Thumbay Moideen receives ‘Global Leader’ honor at NDTV Gulf Indian Excellence Awards 2016

United Arab Emirates: To celebrate remarkable contribution in healthcare and
education services across UAE, NDTV honored Mr. Thumbay Moideen, the founder
president of Thumbay Group the title of "Global Leader" at the Gulf Indian
Excellence Awards on Sunday, 11th December 2016. The award was presented at a
gala function held at Hyatt Regency, Dubai Creek Heights, attended by leading
Indian businessmen and professionals from the Gulf region.

Mr. Moideen was accorded the prestigious recognition for his accomplishments as
an Indian entrepreneur in the Gulf region that has pioneered the transformation
of education and healthcare business into a multi-disciplinary conglomerate with
global presence, operating over 20 brands spread across 18 sectors.

Receiving the award, Mr. Moideen said, "I am humbled to receive this
recognition. It is a great feeling when your accomplishments are recognized at
global forums. Moreover, this award comes at a time when we are expanding our
businesses in India, in a big way."

Mr. Moideen also led the panel discussion on the topic "Time to Bridge the
Gulf," conducted as part of the awards ceremony. The discussion touched upon the
various subjects where the UAE and India share a common interest, and explored
ways to convert mutual relations into a strategic partnership. The other
participants included Mr. Vicky Kapoor (Associate Editor - Khaleej Times), Mr.
Shaji Ul Mulk (Chairman - Mulk Holdings) and Mr. Kulwant Singh (President -
IBPC). A second panel discussion led by Dr. B. R. Shetty, Chairman - NMC Group
had the topic "Heralding the partnership in a new era."

Mr. Moideen said that after Thumbay Group's accomplishments in the UAE, the
group was expanding to Africa and the Indian subcontinent, with major projects
scheduled to be completed within 2022. The launch of Thumbay Hospital, Thumbay
Pharmacy, Thumbay Labs and Blends & Brews Coffee Shoppe in Hyderabad earlier
this year marked the group's foray into India, and future plans include
university campuses and a series of teaching hospitals in the major metros.
University and hospital projects are underway in Africa as well, with the first
ones expected to become operational soon. Thumbay Group has also opened
representative offices in 20 different countries. Elaborating on the group's
strategic plans, which includes 15 Thumbay academic hospitals in the next five
years, Mr. Thumbay Moideen said, "The Thumbay academic hospital network will
have a total of 1000 beds in the UAE, 1500 beds in India and 750 beds elsewhere
in the Gulf and Africa, by 2022."

About Thumbay Group

Founded by Mr. Thumbay Moideen in 1998, Thumbay Group today operates more than
20 brands across 18 different verticals including Education, Healthcare, Medical
Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Opticals,
Wellness, Nutrition Stores, Hospitality, Real Estate, Publishing, Technology,
Media, Events, Medical Tourism, Trading and Marketing & Distribution.
Headquartered in Dubai, the group presently employs around 5000 people, which is
projected to increase to around 20000 by the year 2022, with the completion of
ongoing and upcoming projects. Currently, Thumbay Group is focusing on its
strategic long-term plans which will see the group scale its businesses almost
ten times and expand its operations globally.

UBP Investment Outlook 2017 – “Growth, elections, volatility & opportunities”

UBP Investment Outlook 2017 – “Growth, elections, volatility & opportunities”

Dubai, UAE 13 December 2016

As 2016 draws towards a close, Union Bancaire Privée sets out its investment outlook for 2017 and highlights a number of specific opportunities and risks facing investors in the coming year:


  • Inflation is knocking on the door – “A progressive rise in developed countries”
  • Monetary policy: closing the lid on the monetary tool box – “Central banks less aggressive on reflation”
  • Preparing for a changing interest rate environment – “When interest rates stop falling…”
  • Alternative investments: a key risk diversifier and risk management tool – “An important role for alternatives to provide diversification, limit volatility and improve investor returns”
  • Emerging markets: identifying opportunities – “Compelling value remains across many emerging markets.”
  • Japan: betting on change – “As a leading developed economy, Japan may seem to be an already mature market with only limited opportunities. However, is becoming clear that initial impressions are not the whole story…”
  • What’s next for the US and Europe? – “The US faces a valuation challenge and uncertainty continues to swirl around the eurozone”


Looking ahead to recovery in 2017


2017 could finally be the year that marks the end of a decade dominated by the economic crisis and its aftermath. Another Great Depression was avoided, but not the Great Recession of recent years, which has left scars that today’s “New Mediocre”, as coined by the IMF, cannot erase.


The global economy has stumbled over many a new and unexpected risk in the past years, but this period could end on a more optimistic note. The outlook for next year is looking brighter and we believe growth could rise to 3.5%. This recovery promises to be driven by brisker activity in emerging countries and the growth momentum building up in the US.


Firmer and lasting growth in emerging countries

Growth in emerging countries should speed back up in 2017 to nearly 5% in aggregate, having dropped as low as 4.5% in 2016. The commodity price rally, and the reforms and stimulus by governments should restore the foundations of growth, with a better balance between sectors which should make that growth more sustainable.


China and India will continue to be emerging countries’ growth engines. China’s growth rate may rise back to 7% thanks to the stimulus measures applied in 2016, and also as a result of the reforms to shift its growth model from being centred on exports and manufacturing to running on consumer and infrastructure spending. India’s economy has regained all its vigour and recent reforms there should also push growth up towards 8%.


Asia should keep up its strong momentum, but the outlook is also improving in other regions. Russia and Brazil will benefit from the recovery of the commodity markets and should ease out of recession in 2017, also helped by stabilising domestic demand.


So for the first time since the financial crisis, economic activity in emerging and developed countries should be more synchronised. The agreements on oil production and the gradual increase in trading within each region should help world trade rebound, after several years of near stagnation.


Moderate growth in developed countries

Growth in developed countries should generally stay below 2% in 2017 but we expect the US to reach 2.3%. Domestic demand there should receive a boost from the thriving job market and the gradual recovery of capital expenditure, including in the oil sector.


Growth prospects in the eurozone and Japan are more moderate, hovering between 1% and 1.5%. Employment should pick up in the eurozone and support consumer spending, and investment should also rebound. The European project is still fraught with doubts, but austerity policies should ease back and make way for the early signs of recovery. In Japan the fiscal and monetary stimulus announced has yet to materialise and consumer spending and investment are still subdued. In summary therefore, Europe and Japan are waiting for a kick-start from the US and emerging countries.


The UK’s outlook appears to remain uncertain until the negotiations with the EU yield a clearer picture of future economic relations between the two regions post Brexit. The UK economy may slip into a technical recession at the start of the year until the new framework becomes clear.


As regards Switzerland, it should achieve economic growth of 1.4% in 2017, quite close to that of the eurozone and Germany. The Swiss economy has proved highly resilient, maintaining a rather stable and steady growth rate despite its constantly overvalued currency against the euro, but this has been thanks to the flexibility of its manufacturing and services economy.

Learning the lessons of the past

The world economy still faces major challenges in the coming years despite the predicted recovery in 2017. The crisis has destroyed capital, and developed countries are still struggling to rebuild higher potential growth, which has made for low productivity gains compared to the years before 2007. Moreover, monetary authorities could scale back their stimulus policies as inflation picks up, while public debt is still high in developed countries and corporate debt has kept expanding in the past few years, especially in the US.

The views outlined above are explained in full in UBP’s “Investment Outlook 2017” report available upon request.

Bring in pristine white winters with United Furniture

Bring inpristine white winterswith United Furniture

Dubai, December 13, 2016:Ever looked at gorgeous white homes in elegant magazine spreads and craved that for your home? With winter finally here, it’s time to open the windows and let that lovely breeze in. Now is a great time to freshen up your living space with elegant whites to create bright open spaces in your homes.

Decoratingwith this rich and elegant hue can be tricky, though. “We often have customers walk in looking for help to create open white interiors in their homes. This is a simple colour, yet people are unsure of it as they come from the fear of maintaining this light shade. Especially for a family with young kids,” says Mr. Anup Ravindranath, Director, United Furniture.

“We like to reassure our customers that this colour scheme is very achievable, whether or not they have kids at home. It is versatile and easy to implement. This is one of our favourite shades and we love guiding our customers through this experience,” he added.

If you are a family with young kids, and fear that white would demand heavy maintenance, experts at United Furniture recommend using the colour in bits and dozes. Use whites cleverly through your home to bring in the openness that the colour offers, and compliment it with dark shades in practical ways. A black rug against white flooring, light curtains and abstract cushions set against a cream leather sofa is a great mix.

White, being one of the most versatile shades, can be easily combined with a number of beautiful bright colours to create a little drama. If you’re like most people who don’t have much time left at the end of a busy day for anything extra, you could go easy on yourself by adding just a few fun accessories that can bring that fresh spark into your home.


United Furniture is welcoming winter with a wide range of whites. From sprawling bed sets to sofa sets and a wide range of accessories, it’s a white winter at United Furniture.

United Furniture showrooms in the UAE are located on Sheikh Zayed Road and Ibn Batutta Mall in Dubai and Al Qassimiya Street in Sharjah.


About United Furniture:


Established in 1975, United Furniture has become one among the leading furniture and furnishings brand in the UAE. The brand is known for its distinctive drift toward contemporary and classic collections, meeting the styles of the modern day home décor.


Housing up-to-the-minute modern trends, United Furniture carries a wide-ranging collection of home and office furniture. The brand also houses a vast collection of furnishings and accessories. With the products being sourced from around the world, United Furniture aims to offers supreme quality and world-class style to its customers at affordable pocket-friendly prices.


With the aim to create a delightful and wholesome shopping experience with every visit, the brand ensures a personalized service with team of highly-trained staff that greets every customer with a smile.


The United Furniture stores in Dubai are located at:

Sheikh Zayed Road, between Toyota Showroom & Oasis Centre. Tel. No. 04 3389690

Al Qassimiyah Street in Sharjah Tel. No. 06 5663777

Ibn Battuta Mall, India Court Expansion. Tel No. 04 5570144


Sharjah Tatweer Forum concludes Annual Retreat 2016 with recommendations to promote innovation within Sharjah’s manufacturing sector ‘24 Hours of Proactive Thinking’ event draws in wide participation of high-profile personalities and decision makers

Sharjah Tatweer Forum concludes Annual Retreat 2016 with recommendations to promote innovation within Sharjah’s manufacturing sector ‘24 Hours of Proactive Thinking’ event draws in wide participation of high-profile personalities and decision makers

December 12, 2016

Sharjah Tatweer Forum (STF) revealed the successful completion of its Annual Retreat 2016, a yearly event aimed towards highlighting the importance of unifying efforts and integrating opinions to lead Sharjah’s manufacturing sector into a new phase of growth, development and prosperity. The Annual Retreat 2016 was held under the theme ‘24 Hours of Proactive Thinking’ and attracted high-profile officials and decision makers from government and private sectors to share their visions for the future of Sharjah during thorough discussions focused on innovation in the manufacturing and industry sectors.

The event offered one single platform to engage in fruitful discussions and interactive presentations that addressed the important issues and topics related to the industrial sector. The participants also examined the current status and future prospects in light of the promising opportunities, through envisioning the innovation drivers and their impact on this important industry as a whole.


The retreat highlighted the pivotal role of innovation in reshaping and transforming the manufacturing and industrial industry to keep pace with the requirements of the 21st century.

The discussions between the high-profile attendees from all around the world resulted in the recommendations to further promote innovation and creativity within Sharjah’s manufacturing and industrial sector. The recommendations were shared at the end of The Annual Retreat of Sharjah Tatweer Forum, which was held at Al Maha Resort and Spa with wide regional and international participation.

The event was attended by eminent personalities, including H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry; Badr Al-Olama, CEO, Strata; H.E. Khalid bin Butti Al Hajri, Director General, Sharjah Chamber of Commerce and Industry (SCCI); Dr. Essa Al Bastaki, President of University of Dubai; Eng. Saed Al Awadi, CEO of Dubai Export Development Corporation (DEDC); H.E Marwan Al Sarkal- CEO of Sharjah Investment and Development Authority (Shurooq); Eng. Saeed Saif Al Matrooshi, Secretary-General of the Executive Council Ajman; Khawla Al Mulla, Chairman, Consultative Council of the Emirate of Sharjah; and Hatem Al Mosa, CEO at Sharjah National Oil Corporation (SNOC).

Among the high-profile attendees were Khalifa Al Jaziri, Director General of E-home Automation International; Eng. Khaled Issa, COO, Juma Al Majid Group; Yousif Al Zarouni, Director of Procurement, Legal and Administration at Bee’ah; Ahmed Marzouki, Director of External Communications at Dubai Electricity and Water Authority (DEWA); Ibrahim Al Jarwan, Deputy Director of Sharjah Centre for Astronomy and Space Sciences; Faisal Al Hamoudi, Senior Manager of Takamul Program, Ayman Basha, Regional Head of Banking Unit, CNS; Abdelaziz Shattaf, Director of Sharjah Exports Development Centre (SEDC) at Sharjah Chamber of Commerce and Industry (SCCI); Lalu Samuel, President, Kingstone; Mohammed Shael Al Saadi. CEO Business Registration and Licensing sector, Department of Economic Development (DED); and Jamal Al Shamsi from Tawazun.

High level officials from Sharjah Tatweer Forum also took part in the discussions of the Annual Retreat 2016, including Jassem Mohammed Albloushi, Chairman; Asma Al Nabooda; Vice president; and Board Members Mohammed Hamdan Bin Jersh and Saud Al-Najjar.

The participants were divided into groups, wherein each group focused on generating new visions and innovative ideas that better support the development and growth of Sharjah’s manufacturing sector. The topics discussed included innovation in the air-conditioning industry in the UAE, Investment opportunities and success of tire manufacturing in the UAE, Creation of ideal environment to attract foreign investments to the local recycling industry, innovation in Internet of Things (IoT) and innovation in 3D printing.

The audience discussed a number of topics such as highlighting the promising opportunities that the Emirate of Sharjah looks for, the emergence of innovative industries, achieving concrete and positive results for the industrial sector as well as the adoption of new standards for the industry to promote adopting modern and innovative techniques that ensure the success of various industries.

Through the working groups, the forum presented a real opportunity to activate the role of government entities in developing the industrial sector through the exchange of views on introducing new mechanisms and qualitative initiatives that make partnership with the private sector, contributing to the development of the economic sector, which is one of the priorities of the Emirate of Sharjah under the directions of HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah and Honorary Chairman of Sharjah Tatweer Forum, who insisted on the need for integrating efforts and synergy between the public and private sectors to build a competitive economic and investment environment in the emirate.

The discussions mainly focused on the innovation factor, which constitutes a milestone in the growth of any sector, specifically the industry and manufacturing sector, underscoring the great importance of innovation in supporting the overall comprehensive and sustainable development of the UAE and rest of the world.

This year’s forum was a result of the strategic cooperation of the Sharjah Tatweer Forum, SAP and Sharjah Chamber of Commerce and Industry. In the context of this cooperation, SAP has organized a workshop on design thinking, which was attended by high-level stakeholders and contributors to develop effective and strategic plans and innovative solutions in order to face the potential challenges in the industrial sector. During the workshop, participants were divided into separate groups and were asked to focus on a particular issue to develop integrated road maps to help enhance the growth and development of this sector in the coming period.

The attendees have expressed their happiness in attending this extraordinary and important meeting, which was aimed to meet and put forward their views regarding the future of the industry in Sharjah. They stressed that the forum has strengthened the exchange of views in light of the presence of government and private sectors to come up with valuable recommendations.

At the conclusion of the forum, Jassem Albloushi, Chairman of Sharjah Tatweer Forum, expressed his happiness with the remarkable presence of the partners in government and the private sectors, the discussions of all the promising opportunities in the industry sector in Sharjah and the availability of components needed to drive in prosperity for this sector.

He said, “We are happy with the great turnout and the positive outcomes of this annual forum, which has provided an excellent platform over the last two days to exchange bright ideas and innovative suggestions among experts in a joint step to achieve the desired goals and ambitious aspirations that we aspire to achieve in the forum.”

Albloushi also pointed out that the wise leadership of the UAE is keen to organize the national initiatives aimed at consolidating the culture of creativity and innovation in the local community, in line with the process of digital transformation in the country.

He said that Sharjah Tatweer Forum is looking forward to share the outputs with decision-makers, industry leaders and stakeholders to work together to shape a better and a more prosperous future for the industrial and manufacturing sector in Sharjah and the rest of the UAE—further reinforcing the vision of leadership in the continued growth of the emirate.

800 DEGREES NEAPOLITAN PIZZERIA now opens its sixth outlet in RiverlandTM Dubai – Dubai Parks and Resorts

800 DEGREES NEAPOLITAN PIZZERIA now opens its sixth outlet in RiverlandTM Dubai – Dubai Parks and Resorts

  • Experience the taste of Italy at the sixth branch of 800 DEGREES NEAPOLITAN PIZZERIA, in RiverlandTMDubai, at Dubai Parks and Resorts
  • A franchise chain from L.A. with a traditional Napoli concept, 800 DEGREES has outlets open in Mall of the Emirates, City Centre Deira, City Centre Me’aisem, Burjuman, Dubai Marina-Park Island and at RiverlandTM Dubai, in Dubai Parks and Resorts
  • Inaugurated by founder Anthony Carron, 800 DEGREES offers a range of customizable options to create the pastas and pizzas of ones liking from freshly prepared ingredients straight from Italy 

Dubai, United Arab Emirates, 12 Dec, 2016: 800 DEGREES NEAPOLITAN PIZZERIA, an Italian concept originating from L.A., unveils its latest branch in RiverlandTM Dubai, a uniquely themed retail and dining destination at the heart of at Dubai Parks and Resorts. Overlooking the river, 800 DEGREES’ new branch hosts a delightful Alfresco seating as well as indoor seating that makes supper time an enchanting experience. Launched by franchise-owner, Manish Jeswani, L.A. Concept owner Anthony Carron, and Master Pizzaiolo, Rosario Accaria, the new outlet of 800 DEGREES is the perfect blend of casual and fine dining that brings out the flavor of Naples.   

Made with specially sourced Napoli 00 flour and ingredients prepared freshly every morning, 800 DEGREES’ traditional Neapolitan Pizzas are baked to perfection in an almond wood-fired oven at 800 Degrees Fahrenheit. The authentic Pizza Napoletana by 800 DEGREES is created with flour, salt, water and wild yeast for a fluffy crust and thin base. One can also choose a 95% gluten-free base and over 5 choices of sauces to spice up the traditional Neapolitan Pizza. Customizable from the base up, one can either choose from a set menu of specialty pizzas or create one’s own pizza for a truly personal feel. Apart from pizzas, 800 DEGREES also hosts a pasta station, a variety of salads, sides, gelato, Italian desserts, coffees and special Italian drinks.

Manish Jeswani, the Managing Director of Eaters LLC and franchise rights owner of the US based 800 DEGREES NEAPOLITAN PIZZERIA, said, “It’s so exciting after a year of being in Dubai having the privilege of inaugurating in such a large project like the Dubai Parks and Resorts. We are excited to work alongside DXB Entertainments, the owner of Dubai Parks and Resorts. With such an exceptional view of the river and a romantic outdoor as well as indoor seating, 800 DEGREES is really on the map here as the place to be for an authentic Italian experience, from walking over romantic bridges to dining by the river and the hustle-bustle of the city. We look forward to the response of the public visiting the park to our latest branch opening here.” 


Klaus Assmann, Vice President Hospitality and Retail, DXB Entertainments, said, “Dubai Parks and Resorts is a one-stop destination for 365 days of fun, frolic and adventure. Dubai Parks and Resorts is the Middle East’s largest integrated theme park destination, featuring MOTIONGATE™ Dubai, Bollywood Parks™ Dubai and LEGOLAND® Dubai and LEGOLAND® Water Park, as well as Lapita™ Hotel, all opening this year. The entire destination is connected by Riverland™ Dubai, a uniquely themed retail and dining destination at the heart of Dubai Parks and Resorts that is free for all to enjoy. This is a very sought-after location for positioning restaurant chains as not only is the view spectacular, but its centered location attracts large crowds. 800 DEGREES is one such restaurant that is directly linked over the river, and we share a special relationship with the franchise, wishing them success with our synergy in Dubai Parks and Resorts.”

Under the leadership of Manish Jeswani and Master Pizzaiolo Chef Rosario Accaria, 800 DEGREES holds innovation, authenticity and its Italian roots close to its heart and continues to give the region a tour through the rich heritage of Naples and back.