GPCA Announces Winners of 2nd Supply Chain Excellence Awards

GPCA Announces Winners of 2nd Supply Chain Excellence Awards

Supply chain influencers awarded for industry leadership and creating shared value

Dubai, United Arab Emirates, May 4 2017 – Gulf Petrochemicals and Chemicals Association (GPCA), has announced the winners of the second edition of the Supply Chain Excellence Awards sponsored by SABIC that was held on the sidelines of the Supply Chain Conference at the Rosewood Hotel in Abu Dhabi on May 3.
ALFRED TALKE Logistic Services won in the Land category, while Bahri Chemicals were recognized for their contributions to the marine sector. DP World UAE Region won in the Ports category and Yanbu University College in Academia. Maytham Al-Matrood, Yanbu University College, the winner of ‘Ibtikar – Rising Star in Supply Chain Award’– received a monetary reward of AED 10,000. Each category winner took home a trophy, along with a Certificate of Excellence.
Commenting on this year’s edition of GPCA Supply Chain Excellence Awards, Dr. Abdulwahab Al Sadoun, Secretary General, GPCA said: “Through this awards series, we aim to reward outstanding achievements from those who have contributed to supply chain optimization in the GCC from both the private and public sectors. From the success of the inaugural edition last year, we have witnessed considerable advancement in quality, health and safety, security, sustainability, innovation and protection of the environment within the GCC supply chain sector. With a focus on academia-industry collaboration and recognizing bright young talent, the awards will foster knowledge sharing and best practice right from the grassroots.”
Building on the success of their inaugural edition in 2016, the GPCA Supply Chain Excellence Awards featured a number of new categories covering the entire supply chain spectrum this year. Designed to recognize outstanding contributions, leadership and vision, the GPCA Supply Chain Excellence Awards brought together the brightest minds in the industry to network, share best practice and celebrate achievements.

About the Gulf Petrochemicals & Chemicals Association
The Gulf Petrochemicals and Chemicals Association (GPCA) was established in 2006 to represent the downstream hydrocarbon industry in the Arabian Gulf. Today, the association voices the common interests of more than 240 member companies from the chemical and allied industries, accounting for over 95 percent of chemical output in the GCC. The industry makes up the second largest manufacturing sector in the region, producing over US$108 billion worth of products every year.
GPCA supports the petrochemical and chemical industry in the Arabian Gulf through advocacy, networking and thought leadership initiatives aimed at helping member companies to connect, share and advance knowledge, contribute to international dialogue, and become prime influencers in shaping the future of the global petrochemicals industry.
Committed to providing a regional platform for stakeholders from around the world, GPCA manages six working committees – Plastics, Supply Chain, Fertilizers, International Trade, Research and Innovation, and Responsible Care – and organizes six world-class events each year. The association also publishes an annual report, regular newsletters and various other industry reports.
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La Moda Sunglasses named Best Performing Brand in Dubai Opticals Business by Dubai Service Excellence Scheme

La Moda Sunglasses named Best Performing Brand in Dubai Opticals Business by Dubai Service Excellence Scheme

Dubai, UAE, 4 May 2017– La Moda Sunglasses, the luxury sunglasses retail chain from Pure Gold Group, was awarded the ‘Best Performing Brand in Opticals Business Category’ in Dubai Service Excellence Scheme awards by the Dubai Economic Department. The brand was selected for its excellent customer service. La Moda Sunglasses was selected as the #1 service provider from all eyewear organizations in Dubai.

On receiving the award, Amran Iqbal, CEO of La Moda Sunglasses says, “We have always made quality and customer service our top priority and we are proud to win the DSES award for the best performing optical brand in Dubai. We will continue to pursue excellence in all aspects of our operation.”

The fastest growing sunglasses retailer in the GCC, La Moda Sunglasses currently has 21 stores in the region and displays stylish sunglasses from brands such as Prada, Giorgio Armani, Chloe, Roberto Cavalli and Versace.

“The Dubai Service Excellence awards is a benchmark for quality and premium service in the retail industry and it is an important initiative that encourages retailers to adhere to world-class practices and strengthen Dubai’s position as a shopping destination.” Iqbal added.

This recognition was in addition to the award received in 2012 for “Best Service Performance Brand” and “Best Service Performance Outlet” in 2015 DSES Awards.

Thumbay Hospital Ajman Wins the Prestigious ‘Dubai Human Development Award’


Thumbay Hospital Ajman Wins the Prestigious ‘Dubai Human Development Award’

Under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the esteemed award was presented by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai

Thumbay Hospital – Ajman, one of the leading academic hospitals owned and operated by the Dubai-based diversified international business conglomerate Thumbay Group, won the prestigious Dubai Human Development Appreciation Award (DHDA) – 2016, in recognition of its efforts in developing the human resources and achieving excellence in manpower development. The award was received from His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Deputy Ruler of Dubai by Mr. Suraj Padmanabhan – Manager, Talent Acquisition and Mr. Ahamed Koya Sidhiq – Manager, Human Resources of Thumbay Group, at the 23rd Business Excellence Awards ceremony held at the Dubai World Trade Centre on Wednesday, 3rd May 2017.

The awards function was held under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, by the Department of Economic Development (DED) in Dubai, to honour the organizations being conferred with the Dubai Quality Award, the Dubai Human Development Award and the Dubai Service Excellence Scheme for the 2016 cycle of assessment. The awards are a coveted benchmark for quality and business excellence in the country.

Expressing happiness on the esteemed recognition, Mr. Thumbay Moideen, the Founder President of Thumbay Group said, “We consider the DHDA award as an acknowledgment of the unlimited opportunities for continuous learning, training and career progression enjoyed by our employees. We regard our employees as our greatest assets, and offer them an open work environment which encourages each one of them to not only perform to the best of his/her abilities, but also to use creativity and innovation. Opportunities are given for the diverse workforce to learn from each other’s expertise, experience and perspectives.” He also said that Thumbay Group invests substantial time and resources in identifying and delivering appropriate training and learning opportunities for employees. “This process of knowledge exchange and skills enhancement benefits the company as well as the employees, adding to the UAE’s pool of empowered workforce,” he added.

Mr. Akbar Moideen Thumbay, Vice President of the Healthcare Division of Thumbay Group said that DHDA was a proud achievement. “Thumbay Hospital has demonstrated its excellence yet again. We are committed to the industry best practice in human resources, which continuously raise our standards in employee development. This award will inspire us to further strengthen our efforts to emerge as a business leader,” he said.

Part of the largest network of private academic hospitals in the region, Thumbay Hospital – Ajman was the recipient of the Dubai Quality Appreciation Award last year. It had received the internationally acclaimed JCI (Joint Commission International) accreditation in 2013, becoming the first hospital in Ajman to achieve the same. The same year, it was also recognized as the ‘Best Medical Tourism Provider in the Middle East’ by The New Economy – one of the leading publications in the United Kingdom.

About Thumbay Group’s Healthcare Division

Thumbay Group’s healthcare division presently operates academic hospitals in the UAE (Dubai, Ajman, Fujairah & Sharjah) and Hyderabad – India, as well as a network of day care centers and state-of-the-art family clinics at various locations in the UAE, making it the largest network of private academic hospitals in the region. All the hospitals and clinics provide clinical training for the students of Gulf Medical University (GMU), the leading private medical university in the region owned by Thumbay Group. They treat patients from over 175 nationalities, and are staffed by doctors, nurses and technicians from over 25 different countries, speaking more than 50 languages. Thumbay Group also operates CAP-accredited diagnostic labs (Thumbay Labs) and retail pharmacy outlets (Thumbay Pharmacy), in the UAE and India.
Established by the Founder President Mr. Thumbay Moideen in 1998, today Thumbay Group is a diversified international business conglomerate with presence across 20 sectors of business including Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Opticals, Wellness, Nutrition Stores, Hospitality, Real Estate, Publishing, Technology, Media, Events, Medical Tourism, Trading and Marketing & Distribution. Thumbay Group follows a strategic plan, according to which the Group aims to expand its businesses over ten times, with global presence. The strategic vision plan aims to quadruple the employee strength to 20,000 by the year 2022.
The Thumbay academic hospital network will have a total of 1000 beds in the UAE, 1500 beds in India and 750 beds elsewhere in the Gulf and Africa by 2022, taking the total number of hospitals to 15 worldwide.

Menacorp awarded ‘Best Brokerage House-Dubai’ 2017 during Arab Federation of Exchanges Annual Conference


Menacorp awarded ‘Best Brokerage House-Dubai’ 2017 during Arab Federation of Exchanges Annual Conference
May 03, 2017

Menacorp has been recognised at the Arab Federation of Exchanges (AFE) Annual Conference 2017, held on 26th and 27th of April 2017 at the Four Seasons Hotel Beirut in Lebanon. The company received the award for realizing the highest value of trading shares within the Dubai Financial Market during 2016.

Arab Federation of Exchanges Annual Conference is a platform where the leaders of the Arab financial markets share knowledge, expertise and insights with their international counterparts as well as discuss ways to implement global best practices within the region. The 2017 edition of the event was held in collaboration with the Beirut Stock Exchange and saw the participation of several high profile speakers such as H.E. Ali Hasan Khalil, Minister of Finance of Lebanon and Meyer Frucher, Vice-Chairman of Nasdaq Group.

Nabil Al Rantisi, Managing Director – Brokerage, Menacorp said: “The Arab Federation of Exchanges is the guiding body for the Arab stock exchanges which continues to play a significant role in creating a transparent environment for the Arab capital markets. The conference offered a dynamic platform to debate on key topics related to the region’s financial sector and enabled networking opportunities with international financial experts. We thank the Arab Federation of Exchanges for recognizing Menacorp as the leading securities brokerage firm on the Dubai Financial Market for the fourth consecutive year.”

About Menacorp:
Menacorp is an award-winning financial services firm authorized and regulated by the UAE’s Securities and Commodities Authority and the Dubai Financial Services Authority. Its extensive expertise covers financial advisory, brokerage, asset management and financial research provided across the Middle East and North Africa (MENA) region. Menacorp is backed by one of the largest and most diversified Emirati conglomerates, the Bin Hamoodah Group – the company’s main shareholder.


Dubai, May 03, 2017: The Union of Arab Banks hosted the International Banking Summit “IABS 2017” on 2nd May 2017 at London Hilton, London, UK. The theme of the event is “Finance in an Unpredictable World”. The Senior Staff of various Central Banks across Middle East and Senior Staff of Middle-east Banks were present at the event.
Dr. R. Seetharaman, CEO of Doha Bank participated in the session “BREXIT: The changing economic and financial relationships between the UK and the EU”.

He gave insight on UK- EU trade relationships and GCC- EU relationships. He said “44% of UK exports in goods and services went to other countries in the EU in 2016 out of £550 billion of its total exports. 53% of imports into the UK came from other countries in the EU in 2016. The future rules on trade will depend on what kind of agreement the UK reaches with the EU. EU-GCC total trade in goods in 2016 amounted to €138. 6 billion. In 2016, EU exports to the GCC amounted to €100.8 billion. In the meantime, EU imports from the GCC accounted for only €37.8 billion, generating a significant trade surplus for the EU.

Qatar has stake in major European companies such as Volkswagen, Porsche and Glencore. Abu Dhabi has invested in industrial services provider Forrestal, and German shipyard companies. The financial services sector will be alert to the developments from Brexit. The Financial services had got regulated after the global financial crisis. The new US leadership is contemplating re- regulation of the financial services industry and it needs to be seen how this can impact the Industry. ”
Dr. R. Seetharaman highlighted on GCC- UK bilateral relationships. He said “In 2015 bilateral trade between the UK and GCC reached £30 billion. The British government will be keen to expand its trade, commercial and investment ties with the Gulf States and will find willing partners in the region. The road ahead for a free-trade agreement (FTA) seems to be open between both the blocs, particularly as the GCC already has similar agreements with many countries and blocs. The fast-growing Gulf markets are seen as an important outlet for British exports. This gives UK exports a competitive edge and achieving remarkable gains though its imports from the GCC such as petroleum, petrochemical and aluminum products. ”
Dr. R. Seetharaman gave insight on Qatar- UK relationships. He said “Qatar’s Strategic Trading Partner as UK’s total exports to Qatar amounted to 2.6 billion pounds in 2015, representing an increase of 16% from 2014, while Qatar’s exports to the United Kingdom have doubled to reach 2.7 billion pounds during the same year. In Oct 2016 Qatargas has signed a five-year liquefied natural gas sale and purchase agreement (SPA) with Petronas LNG UK Limited (PLUK). Under the terms of the SPA, Qatargas will deliver LNG to PLUK until Dec. 31, 2023.

Qatar has a large portfolio of investments in the UK, covering a wide range of investments such as the Shard skyscraper, the Olympic Village, the Shell Centre, the US Embassy in Grosvenor Square, shareholdings in Barclays, Sainsbury’s and BAA, as well as ownership of Harrods departmental store. Qatar Investment Authority committed an additional £5 billion in the UK this year. This will invest in transport, property and digital technology. ”
Dr. R. Seetharaman highlighted on opportunities for UK in Qatar. He said “Many other British companies are also active in Qatar’s infrastructure projects, in particular architectural firms, design, project management and engineering consultancy. Transport, construction are two sectors which witness activity this year. Majority of companies in the UK are SMEs so they have a very strong entrepreneurial culture in driving forward because they are the ones who employ people. They can support Qatar to look at various issues where UK have vast experiences. The UK has considerable experience in the area of public private partnerships, which enable the public sector to access the discipline, skills and expertise of the private sector, and for many years has been home to one of the world’s largest and most experienced PPP markets. Qatar is planning to introduce a new law governing the use of public-private partnerships (PPPs) as the government looks to ease the strain of funding a pipeline of projects. The UK can show how collaboration with the private sector can lead to innovation in public sector services.”
About Doha Bank
Doha Bank is the largest private commercial bank in the State of Qatar. It was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.
As one of Qatar’s leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives.

The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.
The Dubai branch of Doha Bank was opened in 2008.

United Arab Emirates