Abu Dhabi Securities Exchange (ADX), the region's leading financial market, was part of the UAE delegation led by H.E. Sultan bin Saeed Al Mansoori, Minister of Economy, at the Partnership Summit 2019 held in Mumbai, India, on January 12 and 13.
Organised in collaboration with the host state government of Maharashtra, ADX’s delegation was led by H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX. The Exchange’s participation in the summit is in line with its strategy to bolster its international presence, as well as strengthen cooperation between ADX and the Bombay Stock Exchange (BSE) as part of a Memorandum of Understanding signed by the two sides earlier last year.
Indian Vice President Venkaiah Naidu; Suresh Prabhu, Minister of Commerce and Industry of the Government of India and Devendra Fadnavis, Chief Minister of Maharashtra attended the opening of the summit, which witnessed the attendance of more than 1,400 participants from 40 countries around the world.
With a global gathering of international leaders and officials, the Partnership Summit 2019 is aimed at exploring global growth and investment opportunities and building sustainable partnerships between various stakeholders. Through this summit, ADX seeks to promote the the Exchange, as well as the competitive and fair investment environment of the Emirate of Abu Dhabi. The ADX delegation highlighted the Exchange’s position as the preferred destination for foreign investments in the region, and reiterated the significance of the cooperation between ADX and the Bombay Stock Exchange (BSE) and benefits and investment opportunities it brings.
H.E. Khalifa Salem Al Mansouri said that ADX's participation in the Partnership Summit 2019 underscores the Exchange’s continued efforts to benefit from global best practice, as well as its desire to forge strategic partnerships to attract more foreign investment to the Exchange and Abu Dhabi in particular.
H.E. said: "During the summit, we were keen to highlight the unique investment environment of Abu Dhabi, both in terms of political and economic stability, its fair legislative and legal system, as well as advanced infrastructure. These are all factors that attract investors looking for stable markets and sustainable returns. The summit was an ideal platform for us to work closely with our Indian counterparts as investors from the country are an important source of foreign investment in the Emirate."
The number of Indian investors in ADX stood at around 17,700 by the end of 2018. The trading value of their transactions (buy + sell) during 2018 amounted to about AED 345 million with the market value of shares they owned standing at around AED 280 million as of end of last year.
In February 2018, ADX formed a joint working group with the Bombay Stock Exchange (BSE) to promote cooperation between the two exchanges in several key areas, including benefiting from the expertise of BSE in supporting small and medium enterprises and the steps it has taken to effectively manage related projects and procedures.
Al-Amaal Business Services Tasheel And Data Flow Group signed an Exclusive Agreement, under which data flow will provide the verification services to all applicants applying to the DOH –Abu Dhabi. Stating October This Year.
Mr. Ghanem CEO Of Al-Amaal Business Services –Tasheel Said! “In time with Abu Dhabi Government Vision 2030 And the Strategic Partnership between Government and Private Sector, Our Centre intends always to Provide the Best Services with the world leading provider of special used Primary source Verification, Background Screening and immigration compliance solutions.”
He also Pointed out That the Al-Amaal Business Services Tasheel Provides a world class services related to MOHRE and any other Governmental Department under one roof.
Mr. Sunil Kumar CEO of the DataFlow Group said!” “Customer centricity is one of the cornerstones of the DataFlow Group culture, one which governs our decision making and ensures we stay close to our clients and applicants. We are pleased to work with Al Amaal Business Services and provide this assistance for the Department of Health-Abu Dhabi Applicants - further supporting their risk mitigation strategy to ensure all of their healthcare practitioners are fit and qualified to practice.
Implemented with immediate effect, the DataFlow Group customer service desk (number 35) can be found on the first floor of the TAS’HEEL Center, Airport Road, Abu Dhabi.
Abu Dhabi Securities Market (ADX) today celebrated the 18th anniversary of its establishment and the achievements of the market in its various stages at the local, regional and international levels, which contributed to supporting the local economy and attracting investments to the UAE.
The Abu Dhabi Securities Market was established on 15 November 2000 under Local Law No. (3) of 2000, to form the independent legal entity, finance, independent management, and regulatory and executive authorities to carry out its duties.
ADX continues to develop its operations, launch strategic initiatives, and provide innovative products and services based on global best practices in the areas of disclosure, transparency and corporate governance as part of its ongoing quest for sustainable economic development in the Emirate of Abu Dhabi.
And its commitment to contribute to the achievement of Abu Dhabi Economic Vision 2030 and the Abu Dhabi Plan for the Development and Development of the Financial Services Sector, aimed at attracting investments and enhancing the competitive environment for doing business in the Emirate.
Khalifa Al Mansouri, Chief Executive Officer of ADSM, praised the market's pioneering achievements, which were the result of the market strategy and its continuous pursuit of being the ideal financial market and an innovative and attractive market that is transparent and supportive of the UAE economy.
Khalifa Al Mansoori said: "Abu Dhabi Securities Market achieved these achievements thanks to the efficiency, integrity and transparency that the market operates in and depends on in all its transactions, and also thanks to the efforts of the market team in its various departments and departments and the market focus on providing the best services and products to customers to invest their savings, Rights through the application of fair dealing principles. "
The Abu Dhabi Securities Exchange (ADX) has been the top performer in the region for a number of quality securities initiatives in the region.
The market is the first in the region to list and trade ETFs, the first market in the region to list private equity shares within the second market platform, and the first market in the region to receive ISO 27001.
The market was the first market in the region to disclose the names of shareholders who own 5% or more of the listed company's capital and the first market in the region to implement and adopt the electronic control system (SMART). Abu Dhabi - Al Bayan
Steven Sidthiphol, Training Specialist, Technical Support Services, Global, SNC-Lavalin, on training programmes for upcoming talent across the industry with an emphasis on developing the skills of people within the region
Read full article in this link.
On 24 October 2018, Concorde Corodex Group signed an exclusive distributor agreement with Hydraloop Netherlands for decentralised grey water recycling system for all countries within UAE and Oman.
Dutch chain Hema has opened its first store outside of Europe, in Abu Dhabi. With this store, the chain wants to test which products are successful in this new market.
Locals need affordable products
In preparation for larger stores in the Middle East, Hema opened its first non-European store in the United Arab Emirates. The store starts with a basic range, which will slowly expand: the intention is that the entire international range will be available in the stores in the Middle East. Several stores in the region are already scheduled to open, including one in Dubai. Apparel Group, which supports Hema in its expansion in the region, see great opportunities for Dutch retailers in the UAE and the rest of the Middle East. Most of the retail chains in the region mainly offer luxury. products, but many local families need affordable products.
"The opening of our store in Abu Dhabi is an important step in Hema's foreign growth. We chose the Middle East not only because of the opportunities in that market, but also because of the strategic location between Europe and Asia," says international director Richard Flint. In order to expand further, Hema is entering into more and more collaborations: the chain recently opened its first shop-in-shop in the new department store NEXT on Oxford Street in London. International expansion is an important factor in the growth strategy of the chain.
Bombardier's Global 7500 received Transport Canada certification today. On hand for the milestone were (left to right): Stephen McCullough, vice president, integrated product development team, Global 7500 and Global 8000; David Turnbull, director, National Aircraft Certification, Transport Canada; Marc Garneau, Minister of Transport; David Coleal, president, Bombardier Business Aircraft; Michel Ouellette, senior vice president, Global 7500 and Global 8000 program; François Caza, vice president, product development and chief engineer, product development engineering, aerospace, Bombardier Inc; and Alain Bellemare, president and CEO, Bombardier Inc. (Photo: Bombardier)
Bombardier on Friday celebrated the much-anticipated receipt of Transport Canada type certification of its 7,700-nm, four-zone, flagship 7500. Transport Canada awarded the certification during a ceremony held at Bombardier’s Global Completion Center in Montreal. U.S. FAA and EASA certification are anticipated shortly, with deliveries slated to begin before year-end.
“The certification of our clean-sheet Global 7500 business jet is a defining moment for Bombardier, for our employees, and for the industry, as we approach entry-into-service,” said Bombardier Business Aircraft president David Coleal. “Thanks to the rigor and innovation of our design and test program, the Global 7500 has succeeded in elevating every standard by which a business jet is measured: comfort, luxury, performance, and a smooth ride.”
"The certification of the Bombardier Global 7500 is a significant accomplishment that will create good quality jobs for Canadians and support the continued growth of the local and regional economies where these aircraft are built,” added Marc Garneau, Canada’s minister of transport.
Certification comes eight years after Bombardier took the wraps of its longest range and largest business jet to date. While the program incurred a two-year delay to accommodate a wing redesign, certification followed a two-year flight-test program that spanned five aircraft and accumulated more than 2,700 flight test hours.
The results of that program enabled the company to boost range by 300 nm, opening up city pairs such as New York to Hong Kong, and confirm a published takeoff distance of 5,800 feet.
“During the certification process the team successfully validated all customer and regulatory requirements to yield a highly integrated, state-of-the-art aircraft with the highest level of safety that meets or exceeds the needs of our clients,” said François Caza, Bombardier’s vice president, product development and chief engineer, product development engineering, aerospace.
Bombardier touts the “four true living spaces,” of the aircraft, with a cabin equipped with Ka-band, the nice Touch cabin management system, Bombardier Touch dial that brings OLED display technologies to business jets and the patented Nuage seat.
The model was originally called the Global 7000, but Bombardier this spring renamed it the 7500, a move the company said provides “clear visibility” into the growing Global family that also includes the recently introduced Global 5500 and 6500, along with the 5000 and 6000.
Jamie Oliver’s Pizzeria is about fresh ingredients and bold flavours, served up in a buzzing, authentic and family-friendly environment.
Apparel Group, one of GCC’s largest retail conglomerates announced the opening of Jamie Oliver’s Pizzeria by British Celebrity Chef Jamie Oliver in Dubai’s popular hub, Jumeirah Lake Towers – Cluster R.
This is the first Jamie Oliver’s Pizzeria to make it to the Middle East and only the sixth of its kind in the world, serving up authentic Italian Neapolitan hand-stretched pizzas topped with fresh ingredients, salads, nibbles, delicious desserts and amazing healthy breakfast options.
Jamie Oliver says:
“I’m so excited to have just opened my pizzeria concept in Dubai – it’s in a really buzzing area of the city and I just know it’ll tick loads of boxes for the people living and working in the neighbourhood. It’s really great to be able to get stuck in and bring some super high-quality, well made pizzas to the city, and embrace local flavours along the way. The thing I love about Dubai is that there’s so many different cultures and some incredible produce on offer, and you guys really appreciate the importance of using beautiful fresh ingredients, like I do in all my restaurants. See you out there soon!”
The restaurant is a rustic Italian casual-dining concept that has a simple and classic menu with bold flavours. Every dish is made from fresh and impeccably sourced ingredients like high welfare beef, free range chicken and eggs and sustainably sourced seafood.
The pizza dough is made fresh on-site and baked to perfection. You can enjoy a range of classic sourdough pizzas, while a healthy whole grain dough has also been specially created for the Middle East. In addition, a customised menu has been created, incorporating the multi-cultural vibe of Dubai with dishes like Paneer picante pizza, Chicken tikka pizza and Masala lemonade.
With a relaxed neighbourhood feel, Jamie Oliver’s Pizzeria is a true celebration of the ‘Italian way of eating’ where families and friends come together and enjoy delicious, authentic food.
Whether you’re looking for a quick breakfast, an easy lunch or somewhere to relax with friends and family, our Pizzerias are comfortable, convenient and affordable. Pop in today and enjoy, what we think is, one of the best pizzas in town.
Saturday – Wednesday – 8:00 am to 10:30 pm
Thursday – Friday – 8:00 am to 11:30 pm
Location – Jumeirah Lake Towers, Cluster R
Follow us on Facebook & Instagram: @JamieOliversPizzeriaGCC
Bombardier (TSX: BBD.B) today reported its second quarter 2018 results, including strong earnings growth, margin expansion and improving cash usage. The Company continues to make solid progress executing its turnaround plan and confirmed that it is on track to achieve its 2018 guidance and 2020 targets.
“We continue to make solid progress executing our turnaround plan and positioning the company for the future,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “With our heavy investment cycle largely behind us, our focus is now on ramping-up production and improving operational efficiency to accelerate growth. You can see this in our solid second quarter results.”
Bombardier’s revenues stood at $4.3 billion for the quarter, a 3% increase over the same period last year. This increase was largely driven by a strong, 11% growth at Transportation, which saw growth across all segments including rolling stock and systems, services and signaling. The Company’s cash flow usage was approximately $370 million for the quarter, in-line with the full-year plan. The reported free cash flow of $232 million includes approximately $600 million net proceeds from the sale of the Downsview property, which closed on schedule earlier in the quarter.
EBIT before special items grew 18% year over year to $271 million, while EBITDA before special items grew 7% to $336 million. EBIT margin before special items(2) continued to improve, reaching 6.4% on a consolidated basis. Margins were at or above 8.5% for Transportation, Business Aircraft and Aerostructures and Engineering Services.
Order backlogs remain strong across the Bombardier portfolio. Transportation reported a book-to-bill ratio(5) of 1.1 for the quarter, leading to a $34-billion backlog and demonstrating its strong competitive position in markets around the word. Business Aircraft took advantage of an improving business jet market to grow its industry-leading backlog by $200 million during the quarter, to $14.1 billion. Commercial Aircraft won orders for a total of 35 CRJ Series aircraft equipped with the new ATMOSPHÈRE cabin and for 16 Q400 aircraft.
Bombardier also concluded a number of key strategic actions in the quarter, including closing the Airbus partnership ahead of schedule. The partnership combines the best aircraft in the 100-150 seat class with Airbus’ global scale and reach. New orders from JetBlue and the start-up airline led by David Neeleman clearly demonstrate the value-creating potential of the partnership.
Bombardier also solidified its leadership position in large cabin business jets with the launch of the new Global 5500 and Global 6500 aircraft, and by increasing the range, takeoff and landing performance of the Global 7500 aircraft.(6) Certification of the Global 7500 business jet is expected shortly, followed by first delivery and entry-into-service before year-end. With the best product portfolio, market leading deliveries and the largest backlog in the industry, Bombardier is the premium brand in business jet. READ MORE.
Room 201, Second Floor, Nexus Business Services, Daughters of Al Otaiba Building, Khalifa St. PO Box 105075, Abu Dhabi, United Arab Emirates
Telephone No. +971 2 626 8663 | Email: email@example.com