Monthly Archives: June 2024

Business & Investments

Armstrong Fluid Technology MEA Marks World Environment Day

As Regional Initiatives Reinforce Company’s Global Commitment to Sustainability

Dubai, UAE – 5 June 2024: Armstrong Fluid Technology MEA marked World Environment Day 2024 with team-building exercises dedicated to cleaning up the local environment.

World Environment Day, which is celebrated annually on June 5, is the United Nations day for encouraging worldwide awareness and action to protect our environment. This year, the Kingdom of Saudi Arabia hosted the global celebrations. Armstrong’s MEA team took part in a litter pick-up around the office site, to promote environmental awareness and demonstrate Armstrong’s ongoing commitment to sustainability.

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Business & Investments

Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and UAE.

Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and the United Arab Emirates to discuss the growth of the real estate sector

DUBAI, UNITED ARAB EMIRATES – The Real Estate Seminar, organized by LIDE EMIRATES, took place on June 4th, 2024 at the Crowne Plaza Dubai Marina and was marked by the presence of renowned leaders in the real estate sector from Brazil and the United Arab Emirates. The event provided a conducive environment for discussions on the growth and opportunities present in the real estate markets of these two countries.

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Business & Investments

Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering

Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering

– First bank capital transaction from the UAE FIG complex in 2024. Transaction marked Mashreq’s successful return to the debt capital markets since their last issuance in 2022

– Record price tightening from IPTs of 65-75bps on the back of a robust orderbook that peaked at US$2.3bn (4.4x oversubscription)

– Transaction achieved the largest price tightening by any UAE bank in the last 5 years for an Additional Tier 1 transaction

– Offering achieved the lowest coupon by any UAE bank in the last 3 years for an Additional Tier 1 transaction

– Mashreq’s tightest ever reset margin (+270.5bps) for any of its bank capital issuances (AT1 and Tier 2), which also marks the tightest spread ever achieved on a conventional US$ AT1 benchmark issuance out of the Middle East

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Business & Investments

Sustainability, Social Responsibility, and Space Reinvention Spotlighted on Opening Day of INDEX

Sustainability, Social Responsibility, and Space Reinvention Spotlighted on Opening Day of INDEX

  • HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Dubai Airports, officially inaugurates INDEX, Workspace, and KIDSPACE 2024

  • The social reinvention of unused workspaces is the next trend to look out for, say experts on opening day of Workspace Summit, which runs June 4-6 at Dubai World Trade Centre
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Hotels & Hosppitality

MONSTERS, SNOW, AND SOCIAL MEDIA: OPENING DAY OF HOTEL SHOW SHINES LIGHT ON HOSPITALITY CHALLENGES

  • Three-day event at Dubai World Trade Centre opens with discussions around industrial reluctance to adopt tech, fears surrounding aggregators, and importance of data collection
  • Co-located Leisure Show introduces concept of ‘banya’ and its health benefits, while highlighting need for multi-sensory experiences and quickening of approval processes

Dubai, UAE – 4 June, 2024: The Hotel Show 2024, the undisputed flagship event for the Middle East’s hospitality sector, opened its doors on Tuesday at Dubai World Trade Centre. Innovators, industry decision-makers, and international experts gathered to discuss the various technological challenges, potential solutions, and possible future-proofing of the hospitality, leisure, and F&B sectors.

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