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Business & Investments

The Middle East Metallurgy Corrosion & Coatings Expo (MECOC) 2024 in Abu Dhabi

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MECOC 2024 Unveiled Cutting-Edge Technologies on Steel & Non-Metallic Materials and Strategies to Tackle Corrosion in the Oil and Gas Industry

Corrosion costs the industry around $1.372 billion every year

Dubai, UAE – February 2024 – The oil and gas industry is crucial for providing global energy, but it faces a constant problem, corrosion. According to a study by NACE, corrosion costs the industry around $1.372 billion every year. To break it down, $589 million goes to surface pipeline and facility costs, $463 million for yearly downhole tubing expenses, and an extra $320 million for capital expenditures related to corrosion.

As such, it is imperative that the oil and gas industry has an effective corrosion management strategy in place to help reduce operational costs in the long run. In the same context, Aldrich International hosted The Middle East Metallurgy Corrosion & Coatings Expo (MECOC) 2024 in Abu Dhabi from 6th to 8th February at Rixos Marina, Abu Dhabi, UAE. The landmark event brought together 40+ countries, 300+ industry professionals, 30+ exhibiting companies and 60+ expert speakers to delve into the latest technologies related to Metallurgy, Corrosion, and Coatings for the Oil and Gas industry.

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Real Estate

Citi Developer Unveils Innovative Experience Centre Showcasing Aveline Residences

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Citi Developer Unveils Innovative Experience Centre Showcasing Aveline Residences

The Experience Centre will feature Virtual Reality Experiences, Mockup Apartment Showcases, One-on-One Sessions, and Interactive Presentations

Dubai, UAE, February 2024 — Citi Developers, a global master developer with a legacy of over a decade of trust and quality, launched its state-of-the-art Experience Centre, dedicated to showcasing its revolutionary Aveline Residences, to be developed in the heart of Jumeirah Village Circle. While Aveline Residences takes center stage in this immersive environment, the focus extends beyond the project itself to encapsulate the broader vision of Citi Developers.

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Education

UAE President Honours Nursery With Parent-Friendly Label 

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UAE President Honours Nursery With Parent-Friendly Label 

Tappy Toes Nursery becomes the first nursery in the UAE to receive recognition from the UAE Government

UAE – February 6, 2024: The UAE encourages organisations to be more supportive towards working parents, making it the central focus of the government’s programmes and strategies. In line with this strategy – Tappy Toes Nursery, an early childhood education provider, has announced that it has been awarded the prestigious Parent-Friendly Plus Label for fostering an inclusive and supportive environment for working parents and exceeding global best practices. 

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Shopping & Promotions

CENTREPOINT: SHAPING THE FUTURE OF RETAIL

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CENTREPOINT: SHAPING THE FUTURE OF RETAIL

CENTREPOINT’S STORE OF THE FUTURE

CONSUMERS WILL SHOP DIFFERENT

The all-new Centrepoint store boasts a wealth of features that position it as the ultimate customer-centric retail experience that brings together the best of the online and offline worlds, and where convenience is paramount. The aim is to encourage customers to “shop different” at their favorite store.

The interior design boasts a modern and fresh layout with where each concept -, Babyshop, Splash, Shoemart&Lifestyle – retains its distinctive appeal, but also blends effortlessly as part of the larger aesthetic. Fully Digitalized Open concept store fronts, Clear walkways with digital interfaces and LED screens contribute to the futuristic feel while showcasing products and providing convenience to shoppers who are seeking specific items.

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Business & Investments

IHC Announces Stellar Preliminary Financial Results for 2023: Record Revenue and EPS Growth

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IHC Announces Stellar Preliminary Financial Results for 2023: Record Revenue and EPS Growth

  • EPS of AED 12.36, indicating robust financial health and investor confidence.
  • Preliminary Net profit remains strong at AED 32,748 million.
  • Revenue Soars to AED 60,089 million with strategic acquisitions and performance driving a preliminary 18% YoY increase.

Abu Dhabi, 5th February 2024:ABU DHABI, UAE – International Holding Company (IHC), a leading investment conglomerate based in Abu Dhabi, has announced its Unaudited Preliminary Financial Results for the year ended December 31, 2023, showcasing a remarkable year of financial growth and strategic achievements.

The Group’s Preliminary Revenue soared to AED 60,089 million, marking an 18% increase from the previous year’s AED 50,946 million. This significant revenue growth is attributed to the company’s strategic acquisitions and the enhanced financial performance of its existing businesses, aligning with the management’s strategic vision for the Group.

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