Gemological Institute of America to move into DMCC’s Uptown Tower in Dubai

DUBAI, DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced that the world’s foremost authority on diamonds, coloured stones, and pearls, the Gemological Institute of America (GIA), will establish a new laboratory to serve the global gem trade in DMCC’s new Uptown Tower, occupying two floors in a nine-year deal.

The new GIA laboratory, set to open in mid-2023, will occupy over 41,000 square feet, and would see up to 500 skilled new jobs created in DMCC’s business district.

The tower’s 22 floors of grade-A premium office space are now substantially pre-leased ahead of the tower’s completion in Q4 2022. Uptown Tower topped out in January this year, with construction currently completed and the tower in its testing and commissioning phase.

The announcement reaffirms Dubai’s status as a leading hub for the global diamond industry, with the emirate significantly accelerating its diamond trade growth over recent years. The UAE recorded US$11 billion worth of rough and polished diamond trade in Q1 this year, a 36% year-on-year increase.

The UAE is currently the world’s largest rough diamond trading hub and is quickly closing in on the market leader for polished stones as well. GIA’s new laboratory is expected to support growth in this important polished diamond segment.

Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said, “We are immensely proud to be hosting GIA in DMCC’s Uptown Tower, Dubai. Representing a truly world-leading commercial, residential and retail offering, Uptown Tower has commanded significant interest from international and local businesses, as shown by the substantial office space pre-leased so far. Adding the GIA to our business district further solidifies and forges our strategy of building an interconnected business community that supports and encourages global trade.”

Tom Moses, GIA executive vice president and chief laboratory and research officer, said, “The growing importance of Dubai as a diamond centre and its outstanding infrastructure make the DMCC an excellent choice for a significant expansion of GIA’s capacity.”

“Dubai’s proximity to the important diamond manufacturing and producing centres, in addition to efficient transportation links to global diamond markets, will help support our clients and, very importantly, extend our important consumer protection mission.”

Source: Emirates News Agency

ADIB’s digital banking platform for corporates sees double-digit growth

ABU DHABI, Abu Dhabi Islamic Bank (ADIB) on Tuesday announced that it has seen double-digit growth in the adoption of its digital banking platform for businesses over the past three years, indicating a rise in customers preferring to make transactions online than at branches.

Aimed at corporations of all sizes, ADIB Direct is a secure and centralised platform that integrates a suite of banking solutions into a single, streamlined interface. Businesses do not need to visit a branch to use the service. The platform is available on the web, mobile and smart watch devices.

Since its introduction in 2019, ADIB Direct has benefited 22,588 MSMEs (micro, small and medium enterprises), bringing the number of customers using this service to 23,789. The adoption of the platform has been growing massively year-on-year with 88% growth in number of transactions on ADIB Direct. Additionally, the number of branch transactions fell from 33% in 2019 to 14% in 2022.

ADIB is committed to delivering digital banking innovations that offer convenience and ease. Businesses can access the service assuring that they can make payments safely with two-factor authentication and virtual tokens for approval. 700,000 ADIB customers are now digitally enabled across ADIB’s online banking platforms.

Business banking customers using ADIB Direct can benefit from one central view of ADIB’s wide range of new banking features and improved functionality to manage their finances locally and internationally. These features include customisable dashboards, a working capital view, cashflow forecasting, and trade finance management, which are accessible across all devices including a mobile app.

Source: Emirates News Agency

Dubai Investments strengthens foothold in steel business with 25 years of Emirates Building Systems

DUBAI, Emirates Building Systems (EBS), established in 1997, as a subsidiary of Dubai Investments, and one of the leading manufacturers of steel structures in the Middle East, has successfully completed 25 years in the steel business, further strengthening Dubai Investments’ business portfolio in the steel business across the region and globally.

Capitalising on the technical expertise and an expanded product portfolio, EBS silver jubilee highlights underline a notable usage of more than 850,000 tonnes of steel for 6,200 projects in more than 50 countries. Being one of the leading manufacturers of steel structures in the Middle East, apart from being the market leader in UAE, the Company’s facilities extend over an area of 140,000m2 with an annual fabrication capacity of more than 75,000 tonnes.

“It is a remarkable achievement for Dubai Investments through its subsidiary Emirates Building Systems to mark this 25-year milestone within the competitive steel industry. Over the last 25 years, as a Group Company, Dubai Investments has focussed on leveraging innovation and resources to implement the best practices in manufacturing with a focus on improving productivity, optimising the supply chain and automating processes to serve optimally in the coming years,” said Abdulazeez Bin Serkal, CEO, Industrial Platform, Dubai Investments.

EBS’s commitment to quality and environmental standards has been recognised with ISO 9001:2015, ISO 14001: 2015, ISO 45001:2018 and CE marking certificate.

“As Emirates Building Systems makes a foray into regions beyond the Middle East, the company is drawing upon its reputation as one of the UAE’s leading manufacturers of steel structures. In addition to our business in the UAE and the Middle East countries, more than 40 percent of our products are exported to Africa and Asia markets, which hold immense potential and are lucrative markets for the steel business. We have made strategic business plans to expand and explore these opportunities and are expecting more than 75 percent of our business from these regions in the coming two years,” said Joseph Chidiac, General Manager, Emirates Building Systems.

The company’s projects portfolio consists of high-rise buildings, airports and metro railways, power plants, refineries, oil and gas structures, factories, bridges, logistics and distribution centres, warehouses, theme parks, poultries and dairy farms and car parks to name a few.

EBS has established a significant presence in the Gulf Cooperation Council countries, African markets such as Algeria, Libya, Ethiopia, Ivory Coast, Ghana, Nigeria, Mauritania, Senegal, Mali, Kenya and across Asian markets like Azerbaijan, Kazakhstan, Turkmenistan and Pakistan to name a few.

The company will continue to evolve with the region’s growth requirements, contributing to the “Made in the UAE” portfolio of products, thereby enhancing the manufacturing sector.

Source: Emirates News Agency

UAE President, VP congratulate President of Maldives on Independence Day

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has sent a message of congratulations to Ibrahim Mohamed Solih, President of the Maldives, on the occasion of his country’s Independence Day.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, also dispatched similar message of congratulations to President Solih on the occasion.

Source: Emirates News Agency

Mariam Almheiri inaugurates upgraded National Air Quality Platform

ABU DHABI, Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment, inaugurated an upgraded version of the National Air Quality Platform during a tour of the National Centre of Meteorology (NCM) in Abu Dhabi.

She was accompanied by Dr Abdulla Al Mandous, Director-General of NCM and President of the Regional Association II (Asia) of the World Meteorological Organization (WMO), and several senior employees of the Center.

Joining them on the tour were Asilah Abdullah Al Mualla, Director-General of the Fujairah Environment Authority, and representatives of the Environment Agency – Abu Dhabi (EAD), Dubai Municipality, and Ajman Municipality & Planning Department.

During the visit, the Minister inaugurated an upgraded version of the National Air Quality Platform, originally launched in September 2020. Accessible to the public, the revamped site provides a real-time overview of the current status of air quality in the UAE, monitored by a network of state-of-the-art stations spanning various residential, industrial, and rural areas as well as areas close to main roads. In addition to serving the community, the information available on the platform can benefit multiple sectors, including health and education. It also offers advice, particularly to sensitive groups, on mitigating the impact of air quality on human health.

Mariam Almheiri said, “Public health and environmental protection are strategic priorities for the UAE. Improving air quality is among the eight pillars of the UAE General Environmental Policy, which was approved by the Cabinet in November 2020 with the aim of enhancing quality of life, well-being, and prosperity in the country, and support the implementation of the UN Sustainable Development Goals (SDGs).

“The National Air Quality Platform is an accurate scientific reference that allows us to track the progress made by our national projects and initiatives aimed at increasing the AQI score to 100 percent by 2040. The launch of the upgraded platform in partnership with NCM seeks to educate the concerned entities and the community on a very important issue that is closely linked to public health,” she added.

Dr Al Mandous said, “This joint strategic project between NCM and the Ministry of Climate Change and Environment reflects the great commitment to the UAE public health, as it enhances awareness of air quality and its impacts on health. The second version of the platform contributes to reformulating many practices and developing innovative tools and projects aimed at enhancing air quality, which will have a positive impact on the environment and protect it from harmful airborne pollutants.

“At NCM, we are committed to supporting all national efforts aimed at preserving the environment as a primary priority for our wise leadership. Also, we will continue to work alongside our various partners to develop initiatives that serve the objectives of the UAE General Environmental Policy and thus contribute to the promotion of quality of life in the UAE. NCM will also ensure ease of accessibility for all community members to the air quality database across the UAE,” he added.

The National Air Quality Platform, available on NCM’s official website, features the Air Quality Index (AQI), a simplified color-coded representation of data collected from each air quality monitoring station. The AQI is based on measuring the levels of five major pollutants – carbon monoxide (CO), nitrogen dioxide (NO2), sulfur dioxide (SO2), ground-level ozone (O3), and particulate matter with a diameter of 10 microns or less (PM10). The index uses a scale of 0 to 500, with 500 representing the highest level of air pollution. The lower the number, the cleaner the air.

The upgrade of the platform followed a series of consultation sessions with end users, a review of international best practices in this space, and benchmarking against similar sites. Based on the results, the data was simplified and displayed in a more user-friendly manner to make it easier to comprehend for the public. In addition, the site now features recommendations for outdoor activities based on air quality on any given day.

Users can check air quality according to area and learn about the health risks associated with each air pollution level, categorized by colors. Green indicates that air quality is suitable for exercise and other outdoor activities for all individuals. Yellow indicates that air quality is acceptable to most individuals, however, prolonged exposure may be uncomfortable for people with respiratory diseases or those performing strenuous outdoor activities, such as sports or physical labor. Orange indicates that members of sensitive groups may experience minor negative health effects if they exercise or perform strenuous activities in the outdoors, while healthy groups won’t be affected. Red indicates that air quality may affect healthy individuals exercising or performing physical labor outdoor, with increased impact on members of sensitive groups. Meanwhile, purple indicates that the entire population is likely to be affected, with the recommendation to avoid outdoor activities, and burgundy indicates a serious threat to the health of the entire population, with the recommendation to stay indoors.

During her tour of NCM, Almheiri visited the Science Dome, an immersive 4D model that simulates weather and seismic phenomena using meteorological and climatic data and geophysics to explain the science behind them to the public in an innovative way. It features state-of-the-art technologies, special effects, a 6K projection system, and custom media.

Historically, air quality has been among the UAE’s main priorities due to its health, economic, and environmental impacts. The country has paid special attention to this issue, selecting raising air quality levels as one of the objectives of the UAE Centennial 2071, and including it among the priorities of the UAE General Environmental Policy.

Source: Emirates News Agency

UAE President, VP congratulate President of Liberia on Independence Day

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent a message of congratulations to Liberian President, George Weah, on the occasion of his country’s Independence Day.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, dispatched a similar message of congratulations to President Weah on the occasion.

Source: Emirates News Agency