Latest news with #Dh172
Al Etihad
26-05-2025
- Health
- Al Etihad
Sheikha Fatima bint Mubarak contributes Dh172 million to support Life Endowment campaign
26 May 2025 11:05 ABU DHABI (ALETIHAD)Her Highness Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union, President of the Supreme Council for Motherhood and Childhood and Supreme Chairperson of the Family Development Foundation (FDF) and Mother of the Nation, has contributed to the Life Endowment campaign by endowing an Dh172 million building. Her Highness Sheikha Fatima also directed the renaming of the building from Deena Tower to Life Tower to emphasise the campaign's humanitarian Highness Sheikha Fatima bint Mubarak affirmed that the UAE is proud of its unique values and principles. These have become a deeply ingrained societal culture, inspiring individuals and institutions to work together to promote well-being and empowerment both within the UAE and Highness Sheikha Fatima said: 'The Life Endowment campaign, which supports patients with chronic diseases, is an exceptional initiative stemming from the values of giving and generosity instilled by the late Sheikh Zayed bin Sultan Al Nahyan. It reflects the UAE's unique approach to sustainable charity and humanitarian work, which has successfully expanded its impact by reaching more beneficiaries, focusing on human development and empowerment, and ensuring continued support for essential services that directly address the needs of vulnerable populations.'Her Highness Sheikha Fatima called upon business leaders, philanthropists, and all members of the community to support the campaign to achieve its goals and make a lasting impact on the healthcare and care provided to people with chronic Highness Sheikha Fatima said: 'Healthcare is a fundamental human right that must be accessible to everyone. The Life Endowment embodies this right through compassion and solidarity. Our support for this endowment reflects the role of Emirati women in fostering a culture of giving and building a cohesive society that prioritises the wellbeing of its most vulnerable members. Join us in this noble generous grant from Her Highness Sheikha Fatima will help the campaign achieve its goals of providing sustainable healthcare funding, treating vulnerable patients with chronic illnesses, and offering them grant also reflects Her Highness Sheikha Fatima's commitment to supporting initiatives that enhance well-being and empower all members of society. The campaign, organised under the slogan, With You For Life, by the Endowments and Minors Funds Authority (Awqaf Abu Dhabi), in collaboration with the Department of Health – Abu Dhabi, and the two fundraising arms Emirates Red Crescent Authority and the Authority of Social Contribution - Ma'an, aims to provide financial and mental health support to patients unable to afford the substantial costs of Highness Sheikha Fatima bint Mubarak's contribution of endowing an Dh172 million building to the Life Endowment campaign significantly motivates the UAE community to support the Life Endowment campaign, which has garnered widespread support since its launch. The initiative aims to ensure sustainable healthcare services and provide ongoing funding for treating vulnerable individuals with chronic diseases, while also bolstering the healthcare system to address future campaign seeks contributions to establish an endowment that will cover treatment costs, invest in service development, provide medication, and offer access to mental health support. The UAE's commitment to providing the highest standards of care and access to advanced treatment options for all reflects its leadership in enhancing quality of life, recognising the vital role healthcare plays in individual and societal wellbeing.
The National
29-03-2025
- Business
- The National
Abu Dhabi economy expanded by 3.8% in 2024 on non-oil boost
Abu Dhabi's economy expanded by 3.8 per cent annually in 2024 to reach an all-time high value of Dh1.2 trillion as the emirate's non-oil sector continued to grow amid its diversification push. The emirate's non-oil sector during the 12-month period grew 6.2 per cent to Dh644.3 billion, marking its highest annual contribution yet to the total gross domestic product at 54.7 per cent, Wam reported on Friday, quoting data from the Statistics Centre – Abu Dhabi. Sectors including manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, education and health achieved their highest-ever growth values, 'reflecting the emirate's commitment to industrial development, infrastructure investment and human capital enhancement', the report said. Abu Dhabi has continued its shift away from oil and has taken several measures to attract international investors, boost its competitiveness and improve the ease of conducting business. In 2022, the emirate launched an industrial strategy to improve the contribution of the sector to the economy, by investing Dh10 billion across six programmes to more than double the emirate's manufacturing to Dh172 billion by 2031. Abu Dhabi also plans to boost the tourism sector's contribution to its GDP to 12 per cent by 2030, from 5 per cent in 2023. It has also laid out long-term strategies to further develop sectors including aviation and technology, with new investments in artificial intelligence. The record-breaking growth 'further enhances Abu Dhabi's status as a rising economic powerhouse and a premier destination for global talent, high-value investments, and world-class enterprises', Ahmed Al Zaabi, chairman of the Abu Dhabi Department of Economic Development, said. 'We are future-proofing Abu Dhabi's economy that drive industrial transformation, stimulate sustainable growth and reshape tomorrow's economy.' The manufacturing sector grew by 2.7 per cent annually last year, contributing 9.5 per cent to the total GDP, while the construction sector expanded by 11.3 per cent with a 9.1 per cent contribution and financial and insurance sector by 10.7 per cent, with its contribution at 6.6 per cent of the total GDP. The information and communication sector, meanwhile, grew by 6.6 per cent year-on-year to reach a record value of Dh32.2 billion and contributing 2.2 per cent to Abu Dhabi's total GDP in 2024. The transportation and storage sector achieved the highest growth rate among all industries last year at 16.9 per cent, driven by infrastructure investments, logistics advancements and increased trade activity, the report said. The sector's contribution to Abu Dhabi's economy stands at 2.4 per cent with a total value of Dh27.8 billion. The real estate sector grew by 4.2 per cent in 2024, amid continued demand. In the fourth quarter of 2024, Abu Dhabi's GDP expanded by 4.4 per cent, while non-oil GDP expanded by 6.6 per cent, maintaining its record-high contribution of 54.7 per cent to the total GDP, according to the report.
Express Tribune
25-02-2025
- Business
- Express Tribune
Dubai to construct 55 mosques, offer Friday sermons in English
Listen to article In a significant move ahead of Ramadan, Dubai has announced the construction of 55 new mosques, alongside an expansion of Friday sermon translations into English across 70% of mosques in the emirate. The Islamic Affairs and Charitable Activities Department (IACAD) revealed these plans in its latest report on the Qualitative Achievements of the Mosque Affairs Sector in 2024, outlining a vision to integrate Islamic architectural heritage with modern sustainability solutions. Last year, 24 mosques were inaugurated at a cost of Dh172 million, accommodating 13,911 worshippers. Now, an investment of Dh475 million is being made to construct 55 additional mosques, which will collectively accommodate 40,961 worshippers. To further support this growth, 54 new plots have been designated for future mosque construction, ensuring widespread accessibility. Additionally, the department is preparing a "Mosque Guide", aimed at achieving a 7-star rating for sustainability in mosques. Dubai has been making strides in eco-friendly mosque construction. In 2024, the emirate opened its first self-sustaining mosque, which cost Dh18.15 million and accommodates 500 worshippers. This mosque helped reduce the carbon footprint of mosques in Dubai by 5%, surpassing initial targets. Looking ahead, Dubai has also begun work on the UAE's first 3D-printed mosque, set to open in 2026, reinforcing its reputation as a leader in technology-driven urban development. However, no updates were provided on the world's first floating mosque, originally announced in 2023 with an estimated cost of Dh55 million. Ahead of Ramadan, Dubai has already inaugurated two new mosques. The Ibrahim Ali Al Gergawi Mosque in Mirdif, covering 2,226 square metres, accommodates 544 worshippers. Similarly, the Ata Al-Rahman Mosque in Al Barsha (Arjan), built over 1,275 square metres, accommodates 504 worshippers and includes modern prayer facilities for both men and women. IACAD also revealed that over Dh50 million has been raised through donations, while efforts to enhance the localisation of mosque architecture are ongoing in collaboration with the American University's School of Architecture. With these initiatives, Dubai is set to enhance its religious infrastructure, ensuring sustainable, inclusive, and technologically advanced places of worship.
Khaleej Times
28-01-2025
- Business
- Khaleej Times
Booming UAE e-commerce market spurs changes in distribution business
Revenue in the UAE's e-commerce market is projected to grow at 8.39 per cent from $33.97 billion (Dh125 billion) in 2025 to $46.88 billion (Dh172 billion) by 2029, according to a report by a global online market intelligence provider, as consumers in the UAE are enjoying the benefits of e-commerce and digital payment. Sale and distribution of goods – both wholesale and retail – are fast shifting to the online space due to a change in consumer behaviour in digital payments that is expected to grow at a compound annual growth rate (CAGR) of 13.80 per cent from $80.37 billion (Dh295 billion) this year to $134.80 billion (Dh495 billion) in 2029, according to a research report. To cash in on this trend, Blue Ocean Global Group, a Dubai-based distributor of electronics, household appliances and consumer goods, has shifted its business model to completely cater to online distribution and e-commerce. More than 80 per cent of the company's topline revenue now comes from online distribution and e-commerce. It has its presence in Saudi Arabia, which has higher consumer spend caused by the country's massive economic diversification and development plan. 'More than 6.5 million, or 65 per cent of the UAE population shop online in 2023 as suppliers and distributors shift to e-commerce space in the UAE and GCC. Blue Ocean Global Group has sharpened its focus to online distribution channels due to high market demand,' Shahzad Ahmed, Chairman of Blue Ocean Global Group, says. 'Driven by the convenience of fast delivery, ease in payments, transparency and customer convenience, the UAE consumers are increasingly using online purchase for their regular needs.' Founded in 2013, Blue Ocean Global is a leading e-commerce distributor in the Middle East, with headquarters in Dubai. It has offices in Saudi Arabia. 'Our shift to online distribution is a natural move in line with the market dynamics and we are currently expanding the online distribution to the rest of the GCC region, especially Saudi Arabia where we see a massive growth opportunity,' says. Rohit Savara CEO of Blue Ocean Global Group The online distribution and e-commerce business took off in the UAE and the GCC region during the Covid-19 pandemic and have been growing at a faster pace since then. 'The UAE is the region's leader in e-commerce business. Due to this, we have also shifted our focus on the online space. Our distribution of household appliances, telecom, electronic and electrical products and accessories, has grown over the last few years. The growth in online distribution has jumped quite a lot,' Ahmed said. As one of the largest online distributors of electronics, household appliances, and consumer products, Blue Ocean Global holds brand sales and distribution rights for globally renowned brands such as NEC, Mitel, Gigaset, Black + Decker, Double AA, Kodak, Toshiba, Godrej, Rasasi, Philips, and many more. It operates through sales channels, E-commerce, business-to-business, and regional distribution. It services consumers of premium quality brands in over 40 countries across Middle East, Africa, South Asia, United Kingdom, and European Union.
Zawya
28-01-2025
- Business
- Zawya
Blue Ocean Global leads UAE's consumers shift towards AED 125bln e-commerce market
UAE e-commerce revenue to grow at 8.39% from US$33.97 billion (Dh125 billion) in 2025 to US$46.88 billion (Dh172 billion) by 2029; The Central Bank of the UAE processed 334.3 million payment transactions amounting to Dh19.2 trillion (US$5.23 trillion), a 20% increase in 2023, compared to 2022; More than 6.5 million, or 65% of the UAE population shopped online in 2023 as distributors and retailers shift to e-commerce space; Total transaction value in the digital payments market is set to grow at 13.8% from US$80.37 billion in 2025 to US$134.8 billion in 2029. Dubai, United Arab Emirates: Blue Ocean Global Group, a Dubai-based distributor of electronics, household appliances and consumer goods, has strengthened its online distribution and e-commerce business in line with the current trend, to maximise customer convenience. More than 80 percent of the company's topline revenue now comes from online distribution and e-commerce. It has its presence in Saudi Arabia, which has higher consumer spend caused by the country's massive economic diversification and development plan. 'More than 6.5 million, or 65 percent of the UAE population shop online in 2023 as suppliers and distributors shift to e-commerce space in the UAE and GCC. Blue Ocean Global Group has sharpened its focus to online distribution channels due to high market demand,' Shahzad Ahmed, Chairman of Blue Ocean Global Group, says. 'Driven by the convenience of fast delivery, ease in payments, transparency and customer convenience, the UAE consumers are increasingly using online purchase for their regular needs.' Sale and distribution of goods – both wholesale and retail – are fast shifting to the online space due to a change in consumer behaviour in digital payments that is expected to grow at a compound annual growth rate (CAGR) of 13.80 percent from US$80.37 billion (Dh295 billion) this year to US$134.80 billion (Dh495 billion) in 2029, according to a research report. Founded in 2013, Blue Ocean Global is a leading e-commerce distributor in the Middle East, with headquarters in Dubai. It has offices in Saudi Arabia. Revenue in the UAE's e-commerce market is projected to grow at 8.39 percent from US$33.97 billion (Dh125 billion) in 2025 to US$46.88 billion (Dh172 billion) by 2029, according to a report by a global online market intelligence provider, as consumers in the UAE are enjoying the benefits of e-commerce and digital payment. 'Our shift to online distribution is a natural move in line with the market dynamics and we are currently expanding the online distribution to the rest of the GCC region, especially Saudi Arabia where we see a massive growth opportunity,' says. Rohit Savara CEO of Blue Ocean Global Group 'The online distribution and e-commerce business took off in the UAE and the GCC region during the COVID-19 pandemic and have been growing at a faster pace since then. The UAE is the region's leader in e-commerce business. Due to this, we have also shifted our focus on the online space. 'Our distribution of household appliances, telecom, electronic and electrical products and accessories, has grown over the last few years. The growth in online distribution has jumped quite a lot. As one of the largest online distributors of electronics, household appliances, and consumer products, Blue Ocean Global holds brand sales and distribution rights for globally renowned brands such as NEC, Mitel, Gigaset, Black + Decker, Double AA, Kodak, Toshiba, Godrej, Rasasi, Philips, and many more. It operates through sales channels, E-commerce, business-to-business, and regional distribution. It services consumers of premium quality brands in over 40 countries across Middle East, Africa, South Asia, United Kingdom, and European Union. About Blue Ocean Global Group Blue Ocean Global is a leading E-commerce distributor in the Middle East. Established in the year 2013 with headquarters in Dubai, UAE and office in Riyadh, Saudi Arabia. As one of the largest E commerce distributors in the region of small domestic appliances lifestyle brands, perfumes, Fast-Moving Consumer Goods (FMCG) and telecom. Blue Ocean Global has brand sales and distribution rights for globally renowned brands such as NEC, Mitel, Gigaset, Black + Decker, Double AA, Kodak, Toshiba, Godrej, Rasasi, Philips, and many more. It operates in E-commerce and business-to-business distribution. It caters to over 40 countries in Middle East, Africa, South East Asia, Indian subcontinent and Australasia. Web : LinkedIn : For more information, kindly contact: Company Blue Ocean Global Group Pan Asian Media Contact Person Mr Arvind Prasad Muhammad Yusuf Company Address P.O. Box 502833, Dubai, UAE P.O. Box 39865, Dubai, UAE Email arvind@
