Shurooq showcases its approach to hospitality projects in ITB Berlin


BERLIN: Sharjah Investment and Development Authority (Shurooq), marking its 15th participation, has presented its pioneering approach to hospitality and commitment to sustainable tourism to over 90,000 global attendees of the ITB Berlin, which was held from March 5-7. Building on its legacy of developing cultural and eco-friendly tourism, Shurooq spotlighted its diverse portfolio of hospitality and projects, reinforcing its position as a leader in the global travel industry.

As part of a Sharjah Government delegation led by the Sharjah Commerce and Tourism Development Authority (SCTDA), the authority designed a unique stand to bring the ‘Shurooq EssSense’ to the world through an exceptional visitor experience. Aided by interactive technologies, visitors to Shurooq’s stand went on a sensory journey through a collection of the entity’s marquee hospitality projects and destinations that epitomise Shurooq’s commitment to authenticity and cultural heritage preservation, namely ‘Mleiha Archaeological Centre’, ‘Al
Noor Island’, ‘Kingfisher Retreat’, and ‘The Chedi Al Bait, Sharjah’. While also focusing on other unique projects such as ‘LUX* Al Jabal Resort’, ‘LUX* AL Bridi’, and Sharjah Collection including ‘Al Badayer Retreat’, ‘Al Faya Retreat’, ‘Moon Retreat’, ‘NOMAD’, and ‘Najd Al Meqsar’.

Shurooq also highlighted its transformative strategies and responsible tourism initiatives, resonating with the event’s focus on shaping the future of travel.

Commenting on Shurooq’s participation, Ahmed Obaid Al Qaseer, CEO of Shurooq, stated: ‘ITB Berlin presented a strategic platform for us to showcase our ambitious projects and promote Sharjah as a leading tourist destination. Our focus was not only on highlighting the cultural, historical and natural treasures of Sharjah, but also on fostering sustainable tourism and recreational practices that benefit both visitors and the local community.’

As ITB Berlin encompassed 12 tracks across 4 stages in the Berlin Convention, Shurooq leveraged this diverse platform to engage with
industry stakeholders and showcase the transformative potential of its projects. Through strategic partnerships and investment opportunities, Shurooq aims to drive sustainable growth in the global travel industry while preserving the cultural heritage and natural beauty of Sharjah.

Source: Emirates News Agency

First Abu Dhabi Bank, Mastercard ink exclusive long-term global partnership


ABU DHABI: First Abu Dhabi Bank (FAB) and Mastercard have announced an exclusive long-term global partnership, building on their long-standing collaboration, in the Eastern Europe, Middle East, and Africa (EEMEA) region.

The landmark deal spans four markets – the UAE, Saudi Arabia, Oman, and Egypt – and will see the market leaders join forces to further fuel the region’s digital payments ecosystem.

The large-scale collaboration will enable FAB to drive accelerated growth and innovation in the UAE and scale expansion plans in international markets. The partnership will deliver unique and disruptive products, services and solutions that are customized for the bank’s priority consumer, SME and commercial segments, offering them more choice, flexibility and benefits.

The partners will harness new frontier technologies such as Artificial Intelligence (AI) to revolutionize the customer experience and drive efficiency, harnessing Mastercard’s global expertise and the power of Mastercard’s Global Center for Advanc
ed AI and Cyber Technology, which is based in the UAE.

With shared value creation at the heart of the partnership, Mastercard and FAB will develop initiatives and strategic programs as one unified team. The strategic partnership unlocks new ways of working that will enable closer day-to-day collaboration and a shared focus on long-term strategic growth.

‘FAB and Mastercard share a commitment to spearheading excellence while keeping our customers at the heart of everything we do. We are delighted to deepen our partnership as we consolidate our portfolios, harnessing Mastercard’s innovative product capabilities, differentiated service offerings and unique partnership approach. We are excited to usher in this new era to accelerate our growth and advance digital transformation across the region,’ said Futoon Al Mazrouei, Group Head of Consumer Banking, UAE, FAB.

‘At Mastercard, we are working side by side with leading ecosystem players to power economies, boost financial inclusion and build a sustainable, conn
ected world where everyone can thrive. Our global collaboration with FAB represents a significant milestone on our shared journey of innovation and growth. We thank the bank for their partnership and look forward to leveraging our complementary strengths to drive disruption and redefine the payments landscape together,’ said Khalid Elgibali, Division President, Middle East and North Africa, Mastercard.

Source: Emirates News Agency

Sharjah Chamber, Sharjah Real Estate Department discuss future plans for Sharjah Real Estate Exhibition


SHARJAH: The Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Real Estate Registration Department (SRERD) have discussed future plans to upgrade the forthcoming ‘Sharjah Real Estate Exhibition- ACRES,’ build on its past successes, and broaden the spectrum of local and international engagement.

During a meeting held at the SCCI headquarters, both sides explored avenues for reinforcing the exhibition’s leading position as one of the biggest events in the regional real estate sector and amplifying its contribution to the ongoing developments of the real estate landscape in the Emirate of Sharjah.

Present at the meeting were Abdullah Sultan Al Owais, Chairman of the SCCI, and Abdul Aziz Ahmed Al Shamsi, Director-General of the SRERD, as well as Mohammad Ahmed Amin Al Awadi, Director-General of the SCCI. Also present were Saeed Ghanem Al Suwaidi, Chairman of the Representative Committee of the Real Estate Sector Business Group; Ibrahim Rashid Al Jarwan, Director of SCCI’s Economic Relations Depart
ment, and Omar Yaqoub Al Mansouri, Director of Branches Department, SRERD.

During the meeting, discussions revolved around the future growth prospects of “ACRES,” strategic visions, and development proposals. They also reviewed the event’s accomplishments during its 2024 edition, which featured real estate transactions amounting to AED1.4 billion contributed by projects from local and international participants.

This marked an impressive growth rate of 202.4 percent compared to last year’s edition, with a notable public turnout of approximately 13,000 visitors, comprising Emiratis, residents, investors, businessmen, and representatives from both private and public real estate institutions.

Abdullah Sultan Al Owais commended the successive successes and sustained progress of the Sharjah Real Estate Exhibition, recognising its achievement in securing significant real estate transactions and drawing thousands of attendees, ranging from visitors and businessmen to investors and property developers.

He emphasi
sed that the meeting delved into innovative proposals, visions, and future plans geared towards improving the exhibition’s performance in the forthcoming edition in line with Sharjah’s booming real estate sector.

‘We look forward to bolstering the event’s contribution to advancing the gains of the real estate sector in the emirate and enhancing its role in the GDP, thereby furthering its developmental ambitions,’ Al Owais said.

Abdul Al Shamsi highlighted that the meeting was timely. It reflected the deepening strategic partnership with the Sharjah Chamber and underscored a united commitment to bolstering the real estate sector in the Emirate of Sharjah.

He stressed that the Sharjah Real Estate Registration Department is keen to intensify its collaborative efforts with the Sharjah Chamber to enhance “ACRES” position as a premier platform that brings together decision-makers, top-tier institutions, and major investors from the global and regional real estate sectors in one consolidated venue.

During the ev
ent, discussions touched on the Sharjah Executive Council’s directives and recommendations concerning the operational strategies aimed at evolving the exhibition and amplifying its achievements.

Key topics included improving the satisfaction levels of attendees and participants, expanding participation from domestic and international stakeholders, diversifying innovative display methods, and intensifying the events accompanying the exhibition. These include workshops, training courses, and dialogue sessions designed to bolster awareness about real estate investment and pertinent laws governing real estate affairs.

Source: Emirates News Agency

Burjeel Holdings net profit increased by 52.4% to AED 540 million in 2023


ABU DHABI: Burjeel Holdings PLC announced a 15.6 percent increase in annual revenue to AED 4.5 billion, while net profit increased by 52.4 percent to AED 540 million in 2023, supported by significant revenue growth, increased operational efficiencies, and reduced financing costs.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.7 percent to AED 1 billion in 2023, with profit margin increasing to 22.8 percent, reflecting the subsequent change in the mix of services offered in the field of complex and highly specialised care, as well as the increase in growth assets.

Burjeel Holdings Group has made significant progress in its strategic ambitions to strengthen its assets to maintain high growth levels, expand its healthcare infrastructure, and increase patient revenue by providing advanced, highly specialised care.

The group continued to implement its geographic expansion strategy with the launch of the PhysioTherabia rehabilitation network in Saudi Arabia. It opened 8
new centres in March 2024 in Riyadh, Jeddah, Dammam, Khobar, and Yanbu, which significantly expanded its geographical reach throughout the Kingdom, in addition to four leading physiotherapy centres that opened in Riyadh in 2023.

Burjeel Holdings plans to develop the PhysioTherapia network offerings with the aim of opening 60 centres by the end of 2025.

Burjeel Holdings’ expansion plan over the next two years also includes the launch of two specialised day surgery centres in Riyadh, which will then be expanded across the Kingdom to tap into the increasing demand for world-class medical care among resident and tourist populations in the Kingdom of Saudi Arabia.

Dr Shamsheer Vayalil, Founder and Non-Executive Chairman of Burjeel Holdings, commented, ‘Burjeel’s recent investment in state-of-the-art Da Vinci robotic surgical system and Novalis accreditation for its radiation oncology practice are just two examples of our progress in innovation.’

John Sunil, Chief Executive Officer of Burjeel Holdings, said, ‘2
023 has been another remarkable year of progress for Burjeel Holdings. Our robust top-line and bottom- line growth, as well as our impressive operational performance, demonstrated the success of our strategy. Burjeel Holdings delivered revenue of AED 4.5 billion, up 16 percent from the previous year, and EBITDA of AED 1 billion, up 18 percent. Our flagship facility, Burjeel Medical City, recorded an impressive 37 percent revenue growth, demonstrating our super-specialty segment’s strength. The Group’s total patient footfall substantially increased by 9 percent, reflecting our investment in advanced care and our ability to drive cross-group referrals.”

Source: Emirates News Agency

EGA Youth Council, Ministry of Industry and Advanced Technology host youth circle to foster leadership capabilities in industry


ABU DHABI: Emirates Global Aluminium (EGA) Youth Council and the Ministry of Industry and Advanced Technology (MoIAT) hosted a youth dialogue on future industrial leadership for young professionals from leading UAE industrial companies.

MoIAT’s Assistant Undersecretary of Industry Accelerators, Osama Amir Fadhel, participated in the session held at EGA’s Jebel Ali facilities.

The event brought together representatives from the Federal Youth Authority, Abu Dhabi Youth Councils, and leading industrial companies including Mubadala Investment Company, Abu Dhabi National Energy Company PJSC (TAQA), DP World, Emirates Steel Arkan, AD Ports Group, Emirates National Oil Company Group (ENOC), Tawazun Industrial Park, Yahsat, and EDGE Group.

Discussions focused on the crucial role of young talent in achieving the UAE’s “Operation 300bn” industrial growth strategy and exploring collaborative opportunities.

Osama Amir Fadhel, Assistant Undersecretary of the Industry Accelerators Sector at MoIAT, said, ‘The industry a
nd advanced technology sectors attract skilled local talent who contribute to the UAE’s vision for economic growth and innovation. The Ministry is committed to empowering the leaders of tomorrow, providing them with opportunities to grow and thrive in line with the objectives of Operation 300bn to advance the sector, enhance its competitiveness, and promote its expansion through the adoption of advanced technologies.’

Khalid Essa Buhumaid, Senior Vice President Government Relations at Emirates Global Aluminium, said: ‘EGA’s Youth Council brings together young people both from within our company and beyond to drive change and create the future. The young people at today’s Youth Circle are the industrial leaders of tomorrow. They will inherit great achievements, and build on them much further.’

Hala Alhashmi, Chair of EGA Youth Council and Product Owner in the Digital Transformation and Industry 4.0 Department, said, ‘Today’s Youth Circle between UAE industrial companies has highlighted the crucial role and
responsibility of young people in shaping the future of UAE industry. Working closely with our peers across industry will enable us to accelerate our progress and achieve even greater success in industrial growth for our nation.’

In 2022, the EGA Youth Council organised the first ‘Youth in Manufacturing and Technology Forum’ to discuss Operation 300bn objectives and UAE Centennial 2071 plan. The council hosted and engaged in numerous events in 2023, focusing on empowering young employees and giving them a voice in the company. Founded in 2018, the EGA Youth Council aims to develop leadership skills among youth for future success.

Source: Emirates News Agency

UAE champions women’s empowerment on International Women’s Day


ABU DHABI: Tomorrow, the UAE will celebrate the annual International Women’s Day to highlight its support for women, their empowerment, and advocacy for their rights globally and regionally.

The UAE leadership gives high importance to women’s issues and empowerment in economic, political, and social spheres, considering them crucial partners in overcoming challenges and achieving holistic development.

This year’s International Women’s Day coincides with the UAE’s ongoing efforts to introduce initiatives, programmes, and strategies to elevate women’s status and strengthen their role in various communities.

The UAE’s efforts to support women are notably represented by the initiatives of H.H. Sheikha Fatima bint Mubarak, the Mother of the Nation, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), who is a leading advocate for women’s issues globally.

Over many years, Sheikha Fatima ha
s sponsored, chaired, and supported a series of specialist regional and international conferences aimed at empowering women and enhancing their stature, such as the World Conference on Women in Mexico in 1975 and Copenhagen in 1980, and the 3rd Regional Conference on Women in the Gulf and the Arabian Peninsula in Kuwait in 1981.

The country hosted the same conference in Abu Dhabi in 1984 and the 11th Arab Conference for Arab Female Guides in Abu Dhabi at the end of 1988.

Sheikha Fatima’s sponsorship of women gradually took on a more specialist and comprehensive character, as she has led conferences covering the topics of women in technology, women and media, elderly care, businesswomen, women and humanitarian security, and other related areas. She was also one of the founding members of the Arab Women Organisation (AWO), as well as the Arab Women Summit, and sponsored the establishment of the Arab Family Organisation, which is based in the UAE.

Under the gracious patronage of Sheikha Fatima, the UAE hosted
, in October 2019, a ceremony and seminar to launch the Arab Charter on Women’s Rights, organised by the Federal National Council (FNC), in collaboration with the Arab Parliament.

The UAE’s efforts have been pivotal in issuing and adopting many historic international initiatives, decisions, and draft resolutions whose positive impacts extend to women around the world. Most notable is COP28, which was recently held in the country and showcased women’s contributions to climate change issues. The Gender Equality Day at COP28 witnessed the announcement of a new partnership aimed at achieving an organised, responsible, fair, and logical transition in the energy sector while considering gender equality, supported by more than 60 parties.

In early March 2023, the Ministry of Foreign Affairs and the United Nations (UN) Women Liaison Office for the Gulf Cooperation Council (GCC) countries launched, under the patronage of Sheikha Fatima known as the ‘Climate Change and Gender Equality’ initiative.

Last October, the
UN Human Rights Council, with the participation of both the UAE and the UK, adopted a draft resolution on achieving equality and ensuring every girl’s right to education.

Last June, the UAE announced an additional US$15 million contribution to UN Women from 2023 to 2025.

Currently, the UAE holds, for the second time, an executive membership in UN Women from 2023 to 2025, having been elected as a member of the council from 2013 to 2019 and after becoming its president in 2017. The UAE has provided more than $46 million in voluntary contributions to UN Women.

Women’s empowerment in peace and security is one of the UAE’s top priorities during its membership in the UN Security Council for 2022-2023.

In partnership with UN Women, the UAE launched, in 2019, the ‘The Sheikha Fatima bint Mubarak Women Peace and Security Initiative,’ which graduated hundreds of recruits from the Arab region, Africa, and Asia, with the aim of achieving full, equal, and effective women’s participation in the security sector.

Last A
pril, the UN Security Council unanimously adopted a resolution drafted by both the UAE and Japan, as co-penholders for the Afghanistan file, condemning the Taliban’s decisions to ban Afghan women from working for the UN in the country.

Looking back at the past few years, the UN Human Rights Council unanimously adopted, in June 2017, a draft resolution presented by the UAE during the council’s 35th session in Geneva regarding the right of girls to education.

Since the establishment of the country in 1971, the UAE has been keen to join international conventions that address women’s issues and protect their rights.

Source: Emirates News Agency