Daily Archives: September 6, 2024

Education

Glinks students secure US$5.5 million scholarships at globally reputed universities

Experts advise prospective students to meticulously treat applications for higher chances of acceptance in renowned institutions

Date: Dubai, UAE; September 6, 2024

Glinks International, the leading end-to-end education consultancy in the GCC region, announced that its students were awarded US$5.5 million worth of scholarships from renowned international universities. Offering an extensive range of services that takes care of its students holistically, Glinks stands as a premier in empowering ambitious students to enrol into their dream educational institutions.

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Business & Investments

Emirates Steel Arkan rebrands as EMSTEEL to drive operational evolution and global growth

  • EMSTEEL Group consists of two business divisions: Emirates Steel and Emirates Cement
  • Group contributes to 11% of Abu Dhabi’s manufacturing activity output
  • Strategic advancement will enable EMSTEEL to lead sustainable industrial transformation

Abu Dhabi, UAE: 5 September 2024: Emirates Steel Arkan, the UAE’s largest publicly listed steel and building materials company, has rebranded as EMSTEEL (ADX: EMSTEEL) as part of a broader strategy to accelerate its operational transformation and extend its global presence. The new brand identity and operating model were officially launched at an event in Abu Dhabi attended by high-ranking dignitaries and over 400 customers, partners and employees.

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Health Care

Pfizer Appoints Elif Aral as Regional President for the Middle East, Russia & Africa

DUBAI, UNITED ARAB EMIRATES, 5 September 2024 — Pfizer announces the appointment of Elif Aral as Regional President for Middle East, Russia, and Africa (MERA) effective September 2024 to spearhead operations in the region and bring scientific breakthroughs in vaccines, oncology, rare diseases, internal medicine, hospitals, and inflammation and immunology.

In her new role, in addition to overseeing all therapeutic areas within the MERA region, Elif will drive strategic initiatives aimed at improving healthcare access and equity, working closely with regional partners and governments to ensure Pfizer’s leading portfolio and breakthroughs reach those who need them.

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Business & Investments

NMDC Group’s IPO of NMDC Energy closes 31.3 times oversubscribed, generating total gross demand of AED 88 billion

  • Retail tranche oversubscribed 600 times, Professional tranche 16.7 times
  • ADX trading due to commence on Wednesday, 11 September 2024

Abu Dhabi, UAE: 5 September 2024 – NMDC Group, a leader in engineering, procurement, construction, and marine dredging, today announces the successful closing of the Initial Public Offering (“IPO” or “Offering”) of NMDC Energy, which was oversubscribed by 31.3 excluding cornerstone. The offering attracted exceptional investor interest, generating total gross demand of AED 88 billion.

The offering of 1.15 billion shares in NMDC Energy, representing 23% of the total share capital, was made available to eligible investors at AED 2.8 per share. The IPO saw outstanding demand across all segments, becoming oversubscribed within hours of its launch on 30 August 2024. At the close of the subscription period, the Retail tranche was oversubscribed 600 times, and the Professional tranche by 16.7 times. The offering will generate AED 3.22 billion for NMDC Group.

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Technologies

HONOR Unfolds a Future with HONOR Magic V3 at IFA 2024

HONOR Unfolds a Future with Possibilities with the Record-breaking HONOR Magic V3 at IFA 2024

UAE consumers get their hands on the world’s thinnest and lightest AI foldable smartphone – the HONOR Magic V3, and the new HONOR MagicPad 2 on the very same day as its global debut.

[BERLIN, Germany – September 6, 2024] – Global technology brand HONOR today announced its groundbreaking AI-enabled hardware capabilities and a collaborative AI privacy protection architecture, showcasing its commitment to innovative empowerment in an AI-driven world, at IFA 2024. The event also saw the debut of HONOR’s latest AI-empowered flagship devices, including the HONOR Magic V3, the world’s slimmest inward foldable smartphone, as well as the sleek and artistic laptop HONOR MagicBook Art 14, and the cutting-edge innovative digital canvas HONOR MagicPad 2, and a stylish health tracker HONOR Watch 5.

“AI is fundamentally reshaping our industry, enriching and creating new experiences that improves creativity and productivity for consumers all around the world, every day,” said George Zhao, CEO of HONOR. “Our role as a smart device provider gives us incredible access to consumers. Combined with our expertise in devices, it informs our AI roadmap, allowing us to create personal, intuitive, and more secure AI experiences that best meet their needs. Through all our new flagship devices, we hope to deliver human-centric AI experiences that consumers will find truly magical.”

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