikh International Airport. Gathering key aviation decision makers, AVEX focuses on the Africa and Middle East region’s rapidly expanding aviation sector and aids business expansion, the formation of new client-partner relationships and cross border partnerships.#]

publié le 10 November 2015

Boeing plans to establish Middle East Headquarters at Dubai South

press release

Boeing today announced at the Dubai Airshow a Memorandum of Agreement with Dubai South, outlining the company’s intention to establish its Middle East headquarters in the city’s Aviation District.

The agreement was confirmed at a private signing ceremony attended by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, chairman, Dubai Aviation City Corporation (the parent organization of Dubai South); Khalifa Al Zaffin, executive chairman, Dubai Aviation City Corporation; Dennis Muilenburg, Boeing president and CEO; Raymond Conner, president and CEO, Boeing Commercial Airplanes; Marc Allen, president, Boeing International; and Bernard Dunn, president, Boeing Middle East, North Africa and Turkey.

Speaking at the ceremony, High Highness Ahmed Bin Saeed Al Maktoum, said: “I congratulate Boeing on its strategic decision to establish its regional headquarters at Dubai South – a city that embodies Dubai’s aerospace vision. I am confident that the new address will deliver a solid advantage to Boeing as it seeks to expand its footprint in Dubai and in the region.”

The agreement details a framework for Boeing’s operations to be housed at the recently rebranded Dubai South, previously known as Dubai World Central, which will include Boeing Middle East’s headquarters, a spare parts warehouse, a distribution facility and a maintenance training facility to service the region. The aim is to solidify plans in 2016 and commence operations by the end of 2017.

“Boeing is the world’s leading aerospace company, and to ensure our regional competitiveness, we have taken a strategic decision to establish our regional headquarters in what will become an unrivaled logistics and aviation hub,” said Muilenburg.

“This agreement demonstrates Boeing’s commitment to our customers in the region and support for the Dubai government’s vision for Dubai South.”

In July 2016, Boeing will celebrate its 100th anniversary. Building on the company’s inspiring legacy, Boeing wants to build an even better future, globally and in the Middle East.

Photo Caption: The agreement being signed by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, chairman, Dubai Aviation City Corporation (the parent organization of Dubai South) and Dennis Muilenburg, Boeing president and CEO.

About Boeing
Boeing is the world’s largest aerospace company designing and manufacturing commercial and military airplanes, rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing is the prime contractor for the International Space Station.

The company also provides numerous military and commercial airline support services. Boeing provides products and support services to customers in 150 countries and is one of the largest U.S. exporters in terms of sales. Headquartered in Chicago, Boeing employs more than 165,000 people across the United States and in more than 65 countries. Total company revenues for 2014 were more than $90 billion.

About Dubai South
Dubai South – the rebranded Dubai World Central – is an emerging 145 sq. km. city situated within the emirate of Dubai that will ultimately sustain a population of one million. Launched as a Government of Dubai project in 2006, the city is mandated to embody the vision of His Highness Sheikh Mohammed Bin Rashed Al Maktoum by manifesting the urban and societal themes as outlined in the Dubai Plan 2021.

These themes relate to becoming a city of happy, creative and empowered people, an inclusive and cohesive society; the preferred place to live, work and invest, a smart and sustainable city, and a pivotal hub in the Dubai South’s economic platform supports every conceivable kind of business and industry. The city is also home to the now-operational Al Maktoum International Airport –the largest airport in the world when complete – and the World Expo 2020.

publié le 16 September 2008

Bolloré Africa Logistics :the newly created corporate name to drive all Bolloré Group’s transport and logistics businesses in Africa

Bolloré Africa Logistics is the new corporate name to drive all the Bolloré Group’s transportand logistics businesses in Africa. Each of the companies in the Bolloré Group network in Africa (SDV, Saga, Transami, Antrak, Socopao, Afritramp…) will continue to trade under its
existing name but will benefit from its affiliation with Bolloré Africa Logistics while retaining its own specificity.

The strength of Bolloré Africa Logistics derives from the diversity and
complementarity of its constituent companies and above all from their capacity to work
together in an interconnected network. From now on, Bolloré Africa Logistics will be their
common signature.
The African continent is currently undergoing profound changes as new global operators
establish a presence there, as economic growth accelerates and market participants face
new challenges. Bolloré Africa Logistics has anticipated and supported these developments
which have a direct impact on its businesses. After several years of strong growth, Bolloré
Africa Logistics is now taking an essential step towards consolidating its network and using it
to drive an ambitious business development agenda. The choice of a new corporate name
aims to give the network a strong and clear identity in the face of increasing competitive
pressures, to combine the skills and strengths of a number of companies from different
backgrounds and to offer customers a clear and readily identifiable range of services.
Bolloré has been working in most African countries for the past 50 years and currently
employs nearly 20,000 people in 200 branches and 41 countries. With 5 million sqm of office
space, warehouses, yard facilities and workshops all over Africa, the Group has an
unparalleled network and range of complementary businesses which span the continent from
Dakar to Mombasa and from Cape Town to Algiers, including container terminal
management, door-to door corridor operation and capital project logistics management. With
turnover expected to be €1.6 billion in 2008 (up from €1 billion in 2004) and €200 million of
planned capital expenditure, the Group makes a key contribution to Africa’s economic and
social development.
Vincent Bolloré commented: “Companies throughout the world are seizing new business
opportunities in Africa which is playing an increasingly important role in the process of
globalisation. Transport and logistics are, and always will be, at the heart of these
developments. Today, The Bolloré Group is uniquely placed to support their efforts”.
Dominique Lafont, CEO of Bolloré Africa Logistics added “The new corporate name Bolloré
Africa Logistics gives us an opportunity to drive our energies to strengthen our shared
culture, to position our network as a benchmark present all over Africa and mastering every
segment of logistics, to add value to our companies by highlighting their complementarity and
last but not least, to underline our market leadership in Africa”.

Profile of the Bolloré Group

Founded in 1822, the Bolloré Group is one of the 500 leading international groups. From its historic beginnings in thin papers,
the Group has set about diversifying into areas where it can be a market leader. This diversification of activities enables it to
spread its risks better.
It is now a player in plastic films for capacitators and packaging, electric batteries, thin papers, transport in Africa (freight
forwarding and stevedoring, railways) and international logistics, fuel distribution and dedicated terminals and systems.
Since the year 2000, the Group has been investing in communication and the media, in order to become a significant player in
the industry. Today, the Group has interests in Digital Terrestrial Television (DTT), freesheets, logistics for the film and TV
industry, advertising, market research and telecommunications.
In addition to these lines of business, the Group manages extensive financial assets including plantations and financial holdings.
Listed on the stock exchange, the majority of the Groups’ equity is controlled by the Bolloré family. This shareholder stability
enables it to pursue an investment policy focussed on value creation in the long term.
The Group has 32,300 employees worldwide. In 2007, it recorded turnover of €6.399 billion and net profits of €348 million.


Press contacts:
DGM Conseil
Euro RSCG C&O
Michel Calzaroni
m.calza@dgm-conseil.fr
+33 1 40 70 11 89
Paul Michon
+33 1 58 47 95 18
paul.michon@eurorscg.fr
Agathe Coustaux
agathe.coustaux@eurorscg.fr
+33 1 58 47 95 35

publié le 22 May 2010

Burj Khalifa welcomes its first residents in Armani Residences UAE,

[# Burj Khalifa, the world’s tallest building described as ’A Living Wonder’ now has its first residential community. The world’s first Armani Residences in Burj Khalifa recently welcomed its first residents.#]

[#Close on the heels of the launch of the world’s first Armani Hotel in Burj Khalifa, Emaar Properties, the developer of the mixed-use tower, has handed over homes to buyers of Armani Residences, who now have the world’s most prestigious address.

Mr Ahmad Al Matrooshi, Managing Director – UAE, Emaar Properties, said: “From ‘History Rising,’ to ‘A Living Wonder,’ Burj Khalifa has now truly come to life with the first residential community in the luxurious Armani Residences.”

He added: “Already, with the opening of Armani Hotel Dubai, the tower is buzzing with activity, and with the imminent hand-over of The Residences and The Corporate Suites, Burj Khalifa will become a vibrant lifestyle community.”

Home-owner orientation for The Residences, luxury homes in Burj Khalifa, and The Corporate Suites, a collection of high-end offices also in the tower, is currently underway.

Armani Residences is developed through a collaboration of Emaar and Giorgio Armani S.p.A. Personally designed by fashion legend Giorgio Armani, the one- and two-bedroom apartments in Armani Residences celebrate luxurious modern living. Located on levels 9 to 16 of the tower, they offer spectacular views of the city and Downtown Dubai.

Ranging in size from 100 to 200 sq metres, the homes are a reflection of Giorgio Armani’s personal approach to elegance and style. Every aspect of the home has been carefully designed to reflect his impeccable and refined taste.

Residents will have access to the range a host of amenities at Armani Hotel Dubai including eight innovative outlets and a serene spa. In addition to the highest standards in security and safety and 24x7 support services, the homes feature smart-home technology and have fully automated systems for security, temperature and drapery control, lighting, and air-conditioning. The fittings and finishes are to world-class standards – every aspect designed by Giorgio Armani.

Among other amenities in Burj Khalifa are four swimming pools, an exclusive residents’ lounge, health and wellness facilities, and At.mosphere, the world’s highest fine dining restaurant at Level 122.#]

www.emaar.ae

publié le 6 January 2010

Burj Khalifa: a new start for Dubai

[#The official opening is now more about Dubai trying to regain its previous optimism and ambition. Emaar Properties will be hoping the celebrations offer a chance to forget the past 12 months and start afresh#]

The Gulf does not have a long tradition of constructing tall buildings. With convention dictating that buildings should not be higher than the local mosque, many Arab states have stuck to low-rise architecture.

The recent economic boom turned that tradition on its head, with skyscrapers being built all around the Gulf. The most impressive, the 818-metre-high Burj Dubai renamed Burj Khalifa.

[#The project was launched in 2003, the same year the 1-kilometre-tall, 120-storey Nakheel Tower in Dubai was announced. Kuwait’s proposed 1,001-metre Mubarak al-Kabir tower was unveiled in 2006. In Qatar, the 570-metre Doha Convention Centre Tower was announced the same year. Jeddah’s mile-high Kingdom Tower was launched two years later.

The downturn has led to the Nakheel Tower being cancelled and the Doha and Kuwait projects being put on hold, while the Kingdom Tower project has been scaled back. So it is all the more surprising that it is Dubai – the Gulf economy hit hardest by the downturn – that has managed to complete a record-breaking tower.

The lack of progress on the rival projects puts the achievement into perspective. Having modified the design after construction had already started, to make the tower more than 100 metres taller, engineers had to overcome unprecedented technical and logistical challenges, from pumping concrete higher than ever before to ensuring that up to 12,000 workers could be on site on time every day.

When it was conceived, the Burj Dubai was to have been a celebration of the emirate’s transformation into a world-class financial and commercial hub. But its official opening on 4 January is now more about Dubai trying to regain its previous optimism and ambition.

Having been hit hard by the global financial crisis in 2009, the tower’s developer, the local Emaar Properties, will be hoping the celebrations offer a chance to forget the past 12 months and start afresh.
#]

publié le 25 January 2011

Business visitors qualify for extra perks in new deal from Coral Deira-Dubai

[#Specifically targeting business visitors to the city, the Coral Deira – Dubai is offering a competitive rate and unrivalled extras on a year-round basis, designed to appeal to the travelling executive.#]

[#The nightly rate offered is AED 450, and this includes not only unlimited Internet access and free breakfast, either in-room or at the Al Nafoora restaurant, but also discounts on laundry and food and beverage bills plus a welcome fruit basket and free transfers to the Deira City Centre.

In addition, all guests on this package will receive an upgrade to a suite when available, with VIP services and amenities, and will also qualify for free transfers and access to the sports and recreation facilities at the Coral Beach Resort – Sharjah.

According to general manager, Mohammed El Kahla, the promotion has been designed to address every requirement of the business guest, meeting the need for comfort, communications and creative leisure.

“Executives have to be in touch through the Internet; they expect quick service and a responsive staff who can attend to their every need, and they appreciate the opportunity to relax if they have a few hours to spare. With this package, the Coral Deira – Dubai can service all these requirements.

“In addition, we are offering a competitive set rate, valid year-round, that accommodates the corporate desire to know in advance exactly how much they are paying for a room in Dubai, rather than being subject to the seasonality of demand.”

Coral Deira - Dubai is strategically located in the commercial hub of Dubai within easy reach of main business establishments and leisure districts. It is just 10 minutes’ drive from Dubai International Airport, close by the legendary Dubai gold and spice souks and a short walk from popular shopping centres.

More information from
+ 971 4 2128234 / 2128235,
email: reservations@coral-deira.com
or visit www.coral-deira.com#]

publié le 21 April 2014

Business Bay, JLT and DIFC rank amongst top commercial locations so far in 2014, reveals propertyfinder.ae

press release

Business Bay continues to dominate the list of Dubai’s most searched district for buying and renting office space in Dubai in the first quarter of 2014, revealed propertyfinder.ae, the UAE’s leading property portal. The website, which recently released their Q1 2014 report covering the latest real estate trends in the UAE, also noted a 35 and 55 percent quarter-on-quarter rise in sale and rental values respectively, of commercial property in Dubai.

"Whilst the top two locations for buying office space in Dubai, namely Business Bay and Jumeirah Lake Towers have not changed, we have seen a 15 percent increase in views of properties in these locations, quarter-on-quarter. In addition, DIFC, which placed 9th in Q4 2013, has moved up in popularity, securing third spot and a huge 45 percent hike in property views, over the same period. This year’s results are particularly interesting because they reflect a huge uptick in the rate of growth of the commercial real estate sector, which has been trailing behind the residential market in terms of pricing and investor and tenant interest," commented Michael Lahyani, CEO and Founder of propertyfinder.ae.

With Dubai emerging as a go-to investment destination for the world’s wealthy and it being one of the world’s fastest growing premium property markets, international investors are driven to seek opportunities in the emirate. Whilst Indian, British and Pakistani nationals account for majority of the foreign investment into the Dubai property sector, interest from other overseas markets is also growing. For instance, Chinese investors are ramping up their investment in the Middle East in order to diversify their asset base. In January this year, the government issued a law establishing the Dubai Investment Development Agency to boost Dubai’s reputation as an international business hub and attract investors to set up projects in the emirate.

Adding that property values are expected to rise markedly in line with the improving investment climate and economic confidence in 2014, Lahyani said, "Office sale and rental prices are rising, providing strong capital returns and yields for investors. For instance, rents in Business Bay in Q1 2014 were 27 percent higher than those in Q1 2013 whilst leasing prices in Jumeirah Lake Towers rose by over 15 percent during the same period. With over 250,000 jobs estimated to be created within the next six years, more multinationals and start-ups are expected to establish offices and invest in expansion in Dubai. This is in turn likely to cause consumers to spend more and positively impact businesses."

For more information on this release or to access the complete quarterly report, please contact Anna Lucas at anna@propertyfinder.ae.

About propertyfinder Group of online portals

Established in 2007, propertyfinder.ae, propertyfinder.qa, propertyfinder.eg, propertyfinder.com.lb, propertyfinder.bh and sarouty.ma are the leading group of property portals across the Middle East dedicated to creating the largest real estate community of buyers, sellers, renters, brokers and developers. Available in both English and Arabic, our websites provide visitors with comprehensive search facilities covering residential and commercial properties, real estate news, home advice and buying and selling guides, while agents enjoy access to the region’s largest potential audience of property seekers.

Consumer experience is paramount in everything we do and this is reflected in the design, content and navigation of all our portals. Our current traffic statistics show us as a leader in the industry with 900,000 visits and 120,000 enquiries per month. Visits have grown by over 105% in the last 12 months and an impressive 298% in the last two years.

A winner of the ’Dubai SME 100’ for the second consecutive cycle, the 2013 SMEinfo ’Online Business of the Year’ and the Arabian Business Start-Up ’SME of the Year’ titles and the ’Arabia Fast Growth 500’ award in 2012 and with a presence in the UAE, Qatar, Egypt, Lebanon, Bahrain and Morocco, the propertyfinder group is one of the fastest growing companies in the region. The Group aims to be in a total of nine countries, with a focus on the GCC and other parts of the Middle East in the coming months.

www.propertyfinder.ae
www.propertyfinder.qa
www.propertyfinder.eg
www.propertyfinder.com.lb
www.propertyfinder.bh
www.sarouty.ma

publié le 1 February 2014

Celebrating love at Amwaj Rotana-Dubai

This Valentine’s, get away from the routine of daily life and celebrate love at Amwaj Rotana Jumeirah Beach – Dubai

Amwaj Rotana, Jumeirah Beach Residence, is delighted to offer the lovebirds an unforgettable Valentine’s this year. The utmost romantic experience is promised with the best packages.

An Air of Romance

As we go into Valentine’s season, plan a special outing for you and your partner.
At Benihana, say Aishite Imasu, Japanese for “I love you” with a special Valentine’s menu. Or, say “ti amo” at Rosso instead with an authentic Italian meal that is sure to evoke your senses inside and out. At Horizon, encounter an abundance of food to match the abundance of romance on this occasion.
How will you say Happy Valentine’s this year?
Special Valentine’s menus will feature luxurious ingredients guaranteed to exude an air of romance such as truffle, golden saffron, passion fruit and the love essential, dark chocolate.

- Valentine’s buffet at Horizon: AED 199 per person (soft drinks, juices and water) / AED 279 per person (including free flow of house beverages)
- 4-course menu at Benihana: AED 259 per person (food only)
- 4-course menu at Rosso: AED 259 per person (food only)

A Love of Chocolate

Many people’s love for chocolate is pure and simple. Nothing can take the place of this classic, especially not at Valentine’s.
1 – 14 February
Atrium
Even if you aren’t a chocolate lover, chances are that you have given someone chocolate as a gift.
Chef Gianluca and his team will keep themselves busy in our kitchen whipping up treasurable chocolate delights for the season of Valentine’s and proudly displayed at Atrium for you to take home a piece.
Tease your taste buds with luxurious chocolates made from an array of tasty ingredients like nuts and fruits in white, milk and dark chocolate.

For reservations or more information, please contact us on +971 (0)4 428 2000 or via email at fb.amwaj@rotana.com.

Celebrate Love

Amwaj Rotana will whisk you away on a romantic journey where you can enjoy a luxurious stay with breakfast, dinner at Rosso and an Aromatherapy massage for two.
You can surprise your loved one with a bouquet of flowers, bottle of sparkling wine and pralines in the room too.

To book your romantic spot this Valentine’s, call +971 (0)4 428 2000 or via email at reservations.amwaj@rotana.com.

Terms and Conditions:
- Offer is subject to availability
- Offer is valid for stays between 13 - 15 of February 2014
- Other terms and conditions may apply

About Rotana

Rotana currently manages a portfolio of over 85 properties throughout the Middle East and Africa with an aggressive expansion plan in place. Rotana has chosen to acknowledge how precious time is by making all time spent in their range of hotels ‘Treasured Time’. This means Rotana has pledged to understand and meet the individual needs of all guests. In so doing, Rotana has evolved its product brands to include, Rotana Hotels & Resorts, Centro Hotels by Rotana, Rayhaan Hotels & Resorts by Rotana and Arjaan Hotel Apartments by Rotana. Treasured Time. The Rotana promise to you.

Further information on any Rotana property, its brands or reservations can be obtained by visiting rotana.com or by contacting one of the regional sales offices.

publié le 28 March 2011

Chedid Re selects Qatarlyst technology

[#Chedid Re has strengthened its presence in the financial services market by utilizing the insurance transaction software Qatarlyst to provide advanced business processing solutions to its growing client base.#]

[#Chedid Re partners now benefit from the decision to adopt Qatarlyst, a new solution developed by the Qatar Financial Centre Authority (QFC Authority) to streamline insurance transactions through the intelligent use of sophisticated yet accessible technology.

Commenting on Chedid Re’s decision to introduce Qatarlyst, Managing Director Mr. Jihad Ghanem said: “Our growth plans across all our markets and products are keeping pace with the market developments. This growth cannot be achieved without state-of-the-art technology. So, we believe that the Qatarlyst solution is the right choice which will provide key benefits for all Chedid Re stakeholders”.
Qatarlyst is a web-based solution accessed via a standard web browser from anywhere in the world, making it both cost-effective and ideal for Chedid Re transactions. With robust security architecture and the ability to link directly and securely to in-house systems, Qatarlyst offers the flexibility of the web with the stability of high-cost internal systems and architectures.

James Sutherland, Qatarlyst’s Chief Executive Officer, said: "We are delighted that Chedid Re has selected Qatarlyst to help them improve efficiency, manage information and control their (re)insurance placement and acceptance activities. Chedid Re’s decision proves that leading brokerage firms have identified Qatarlyst as a trusted business partner offering a winning combination of flexibility and security.”
One of the MENA regions fastest growing reinsurance brokers, Chedid Re delivers comprehensive reinsurance and retrocession treaty and facultative solutions to over 170 insurance companies spread in 22 countries in the MENA region and Europe through offices in Beirut, Dubai, Limassol and Riyadh. Chedid Re has won the prestigious Reinsurance Broker of the Year award from the MENA Insurance Awards in both 2010 and 2011.

About Qatarlyst

Qatarlyst S.P.C. is ultimately owned by the Qatar Financial Centre (QFC) Authority. It has been established to underpin Qatar’s commitment to developing into a leading reinsurance and captive insurance hub.
Qatarlyst, has worked closely with some of the region’s most influential and important insurance and reinsurance companies, as well as leading brokers, to create a solution that boosts operational productivity, accelerates placement and acceptance at the same time as increasing#]

publié le 30 January 2011

Chedid Re wins the 2011 Reinsurance Broker of the Year award

Press release

[#Chedid Re has been named “2011 Reinsurance Broker of the Year” for the second year in a row by the MENA Insurance Awards (previously Gulf Insurance Awards). The prestigious award was presented to Chedid Re Chairman Mr. Farid Chedid during the competition’s 2011 awards ceremony, held at The Address in Dubai.#]

JPEG - 8.1 kb
Farid Chedid: “Winning this leading award two years in a row is a tribute to our excellence”

[#
A distinguished panel of judges comprising eminent industry leaders, practitioners and regulators from MENA and global markets agreed that product innovation, integrity, strong financial performance, commitment to customers and a proven track record of success set Chedid Re apart from all other reinsurance brokers in the region.

Receiving the award, Mr. Farid Chedid said: “It is a great honor to be named ‘2011 Reinsurance Broker of the Year’ at the MENA Insurance Awards. Winning this leading award two years in a row is a tribute to the excellence of our team members and an acknowledgement of the leading position Chedid Re holds within the reinsurance industry.”

“We are extremely gratified to receive this recognition of our contributions. Chedid Re remains committed to our innovative approach in developing reinsurance business relationships, providing our clients with expert reinsurance solutions, and building a stronger reinsurance industry in the key global market.”

One of the fastest growing reinsurance brokers in the MENA region, Chedid Re delivers comprehensive reinsurance solutions to over 170 insurance companies in MENA and Europe through offices in Beirut, Dubai, Limassol and Riyadh. For more information please visit www.chedidre.com#]

publié le 24 August 2010

Christian Louboutin boutique to open in Dubai

Christian Louboutin is to open a boutique in Dubai’s Mall of the Emirates Fashion Dome on September 1st. The opening will mark the first boutique of the designer’s in the UAE and will offer styles for both men and women. The boutique will be the company’s third in the Middle East after openings in Jeddah, Saudi Arabia and Beirut earlier this year.

publié le 7 January 2014

Classical French cuisine genius Christophe Muller to head promotion at Sofitel Abu Dhabi Corniche

Paul Bocuse protégé will head a promotion at La Mer seafood restaurant, at the five-star Sofitel Abu Dhabi Corniche, from February 10-13.Masterchef Christophe Muller, who leads the kitchen at the three-Michelin-star L’Auberge du Pont de Collonges – the Lyon gastronomic home of Paul Bocuse – will also headline a chateau dinner at Sofitel on February 11, in conjunction with Domaine de Montille and Château de Puligny-Montrachet.

Chef Christophe is one of the few culinary recipients of the coveted Meilleurs Ouvriers de France which honours the Republic’s finest craftsmen.
www.gourmetabudhabi.ae

publié le 17 January 2010

Club Med considers Abu Dhabi resort

Family-focused French holiday company Club Med is in talks with firms in Abu Dhabi and Ras Al Khaimah as it considers launching a resort in the UAE. According to the National, Abu Dhabi is a front runner due to is availability of beaches, environmental policies and tourism strategy that emphasises culture and nature. Last week, Club Med signed a deal with Oman’s Muriya Tourism Development to open a luxury resort in Salalah, due to begin operations in late 2012.

publié le 3 December 2009

Commercial launch of the new hybrid vehicle: the Automotive Terminal Trailer

[#Gaussin announces the official commercial launch of its
motorised ATT (Automotive Terminal Trailer) vehicle in the Middle East on 3 November. The
level of investment deployed over the more than two years, confirmed in numerous patents,
allows us a glimpse of significant development potential for the coming years.#]

A unique vehicle on the market

The ATT – Automotive Terminal Trailer – is a revolutionary vehicle that significantly reduces the
operating costs of port operators, while introducing a major innovation in terms of greenhouse gas
reductions.
To achieve this, the ATT is protected by no less than 13 registered patents, including, in particular:

    • HERO STOP & START, reducing fuel costs by 30 to 50% (conformity with Tier III B Standards when they come into effect in 2010);
    • The POWER PACK, which concentrates the energy the vehicle needs in a detachable container;
    • The QUICK MOVE concept that reduces maintenance costs by 60 to 70% and the extraction of the Power Pack in less than 20 minutes. In total, twenty two major functionalities never before seen on the market are offered to Port Operators. The vehicle, that conforms to EC Regulations, has given rise to the granting of certificates issued by independent bodies (TUV, Bureau Veritas, Apave).

An innovation perfectly suited to the new economic constraints of port operators.

The launch of the ATT is a boon to a market constantly striving for gains in productivity: after a fall
of 20% in the first half and an upturn in the summer, the annual global volume of container handling
(425 million) is expected to fall by a total of 10% in 2009. Forecasts predict rise of 1.5% in 2010 and
8% in 2011 (source: Cargo Système and Drewery Shipping Consultant).
With a unique availability rate of close to 100% and a maintenance cost reduced by 60 to 70%, the
ATT thus offers port operators an avant-garde tool to meet their productivity objectives.
Demonstrations will be organised with the major players in the sector in the Middle East from the
beginning of November and though into 2010.
./..
Find out more about the performance, the initial testimonials, and the technology on the Internet
sites www.attbygaussin.com and www.powerpackbygaussin.com as of 2 November.

Continued suspension of the GAUSSIN share price

GAUSSIN informs its shareholders that the suspension of the GAUSSIN share price will continue,
pending the conclusion of negotiations currently being conducted by the company. The share price
is expected to resume between now and the end of the year. An immediate press release will
announce this resumption.

About GAUSSIN

GAUSSIN MANUGISTIQUE® specialises in auditing handling procedures and the production of
wheeled systems for implementing and transporting heavy, cumbersome or fragile loads. With more
than 100 years’ experience, GAUSSIN, with more than 50,000 handling vehicles throughout the
world, enjoys an excellent reputation in the four markets currently undergoing considerable
expansion which are Energy, Transport, the Environment and Raw Materials. GAUSSIN
MANUGISTIQUE® has been listed in the Marché Libre at Euronext Paris since July 2006.

Contacts:
Christophe GAUSSIN
invest@gaussin.com
03.84.46.13.45
Nicolas MEUNIER
_ nmeunier@actifin.fr
01.56.88.11.11
Find out more about GAUSSIN at www.gaussin.com

publié le 30 September 2015

Composites are revolutionary to the 21ST Century industry as shown at JEC Forums 2015 In Boston

press release

The 4th session of JEC Forums gathered major Industry leaders around 2 days of high-level conferences discussing Efficiency in Design & Production for Aeronautics & Automotive. As JEC Group President & CEO Mrs Frédérique Mutel says:“Composites are revolutionary materials that move the 21st Century industry. The Boston JEC Forums presented the needs of this Century and how our materials are designed and manufactured to bring lightness and flexibility”.

The first day focused on Design, Optimization and Simulation. Speakers from TPI Composites, Stanford University, Chomarat, GSEa Design and CETIM discussed Design optimization: the end of the black metal approach while speakers from Dassault Systemes, CompoSIDE and GE-Global Research Center presented papers on "Simulation: combining speed and accuracy".

On the second day, speakers from Altair Engineering, MIT, LUNA lnnovation, e-Xstream and Purdue University raised the question and answers of "How can production ramp-up goals be met in the aeronautics industry?" Finally, experts from CETIM, TU Munich, SGL Group, IACMI, Lamborghini, Dieffenbacher North America and Coriolis Composites addressed the issues of "Cost-competitive solutions for mass production in the automotive industry".

Growing success of JEC Simulation Composites Circle

JEC Forums 2015 was also the stage of the 2nd Simulation Composites Circle where top composites leaders in the Simulation sector gathered to exchange and share on this topics. This exclusive networking circle is designed to cover the entire spectrum of the composites supply chain, including OEM’s, Tier 1 Engineers and Manufacturers, Designers, Equipment Suppliers and Raw Materials Producers. This international networking club attempts to bring together the key strategic decision makers, top managers and executives around the state-of-the-art of virtual design, simulation and analyses of composites materials and structures. This year participants included Lamborghini, Dixie Chemical, Altair, Oracle Team USA, Siemens PLM Software, E-xstream, IACMI, Dassault Systèmes, Chomarat NA, Ashland, Autodesk, BASF... with keynote speeches from JAG Composites and GE-Global Research Center.

JEC FORUMS 2016 dates and location have been revealed. Save the dates: JEC FORUMS 2016 in Knoxville, TN in September 2016 in partnership with TVA, ORNL, the State of Tennessee and Knoxville Chamber of Commerce.

About JEC Group

With a network of 250,000 professionals, JEC is the largest composite industry organization in the world.JEC represents, promotes and helps develop composite markets by providing global or local networking and information services. Through Knowledge and Networking, JEC’s experts offer a comprehensive service package: the JEC publications – including strategic studies, technical books and the JEC
Composites Magazine – the weekly international e-letter World Market News and the French e-letter JEC Info Composites. JEC also organizes the JEC World Show in Paris – world and European leader, strongly supported by the industry and five times bigger than any other composites exhibition – JEC Asia in Singapore and JEC Americas in Atlanta, Boston and Houston; the Web Hub www.jeccomposites.com;
the JEC Composites Conferences, Forums and Workshops in Paris, Singapore, Atlanta and Boston; and the JEC Innovation Awards program (Europe, Asia, America, India and China). The composite industry employs 550,000 professionals worldwide and generated $70 billion worth of business in 2014.

publié le 29 September 2012

Confirmation on GFH Capital’s involvement in the deal to acquire Leeds United

press release

[#Further to the news published in the Gulf Daily News (Bahraini Newspaper) on the 25th and 26th Sep 2012, referring to the proposed acquisition of Leeds United Football Club (LUFC).

Gulf Finance House (GFH) would like to confirm that GFH Capital Limited, a 100% subsidiary of Gulf Finance House, has signed an exclusive agreement to lead and arrange the acquisition of Leeds City Holdings, the parent company of LUFC.

According to a recent study released by Deloitte, LUFC is one of the best supported clubs in English Football with a higher average match day attendance than most Premier League teams. In addition, LUFC has a large and passionate fan base and a rich history of success in English Football over the last 40 years.

Football teams in England have recently received a significant revenue boost due to the re-negotiation of broadcasting rights and it is expected that from next season each team in the Premier League will receive a minimum of GBP 60m per season due to the increase in broadcasting rights. LUFC would also benefit from this if it can achieve promotion to the Premier League.

Due to a confidentiality provision, no further details can be given about the commercial terms of the transaction.#]

publié le 17 February 2008

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For information concerning the heading News § Societies contact the editor in chief at: redaction@dubaifrance.com

The team Dubaifrance.com, France-moyenorient.com

publié le 25 January 2011

Coral Beach Resort – Sharjah launches Incentive Scheme for the Travel Trade

[#In a bid to encourage travel agents to book clients in to the Coral Beach Resort – Sharjah, the hotel sales team has devised an incentive scheme offering rewards that extend to a 14-night free stay with air travel included.#]

[#According to general manager, Jean-Pierre Simon, the idea is to familiarise agents with the extensive facilities and attractions of the resort as well as encourage them to promote it to their clients.

“The travel trade is bombarded with information on a daily basis, and we want to keep the Coral Beach Resort – Sharjah front of mind as well as make it easy and rewarding to make bookings,” he said.

The ‘Divert and Land at Coral Beach Resort Sharjah’ scheme offers rewards for agents that book 200 or more room nights, starting with a double room for seven nights with breakfast included.

The more rooms sold, the greater the amount of perks, including airport transfers, meals, desert safaris, chauffeur-driven sightseeing, water park entry and free visas and air tickets.

The promotion is applicable for room nights produced between January 14 and March 22, 2011, and is open to all travel agent employees, valid for both group and FIT reservations – redemption of rewards can be made at any time during 2011 outside of peak periods for CIS visitors.

The Coral Beach Resort – Sharjah is located on one of the emirate’s principal sand beaches and features 156 spacious rooms as well as a range of leisure activities for all ages, including children’s pool, indoor playroom and complimentary Kid’s Club as well as tennis, badminton, volleyball and two outdoor swimming pools.#]

publié le 14 October 2010

Coral Deira – Dubai hosts Emirates Culinary Guild Monthly Meeting and Suppliers’ Showcase

[#The Rasoi Indian restaurant at the Coral Deira – Dubai was the venue for the recent meeting of the Emirates Culinary Guild, with more than 100 members in attendance to view the showcase of products and supplies on display.
#]

[#A wide variety of local manufacturers and importers used the meeting to touch base with the cream of the UAE’s culinary profession, some like EMF taking the opportunity to introduce cakes and chocolates suitable for the upcoming festive season, while others such as RAK Porcelain displayed new tableware ranges – a staple for many hotels in the country.

Among the tastings on offer were samples provided by Gulf Seafood, frozen food importer Aramtec and Fonterra, the latter with a range of dairy products.

According to Mohammed El Kahla, general manager of the Coral Deira – Dubai, the venue provided a perfect location for industry professionals to meet, mingle and exchange information: “Given the fact that the ECG is an association of professional chefs committed to the advancement of the culinary art in the UAE, it was an honour for us to host this showcase for them, and we are delighted that so many of the members involved in the preparation of food took time out from their kitchens to come along.”

Coral Deira - Dubai is strategically located in the commercial hub of Dubai within easy reach of main business establishments and leisure districts. It is just 10 minutes’ drive from Dubai International Airport, close by the legendary Dubai gold and spice souks and a short walk from popular shopping centres.#]

For more information about Coral Deira – Dubai visitwww.coral-deira.com

publié le 23 January 2011

Coral Suites Hotel – Fujairah named Official Hotel for the 3rd ITF Tennis Championship

[#From January 17th to the 22nd, one hundred and fifteen Junior Tennis players, representing fifty-one countries worldwide, participated in the 3rd edition of the Fujairah Junior Tennis Championships at the Fujairah Tennis & country club.#]

[#Over one hundred and eighty matches were played in Under-18 and Under-14 Boys and Girls Categories- including singles and doubles, which makes this tournament stand as one of the largest Tennis event for the calendar year.

The organizers were pleased to announce the Coral Suites Hotel - Fujairah as the Official Hotel for the tournament. The Hotel is assisting in ensuring this international tournament remains a success and exceeds all expectations by once again hosting all the players during their stay in Fujairah.

All players competed for valuable international ranking points. In addition to visiting players, there are visiting coaches, parents, friends and a full complement of regional ITF White Badge Officials and Supervisors. It is estimated this tournament brings close to two hundred visitors associated directly to the tournament in Fujairah each year.

Mr. Elie Tohme, General Manager of the Coral Suites Hotel – Fujairah said: “We congratulate all the players who continue to make this event memorable each year.” He added, “I would also like to take this opportunity to thank the many spectators who have been treated to the highest levels of international Junior Tennis each day.”

The tournament concluded on Saturday, January 22nd.

The Coral Suites Hotel, Fujairah is a charming property in the heart of the city. A 5-minute drive from Fujairah International Airport and the World Trade Centre, the hotel is well connected with the other emirates. Here visitors can soak in the ’sun n sea’ and savor the old world charm of Fujairah where life continues at a leisurely pace. With a laid back ambience, extensive gardens and secluded beaches, it makes for an idyllic getaway.#]

publié le 29 June 2010

Corp Exececutive Hotels Apartments - Al Barsha-Dubai Appoints New General Manager

[#Taking over the reins at the new Corp Executive Hotel Apartments – Al Barsha – Dubai is Aamir Pervez, who moves from his previous role as regional sales director at the management company, HMH (Hospitality Management Holdings).#]

[#The new brand is set to become the preferred choice of business travellers seeking service, comfort and every necessary facility at value-for-money rates, offering a modern boutique lifestyle that will appeal to leisure travellers too.

The hotel offers facilities ranging from concierge, valet and dry-cleaning through to all-day dining, 24-hour room service, wi-fi in all public areas, business centre, conference rooms, parking plus rooftop pool, Jacuzzi, sauna and steam and a state-of-the-art gym.

Corp Executive Hotel Apartments – Al Barsha – Dubai which is the first hotel to open its doors under the Corp brand. The challenge to establish a new brand during a period of consolidation in the hotel sector is one that Aamir relishes, particularly given his multi-cultural background that has given him a unique insight in to the requirements of a clientele that is made up of a vast range of nationalities.

He said, “We successfully soft launched Corp Executive Hotel Apartments last month and have enjoyed an excellent response from our guests. All through summer we have exciting promotions lined up that are designed to provide exceptional value to travelers this season. Starting from a special introductory daily rate to fabulous long-stay offer, we have marvelous promotions for both holiday makers and business seekers. We want to make Corp a cultural and social epicenter.”

Born in India and educated in New Delhi, Aamir chose to study to degree level in Europe, moving to Antwerp in Belgium to study for a Bachelor of Business Administration at the European university followed by diploma at Harlem Business School.

Starting out, multi-lingual Aamir – who numbers Urdu, Hindi, Dutch and English among his languages - chose to enter the fascinating world of diamond industry, working for two years in Belgium before moving on to become an international trading manager in Germany and then back to Belgium to work for Universal Telecom Services as operations manager.

The hospitality industry represented another new challenge for Aamir, who travelled to the Gulf to take up a new appointment in the sales team at the Coral Deira in 2006, where he rapidly found his feet and was promoted to become senior sales manager, later transferring to the Coral Boutique Villas as head of sales and marketing.

Success in implementing reservations and promotions strategy led to his further promotion, this time as general manager where he supervised prestigious key accounts as well as oversaw every aspect of operations of the property – winning an excellence award for his efforts.

A further feather in his cap was his latest role as regional sales director for HMH, where he led day-to-day operations of the sales department as well as developing strategy and establishing regional sales operations.

Now entrusted with the management of Corp Executive Hotel Apartments Al Barsha – Dubai, Aamir has a massive challenge at hand, which he is extremely excited about. He said, “We want to offer our guests amenities beyond the basic. We want them to find something special here and want them to come back to it.”
#]
For more information about Corp Executive Hotel Apartments – Al Barsha – Dubai
Visit www.corp-albarsha.com

For media contact:
Hina Bakht
Vice President
MPJ (Marketing Pro-Junction)
Mob: +971 50 6975146
Email: h.bakht@mpj-pr.com
www.mpj-pr.com

publié le 13 February 2011

Corp Executive Hotel Apartments Al Barsha – Dubai to Exhibit Works of Popular American Artist Jeff Scofield

[#Highlighting a commitment to support the arts, the Corp Executive Apartments – Al Barsha is to showcase a two-week exhibition starting March 3 featuring the works of local artist Jeff Scofield.#]

[#Organised with the support of the Dubai International Art Centre and held under the patronage of ASGC (Al Shafar General Contracting), the show will be launched with a special VIP and media preview on the evening of March 2.

American born Jeff Scofield has extensive experience in a number of artistic fields ranging from modern architecture through to Chinese brush painting which he studied under Oriental masters in Paris and Dubai.

After obtaining a master of architecture degree at Columbia University in New York, he studied art at the Beaux Arts in Paris, and, more recently, has taken up sculpture at the Dubai International Art Centre.
While working as an architect in Dubai, focused on modern buildings with an emphasis on sustainability, Scofield also enjoys creating more personal abstract art, combining vivid acrylic colours and mixed media with materials recycled from construction sites, including plywood, jute, fabric, wires, grilles and other metal objects.

Works range from riveting large outdoor installations to small intimate paintings, with a focus on unusual formats including narrow perpendicular pieces reminiscent of Chinese scroll paintings, which will form a centrepiece to the exhibition.
According to Aamir Pervez, general manager of Corp Executive Apartments – Al Barsha, the show will enable Jeff Scofield’s work to reach a wide audience in Dubai, from guests at the property through to residents and visitors.
“As part of our corporate philosophy, we aim to engage with the local community and events of this kind serve to both provide a platform to showcase a local artist’s work as well as a novel attraction within the hotel. Mr Scofield’s technical refinement is absolutely amazing and would be definitely very interesting for our guests.”
Located next to the Mall of the Emirates, Corp Executive Apartments – Al Barsha has 143 units, some with balconies, and all featuring a separate lounge, kitchen, guest toilet, bathrooms with walk-in showers and televisions in both living room and bedroom.
Facilities include free parking, access to the pool, gym and aerobics suite, international and a la carte dining at Mood,24-hour snacks and drinks at the Caffeine lobby lounge and poolside snacks at the Snug, plus 24 hour room service.

Further information from info.cpab@corp-hotels.com or www.corp-albarsha.com, telephone 00971 4 3164040.#]

publié le 6 June 2010

CORP Executive Hotel Apartments – Al Barsha, Dubai Launches Special Introductory Offer

[#The newly opened CORP Executive Hotel Apartments – Al Barsha, Dubai, has launched a fabulous introductory offer for its guests this season. A two bedroom apartment is priced at AED 399 net while a one bedroom apartment is available for only AED 299 net. The rates are inclusive of breakfast and complimentary Internet facilities.#]

[#Michel Noblet, CEO, HMH – Hospitality Management Holdings, said, “We are delighted to welcome our first guests with these special rates which are extremely attractive and will provide real value to travellers visiting Dubai this season. Our sales and marketing strategy is focused on establishing a strong presence of Corp Executive Hotel Apartments – Al Barsha – Dubai across the GCC, accelerating sales in key feeder markets and growing the business in mid-scale sector in existing and emerging markets.”

Airline arrivals in the region are showing positive growth of around 15%. Tourist arrivals are showing growth of 5 and 9%. GDP in the region is forecast to grow by 4.5%. Putting all this into context: The region still showed 1.3% growth in GDP.

Michel said, “Levels of occupancy in Dubai are still strong. Dubai has come out on top in terms of hotel occupancy and revPAR (revenue per available room) in the Middle East, as per figures from the first quarter of this year, analysed by Deloitte, the business advisory firm. This is a very promising scenario for Corp Executive Hotel Apartments – Al Barsha – Dubai.”

However, with 8,560 rooms due to open in 2010 and 7,623 rooms to open in 2011, according to Lodging Econometrics (LE), Dubai may experience further adjustments in hotel performance.

CORP Executive Hotel Apartments – Al Barsha, Dubai has been designed to appeal to both business and leisure travellers. The deluxe hotel offers contemporary 143 one & two bedroom apartment and is located only a short walk away from the Mall of the Emirates and its world-class attractions. Within 5 minutes drive are Media & Internet City, Jumeirah Beach and Emirates Golf Club. The metro will take guests to the gold souks, the financial district, the tallest building in the world Burj Khalifa, the Dubai Mall and even the Dubai International Airport.

Corporate guests are well served with a fully equipped Business Center and wireless Internet throughout the hotel. The 2 inter-connectable meeting rooms offering the latest A/V equipment and facilities will cater to an expected strong demand from corporate clients and conference delegates.

Further highlights include a state-of-the-art fitness center and aerobic studio, a rooftop outdoor swimming pool and Jacuzzi, a sauna and steam room providing a haven for guests seeking relaxing time out.

Diners can enjoy the all-day-dining room MOOD serving international buffet and a la carte breakfast, lunch and dinner. Alternatively the lobby lounge CAFFEINE stays open round the clock. For a more leisurely experience SNUG offers a bite at the pool bar.

Michel said, “We are very proud of our property. Its location is extremely convenient and the apartments are simply exceptional. Figures thus far exceed our initial forecasts and expectations.”

Part of the introductory offer is an online draw offering 5 people a chance to win 3 nights free stay at the hotel. The first winner will be announced on July 15, 2010 followed by others every subsequent week.#]

For reservations please
call +971 (0) 4 3164040
Mob: 00971 50 5091500
Email: f.matar@corp-hotels.com

publié le 6 December 2010

Countdown to the festive season with carols and more at the Grand Millennium Dubai

[#Launching a calendar of festive events, the Grand Millennium Dubai is to host a special evening of Christmas carols in its lobby on December 13, inviting guests, visitors and staff to join singers from the Wellington School International in a medley of traditional favourites.#]

[#
Starting at 6pm, the singing will accompany a tree lighting ceremony as general manager Alex Kassatly presses the switch to illuminate the magnificent Christmas decorations that festoon the lobby and public areas.

“We hope both guests and local residents will join us in what will be a joyous occasion setting the scene for the start of the festive season,” he said.

“With a host of options for Christmas and New Year to suit all tastes, we aim to cater for every requirement, but the lighting of the tree is a particularly significant occasion in which everyone can participate - and we are delighted to have the excellent choir from the Wellington School International to lead our carol concert.”

In addition, the Grand Millennium Dubai Christmas choir group will lend their voices to the occasion, ensuring a musical treat for the audience – who are invited to also take part in the musical extravaganza.

Located near the Sheikh Zayed Road adjacent to the Dubai Metro, the Grand Millennium Dubai plays host to a variety of restaurants – including Asian, Italian, Belgian and international cuisine - all with festive specials available through December to New Year and beyond.

For more information about the Grand Millennium Dubai visit#]
www.millenniumhotels.com

publié le 25 October 2013

Dassault Aviation: Dassault Aviation Unveils Falcon 5X, New Advanced-Technology, Long-Range Business Jet

presse release

Dassault Aviation today unveiled its biggest and most advanced Falcon jet. The Falcon 5X is a new-generation business jet with new a flight control system, new aerodynamics and other advanced technologies, many pioneered in Dassault’s military programs.

"The Falcon 5X is the new benchmark for the creative use of advanced technology in business aviation," said Eric Trappier, Chairman and CEO of Dassault Aviation. "Using design and manufacturing software and systems pioneered by Dassault, we have been able to build a larger, more comfortable and more capable aircraft that is also more environmentally friendly and much more economical to operate compared to other airplanes in its class."

"The Falcon 5X represents our biggest investment since the beginning of the Falcon programs," said Trappier. "It demonstrates our commitment to maintaining the technology leadership that we have displayed in this market since our first business jet flew fifty years ago."

Unveiled in Las Vegas at the National Business Aviation Association’s annual convention, the company hailed the Falcon 5X as an industry breakthrough, offering the largest cabin cross section of any purpose-built business jet and fuel efficiency as much as 50 percent better than competing aircraft.

The Falcon 5X represents an important addition to the Falcon product line, expanding its offering in the large-cabin segment. The new jet has a cabin height of six feet, six inches (1.98 m), an important consideration for passenger comfort on flights of 10 or 11 hours’ duration. The 16-passenger aircraft has a range of 5,200 nautical miles (9,630 km), connecting Los Angeles with London, Sao Paulo with Chicago, Johannesburg with Geneva or Paris with Beijing. Functionality and modern style blend in the cabin. The company conducted extensive research into new cabin technology and styling techniques that will greatly enhance passengers’ sense of spaciousness and comfort.

The new aircraft’s digital flight control system represents a major advance in making aircraft control more precise, easier and safer. The system integrates all moving control surfaces for the first time, including an additional control surface called a ’flaperon’, that allows steep approaches at slow and safe speeds. It also integrates nose wheel steering for safer runway handling in strong crosswind conditions and on wet or slick runways. Dassault Aviation is a leader in digital flight control technology having pioneered it on fighters four decades ago and having introduced the first business jet with digital flight controls, the Falcon 7X, in 2007.

Honeywell will provide the 5X with a new generation of the Falcon series’ EASy all-digital cockpit, as well as its most advanced radar, capable of detecting turbulence at greater distances than current models.

The cockpit will feature the industry’s most advanced "head-up display" technology, provided by Elbit Systems. The new HUD will combine "enhanced vision" and "synthetic vision" for unsurpassed situational awareness, even in total darkness, fog or dense haze. Enhanced vision uses infrared sensors to display terrain in darkness and reduced visibility. Synthetic vision uses a global terrain database for the same purpose. In the 5X, they will be combined for the first time on the head-up display providing a high fidelity view of the outside world even when actual visibility is zero.

The aircraft will be powered by new-generation Silvercrest engines from Safran Snecma, the French-based engine maker and 50-percent partner with General Electric in CFM, which builds the world’s best selling jet engine, the CFM56.

"The Silvercrest engine is 15 percent more fuel efficient than other engines in its power class; Emissions are dramatically lower than current standards, and the engine is remarkably quiet," said Trappier. "Dassault Aviation and Snecma worked closely to marry the aircraft and the engine for optimum efficiency and performance. The companies have a long history of close collaboration", Trappier noted. Snecma provides the M88 engines for the supersonic Rafale fighter.

Both aircraft and engines will have the industry’s most advanced real-time self-diagnosis onboard maintenance system. These computerized monitoring systems report service issues immediately to ground-based service hubs, so maintenance teams can begin to respond while the aircraft is still in the air. Snecma’s ForeVision(TM) health monitoring system, which equips the Silvercrest, can forecast when maintenance will be required several flights or even hundreds of flight hours in advance, making scheduling easier and ensuring availability of the aircraft when it is needed.

Falcon 5X airframe structures are already in production at several Dassault sites in France and at suppliers’ plants. New, more automated manufacturing technologies and streamlined production processes will reduce parts count and aircraft weight, and speed the assembly process.

To be priced at about $45 million in 2013 dollars, the Falcon 5X is expected to make its first flight in the first quarter of 2015 and to achieve certification before the end of 2016.

About Dassault Aviation

Dassault Aviation is a leading aerospace company with a presence in over 80 countries across five continents. It produces the Rafale fighter jet as well as the complete line of Falcon. The company employs a workforce of over 11,000 and has assembly and production plants in both France and the United States and service facilities around the globe. Since the rollout of the first Falcon 20 in 1963, over 2,250 Falcon jets have been delivered. The family of Falcon jets currently in production includes the tri-jets-the Falcon 900LX and the 7X-as well as the twin-engine 2000LXS and Falcon 2000S.

publié le 6 March 2011

Dassault Falcon 900LX is First to Fly Approaches Using Europe’s New EGNOS Satellite Navigation System

Press release

[#Dassault recently flew the first approaches using Europe’s new EGNOS (European Geostationary Navigation Overlay Service) satellite navigation system. EGNOS is expected to vastly improve airport access for aviation throughout Europe. The approaches were flown into Pau Pyrenees airport in France (ICAO: LFBP) on a Falcon 900LX equipped with EASy II, the next generation of Dassault’s award-winning flight deck system.#]

[#The EGNOS satellite navigation system consists of a set of geostationary satellites and a network of ground reference stations. It improves the accuracy and integrity of the U.S. GPS satellite system to within one meter horizontally and two meters vertically, allowing LPV (Localizer Performance with Vertical Guidance) approaches down to 250-foot minima. The EGNOS system will offer pilots more direct enroute flight paths, greater runway capability and reduced separation standards without increased risk. It is one of four major Space Based Augmentation Systems (SBAS) either already deployed or planned for the near future, including WAAS, in use in the U.S., MSAS in Japan, and GAGAN in Indian.

Dassault’s team flew seven approaches during the mission, confirming the accuracy and precision of the new signal, which on the runway was close to one foot. "LPV approaches open up accessibility to airports with challenging weather and terrain, while improving the accuracy of the approach," said Jean-Louis Dumas, the Dassault test pilot who flew the mission. "The mountainous terrain in southwest France where we flew repeated approaches is a perfect example of how the new features in EASy II, like synthetic vision, when combined with improved navigation tools like EGNOS, drastically enhance a pilot’s situational awareness and safety margins."

"The availability of the EGNOS system is an important step for the European aviation community that will improve accessibility and safety, much like the WAAS system has done for the United States," said John Rosanvallon, President and CEO of Dassault Falcon. "The development of new features in EASy II, including the ability to use the EGNOS system, puts a new and more effective suite of tools at the disposal of Falcon pilots, improving their ability to fly farther, safer and more efficiently."

LPV approach capability will be available to pilots of Falcon 900LX aircraft with the introduction of EASy II in the summer of 2011. To date, there are more than 2,300 such approaches in the United States.

EASy II Enhancements

The next generation of improvements to Dassault’s EASy flight deck (known as EASy II), will offer a number of new options and enhancements, including: a Synthetic Vision System (SVS); improved display symbology; an update to the Flight Management System (7.1); improved Take Off and Go Around capability; a Runway Awareness and Advisory System (RAAS); and an enhanced navigation package that includes WAAS- LPV and RNP SAAAR.

Other new options available in EASy II include Automatic Decent Mode (ADM); XM Graphical Weather integrated into the INAV map and ADS-B Out (Automatic Dependant Surveillance -Broadcast).

Two new communication features, FANS 1A and PM-CDPLC (Controller Pilot Data Link Communication) compliant with Europe’s new datalink mandates, will be also available for Falcon 7X, 2000EX/LX and 900EX/LX aircraft.

Certification of EASy II is expected in June of this year and will be available on the Falcon 900LX immediately and for other 900 EASy aircraft as a retrofit. EASy II will be made available for the 7X in the third quarter of 2012, and for Falcon 2000 EASy variants in the fourth quarter of 2012.

About Dassault Falcon

Dassault Falcon is responsible for selling and supporting Falcon business jets throughout the world. It is part of Dassault Aviation, a leading aerospace company with a presence in over 70 countries across five continents. Dassault Aviation produces the Rafale fighter jet as well as the complete line of Falcon business jets. The company has assembly and production plants in both France and the United States and service facilities on multiple continents. It employs a total workforce of over 12,000. Since the rollout of the first Falcon 20 in 1963, 2,000 Falcon jets have been delivered to 67 countries worldwide. The family of Falcon jets currently in production includes the tri-jets-the Falcon 900DX, 900LX, and the 7X-as well as the twin-engine 2000LX.#]

publié le 8 December 2010

Dassault Falcon Appoints New Middle East Customer Service Manager, Based in Jeddah, Saudi Arabia

Press release

[# Dassoult Falcon, has recently appointed a new Customer Service Manager to support its customers in the Kingdom of Saudi Arabia, United Arab Emirates, Egypt, Jordan and Syria. Bernard Delouye will be based in Jeddah, Saudi Arabia, where a significant part of the Falcon fleet is based.#]

[#Mr. Delouye comes with a strong aviation background acquired in the French military and refined while working as a consultant to foreign defense industries. He also has a good knowledge of the region where he has been living for 12 years. He will take over his new role from Mr. Arnaud Deleval, who retired earlier this year after serving Middle East Falcon customers for 10 years.

The appointment comes in the wake of the opening of a Dassault Falcon regional sales office in Dubai as well as the appointment of two new Authorized Service Centers in Jeddah and Dubai. Dassault Falcon currently has around 60 business jets based in the region and expects this number to grow by 30% over the next three years, with a strong order book driven by sales of the Falcon 7X.

Commenting on the appointment, Guillaume Landrivon, Director, Customer Relations and Field Service at Dassault, said: "Bernard Delouye has the perfect combination of skills and experience for this role thanks to his technical background. His substantial knowledge of the Middle East ensures that he will strengthen our customer service management team’s ability to deliver first class field support."

Bernard Delouye brings to Dassault more than 24 years of experience in aeronautical maintenance, working on both helicopters and Dassault fighters jets. He is 44 years of age and married with one child.

About Dassault Falcon

Dassault Falcon is responsible for selling and supporting Falcon business jets throughout the world. It is part of Dassault Aviation, a leading aerospace company with a presence in over 70 countries across five continents. Dassault Aviation produces the Rafale fighter jet as well as the complete line of Falcon business jets. The company has assembly and production plants in both France and the United States and service facilities on multiple continents. It employs a total workforce of over 12,000. Since the rollout of the first Falcon 20 in 1963, 2,000 Falcon jets have been delivered to 67 countries worldwide. The family of Falcon jets currently in production includes the tri-jets-the Falcon 900DX, 900LX, and the 7X-as well as the twin-engine 2000LX#].

publié le 5 February 2011

Dassault Falcon Focuses on the Growing Market in India as the Company Strengthens its Position in Emerging Markets Worldwide

Press release

[# Dassault Falcon is presenting its Falcon fleet of large cabin, long range business jets at Aero India 2011, starting on February 9th in Bangalore. The Falcon range of aircraft will be on display alongside the Dassault Rafale fighter, which will perform in the air display. Dassault Falcon’s share of the Indian market is strong and growing as the benefits of business aviation are recognized by an increasing number of Indian companies and private owners. Private investment in India’s aviation infrastructure and support by the Indian authorities are making this dynamic market even more attractive.#]

Dassault Falcon currently has over 60% share of the Indian market for large cabin/long range aircraft and is rapidly consolidating its position with an increase in local customer support and parts services. An Authorized Service Center is also under consideration, in addition to the existing Dassault liaison office in New Delhi which serves both the Indian military and Falcon operators.

More than 20 Falcon aircraft are currently operating from airports in Delhi, Mumbai, Bangalore and Hyderabad. Another 15 aircraft are on order for delivery to Indian customers within the next two years. Almost half of the new aircraft orders are for the Dassault flagship Falcon 7X, the first business jet certified with a fully-digital flight control system.

In 2010, Dassault Falcon reinforced its position in key markets such as India and South America - where the company has the largest market share in its segments - and Asia, specifically China, where aircraft sales are growing quickly. In India, Dassault built its reputation for advanced technology and efficient aircraft from its first military sales. Today, the Indian military operates 50 Mirage fighters. In the business aviation sector, Dassault Falcon’s success has been driven by new models with exceptional performance, comfort and fuel economy such as the Falcon 2000LX and the Falcon 7X.

"We have been encouraged about the potential for long term growth in business aviation in India," said John Rosanvallon, President and CEO of Dassault Falcon. "Business jets are now seen in the region as a powerful tool to enable quick and convenient access to customers within the country, and worldwide. The dramatic growth of the economy and the experience of travelling on commercial airlines have all contributed to the expansion of the market over the last few years. The worldwide crisis did not impact our regional sales as severely, and the second half of 2010 was much active for us."

The performance of the Falcon fleet is especially valued in India, where short airfields, elevated runways and high temperatures are common. The Falcon aircraft are also more economical to operate and more environmentally responsible than any other large cabin aircraft. Their efficient design and technological optimization means less weight, 20-60% less fuel consumption and lower emissions than other airplanes in their class.

Dassault Falcon aircraft are very well suited to the Indian customer, offering long range - the Falcon 7X can connect Mumbai to Cape Town, Bangalore to the challenging London City Airport in the heart of the City and is the only jet in its category to meet the demanding performance requirements of the airport with its steep approach and noise restrictions.

"With their exceptional performance and fuel efficiency, I have no doubt that the Falcon fleet is positioned for long term success in the region and that we will maintain a high level of market share, " concluded John Rosanvallon.

To support its growing fleet in India and the increased number of transient airplanes, Falcon Customer Service has based a Customer Service Manager and opened a spares distribution center with DHL in Mumbai. Dassault Falcon has already authorized service centers nearby in Dubai, Jeddah and Singapore.

About Dassault Falcon

Dassault Falcon is responsible for selling and supporting Falcon business jets throughout the world. It is part of Dassault Aviation, a leading aerospace company with a presence in over 70 countries across five continents. Dassault Aviation produces the Rafale fighter jet as well as the complete line of Falcon business jets. The company has assembly and production plants in both France and the United States and service facilities on multiple continents. It employs a total workforce of over 12,000. Since the rollout of the first Falcon 20 in 1963, 2,000 Falcon jets have been delivered to 67 countries worldwide. The family of Falcon jets currently in production includes the tri-jets-the Falcon 900EX, 900LX, and the 7X-as well as the twin-engine 2000LX.

Photos

Hi Res Photos are available at: http://www.falconphotogallery.com

USER ID: dassault / PASSWORD: falcon

publié le 12 February 2011

Dassault’s Enhanced Vision System (EVS) Receives FAA Certification for the Falcon 7X

Press release

[#Dassault Falcon has received operational certification from the FAA for the Falcon 7X Enhanced Vision System (EVS). This follows certification received from EASA in July, 2010.#]

[#Dassault’s EVS provides an image on the Head-Up Display (HUD) and flight deck displays that enables the pilots to see the terrain and airport environment in low visibility situations such as in fog, haze, snow or at night. It incorporates LCD HUD technology and offers a high quality, brighter video presentation with a unique two-mode setting that optimizes the video for either an approach configuration (to enhance approach and runway lights), or a general purpose configuration. It also takes advantage of special IR video processing developed specifically to minimize visual artifacts and distortion.

"Incorporating technology that enhances safety and situational awareness is a prime goal in the continuing development of all our programs," said John Rosanvallon, President and CEO of Dassault Falcon. "This additional certification is further affirmation that we are achieving this goal. Our fully integrated EVS offers advanced features not available on any other system, and has already generated a great deal of interest among the Falcon family," Rosanvallon added. EVS significantly improves situational awareness, not only during take-off, approach and landing, but also during ground maneuvering.

In addition to enhanced situational awareness, the Falcon 7X EVS system provides operational credit towards reduced minima in low visibility landing conditions from the published IFR minima down to a minimum of 100 feet above the threshold elevation. This provides minima equivalent to Cat II minimums even on Cat I standard instrument approaches and on non-precision approaches.

A one day pilot training course, consisting of ground instruction and full flight simulator training (including at least six approaches) is required for operators using EVS.

About the 7X

The 5,950 nautical mile tri-jet (eight passengers, M.80 with NBAA IFR reserves) has the longest range of any Falcon business jet. The Falcon 7X is the first and only business jet to incorporate a digital flight control system which provides more positive, operational safety and a smoother flight. The EASy flight deck is designed to reduce pilot workload and improve pilot interaction through elevated situational awareness in the cockpit.

The 7X is powered by three highly reliable and efficient Pratt & Whitney Canada PW307A engines, and can comfortably connect 95% of the commonly used business aviation city pairs worldwide.

About Dassault Falcon

Dassault Falcon is responsible for selling and supporting Falcon business jets throughout the world. It is part of Dassault Aviation, a leading aerospace company with a presence in over 70 countries across five continents. Dassault Aviation produces the Rafale fighter jet as well as the complete line of Falcon business jets. The company has assembly and production plants in both France and the United States and service facilities on multiple continents. It employs a total workforce of over 12,000. Since the rollout of the first Falcon 20 in 1963, 2,000 Falcon jets have been delivered to 67 countries worldwide. The family of Falcon jets currently in production includes the tri-jets-the Falcon 900DX, 900LX, and the 7X-as well as the twin-engine 2000LX.#]

publié le 12 July 2013

Deloitte: Qatar to invest over US 200 billion in construction projects by 2022

A recent Deloitte report entitled ‘Insight into the Qatar construction market and opportunities for real estate developers’ examines the construction market in Qatar and assesses opportunities for real estate developers in the country. Having been selected to host the FIFA World Cup in 2022 brought forth the opportunity for Qatar to position itself as a regional sporting hub. Qatar National Vision 2013 and programs such as Q2022 are focusing on leaving a legacy for Qatar in terms of football, infrastructure and economic development.

The Deloitte report looks into the government’s strategy of promoting sustainable tourism with the purpose of attracting more tourists and visitors. Projects such as the Qatar-Bahrain causeway is an example of this strategy, as it will help drive regional tourist arrivals in Qatar.

In terms of infrastructure, the Deloitte report examines Qatar’s plans to invest over US 140 billion in transport infrastructure in anticipation of the FIFA World Cup 2022. Plans to construct new roads and a metro system have been put forth in order to support the anticipated influx of football visitors in addition to the airport expansion which is already underway.

Deloitte experts expect this influx to also bring with it an increased demand for accommodation, with numerous worldwide chain hotels actively considering investments in the country. In fact, Qatar Tourism Authority plans to invest about US 20 billion on tourism infrastructure as the number of tourist arrivals grows at a rate of 15.9 percent compounded annually, to reach 3.7 million by 2022. This growth also creates opportunities for the development of commercial units, such as various shopping malls around Qatar.

Environmental sustainability has become a key item in the government’s agenda. One of the key goals for the Q2022 program is to improve environmental sustainability, not only limited to the event but also for the entire country. The Deloitte report suggests that the program may deliver a new environmental sustainability standard and improve nationwide awareness.

It is evident that immense opportunities exist for developers in the region and beyond, due in part to the infrastructure requirements of the FIFA World Cup 2022, and also as part of realizing Qatar’s national vision. Jesdev Saggar, Managing Director, Infrastructure & Capital Projects at Deloitte Corporate Finance Limited commented “With the world focused on Qatar’s every move, it is imperative that the local industry prepares itself for the plethora of international organizations that are ready to descend on Doha. Preparing for the competition is as important to everyone on the built environment, as it will be when the games start.”

These findings are in line with the “GCC Powers of Construction: Meeting the challenges of delivering mega projects” report issued by Deloitte during May 2013. The fourth publication in its series and the only one of its kind amongst the Financial Services industry in the Middle East In a region, the GCC Powers of Construction report highlights that the ingredients for capital projects could not be better in the GCC region as the I&CP (Infrastructure & Capital Projects) market is growing rapidly with governments announcing projects across the Middle East region, utilizing trillions of petro-dollars over the coming years.

According to this Deloitte report, clients’ increasing need for transparency, predictability and sustainability of what they spend provides contractors with an opportunity to reflect on how they can meet this by better operational performance, improved procurement, schedule management and cost reporting.

The Deloitte GCC Powers of Construction Report is produced based on data gathered from surveys and data, supported by interviews with some of the most prominent industry leaders from the region. In addition to articles and interviews examining key industry trends, the Deloitte GCC Powers of Construction report includes a country by country analysis of statistics, key projects, and a SWOT analysis.

The report highlights the case of Qatar, whereby Qatar was the third most active GCC construction market in 2012, with USD 10.4bn worth of contracts awarded. Transport infrastructure dominated Qatar’s construction sector, with four of the five biggest contracts awarded for major transport projects. Hosting the FIFA 2022 World Cup should yield considerable contracts across the construction and infrastructure sectors.

“With significant investment in major infrastructure programs increasing over the coming years across the GCC, contractors, consultants and clients alike need to rethink the way they engage each other if they are to truly realize the benefits each can bring to the process,” concluded Cynthia Corby, audit partner and leader of the Construction industry for the Middle East.

As to Qatar, Deloitte suggests that successful bidders will have to take into consideration a number of factors such as alignment with Qatar’s 2022 program strategic objectives, adherence to sustainability and health and safety standards, innovation, quality and with an overall focus on the legacy theme, which is embedded in the strategy for delivering the Qatar 2022 World Cup.

publié le 31 March 2011

Deutsche Bahn increases its activities in the United Arab Emirates

Press release

[# Deutsche Bahn increases its activities in the United Arab Emirates
DB AG is planning to enter into a strategic partnership for the planning, construction and operation of rail systems in the United Arab Emirates (UAE). Investments in major rail systems running into billions are planned for this region over the next few years.
#]

[#A corresponding Memorandum of Understanding was signed in Abu Dhabi today at a ceremony attended by Dr. Peter Ramsauer, Federal Minister of Transport, His Excellency Abdullah Al Masaood, Chairman of the Al Masaood Group, Dr. Rüdiger Grube, Chairman of the Management Board and CEO of Deutsche Bahn AG, und Martin Bay, Chairman of the Management Board of DB International GmbH.

Dr. Peter Ramsauer: "Germany will do everything in its power to support the United Arab Emirates in setting up an ultra-modern, high-capacity rail infrastructure. From my meetings with members of the government I know that Deutsche Bahn’s experience and expertise enjoy an excellent reputation in the region. The Memorandum of Understanding represents the basis for a working relationship founded on mutual trust and confidence."
Signing of the Memorandum of Understanding, Source: Photograph: Baiju Sundar

Dr. Rüdiger Grube commented, "We are delighted to have found such a highly qualified partner and are confident that our planning services will play a part in the forthcoming projects. Later, we also intend to deliver proof of our expertise as rail operators."

Investments in major rail systems running into billions are planned for this region over the next few years. They include projects for regional transport, a metro, tram services and the Union Railway, a planned long-distance line which will link Abu Dhabi with the southern emirates.

Abu Dhabi is the capital city of the emirate of the same name and also the capital of the UAE Federation, which consists of seven emirates. The Al Masaood Group, one of the leading industrial corporations in the UAE, already cooperates with many major German companies in the execution of logistics and transport systems. With the help of DB, it is now planning to gain a foothold in the rail sector.

Martin Bay, Chairman of DB International, "We have already been doing business in the UAE for five years and are familiar with the circumstances in this region. For instance, we conducted the conceptual studies for the Union Railway and also planned a tram system for the district of Al Raha Beach. Accordingly, we see immense potential for our future activities in this growing market."#]

publié le 16 April 2010

Deutsche Bank Opens Branch in Abu Dhabi

[# Deutsche Bank announced the opening of its first branch in the United Arab Emirates’ (UAE) capital, Abu Dhabi. The branch will be focused on servicing the Bank’s corporate and institutional clients.#]

[#
The inauguration of the new Abu Dhabi branch was marked by the attendance of H.E. Sheikha Lubna Al Qasimi, Minister of Foreign Trade, H.E. Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE, Werner Steinmüller, Deutsche Bank’s Head of Global Transaction Banking (GTB) and member of the Group Executive Committee, and many of the Bank’s senior representatives in the region.

In her opening remarks, H.E. Sheikha Lubna said “There is no doubt that the fact that a leading global bank such as Deutsche Bank has been operating in the UAE for more than a decade underscores the strategic perspective of global financial institutions towards the favourable business environment and the competitive atmosphere that the country presents.” H.E. added that the opening of the Deutsche Bank branch in Abu Dhabi serves to further strengthen the economic ties between Germany and the UAE, and added that the expansion
decision demonstrates to the world “the diverse opportunities the UAE presents, not only locally, but regionally and globally as well. It also underlines the robustness of the UAE economy, vitality of its different sectors and its ability to respond to regional and global crises and challenges.”

H.E. Sultan Bin Nasser Al Suwaidi, said “􀋱We welcome the presence of a distinguished financial institution such as Deutsche Bank in Abu Dhabi, and we anticipate that they will play a central role in servicing the local market and the regional and international institutions operating in the UAE. The opening of Deutsche Bank’s branch will add momentum to the banking sector in the country and enrich it further.“

Werner Steinmüller emphasized the strategic importance of the Middle East region to Deutsche Bank, especially the Bank’s regional hub in the UAE.

“Our expansion and continued growth in the UAE is a testament to our unwavering commitment to the region, and is part of a strategic vision that has long recognized the Middle East as an important part of the global economy and financial sector. We are proud of the contribution we have made in the UAE to date, and we look forward to further assisting our clients in the region with their financial needs. The opening of the Abu Dhabi branch is a further significant step in the expansion of GTB. With the recent opening of new branches in the Ukraine, in China and now in the UAE we have significantly expanded our global footprint in commercial banking over the past two years.”

The new branch complements Deutsche Bank’s existing network in the UAE, which includes a branch within the Dubai International Financial Centre, and an on-shore branch, Deutsche Securities & Services. Deutsche Bank first established a presence in the UAE in 1999, with the opening of a representative office in Abu Dhabi. Henry Azzam, Deutsche Bank’s CEO for the Middle East North Africa region, said “The UAE is our regional hub, and we will continue to invest in our growth here, as we further develop our presence as one of the largest foreign investment banks in the UAE and the region. We have acted upon the needs of our clients both locally and globally over the past five years, delivering the products they require in order to grow their own businesses. Through our Abu Dhabi branch, we will bring Deutsche Bank’s expertise and global reach to our clients in the UAE, and offer them best-in-class platforms to support their current and future business needs.”

Initially Global Transaction Banking focused, the new branch will offer traditional commercial banking services such as international trade finance solutions, and cash management & treasury solutions, including taking non-retail deposits in a number of GCC and international currencies. In 2008, Deutsche Bank had received the authorization of the Central Bank of the UAE to conduct wholesale banking through the on-shore branch, which would allow it to take institutional deposits and offer loans and advances to corporate entities, government and semigovernment institutions.

Deutsche Bank also provides custody services on the Dubai Financial Market and the Abu Dhabi Stock Exchange as well as being the first bank to provide registrar services within the UAE. Deutsche Bank is recognized as being the market leader in the administration of internationally issued Islamic products, is a key partner for the banks in the region for cash and trade finance business and provides a best in class multi asset class fund administration platform.
Deutsche Bank
Dana Budeiri
Head of Communications
Middle East & North Africa
Tel: +971 4 361 1744
Mobile: +971 50 640 3924

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,056 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
#]

[Deutsche Bank]

publié le 14 July 2010

DFM welcomes trading of NASDAQ Dubai securities through its trading platform

[# Dubai Financial Market (DFM) welcomed today the commencement of the outsourcing agreement with NASDAQ Dubai, in which the trading, clearing, settlement and custody of NASDAQ Dubai securities will operate through the trading platform of DFM, the majority shareholder of NASDAQ Dubai, as of Sunday July 11th 2010. #]

[#[#Following DFM’s announcement in December 2009 of its intention to fully acquire NASDAQ Dubai, by May 2010, DFM (PJSC) completed the acquisition of two thirds of the shares of NASDAQ Dubai from Borse Dubai and NASDAQ OMX, the international exchange group. While working in parallel with the completion of the consolidation, DFM (PJSC) will acquire the remaining third in due course. The successful completion of the outsourcing agreement marks a major development in the consolidation process between the two exchanges.

Under the new arrangements, investors will be entitled to trade on both exchanges using one Investor Number (IN). Investors who do not have an Investor Number from DFM can apply to the exchange for their number free of charge.

NASDAQ Dubai securities will be quoted, traded, cleared and settled in US Dollars. DFM trading hours from 10.00 AM to 2.00 PM will be applied to the trading of these securities. Trading in NASDAQ Dubai securities can be executed through 11 common brokers who are licensed by the regulators of both exchanges. Additionally, settlement at DFM and NASDAQ Dubai is handled by 4 banks, of which 2 are common members.

Trades of NASDAQ Dubai securities will be settled as per DFM’s settlement cycle T+2, instead of T+3.

Essa Kazim, Managing Director and Chief Executive Officer of DFM, said: “Today’s commencement of outsourcing is a major step for DFM, Dubai and the region. We are confident that the increased links and consolidation between the two exchanges will benefit all partners and participants including issuers, investors and brokers. The trading of NASDAQ Dubai securities through the DFM platform not only provides investors with a wider array of product offerings, it also enables DFM’s solid base of over 567,000 investors to trade in these securities, both of which will further enhance liquidity and activity on NASDAQ Dubai.”

“Undoubtedly, the outsourcing of trading, clearing, settlement and custody of NASDAQ Dubai securities is a key milestone in the consolidation between the two exchanges and offers a wealth of practical benefits for various participants. We are grateful for all our members and participants’ efforts who have worked closely with DFM and NASDAQ Dubai to achieve a successful migration. This key development moves us much closer to the completion of the consolidation which will ultimately drive the expansion of Dubai as a centre of capital markets dynamism and innovation.”#]

- Ends-

About Dubai Financial Market: Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited.#]

publié le 28 February 2014

DIMDEX 2014 Holds Diplomatic Press Conference

press release

With the fourth Doha International Maritime Defence Exhibition & Conference (DIMDEX 2014) approaching from 25-27 March and building on the success of the past 3 editions; a diplomatic press conference was held today at the Diplomatic Club to present an overview of this year’s edition.

The Qatar Armed Forces alongside the event organisers, Clarion Events, welcomed Ambassadors, Defence Attachés and other diplomats to the DIMDEX 2014 Diplomat Briefing held at the Diplomatic Club, Doha. More than 50 diplomats, representing most of the Embassies in Qatar, enjoyed the briefing, gaining important insight into the plans and procedures for the 2014 edition of DIMDEX.

The briefing outlined the various facets of the show from both an organisational perspective as well as how industry and military will be offered the best possible opportunity for dialogue. Headlining the briefing was Brig. Dr. (Eng) Thani A. Al-Kuwari, Assistant Minister of State for Defence Affairs for Financial Affairs and Chairman of DIMDEX, saying "We are honoured to welcome all the members of the diplomatic corps who are here with us here today and we are looking forward to their continued support of DIMDEX 2014 which this year further strengthens its position as the premier event in the region specialising in naval defence and maritime security"

Offering an overview of the event with operational specifications was Tim Porter, Managing Director of Clarion Events Defence and Security, the show organiser. He provided further details on the arrangements and preparations for DIMDEX 2014, revealing an increase in the number of exhibitors, total space, new exhibitors as well as the range of products being displayed; with the 2014 edition having two dedicated zones which will feature both boats and air frames from industry and the Qatar Armed Forces. Also outlined was the strong work by the DIMDEX team in visiting international events over the past two years, culminating in more countries participating than ever before and over 60 new exhibiting companies at the show.

Following on from this Industry Expert, Bob Nugent, gave the audience a market perspective. He discussed the steady growth in total naval spend with MENA future forecasted spend projections up 25% since 2011. New corvettes, frigates and destroyers for MENA navies are expected to account for almost US$29 billion in the next 20 years, in addition to the higher demand of sea-based air and missile defence as well as submarines. This he concluded was reflected in the great growth the DIMDEX event has seen with a diverse supplier base now working in the region both independently and as part of joint ventures.

Once again the Middle East Naval Commanders Conference (MENC) will headline DIMDEX this year, and Conference Director, James Souza, detailed the high-level strategic plan that will bring together the most senior naval commanders and defence officials in the region and from around the world. Aiming to establish geopolitical trends and machinations in the Middle East, MENC will address areas where maritime policy and practice can be strengthened as well as enhance dialogue with regional and international military allies and partners.

An integral part of DIMDEX is the established VIP delegation programme that grown consistently over the last three editions. True to the grand gesture of the Qatari hospitality, DIMDEX 2014 will be hosting over 70 delegations who have already confirmed their attendance, with more to follow in the next few weeks.

Every year a hugely popular attraction is the visiting Warships and this year is no different. DIMDEX 2014 is forecasted to break the record set by its previous editions and bring together the most number of Warships ever on display at the Doha Commercial Port. Throughout the exhibition shuttle buses will transport VIP delegations and visitors to the port where they will be greeted by the participating crews.

Following a question and answer session the guests were invited to network over lunch and continue discussions about the upcoming show.

DIMDEX 2014 is organized by Clarion Events, the world’s largest organizer of defence exhibitions and conferences in the world today with over 35 defence related events annually. In partnership with Qatar Armed Forces and Clarion Events, DIMDEX 2014 is set to be the largest event for maritime defence and protection of critical off shore infrastructure. Clarion Events also owns many of the leading global events but also manage events on behalf of the US Navy, Qatar Armed Forces and other country specific defence organisations and governments.

Held under the patronage of His Highness, Sheikh Tamim bin Hamad bin Khalifa Al-Thani, Emir of the State of Qatar, hosted and supported by the Qatar Armed Forces along with a strong commitment from neighbouring countries naval defence forces, DIMDEX 2014 is the definitive exhibition for the industry to take advantage of current and future procurement opportunities for all naval requirements across the Middle East and North Africa (MENA) region.

DIMDEX, now firmly established as the Middle East and North Africa leading maritime and naval defence exhibition and conference will be held at the Qatar National Convention Centre, between 25-27 March, 2014.

About DIMDEX

Founded in 2008, DIMDEX is the only specialised maritime defence exhibition in the Middle East and North Africa (MENA) region, bringing together companies representing the very latest technologies to meet the maritime security challenges of the 21st century.

DIMDEX is a unique event addressing the growing need for sophisticated naval equipment to control Middle East and North African offshore waters.

About Middle East Naval Commanders Conference (MENC)
The Middle East Naval Commanders Conference (MENC) will once again bring together regional Naval Commanders and their international counterparts in a high-level forum to share thought leadership on naval and maritime operations.

About Clarion Events Middle East
Clarion Events Middle East, acknowledged as the world’s leader in defence and security events, where high level government officials and senior military personnel meet with leading global equipment and services providers to share ideas, discuss industry developments, conduct business, develop partnerships and network for future growth. Clarion Events is located in 10 countries and organize more than 300 events (a mixture of exhibitions, conferences and seated events) annually across the globe.

publié le 2 June 2010

Discover the Secrets of Royal Indian Kitchens with Cookery Classes at the Holiday Inn Dubai - Al Barsha

Press release

[#Chef Shaukat Ali Qureshi from the Indian restaurant ‘Gharana’ at the Holiday Inn Dubai – Al Barsha, and culinary expert Obeda Oturkar will conduct two-day courses each for Punjab, Lucknow, Jaipur and Hyderabad styles of cooking.
#]

[#Each course, spread over 2 days, includes one starter, a main course, a side dish as well as a rice dish, Indian bread and dessert. Punjab classes will be on June 7th & 9th and Lucknow on 14th and 16th from 11am to 1pm.

Those who cannot attend on a weekday can join the weekend classes on June 12th and 19th or June 26th and July 3rd. The total cost for two classes and the lunch is AED 450.

Mr Reda Moukhtar, General Manager, Holiday Inn Dubai – Al Barsha says, “Guests of all skill levels are invited into our fine dining signature Indian restaurant ‘Gharana’ to learn authentic techniques and recipes, and to feast on a multicourse meal. The classes are hands-on, informative, interactive and fun. Students will learn to prepare flavorful, authentic Indian dishes that are rooted in India’s age-old culinary traditions yet adapted to today’s kitchen and lifestyle.”

Chef Shaukat Ali Qureshi who comes from the legendary Qureshi clan. Being the royal chefs, the 200-year-old Qureshi family prides itself as the guardian of the rich legacy of Nawabi cuisine. Chef Qureshi has perfected the art of cooking like no other in his 40 years of career. The food at Gharana is certainly a proof of that and reveals a real mastery of flavour and texture.

A great atmosphere, great food and great time are assured. You will be provided a vast overview of many traditional styles of Indian cooking, while Abda recounts great stories, giving cultural information, and other anecdotes about Indian culture.

Born and brought up in Mumbai, Abda’s’s interest with different natural foods and their unique benefits lead her to read Naturopathy, Ayurveda and today she is a self taught culinary expert who passionately does Spice & Aroma Cookery. With her energy and creativity, she has taught hundreds of students through her multi-class series. Abda says, “My journey so far has been quite satisfying as many homes have turned to ‘healthy’ alternatives based on my advice.”

“Watching Abda effortlessly prepare delicious meals in our kitchen is a bit like watching a magician pull a rabbit out of a hat. The difference is that with her, you learn the tips and tricks of the process to replicate in your own home,” says Mr Moukhtar

Holiday Inn Dubai – Al Barsha provides a modern and comfortable environment for a relaxed Dubai stay. The hotel is conveniently located on Dubai’s main thoroughfare Sheikh Zayed Road, approximately 20 minutes from Dubai International Airport and 45 minutes from Abu Dhabi Airport. All its 310 rooms are beautifully appointed and equipped with the latest facilities keeping in mind your comforts and needs. The hotel presents a wide variety of conference venues – from small to large, all equipped with state-of the-art technology. Completing the full Holiday Inn experience are fabulous dining outlets, buzzing bars, outstanding banqueting facilities and impeccable service.

Learn the basics of Indian spices, carefully balanced and adapted to today’s kitchen. You will be able to build upon your foundation of spices and techniques. So, embark on a journey to the rich cuisine of the Maharajas! The best part is you do not have dishes to clean afterwards.
#]


For more information please visit: www.holidayinn.com or www.hialbarshadubai.com
For reservations please call Kezia De Rocha on 050-4683746 or kezia@hialbarsha.com


For media contact:
Hina Bakht
Vice President
MPJ (Marketing Pro-Junction)
Mob: 050 697 5146
h.bakht@mpj-pr.com
www.mpj-pr.com

publié le 27 May 2014

DK Ambassador Unveils The Arabian Fashion Week, a New Experience Within France Talents for the Women Coming From Middle East

On 13 June, the first Arabian Fashion Week will be opened in the VIP lounge of the Sofitel Paris Arc de Triomphe 5 stars hotel. This is a grande première. This event is based on a simple idea: allow the women from Middle East to discover the best creators of France from inside. This luxury trip will be soon experienced by a cohort of 20 privileged women : they will for example meet a perfumer, discover a new collection, taste macaroons and enjoy other surprises in company with their host, DK
Ambassador. Major French brands applause the concept and apply for joining in in this adventure "Made in France ".

Djamila and Houssem KERDOUN are the Founders of DK Ambassador. Proud of their French heritage and their Mediterranean roots, they constantly invent events and services to develop new networks of trade, talents and expertise mainly by working with exceptional partners sharing their values. On the occasion of the Marhaba France Fair in Dubai on 2 and 3 May , Djamila said: " I dream to show the marvels of my country , to be the ambassador of our talents and , dear ladies, welcome you
with a white rose. This is for you I created the Arabian Fashion Week and share my dream. "

About DK Ambassador :

DK Ambassador is a French company founded in 2013 by Djamila and Houssem Kerdoun. They extend their entrepreneurial adventure started in luxury transportation based on one ambition: to offer the best of France to a demanding clientele from the Middle East. DK Ambassador offers a range of services to business and family high end travellers. For more information, please visit www.dkambassador.com site.

Press Contact:
Djamila Kerdoun
+33 (0).6.68.64.25.21
contact@dkambassador.com

publié le 21 September 2013

DMCC becomes UAE’s largest Free Zone

press release

The Dubai Multi Commodities Centre (’ DMCC ’) Free Zone is now the UAE’s largest Free Zone with over 7,330 active registrations. With an average of 200 companies choosing to join DMCC each month and a 94% retention rate, DMCC also remains the UAE’s fastest growing free zone.

Ahmed Bin Sulayem, Executive Chairman, DMCC , said:

"We are now the UAE’s largest and fastest growing free zone with over 7,330 active member companies - we remain committed to further growth in order to cement Dubai as the global hub for commodities trade and enterprise.

We are well on our way to achieving our target of 10,000 companies by 2015, at which point we anticipate to be almost at capacity. Our expansion plans, including the DMCC business park and the world’s tallest commercial tower, will cater to large corporations looking to access new markets and will be the next phase in DMCC ’s and Dubai’s growth."

As the demand for commercial space within the DMCC Free Zone continues to grow, with over 74% of the development already occupied, DMCC recently announced plans to build the world’s tallest commercial tower in order to cater to this continued demand. The construction of the tower and 107,000 square metre business park will add an additional 50% of commercial space or 743,224 square metres to the existing 2.9 million square metres of built up area.

"We continue to innovate and complement key trading hubs across the globe to further support Dubai’s ambitious economic development programme. Currently, we are concentrating on serving markets along the new Silk Route and have become a strong facilitator of trade for producing countries in African and consuming nations in Asia, Asean, Europe, South America and the US", Bin Sulayem added.

Since its establishment in 2002, DMCC has welcomed a range of companies from all sectors across the globe, including: Clarkson, Louis Dreyfus, Debeers Diamdel, Conoco Phillips, Rio Tinto Alcan, LVMH, Harley Davidson and Nutricia Danone.

In terms of member demographics, a third of DMCC member companies are from South Asia, a third from the Middle East (including the UAE), and a third from Western Europe and North America respectively.

Gautam Sashittal, Chief Operating Officer, DMCC , added:

"This year, over 95% of the companies that have chosen to operate from the DMCC Free Zone are new to Dubai, which further demonstrates DMCC ’s and Dubai’s continuous appeal as a business destination where SMEs and multi-nationals alike can utilise our full-service toolkit, trade with confidence and grow their business. Due to its unique offering, strategic location, modern infrastructure and customer focus, the DMCC Free Zone enjoys a 94% retention rate."

With 65 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 75,000 people working and living within Jumeirah Lakes Towers. The transformation of one of its lakes into a 55,000 square metre community park and the road networks within the development are due to be completed by the end of this year.

About The Dubai Multi Commodities Centre

The Dubai Multi Commodities Centre ( DMCC ) is a strategic initiative of the Government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. The Centre attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including 50-year guaranteed 0% corporate and personal income tax, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies. DMCC owns three fully operational towers which host the majority of the physical, market and financial infrastructure including the Jewellery & Gemplex facility, the specialised diamond and pearl exchanges and gold vault.

publié le 8 July 2014

DMCC reaches new heights with record numbers across its trade, free zone and financial services businesses

Press release

Innovation, new product lines and record numbers in commodity businesses
• 30 per cent growth with 1,027 new companies in the first half of 2014, bringing total to almost 8,900

• DMMC Tradeflow completes 900 transaction worth a total of over $200 million

• ’Burj 2020 District’ with the world’s tallest commercial tower, ’Burj 2020’ underway
Dubai - DMCC , the largest free zone in the UAE and one of the world’s leading commodity hubs, today announced that it registered 1,027 member companies in the first six months of 2014, bringing the total number of companies operating at the DMCC Free Zone to over 8,865, a 30% increase compared to the same period in 2013.

Ahmed Bin Sulayem, Executive Chairman, DMCC , commented:
" DMCC continues to attract members at an unprecedented rate and we are proud of the ever increasing contribution to Dubai’s overall economy. By driving foreign direct investment we will ensure Dubai remains the regional and international trade and tourism hub.

"The strength of the leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai is inspiring and we will continue to do everything we can to support His Highness in fulfilling his vision for Dubai supporting, in particular, the three pillars of ’Smart Government’, the development of SMEs and helping Dubai to become the global centre for the Islamic Economy."

Gautam Sashittal, Chief Executive Officer, DMCC , said:
"At DMCC we are passionate about creating a sustainable and optimal international environment for trade and enterprise. Everything we do has a longer term strategic view in order for DMCC to stay relevant now and in the future whether it is enhancing the customer experience, innovation, diversification of our business portfolio or strengthening trading ties internationally. We embrace change and thrive on strong international competition as this is what makes the organisation dynamic, driven and nimble in an exceedingly fast moving market".
Free Zone Update
DMCC recently announced a major expansion with the building of the ’Burj 2020 District’ with the world’s tallest commercial tower, ’Burj 2020’ as its centrepiece. The ’Burj 2020 District’ is well underway with four global design firms currently participating in a Masterplan design competition with ground-breaking planned in 2015.

In addition, the DMCC is also bringing to market a 14-floor ’glass box’ style building, ’One JLT’, which is being constructed in the heart of the free zone and is due for completion in 2015. Both projects will cater to the increased demand of large multi-business and multi-national companies seeking to domicile their operations in an efficient, single-owner, commercial space.

In June, DMCC was also named by the Financial Times’ global fDi Magazine as ’Best Free Zone of the Year for SMEs - Middle East & Africa’ and ’Best Free Zone of the Year for SMEs - UAE’ in their Middle East Free Zones of the Year rankings and awards for 2014 / 2015. While today 70% of DMCC ’s free zone members are SMEs, the Free Zone is also home to multi-nationals such as American Express, Diamdel (DeBeers), Glencore Xstrata, Harley Davidson, Louis Dreyfus, LVMH, Nutricia Danone and Rio Tinto Alcan.
The Free Zone also launched its ’ DMCC Member Portal’ in May, making all free zone services available online. This initiative is also part of DMCC ’s strategy to further support His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai’s Smart Government initiative. The ’ DMCC Member Portal’ powered by Salesforce, is completely transforming the customer service experience when setting up a new business or renewing licences, as it enables members to request multiple services online from any device at any time.

Commodities and Financial Services Update
Continued strong commodity trading in Dubai has further cemented the Emirate’s position as a major global trading hub.

The value of gold passing through Dubai in 2013 increased to US$ 75 billion from US$ 70 billion in 2012, making it the global bullion hub with 40% of the world’s physical gold now passing through the Emirate.

In the first five months of the year, trade volumes of rough diamonds increased by 13% to 63 million carats. The Dubai Diamond Exchange (DDE), a DMCC platform, hosted the first tender of Zimbabwe rough diamonds held in Dubai in March, demonstrating a trend of commodities reaching buyers directly from mines via tender and auction processes. The Dubai Diamond Exchange (DDE) hosted a further 11 diamond tenders featuring polished and rough diamonds to date (30 June). Rough diamond tenders included goods from most major producing countries: Zimbabwe, Angola, South Africa, Guyana, Russia and DRC.

In the DMCC Tea Centre, a record quantity of throughput, facilitation and value-addition services in H1 2014 (20m kgs) compared to H1 2013 (7.5m kgs), was perfectly paired with new innovative solutions and product lines. New trade finance mechanisms now allow growers from around the world to take advantage of the option of collateralisation of their stocks for working capital, while market offering in terms variety of tea products has increased following DMCC Tea Centre’s recent strategic joint venture with the leading German tea company Hälssen & Lyon to offer a wider range of specialty and flavour teas as well as fruit and herbal infusions.

DMCC ’s commodity trade facilitation activities were also supported by numerous signature events.

In March 2014, DMCC and the GJEPC hosted the Global Gem and Jewellery Fair (GGJF), a B2B platform, for the first time in Dubai. The fair attracted a record 131 exhibitors from India and Dubai and was visited by more than 1,600 industry participants from across the globe.

April saw DMCC ’s 5th Global Dubai Tea Forum 2014 (GDTF), with over 400 delegates from 31 different tea producing and consuming countries putting the focus firmly on the challenges and opportunities that comes with tea’s ranking as the world’s most popular drink after water.

DMCC also hosted the third global Dubai Precious Metals Conference (DPMC) in April with a record attendance of over 500 international delegates. Key topics on the agenda ranged from ’Engaging with Africa’ to ’Jewellery consumption moving East; to ’Leveraging Dubai’s position as the global hub for commodities trade’. The DPMC is now firmly established as the annual global conference for the precious metals industry.

DMCC continues to innovate and progress in responsible supply chain management for gold and other precious metals in order to promote an inclusive and compliant marketplace. In addition to the 5-step DMCC Practical Guidance and the Dubai Good Delivery (DGD) standard, DMCC introduced two new accreditation programmes in January 2014 known as the Market Deliverable Brand (MDB) and the Responsible Market Participant (RMP).

The Dubai Gold and Commodities Exchange (DGCX) continued its innovation, further consolidating its profile as one of the most important exchanges in a region extending from Africa to Asia. In February 2014, DGCX collaborated with the Dalian Commodity Exchange (DCE) to launch their respective polypropylene futures contracts concurrently. The DGCX traded 5.75 million contracts, valued at US$ 172 billion. The exchange also received the MENA Forex Awards: Best Derivatives Exchange 2014 in June 2014.

Continuing its efforts to support Islamic finance in the commodities space, DMCC Tradeflow, the online exchange for physical commodities in the UAE, handled over 900 Commodity Murabaha transactions within the first 6 months of 2014, with a total value of over US$ 200 million. In January 2014, UAE’s Minister of Economy, His Excellency Sultan Bin Saeed Al Mansoori, presented Ahmed Bin Sulayem, Executive Chairman of DMCC , with the Outstanding Contribution to Islamic Finance Award at the annual Mena Fund Manager Fund Service ceremony. Bin Sulayem in turn dedicated the award to His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai.

Trade Missions and International Relations
As part of DMCC ’s ongoing drive to look for ways to facilitate and cater to the needs of traders and investors in an ever-changing economy, a series of international meetings and events took place during the first half of 2014.

Ahmed Bin Sulayem, Executive Chairman, DMCC , took part in trade delegation visits to Canada’s Toronto and Vancouver, the latter more specifically for the Globe 2014 International Forum on Business and the Environment at the Vancouver Convention Centre in March. A visit to Italy also resulted in DMCC being invited to take part in the Vicenzaoro Dubai April 2015 as a strategic partner, the event will be hosted at the World Trade Centre. Bin Sulayem also travelled to Ecuador, Colombia and Mexico to further strengthen trading relations between Dubai and Latin America. In June, DMCC also hosted its 4th annual London dinner, which brought together over 100 guests and dignitaries.

DMCC Free Zone Infrastructure and Community Update
The Jumeirah Lakes Towers road networks were completed ahead of schedule in January.

DMCC also opened the 55,000 sq/m JLT Community Park in January making it the largest park of its kind in New Dubai and greatly enhancing the work and live element in the community. DMCC will continue to explore the addition of new amenities across the 200-hectar development in line with community demand.

Leading by example Concordia, a DMCC joint venture and master community agent of Jumeirah Lakes Towers, is implementing a centralised security management system for the entire DMCC Free Zone. Concordia also recorded strong growth with a 32% revenue increase compared with the same period last year and delivered a 100% contract retention rate.

Brand Update
The exponential growth seen during H1 2014 across the DMCC business is underpinned by its ’One Brand Strategy’ which launched in February 2014 with the tagline ’ DMCC - Made for Trade. This has helped create greater clarity for its customers and members. DMCC has since transitioned away from its previous JLT sub-brands with all platforms now represented under one ’ DMCC ’ brand umbrella including entities such as the DMCC Free Zone and the DMCC Tea Centre.

About DMCC - MADE FOR TRADE

Businesses around the globe look for a place where they can expand, access new markets and conduct their day-to-day operations in a secure, transparent and modern environment. DMCC provides this infrastructure with its existing 66 mixed-use commercial and residential towers and over 220 retail outlets in operation. With an average of 200 companies choosing to join DMCC each month and a 94% retention rate, DMCC remains the UAE’s largest and fastest growing free zone with over 8,800 member companies. www.dmcc.ae

publié le 14 October 2012

DMCC surpasses milestone of 5,000 members companies at the JLT Free Zone

[#Reinforcing its position as a global commodity business hub and highlighting its consistent growth over the past decade, the Dubai Multi Commodities Centre Authority (’DMCC’) announced it has surpassed the milestone of 5,000 member registrations within its Jumeirah Lakes Tower Free Zone (’JLT Free Zone’).#]

[#Dubai is perfectly positioned as bridgehead for commodities trade and for those expanding into new markets at the crossroads of Africa, Asia and Europe.

Paired with DMCC’s multi-commodity and multi-origin products and services available for its member companies, the result is a thriving business and commodities hub for start-ups through to multi-nationals determined to innovate and expand whilst contributing to the local economy.

Ahmed bin Sulayem, Executive Chairman, DMCC, commented, "DMCC has seen phenomenal growth in the 10 years since it was established as a strategic initiative of His Highness Sheikh Mohammed Bin Rashid Al Maktoum. We are delighted that we now enable over 5,000 companies to do business from the JLT Free Zone, either here locally or into regional and international markets. DMCC’s focus on providing a physical and market infrastructure, products and services has helped the JLT Free Zone grow and mature into a dynamic and safe place to do business and DMCC to become a global benchmark amongst commodities centres. Our 5,000 member companies are a testament to His Highness’ strategic vision and, in our view, only a point on a much bigger journey."

Between January and August 2012, DMCC registered 1,315 companies, a 60% rise over the same period in 2011 and a 35% increase as of 1 January 2012. JLT is now registering an average of 160 companies a month, of which 85% are new to Dubai.

The relevance of Dubai’s strategic location between producing and consuming nations is further underlined by the diverse nationalities of DMCC’s member companies: 23% of members are from Europe, 17% from MENA, 21% from India and South Asia and the remainder from the rest of the world. Companies who have established themselves in the JLT Free Zone this year include Dunkin’ Group, GAC, Guerlain (LVMH Group) and Vertu. Guardian Glass, one of the world’s largest glass manufacturers, joined the Free Zone as the 5000th company.

Malcolm Wall Morris, Chief Executive Officer, DMCC, commented, "In recent years we have witnessed a generational shift of business, people and finance, from West to East and North to South. As a result, companies are looking to broaden their reach, be they Western firms looking to expand into Asia and other emerging markets, or companies from growing economies looking to access customers in established markets. With our ability to accommodate every aspect of the value chain and allow companies to effectively operate from a transparent, secure and sophisticated business hub, DMCC is ideally situated and equipped to serve this trend."

DMCC remains equally committed on delivering a successful free zone to its 50,000 workers and residents. The 200-hectare community serves the needs of both businesses and residents by offering 61 mixed-use towers, over 150 retail outlets and six children’s playgrounds.#]

publié le 28 May 2012

Doha fashion divas collaborate

[# Boutique Dados is proud to announce its first collaboration with fashion and image diva Maisa Taha to present a truly unique fashion event at Dados Boutique, The Pearl Island Qatar.#]

[#
Combining their passion for fashion, La Vedette Fashion and Image Consulting owner Maisa Taha and Dados Boutique and Beauty co-owner Heba Al-Okar helped Dados clients decide what’s hip, what’s hot and what’s now and above all what suits each of their personality and body shape!

Mixing and matching items from Dados Boutique’s new summer collections, Maisa Taha provided expert personal image advice to help the women of Qatar make their very own personal style statement – funky to classy, sassy and cool, hot and sultry, and everything in between.

Unabashedly glamorous, precious and playful, the entire Dados Boutique experience is a natural extension of co-founder Heba Al Okar’s philosophy to stock only exclusive, one-of-a-kind amazing item.
Distancing themselves from mass commercial fashion, Dados Boutique presents a fashion oasis focused on the incredible couture quality of its clothes.

“DADOS BOUTIQUE offers a style experience you will respect forever; the hippest international designers, fashions that mark a place in your heart from Rutzou, Kage, Tube Gallery, Les Nereides, Falamank, Lei Van Kash and other select style brands,” observed Heba Al-Okar.
Maisa Taha is one of Qatar fashion’s driving forces. An unparalleled eye, she is shaping the way women in Qatar see fashion, championing the importance of image as a way of life.
Maisa Taha’s La Vedette concept offered Dados Boutique clients its full range of consultancy on hair colour and style analysis, make-up consultations, wardrobe analysis & management, personal shopping, makeovers and image consulting.
All are supervised by experienced makeup artists, hairdressers, and stylists to ensure the needs of each individual are the priority.
“I am excited by this collaboration: this was the first time Dados Boutique collaborated with an Image Consultant to help women look and feel their best in every social or professional situation. This is the sign of an important fashion evolution and I am thrilled to be part of it,” confessed Maisa Taha.

Driven by her enthusiasm for style and passion for beauty, Maisa Taha earned diplomas in fashion, makeup and image consulting, as well as being the official Association of Image Consultants International Ambassador for Qatar.

“La Vedette Fashion and Image consulting helps private clients to develop strong first impressions, inner confidence and the fresh look and feel they truly deserve, with the highest levels of exclusivity and personalized treatment.”

DADOS BOUTIQUE: The Pearl-Qatar 3. Open Sat - Thu 10:00 - 21:00 and Friday 16:00 to 21:00. Telephone (+974) 4498 0033#]

publié le 26 April 2014

Doha Metro: First TBM ‘Lebretha’ Arrives on Time

press release

Qatar Railways Company (Qatar Rail), the company overseeing the construction of the integrated railway network, has taken delivery of the first of 21 tunnel boring machines (TBMs).

TBM S-865, also known as ‘Lebretha’ was manufactured by Germany’s Herrenknecht, and is the first of four TBMs which will be launched for the Doha Metro as part of the Red Line North Underground project – the design and build (D&B) joint venture that is being led by Italy’s Salini Impregilo, with South Korea’s S. K. Engineering & Construction Co. Ltd, and Galfar Al Misnad Engineering & Contracting W.L.L. (ISG JV).
For the Red Line North Underground project, a total of four TBMs (named Lebretha, Al Khor, Al Mayeda and Al Bidda) are proposed to bore the required rail tunnels.
TBM Lebretha will be assembled and launched from the Al Wahda site towards West Bay Central. At West Bay Central it will be disassembled and re-assembled at Al Wahda and then travel towards Doha Golf Course. It will bore the West Tunnel of the Drive while TBM Al Khor will bore the East Tunnel when it arrives.
TBM Lebretha will travel a distance of approx. 7.954 km and will take approx. 22 months to complete – between Q3 2014 to Q2 2016). The average speed will be between 14m/day to 21 m/day, depending on ground conditions. And its daily excavation quantity will be approx. 680m³, with a predicted total excavation quantity of 5,408,720m³.
Each of the TBMs for the Doha Metro measure 7.05m in diameter and 120m in length, therefore to ensure transportation was successfully managed, TBM Lebretha was dismantled into 22 sections which were easier to transport including the cutter head.
It commenced its journey, by sea, to Qatar and finally arrived over the weekend at the Doha Port. Some residents may have seen the sections of TBM Lebretha travelling along Al Corniche earlier this week making their way from the Doha Port to the first launch site of Al Wahda, next to the Qatar Exhibition Centre.
Qatar Rail extends its appreciation and special thanks to Qatar Rail team working on the Red Line North project, and also to the Doha Port team that unloaded the sections; the Customs Department for their quick response in clearing all necessary formalities; and to the Civil Defense which safely escorted the sections to the Al Wahda construction site.
All these organizations worked in collaboration to ensure the success of the project, which is in line with all the major pillars of the Qatar National Vision 2030.
It will take a few months to re-assemble TBM Lebretha into a complete machine and Qatar Rail will provide regular updates in the newspapers and on our corporate website – www.qr.com.qa – on the progress and everytime we receive delivery of a new TBM.
The scope of work for the ISG JV on the Red Line North project comprises the design and construction of approx. 13.4km twin-bored tunnel, including seven underground stations, between the proposed Msheireb Underground Station and Doha Golf Course via Doha West Bay. The tunnels will be built at an average depth of approx. 20 meters below ground.
The arrival of a further 20 TBMs will be seen over the coming months, to be utilised not only by the Red Line North Project but also by 3 more projects:
• Red Line South – led by QDVC and comprising G. S. Engineering and Construction and Al Darwish Engineering – will receive 5 TBMs.
• Green Line – led by PORR and comprising Saudi Bin Laden Group and Hamad bin Khaled Contracting – will receive 6 TBMs.
• Gold Line – recently awarded to a D&B JV led by Aktor SA and comprising Larsen and Toubro (L&T), Yapi Merkezi Insaat ve Sanayi Anonim Sirketi (Yapi Merkezi), Sezai Turkes Feyzi Akkaya Marine Construction (STFA) and Al Jaber Engineering – will receive 6 TBMs.
All of the Joint Ventures delivering the D&B contracts for Qatar Rail include Qatari companies and have all been selected upon completion of a successful competitive bidding.

publié le 12 August 2012

Domopan gypsum boards receive international seal of approval for Fire Resistance

press release

[#
Domopan Qatar WLL, one of Qatar’s leading engineering solutions companies with construction and industrial divisions, recently had its manufacturing facility awarded with the Loss Prevention Certification Board (LPCB) certification for their locally-made fiber gypsum boards, ‘DomoGypsum.’ The LPCB certification recognizes the product’s ability to meet two-hour fire resistivity standards.#]

[#Product provides local solution for meeting Qatar’s more stringent fire-safety requirements

Not only would this signify that a Qatari product can now be sold in the European market, but DomoGypsum now also meets the Qatar Civil Defense Department’s new stringent specifications for gypsum paneling. In addition to being manufactured in Domopan’s own ISO-certified factory in Qatar, the boards are regularly tested abroad to ensure that quality is not compromised.

“We are extremely pleased at being awarded this recognition,” said Marlong Dizon, Domopan’s gypsum plant manager. “In light of recent events that have taken place in Qatar, the subject of fire safety is on everyone’s mind, and rightfully so. Not only do our DomoGypsum boards meet the requirements for heat resistance, but also exceed them.”

The LPCB certification, in addition to confirming the two-hour fire resistance of the boards, also speaks of the due diligence and quality control that the company practices in producing their boards. Combined with the fact that the products are manufactured here in Qatar at Domopan’s New Industrial Area factory (thus avoiding long shipping times and other problems associated with supply problems overseas), developers can be rest assured that they are using high-quality products that are competitively priced as compared to other manufacturers. Moreover, DomoGypsum is currently approved by Qatar’s General Administration of Civil Defense at the Ministry of Interior and the Qatar Civil Defense Department’s approval for two-hour fire resistivity.

“Many of our clients are often shocked to learn that fire-rated gypsum boards are being produced right here in Qatar; they often have to import similar products from abroad,” explained Dizon. “Currently, the demand for fire-resistance boards has also increased dramatically, especially now since safety specifications for building structures are under review. Therefore, DomoGypsum is positioned to be the ideal product for designers and contractors: certified, affordable, and -since it is produced locally – available at short notice.”

DomoGypsum has proven very popular in the market already and has been used in Qatar’s landmark projects such as the RasGas Headquarters, Souq Waqif Hotel, Al Jassimiyah Tower along the corniche, the Pearl’s Porto Arabia townhouses, and the Mathaf (Arab Museum of Modern Art).

For more information about Domopan, DomoGypsum, other products, and to view certificates, please visit www.domoqatar.com.

About Domopan Qatar WLL

Domopan launched activities in response to the market needs of sustainable development. Therefore the heart of our work is providing turnkey design-build solutions for residential, commercial and industrial developments. 

Our vision
Our vision is to be nothing short of the best. We envision ourselves to be the undisputed leader and partner in providing quality projects to both public and private sector clients.

Our mission
We aim to provide innovative and cutting-edge construction practices to address the unique demands of Qatar’s environment, construction climate, and client preferences, executed to the highest levels of professionalism to secure client loyalty.

Further information about Domopan can be found at www.domoqatar.com#]

publié le 29 January 2013

Doors open at the 2013 Qatar Motor Show

press release

[#His Excellency Sheikh Hamad bin Jassim bin Jaber Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar, signaled the launch of the 2013 Qatar Motor Show by cutting the red ribbon, followed by a tour of all the exhibitors at the event. This highly anticipated event will be open to the public today, the 29th of January, and run until the 2nd of February.
#]

[#
With motor show fans expected to visit the motor show during its first few days and with countless activities to keep visitors intrigued and entertained, co-hosts Qatar Tourism Authority (QTA), q.media Events, and GL Events, are confident that this year’s motor show will see record-breaking attendance. 120,000 visitors walked through the doors of the 2012 Qatar Motor Show, but with more exhibitors this year, more events, more premieres, and more regional interest there is no doubt that this year’s visitor numbers will be exceeded. The show, the region’s biggest automotive event, will showcase brands and vehicles from across the globe, including family sedans, SUVs, luxury vehicles, motorcycles and sports cars.

26 new cars will be revealed at the 2013 Qatar Motor Show, a new milestone for the Show as it is significantly greater than last year’s premieres. Audi, Volkswagen, Porsche, Bertone, Ford, Ferrari, Kia, Maserati, McLaren, Mercedes, Mini, Mitsubishi, and Toyota will regionally premiere their latest models. In addition, Bentley, Brabus, Lamborghini and W Motors will showcase models never seen before – not regionally, but globally.

One of the most anticipated world premieres will be that W Sports futuristic Lykan Hypersport 2013. The first hypercar designed in the Middle East, the Lykan Hypersport will woo visitors with its high-performance specs and luxurious styling (which includes diamond-encrusted LED lights). Only seven units of this model will be produced, and each will be offered for nearly 3.4 million US dollars (almost 12.4 million Qatari riyals). 
 
Additionally, Automobili Lamborghini starts the celebrations for its fiftieth anniversary: 100 years of innovation in half the time, during this year’s Qatar Motor Show, by launching Lamborghini Aventador LP 700-4 Roadster for one of its first public appearances. Following the announcement of the car in November 2012 this new open top car is the Roadster version of the V12 Aventador LP 700-4 coupe that was first seen in the region at last year’s Qatar Motor Show. The Aventador LP 700-4 is built on a carbon fiber monocoque combining lightweight engineering with exceptional torsional rigidity and safety. A V12 6.5 liter engine outputs 700 hp at 8,250 rpm and 690 Nm of torque at 5,500 rpm. With acceleration from 0-100 km/h in just 2.9 seconds (Roadster 3.0 seconds); a push rod suspension system derived from F1 technology; and an e-gear transmission providing gear shifts in as little as 50 milliseconds, the Lamborghini Aventador provides extraordinary handling and performance together with a top speed of 350 km/h, while the Roadster adds the ultimate open top driving experience to the Aventador’s prowess.
With more cars, more brands, more premieres, and more events – the buzzword is ‘More’ at the 2013 Qatar Motor Show. Come see it yourself starting today until the 2nd of February, and see for yourself how you can “Stand Out from the Crowd.” More details are available at the show’s website at www.qatarmotorshow.gov.qa; live feeds from the Qatar Motor Show can be followed on Facebook at www.facebook.com/qatarmotorshow, and the event’s Twitter feed at @qatarmotorshow.#]

publié le 7 June 2016

Dr Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera named the Businessman of the year

press release

In its second edition, Qatar Today Business Excellence Awards (QTBEA) brought together the top businessmen and dignitaries in the country to celebrate the resilience of Qatar’s economy, honoring Dr. Mohammed Nasser Al Qahtani, DCEO of Al Meera consumer goods company (Q.S.C) as the businessman of the year.

Dr. Al-Qahtani deserved this recognition, as a prominent Qatari Businessman, following the astonishing financial results and significant profits made by Al Meera, and the opening of several new branches as well as the renewal and revamping of existing ones, not to forget reaching new heights on the Qatar stock exchange.
Among the most prominent achievements since Dr. Al-Qahtani joined Al Meera in 2011 is the great expansion with a leap growth in sales that same year that has exceeded by one billion QR . That same year, Al Meera acquired Qatar Markets Company W.L.L.’s (Giant Stores) and Al Oumara Bakery, which provided five new sale outlets in different areas totaling 15,000 square meters. These acquired businesses contributed 208 million QR and 10.3 million QR in sales and net profit respectively, and this had a positive impact on the company’s share, which maintained its value on the Qatar stock exchange.
Moreover, Al Meera continued in 2012 its steady growth in addition to the buying of 5 stores in oman with the its Omani partner, National Investment fund Company (NIFCO), reaching a total of 29 branches in Qatar and 5 other in Oman. Additionally, during this year, Al Meera bought the franchise right to WHsmith, which was set for inauguration at the Ezdan mall, Nuaija Mall and Hyatt plaza.

The year of 2013 was recognized by the opening of two new state of the art neighbourhood malls in Nuaija and Legtaifiya. In addition, Al Meera brought easy shopping to the communities in Beverly Hills 3 and Barwa Messaimeer. Al Meera took its chain of operations a step further that year by bringing the first Géant Hypermarket to Qatar as a result of transforming its Giant Stores at the Hyatt plaza, and turning it into a renowned international name. By the end of the 2013 financial year, group sales were up by 29.4% to 1.946 billion QR

While in 2014, Al Meera completed the construction of the 9 new, modern community shopping malls in Qatar, while also revamping and renovating it’s already existing stores.

Not to forget, in 2015, the company opened 10 branches new branches that were equipped with state-of-the-art elements.

Currently, Al Meera is working on following up on its plan to establish 14 new branches in various regions of the country, as it has already started the works at five shopping centers last year in each of North Sailiya (Al Miarad), Leabaib 2, Al Wakra (West), Umm Salal Ali, and Bu Sidra, which are expected to be delivered within the next three months. In addition, The Company had recently awarded contracts to Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company, to build six new stores in the coming period with a total contract value of QR 238,730,146. The company also signed a Memorandum of Understanding (MOU) for the operation and management of two shopping centers, in Fox Hills North and North Residential Villas districts in Lusail City.
Furthermore, Al Meera’s expansion plans also include the opening of new branches to serve students at Qatar Foundation for Education, Science and Community Development, where contracts were recently signed for the operation of two spaces at student housings (around 80 square meters each), and a space at the Students Center in Education City (approximately 150 square meters).
Dr. Mohammed Al-Qahtani business man of the year, has been responsible for elevating Al Meera, making it one of the fastest growing companies in Qatar. Dr Al-Qahtani did this through the implementation of the state’s economic and social strategies inspired by the QNV 2030 by building a strategic expansion plan in Qatar during the previous few years. Through these developments he established Al Meera as “Your Favourite Neighbourhood Retailer”, a chain that abides by the highest international standards not only meeting the consumer requirements but also gaining their complete satisfaction.

Dr. Al-Qahtani is currently Al Meera’s Deputy CEO, previously elected as Dalala Holding’s chairman, with a bachelor’s degree in law from Oman. He joined the oil and gas sector for 10 year by joining Qatar Gas, where he also got his masters in commercial law from the university new castle In the UK graduating with honors. He went on to receive a scholarship from the ministry of education for his PHD in international commercial law from Durham University, and returned back to joining the commercial sector being with Al Meera Consumer Goods Company, and a board member at Widam Food.

publié le 24 April 2014

Drake & Scull announces AED 147 million project win in Algeria

press release

Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, Oil and Gas and Water and Wastewater Treatment, has announced that Drake & Scull Construction (DSC), the general contracting arm of DSI, has been awarded a turnkey project worth AED 147 million to build a mixed-use development in Algiers, Algeria.

Under the terms of the contract, DSC will undertake the civil construction portion of the project, which covers a Total Built up area of approximately 66,500 m2. The development comprises of multi-storey residential units which also contain commercial retail space in the capital city.

Saleh Muradweij, Managing Director for Drake & Scull Construction, said: “We are delighted to have been chosen for this important and prestigious development in Algeria. Algeria remains one of our key growth areas and our gateway into the North African market and our teams will utilise our experience in the region and our skilled workforce to deliver more mega projects in the future. We remain optimistic about the potential of the Algerian real estate sector and we hope to consolidate our position as one of the leading General Contractors in North Africa in the near future.”

DSI has major presence in Algeria and is currently undertaking several projects across the residential, commercial and waste water sectors. Year to date, DSI managed to secure AED 1.19 billion worth of work in UAE, KSA, Kuwait, Europe and India across the Engineering, General contracting and Waste Water sectors.

DSI continues to enhance and strengthen its services offering with unmatched vertical integration and global footprint. The collaborative capabilities of the Engineering services (MEP and Water and Power), General Contracting, Oil and Gas, Rail and Infrastructure development continue to deliver strong performance quality work on project sites. Armed with a multicultural workforce, inherent financial strength and solid regional experience, the company’s outlook remains positive in terms of realising greater profitability and improving productivity across MENA, South Asia and Europe.

- Ends-

About Drake & Scull International PJSC

Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects via end to end solutions that provide integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, through People, Innovation, and Passion.

DSI established its first office in Abu Dhabi in 1966, and has since expanded operations to encompass offices in Dubai, Egypt, Kuwait, Libya, Oman, Saudi Arabia, Syria, Qatar, Jordan and India, Thailand, as well as managing projects in Europe and other parts of North Africa.

DSI ‘s main business streams include Drake & Scull Engineering, which serves as the MEP and Water & Power arm, Drake & Scull Construction (DSC), which is the General Civil Contracting unit and Drake and Scull Development, focusing on the Infrastructure sector.

In 2008, DSI offered 55% of its shares to the public and the IPO was oversubscribed 101 times. Ernst & Young ranked the IPO among the top 20 global IPOs in 2008.

DSI has since then used the funds to integrate, establish and acquire businesses that complement its corporate strategy of expansion into new markets, via organic and inorganic growth.

The fully Integrated Management Systems, certified to ISO 9001:2008, ISO 14001:2005 and OSHAS 18001:2007 standards are compliant with leading building, health and safety regulations, as well as sound environmental and energy management procedures.

DSI is a leader through experience, and has established a regional leadership position over 48 years of successfully completing the most complex projects on time, within budgets and matching set quality parameters.

DSI has completed many prestigious projects in the region for over four decades, and has helped shape the region’s skyline from within.

publié le 15 February 2009

DTCM AND CHINESE OFFICIALS DISCUSS GROWTH OPPORTUNITIES

[#Officials of Dubai Department of Tourism and Commerce Marketing (DTCM) met a high-level official delegation from the Chinese city of Dalian which was in the emirate to explore growth opportunities in various sectors, including tourism.

The delegation from the business capital of northeast China was headed by Mr. Xiao jing Zhang, Director General of the Economic and Trade Bureau of Dalian Development Area. The other members were Ms. Wang Yanhui, Deputy Director General of Dalian Development Area, Dalian Export Zone, Mr. Zhang Shikun, Director of Dalian Development Area and Mr. Lu Sheng, Director of Trade and Technical Development Bureau.

DTCM Executive Director Operations and Marketing, Mr. Mohammed Khamis bin Hareb, chaired the meeting which was also attended by Mr. Hamad bin Mejren, DTCM Executive Director of Business Tourism, and Mr. Salah Al Ansari, DTCM Director of Visitors Information Bureaus.

The meeting discussed the possibilities of marketing both cities mutually as tourist destinations as well as other business opportunities.

Mr. bin Hareb briefed the visiting delegation about various initiatives of Dubai in general and DTCM in particular, including the opening of three DTCM representative offices in the China last year.

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>

#]


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 28 March 2009

DTCM DISCUSS NEW INITIATIVES TO PROMOTE DUBAI TOURISM

INITIATIVES AIMED AT ENSURING DUBAI TOURISM INDUSTRY’S COMPETITIVENESS

[#As part of its continued efforts to market Dubai as a leading leisure and business destination and maintain tourism industry’s market competitiveness, the Dubai Department of Tourism and Commerce Marketing (DTCM) discussed with key tourism industry representatives a number of new initiatives to promote Dubai across the world.#]

[#Held at the DTCM Head Office, the meeting was chaired by the DTCM Director General, Mr. Khalid A bin Sulayem, and attended by Mr. Mohammed Khamis bin Hareb, DTCM Executive Director for Operations and Marketing, and Mr. Eyad Ali Abdul Rahman, DTCM Executive Director Media Relations and Acting Director Business Development. It was attended by representatives from the hotels and tourism companies.
The meeting reviewed the global tourism industry market trends and a number of new initiatives aimed at attracting more visitors to Dubai from across the world, especially the Arabian Gulf Cooperation Council (AGCC) states, and boosting hotel occupancies which remained during the months of January and February this year.#]

[#Mr. bin Sulayem said the new initiatives over the remainder of the year will help generate even better levels of hotel occupancies and help draw more tourists from different parts of the world.During the meeting, it was agreed that the hoteliers will offer best rates and holiday packages to the visitors, especially during the summer months, details of which will be announced in due course.The high occupancy levels recorded by hotels since the start of this year has prompted the DTCM and its tourism industry partners to come out with new initiatives to capitalize on the encouraging market scene.#]

[#Dubai retained its strong position with its hotels posting all-time high record revenues of AED15.25 billion and a double-digit increase in room inventory in 2008, one of the most economically-challenging times for the global tourism industry.Dubai hotel establishments played a host to 6,996,449 guests in 2008, up from 6,951,798 visitors in the previous year. In 2004, Dubai hotels received 5.4 million guests followed by 6.16 million in 2005.The slight increase in guest numbers enabled Dubai hotels and hotel apartment posting AED15.25 billion in revenues, an impressive increase of 15 per cent over the previous year.#]

[#In the year 2007, the revenues were to the tune of AED13.26 billion on the back of a 22.4 per cent growth.A 15.9 per cent increase was also recorded in the number of hotel rooms and hotel apartments, which stood at 49,598. In 2007, the number of hotel rooms and hotel apartments were 42,807 after a 4.8 per cent growth over the previous year.The tourism and hotel sectors directly contribute 19 per cent to Dubai’s GDP, while their indirect contribution to GDP stands at 32 per cent in 2008. In the last week of February, the average occupancy of five-star beach hotels was 95 per cent with the average room rate for the five-star hotel being AED1239.#]

[#A three-month familiarization programme -Keep Discovering Dubai- targeting 2000 tour operators, MICE agents and Media representatives had been launched by DTCM in cooperation with Emirates Airlines and other key players of Dubai’s tourism industry to provide them a hands-on experience of Dubai.#]

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>

#]


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 22 February 2009

DTCM HOLDS JOINT MEETING OF HOTELS AND TOURISM COMPANIES

[#The Dubai Department of Tourism and Commerce Marketing (DTCM) organized a joint meeting of Hotel and Hotel Apartment Group and Travel and Tourism Group at the Jumeirah Emirates Tower Hotel to discuss a wide range of issues relating to the emirate’s tourism industry.

The meeting was chaired by DTCM Director General Mr. Khalid A bin Sulayem and attended by senior officials from DTCM and Roads and Transport Authority (RTA) and Department of Civil Aviation (DCA) in addition to representatives from the two groups.

The meeting discussed issues relating to the tourism industry in the emirate and ways to strengthen the industry and better coordination among various government organizations to attract more visitors to the emirate.

The meeting discussed ’Rediscover Dubai’ programme that will be jointly conducted soon by DTCM and Emirates Airlines in association with hotels and tour operators. The familiarization programme will bring 2000 tour operators and media representatives from various parts of the world and help the efforts to promote Dubai in established and emerging tourism outsource markets.

The meeting also discussed various promotional and marketing campaigns that DTCM is taking in certain markets.

The RTA officials - Mr. Nasser bu Shahab and Mr. Abdul Malik Ibrahim- briefed the participants about various projects and initiatives of the authority and answered queries raised by them.

DCA official, Ms. Hannan Al Mazim, briefed the participations about various programmes and responded to queries concerning a variety of issues relating to the tourism industry.#]

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>

#]


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 2 May 2009

DTCM PUTS UP BIG STAND TO SHOWCASE DUBAI AT ARABIAN TRAVEL MARKET

[#132 CO-PARTICPANTS JOIN DTCM TO SHARE 1152 SQUARE METRE STAND DSF-DSS, DNRD, DUBAI POLICE, RTA & DCB AMONG CO-PARTICIPANTS
DTCM BRINGS 172 HOSTED BUYERS FOR WORLD’S THIRD BIGGEST TOURISM FAIR.#]

[#
With a stand measuring 1152 square metres, 74 booths and 132 co-participants from public and private sectors, the Dubai Department of Tourism and Commerce Marketing (DTCM) will be making a spectacular showing at the 16th edition of the Arabian Travel Market (ATM) at the Dubai International Convention and Exhibition Centre (DICEC) from May 5 to 8.

Dubai Stand (UAE 2500) will be located in Hall 3 of DICEC. The first three days will be exclusively for the travel and tourism industry professionals, while the concluding day will be for general public, according to the ATM organisers, Reed Travel Exhibitions.

ATM-2009 will see the participation of 2229 companies from 60 countries.

The world’s third biggest travel and tourism fair is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and the auspices of the DTCM.

The department convened a meeting of the co-participants on April 29 at Al Bustan Rotana Hotel to brief their representatives about the highlights of this year’s annual show, DTCM initiatives and the business and networking opportunities that would be available at the show during its four day run.

It was addressed by the DTCM Director Overseas Promotions, Mr. Saleh Mohammed Al Geziry, Mr. Talal Al Suwaidi, Head of Region India, Middle East & Southern / Eastern Africa at DTCM’s Overseas Promotions and Ms.Nadege Noblet, Regional Account Manager-Middle East & North Africa at Reed Travel Exhibitions.

Mr. Al Geziry thanked the government and private sector organizations for their overwhelming support to the DTCM to create a strong presence for Dubai at the ATM-2009 being held against the backdrop of global economic slowdown and one of the most-challenging operating landscapes for the tourism industry.

He said: "Dubai Stand size has increased to 1152 square metres this year from last year’s 1080, while there is a 28 per cent increase in the number of Hosted Buyers that DTCM is bringing this year for the co-participants."

He briefed the gathering about the DTCM’s promotional and marketing initiatives and the highlights of the Dubai Stand at the ATM-2009, including the hosting of 172 Hosted Buyers by the department this year, 28 per cent more than the previous edition.

Dubai Stand will be appealing to the visitors through a variety of attractions, including an Arabic Calligraphy Art Gallery and photo galleries on Events in Dubai and Old and New Dubai. A separate section will feature the international awards that DTCM won in 2008 and 2009.

A Heritage Corner will be another highlight at the Dubai Stand, which is expected to be a big draw for nearly 20,000 trade visitors and consumers projected to attending this year’s event.

Representatives from each of the DTCM’s 18 Overseas Representation Offices will also be on hand to support the Dubai co-participants on the matters pertaining to their respective markets.

The department has published a booklet offering details about its co-participants and contact details.

The IT department of DTCM will be showcasing the online services provided to the industry, while the Events organized in Dubai will be highlighted by the DTCM Events. DTCM’s Business Development will be promoting Go Green Dubai Tourism initiative. Dubai Convention Bureau will be promoting the emirate’s Meetings, Incentives, Conferences and Exhibitions (MICE) industry and DTCM’s One Stop Information Centre (OSIC) will be on hand to explain its services rendered to the industry and general public.#]

NOTE TO EDITORS:

DTCM is the principal authority for the development of tourism in Dubai, one of the world’s most popular destinations. Established in 1997, it is the sole licensing body for the hotel establishments and tourism-related businesses. Its supervisory role covers heritage sites, cruise terminal and convention bureau. DTCM has 18 overseas offices, including three in China and two in Saudi Arabia.
www.dubaitourism.ae

<http://www.dubaitourism.ae/>

#]


Mohamed Abdul Mannan
Department of Tourism
and Commerce Marketing
Tel. + 971 4 223 00 00 Fax: +971 4 223 00 22
P. O. Box 594, Dubai, U.A.E.
Website: www.dubaitourism.ae

publié le 17 January 2010

Dubai airport passenger numbers up 14.5%

Dubai International has announced that the total number of passengers increased by 14.5% to 3.8 million in December 2009, compared to 3.3 million passengers during the same month in 2008, Gulf News has reported. The airport saw the highest growth in passengers among the busiest airports in the world, with numbers of passenger reaching a record of 40.9 million. Cargo volumes also went up 5.6% in 2009 following a dramatic 26% jump in December and double-digit increases during the last quarter of 2009.

publié le 28 March 2009

Dubai Golf City Launch Prestigious Tilal Dubai Community

[#Dubai, March 26, 2009: Dubai Golf City LLC is pleased to announce that the development of its prestigious master-planned golfing community Tilal Dubai continues, with the sales and marketing launch that took place on Wednesday, 25 March 2009.#]

[#Tilal Dubai is a unique residential and golf course development being built in Dubailand, Dubai. Stretching out over 55 million square feet of landscaped greenery, it is comprised of an imaginative array of residential, sports and leisure quarters built around themed 18 hole golf courses. Tilal Dubai will be a low density development with an emphasis on privacy. Its location on naturally rolling topography at up to 50 metres above sea level, makes it some of the highest elevated land in the Emirate of Dubai. With residences situated above surrounding golf courses, it will offer some of the best and most uninterrupted views of undulating greenery in the region.#]

[#The select number of exquisite residences bordering the golf courses range from mansions and large villas to well appointed duplex apartments. The homes are designed to sit in harmony with the golf experience to guarantee Dubai Golf City’s position as a destination for golfers and non-golfers alike.#]

[#Dubai Golf City LLC is pleased with the progress of works at the site, including the initial 18 hole championship “Oasis Golf Course” (expected to be playable at#]


For all sales enquiries, please contact:
Mr. Aslam Khan
Vice President – Sales & Marketing
Dubai Golf City LLC
P. O. Box 87442, Dubai, U.A.E.
Tel: +971 4 511 8412
Mob: +971 50 441 5311
Fax: +971 4 511 8501
a.khan@dubaigolfcity.ae
For all media enquiries, please contact:
The CEO’s Office
Dubai Golf City LLC
P. O. Box 87442, Dubai, U.A.E.
Tel: +971 4 331 1000
Fax: +971 4 331 0808
r.camball@dubaigolfcity.ae

About Dubai Golf City LLC: Dubai Golf City LLC is a company jointly owned by the Thani Investments group, UAE and the Al Oula Real Estate Development group, KSA. The Thani Investments group is led by Abdullah Saeed Al Thani and has over 25 years experience in the oil & gas, mining and commercial sectors. Amongst other industries, the Al Oula group is one of the largest property developers in the KSA

publié le 10 September 2012

Dubai International Financial Centre grows 6% in first half 2012

press release

[# Dubai International Financial Centre (DIFC), the financial and business hub connecting the region’s emerging markets with the markets of Europe, Asia and the Americas, updates the market today on its continuous positive performance throughout the first half of 2012.#]

H1 Highlights
•The net total of active registered companies operating in the Centre grew to 899 (FY 2011: 848), an increase of 6%
• 90 commercial licences were issued in H1 2012 compared to 64 licences in H1 2011, a year-on-year increase of 41%
• Occupancy of DIFC-owned commercial offices in the Gate District increased to 98% (FY 2011: 95%) of the leasable space
• Occupancy in DIFC-owned retail space remained consistent at 96%
• Commercial office space within third-party developments under DIFC’s management is 86% occupied, compared to 72% occupancy at year end 2011

H. E. Abdul Aziz Al Ghurair, Chairman of the Board of Directors of DIFC Authority commented;
"The strong principles on which DIFC is founded - effective regulation and a dynamic business environment - position DIFC well to continue its development as a world financial centre. There are promising opportunities for significant expansion of DIFC both in terms of the number of companies operating here and the range of activities in which they are engaged."

Operating Review

DIFC has continued to strengthen its position as the international financial centre of choice in the region. As of 30 June 2012, 899 active registered companies had a presence in DIFC (FY 2011: 848 companies), with 329 regulated, 465 non-regulated companies, and 105 retailers (FY 2011: 322 regulated, 423 non-regulated, and 103 retailers). The number of employees working in DIFC stands at around 13,000.

Interest from North America and Europe continues to increase as western multinationals look to diversify their operations and expand towards the East. DIFC also witnessed sustained interest from Middle Eastern and Asian firms looking to increase their exposure to opportunities arising in Africa and the West. Today, the geographical diversity of the Centre’s total number of regulated companies reaffirms DIFC’s growing status as a global financial centre.

Approximately 36% of regulated member companies come from Europe, 26% from the Middle East, 16% from North America, 11% from Asia, and 11% from the rest of the world.

In the first half of 2012, DIFC issued 90 commercial licences, representing a 41% increase in registrations from same period last year (FY 2011: 135 registrations; H1 2011: 64). The Centre welcomed 9 new regulated companies including:
o Coutts & Company
o Swiss Re Corporate Solutions Ltd
o NBAD Investment Management (DIFC) Limited
o ICAP Securities Limited
o CIMD (Dubai) Limited
o Stonehage Trust holdings (Jersey) Limited

Amongst the licences were 73 issued to new non-regulated companies including:
o Booz & Company (M.E.) LLC
o BMW Finance (United Arab Emirates) Ltd.
o Marubeni Europower (Middle East) Limited

DIFC also attracted 8 new retailers including Mint Leaf of London and Brownbook Publishing FZ LLC.

As it continues to develop its modern and supportive infrastructure, major international firms took up significant additional space within the Centre including ES Bankers, which trebled its presence during the first half of this year.

DIFC remains the financial hub of choice for the world’s leading companies with 17 of the world’s top 25 banks1, eight of the world’s ten largest insurers2, eight out of 15 top law firms3, ten of the top 20 money managers4 and seven of the top ten consultancies5 all based in the Centre.

This is also underlined by Dubai’s ranking in the Global Financial Centres Index, which tracks competitiveness among 77 international financial hubs. Dubai is ranked the leading financial centre in the region and was also named amongst the top five centres where companies are thinking of opening offices. Moreover, a report from the Economist Intelligence Unit commissioned by Citi, entitled Hot Spots - Benchmarking global city competitiveness, ranked the most competitive 120 cities in the world for their demonstrated ability to attract capital, business, talent and tourists. Dubai was ranked 40 overall and the first in the MENASA region. Dubai was also ranked 10th overall for its financial maturity.

Soft Infrastructure Development

To remain competitive and operate as per the highest regulatory standards, DIFC continues to develop its internationally-recognised regulatory framework and legal system in order to support the growth of financial services and commercial activities.

During the first six months of 2012, four legislative proposals were published for public consultation and have been submitted for enactment by the Ruler of Dubai. These include amendments to the Employment Law, DIFC Law No. 4 of 2005; the Real Property Law, DIFC Law No. 4 of 2007; and the Data Protection Law, DIFC Law No. 1 of 2007. They also include a draft law and regulations for Non-Profit Incorporated Organisations.

At the same time, DIFC has further strengthened its efforts to develop its relationships with strategic counterparties and organisations. In H1 2012, DIFC Authority signed three mew Memoranda of Understanding (MoUs) with TheCityUK, the Australia Gulf Council and New South Wales Trade & Investment.

Physical Infrastructure Development

As new companies join and existing companies expand, demand for space at DIFC continues to grow. A total of 179,700 square feet of new space was occupied in H1 2012 representing 60% of those leased during the whole of 2011 (FY 2011 262,000 square feet).

Occupancy of the DIFC-owned commercial offices in the Gate District (Gate Building, Gate Precinct and Gate Village) remains high above 98% of the leasable space (total commercial office space: 1,379,103 square feet), while occupancy within the DIFC-owned retail space has remained consistent at 96% (Total DIFC-owned retail space: 226,397 square feet).

In the first six months of this year, the Property Lease Management Agreement (PLMA) between DIFC and a number of units in Liberty House expired. As such, third party owned office space managed by DIFC under the PLMA now includes the Currency House, Currency Tower and some units in Liberty House with a total area of 531,659 square feet. These are 86% occupied.

Office space in third party owned office space not managed by DIFC remains available and includes the Index Tower, Park Towers and Emirates Financial Towers as well as a number of units in Liberty House. The total space occupied in these buildings stands at around 349,407 sq ft though occupancy rates for the total space available in these developments are not available to DIFC.

publié le 10 September 2013

Dubai International Financial Centre Records 7% Growth in Active Registered Companies and Employment in First Half of 2013

press release

Net total of 979 registered companies with a combined workforce of 15,000 currently operating within DIFC’s financial ecosystem

Dubai International Financial Centre (DIFC), the financial and business hub connecting the region’s emerging markets with the markets of Europe, Asia and the Americas, updates the market today on its continuous positive performance throughout the first half of 2013.

H1 2013 Highlights

The net total of active registered companies operating in the Centre grew to 979 (FY 2012: 912), an increase of 7%
94 commercial licences were issued in H1 2013
1000 net new jobs created and 15,000 employees working in the Centre
The total leased commercial space increased by 122,300 square feet in H1 of 2013 representing a 6% increase over the total commercial space leased as of December 2012
Occupancy of DIFC-owned commercial offices in the Gate District increased to 97% (FY 2012: 94%) of the leasable space
Occupancy in DIFC-owned retail space increased to 99%, compared to 98% occupancy at year end 2012

Jeffery Singer, CEO of DIFC Authority commented;

Dubai International Financial Centre has witnessed numerous achievements over the last decade, and the last six months have been a continuation of our success. The Centre’s unique infrastructure, internationally recognized legislative and regulatory framework, and dynamic business environment have positioned DIFC to become a financial ecosystem. By connecting the region to the world, and the world to the region, DIFC provides excellent opportunities for companies based in the Centre to operate and expand their business, as reflected in the success and growth of Dubai’s economy.

Operating Review

DIFC has continued to strengthen its position as the international financial centre of choice in the region. As of 30 June 2013, 979 active registered companies had a presence in DIFC (FY 2012: 912 companies), with 365 regulated, 481 non-regulated companies, and 133 retailers (FY 2012: 345 regulated, 450 non-regulated, and 117 retailers).

Interest from North America and Europe continues to increase as western multinationals look to diversify their operations and expand towards the East. DIFC has also witnessed sustained interest from Middle Eastern and Asian firms looking to increase their exposure to opportunities arising in Africa and the West. Today, the geographical diversity of the Centre’s total number of regulated companies reaffirms DIFC’s growing status as a global financial centre catering to the region. Approximately 36% of regulated companies come from Europe, 27% from the Middle East, 16% from North America, 11% from Asia, and 10% from the rest of the world.

In the first half of 2013, DIFC issued 94 commercial licences.
The Centre welcomed 31 new regulated companies. These companies included:

_ China Construction Bank (Dubai) Limited
_ Bank of Baroda
_ Agricultural Bank of China
_ Asia Capital Re

49 licenses were issued to new non-regulated companies, including:

_ FTSE International (MEA) Limited
_ Dar Al Sharia Limited
_ Vitol Dubai Limited

DIFC also attracted 21 new retailers in the first half of 2013, including The Magazine Shop and Max Electronics, compared to 22 for the full year 2012 equal to the total number of outlets that registered with the Centre in 2012.

As DIFC continues to develop its modern and supportive infrastructure, major international firms expanded their operations within the Centre.

DIFC remains the financial hub of choice for the world’s leading companies with 21 of the world’s top 25 banks, 11 of the top 20 money managers, 6 of the world’s 10 largest insurers, and 6 out of 10 top law firms all based in the Centre.

Dubai has emerged as one of the Top 10 international financial centres, ranked 6th in The Banker’s (FT Business) ranking of international financial centres. Dubai ranks 3rd on inward FDI in financial sector and 5th on foreign listings (% of total listings).

Soft Infrastructure Development

DIFC continues to develop its internationally-recognised legal and regulatory framework in order to support the growth of financial services and commercial activities in the region, while operating under the highest global standards.

During the first six months of 2013, DIFC Authority proposed the amendment of a number of DIFC laws and regulations through the DIFC Laws Amendment Law, DIFC Law No. 1 of 2013 (“DIFC Laws Amendment Law”), in order to comply with the requirements set out by the OECD Global Forum on Transparency and the Exchange of Information for Tax Purposes (“OECD Global Forum”), and aligning the Arbitration Law, DIFC Law No.1 of 2008 (“Arbitration Law”) to the New York Convention.

In addition, DIFC Authority is also proposing to include transitional provisions in the Non-Profit Incorporated Organisations Law, DIFC Law No.6 of 2012 (“Non Profit Incorporated Organisations Law”) to allow existing non-profit organisations to become Non-Profit Incorporated Organisations without having to dissolve and re-incorporate.

Physical Infrastructure Development

As new companies join the Centre and existing companies expand their operations organically, demand for space at DIFC continues to flourish. The total leased commercial space increased by 6% over the total commercial space leased in December 2012 to 122,300 square feet in the first half of 2013.

Occupancy of the DIFC-owned commercial offices in the Gate District (Gate Building, Gate Precinct and Gate Village) remains high at 97% of the leasable space (total commercial office space: 1,371,000 square feet), while occupancy within the DIFC-owned retail space has increased to 99% (total DIFC-owned retail space: 230,000 square feet).

Third party owned office space, managed by DIFC under the Property Lease Management Agreement (PLMA), includes Currency House, Currency Tower and a number of units in Liberty House. The total area of these combined spaces is 530,000 square feet, 94% of which is currently occupied.

Third party owned office space not managed by DIFC includes units in the Index Tower, Park Towers and Emirates Financial Towers, Precinct Building 1 and 6, as well as a number of units in Liberty House, with the total space currently occupied in these buildings standing at approximately 372,000 square feet.

publié le 16 January 2011

Dubai is world’s best shopping destination, survey reveals

Press release

[#Dubai Department of Tourism and Commerce Marketing (DTCM) has announced that a new survey has named Dubai as the world’s top shopping destination among shoppers in the Arab World. Proactive marketing initiatives conducted by DTCM to promote travel and tourism attractions as well as business amenities in Dubai have helped cement the Emirate’s reputation as a popular shopping destination by shoppers in the Arab World and other countries worldwide.#]

[#
Shopping-oriented festivals such as the Dubai Shopping Festival (DSF) and Dubai Summer Surprises (DSS) have likewise strengthened Dubai’s claim as a global shopping haven.

"Dubai has an exciting mix of amenities that give customers a truly unique and pleasurable shopping experience. Moreover, Dubai’s impressive collection of international brands and retail outlets rival those of any other shopping city in the world - a key attribute that gives the Emirate a distinctive edge as the best shopping destination in the Arab World. Dubai Department of Tourism and Commerce Marketing will build on this distinction to develop more innovative campaigns and promotional activities that will further reinforce the reputation of Dubai as the world’s shopping capital," said Eyad Ali Abdul Rahman, Executive Director Media Relation Division & Business Development, DTCM.

In addition to a long list of luxury brands and a wide variety of retail choices, Dubai’s shopping centers have also been globally recognized for their distinctive amenities, such as the one-of-a-kind indoor ski slope at the Mall of the Emirates, and the majestic view of the iconic Burj Khalifa tower at the Dubai Mall.

Dubai was trailed in the ranking by Paris, which sits at a distant second with 13 per cent of the vote, followed by Beijing, Istanbul and London at joint third with 5 per cent each. New York, Beirut, Hong Kong, Bangkok and Tokyo complete the top 10, according to the survey, which polled 2,900 people from different Arab countries.

The survey by Yahoo! Maktoob Research revealed that 32 per cent of Arab shoppers rank Dubai as the best in a list that included prominent global cities such as London, Paris and New York.#]

publié le 21 February 2008

Dubai Mega Projects Conference coming up

As Dubai continues to set the pace for construction in the Gulf region, MEED - the business information specialist and conference organiser - has announced details of its fourth Dubai Mega Projects Conference. The event will take place on 3 and 4 March 2008 at the Al-Murooj Rotana Hotel in Dubai. The conference will provide insights into upcoming mega projects and look in detail at progress of existing projects such as Dubailand, Bawadi and Waterfront.

With Dubai’s population set to more than double to 3.5 million and tourist numbers to rise to 15 million by 2010, growth in the construction industry will continue. The aim of the city’s mega projects is to provide a mix of residential, commercial, leisure and tourism facilities to satisfy this growing population and large tourist influx.

A strong rental market in Dubai currently offers yields of up to 10% per annum driven by high demand for property especially among the expatriate community who makes up 80% of the population. This, combined with low purchase and sales costs, increasing availability of mortgages and high quality build make the property market very desirable, especially when surrounded by commercial and leisure facilities that are available in many mega project plans.

Edmund O’Sullivan, Chairman, MEED Events said: “Dubai can claim to be the current worldwide leader in mega projects. The range, scope and scale of what has been launched and what is planned is truly inspiring. MEED’s Dubai Mega Projects Conference brings together all of these visionary ideas into one place. We will be looking at new projects as well as examining progress on more established developments.”

Matt Joyce, Managing Director-Waterfront, Nakheel who is speaking at the conference added: “Nakheel is one of the world’s largest and most innovative real estate developers. We are a major player in the transformation of Dubai and the creator of some of the world’s most iconic developments. We are changing the map of Dubai, playing a key role in shaping the city’s future with a portfolio of landmark developments that will add more than 1,000 kilometres of new waterfront and create homes for 3,000,000 people.

“Waterfront is perhaps the largest and most ambitious urban development project in the world to date: a real ‘megaproject’. Located on the Western shores of Dubai, Waterfront will transform empty desert and sea into an international community for an estimated population of 1.5 million people that is twice the size of Hong Kong Island. The conference will give attendees the chance to gain a valuable insight into what it takes to build such a city; an exemplar sustainable city that is founded on the principles of resource efficiency, social equity, and economic prosperity.”

Other confirmed expert speakers include: Nicholas MacLean, Managing Director, CB Richard Ellis; Michael Proffitt, Chief Executive Officer, Dubai Logistics City; Saeed Ahmad Saeed, Chief Executive Officer, Limitless; and Khalifa Al Zaffin, Director of Projects, DP World.

With an array of industry leaders and government officials already confirmed to attend, the event promises unrivalled opportunities for developing new business partnerships and new investments.

More information about the Dubai Mega Projects Conference 2008, including latest news, pre-conference workshop and full conference details, can be found atwww.meed.com

publié le 30 August 2011

Dubai Metro ’hotspots’ in big demand

[#Property rentals close to Dubai Metro stations command rates from 10 to 20 per cent more than similar properties elsewhere, according to a major UAE-based property services company.#]

[#As the supply of additional office and apartment buildings continues unabated in Dubai, the highly competitive property leasing rates are now being dictated by a new market dynamic, said Asteco.

Location, or specifically close proximity to a Dubai Metro station is now becoming a priority for many tenants, who are prepared to pay up to 20 per cent extra for the privilege, said Asteco CEO Elaine Jones.

“The Dubai Metro has added a whole new market dynamic and as the network is rolled out across the Emirate, the rental disparity will become even more pronounced than it is already,” she added.

Evidence from many international markets consistently reveals that land and property values and ultimately rentals, within the vicinity of stations linked to metro lines increases significantly.

According to figures from HotProperty.co.uk, homes in central London within five-minutes walking distance of a tube station are up to 21 per cent more expensive than those of similar properties further away.

However, what is interesting is that the increases do not occur usually until after the stations physically open, not when the line is announced or under construction, said Jones.

“This would give savvy investors and tenants an opportunity to keep one step ahead of the market,” she added.

Properties surrounding the currently operational metro stations are in higher demand attracting higher rental rates.

For example a two-bedroom apartment within walking distance of the Mall of The Emirates metro station will lease for between Dh60,000 ($16,336) to Dh65,000 per annum compared to properties only a couple of kilometers away which lease for Dh50,000 to Dh55,000, said Jones.

More up market properties are showing a similar trend, where a two bedroom apartment near the DIFC and Emirates Towers metro stations will cost anywhere between Dh110,000 to Dh130,000 annually and the same property further away will cost Dh90,000 to Dh100,000 a year.

Further afield, a property in Deira within walking distance to the metro will now command an annual rental rate of Dh 50,000 whereas a similar property further away can be leased for as little as Dh40,000.

“This is a perfect example of market maturity,” said Jones. “Certain property fundamentals remain consistent and location is of primary importance.

With the opening of the Dubai Metro Green Line next month, on September 9, it will have a further 18 stations over 23 kilometres and cover some of the emirate’s busiest tourist segments along the Creek, crowded residential areas, business districts and ministry offices.

Property prices are no longer based on its geographical location alone, now a property in Bur Dubai or Deira with immediate access to a metro station can cost similar rates to a property in Jumeirah Lake Tower’s or Business Bay without metro access.

“Ibn Battuta Gate is a good example of a Metro community. It has all of the necessary amenities, shopping mall, medical centre, schools, residential area, offices and even a five-star hotel. Added to that is direct access to 30 stations from Al Barsha to Bur Dubai, Al Rashidiya, Deira and Al Qusais,” said Jones.

“To the same degree, it must also be favourable for companies, to be close to metro stations. The benefits of cost and convenience would be considerable for low and middle income workers,” added Jones.#]

Source: Tradearabia

publié le 10 July 2013

Dubai Properties Group Announces Development of JBR Beach Club

Press release

Dubai Properties Group (DPG), a member of Dubai Holding, and the master developer of Business Bay, Dubailand and JBR has announced today that plans are underway for a Beach Club development at its flagship destination, The Walk at JBR.

The developer has confirmed that a design competition was conducted for the project and the process of appointing the successful architect is in the final stages.

The Walk at JBR is one of the most distinctive and popular entertainment and shopping destinations in the UAE, welcoming over 10 million visitors in 2012 alone. The JBR beach club is one of the first in a series of new developments that will further cater to JBR residents and visitors to The Walk, with work to start on the project later this year. DPG will be making further announcements on additional projects for The Walk in the near future.

Speaking about DPG’s plans for The Walk at JBR, Khalid Al Malik, Group CEO of Dubai Properties Group said: “We always look for further opportunities to enhance our destinations and communities. The JBR beach club will further add to the quality of living that residents currently have, offering them additional services and leisure facilities.”

- See more at: http://dubaipropertiesgroup.ae/news/dubai-properties-group-announces-development-jbr-beach-club#sthash.SL1bnrNW.dpuf

publié le 3 January 2012

Dubai ready to launch property investment guide