Category Archives: Business & Investments

Business & Investments

ECI Takes Center Stage at WTO’s 13th Ministerial Conference

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ECI Takes Center Stage at WTO’s 13th Ministerial Conference, Leading Trade Facilitation Discussions

Abu Dhabi, United Arab Emirates; 07 March 2024:

Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, hosted an insightful session titled “Trade Facilitation: Risks and Opportunities for Global Trade” at World Trade Organization’s 13th Ministerial Conference in Abu Dhabi, underscoring ECI’s commitment to advancing trade facilitation, emphasizing the essential role of export credit insurance in stabilizing and stimulating global commerce.

Held at the Abu Dhabi National Exhibition Centre (ADNEC), the session brought together global trade leaders to address the complex challenges facing the international trade sector whilst also identifying key risks and exploring innovative solutions that enhance the role of export credit insurance in supporting global trade.

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Business & Investments

UBF CEOs Advisory Council meeting discusses 2024 initiatives to develop banking sector

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UBF CEOs Advisory Council meeting discusses 2024 initiatives to develop banking sector

Abu Dhabi, United Arab Emirates; 07 March 2024:

The CEOs Advisory Council of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, held its first regular meeting for the year 2024 under the chairmanship of His Excellency Abdulaziz Al-Ghurair, Chairman of the Board of Directors of the Federation, to discuss the latest trends and developments in the banking and financial sector and the Federation’s strategy for the year 2024 to advance the UAE’s financial sector.

The Council reviewed the Federation’s efforts to improve banking operations and the initiatives to consolidate the UAE’s position as a global financial and banking hub, which are being implemented under the direct supervision and guidance of Central Bank of the UAE.

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Business & Investments

Burjeel Holdings’ FY’23: Revenue Up by 16%, EBITDA Increases 18%

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Burjeel Holdings’ FY’23: Revenue Up by 16%,EBITDA Increases 18%

Abu Dhabi, United Arab Emirates, 6 March 2024: Burjeel Holdings PLC (“Burjeel” or “the Group”), a leading super-specialty healthcare services provider in MENA listed on the Abu Dhabi Securities Exchange (“ADX”) (SYMBOL: BURJEEL; ISIN: AEE01119B224), today announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the twelve-month period ended 31 December 2023.

Strong Momentum on Strategic Priorities

Burjeel Holdings saw remarkable progress on its strategic ambitions to ramp up the Group’s high-growth assets, expand its healthcare infrastructure and drive patient yield through the provision of highly specialized complex care. The Group maintains its focus on the expansion of its medical network and enhancing operational efficiency through economies of scale and continued digitization. Over the next two years, Burjeel plans to open one hospital in Dubai, day surgery centers in Al Ain and Al Dhafra regions, as well as one medical center in Abu Dhabi.

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Business & Investments

Emirates Environmental Group celebrates partners at its 27th Annual Gala Event

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Emirates Environmental Group celebrates partners at its 27th Annual Gala Event

68 supporting organisations from the government, private and civil society sectors honored

Dubai, UAE – March 7, 2024 – The Emirates Environmental Group (EEG) hosted its 27th Annual Corporate Gala Dinner on the evening of March 5th, graced by the esteemed presence and patronage of H.H. Eng. Sheikh Salem bin Sultan bin Saqr Al Qasimi, Chairman of the Department of Civil Aviation Ras Al Khaimah and Member of the Government of Ras Al Khaimah’s Executive Council. Themed “Guiding Sustainability Tributaries, Foundation of a Unified Path,” the event provided a distinguished platform to honour accomplishments in environmental conservation and sustainability, showcasing EEG’s significant impact on both local and global stages.

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Business & Investments

LEAP 2024: SAP Ramps up Investment in Saudi Arabia

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LEAP 2024: SAP Ramps up Investment in Saudi Arabia to Foster Innovation Ecosystem and Enhance National Technology Skills

  • Tech giant launches first regional SAP Innovation Hub and opens an SAP Experience Center in Khobar to drive innovation initiatives with customers and partners
  • In collaboration with Ministry of Communications and Information Technology, SAP announces Academy of Engineering program will be further extended until 2025
Ahmed AlFaifi, SAP

 Photo caption: Ahmed AlFaifi, Senior Vice President and MD, SAP, Middle East Africa – North announced new SAP investments in the Kingdom at the LEAP 2024 technology event today.

RIYADH, KSA — March 6, 2024 – SAP today announced it is increasing its investment in Saudi Arabia, a critically important market for the global technology company. To enable further co-innovation with new and existing customers and partners, SAP has launched a first-of-its-kind regional SAP Innovation Hub in the Kingdom and will also open an SAP Experience Center in Khobar this month. In addition, SAP is extending its elite program for training in advanced technology skills, organized in collaboration with the Ministry of Communications and Information Technology (MCIT), until at least 2025.

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