Aalmeen News https://english.aalmeen.com Mon, 20 Jan 2020 12:43:14 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.3 Samana Developers Assures 24% Rental Returns to Buyers for its $54.4 Million Projects https://english.aalmeen.com/samana-developers-assures-24-rental-returns-to-buyers-for-its-54-4-million-projects/ https://english.aalmeen.com/samana-developers-assures-24-rental-returns-to-buyers-for-its-54-4-million-projects/#respond Mon, 20 Jan 2020 12:43:14 +0000 https://english.aalmeen.com/?p=34750 Samana Developers, a Dubai-based boutique real estate developer, has announced a 24% guaranteed rental returns for its US$ 27.2 million Samana Hills and the same US$27.2 million Samana Greens projects located in Arjan, Dubailand, near a major tourist attraction, Dubai Miracle Garden.

The generous 24% yield makes Samana Developers projects attractive for end-users and investors alike. The easiest to avail 10% down-payment and over 90 months installment scheme makes it simple for the investor to pay and earn rental yields. In addition, investors are particularly interested in the 8% net return that is given by the developer once the unit is fully paid.
The higher than banking lenders’ return makes Samana Hills and the almost complete Samana Greens projects a highly lucrative proposition for investors at much sought-after locations in Dubai.
The five-storyed Samana Hills project has a mix of studio, one and two bedroom apartments that will be delivered by the fourth quarter of 2021. With studio apartments starting from Dh399,000 and one bedroom units from Dh599,000.
The new lucrative offering is for Samana Hills resort-style residential project and for the award-winning Samana Greens – a sustainable, energy-efficient and environment-friendly project –   which has received high levels of investor interest due to their prime location in close proximity to tourist attractions, international schools and the largest private hospital in the city of Dubai. Arjan is Dubai’s new neighbourhood with a lifestyle living and to easy access to the metropolitan.
Alan James Gammon, General Manager of Samana Developers, said: “We have a buyer-focused business model, with a win-win approach. Our 24% per cent guarantee of rental returns is hard to compete in Dubai’s real estate market which only a mature and sustainable developer can offer. Our sustainable business approach reflects our commitment to buyers in particular, and to the Dubai’s real estate market in general.”
In addition the award-winning G+4 Samana Greens project comes with ample parking space, landscaping and other associated facilities with a built-up area of 508,666 square-feet. The residential project brings several retail outlets, luxurious sauna and gymnasium, comfortable shopping area, ample parking and play area for children whilst being built to the largest green standards helping to reduce the carbon footprint.
“We plan to continually develop new resort-style projects in the most sought-after locations of Dubai that will have attractive and affordable payment schemes whilst delivering quality and eco-friendly living”, Alan concluded.
Dubai Expo 2020 Impact
More positive market sentiment is expected due to direct and indirect drivers impacting tourism, business and the overall economy as Expo 2020 kicks off during the fourth quarter. 300,000 jobs are likely to be created due to Expo 2020, according to a December 2019 market report by ValuStart, the Middle East’s leading provider of market advisory.

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C Central Resort The Palm Welcomes 2020 with its Grand Opening in Dubai https://english.aalmeen.com/c-central-resort-the-palm-welcomes-2020-with-its-grand-opening-in-dubai/ https://english.aalmeen.com/c-central-resort-the-palm-welcomes-2020-with-its-grand-opening-in-dubai/#respond Mon, 20 Jan 2020 11:00:03 +0000 https://english.aalmeen.com/?p=34739 Luxury beachfront living at its finest

Luxury five-star hotel C Central Resort The Palm marks the beginning of 2020 with a milestone event – its grand opening in Dubai. With VIP guests and media gracing the grand ceremony, a press conference, media tour and sumptuous buffet at its Waves restaurant were the highlights of the momentous event.

A 203-key luxury beachfront hotel with magnificent views of the Arabian Gulf, C Central Resort The Palm  is strategically located in Dubai’s iconic man-made island, home to some of Dubai’s top luxury resorts – the Palm Jumeirah. One of the world’s most daring developments, the Palm Jumeirah in Dubai is a haven for adventure seekers, honeymooners and family vacationers.

“We are pleased to launch C Central Resort The Palm, a rare gem that sparkles in the sea, where guests can truly experience privacy and beach-front living, unwind and enjoy spectacular views of the ocean,” says Mr. Abdulla Al Abdulla, Chief Operating Officer of Central Hotels. “The epitome of luxury beachfront living, imagine waking up to soft lapping waves of the sea, early morning strolls with sand on your toes and an endless vista of the ocean as far as your eyes can see. This is what we want our guests to feel, a place by the sea they can call home, where they can just be themselves, one with nature, then come back recharged and refreshed.”

“Our top clients are travelers and tourists from the CIS market, as well as guests from GCC & Middle East, Southeast Asia, Far East Asia, Europe and Latin America,” adds Basel Eshak Butrs, General Manager of C Central Resort The Palm.

The five-star property offers guests luxury beachfront living with striking views from nearly every room. Each room is equipped with floor to ceiling glass with balconies that enables you to look out over a sweeping ocean view of the Gulf and the exciting Dubai skyline. An inspiring display of sea, sky, and light.

Featuring 192 spacious and well-equipped rooms, 11 stunning suites, four distinctly themed F&B outlets, a world-class spa & wellness centre, and a state-of-the-art gym, C Central Resort The Palm exemplifies a grand canvas of contemporary sophistication and luxurious tranquility.

Both leisure and business travelers are in for something new & exciting. Within close proximity to prominent business districts, top attractions and the airports, the new hotel is the perfect address for modern travelers.

Gourmet dining, fresh seafood and locally-sourced ingredients are at the core of the dining options such as at Waves restaurant, an all-day dining concept that lets you feast on the choicest cuisine. Coffee and tea lovers can have their heart’s content at Barista’s Corner. C Grill Restaurant and Bar, a modern steakhouse excites your palate with perfect succulent steaks accompanied by fine beverages. Mojito Pool Bar at the beach side is where guests can chill, relax and watch the sunset while sipping on enticing beverages. Guests can also choose to have their food delivered straight to their rooms with discreet in-room dining or surprise your partner with a candle lit romantic dinner. To complete the luxury experience, you can unwind at the Away Wellness Centre, try the Signature 4 Hands spa treatment where you can lose yourself in bliss. Stay fit & strong with the fully-equipped gym where you can exercise in peace facing the ocean. Get your pulse racing, with speedboat rides, cruising around the Palm Jumeirah and pausing for an Insta-worthy shot.

For business meetings and events, C Central Resort The Palm can take care of all the details, book meeting rooms suitable for a wide variety of events from executive board meetings to corporate team building workshops, conferences, seminars, product launches as well as intimate weddings.

Mr. Abdulla Al Abdulla concludes: “Central Hotels is proud to welcome the newest addition to our growing portfolio of four-star and five-star properties in the Gulf region. With four existing hotels in prime locations – Business Bay, Barsha Heights and here at The Palm Jumeirah, and two in development in City Walk and in Deira Island, we foresee a bright future and robust growth.”

Launched in 2015, Central Hotels, headquartered in Dubai, is one of the fastest growing hospitality management companies in the UAE. It was established to cater to both leisure and business travelers looking to experience the best of Arabian hospitality in the heart of the city.

To book your hotel stay call +971 4 873 5500 or email reservations.ccr@central-hotels.com.

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The 10th edition of Abu Dhabi Science Festival returns to Abu Dhabi on January 30th https://english.aalmeen.com/the-10th-edition-of-abu-dhabi-science-festival-returns-to-abu-dhabi-on-january-30th/ https://english.aalmeen.com/the-10th-edition-of-abu-dhabi-science-festival-returns-to-abu-dhabi-on-january-30th/#respond Mon, 20 Jan 2020 10:54:12 +0000 https://english.aalmeen.com/?p=34731 ADEK announced today the launch of the 10th edition of the Abu Dhabi Science Festival, ADSF, one of the biggest events of its kind in the region that brings exciting educational activities in the STEAM fields for children and adults. Held from 30th January to 8th February 2020, the festival aims to contribute to promoting the spirit of discovery among future generations.

As in previous editions, the festival will be held at A’l Bahar, Abu Dhabi Corniche, Al Jahili Park in Al Ain and City Mall at Al Dhafra. On the Corniche, more than 80 young innovators are expected to present their projects and 20 signature innovations will be showcased. In addition, 75 workshops and scientific activities will be organised in Abu Dhabi and over 19,440 students are expected to attend. At Al Jahili Park, 8,280 students will be participating in 20 interactive workshops while 1,440 students will take part in five interactive workshops in Al Dhafra City Mall. At least 120,000 visitors are expected overall to attend the Festival’s fascinating events.

The Abu Dhabi Science Festival will be open for school students from 9:00 am to 1:00 pm and then from 4:00 pm to 10:00 pm on weekdays, and from 2:00 pm to 10:00 pm at weekends for the public.

ADSF kicks off to coincide with the UAE Innovation Month, whereby ADEK coordinates all government bodies’ activities in the Emirate of Abu Dhabi related to innovation, thus contributing to creating an environment that promotes innovation, excellence and a process of strategic initiatives implemented by governmental, academic, and private sector institutions, in coordination with the Mohammed bin Rashid Centre for Government Innovation in the Prime Minister’s Office at the Ministry of Cabinet Affairs and the Future.

The UAE Innovation Month strengthens the country’s position as a centre for innnovation. For this one month every year, ADEK gathers government bodies and young entrepreneurial innovators under an inspirational umbrella, showcasing initiatives by providing a platform that promotes innovation in all disciplines.

During the opening speech, H.E. Amer Al Hammadi Acting Undersecretary at ADEK, emphasised that UAE Innovation Month enjoys excellent support and continued attention from the UAE’s wise leadership, led by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and their brothers Their Highnesses the Members of Federal Supreme Council and Rulers of the Emirates.

His Excellency especially expressed his appreciation of a leadership that encourages and inspires innovation. He highlighted the UAE’s keenness to implement strategic initiatives that develop and promote a culture of innovation among the younger generations.

H.E. Amer Al Hammadi declared: “For over 10 years now, we have been proud to organise the Abu Dhabi Science Festival, the strategic initiative by ADEK that is in accord with the Abu Dhabi plan and its aspirations, the UAE’s National Innovation Strategy (NIS), and the UAE Centennial 2071. This year, the United Arab Emirates celebrates ‘2020: Towards the next 50’, and ADEK is looking forward to continuing to organise this important annual initiative as it contributes to developing human capital in science, technology, engineering, arts, and mathematics. It introduces these mind-opening fields to children and the public in an interactive way that fosters their interest and encourages the nation’s youths to expand their learning horizons, complementing the state’s efforts to prepare a new generation of distinguished and talented youngsters as it transitions to a competitive and innovative knowledge-based economy.”

His Excellency thanked the various government organisations and bodies, private sector institutions, innovators, partners, and the media in the country for their contributions during UAE Innovation Month, explaining that ADEK’s mission to provide strategic initiatives leads to students enhancing their skills and becoming motivated to apply creativity and innovation to the world of science.

Shatha Al Hashemi, Director of the Mohammed bin Rashid Centre for Government Innovation, stated: “Organizing the UAE Innovation Month embodies the directives of the UAE leadership to adopt innovation as a work ethic and a culture of life in society. Over the past years as the month has enhanced the participation of individuals in providing innovative ideas that enrich government knowledge in a way that supports achieving the goals of the UAE Government’s Vision in developing current methodologies, employing future tools and the latest technologies in preparation for the next fifty years.

The cooperation between the MBRCGI and ADEK in organizing qualitative events during the month, kicked off by the innovative platform of the Abu Dhabi Science Festival to enrich students’ experiences, supports the goals of the UAE Innovation Month while inspiring and encouraging the community to provide innovative solutions to various challenges.”

Engineer Sanad Humaid, official spokesperson of ADSF for ADEK, said: “We kick off UAE Innovation Month with the ADSF, one of the most important annual science festivals in the region, which includes exciting, interactive, and educational activities for all family members. The Abu Dhabi Science Festival inspires a spirit of discovery, innovation, and creativity in the fields of science, technology, engineering, arts and mathematics among the younger generation.”

Engineer Humaid called on students and the public to participate in ADEK’s range of interactive and educational activities designed to inspire the younger generation. In this way, he said, they will learn more about the initiatives and innovations of government, academia, private sector institutions and the inventors who will drive the next phase of growth.

Obaid Al Dhaheri, Dolphin Energy CEO, sponsor of ADSF, commented: “We have sponsored the Abu Dhabi Science Festival since its inception and in that time have seen this event inspire, influence and engage many thousands of children across the UAE. The festival encourages our future generations to develop a keen interest in science, technology, engineering, arts and mathematics and places creativity at the heart of their learning experience. We are proud supporters of the ADSF and will continue to support this event and the work undertaken to develop the country into a world class center for innovation.”

ADEK implements a range of innovative strategic initiatives, most importantly the ADSF, INNOVATOR 2020, the ‘Lema?’ (Why?) interactive programme for schools, and the Rize Enrichment Programs, a unique after-school program that teaches cutting-edge science, technology, engineering, arts and mathmateics (STEAM) subjects. These initiatives aim to provide a learning environment in Abu Dhabi that inspires the next generation to apply innovation and creative knowledge in various scientific fields.

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Art for Good Cause an Initiative by Artist Jibin George To Raise Awareness for a Cause https://english.aalmeen.com/art-for-good-cause-an-initiative-by-artist-jibin-george-to-raise-awareness-for-a-cause/ https://english.aalmeen.com/art-for-good-cause-an-initiative-by-artist-jibin-george-to-raise-awareness-for-a-cause/#respond Thu, 16 Jan 2020 15:42:26 +0000 https://english.aalmeen.com/?p=34718 “Not all of us can do great things. But we can do small things with great love –

― Mother Teresa

This year, artforgoodcause.com is making some electrifying new plans to work with new artists to expand the idea of creating a social impact around the world through art. The idea is multiple international art competitions to showcase artworks from emerging artists that talk about Global Warming, Youth and Tobacco and other profound causes.

The idea of backing new artists by showing their work is a great cause in its own right. But, what’s even more thrilling, effective, and rewarding is showing artworks that will also contribute to a good cause.

In 2019, Art For Good Cause organized an art competition with the support of Art Impact International Organization on the subject Protect Kids From Tobacco. The event was inspired by WHO Initiatives on anti-tobacco. There were 55 artworks from 9 countries and it was an amazing and inspiring event. You can see some of the artworks displayed on the artforgoodcause.com website.

Who initiated Art For Good Cause?

Art For Good Cause is an initiative by Jibin George a self-taught artist that began creating beautiful artworks since 2012. He is from India and it is currently living in Texas.

He has painted more than 100 portraits and he has done multiple exhibitions and workshops in the United States and India. In his work, he utilizes acrylics, oil, and graphite as is the best way to portray the subject, scene, and expressions in his artworks.

In 2019, he introduced the concept of Art For Good Cause. The initiative was developed as a way to used his creativity as well as art across the world to create social impact. His main reason is to motivate emerging artists and to create an international platform to showcase their talents. His mission is to help emerging artists find global recognition.

Art For Good Cause was created with the vision to make everyone understand the social impacts of hypocrisy. Jibin George, firmly believes that art is the best way to explain the feelings and emotions of people and to learn the culture and lifestyle around the world.

Jibin George chooses art as the platform to go ahead with this initiative as his favorite quote said- “A picture is worth a thousand words.”

Tobacco Warning:  Even Non-Smokers Are At Risk

  • Smoking or puffing a cigarette is a vice that literally enslaves millions of people around the world. It is amazing how a small roll of finely cut tobacco, enclosed in a thin, paper wrapper could cause so much addiction. More than just an addiction, smoking is a very serious health risk.  In fact, the World Health Organization says that smoking is responsible for at least five million deaths each year.  The WHO also estimates that at least 650 million people (the estimated total number of smokers around the world today) will eventually die due to tobacco-related diseases. The said agency also released strong warnings about smoking during pregnancy.  Pregnant women who smoke are at high risk of giving birth to premature or underweight babies. Some birth defects have been attributed to cigarette use. Smokers have been found to be overwhelmingly more prone to heart disease and respiratory problems compared with non-smokers.

In another study, the American Cancer Society pointed out that about 3,000 non-smoking adults die each year of lung cancer because of the effects of second-hand smoke. Second-hand smoke is a mixture of the smoke from the burning end of a cigarette, pipe, or cigar. The smoke exhaled by smokers is involuntarily inhaled by non-smokers. Second-hand smoke actually lingers in the air for several hours where a smoker puffed a cigarette.  Second-hand smoke, also known as Environmental Tobacco Smoke (ETS) is now considered by the US Environmental Protection Agency (EPA) as a cause of cancer, a classification that has long been made by various health and medical associations. Second-hand smoke contains formaldehyde, benzene, vinyl chloride, arsenic ammonia, and hydrogen cyanide — all of which are toxic or carcinogenic.  Cited below are some of the facts and important information about the risks of smoking and exposure to second-hand smoke:

  • One in two-lifetime smokers will die as a result of cigarette use;
  • The mixture of nicotine and carbon monoxide in each cigarette can increase blood pressure and heart rate;
  • Smoking is a leading cause of stroke and heart attack;
  • The tar coats your lungs like soot in a chimney and causes cancer;
  • It is a slow way to die. You may get emphysema, bronchitis, and other cardio-pulmonary diseases; and
  • Smokers are more prone to lung cancer, head and neck cancer, pancreatic cancer, esophageal cancer, colorectal cancer, stomach cancer, bladder cancer, cervical cancer, and even breast cancer.

Quitting smoking is a difficult undertaking that demands discipline and commitment.  Some can quit “cold turkey” while others need professional help and medication.  Nicotine replacements in the form of patches have also been released in the market to help smokers who want to stop their habit.

While smoking is, in reality, an addiction — there is help available.  Quitting this vice is a life-and-death issue.  Getting rid of tobacco will not only help decrease health risks, but it would also help spare non-smokers from the dangers of second-hand smoke.

Why Art?

Art can be both inspiring and intriguing. Every time we see beautiful art it awakens the creativity and beauty inside of us all. There is nothing more powerful than stunning works of art to make us think about deeper issues.

A great artwork can make people stop if even for just a couple of minutes, to have an emotional and inspiring experience. The amazing thing about this experience is that these emotions are re-lived every time we see that artwork again.

Now, you can see why art is the best path to raise awareness for a good cause. Art is one of the few things that can have a powerful and lasting emotion in people that makes them take action.

Just like music, artworks stick with us more than just words. Most artists are very conscious of this influence that art contains, which is the main reason why so many people choose art as a way to express themselves, make a statement, or promote movement for a cause.

As an artist, it is important to donate your time and talent to help raise awareness of important issues such as global warming and tobacco. With beautiful art, people can stop and think about ways to make the world a better place.

And, if you feel moved by any of the causes that art for good cause support, be sure to Art for good cause to find out how you can be part of the movement.

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Dussmann Gulf’s robotic machines making a buzz in town https://english.aalmeen.com/dussmann-groups-robotic-machines-making-the-buzz-in-town/ https://english.aalmeen.com/dussmann-groups-robotic-machines-making-the-buzz-in-town/#respond Tue, 14 Jan 2020 18:13:27 +0000 https://english.aalmeen.com/?p=34699 Technology is growing faster than ever. Robotics and other types of automation technologies are changing the way a business operates.

Let us introduce our readers to Mr. Hakan Santana Lanfredi, who is a Member of the Executive Board of Management at Dussmann Group. The group headquartered in Berlin, Germany operates in the entire Middle East and is a market leader in Technical Services solutions.

Their robotic machines are the reason for the current buzz in town.

In a short discussion and introduction of their state of the art solution, Mr. Lanfredi told us that at Dussmann, they are gaining significant competitive advantage by leveraging the power of robotic machines which are making repetitive, laborious and, oftentimes, hazardous tasks more effective and productive.

Duckie and Sparky, as the robots have been named by company owner and Chairwoman, Mrs. Catherine Dussmann, have been recently introduced during a market launch in Abu Dhabi hosted by the German Ambassador Mr. Peter Fischer, and are already causing great excitement amongst their Clients.

It is said that seeing is believing. See it for yourself here:

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Mr. Salaheddine Mounjid is leaving his mark on Iraq’s economy with his new corporate investment plans https://english.aalmeen.com/mr-salaheddine-mounjid-is-leaving-his-mark-on-iraqs-economy/ https://english.aalmeen.com/mr-salaheddine-mounjid-is-leaving-his-mark-on-iraqs-economy/#respond Tue, 14 Jan 2020 17:59:07 +0000 https://english.aalmeen.com/?p=34692 The optimal strategy to benefit the nation!

Mr. Salaheddine Mounjid is a prominent investor and director in one of the renowned corporate holdings. He has a vast experience of making strategic investments in different parts of the world as a part of his business. Investor Salaheddine Mounjid has new plans for the year 2020 as he is shifting his focus on the Gulf region, specifically Northern Iraq. His company is planning to invest a 15$-20$  million in Iraq in order to create 1000 jobs, feed the local market and participate in the construction of the “new Iraq”.

This New Investment of Mr. Salaheddine Mounjid in Iraq stemmed from successful participation in the INTERNATIONAL IRAQ BUILDING EXHIBITION, Mr. Salaheddine Mounjid has met the prime minister of Iraq H.E Adel Abdel-Mehdi, the minister of Economy H.E Mohammed El Ali and the minister of construction H.E Bengan Rikani. He decided to invest $15 Million over 20000 SQM of land in North of Iraq in a full production line of building materials.

In his recent talks with the media, Mr. Salaheddine Mounjid said: “This project is in line with our corporate growth strategy, reaffirms our commitment to increasing our presence across categories that are in high demand. Our investment goes in line with our corporate and private equity strategies. The Holding is currently seeking to broaden its investments in the Gulf and is also eyeing a listing on the Abu Dhabi stock exchange, the private equity firm said in August. In the last year, it has closed real estate deals in Morocco and launched a British real estate fund. It also has ten Islamic funds, including six real estate funds, three publicly-listed funds, and an industrial private equity fund.”

Check his interview below:

Follow him on Instagram (https://www.instagram.com/savas.eddine)

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NEW BRITISH HIGH COMMISSIONER CALLS ON CHIEF MINISTER PUNJAB https://english.aalmeen.com/new-british-high-commissioner-calls-on-chief-minister-punjab/ https://english.aalmeen.com/new-british-high-commissioner-calls-on-chief-minister-punjab/#respond Tue, 14 Jan 2020 10:58:24 +0000 https://english.aalmeen.com/?p=34680 The new British High Commissioner to Pakistan Dr Christain Turner called on Chief Minister Punjab Sardar Usman Buzdar at his office on Monday. The Chief Minister congratulated Dr Christain Turner on assuming this responsibility and expressed good wishes for him. The British High Commissioner thanked the chief minister for extending wonderful hospitality to the British royal couple in Lahore. Both agreed to enhance cooperation in health, education, skills development, tourism and industries sectors. Talking on this occasion, Usman Buzdar said that Pakistan and England are partners in the journey of development and added that the provincial government appreciates England’s cooperation for improving health, education and other sectors in the province.

He added that ten special economic zones are being established in Punjab and the foundation stone of special economic zone in Lahore will be laid soon. He said that SEZs have tremendous investment opportunities and British investors are invited to invest in these special economic zones where they will be provided with every required facility. He said that investors are provided with different facilities and a lot of work has also been done for the promotion of tourism. Punjab has a lot of potential for religious tourism, he added. Usman Buzdar said that development of backward areas is the priority of the government adding that reforms have been introduced in the health sector. Nine thousand beds have been increased in government hospitals while new hospitals are also being built along with improving the emergency services in health institutions. He said that 35 percent non-transferable funds have been allocated for the improvement of southern Punjab areas.

The result-oriented strategy has been evolved for the durable development of social sectors. Punjab government is interested to further promote cooperation with England, he added. Dr Christian Turner said that best relations exist between Pakistan and the UK and there is a lot of potentials to enhance the bilateral cooperation. We want to further promote economic ties with Pakistan, he added. He said that the establishment of SEZs is a wonderful project and the option of extending cooperation in this regard would be examined.

Pakistan has a wonderful historical heritage and assistance will be provided to Punjab government in the tourism sector as well. Meanwhile, assistance to Punjab government will continue for the betterment of social sectors, he added. It is my first visit to Lahore which is a wonderful city and I desire that England cricket team should tour Pakistan soon, he said. He also invited Chief Minister Punjab to attend birthday ceremony of Queen of England. Head of DFID Lahore Mr Jinal Shah, Advisor Dr Salman Shah, Mussarat Jamshed Cheema MPA, Chairman P&D and others were also present on this occasion.

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Gulf Capital to Create a Global IVF Fertility Platform following its Acquisition of IVI-RMA’s Middle Eastern IVF Fertility Operation for over US$ 100 Million https://english.aalmeen.com/gulf-capital-to-create-a-global-ivf-fertility-platform-following-its-acquisition-of-ivi-rmas-middle-eastern-ivf-fertility-operation-for-over-us-100-million/ https://english.aalmeen.com/gulf-capital-to-create-a-global-ivf-fertility-platform-following-its-acquisition-of-ivi-rmas-middle-eastern-ivf-fertility-operation-for-over-us-100-million/#respond Tue, 14 Jan 2020 10:39:22 +0000 https://english.aalmeen.com/?p=34672 Three-year growth plan to increase number of clinics by three-fold and expand the operations regionally and to Asia and Europe   

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, announced today its three-year growth plans for IVI-RMA Middle East, the fastest growing provider of fertility treatment services in the GCC, following its acquisition of 100% of its stake for over US$ 100 million. The transaction is a corporate carve-out of the Middle Eastern clinics of IVI-RMA, the largest IVF service provider globally, and continues Gulf Capital’s strategy of acquiring controlling stakes in market leaders.

Gulf Capital is actively targeting investments within the fast growing and defensive healthcare sector and has identified the fertility sub-sector as a key focus priority, given its expected double-digit growth rates across the region. With increased awareness coupled with the technological advancements in the field, the fertility sector in the GCC is forecasted to continue to grow at 15%+ CAGR annually over the next 5 years.

Launched in early 2016, IVI-RMA Middle East has established itself as the fastest growing IVF service provider in the UAE and Oman, growing at a 50% CAGR since inception, on the strength of very high success rates relative to industry peers. With over 1200+ pregnancies in less than four years, the provider’s success is driven by the scientific and personalised approach of a highly skilled medical team. With a focus on original research and publications, IVI-RMA Middle East has achieved the highest success rates in the region, with pregnancy and live birth rates that position it within the top-quartile globally. Gulf Capital will back the existing management team to continue to deliver best in class treatment and success rates and to roll out operations across the region.

The new chapter of IVI-RMA Middle East will see the implementation of an ambitious three-year plan. The plan will see the launch of a new platform-wide brand identity in 2020, the inauguration of a state-of-the-art genetics lab in Abu Dhabi, and expanding the number of clinics by more than three-fold to nine clinics taking the provider to new markets in the Middle East, Asia and Europe.  The company and Gulf Capital will also be opportunistically looking at acquisitions in other geographies.

Dr Karim El Solh, Chief Executive Officer of Gulf Capital, said: “We are thrilled to back the strongest management and medical team within the IVF sector regionally. This transaction exemplifies Gulf Capital’s tried and tested strategy of acquiring controlling stakes in market leading companies in high growth sectors. IVI-RMA Middle East is the fastest growing IVF service provider in the GCC, and we are excited to be collaborating with its strong management team to take this platform to the next level. The investment in IVI-RMA Middle East is Gulf Capital’s largest equity investment to date and is the first corporate carve-out in our Firm’s history.”

Dr (Professor) Human Fatemi, Medical Director for IVI-RMA Middle East, remarked: “Over the past few years, the uptake of assisted reproduction methods to conceive has increased exponentially in the GCC, especially among the urban population. Infertility in the Middle East has been on the rise due to the ever-evolving lifestyle patterns and other disorders. However, most of the treatment protocols are based upon western treatment plans. While the IVF market in the GCC is growing rapidly, there is a clear need to address issues like standardised clinical protocols, structured training, genetic laboratories and ethical practices. At IVI-RMA Middle East, we are undertaking fundamental research across all related areas including genetics research based upon our observations and trials locally. It has been our constant endeavour to assist more and more couples to fulfill their dream of starting a family by providing the most advanced fertility treatments in accordance with international guidelines, coupled with the right technology. Our partnership with Gulf Capital shall help us offer our services to an even broader segment of the population.”

Suresh Soni, CEO of IVI-RMA Middle East, said: “We are excited to partner with Gulf Capital as we embark on our next phase of expansion and growth. We share a common vision: ‘Paulatim ergo certe’… Slowly therefore surely. The cornerstone of our success is good science and technology, which translates into the best medical outcomes for our patients. We have world-renowned IVF specialists and embryologists working in state-of-the-art facilities. We shall continue to deliver the best treatments and services to our patients so that they receive the best value for their money. Our partnership with Gulf Capital, which has a storied and long history of value addition and operational expertise, will help accelerate our growth internationally and position us as one of the largest global IVF fertility platforms.”

Hazem Abu Khalaf, Managing Director at Gulf Capital, added: “We were very impressed by what Suresh Soni and Dr. Human Fatemi have been able to accomplish in such a short period of time.  IVI-RMA Middle East’s research focused and patient centric approach has allowed it to build an impressive track record that compares favourably even with the best IVF centers globally. With a regional market expected to continue to expand at a double-digit growth rates over the next five years, we are confident that our partnership will enable the team to expand its coverage and services into new territories globally and to deliver market leading success and live birth rates. We are enthusiastic about our future plans together and look forward to working closely with the team on this new phase of growth.”

Gulf Capital was advised by Allen & Overy and PwC. The selling shareholders of IVI-RMA Middle East were advised by Lincoln International, Clyde & Co and Ernst & Young.

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Liht Up Your World With Liht Organics https://english.aalmeen.com/liht-up-your-world-with-liht-organics/ https://english.aalmeen.com/liht-up-your-world-with-liht-organics/#respond Tue, 14 Jan 2020 10:33:47 +0000 https://english.aalmeen.com/?p=34662 The First Premium Organic Makeup Brand To Debut In The Middle East

Move over mineral makeup, trending in the world of natural cosmetics is high-performance organic makeup that boasts professional textures and finishes, and the best part is that it improves skin with regular use. You’ll find all this and more in organic and natural cosmetics line – Liht Organics.

Liht Organics, a premium organic beauty brand recently made its debut in the UAE’s beauty sector, making it the first organic makeup brand to enter the market. Formulated in the USA, Liht products are celebrated for being organic, vegan, cruelty-free, gluten-free and completely safe – free of nanoparticles and harmful chemicals.

Founded by Nerissa Low, Liht (Living In Her Time) is all about empowering a woman to live fully in her light, by her rules, in her own time. She believes every woman should be authentic to her true self and embody all her best qualities. And with beauty products, this is no exception.

The move for her to go organic years ago was a personal one. “I used to have really bad acne and had to be on Oratane and have my pimples injected with steroids every month. My skin cleared up only after I made the switch to go organic. After seeing how it worked for me, I wanted to look for organic makeup too, but couldn’t find authentic, quality ones. That’s why I decided to start my own,” she explains.

In a market that is increasingly saturated by the entrance of new players and introduction of novel products, what sets Liht apart is their focus on quality and emphasis on beneficial organic ingredients. Liht products improve skin health with regular use, debunking myths that makeup is bad for your skin. Motivated by this vision, Liht has a strict criteria for their formulations to be 100% natural with a high percentage of organic ingredients – up to 90%. Riding high on the increase in demand for all-natural and safe products; Liht has a unique position in the UAE cosmetics market; which is expected to perform over 4% CAGR until 2024.

Commenting on Liht’s foray into the Middle East, Ms. Low said; “We are grateful and honoured to be the first organic makeup brand to launch in the Middle East. This is the perfect market for us because Middle Eastern consumers appreciate quality products and see the value in investing in their skin and health. From a brand perspective we are happy to be launching at a time when the society is experiencing a shift in cultural dynamics and women are now embracing new levels of freedom and empowerment.”

Liht Organics is currently available across 22 new Lulu BLSH stores in Dubai and Abu Dhabi, and is en route to 60 stores within its first year including launches in Bahrain, Oman, Kuwait and Saudi Arabia. Their extensive product portfolio is also available on their e-commerce portal https://www.lihtorganics.com/

“My vision for Liht is to be the leading organic makeup brand not just in Middle East, but globally, and to inspire women to make conscious choices in health and beauty –  and thus contribute to the movement of making the world a better place, one woman at a time”, concluded Ms. Low.

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Tommy Hilfiger Announces Tommy Hilfiger Fashion Frontier Challenge Social Entrepreneur Finalists https://english.aalmeen.com/tommy-hilfiger-announces-tommy-hilfiger-fashion-frontier-challenge-social-entrepreneur-finalists/ https://english.aalmeen.com/tommy-hilfiger-announces-tommy-hilfiger-fashion-frontier-challenge-social-entrepreneur-finalists/#respond Tue, 14 Jan 2020 08:39:12 +0000 https://english.aalmeen.com/?p=34654 Tommy Hilfiger, which is owned by PVH Corp. [NYSE: PVH], announces the six finalists in the 2019 Tommy Hilfiger Fashion Frontier Challenge. Now in its second year, the global program aims to support entrepreneurial start-up and scale-up businesses developing solutions that promote inclusive and positive change in fashion. The selection of finalists is a next step in the journey to identify and champion innovative opportunities that support the advancement of the industry. On February 13, 2020, the six finalists will visit Tommy Hilfiger’s Campus of the Future in Amsterdam, the Netherlands, to pitch their business concepts to a jury of internal and external business and sustainability leaders at the global Tommy Hilfiger Fashion Frontier Challenge Final Event.

 “It is inspiring to see the second edition of the Tommy Hilfiger Fashion Frontier Challenge draw so many applicants working towards a more inclusive and sustainable fashion landscape,” said Tommy Hilfiger. “We are committed to championing bright, innovative solutions to some of our industry’s big challenges, and I’m looking forward to returning as a jury member to recognize this year’s entrepreneurs. Their shared optimism and commitment to a positive future should inspire us all in the impact we can make together.”

Over a multi-step four-month process, over 420 applicants were narrowed down to six finalists who were invited to develop and refine their business plans with the support of a dedicated team of social entrepreneur experts at the Campus of the Future. The finalists include:

  • Bangladesh-based scale-up, Apon Wellbeing, opens fair-priced shops carrying daily necessities inside factories, with products offered at a 10% discount to external prices and a points scheme that workers collect for free health-insurance and health services.
  • American scale-up, Stony Creek Colors, offers natural indigo sustainable crops to small and mid-size tobacco farmers who are at risk of losing their income due to falling tobacco sales. The cash crop provided by Stony Creek Colors enables the farmers to retain their livelihood.
  • Dutch start-up, A Beautiful Mess, runs a creative space to assist refugees in realizing social and economic independence by creating sustainable apparel products.
  • U.S.-based start-up company Lab 141 creates small batches of made-to-fit clothing using 3D printing. Through these methods, Lab 141 is promoting and bringing to life the concept of “sizeless” fashion.
  • Indian scale-up pajama company Sudara develops professional and sewing skills in women who have escaped from or are at high risk of being sex trafficked.
  • Hailing from France, scale-up company Constant & Zoe creates functional and fashionable clothing for men, women and children with disabilities.

The prestigious jurors overseeing the final event include:

  • Mr. Tommy Hilfiger
  • Ankiti Bose, Co-Founder & CEO, Zilingo
  • Noor Tagouri, Journalist, Activist and Speaker
  • Daniel Grieder, CEO, Tommy Hilfiger Global and PVH Europe
  • Martijn Hagman, CFO, Tommy Hilfiger Global & COO, Tommy Hilfiger Global and PVH Europe
  • Willemijn Verloop, Founding Partner, Social Impact Venture
  • Steven Serneels, CEO and Board Member, EVPA
  • Katrin Ley, Managing Director, Fashion for Good

The jury will award €150,000 between two winners to fund the advancement of their business proposals. The winners will also receive a year-long mentorship with Tommy Hilfiger’s and INSEAD’s global experts, as well as a place in the INSEAD Social Entrepreneurship Program (ISEP). An additional €10,000 will be awarded to the finalist team who wins the “Audience Favorite Vote.”

Tommy Hilfiger’s vision is to create fashion that opens minds and closes loops. Find out more about the brand’s long-term sustainability efforts, particularly in the areas of inclusivity and circularity, at: https://global.tommy.com/en_int/about-us-corporate-sustainability.

Friends and followers of the brand are invited to join the conversation on social media using #TommyHilfiger, #FashionFrontierChallenge, #MakeNewPossible and @TommyHilfiger.

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