Category Archives: Business & Investments

Business & Investments

Noatum Successfully Completes the Acquisition of Sesé Auto Logistics

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Noatum Successfully Completes the Acquisition of Sesé Auto Logistics

Closing of the transaction marks Noatum’s strategic leap in the European automotive logistics industry

Madrid, Spain/ Abu Dhabi, UAE – 31 January, 2024: AD Ports Group (ADX: ADPORTS), one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum, which leads its Logistics Cluster operations, successfully closed the acquisition of 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value – EV) of EUR 81 million. The acquisition, which was approved by all relevant European regulators and closed today, solidifies Noatum’s commitment to providing comprehensive solutions across the entire logistics value chain in the automotive industry.

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Business & Investments

GCC Insurance Industry poised for accelerated growth in the next five years, forecasts Alpen Capital

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GCC Insurance Industry poised for accelerated growth in the next five years, forecasts Alpen Capital

DUBAI – January 31st, 2024: UAE-based investment banking advisory firm, Alpen Capital projects the gross written premium (GWP) of the region to grow at a CAGR of 5.3% reaching US$ 44.4 billion by 2028, in its latest GCC Insurance Industry report. The non-life insurance segment is anticipated to grow at a CAGR of 5.4% between 2023 and 2028 reaching US$ 39.6 billion, comprising 89.2% of the region’s GWP by 2028.

The report provides a comprehensive overview of the GCC insurance sector, outlining recent trends, growth drivers and challenges. It also profiles select insurance companies in the region.

The report was launched over a webinar followed by a panel discussion featuring Fareed Lutfi, Secretary General, Emirates Insurance Association and Gulf Insurance Federation; Sunil Kohli, Chief Executive Officer, Dhofar Insurance Co.; and Krishna Dhanak, Managing Director, Alpen Capital. Hameed Noor Mohamed, Managing Director, Alpen Capital moderated the discussion.

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Business & Investments

Joyalukkas Exchange Expands its Presence with Inauguration of 5 New Branches and a State-of-the-Art Head Office

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Joyalukkas Exchange Expands its Presence with Inauguration of 5 New Branches and a State-of-the-Art Head Office

 
February, 2024 – UAE: In a remarkable stride towards enhancing financial services across the GCC, Joyalukkas Exchange proudly inaugurates five new branches and a cutting-edge head office. With this expansion, the total number of branches reaches an impressive 85 branches in the 3 region – Oman, Kuwait and UAE, solidifying Joyalukkas Exchange’s standing as a leading player in the industry. Anticipating continued growth, an additional 30 branches are slated to open soon, aiming for a total of 115 branches by the end of 2024.

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Business & Investments

الخوخي لون الكمال: “صنكوست” للأثاث الخارجي والإكسسوارات يحتفي باختيار “بانتون” لهذا العام

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الخوخي لون الكمال: “صنكوست” للأثاث الخارجي والإكسسوارات يحتفي باختيار “بانتون” لهذا العام

دبي، الإمارات العربية المتحدة، فبراير 2024– بمناسبة بالعام الجديد، يُعلن متجر “صنكوست”، الذي يُعد الوجهة الأولى لتصاميم الأثاث الخارجي وحلول المساحات المفتوحة في دولة الإمارات العربية المتحدة، عن مجموعة منتقاة من قطع الأثاث والديكورات المستوحاة من اللون الخوخي، لون عام 2024، وفقاً لمعهد “بانتون” الأمريكي. هذا اللون الناعم والحساس هو رمز معبر عن عصرنا الحالي. إذ يجسد رغبتنا المشتركة في الاستمتاع بالراحة والدفء واغتنام لحظات السعادة العابرة في حياتنا اليومية. كما يعزز الخوخي الطاقات الإبداعية والمهارات الذاتية، مما يُثبت أن جمال التصميمات يكمن في بساطتها ويوضح التأثير العميق للألوان على الحالة المزاجية والعاطفية.

وقد كشف “صنكوست” بكل فخر عن سفيرة علامته التجارية للعام الجديد، نور الجابري، وهي مصممة متميزة ومؤثرة فيما يتعلق بنمط الحياة وحاصلة على درجة الماجستير من فلورنسا، إيطاليا. تجمع نور بين الإبداع والدفء في مشاريعها، وقد اكتسبت شهرة كسفيرة إندكس لمرتين بالإضافة إلى أنها شخصية مطلوبة لتجديد منازل المشاهير، ومعروفة بكونها وجه التصميم في برنامج صباح الخير يا عرب على قناة إم بي سي 1.

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Business & Investments

Emirates Development Bank Forum Highlights Strategic Vision for Abu Dhabi’s Economic Growth and Diversification

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Emirates Development Bank Forum Highlights Strategic Vision for Abu Dhabi’s Economic Growth and Diversification

  • The EDB Connect forum was held in partnership with ‘Make it in the Emirates’ initiative led by Ministry of Industry and Advanced Technology
  • The Abu Dhabi edition brings together industry leaders and stakeholders to discuss Abu Dhabi’s investment landscape and the pivotal role of SMEs in the Emirate’s economy
  • The event underscores the commitment of Emirates Development Bank and its partners to driving Abu Dhabi’s economic diversification and global competitiveness
  • Forum gathered key players in Abu Dhabi’s business ecosystem, in line with EDB’s core value of ‘Excelling Through Partnerships’

Abu Dhabi, United Arab Emirates, 30 January 2024: Emirates Development Bank (“EDB” or “the Bank”), yesterday hosted the highly anticipated Abu Dhabi edition of EDB Connect at the ADGM Atrium in a strategic partnership with ‘Make it in the Emirates’ initiative, convening key industry leaders, government officials, and business innovators to discuss, debate, and shape the future of Abu Dhabi’s economy. The event – now in its second edition – serves as a vital platform for discussing strategic investments, exploring innovative solutions, and fostering the growth of SMEs.

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