Category Archives: Business & Investments

Business & Investments

Food consumption in the GCC to grow at a steady pace, says Alpen Capital

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Food consumption in the GCC to grow at a steady pace, says Alpen Capital

Dubai – November 28th 2023: UAE-based investment banking advisory firm, Alpen Capital, projects the food consumption in the region to grow at a CAGR of 2.8% to reach 56.2 million MT by 2027 in its latest GCC Food Industry report. The vegetables food category is expected to surpass the growth rates of the meat and cereals categories in the coming years.   

Released on Tuesday, November 28th, the report provides a comprehensive overview of the GCC food sector and outlines the sector’s recent trends, growth drivers and challenges. It also profiles some of the renowned food companies in the region. 

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Business & Investments

MENA Effie Awards’ 14th Edition Crowns its Dazzling Victors

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MENA Effie Awards’ 14th Edition Crowns its Dazzling Victors

Hosted at the iconic Armani Hotel, Burj Khalifa, the awards gala honored the epitome of excellence in effective work across the MENA region.

Dubai, UAE, 28th November 2023: The 14th edition of the MENA Effie Awards announced its winners for 2023 at the annual awards gala hosted at the exquisite Armani Hotel, Burj Khalifa. The Oscars-themed ceremony welcomed over 1200 marketing, advertising, and communications professionals revealing more than 75 winners across 46 categories from a competitive pool of 850+ entries. The jury presented 150 professionals from MENA’s marketing and advertising sector, who went through strenuous rounds of examining all entries and put in immense dedication, time, and effort to help select this year’s superstars of marketing effectiveness.

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Business & Investments

UAE Banks Federation organises webinar on corporate tax

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UAE Banks Federation organises webinar on corporate tax

Abu Dhabi, UAE – 28 November: 2023

UAE Banks Federation (UBF), the representative and unified voice of banks in the UAE, organised a webinar on corporate tax in the UAE recently as part of efforts to enable the exchange of views and experiences in order to develop the banking sector in the country further and strengthen the UAE’s position as a leading financial and banking centre.

In his opening speech at the Corporate Tax Webinar, Mr. Jamal Saleh, Director General of UBF, said: “The corporate tax system in the UAE is one of the most advanced tax systems, as it is based on research and studies of international best practices, compliant with highest regulatory standards and frameworks based on principles of governance and transparency, as well as discussions and consultations with stakeholders and companies operating in various vital sectors to ensure its compatibility with the UAE’s advantages as a financial, banking and commercial centre.”

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Business & Investments

DUBAI HOLDING ANNOUNCES PARTICIPATION AT COP28 AS PRINCIPAL PATHWAY PARTNER

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DUBAI HOLDING ANNOUNCES PARTICIPATION AT COP28 AS PRINCIPAL PATHWAY PARTNER

Dubai, United Arab Emirates, 28 November 2023: Dubai Holding, a diversified global investment company with an extensive portfolio of AED 130 billion worth of assets, has announced its participation as Principal Pathway Partner at the 28th meeting of the United Nations Climate Change Conference (COP28). Underscoring its commitment to the UAE’s Net Zero 2050 strategic initiative, Dubai Holding has signed the UAE Climate Responsible Companies Pledge in collaboration with the Ministry of Climate Change and Environment (MOCCAE).

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Business & Investments

Abu Dhabi Finance Week (ADFW) From Nov 28-30 ,2023

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Under the Patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan

Abu Dhabi Finance Week Charts the Rise of the Falcon Economy with A Grand Opening Ceremony and the Launch of Abu Dhabi Economic Forum

  • The Chairman & CEO of JP Morgan Chase & Co praised the economic transformation agendas of Abu Dhabi, whilst announcing plans to expand the bank’s operations in ADGM, to match the UAE’s emergence as ‘one of the world’s most important trade & financial hubs’.
  • Global finance leaders assembled to analyse ADFW’s main theme, ‘Investing in the transition era, where iconic investor Ray Dalio spoke of preparations for a changing economic world order.
  • Discussions around Abu Dhabi’s remarkable emergence as an international financial centre, investment strategies of SWFs and ADGM’s increasing recognition as a climate finance hub.

Abu Dhabi, UAE, 27th November 2023: Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, Abu Dhabi Finance Week (ADFW) commenced its four-day series of over 46 sub-events with a spectacular opening ceremony hosted under a specially designed eventdome in the South Plaza of Abu Dhabi Global Market (ADGM) and followed the launch of the inaugural Abu Dhabi Economic Forum.

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