Latest news with #Dh625
Al Etihad
18-05-2025
- Business
- Al Etihad
Strategic pivot, construction boom fuelled EMSTEEL's strong Q1 performance: Group CEO
18 May 2025 22:12 SARA ALZAABI (ABU DHABI)Powered by solar energy, streamlined logistics, and high-strength steel solutions, EMSTEEL closed the first quarter of 2025 with strong momentum. A strategic shift bolstered the company's performance despite a global dip in steel prices, its CEO told of the company's participation in Make it in the Emirates, which kicks off today, Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said their Q1 revenue growth was underpinned by a strong combination of volume expansion, product mix optimisation, and strategic market positioning. EMSTEEL reported Dh2.2 billion in revenues for Q1 2025, marking a 1% increase compared to the same period last year."A 21% year-on-year increase in finished goods sales volume reflected both operational efficiency and robust customer demand," he said. Driven by the construction boom in the UAE, a strategic pivot played a key role in the company's strong performance, the CEO said. EMSTEEL has increased the production of its finished steel goods by 17% and sales by 21%, after fully converting its semi-finished billet stock to meet local low-margin billet sales to premium finished products such as rebar, wire rods and structural sections, EMSTEEL's drive has insulated the company from price pressures."This strategic repositioning affirms EMSTEEL's focus on quality-driven growth and long-term margin resilience," Al Remeithi told Aletihad. This shift to fully finished products also aligns with the company's operational direction. "While product mix may vary depending on market conditions, the company consistently aims to optimise value and performance across its offerings. This approach strengthens resilience against market volatility and aligns with the company's commitment to innovation, quality, and sustainable growth," Al Remeithi said. A Dh625 Million Boost EMSTEEL is set to gain further momentum with its Dh625 million Asset Enhancement Programme, announced earlier this year. The initiative aims to enhance production flexibility, enable entry into high-end markets, and strategically expand the company's product mix to support energy infrastructure and key industrial sectors."The programme also strengthens EMSTEEL's position in sustainable manufacturing, enabling lower-emission operations and supporting the UAE's decarbonisation and localisation ambitions. Ultimately, this investment reinforces EMSTEEL's role as a regional leader in advanced steel solutions, ready to meet the demands of a rapidly evolving market," Al Remeithi said. Looking Ahead The rail project between Oman and the UAE is bound to strengthen EMSTEEL's supply chain, especially with its new Al Ain rail facility that has an annual capacity of 4.2 million tonnes of bulk raw material, Al Remeithi said. This will enable cost-effective, sustainable supply for cement production and further drive regional Cement, which recorded a 17% spike in sales, is now shifting focus to margin improvement and operational efficiency."The company is well-positioned to capture emerging opportunities, deepen customer relationships, and expand its footprint in high-growth segments," the group's CEO is another focus for EMSTEEL. The UAE's largest industrial solar PV rooftop - which can deliver 50 million kWh annually - is set to power EMSTEEL's facilities. This has the potential to offset approximately 16,000 metric tonnes of CO₂ emissions."This initiative strengthens operational efficiency and reinforces EMSTEEL's leadership in industrial decarbonisation," Al Remeithi evolving demand from the next crop of Abu Dhabi's transformative developments and mega projects has been shaping EMSTEEL's mission and priorities. "Our steel has been used in some of the UAE's most iconic landmarks, including the Guggenheim Museum and Khalifa Port, and we are committed to supporting the emirate's continued growth," Al Remeithi said.
The National
19-03-2025
- General
- The National
UAE organisation aims to help support 20,000 orphans in Gaza
Live updates: Follow the latest on Israel-Gaza A UAE organisation has launched a programme aiming to help provide long-term support for 20,000 orphans in Gaza. The Big Heart Foundation is asking residents and companies to support a Palestinian orphan by donating from Dh625 per month up to Dh75,000 for 10 years of assistance through its 'For Gaza' scheme. Donors can commit to monthly, annual, five-year or 10-year payments under a structured sponsorship model. The details were revealed during a charity suhoor held at the Sharjah Research, Technology and Innovation Park on Monday, in the presence of philanthropists, business leaders and representatives from the humanitarian sector. The programme is part of the Palestinian Taawon Welfare Association's Noor campaign, which aims to raise $377 million to provide access to education, health care, psychological support and other essential services for orphaned children in Gaza. 'Our approach is rooted in sustainability. We do not deduct administrative fees from donations, ensuring that every dirham reaches those in need,' said Alya Al Musaiebi, director of the foundation. 'This is a testament to our values and our promise to the generous donors who believe in this cause, to restore hope to children who lost their families and dreams amid the war and suffering.' Children will receive not just financial aid, but structured support that fosters stability, education and psychological well-being. An Eid Clothing Initiative is also part of the campaign, enabling donors to contribute Dh200 to provide new clothes for orphans, ensuring they can celebrate with dignity and joy. Taawon's expertise, built through decades of experience in Gaza, ensures that aid reaches those in need efficiently and transparently. 'Building on our experience in development and humanitarian programmes, we have structured the Noor initiative to support Gaza's orphans comprehensively,' said Dr Tareq Emtairah, director general of Taawon. 'With the foundation as a strategic partner, we are scaling our efforts to provide long-term stability, ensuring that these children not only survive but thrive.' In October 2024, the UN children's agency Unicef estimated there were up to 18,000 orphans in the Gaza Strip after more than a year of fighting between Israel and Hamas, many of them without any family members. The For Gaza campaign calls upon philanthropists, businesses, civil society and individuals to take part in shaping a better future for them. Donors can contribute through bank transfer to Sharjah Islamic Bank, cheque payments to the foundation headquarters, cash donations, online contributions or by SMS. Support one orphan for Dh625 for a month, Dh7,500 for a year, Dh37,000 for five years and Dh75,000 for 10 years.
Khaleej Times
18-03-2025
- General
- Khaleej Times
From day-old babies to children: How Sharjah has been helping Gaza's orphans
Baby Malak was just a few days old when she was found wrapped in a cloth, hanging from a tree in October 2023 in Gaza with no sign of her parents or family. Today, she has been adopted by a nurse and is living healthily in the city. Thousands of children in Gaza, including baby Malak, are benefitting from the work done by Sharjah's The Big Heart Foundation (TBHF). TBHF has partnered with Palestine-based Taawon (Welfare Association) to launch a campaign titled 'For Gaza' which aims to provide long-term care and essential services for over 20,000 orphaned children in the city. On Monday, the foundation held an event for philanthropists and community members to spread awareness about the campaign and invite them to donate for a good cause. Speaking to Khaleej Times on the sidelines of the event, Dr Tareq Emtairah, Director General of Taawon, explained that they were looking for long-term commitments from their donors. 'Any partner that joins us, ideally would sponsor a kid over five or ten years,' he said. 'This is so that we can create a sustainable support for these kids. If you take care of a kid for five years and abandon it later on, it is very dangerous. That's why we are very careful to make sure that we campaign for enough funding to support the children until they are 18 years." This came as Israeli strikes on various locations killed at least 300 people across the Gaza Strip on Tuesday, ending a weeks-long standoff over extending the ceasefire that halted fighting in January. Impact TBHF has been collaborating with Taawon since 2013 to help those in need in Palestine and has completed 11 projects, which has impact over one million people. Established in 1983, Taawon is one of the largest developmental organisations in Palestine. According to Dr Tareq, the association has managed to collect the details of more than 20,000 of the 35,000 orphaned children in Gaza. 'We have verified and registered them in our system,' he said. 'Over half of them are less than two years old and we consider them the most vulnerable. Our priority in the case of orphaned children is to find relatives or extended family members to raise them. We try to encourage local adoptions because we want the children of Gaza to stay there so that they can rebuild the city.' The campaign launched by Sheikha Jawaher bint Mohammed Al Qasimi, seeks to secure sustainable aid for over 2,000 children in the form of education, healthcare, psychological support, food, and shelter. Dr Tareq added that it cost $170 (approximately Dh625) to sponsor a child for a month in Gaza. 'The vocational training and education will cost about $69,' he said. 'Food and clothing costs about $50 and healthcare costs $30. The remaining goes into their mental and social care.' Art exhibition An art exhibition held on the sidelines of the event showed different parts of Gaza. Some painted glimmers of hope while others depicted the horrors of the ongoing war. Ranging from Dh2,500 to Dh35,000, the paintings were being sold to raise money for the campaign. Palestinian artist Rihab Saidam's piece titled the 'Mother of the Martyr' showed a mother carrying her dead child wrapped in a keffiyeh. Another one of her painting captured the pain of a sister kissing the hands of her baby brother who had been killed in the war. 'I have been living in the UAE for the last 45 years,' she said. 'I have never seen my homeland and I don't know if I will ever see it. I have family back home in Gaza. The only thing I can do is to keep talking, raise awareness and hope that my paintings sell so I can donate the money to help the children.'
Khaleej Times
18-03-2025
- Health
- Khaleej Times
For Gaza's orphans: Sharjah foundation launches Zakat campaign to save war-traumatised children
A Sharjah-based foundation is calling on UAE residents to support thousands of orphans in Gaza with their Zakat (obligatory charity) and other charitable donations during Ramadan. Contributions starting from $167 (Dh625) will help provide education, healthcare — including psychological support —nutrition, and safe shelter to orphans till they reach the age of 18. 'The situation in Gaza is a pressing humanitarian crisis, with children bearing the heaviest burden of war. As of August 2024, approximately 45,000 children in Gaza are orphaned — a staggering figure that reflects the devastating impact of ongoing conflict. Before the war, 20,000 children had already lost one or both parents, but since October 7, 2023, that number has more than doubled, with 25,000 more children becoming orphans,' Alya Al Musaiebi, director of The Big Heart Foundation (TBHF), told Khaleej Times. 'Many now fall under the heartbreaking category of 'Injured Child with No Surviving Family' (WCNSF) — children who, in addition to losing their parents, are suffering from severe injuries with no remaining family to care for them.' TBHF's 'For Gaza' campaign ensures that orphaned and displaced children receive immediate and long-term support. 'The challenges facing Gaza's orphaned children are immense and life-threatening, extending far beyond the grief of losing their families,' said Alya. 'Hunger has become a daily battle, with severe food shortages leaving many children malnourished and struggling to survive. Without shelter, countless children have no safe place to sleep, forced to endure harsh conditions with little protection. Chronic illnesses and injuries remain untreated, as access to medical care is scarce, putting their lives at constant risk.' One major impact is the psychological trauma of war. Many suffer in silence, deprived of essential mental health support. Stay up to date with the latest news. Follow KT on WhatsApp Channels. 'Healthcare, particularly psychological support, is a cornerstone of the initiative, as many of these children have witnessed horrors no child should ever experience. Through TBHF's strategic partnership with Tawoon Foundation, orphans will receive critical medical aid and psychological support, ensuring that their mental and emotional well-being is prioritised alongside their physical needs. The programme is designed to replace fear with hope, providing psychological care to help them process their trauma and reclaim their futures with dignity and resilience.' The destruction of schools has disrupted the children's education. Deprived of basic healthcare and psychological care, these children endure 'unimaginable hardship, with no clear path to recovery or stability'. Alya listed the different donation options residents have: $167 (Dh625) provides food, healthcare, and education for one orphan for a month. $2,000 (Dh7,500) sponsors an orphan for a year, giving them stability and security. $10,000 (Dh37,500) offers five years of continuous care. $20,000 (Dh75,000) secures a child's well-being for 10 years. Donations to the 'For Gaza' campaign qualify as Zakat, the official clarified. 'This campaign directly supports orphans, one of the most deserving recipients of Zakat, by providing essential care, food, shelter, and education. Donating to this cause is not only an act of generosity but a religious and humanitarian duty.' Implemented by TBHF in partnership with the Tawoon Foundation, the 'For Gaza campaign aims to provide comprehensive and long-term care for Gaza's orphans. 'Through this collaboration, TBHF is supporting Tawoon's Noor Gaza Orphan Care Program, launched in partnership with Bank of Palestine Group … With $7.1 million already raised, the programme has delivered essential aid to over 11,000 orphans and seeks to raise $377 million to secure sustained support for Gaza's most vulnerable children.' Established in 1983, Taawon is one of the largest non-profit organizations supporting Palestinian communities. WCNSF: Injured Children with No Surviving Family Alya explained that the term 'Injured Children with No Surviving Family' (WCNSF) refers to children in Gaza who have suffered severe injuries and have lost their entire families due to the war, leaving them with no caregivers or support system. 'These children face not only the physical pain of their injuries but also the psychological trauma of losing their loved ones and the uncertainty of their future.' The classification emerged in response to the unprecedented crisis in Gaza following the war that began on October 7, 2023, as the number of orphaned and injured children rose dramatically. Humanitarian organisations and aid agencies began using this term to identify children in dire need of immediate medical attention, psychological support, and long-term care. 'Efforts to address the crisis include specialised interventions through orphan care programmes, psychological rehabilitation, and emergency medical treatment, ensuring these children receive the necessary support to survive, heal, and regain a sense of security,' said Alya.
