Category Archives: Business & Investments

Business & Investments

Breakbulk Middle East 2024 Receives Endorsement from Leading Organisations in the Region

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Breakbulk Middle East 2024 Receives Endorsement from Leading Organisations in the Region

The event will facilitate valuable partnerships and drive the growth of the region’s breakbulk and project cargo sector

Dubai, United Arab Emirates – 3rd of Jan 2024: Held under the patronage of the UAE Ministry of Energy and Infrastructure, the 2024 edition of Breakbulk Middle East is set to bring the region’s breakbulk and project cargo industry under one roof, taking place on 12- 13 February 2024, covering a series of significant themes, and looks forward to the participation of leading industry experts. Breakbulk Middle East is poised to play a pivotal role by connecting global industry players, fostering collaboration, and facilitating the exchange of the latest solutions, offerings, and innovative ideas.

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Business & Investments

Ajman Bank Launches Real Estate Subsidiary – Skyrise Properties

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Ajman Bank Launches Real Estate Subsidiary – Skyrise Properties

Ajman Bank, one of the leading Islamic financial institutions in the UAE, has announced the launch of Skyrise Properties,a dynamic new fully owned subsidiary focused on real estate asset management. Headquartered in the UAE, Skyrise Properties is set to revolutionize the property management sector.

This strategic move marks a pivotal chapter in Ajman Bank’s transformation journey of diversification and innovation and will complement the bank’s core business offerings, with a range of services including property management, sales, leasing, brokerage, third-party evaluations, and facility management supervision.

Making the announcement, Mustafa Al Khalfawi, CEO of Ajman Bank, said, “The launch of Skyrise Properties signifies a momentous milestone for Ajman Bank. This new venture, is a crucial stepfor us in the realm of property management and real estate, where we aim to set new benchmarks and redefine standards. Our mission is clear – to elevate not only Skyrise Properties but also Ajman Bank to new heights.”

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Business & Investments

Saudi Real Estate Refinance Company (SRC) Extends its Refinancing Agreement with Alrajhi Bank with an Additional SAR 5.8 billion

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Saudi Real Estate Refinance Company (SRC) Extends its Refinancing Agreement with Alrajhi Bank with an Additional SAR 5.8 billion

Riyadh, Saudi Arabia, 03January 2024 – The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has extended its refinancing agreement with Alrajhi Bank, the world’s largest Islamic bank by mortgage assets and market cap, with an additional SAR 5.8 billion bringing the total value of refinancing agreements between the two to SAR 10.8 billion.

The continued collaboration between SRC and Alrajhi Bank, as highlighted by this new agreement, pinpoints SRC’s pivotal role in enhancing growth capabilities of banks and financiers through offering liquidity, capital management, and balance sheet de-risking solutions that will lead to an increase in the origination of new home loan assets, making home financing more accessible.

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Business & Investments

British Business Group becomes British Chamber of Commerce Dubai

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New brand identity endorsed by Dubai Chambers and the British Chambers of Commerce

British Business Group Dubai and Northern Emirates (BBG) is marking a significant milestone in the history and future of the organisation,adopting the titleof Chamber of Commerce. Endorsed by Dubai Chambers and the British Chambers of Commerce, the group will be known as the British Chamber of Commerce Dubai.

Andrew Mortimer, Chair and CEO, BBG

Representing British businesses in Dubai and the Northern Emirates since 1997, the group has provided a dedicated and consistentplatform for creating stronger trade relations between the UK and UAE. The transition to Chamber followsthe group’s recent success,winningsecond place in the British Chambers of Commerce Best International Chamber of the Year. The award was also commended by Dubai Chambers as a testament to the substantial and significant support BBG has offered to British businesses in Dubai.

Katy Holmes, General Manager, BBG

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Business & Investments

BinSulaiman Group – OBS, a UAE Family Business, Wins Fastest Growing Company of the Year 2023 Award

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BinSulaiman Group – OBS, a UAE Family Business, Wins Fastest Growing Company of the Year 2023 Award

Dubai, UAE – January 3, 2023: BinSulaiman Group – OBS, a renowned UAE family business founded by Dr. Omar BinSulaiman, has been honored with the prestigious “Fastest Growing Company of the Year 2023” award. This recognition comes as a testament to the company’s exceptional growth, innovative business practices, and commitment to quality.

Dr. Omar BinSulaiman, Founder & Chairman BinSulaiman Group -OBS

BinSulaiman Group – OBS is a privately held, diversified group with operations in the Middle East, UK, and emerging markets with enduring business partnerships. It has expanded into a diverse conglomerate/business group, leading in industries such as Automotive Aftermarket Services & Products, Lifestyle, Luxury Retail, F&B, Real Estate, Global Logistics, Trading, FMCG, Investments, Leisure, Healthcare, & Consulting.

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