Dubai Customs organizes 2nd DCCC meeting with business groups amid high hopes of trade recovery and prosperity

سلطان أحمد بن سليم: مجموعة من المرتكزات الرئيسية تدعم نمو تجارة دبي الخارجية

Dubai Customs organizes 2nd DCCC meeting with business groups amid high hopes of trade recovery and prosperity Dubai – 20 June 2021: Dubai external trade is moving steadily toward more growth based on a number of success factors including Dubai’s outstanding capability, dynamism and agility in handling the pandemic crisis, and that, coupled with a safe and advanced infrastructure and strategic location, is urging many companies to move their production lines from to the emirate. This was the highlight of the opening statement of H.E. Sultan bin Sulayem, DP World…

Aafaq Islamic Finance announces 68% increase in profits in 2020

“آفاق الإسلامية للتمويل” تحقّق زيادةً في الأرباح بنسبة 68%

Despite the repercussions of the current global pandemic, Aafaq Islamic Finance, the leading institution in the financial sector across the UAE and the region, revealed profitable results of the Annual General Meeting of shareholders held for the fiscal year 2020. The meeting was held remotely in the presence of members of the company’s board of directors, representatives of the Ministry of Economy, the Fatwa and Sharia Supervisory Board, external auditors and the Central Bank last Wednesday. At the meeting which was chaired by Mr. Matar Hamdan Al Ameri, Second Vice…

Middle East Energy Dubai generated over AED18 billion of business in 2020

معرض الشرق الأوسط للطاقة في دبي يحقق أكثر من 18 مليار درهم

Registration now open for Middle East Energy Dubai 2021 Live and in-person physical event to take place at Dubai World Trade Centre from 14-16 June Online conference series to begin on the 17th May and run for four weeks  Middle East Energy Dubai, the leading global energy industry event formerly known as Middle East Electricity, has revealed the 2020 edition of the show generated more than AED18 billion worth of business during the three-day showcase, as registration for the 2021 event goes live today. Held under the patronage of HH…

ICC UAE Banking Commission tops on world stage Ahmad Lootah re-elected Chairman for 2021-2023 term of office

ICC UAE Banking Commission tops on world stage

The International Chamber of Commerce, United Arab Emirates (ICC UAE) Banking Commission has been identified as a top performing Commission within the ICC global network during 2020. Speaking at the General Assembly Meeting (GAM) of the ICC UAE Banking Commission held online Ahmad Lootah, Chairman of the ICC UAE Banking Commission, said: “The ICC UAE Banking Commission has been identified as one of the two top performing Commissions in the world in 2020.” The GAM also elected a new steering committee for 2021- 2023. Ahmad Lootah, CEO & Managing Director,…

Hybrid Meetings: The Future of Sustainability

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In today’s ever-evolving world, sustainability is becoming more important than ever, no matter which country or industry, many have become increasingly conscious of the vulnerable and marginalised, and are motivated to support social causes. Looking towards the future there are many signs that COVID-19 has in fact embedded social responsibility, environmental awareness and expectations of businesses to understand the cultural values. The past year drove people to reconnect with their local communities and lend a hand to those in need, shifting the attention to the importance of sustainability and leading…

Steinhoff International Holdings N.V. : NOTICE OF THE AVAILABILITY OF A s155 PROPOSAL

Steinhoff International Holdings N.V. : NOTICE OF THE AVAILABILITY OF A s155 PROPOSAL

STELLENBOSCH, South Africa–(BUSINESSWIRE/AETOSWire)— STEINHOFF INTERNATIONAL HOLDINGS PROPRIETARY LIMITED (“THE COMPANY”) NOTICE OF THE AVAILABILITY OF A s155 PROPOSAL Notice is hereby given to inter alia certain creditors (“Scheme Creditors”) of Steinhoff International Holdings Proprietary Limited (“the Company”), of a proposed scheme of arrangement and compromise (the “Scheme”), and of the availability of the proposal / Scheme document (the “Proposal”). 1 ACCESSING THE PROPOSAL AND ITS ANNEXURES The Proposal and its annexures are available at www.SteinhoffSettlement.com, and by completing a request form from the Registrar of the High Court of South Africa,…

Breakbulk Middle East Digital Special gains the support of key players in the industry

دعم كبير من الجهات القيادية في القطاع البحري للنسخة الرقمية الخاصة

The virtual event aims to provide maritime professionals with an accessible platform to discuss industry challenges despite the global crisis As part of its vision to support the breakbulk and project cargo industry, Breakbulk Middle East (BBME), the GCC’s leading breakbulk and project cargo event, held under the patronage of the UAE Ministry of Energy and Infrastructure, is scheduled to take place digitally this year. Titled Breakbulk Middle East Digital Special, the new version of the much-awaited event is scheduled to take place on February 9 and 10, 2021. The…

Fostering growth across the region’s project cargo and breakbulk industry

Fostering growth across the region’s project cargo

Breakbulk Middle East 2021 set to go the digital route this year The leading event in the project cargo and breakbulk industry aims to provide maritime, logistics and transportation professionals with an accessible platform to discuss industry challenges despite the global crisis Breakbulk Middle East (BBME), the GCC’s leading breakbulk and project cargo event, held under the patronage of The UAE Ministry of Energy and Infrastructure, will be presented digitally this year. Titled Breakbulk Middle East Digital Special, the new version of the much-awaited event, will take place on February…

46% of Middle East luxury travellers plan to holiday abroad in 2021, says YouGov survey

46% of Middle East luxury travellers plan to holiday abroad

Dedicated luxury event ILTM Arabia to be co-located with ATM 52% of luxury travellers in ME also keen to take a staycation The latest data analysis produced by YouGov for Reed Exhibitions, the organiser of Arabian Travel Market (ATM), has revealed that 46% of luxury travellers in the Middle East, are planning to travel internationally at some stage during 2021. The survey also asked the same recipients if they were planning to take a domestic holiday or staycation during 2021 and more than half (52%) of the respondents confirmed that…

SINOPEC Yizheng selects INVISTA P8++ PTA Technology

SINOPEC Yizheng selects INVISTA P8++ PTA Technology

SHANGHAI–(BUSINESS WIRE/AETOSWire)— INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and China Petrochemical International Co., Ltd. (“Sinopec Yizheng”) have reached an agreement for licensing of INVISTA’s industry leading PTA P8++ technology for Sinopec Yizheng’s third PTA line. This plant will be installed in Jiangsu province, China, with an annual name-plate capacity of 3 million tonnes. Sinopec Yizheng previously utilised IPT’s P6 PTA technology for its 450,000 te/annum second PTA line. Sinopec Yizheng and INVISTA are pleased to once more leverage this technology to create long-term value for both parties.…