Monthly Archives: February 2024

Business & Investments

Henkel Explores the Growing Impact of Omnichannel on Gen Z and Gen Alpha at the Retail Leaders Circle MENA Summit

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Henkel Explores the Growing Impact of Omnichannel on Gen Z and Gen Alpha at the Retail Leaders Circle MENA Summit

Riyadh, Saudi Arabia, 20 February 2024 — Henkel showcased its commitment to innovation in the consumer and retail space at the 10th edition of the Retail Leaders Circle (RLC) MENA Summit held in Riyadh. Bassel Elshaboury, Vice President Africa and Head of Marketing High Growth Region, Henkel Consumer Brands, participated in a panel session titled “The Future of Grocery.”

During the discussion, Elshaboury offered valuable insights into the diverse nature of shoppers and the evolving segmentation in the GCC concerning shopping habits. He shed light on the rising influence of Omnichannel, its impact on generations such as Gen Z and Gen Alpha, and emphasized the pivotal role that brands will play in shaping the digital landscape of tomorrow’s retail space.

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Business & Investments

Gulf Oil International announces partnership with OTO in Pakistan market

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Gulf Oil International announces partnership with OTO in Pakistan market

London, United Kingdom, February 20, 2024:

Gulf Oil International Limited (Gulf), a global leader in providing a comprehensive range of high-performance lubricants and related products across a diverse range of market segments for more than a century, has partnered with OTO Pakistan (Private) Limited (OTO) in the Pakistan market.

OTO is a conglomerate in retail fuel stations and independent chain of convenient stores, and It will be a brand license partner for the marketing, distribution and sale of Gulf lubricants and fluid products in the market. OTO’s extensive network promises to further Gulf’s expansion in this strategic market, fostering long-term, sustainable growth for its comprehensive portfolio.

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Business & Investments

H.H. Sheikh Ali Rashed Ali saeed Al Maktoum officially inaugurated KALLADA FOOD INDUSTRIES

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Dubai, UAE – In a grand ceremony, H.H. Sheikh Ali Rashed Ali saeed Al Maktoum officially inaugurated KALLADA FOOD INDUSTRIES, a pioneering addition to Dubai’s food processing landscape, situated in the dynamic Dubai Investment Park 2 (DIP-2). This new, cutting-edge facility, sprawling over 70,000 square feet and valued at 100 million, marks a significant milestone in the region’s food sector.

Official inauguration of KALLADA FOOD INDUSTRIES

At the helm of this venture is Mr. Ayoub Kallada, the Managing Director of the group, whose profound passion and extensive three-decade experience in the food industry have been instrumental in shaping the vision for KALLADA FOOD INDUSTRIES. Mr. Kallada, who founded BETTERGROW GENERAL TRD LLC (originally NAZEEM AHMED GENERAL TRADING LLC) in 2008, has been a key figure in transforming the company into a leading wholesaler and distributor of dried fruits and nuts across the Middle East and North Africa (MENA) Region, with its headquarters in Dubai.

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Business & Investments

شركة بن غاطي القابضة تستعد لإطلاق صكوك بالدولار الأمريكي لأول مرة في تاريخها

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شركة بن غاطي القابضة تستعد لإطلاق صكوك بالدولار الأمريكي لأول مرة في تاريخها

دبي، الإمارات العربية المتحدة;  20 فبراير :2024 أعلنت بن غاطي للتطوير، الشركة الرائدة في مجال العقارات في دبي وإحدى شركات التطوير العقاري الأكثر حيوية وشعبية في الإمارات العربية المتحدة، عن استعدادها لإطلاق أول صكوك لها بالدولار الأمريكي خلال الأيام المقبلة، في حال توفرت ظروف السوق المواتية لذلك. ويأتي هذا الإنجاز المالي الملموس في إطار استراتيجية الشركة الرامية لتنويع مصادر تمويلها.

 ووقع اختيار بن غاطي على كل من بنك الإمارات دبي الوطني، وبنك دبي الإسلامي، ومصرف أبوظبي الإسلامي، وبنك إتش إس بي سي، وبنك المشرق، وبنك الشارقة الإسلامي، وبنك رأس الخيمة الوطني لتولّي مسؤوليات إدارة العملاء المحتملين وعملية الاكتتاب خلال الصفقة الأولى من نوعها للشركة في أسواق رأس مال الدين.

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Business & Investments

Binghatti Holding Set to Launch Debut US Dollar Sukuk

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Binghatti Holding Set to Launch Debut US Dollar Sukuk

Dubai, UAE – (date) – Binghatti, a leading Emirati property development company headquartered in Dubai, is preparing to undertake a significant financial milestone with the launch of its inaugural US Dollar Sukuk in the coming days, subject to market condition. This will highlight the company’s strategic move towards diversifying its funding base.

Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank, HSBC, Mashreq, Sharjah Islamic Bank, and RAKBANK have been appointed as Joint Lead Managers and bookrunners on the contemplated inaugural debt capital markets transaction.

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