Longer debt maturities at low margin positions the Group to benefit from declining interest rates
Lower spreads will yield up to AED 44 million in savings over the next 12 months
Abu Dhabi, UAE – 20 September 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), has signed agreements with two UAE banks to refinance its syndicated loan of USD 2.25 billion at more favourable terms, which would enable the Group to save up to AED 44 million (USD 12 million) in finance costs over the next 12 months.
Duna Energy Systems set to launch new proof-of-concept prototype at inaugural summit this December in Dubai.
Dubai-UAE, 17 SEPTEMBER 2024 –UAE-based energy provider, Duna Energy Systems has today joined the Sport Impact Summit team as Principal Partner; Duna is joining the team to work together to create a more sustainable, healthier world for the future— aligning with the UAE government’s commitment to sustainability and innovation.
Through this partnership, Sport Impact Summit and Duna Energy Systems hope to advance a shared vision of a sustainable future.
Dubai, September 19, 2024 — CEO Clubs Network hosted a highly engaging Round Table Meeting at their Dubai office, featuring the esteemed guest, Ms. Lady Ana Bela Resende, President of Portugal Fine Arts – ACIPA – Cultural Association, and awardee of the 6th Edition Burj CEO Awards for “Best Art & Culture of the Year.”
Ms. Lady Ana, known for her contributions to art and culture, is exploring new horizons in the food market in Dubai. During the meeting, she showcased authentic Portuguese delicacies including cheese, olive oil, cookies, bread, and vinegar, all of the highest quality and free from adulteration. CEO Clubs Members and Guests including Whizionary, ArchiVisaro Group, Nadiraa Couture ,Hothur Ispat, EnergyBuild Solutions, The Open World had the unique opportunity to sample these products, sparking serious interest in potential export and import collaborations.
The round table discussion focused on exploring avenues for bringing these products to markets in countries like Kenya, Oman, and the UAE. The Q&A session revealed significant opportunities for cross-border partnerships in the food sector, addressing key concerns such as product safety during international trade.
Ms. Sarah Dong, Managing Partner of CEO Clubs Network, praised the active involvement of the CEO Clubs Youth Chapter in events like this, which continue to strengthen the network’s global connections. And also concluded the event by stating “Today we explored exciting collaborations in the food sector and Ms. Ana’s passion for authentic Portuguese delicacies paves the way for new cross-border partnerships that can enrich our culinary landscape.”
This successful event not only highlighted Portugal’s rich cultural heritage but also created exciting possibilities for future collaborations in the food sector. The CEO Clubs provided a platform for industry leaders to explore synergies, potentially paving the way for new business ventures.
About CEO Clubs Network
CEO Clubs Network is a premier business networking organization that connects CEOs, C-level executives, and entrepreneurs globally, fostering an environment of collaboration and growth. With a vast membership spanning diverse industries, the network offers unparalleled opportunities through a variety of events, meetings, and forums. One of its hallmark events is the Burj CEO Awards, a prestigious global award ceremony that recognizes and celebrates outstanding leaders and organizations for their exceptional contributions to the business world. This year, the Burj CEO Awards will take place in Istanbul, Turkey, from October 22-26, 2024, highlighting excellence in leadership, innovation, and corporate social responsibility, and further solidifying CEO Clubs Network’s commitment to promoting and acknowledging business excellence worldwide.
New group to promote `Made in UAE’ products, spearhead advocacy for fair play and steer new market forays
US$2 billion estimated market size of UAE corrugated board packaging and tissue
Dubai, September 19, 2024: A first ever new business group for paper and tissue industry in the UAE – DuPAT- under the umbrella of Dubai Chamber of Commerce and Industry (DCCI) was officially launched today to promote `Made in UAE’ products locally and globally.
The new exclusive group will seek to promote the UAE’s US$2 billion corrugated board packaging, including tissue paper industry, to notch up new growth milestones while enhancing the `Made in UAE’ brand equity across markets.
Annual Sustainability Report shares Group ESG performance with stakeholders
Reduced environmental impact of operations through efficiency gains, energy savings, decarbonisation efforts
Abu Dhabi, UAE – 19 September 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), announced today the release of its 2023 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, demonstrating its proactive and forward-thinking approach to addressing global sustainability challenges.
The report reflects AD Ports Group commitment, as a listed entity on the Abu Dhabi Securities Exchange, to sharing performance with stakeholders and transparency in operations. As a key player in the maritime, industrial, and logistics sectors, the Group’s initiatives align with UN Sustainable Development Goals (SDGs) and sustainability objectives set by Abu Dhabi and the UAE.
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