Latest news with #AED40
Hi Dubai
21-05-2025
- Business
- Hi Dubai
MoIAT Signs AED40 Billion Financing Agreements to Boost Industrial Growth
The UAE has taken a major step in advancing its industrial sector, with the Ministry of Industry and Advanced Technology (MoIAT) signing five Memoranda of Understanding (MoUs) with leading national banks to unlock over AED40 billion in financing solutions. The agreements, witnessed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, aim to fuel industrial expansion, support SMEs, and drive the adoption of advanced technologies in line with the UAE's sustainable development goals. Partner banks include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and WIO Bank. Each has pledged competitive, tailored financing to help businesses scale, innovate, and contribute to the country's strategic 'Make it in the Emirates' initiative. Omar Al Suwaidi, Under-Secretary of MoIAT, emphasized the importance of these partnerships in building a resilient, innovation-led industrial ecosystem. 'These innovative financing solutions are designed to enable sustainable industrial growth, aligned with the UAE's vision of a diversified, knowledge-based economy,' he said. Executives from all five banks echoed strong support for the initiative. FAB pledged AED5 billion in renewed funding, while WIO Bank committed up to AED1 billion in working capital support. Others highlighted the alignment of the initiative with national priorities, ethical financing, and long-term economic competitiveness. The agreements reflect growing synergy between the public and private sectors, positioning the UAE as a regional leader in advanced manufacturing and industrial innovation. News Source: Emirates News Agency
Zawya
14-04-2025
- Business
- Zawya
Ajman real estate transactions reach $560.8mln in March 2025
Real estate transactions in Ajman reached AED2.06 billion in March 2025, marking a significant increase of over 41 percent compared to the same period in 2024. Omar bin Omair Al Muhairi, Director-General of the Ajman's Department of Land and Real Estate Regulation, said the emirate recorded 1,025 real estate transactions in March, with trading volume totalling AED1.03 billion. He noted that "Al Heliow 1" recorded the highest property sale at AED43 million. Al Muhairi noted that Ajman's real estate market continues to show strong momentum, consistently achieving record figures. He said this reflects the emirate's attractive investment environment, supported by competitive pricing, integrated services, and advanced infrastructure. He added that March also witnessed 156 mortgage transactions amounting to AED299 million. The highest mortgage value, AED40 million, was recorded in the "Al Nuaimiya 3" area.
Emirates 24/7
15-03-2025
- Business
- Emirates 24/7
Mohammed bin Rashid attends MBRGI's signing of agreements for three endowment buildings in support of the Fathers' Endowment campaign
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the signing of agreements between the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) and Imtiaz Developments, SAMANA Developers, and Buimerc Corporation Ltd. Under the agreements, each developer will construct an endowment building within MBRGI's education complex at Dubai Academic City in support of the Fathers' Endowment campaign, launched by HH Sheikh Mohammed bin Rashid Al Maktoum. Coinciding with Ramadan, the Fathers' Endowment campaign was launched in honour of fathers in the UAE and aims to create a sustainable endowment fund to provide treatment and healthcare for the poor and needy. His Excellency Mohammad Al Gergawi, Minister of Cabinet Affairs and Secretary General of MBRGI, signed agreements with Masih Imtiaz, CEO of Imtiaz Developments; Imran Farooq, CEO of SAMANA Developers; and Siddharth Balachandran, Executive Chairman and CEO of Buimerc Corporation Ltd., for the development of endowment buildings valued at AED50 million, AED40 million, and AED20 million, respectively. Revenues from the endowment buildings will support the Fathers' Endowment campaign and its goal of enhancing healthcare access for people in need. This includes developing hospitals, providing essential medical equipment and medications, expanding capacity, and upgrading operating rooms. These investments will create sustainable opportunities to enhance the quality of life for those in need. Creating positive change His Excellency Mohammad Al Gergawi said that the Fathers' Endowment campaign embodies the vision of HH Sheikh Mohammed bin Rashid Al Maktoum for sustainable giving, and his belief in philanthropy as the most significant investment for creating positive change and helping the less fortunate to meet their basic needs. Al Gergawi highlighted the significance of Ramadan campaigns in reinforcing the UAE's global leadership in humanitarian efforts and reflecting the nation's deeply rooted values of compassion and generosity. 'The agreements with Imtiaz Developments, SAMANA Developers and Buimerc Ltd. demonstrate the generous support of philanthropists in the UAE, a hallmark of the UAE's giving spirit. This generosity, evident in past Ramadan campaigns exceeding their goals in record time, confirms that giving is a deeply ingrained cultural value and a key component of the Emirati identity,' Al Gergawi said. The Fathers' Endowment campaign, part of the Mohammed Bin Rashid Al Maktoum Global Initiatives, honours fathers by enabling donations in their name. It upholds the values of respecting parents, compassion, and social solidarity while reinforcing the UAE's leadership in philanthropy through a sustainable healthcare endowment for those in need. The campaign further strengthens the UAE's long-standing commitment to generosity and global humanitarian solidarity while promoting the culture of endowments and encouraging community participation in providing sustainable healthcare support for underprivileged individuals. Donation channels The Fathers' Endowment campaign continues to welcome donations and contributions to the endowment fund from institutions and individuals across six main channels. Donations can be made via the campaign's website, or through the dedicated call centre at 800 4999. Contributions can also be made via bank transfer in UAE dirhams to the campaign's Emirates Islamic Bank account (IBAN: AE020340003518492868201). Donations via SMS are possible by sending the word 'Father' to the following numbers (1034 to donate AED10; 1035 to donate AED50; 1036 to donate AED100; and 1038 to donate AED500) for Etisalat by e& and du users. Donations can also be made through the DubaiNow app under the 'Donations' tab or via Dubai's community contributions platform, Follow Emirates 24|7 on Google News.
Sharjah 24
14-03-2025
- Business
- Sharjah 24
Mohammed bin Rashid attends MBRGI endowment agreements signing
Purpose of the agreements Under the agreements, each developer will construct an endowment building within MBRGI's education complex at Dubai Academic City in support of the Fathers' Endowment campaign, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Fathers' Endowment campaign Coinciding with Ramadan, the Fathers' Endowment campaign was launched in honour of fathers in the UAE. The campaign aims to create a sustainable endowment fund to provide healthcare and treatment for the poor and needy. Endowment building details Mohammad Al Gergawi, Minister of Cabinet Affairs and Secretary General of MBRGI, signed agreements with Masih Imtiaz, CEO of Imtiaz Developments; Imran Farooq, CEO of SAMANA Developers; and Siddharth Balachandran, Executive Chairman and CEO of Buimerc Corporation Ltd. The value of the endowment buildings is AED50 million, AED40 million, and AED20 million, respectively. Impact of the endowment buildings Revenues from the endowment buildings will support the Fathers' Endowment campaign, enhancing healthcare access for those in need. This includes the development of hospitals, provision of medical equipment, and expansion of healthcare capacity. Vision and values behind the campaign Mohammad Al Gergawi emphasizsed that the Fathers' Endowment campaign reflects the vision of HH Sheikh Mohammed bin Rashid Al Maktoum for sustainable giving and his belief in philanthropy as a vital tool for positive change. UAE's commitment to philanthropy Al Gergawi also highlighted the importance of Ramadan campaigns in reinforcing the UAE's global leadership in humanitarian efforts, underscoring the deeply rooted values of compassion and generosity in Emirati culture. Encouraging donations The Fathers' Endowment campaign continues to welcome donations from institutions and individuals through multiple channels, including the campaign's website, SMS, bank transfer, and the DubaiNow app. Donations can be made by sending the word 'Father' to specific SMS numbers for various amounts or via the UAE's community platform,
Emirates Woman
14-03-2025
- Business
- Emirates Woman
10 brilliant fashion brands that offer same day and next day delivery in Dubai
Fashion by Alice Holtham-Pargin 1 hour ago Your last-minute shopping, sorted… Whether you're shopping for an event that's just been added to your calendar, picking up a last-minute gift, or you're simply too impatient to wait – more and more of our favourite fashion stores and brands now offer rapid delivery in Dubai. While some stores offer same day delivery in Dubai, you'll only have to wait a day for next day delivery from others. So from shoes and accessories to occasion wear and athleisure staples, these are the brands to shop for same day or next day delivery in Dubai. Ounass View this post on Instagram A post shared by OUNASS (@ounass) Ounass prides itself on offering the fastest delivery in Dubai, with the option to deliver thousands of its fashion, accessories, beauty and homeware pieces within just two hours. Ounass is the region's leading luxury e-commerce site, housing more than 300 top-tier designers from the Middle East and around the world, so from glamorous outfits to beautiful accessories, you can get your hands on wow-worthy pieces in an instant. Shop now via Level Shoes View this post on Instagram A post shared by Level Shoes (@levelshoes) Level Shoes has redefined the city's accessories game, with its gilded gold stores that feel like stepping into a super-sized Carrie Bradshaw closet. Even if you can't get to store, you can shop an extensive range of shoes, bags and accessories via their e-commerce and WhatsApp personal shopping channels, and if you're in Dubai, you could get your delivery in just 90 minutes. Across the emirates, there's same day delivery provided you order by 8pm in Dubai or 2pm for the wider UAE. Shop now via Bloomingdales All your favourite iconic brands are stocked at Bloomingdales, the style-centric department store filled with beauty, fashion, accessories and homeware. While the bricks and mortar stores have been around for more than 150 years, it's e-commerce is where to head for the most extensive collections of the latest trends and timeless pieces, with delivery available within two-hours if you order by 5pm in Dubai. Shop via Sand Dollar With its colorful boutiques dotted across the city and a website filled with beautiful resort wear from the world's best brands, there's lots to love about Sand Dollar. The brainchild of founder Lucy Gibson, we love it for its easy WhatsApp customer service, it's array of brands from Love Shack Fancy to Hunza G, and the fact that they offer three-hour delivery in Dubai. Shop via Beach City View this post on Instagram A post shared by Beach City (@shopbeachcity) This Dubai-born store is a homegrown success story in the mid-range fashion space, dropping regular collections of beach-to-brunch-to-bar outfits that are perfect for all off-duty occasions. In Dubai, you can order by 2pm for delivery within four hours for AED40, or pay AED15 for same-day delivery when ordering by midday. Shop via Next With a collection of mid-scale and high street fashion and homewares brands, you can easily snap up whatever you're looking for on Next. From trend-led collections from Reiss, Abercrombie + Fitch and Hugo Boss to their in-house staples, whether it's everyday basics or a certain occasion you're shopping for, there's hours of online shopping to be done. Plus, if your order comes to over AED280, you'll get free next day delivery. Chic Le Frique What began a s a brand for easy-to-wear linen sets in a rainbow hue of colours has become a successful Dubai-born brand of fashionable dresses and sets that are perfect for Dubai weekends filled with fun. From dresses to throw over a bikini for a pool day, to stylish mini dresses in vibrant prints, this is the perfect site to shop when you're looking to inject a little colour into your weekend uniform. And if you order by 1pm, you can take advantage of 4-hour delivery in Dubai for AED30. Order by 12pm for same day delivery across the UAE for AED25. Shop via That Concept Store View this post on Instagram A post shared by THAT (@thatconceptstore) We love discovering new brands in the multi-storey emporium of buys we never knew we needed at That Concept Store. From the latest runway looks to hero beauty buys and beautiful homewares that elevate every space, That Concept Store has it all. Same day delivery is available on all orders placed by 6pm, and free shipping applies to all orders above AED500. Shop via Odd Muse Want a lifetime of outfits with a few timeless essentials? The much-loved UK born label, Odd Muse has now made its way to the UAE. Designed to be styled in multiple ways, Odd Muse pieces are designed for your forever wardrobe. There all-pleasing hues and silhouettes have made Odd Muse the go-to brand for it girls globally, but they've also expanded into resort, bridal and workwear collections. Order by 1pm for same day delivery for AED30 or benefit from next day delivery for AED20. Shop via Namshi View this post on Instagram A post shared by Namshi (@namshi) Leading fashion and beauty e-commerce site Namshi is our go-to for a whole host of mid-scale brands, perfect for beach, brunch, work and party wear. You can shop brands like Topshop, Adidas, New Balance and Nike, and they've also recently added high street heavyweights Mango and H&M to their brand book. Delivery times depend on brand and pieces, but under all of the products you can see the quickest you'll be able to get your hands on things – and many pieces can arrive same day. Shop via Lead images: @ emmamilton/ Instagram
