Category Archives: Business & Investments

Business & Investments

Bodour Al Qasimi launches ‘MCM Student-Run Agency’ at Sheraa’s AUS Hub empowering next-gen of entrepreneurs

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A collaborative effort between American University of Sharjah, Sharjah Entrepreneurship Center and NNC, the agency will provide professional training and real-world experience for students

  • The agency provides students with practical experience in advertising, public relations, marketing, and communications, forming a bridge between academia and industry.
  • Event highlighted long-standing partnership between Sheraa and AUS and their many collaborative initiatives and upskilling programs.
  • Top ‘Startup Dojo+’ teams announced offering funding and incubation opportunities to nurture innovation and entrepreneurial excellence in students and alumni.
Continue reading Bodour Al Qasimi launches ‘MCM Student-Run Agency’ at Sheraa’s AUS Hub empowering next-gen of entrepreneurs →
Business & Investments

CEO Clubs Lunch Meeting Sparks Investment Opportunities

Dubai, September 5, 2024 — The CEO Clubs Lunch Meeting, held at the Metropolitan Hotel on September 5, 2024, brought together over 50 esteemed members, VIPs, and guests, creating a dynamic platform for pitching, investment opportunities, and high-level networking.

The event was graced by distinguished figures such as UAE’s Former Minister for Environment & Water, His Excellency Dr. Mohammed Saeed Al Kindi, and the Vice President of the Maldives, Mr. Ahmed Adeeb Abdul Ghafoor. Both dignitaries extended an exclusive invitation to all attendees for the 7th Edition Burj CEO Awards 2024, set to take place in Istanbul, Turkey, October 22-26 this year.

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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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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.

Continue reading NMDC Group’s IPO of NMDC Energy closes 31.3 times oversubscribed, generating total gross demand of AED 88 billion →
Business & Investments

Alshaya Group announces strategic partnership to explore bringing Primark to the Middle East

Alshaya Group announces strategic partnership to explore bringing Primark to the Middle East

Kuwait, 5 September 2024: Leading international retail franchise operator Alshaya Group has today announced a strategic partnership with international fashion retailer Primark to explore opportunities to bring its stores to the Middle East.

John Hadden, CEO, Alshaya Group said: “We are incredibly proud to partner with Primark to discuss potential opportunities to bring their stores to the region. For many years, shoppers across the region have asked for Primark and we are looking forward to the start of a successful partnership to help bring their exceptional in-store experience to the GCC.”

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