Category Archives: Business & Investments

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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Business & Investments

Response Plus Holding Board of Directors appoints Omran Al Khoori as Chairman

  • Dr Mohamed Monir appointed as Vice-Chairman

Abu Dhabi, United Arab Emirates, October 17, 2024: The Board of Directors of Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the UAE and KSA, has appointed Omran Al Khoori as Chairman.

The appointment was announced after elections were held during the Board meeting at the Group’s headquarters in Abu Dhabi. The Board also announced the appointment of Dr Mohamed Monir Mohamed Yaqoub Hayat Khan as Vice-Chairman.

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Business & Investments

Mostafa Bin Abdullatif Investments Celebrates 100 Years of Excellence with the Return of Chubbsafes Corporate Golf Day

Dubai, United Arab Emirates; 17 October 2024:

Axon Business Systems, a subsidiary of Mostafa Bin Abdullatif Investments (MBAL Group), has announced the return of `Chubbsafes Corporate Golf Day in partnership with Chubbsafes, a brand under Gunnebo Middle East. The highly anticipated event is set to take place on 6th November and will serve as a platform to celebrate MBAL Group’s remarkable 100-year journey of business excellence and growth in the UAE.

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Business & Investments

UAE-France Energy Days: Unlocking Artificial Intelligence and Digitalization to Accelerate a Sustainable Energy Future

Abu Dhabi, 17 October 2024 – The 8thedition of the UAE-France Energy Days, co-organized by Business France and CCI France UAE, was held from October 9-10 in partnership with ADNOC and its subsidiaries. The event featured dynamic discussions and collaboration on how artificial intelligence (AI) and digitalization are enhancing operational efficiency and safety while promoting sustainability in the energy sector. The joint conference brought together industry leaders from France and the UAE to discuss the next generation of energy innovation.

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