Monthly Archives: August 2024

Business & Investments

BNI TERRA Sets New Global Benchmark as First Net Zero Chapter in BNI Network,

Celebrates BNI UAE’s Milestone of 1,300 Members

Dubai, UAE – 1st Aug – BNI (Business Network International), the world’s largest networking and referral organization, announces a significant milestone with the introduction of BNI TERRA, the first-ever Net Zero Chapter within its global network. This initiative underscores BNI’s commitment to innovation and tradition.

BNI TERRA, has taken proactive measures to reduce its carbon footprint and lead by example in the business networking community. Recognizing the urgent need for sustainable practices, BNI TERRA has adopted a hybrid meeting model. Physical meetings are held once a month at the LEED-certified Rove Hotels in Expo City Dubai, renowned for its sustainable practices and for the rest of the month the team meets online. In addition to this, the group will proactively organise activities that will ensure the emissions are offset.

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Fashion & Trends

MAX FASHION UNVEILS VIBRANT SUMMER COLLECTION FOR 2024

Explore the new collection featuring free-flowing silhouettes, summer Ikat prints themed clothing

Dubai, UAE, July 30, 2024 —Max Fashion, the region’s leading value fashion brand, is thrilled to announce the launch of its highly anticipated Summer 2024 Collection. This season, Max Fashion brings to life the essence of a summer getaway with styles that are light, bright, and brimming with vibrant energy.

Since its inception in 2004, Max Fashion has grown from a local retailer to a regional powerhouse, boasting over 650 stores across 19 countries. The Summer 2024 Collection by Max Fashion captures the carefree spirit of summer with an array of light and bright styles perfect for the season. From breezy dresses to chic shorts, every piece is designed to keep you cool and stylish under the sun. The collection features free-flowing silhouettes, summer Ikat prints, natural fabrications, a stunning palette of whites, blues and a boho vibe with colourful embroidery, making it the perfect choice for any summer occasion.

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Technologies

SITA REVOLUTIONIZES TRAVELER EXPERIENCE AT SHANGHAI PUDONG INTERNATIONAL AIRPORT WITH STATE-OF-THE-ARTCOMMON USE SELF SERVICE SOLUTIONS

Passengers will enjoy quicker, more autonomous check-ins using SITA’s passenger common use self-service technology.

GENEVA – 30 July 2024–SITA, the leading providerofair transport technology solutions, will be installing its state-of-the-art passenger verificationand check-in solutions to Shanghai Pudong International Airport to greatly enhance the experience of travelers through the airport. Through this partnership,SITA will deploycommon-use self-service bag drops (SBD) and kiosks forPudong Airport’s foreign airlines and their passengers, making the journey through the terminal much easier and efficient.

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Business & Investments

EWEC Receives Four Proposals for the Development of Saadiyat Island RO Desalination Project

Equipped with cutting-edge low-carbon-intensivereverse osmosistechnology, the Saadiyat Island RO plant will be the seventh reverse osmosis water desalination project in EWEC’s portfolio

20240730_EWEC_Sadiyat Island RO Bid Opening_Backdrop_V3

Abu Dhabi, UAE – 30July2024:EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing and supply of water and electricity across the UAE,has announced that it has received four proposals fromAcciona Agua, Engie, GS Inima Environmental and a consortium comprised of FCC Aqualia and OrascomConstruction Industriesfor the development of the Saadiyat Island Reverse Osmosis (RO) Independent Water Project (IWP).

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Business & Investments

Modon Holding PSC Achieves Record Half-Yearly Results After Landmark Acquisition

Abu Dhabi, UAE; 30 July 2024: Modon Holding PSC, formerly Q Holding, has reported exceptional financial performance for the first half of 2024 post its acquisition of Modon Properties and ADNEC.

Modon Holding delivered a revenue of AED 2.2 billion, a year-on-year increase of 333%, and a gross profit of AED 833.2 million, a year-on-year increase of 277%. Modon Holding achieved a net profit of AED 8.74 billion including the provisional bargain purchase gain from the acquisition of Modon Properties and ADNEC. This landmark transaction marks one of the largest acquisitions in the country’s history and sets the stage for Modon Holding’s future of becoming a leading player in the real estate arena.

H.E. Jassem Mohammed Bu Ataba Al Zaabi

Chairman, Modon Holding

Leveraging the expanded scale and range of our business, Modon Holding’s first six months performance begins to show the value proposition of the recent merger. Our focus on building smart cities will further increase liveability and foster vibrant communities in Abu Dhabi and internationally.

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