Latest news with #Almheiri
Hi Dubai
21-05-2025
- Business
- Hi Dubai
Dubai SME Targets 8,000 New Emirati Businesses by 2033
Dubai SME is setting its sights on launching 8,000 new Emirati-owned businesses by 2033, aiming to grow its total portfolio to 27,000 enterprises, up from 19,000 at the end of 2024. Ahmad Al Room Almheiri, Acting CEO of Dubai SME, said the organization is integrating artificial intelligence and advanced technology across its services to better support local entrepreneurs. The move is designed to enhance market analysis, automate support processes, and offer smarter consultancy. 'AI will be instrumental in monitoring business progress and responding to challenges swiftly,' Almheiri said, adding that Dubai SME provides training to help entrepreneurs integrate AI into their operations, boosting innovation and scalability. To tackle funding gaps and high startup costs, Dubai SME offers seed and expansion capital through the Mohammed Bin Rashid Fund for SME. Startups can also benefit from commercial licences priced at AED1,000 and incubator space at the Hamdan Centre for Giftedness and Innovation, with a focus on AI, fintech, and the digital economy. The organization is also pushing for greater sustainability and productivity by offering tools like innovation grants, e-commerce onboarding support, and a procurement programme that requires government entities to source 10 percent of purchases from Dubai SME members. Dubai SME held monthly stakeholder workshops and provided more than 3,000 consultations last year, reinforcing its role as a key driver of entrepreneurship in the emirate. News Source: Emirates News Agency
Reuters
26-02-2025
- Business
- Reuters
UAE's 2PointZero aims for Abu Dhabi listing this year, says CEO
ABU DHABI, Feb 26 (Reuters) - UAE investment platform 2PointZero is targeting a stock market listing in Abu Dhabi this year, CEO Mariam bint Mohammed Almheiri said on Wednesday. Last year, Abu Dhabi conglomerate International Holding Company (IHC) ( opens new tab established 2PointZero as a holding firm which will have more than 100 billion dirhams ($27.23 billion) in assets. The company expects opportunities for growth in Asia, Latin America and Africa, where one of its portfolio companies has invested in mining assets, Almheiri said. Abu Dhabi-based International Resources Holding (IRH) invested $1.1 billion in Zambia's Mopani Copper Mines in 2024. 2PointZero's portfolio includes alternative asset manager Lunate, Egyptian financial services firm Beltone ( opens new tab and IRH. IHC is an Abu Dhabi conglomerate led by Sheikh Tahnoon bin Zayed al-Nahyan, who is also the UAE's national security adviser and a foreign policy troubleshooter for his brother, President Sheikh Mohammed bin Zayed al-Nahyan. ($1 = 3.6725 UAE dirham) Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
Zawya
28-01-2025
- Business
- Zawya
Sharjah Chamber launches "Business Impact" podcast
Sharjah: The Sharjah Chamber of Commerce and Industry (SCCI) announced the launch of the "Business Impact" Podcast during the Sharjah Real Estate Exhibition 'ACRES 2025', organised by the Chamber in collaboration with the Sharjah Real Estate Registration Department (SRERD) from January 22 to January 25. The Podcast aims to highlight the importance of Sharjah as a strategic destination for business management and investment in the region. The podcast, to be released via Sharjah Chamber's social media platforms, featured local and international business owners and entrepreneurs who share their successful experiences in Sharjah. It discusses various economic issues and how businesses can benefit from the unique business environment Sharjah offers, including investment opportunities, government facilitation, and the role of the Chamber of Commerce in fostering economic growth. The first episode of the "Business Impact" Podcast, which was broadcast during ACRES Exhibition, hosted Khalifa Bin Harib Almheiri CEO of Alrasikhoon Real Estate. Under the theme "The Future of Real Estate in the Emirate of Sharjah', Almheiri presented a comprehensive insight into the developmental status of the real estate sector in the emirate. The episode also explored the opportunities available to investors and businesses seeking to expand their footprint in this vital sector. The episode focused on how businesses can take advantage of Sharjah's ideal investment environment, with its legislative facilitation and investment incentives. Additionally, it highlighted major real estate development projects being implemented in the emirate, which are boosting Sharjah's appeal as a promising real estate investment center at both local and international levels. Dr. Fatema Khalifa Al Muqarrab affirmed the Sharjah Chamber's strong commitment to innovation that fosters communication with the business community and private sector representatives. She noted that the "Business Impact" Podcast aims to shed light on the key aspects of Sharjah's appealing investment environment, including its diversified economy and the opportunities and advantages it offers to businesses and entrepreneurs across various strategic sectors. This aligns with the Chamber's strategy to position Sharjah as a leading destination for investment and project management in the region and globally. The "Business Impact" Podcast will feature in its upcoming episodes interviews with influential entrepreneurs and business leaders from various promising sectors. Aya Issa from IPT Group for lubricants and fuel-oil supply services will highlight how the group successfully connected with more than 250 global companies through Sharjah. Satish Vasu, Chief Customer Value Creator at AHB, will share insights into Sharjah's status as an exemplary environment for opportunities and business growth. Key guests also include Mohammed Al-Aitani, CEO of Afco Oils and Fats, who will recount his career that started in Sharjah to until he become the owner of 95 factories worldwide. Furthermore, Dr. Ghanem Al-Hajri, Director General of Namar Emirates, will elaborate on how Emirati businesses thrive in the global agricultural and food markets. Lastly, Bader Mohammed Saeb, CEO of Bader Emirates, will recount how his passion for scouting evolved into driving his company to achieve record-breaking sales, reflecting the achievements made possible by Sharjah's thriving business ecosystem. For further information, please contact: Ali Elgendy Misbar Communications ali@ Ahmad Aldwairi Misbar Communications
