Daily Archives: January 3, 2024

Shopping & Promotions

Emirates NBD Business Banking launches mega ‘Foreign Exchange and Trade’ customer promotion

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Emirates NBD Business Banking launches mega ‘Foreign Exchange and Trade’ customer promotion

  • Grand prize of AED 1 million and total cash awards of AED 3 million for lucky winners
  • Every Foreign Exchange and Trade transaction will give customers a chance to win

Dubai, UAE, 3January2024:Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced the launch of its mega Foreign Exchange and Trade customer promotion, with over AED 3 million prizes on offer.

As part of the promotion that will run until 31 March 2024, 120 Business Banking customers making any trade or foreign exchange transaction across currency conversions and remittances, can win monthly prizes up to AED 10,000 each. In addition, one Business Banking customer stands the chance to win a grand prize of AED 1 million, two customers will win AED 250,000 eachand five winners will receive AED 100,000 each.

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Business & Investments

BinSulaiman Group – OBS, a UAE Family Business, Wins Fastest Growing Company of the Year 2023 Award

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BinSulaiman Group – OBS, a UAE Family Business, Wins Fastest Growing Company of the Year 2023 Award

Dubai, UAE – January 3, 2023: BinSulaiman Group – OBS, a renowned UAE family business founded by Dr. Omar BinSulaiman, has been honored with the prestigious “Fastest Growing Company of the Year 2023” award. This recognition comes as a testament to the company’s exceptional growth, innovative business practices, and commitment to quality.

Dr. Omar BinSulaiman, Founder & Chairman BinSulaiman Group -OBS

BinSulaiman Group – OBS is a privately held, diversified group with operations in the Middle East, UK, and emerging markets with enduring business partnerships. It has expanded into a diverse conglomerate/business group, leading in industries such as Automotive Aftermarket Services & Products, Lifestyle, Luxury Retail, F&B, Real Estate, Global Logistics, Trading, FMCG, Investments, Leisure, Healthcare, & Consulting.

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Real Estate

Largest, one-of-a-kind penthouse in Dubai goes on sale for AED 600 million

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Largest, one-of-a-kind penthouse in Dubai goes on sale for AED 600 million

EPG’s iconicsuper-penthouse spans across 77,707 sq. ftbuilt-up area and comprises top-three levels and rooftop of the prestigious Raffles The Palm Dubai Residences

UAE, January 03, 2024

Emerald Palace Group (EPG), which owns the luxurious Raffles The Palm Dubai, has announced that the Super Penthouse R1, the largest penthouse in Dubai, is up for sale at AED 600 million.

Comprising the top three levels and rooftop of the prestigious Raffles The Palm Dubai Residences, this ultra-luxury super-penthousein Palm Jumeirah is designed in collaboration with Yodezeen, the world-renowned design company.It spans over a total built up area of 77,707 sq. ft, setting a new benchmark for the largest private residence in Dubai’s real estate history.This plushpenthouse is set to redefine the pinnacle of contemporaryliving at one of the most covetedlocations in Dubai,with eight meticulously designed bedrooms, an extravagant 20-people dining table, and a tastefully built bar, alongsidenumerous other upscale amenities. The handover term for this exceptional penthouse is stated to be 15 months from the date of booking.

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Business & Investments

IHC announce the formation of 2PointZero – A Next Generation Holding Company

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IHC announce the formation of 2PointZero – A Next Generation Holding Company

Tahnoon bin Zayed Al Nahyan: “Embracing the future with open arms, with commitment to developing solutions that redefine industries. Our vision transcends boundaries, and our mission is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience.”

  • IHC Board greenlights to initiatethe transfer of 2PointZero to IHC, uniting several dynamic companies under a Pioneering Holding Company.
  • 2PointZero is powered by an ‘Impressive Portfolio’ of industry leaders,creating a Holding Company with assets expected to reach beyond AED 100 billion.
  • 2PointZero embodies innovation across multiple sectors, including Financial Services, Investment Banking, Technology&AI, Mining &Resource Management, and Digital &Crypto Ecosystems.

Abu Dhabi, 2ndJanuary 2024: Today, the globally diversified Abu Dhabi-based conglomerate, International Holding Company (ADX: IHC), announced a landmark move. The IHC Board approved the initiation of the transferof 2PointZero, a next generation Holding Company comprisingseveral diverse and dynamic companies, to IHC. Spanning multiple sectors, business combinations of entities under common control,have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion(transfer will be completed after obtaining all regulatory approvals).

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