Economist Impact’s 4th Global Trade and Supply Chain Summit

Economist Impact’s 4th Global Trade and Supply Chain Summit

How can trade recover amid uncertainty?

[Dubai,October 8-9, 2024] The landscape of international commerce and logistics is evolving rapidly, driven by challenges such as protectionism, global conflict and the rising need for sustainable operations. However, with these concerns beget opportunities, ranging from new technologies,  and emerging growth markets, to innovative supply-chain and procurement models.

To address these issues and explore future strategies, the Global Trade and Supply Chain Summit will gather 500 industry leaders in Dubai. Supported by The Executive Office of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, this summit will provide a platform to navigate the complexities of the current trade environment and promote efficient, resilient and future-proof supply chains.

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EMIRATES REIT REPORTS 19% YEAR ON YEAR INCREASE IN H1 2024 OPERATING PROFIT

Key Highlights for H1 2024

  • Total property income posted year-on-year growth of 12% to USD 40m in H1 2024, driven by:

– Higher occupancy (90.5%)

– Higher lease rates (+10%)

  • Property operating expenses declined 3% year-on-year
  • Operating profit increased by 19% year-on-year to reach USD 25m, up from USD 21m in H1 2023
  • Rising Sukuk costs continued to negatively impact the REIT’s performance
  • Funds From Operations (“FFO”) improved whilst remaining negative at USD 1.5m for H1 2024 (H1 2023: negative USD 3.6m)
  • NAV per share grew by 34% year-on-year to USD 1.76, which is an all-time high
  • Finance To Value decreased year-on-year 6 p.p. to 40%, its lowest level since 2016
  • Value of Investment Properties increased by 18% year-on-year, with total assets reaching USD 1.1bn
Thierry Delvaux - Equitativa

Dubai, United Arab Emirates. 27 August 2024 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported financial results for the half year ended June 30, 2024, for Emirates REIT.

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Canadian University Dubai showcases Emirati Women leading the way in sustainability

Professor and graduate underline role of female changemakers in achieving 2031 vision

28th August 2024, Dubai, UAE: As the UAE marks Emirati Women’s Day, Canadian University Dubai (CUD) Associate Professor, Dr. Naseem Abdulla, and Environmental Health Management graduate, Maisa Alzayyani, exemplify the crucial role that females in the public sector have to play in achieving the vision ‘We the UAE 2031’. As Acting CEO of EHS and Director of the Health & Safety Department at Dubai Municipality, Dr. Abdulla is inspiring emerging women leaders like Alzayyani, as they work cohesively to enhance the public health of the city and build a sustainable future inspired by the national vision.

Dr. Naseem Abdulla, Associate Professor, Canadian University Dubai (CUD) and Director of the Health and Safety Department at Dubai Municipality, Acting CEO of Emirates Health Services

With a career spanning over 17 years at Dubai Municipality, Dr. Abdulla recognizes the importance of integrating academic insights into practical applications within the public sector. An influential figure in both government and academia within the UAE ecosystem, Dr. Abdulla says this synergy has been instrumental in her current roles, as a department director and Acting CEO of the EHS Agency. She explains, “My experience as an Associate Professor at CUD has been invaluable in shaping my approach to public service and leadership, equipping me with the skills and perspectives necessary to drive positive change in our communities.  Through academia, I’ve sharpened my critical thinking and research abilities. Publishing in scientific journals has allowed me to contribute to the field’s knowledge base while also informing my own decision-making in practice.”

Maisa Alzayyani, Environmental Health Management graduate, Candian University Dubai

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Global CBPR Forum Endorses DIFC for Recognition as an Associate Member

  • DIFC first in the region to advance position on data protection, regulations, and governance within the Global Forum Assembly (GFA)
  • In 2022, DIFC Commissioner recognised Cross Border Privacy Rules (CBPR) as an adequate mechanism for free flow of data with trust
  • As an Associate in the Global CBPR Forum (the Forum), DIFC and the GFA leadership look to further opportunities for regulatory cooperation
  • GFA’s recognition reinforces DIFC’s regionally pioneering position on data protection, regulations, and governance

Dubai, United Arab Emirates; 27 August 2024: Dubai International Financial Centre (DIFC), the leading global financial centre for the Middle East, Africa, and South Asia (MEASA) region, has been recognised by the GFA as an Associate Member.

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