Latest news with #AED2.5
Hi Dubai
21-04-2025
- Business
- Hi Dubai
Dubai SME Revolutionizes Entrepreneurial Landscape with Significant Milestones in 2024
The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) had a landmark year in 2024, marking significant strides in nurturing Emirati entrepreneurship and solidifying Dubai's position as a leading global business hub. With its efforts aligned with the Dubai Economic Agenda D33, Dubai SME has played a crucial role in advancing the Emirati SME sector, helping to double the size of Dubai's economy by 2033. In 2024, Dubai SME facilitated the launch of 3,461 new Emirati businesses, bringing the total number of supported SMEs to 19,904. Advisory services and mentorship benefited over 3,000 entrepreneurs, with training sessions reaching 5,498 participants—an increase of more than 200% from the previous year. The Mohammed Bin Rashid Fund for SME (MBRF) continued to empower startups with AED35.17 million in funding, supporting 44 projects in 2024 alone. Dubai SME also provided crucial relief to SMEs impacted by rainfall, offering AED2.5 million in financial aid and deferred loan repayments. Major initiatives, such as the Emirati Tech Founder Program and the Idea Lab Programme, fostered innovation in sectors like AI, IoT, and sustainable solutions. Dubai SME also continued its longstanding support at global events like Gulfood and Expand North Star, showcasing Emirati talent on the world stage. Ahmad Al Room Almheiri, Acting CEO of Dubai SME, emphasized the establishment's commitment to sustainable growth through innovative policies, training, and global expansion opportunities. With plans to further enhance its offerings in 2025, Dubai SME is set to continue driving Dubai's economic transformation and fostering a vibrant entrepreneurial ecosystem. News Source: Emirates News Agency
Hi Dubai
16-04-2025
- Health
- Hi Dubai
Dubai Derma 2025 Closes with AED2.5 Billion in Deals
The 24th edition of Dubai Derma, the world's largest dermatology, aesthetics, and laser conference, concluded in Dubai with record-breaking success. Held over three days, the event saw deals exceeding AED2.5 billion, reflecting the growing significance of dermatology and aesthetic medicine in both local and international healthcare sectors. Attracting more than 25,000 visitors from 114 countries, this year's edition reinforced the UAE's position as a global hub for medical tourism. With advanced healthcare infrastructure, highly skilled professionals, competitive pricing, and seamless access to services, the UAE continues to draw patients from around the world—especially for cosmetic and dermatological procedures. AI emerged as a central theme, with experts showcasing how it is revolutionising diagnostics, clinical efficiency, and treatment development in dermatology. The event also highlighted the expanding role of psychosocial factors in dermatological care, underlining their impact on treatment outcomes and patient wellbeing. A standout moment was the debut collaboration between Dubai Derma and the Skin of Colour Society, marking a regional first in promoting inclusive dermatological care. The conference also hosted a forward-looking session for students and residents, exploring emerging subspecialties and future demands in the field. Amb. Dr. Abdulsalam AlMadani, Chairman of Dubai Derma, noted the sector's rapid global growth, citing a global cosmetic surgery market valued at over US$56 billion in 2024. He emphasized its continued expansion, driven by innovation and rising awareness of skincare and aesthetics. With dynamic knowledge exchange, scientific discussions, and groundbreaking deals, Dubai Derma 2025 cemented Dubai's status as a leading destination for world-class medical events and cutting-edge dermatological care. News Source: Emirates News Agency
Zawya
16-04-2025
- Business
- Zawya
Dubai Derma concludes with deals exceeding $680.6mln
The 24th edition of the Dubai World Dermatology and Laser Conference and Exhibition – Dubai Derma, the world's largest scientific conference and exhibition in dermatology, aesthetics, and laser, concluded today with outstanding success, as the value of direct and indirect deals exceeded AED2.5 billion. Over three days, the conference strengthened the UAE's position as a leading regional and global destination for medical tourism, supported by an integrated healthcare system distinguished by advanced infrastructure, highly qualified medical professionals, and healthcare services that meet international standards. Competitive pricing and ease of access to medical services have further reinforced the UAE's status as a preferred destination for patients worldwide. Dubai Derma has witnessed increasing interest from international visitors, with cosmetic procedures emerging as a fundamental element of the medical tourism ecosystem. Today, the UAE stands out as a leading destination for individuals seeking dermatological and aesthetic treatments. The high-value deals signed during this year's edition reflect the growing global and local importance of the dermatology and aesthetic medicine sectors, underscoring continuous growth in this vital field. Furthermore, the conference reaffirmed Dubai's global stature as a key venue for hosting prominent medical events by offering a dynamic platform for scientific exchange, knowledge sharing, networking, and showcasing cutting-edge medical technologies. Artificial intelligence (AI) featured prominently throughout the conference, signalling its rising influence in shaping the future of dermatology and aesthetics by accelerating development, improving diagnostic accuracy, and enhancing clinical efficiency. Amb. Dr. Abdulsalam AlMadani, Chairman of Dubai Derma, commented, "This rapidly growing sector is considered one of the most advanced globally, with the cosmetic surgery market exceeding US$56 billion last year. It is expected to continue its accelerated growth in the coming years, driven by medical and technological advancements and increased public awareness of the importance of skincare and aesthetic health." This year, the conference discussed several non-traditional aspects of dermatological treatment, most notably the emphasis on the importance of psychological and social dimensions in the therapeutic process, and their pivotal role in enhancing treatment effectiveness and improving the quality of life for patients. The final day of Dubai Derma featured a distinguished session titled "Future of Dermatology", specially designed for students, interns, and dermatology residents. The session explored key topics related to the future of the specialty, including subspecialties in dermatology, evolving medical needs, pediatric dermatological conditions, and dermatopathology. In another first for the Middle East, the conference hosted a collaborative session between Dubai Derma and the Skin of Colour Society, focusing on treatments tailored for patients with skin of colour. This initiative lays the groundwork for future educational and awareness-driven programmes promoting inclusivity and diversity in dermatology. Dubai Derma 2025 welcomed over 25,000 visitors from 114 countries. The exhibition featured dedicated country pavilions, with the Republic of Korea hosting the largest pavilion.
Trade Arabia
15-04-2025
- Business
- Trade Arabia
Tetra Pak Arabia celebrates double win at PRIME Summit Awards
Tetra Pak Arabia has received two prestigious awards at the fifth edition of the PRIME Summit Awards 2025, held recently at the Grand Hyatt in Dubai. The company was honoured with a Gold award for Sustainable Packaging Company of the Year and a Silver award for Packaging Recycler of the Year. The Gold award recognises Tetra Pak Arabia's innovative thinking in its alternative paper-based barrier packaging solutions, effectively increasing the total renewable content of a carton to 90% while reducing its carbon footprint by 33%. Tetra Pak's Silver award for Packaging Recycler of the Year spotlights the launch of the first-of-its-kind carton packages recycling line in partnership with Union Paper Mills (UPM) back in November of 2024. This union spotlights an AED2.5 million investment that has brought about the possibility to recycle up to 10,000 tons of carton packages, each year. These landmark initiatives send a clear signal of the UAE's recycling capabilities while fostering sustainability and circularity in the region, adding to Tetra Pak's awards shelf from the PRIME Summit Awards. They previously received the CSR Initiative of the Year and Best Sustainable Packaging Solution awards in 2023, the company said. The PRIME Summit Awards by Packaging MEA identifies the most innovative and impactful projects that exemplify excellence and progress in the packaging industry. They reaffirm Tetra Pak Arabia's continued commitment to building a more sustainable, circular future for the packaging industry. They also reflect the company's longstanding dedication to protecting people by providing safe, nutritious food, in a way that also protects our planet.- TradeArabia News Service
Zawya
20-03-2025
- Business
- Zawya
Union Insurance Reports strong financial performance for 2024
Dubai, UAE - Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and organisations in the region, has reported strong financial results for 2024. The company's net profit has surged from a loss of AED2.5 million posted in 2023 to AED38.3 million in 2024. As of 31 December 2024, Total Assets have grown to AED 1.514 billion compared to AED1.457 billion reported in the same period last year. Total Shareholders' Equity has grown from Dhs205 million in 2023 to AED243.3 million in 2024. 'We are proud of our strong financial results that reflect the resilience of our business and the success of our sustainable growth strategies.' says Ramez Abou Zaid, Chief Executive Officer, Union Insurance Company. 'The restructuring of our operations and the investment portfolio has resulted in improved liquidity and solvency.' 'The strong financial performance, despite the unprecedented claims due to the floods in 2024, reflects prudent underwriting, strong reinsurance arrangements and the trust and faith of our clients,' he added. Earlier in 2024, Fitch Ratings has assigned the company a first-time Insurer Financial Strength (IFS) Rating of 'BBB' with a Positive Outlook reflecting potential improvement in financial performance following management actions to improve the profitability of Union's underwriting book. The rating signifies strong capitalisation, good company profile and strong reinsurance protection. About Union Insurance Company Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company is regulated by the UAE Central Bank and has a paid up capital of over AED 330 million. The company provides a wide range of individual and commercial insurance products to clients in the UAE and wider Middle East.
