Category Archives: Business & Investments

Business & Investments

Business Opportunities Conference & B2B meetings organized by ICCI

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ICCI Delegation, Led by Ahsan Zafar Bakhtawri, Explores Lucrative Business Opportunities in the UAE

3rd March 2024 — A delegation comprising 160 members from the Islamabad Chamber of Commerce and Industry (ICCI), under the leadership of Ahsan Zafar Bakhtawri, has embarked on a mission to the United Arab Emirates (UAE) to delve into promising business prospects. The visit includes the organization of a Business Opportunities Conference aimed at fostering connections between the Pakistani business community and potential partners in the UAE.

The primary objective of this conference is to explore the possibilities of trade and investment in different fields and to tap the vast business potential in the region and establish a robust network with chambers and businesses based in the UAE. The diverse representation of delegation encompasses entrepreneurs from sectors, including construction, textiles, manufacturing, real estate, IT industry, sports goods.

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Business & Investments

SABIC CEO elected as a Chair for Board of the Gulf Petrochemicals and Chemicals Association (GPCA)

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SABIC CEO elected as a Chair for Board of the Gulf Petrochemicals and Chemicals Association (GPCA)

Dubai, UAE, 3 March 2024 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, announced changes to its Board of Directors for the term 2024-2027 at its Annual General Assembly meeting held in Dubai, United Arab Emirates this week. The changes took place as part of GPCA’s Board elections at the Kempinski Central Avenue, Dubai, on 29 February 2024.

Eng. Abdulrahman Al-Fageeh, CEO, SABIC, was re-elected for a new three-year term as Chairman of GPCA, and Dr. Mohammed Al Mulla, Managing Director and CEO, QAPCO, has been re-elected as Vice Chairman of the Association. Nadia AlHajji, CEO, PIC, was elected for the role of Treasurer, replacing Hazeem Sultan Al Suwaidi, CEO, Borouge, who retains a seat on the GPCA Board. AlHajji remains Sponsor of the GPCA Youth Council.

Eng. Abdulrahman Al-Fageeh, CEO, SABIC, was re-elected for a new three-year term as Chairman of GPCA,

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Business & Investments

Eros Group Recognized as the 5th Best Workplace in the UAE

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Eros Group Recognized as the 5th Best Workplace in the UAE

UAE, 1st March 2024 – Eros Group, the trusted distributor of consumer electronics in the UAE, boasting a portfolio of world-renowned brands such as Samsung, Hitachi, Midea, TCL, Ariston and their own brand Krome, Eros Group has been honored as one of the top 5 best workplaces (Medium category) in the UAE by the Great Place to Work Institute UAE. 

The Great Place to Work Institute is a global research and consulting firm dedicated to identifying and sustaining great workplaces. In the UAE, the firm focuses on enhancing the country’s workforce competitiveness on the global stage, emphasizing quality, trust, and excellence in the workplace.

Mohammed Badri, Managing Director, EROS Group expressed his enthusiasm about the award and stated, “This achievement not only reaffirms our commitment to building a positive and supportive workplace culture but also inspires us to strive for even greater heights of excellence. We believe that by nurturing a workplace environment where our employees feel valued, respected, and empowered, we will continue to drive innovation, collaboration, and the success of EROS Group”

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Business & Investments, Real Estate

Vestian Launches Operations in the UAE, Strengthening its Presence in the Middle East

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Vestian Launches Operations in the UAE, Strengthening its Presence in the Middle East

Dubai, 27th February 2024 – Vestian, a leading global real estate solutions provider, is excited to announce the launch of Vestian MEA, a dedicated investment advisory services firm headquartered in Dubai for the Middle East and Africa (MEA) region. This strategic move underscores Vestian’s commitment to strengthening its presence in the Middle East and enhancing its service offerings in the dynamic real estate market.

From left to right: Mr. Kunal Asirvadam, Chief Administrative Officer, Vestian MEA,Mr. Michael Silver, Chairman, Vestian Group,Mr. Shrinivas Rao, FRICS, CEO, Vestian,Mr. Sanjay Sareen, Managing Director, Vestian MEA

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Business & Investments

Thales successfully delivers the first CAPTAS-4 sonar for the US Navy

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Thales successfully delivers the first CAPTAS-4 sonar for the US Navy

  • Advanced Acoustic Concepts (AAC), a subsidiary of Thales, has delivered the first CAPTAS-4 sonar for the U.S. Navy’s Constellation class Frigates (FFG). Prime contractor Fincantieri Marinette Marine (FMM) awarded the contract in May 2022.This delivery demonstrates the efficiency and the expertise of Thales’ solutions and services.
  • The CAPTAS-4 variable depth sonar (VDS) has successfully completed all the milestones in the program established with FMM. The first system is currently in the United States ready for installation on the first Constellation-class Frigate (FFG-62).  
  • The CAPTAS-4 system, which has won several awards for its unrivalled performance in underwater warfare coalition exercises, will help the new U.S. frigates to detect, locate, classify and track increasingly stealthy submarines.
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