Monthly Archives: January 2024

Business & Investments

Noatum Successfully Completes the Acquisition of Sesé Auto Logistics

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Noatum Successfully Completes the Acquisition of Sesé Auto Logistics

Closing of the transaction marks Noatum’s strategic leap in the European automotive logistics industry

Madrid, Spain/ Abu Dhabi, UAE – 31 January, 2024: AD Ports Group (ADX: ADPORTS), one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum, which leads its Logistics Cluster operations, successfully closed the acquisition of 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value – EV) of EUR 81 million. The acquisition, which was approved by all relevant European regulators and closed today, solidifies Noatum’s commitment to providing comprehensive solutions across the entire logistics value chain in the automotive industry.

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Entertainment & Celebrity

MoreShow Hosts Enchanting Underwater Spectacle at IKRA

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MoreShow Hosts Enchanting Underwater Spectacle at IKRA

Children’s parties, is here to take the Dubai market by storm with its innovation and creativity

Dubai, UAE (31st, January 2024): MoreShow, the world-renowned agency known for transforming events into unforgettable experiences, hosted an enchanted launch event titled “Enchanting Underwater Spectacle” on Friday, January 19th, from 5pm to 8pm at IKRA Caviar on the picturesque Bluewaters Island. The event, featuring a mesmerising blue and gold colour theme, invited guests to “discover the journey to your pearl.”  

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Health Care

Cancer Run, presented by Cleveland Clinic Abu Dhabi, set to kick off on February 4 to mark World Cancer Day

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Cancer Run, presented by Cleveland Clinic Abu Dhabi, set to kick off on February 4 to mark World Cancer Day

  • Held at Al Maryah Island, the community run is dedicated to cancer awareness

Abu Dhabi, United Arab Emirates. January 31, 2024: Cancer Run, presented by Cleveland Clinic Abu Dhabi, part of the M42 network, will take place at Al Maryah Island, from 6-10 a.m. on February 4, 2024. With the event being open to the community, participants of different ages are encouraged to join the cause and run in support of families and friends. The annual event aims to raise awareness about various types of cancer risk, and highlight the importance of healthy lifestyle choices for cancer prevention and management.

Contestants will have the option to participate in three run categories, encompassing distances of 1-3 km, 5km, and 10km. Cash prizes will be awarded to the top three finishers in the 5km and 10km runs. The first place winner in the 5km run will receive AED 2,000, the second place winner will receive AED 1,500, and the third place winner will receive AED 1,000. Similarly, the top three finishers in the 10km run will be awarded AED 3,000, AED 2,000, and AED 1,000, respectively.

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Travel & Tourism

Carlos Díez de la Lastra, CEO of Les Roches, once again positioned as one of the 150 most influential professionals in tourism in Spain

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Carlos Díez de la Lastra, CEO of Les Roches, once again positioned as one of the 150 most influential professionals in tourism in Spain

  • The CEO of Les Roches, who has positioned the institution as one of the top four schools for hotel management and training in the world, continues to expand the brand into new markets such as Abu Dhabi, China, and India.
  • Recently, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has established a hospitality education academy to be managed and guided under the stewardship of Les Roches in Abu Dhabi, which will open in September 2024.

Dubai – Sergestur (Servicios de Gestión Turística/ Tourism Management Services), the tourism consulting firm, has published the fifth edition of its list of the 150 most influential figures in the sector in Spain during Fitur 2024. Once again, Carlos Díez de la Lastra, Global CEO of Les Roches, one of the top four specialized schools in hospitality and luxury tourism education worldwide, is featured for the fifth consecutive year.

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Business & Investments

GCC Insurance Industry poised for accelerated growth in the next five years, forecasts Alpen Capital

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GCC Insurance Industry poised for accelerated growth in the next five years, forecasts Alpen Capital

DUBAI – January 31st, 2024: UAE-based investment banking advisory firm, Alpen Capital projects the gross written premium (GWP) of the region to grow at a CAGR of 5.3% reaching US$ 44.4 billion by 2028, in its latest GCC Insurance Industry report. The non-life insurance segment is anticipated to grow at a CAGR of 5.4% between 2023 and 2028 reaching US$ 39.6 billion, comprising 89.2% of the region’s GWP by 2028.

The report provides a comprehensive overview of the GCC insurance sector, outlining recent trends, growth drivers and challenges. It also profiles select insurance companies in the region.

The report was launched over a webinar followed by a panel discussion featuring Fareed Lutfi, Secretary General, Emirates Insurance Association and Gulf Insurance Federation; Sunil Kohli, Chief Executive Officer, Dhofar Insurance Co.; and Krishna Dhanak, Managing Director, Alpen Capital. Hameed Noor Mohamed, Managing Director, Alpen Capital moderated the discussion.

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