Daily Archives: November 6, 2024

Business & Investments

H. E. Sunjay Sudhir, Ambassador of India to UAE will inaugurate the 2nd Brands of India on 12th November 2024 in Dubai

  • Apparel exports from India in the first six months of the current financial year has registered an 8.5 per cent increase compared to a 15 per cent decline in the same period last year
  • Brands of India is being held at a time when overseas buyers are considering to move 10-15 per cent of their orders from Bangladesh to India, potentially adding $300-400 Mn in monthly business for India

Date: Dubai, UAE; November 5, 2024

The Clothing Manufacturers Association of India (CMAI) with support from Ministry of Textiles, Government of India, Embassy of India in UAE, Apparel Export Promotion Council (AEPC), Noida Apparel Export Cluster (NAEC), TEXMAS (Dubai) and Readymade Garments Merchants Group (Dubai) will be hosting the 2nd edition of ‘Brands of India’ from 12 to 14 November 2024 at Za’abeel Hall 4, Dubai World Trade Centre, UAE.

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Business & Investments

IHC Announces Strong Nine-Month YTD 2024 Results with 49.4% Revenue Growth to AED 64.0 Billion and AED 18.0 Billion Profit After Tax

Syed Basar Shueb: “With strong momentum heading into the fourth quarter, we are positioned to capitalize on further opportunities while remaining focused on operational excellence and long-term value creation. I am confident that this trajectory will continue to reinforce IHC’s commitment to delivering enhanced shareholder value.”

  • Revenue for nine-month YTD 2024 reached AED 64.0 billion, reflecting a substantial 49.4% year-on-year growth.
  • Profit After Tax for the period increased by 18.3%, totaling AED 18.0 billion
  • Total assets expanded to AED 382.9 billion, a 44.9% increase since December 2023, supported by strategic investments and strong asset growth.
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Sharjah International Book Fair

Sharjah Ruler witnesses the launch of Mleiha: Ancient Treasures of the UAE , a Shurooq-Assouline Publishing collaboration

At the 43rd Sharjah International Book Fair, His Highness signs the first copy which recounts the 200,000 year-old history of the Meliha region in a detailed & luxuriously crafted coffee table book

  • Sheikha Bodour: This book offers a window into the values and heritage that shape our identity in Sharjah and the UAE.

Sharjah, November 6, 2024

His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, marked a significant moment for UAE heritage with the unveiling of Mleiha: Ancient Treasures of the UAE, a landmark publication produced by the Sharjah Investment and Development Authority (Shurooq) in collaboration with Assouline Publishing. Attending the launch was Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Shurooq. His Highness commemorated the occasion by signing a special edition of the book, a gesture reflecting his enduring commitment to preserving and celebrating the UAE’s cultural heritage.

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Sports & Recreations

Baseball United Announces Completion of New Dubai Ballpark and Several Historic Milestones

The new Baseball United Ballpark at The Sevens will be showcased beginning this week with the Arab Classic International Baseball Tournament running from November 7th – 10th in Dubai

DUBAI, UAE (November 6, 2024) – Baseball United, the first professional baseball league focused on the Middle East and South Asia, announced today the completion of Baseball United Ballpark, the first professional baseball field in the history of the region. The field, completed in just 38 days by Baseball United and their construction partners, will debut to the public beginning this week with the Arab Classic Tournament. Nine nations from the GCC and Subcontinent will participate in the largest and most competitive international baseball tournament in the region’s history.

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Life Style & Leisure

EVIQE DIAMONDS UNVEILS A NEW ERA OF LUXURY IN DUBAI,

REVOLUTIONIZING THE WORLD OF LAB-GROWN DIAMONDS

Dubai, UAE; 4th November 2024 – Under the patronage of H.H Sheikh Jumaa bin Maktoum Al Maktoum, in the heart of Dubai, a city celebrated for its blend of tradition and innovation, Eviqe Diamonds proudly launches an exclusive new brand that redefines luxury in the diamond industry.

At a landmark event held at the luxurious DMCC Tower Dubai, Eviqe Diamonds introduced a visionary approach to lab-grown diamonds, setting a fresh standard in sustainability, excellence, and craftsmanship. This launch marks Dubai as a new epicenter for luxury diamonds, perfectly blending ethical sourcing with state-of-the-art technology.

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