Category Archives: Business & Investments

Business & Investments

Al Yamuna Densons invests AED 35 million in its facility expansion in Ras Al Khaimah

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Al Yamuna Densons invests AED 35 million in its facility expansion in Ras Al Khaimah

Ras Al Khaimah, 21 March 2024: A leading Indian manufacturer of power cable joining kits, Al Yamuna Densons is expanding its facility in Ras Al Khaimah with an investment of AED 35 million to boost its regional operations. The construction in the Al Hamra Industrial Zone is set to be completed by May, taking the total area to 15,000 m2 and annual production capacity to half a million kits.

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Business & Investments

“Ports, Customs and Free Zone” organizes the Annual Ramadan Gathering

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Nasser Al Neyadi: A happy work environment increases levels of efficiency and productivity

“Ports, Customs and Free Zone” organizes the Annual Ramadan Gathering

Under the patronage of H.E. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation (PCFC), the Corporation hosted the annual Ramadan gathering at the suhoor table on the Queen Elizabeth II (QE2) ship in Dubai. This initiative reflects the Corporation’s commitment to fostering a positive and joyful work environment while enhancing teamwork spirit among employees across all affiliated business units.

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Business & Investments

UAE’s HR excellence in spotlight as merit-based Employee Happiness Awards begins nominations

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UAE’s HR excellence in spotlight as merit-based Employee Happiness Awards begins nominations

  • Employee Happiness Awards draws upon Plan3Media’s philosophy of merit-based awards, allowing brands to either nominate or sponsor; not both
  • The coveted award complements the growing focus on employee experience and wellness from companies across sectors in the UAE
  • Employee Happiness Awards recognizes best HR practices across 22 company categories and 5 individual categories, spotlighting pioneering advancements in employee well-being and happiness, across industries in UAE
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Business & Investments

EGA to acquire Leichtmetall, European producer of high-strength recycled aluminium

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EGA to acquire Leichtmetall, European producer of high-strength recycled aluminium

United Arab Emirates, 21 March 2024: Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, today announced the signing of a binding sale and purchase agreement for the acquisition of a German aluminium recycling firm, Leichtmetall Aluminium Giesserei Hannover GmbH.

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Business & Investments

EFG Hermes Completes Advisory on USD 428.7 Million IPO of Parkin on the DFM

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EFG Hermes Completes Advisory on USD 428.7 Million IPO of Parkin on the DFM

The IPO set a record for the most subscribed offering on the Dubai Financial Market, with an overall subscription of approximately 165 times.

Dubai, March 21, 2024

EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully completed its advisory on the USD 428.7 million initial public offering (IPO) of Parkin, the largest provider of paid parking facilities and services in Dubai, on the Dubai Financial Market (DFM). EFG Hermes acted as a Joint Bookrunner on the transaction.

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