Monthly Archives: August 2024

Shopping & Promotions

Epson Partners With Community Group ‘British Mums’

Helping Mothers Gear Up for the Back to School Season

  • Epson collaborates with British Mums for “Back to School Playdate” to nurture young talent and support parents
  • Mums learn about the importance and benefits of having printed materials to support kids’ educational needs
  • EcoTank home range printers come with three-year supply of paper and ink, are available with discounts of up to 35% and include complementary after-school activities, making them the ideal complement for schoolwork
British Mums 1

DUBAI, United Arab Emirates – 26 August 2024 – Epson, the global technology leader, partnered with British Mums to support a “Back to School Playdate” event today at Ready Set Go in Al Quoz, Dubai.

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Health Care

RAK Hospital Hosts Educative Session on Metabolic Syndrome as Part of the RAK Diabetes Challenge 2024

Doctor highlights that 7% reduction in body weight could decrease the risk of developing type 2- diabetes by 58%.

August 28, 2024; Ras Al Khaimah, UAE – Continuing its mission to educate the community on effective diabetes management, RAK Hospital held an insightful webinar titled “Diabetes: A Metabolic Syndrome” as part of the ongoing RAK Diabetes Challenge. This marked the third year of the successful initiative, which aims to empower participants with knowledge and tools to combat diabetes. The session was led by Dr. Hala Youssef Hamdy Abouel Seoud, Specialist Endocrinology & Head of Department at RAK Hospital.

Dr. Hala Youssef Hamdy Abouel Seoud, Specialist Endocrinology & Head of Department at RAK Hospital.

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Featured

UAE’s Innovations Group Expands into Biohazard Waste Management Segment

  • Supporting UAE’s Vision, Innovations Group reinforces its commitment to the country’s sustainable solutions.

28th, August 2024, Dubai, UAE: Innovations Group, the leading staffing and HR solutions provider in the UAE, today announced its expansion into the biohazard and medical waste management segment.

This strategic move aligns with the group’s commitment to offering varied comprehensive services to its customers that address the growing needs of the UAE’s healthcare sector, particularly the critical need for specialized waste management solutions.

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Business & Investments

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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Real Estate

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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