24 French Asset Management Firms With $1.6 Trillion AUM Convene for Second UAE – France Investor Meetup
Organized by ADGM and the French Ministry of Economy, Finance and Industrial and Digital Sovereignty.
Four major French asset management firms—Ardian, BNP Paribas, Tikehau Capital, and Eiffel Investment Group have offices in ADGM as part of their strategy to expand their global footprint.
Aimed at reinforcing investment ties between the two nations, forging strategic alliances, identifying new opportunities, and driving mutual economic growth.
To promote a knowledge-based economy across the Middle East
Centena Group strengthens its presence and expands its educational eCommerce platform ‘AtlabShoponline’ to KSA
Atlab will offer teachers and students access to exceptional educational resources, including artificial intelligence (AI), STEAM, coding, robotics, and sustainability
May 23, 2024: Centena Group, a UAE-based multinational conglomerate and leading player in the field of science, engineering, education, and technology solutions, unveiled its innovative educational eCommerce platform – ‘AtlabShoponline’ – in the Kingdom of Saudi Arabia (KSA), further solidifying its robust presence in the Middle East.
Alpen Capital Report highlights investment opportunities amid strengthening investment ties between GCC and India
Dubai – May 23, 2024: The UAE-based investment banking advisory firm, Alpen Capital, announced the publication of its research report titled “GCC-India Corridor – Investment Opportunities”. This report provides an analysis of the investment flows between the GCC and India. It assesses the competitiveness of both regions and identifies key sectors for potential cooperation and investment. Additionally, the report examines the investment drivers and challenges within both regions. Furthermore, it profiles prominent Indian companies which have invested in the GCC and vice versa. The report also includes profiles of the sovereign wealth funds (SWFs) of the GCC.
Hong Kong is a gateway between Middle East and China, says Secretary for Justice
Dubai – May 23, 2024: Hong Kong (HK) has very often been described as a ‘super connector’ and a ‘super value-adder’ between China and countries outside China, says Mr. Paul Lam Ting-kwok, Secretary for Justice of the Hong Kong Special Administrative Region, highlighting HK’s comprehensive professional legal services and its strengths in the rule of law.
Al Ghurair Motors signs dealership agreement with European manufacturer TAM-Europe for electric commercial vehicles
The partnership signifies Al Ghurair Motors’ commitment to supporting the UAE’s ambitious target of achieving net-zero emissions by 2050.
By introducing TAM-Europe’s electric vehicles, the agreement paves the way for a greener transportation sector within the UAE.
Abu Dhabi; 23 May 2024: Al Ghurair Motors, the automotive arm of Al Ghurair, one of the leading diversified UAE family businesses, has announced a strategic partnership with TAM-Europe, a renowned commercial vehicle manufacturer based in Maribor, Slovenia. Under the agreement, Al Ghurair Motors becomes the exclusive dealer for TAM-Europe all electric vehicles across the UAE.
The announcement was made at the Electric Vehicle Innovation Summit in Abu Dhabi National Exhibition Centre (ADNEC), a platform showcasing cutting-edge electric vehicle technologies from around the world. The signing ceremony for this milestone Memorandum of Understanding (MoU) was attended by John Iossifidis, GCEO at Al Ghurair, and Yusef Ma, CEO at TAM-Europe, along with other senior representatives from both companies. A highlight of the event was the electric delivery van Model T600 displayed at the booth, which drew high interest from various leading logistics companies from around the world.
The integration of electric vehicles in urban mobility systems plays an important role in achieving the UAE’s net zero goal by 2050[1]. A significant contributor to global greenhouse gas emissions, the electrification of the transport sector is critical to reducing overall carbon intensity.
Commenting on the announcement, John Iossifidis, GCEO, Al Ghurair said: “At Al Ghurair we take pride in contributing to cities of the future across the industries we operate in. In the automotive sector, we actively seek innovative solutions and technologies that disrupt the status quo and create lasting value for our customers. This partnership exemplifies our commitment to supporting the UAE’s long-term vision for safe, smart, and sustainable urban mobility solutions. We look forward to collaborating closely with TAM-Europe to turn this vision into reality.”
Yusef Ma, CEO, TAM-Europe, adds: “TAM-Europe is a leader in sustainable transportation solutions. Our eco-friendly vehicles are specifically designed to endure the UAE’s demanding climate, ensuring optimal performance without compromise. This partnership allows us to contribute directly to the UAE’s ambitious sustainability goals. We’re excited to join forces with Al Ghurair Motors and be a part of the nation’s journey towards a cleaner, greener future.”
As a leading manufacturer of high-quality buses and coaches, TAM-Europe serves three key market segments including airport buses, public transport, Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs). The company’s VivAir airport buses segment boasts of a 40% market share globally, excluding China[2].
UAE News 24/7 