Category Archives: Business & Investments

Business & Investments

Joyalukkas proudly opens its second showroom in Bahrain, now the largest jewellery destination in the country.

Manama, Bahrain – 2024: As part of its global expansion, Joyalukkas, the world’s favourite jeweller, unveiled its largest showroom in the Kingdom with a grand opening on 17thOctober.

Capturing Joyful Moments at Bahrain’s Largest Jewellery Destination – Joyalukkas’ Grand Opening at Manama Center!

This momentous occasion was attended by esteemed dignitaries, including the Chief Guest, Her Excellency Fatima Jaafar Al-Sairafi, Minister of Tourism, Kingdom of Bahrain and Mr. John Paul Alukkas, Managing Director of Joyalukkas Group. A true celebration of luxury and timeless tradition.

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Business & Investments

ITE Group, Leading B2B Exhibition Organiser, Highlights Multibillion-Dollar Business Opportunities for BRICS+ Nations in the Russian Market

  • Industry Growth in Russia Projected to Surge by 30% in the Next 5 Years
    – Expanded Market to Generate Over $250 Billion in Building, Design, and Construction Sectors

18 October 2024, Dubai: ITE Group, the premier B2B exhibition organiser in Russia and the Commonwealth of Independent States (CIS), is forecasting a surge in business opportunities for BRICS+ nations, with industry growth in Russia projected to increase by over 30% by 2030. This rapid expansion is expected to generate more than $250 billion across key building, design, and construction sectors.

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Business & Investments

A Truly Inclusive Approach to Financing with the Launch of Dubai Islamic Bank’s ACCESS Auto Finance for People of Determination

The new offering opens doors to enhanced mobility for People of Determination across the UAE

Dubai – October 18, 2024: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced the launch of ACCESS Auto Finance, a bespoke financing solution specifically tailor-made for People of Determination.

This innovative offering is a beacon of DIB’s relentless drive towards inclusivity and innovation, offering unprecedented ease of access and autonomy in mobility for all its customers. This facility marks a significant milestone in the Islamic banking giant’s ESG strategy wherein “Inclusivity” is not a mere word but an important ingredient in the organisation’s ambitious agenda to be a leader in this space.

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Business & Investments

Al Seer Marine Secures USD 80 Million Financing from BOCOM Leasing for MR Tankers Betelgeuse and Bellatrix

  • This agreement marks the first collaboration between Al Seer Marine and BOCOM Leasing, establishing a new partnership in the maritime industry.
  • This financing is a milestone for Al Seer Marine, as it secures its first funding from outside the UAE. It empowers the company to expand its operations and invest in modern, eco-friendly vessels, strengthening its position within the global maritime landscape.

Abu Dhabi, 16 October, 2024: Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a subsidiary of International Holding Company (ADX: IHC), is pleased to announce that it has secured USD 80 million in financing from BOCOM Financial Leasing Co., Ltd (BOCOM Leasing), a subsidiary of the Bank of Communications, one of China’s largest commercial banks, for its newly delivered MR tankers, Betelgeuse and Bellatrix. This transaction represents the first financing that Al Seer Marine has secured for its shipping fleet from outside the UAE.

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