Latest news with #ExCeLLondon
Straits Times
28-04-2025
- Business
- Straits Times
Japan's Nintendo fans test Switch 2 ahead of launch amid tariff worries
An attendee plays with the Nintendo Switch 2 gaming device at a media event in Tokyo on April 3. PHOTO: REUTERS CHIBA, Japan - Nintendo fans were given a chance to try out the company's new Switch 2 gaming device at an event near Tokyo on April 26, ahead of a release that some worry could be overshadowed by tariffs driving up prices. 'Since Mr Trump became president, tariffs have gone up, so I am concerned about a price hike not just for the game console but for accessories too,' said Mr Hidenori Tanaka, 55, a real estate company employee, who attended the event. Consumers around the world could face higher prices for electronic devices as tariffs imposed by United States President Donald Trump's administration on trading partners, including China, raise costs for companies operating global supply chains. While Mr Trump has rolled back some tariffs, the threat of a damaging trade war still looms. Gamers at the pre-launch event began lining up outside the Makuhari Messe convention centre near Tokyo from mid-morning to play Mario Kart World, Donkey Kong Bonanza, and other titles on the Switch 2. An attendee plays Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London on April 11. PHOTO: REUTERS Despite the possibility of higher prices, there are early indicators of robust consumer demand for the successor to the Switch, which has sold more than 150 million units since 2017 and transformed Nintendo's fortunes. The Kyoto-based gaming company said on April 23 it had received 2.2 million applications in the lottery for Switch 2 in Japan and could not fulfil all the demand. 'Honestly, I didn't think I had a shot. Everyone on social media was saying they missed out, so I figured I would too,' said Mr Hyuma Hashiguchi, 28, who won the lottery to be among the first to buy the Switch 2. Nintendo is holding hands-on events around the world including in New York, Berlin and Hong Kong. The Switch 2 will sell for 49,980 yen (S$460) for a Japanese-language-only version. In the US, Nintendo initially paused pre-orders due to tariff concerns but later said it would maintain pricing at US$449.99 (S$590). REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Zawya
17-03-2025
- Business
- Zawya
Adnec Group adds record $2.3bln to UAE economy in 2024
Adnec Group, a company which owns and operates the region's largest expo venue - Adnec Centre Abu Dhabi - has announced that it has delivered the highest economic impact in its history, contributing AED8.5 billion ($2.3 billion) to the UAE economy. This even surpassed the previous year's figure of AED7.4 billion, thus highlighting the group's growing role in driving economic growth and supporting the UAE's strategic objective of building a diversified, knowledge-based economy, said Adnec Group in a statement. The year also saw Adnec Group successfully acquire Royal Catering and the Business Design Centre in London, UK, expanding its portfolio of venues to four and strengthening its market presence. These achievements underscore Adnec Group's commitment to fostering talent and delivering exceptional results across its key business segments, it stated. Managing Director and Group CEO Humaid Matar Al Dhaheri said: "2024 has been a landmark year for Adnec Group, marked by exceptional achievements across all sectors of our business. These milestones are a direct result of the sustained support of our wise leadership, whose guidance enables us to continue contributing to Abu Dhabi's economic growth and global prominence." "Sustainability remained a key focus, with Adnec winning the Sheikh Hamdan Environmental Award," he stated. The Adnec Centre Abu Dhabi also became the first Mice venue in the Middle East to be powered by clean energy from the Emirates Water and Electricity Company (EWEC), setting a new standard for environmental leadership in the region. The launch of TerraTile, an innovative sustainable flooring product made from exhibition waste, demonstrated the group's dedication to advancing sustainability in the events industry, it added. Adnec Group's venues including Adnec Centre Abu Dhabi, Adnec Centre Al Ain and ExCeL London hosted more than 1,000 events in 2024, welcoming over 5.4 million visitors, the highest number in its history. Among the year's highlights were the completion of the ExCeL London expansion, which saw the venue reach 270,000 sq m. Adnec Centre Abu Dhabi hosted the largest and most successful editions of flagship events such as the Abu Dhabi International Boat Show (ADIBS), Global Food Week, and Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX). Capital Events, the event organising arm of Adnec Group, facilitated more than AED10 billion in deals at eight of its events, further solidifying its reputation as a leader in event management. Adnec Hotels welcomed a record-breaking 1,531,000 guests, while Capital Catering, the group's Food & Beverage cluster, delivered 40 million meals across 45 locations and catered for 2,200 weddings and events, including the largest corporate Iftar at Adnec Centre Abu Dhabi for 8,000 guests, said the statement. Capital 360 Event Experiences achieved its most successful year, driven by regional expansion and key project wins, including ventures in Saudi Arabia and Qatar. Tourism 365, the tourism arm of Adnec Group, managed 350,000 travellers, generating 250,000 room nights, the highest performance since its establishment. Twofour54, an Adnec Group company, expanded its offerings with the launch of two TV studios at Yas Creative Hub. "Our 2024 results also reflect Adnec's unwavering dedication to delivering significant value to our key shareholders and partners in both the government and private sectors, as well as the hard work and commitment of our team to innovation, sustainability and excellence," he stated. "As we look to the future, we remain focused on driving positive impact locally and globally, in alignment with the UAE's vision for economic diversification and sustainable development," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
16-03-2025
- Business
- Trade Arabia
Adnec Group adds record $2.3bn to UAE economy in 2024
Adnec Group, a company which owns and operates the region's largest expo venue - Adnec Centre Abu Dhabi - has announced that it has delivered the highest economic impact in its history, contributing AED8.5 billion ($2.3 billion) to the UAE economy. This even surpassed the previous year's figure of AED7.4 billion, thus highlighting the group's growing role in driving economic growth and supporting the UAE's strategic objective of building a diversified, knowledge-based economy, said Adnec Group in a statement. The year also saw Adnec Group successfully acquire Royal Catering and the Business Design Centre in London, UK, expanding its portfolio of venues to four and strengthening its market presence. These achievements underscore Adnec Group's commitment to fostering talent and delivering exceptional results across its key business segments, it stated. Managing Director and Group CEO Humaid Matar Al Dhaheri said: "2024 has been a landmark year for Adnec Group, marked by exceptional achievements across all sectors of our business. These milestones are a direct result of the sustained support of our wise leadership, whose guidance enables us to continue contributing to Abu Dhabi's economic growth and global prominence." "Sustainability remained a key focus, with Adnec winning the Sheikh Hamdan Environmental Award," he stated. The Adnec Centre Abu Dhabi also became the first Mice venue in the Middle East to be powered by clean energy from the Emirates Water and Electricity Company (EWEC), setting a new standard for environmental leadership in the region. The launch of TerraTile, an innovative sustainable flooring product made from exhibition waste, demonstrated the group's dedication to advancing sustainability in the events industry, it added. Adnec Group's venues including Adnec Centre Abu Dhabi, Adnec Centre Al Ain and ExCeL London hosted more than 1,000 events in 2024, welcoming over 5.4 million visitors, the highest number in its history. Among the year's highlights were the completion of the ExCeL London expansion, which saw the venue reach 270,000 sq m. Adnec Centre Abu Dhabi hosted the largest and most successful editions of flagship events such as the Abu Dhabi International Boat Show (ADIBS), Global Food Week, and Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX). Capital Events, the event organising arm of Adnec Group, facilitated more than AED10 billion in deals at eight of its events, further solidifying its reputation as a leader in event management. Adnec Hotels welcomed a record-breaking 1,531,000 guests, while Capital Catering, the group's Food & Beverage cluster, delivered 40 million meals across 45 locations and catered for 2,200 weddings and events, including the largest corporate Iftar at Adnec Centre Abu Dhabi for 8,000 guests, said the statement. Capital 360 Event Experiences achieved its most successful year, driven by regional expansion and key project wins, including ventures in Saudi Arabia and Qatar. Tourism 365, the tourism arm of Adnec Group, managed 350,000 travellers, generating 250,000 room nights, the highest performance since its establishment. Twofour54, an Adnec Group company, expanded its offerings with the launch of two TV studios at Yas Creative Hub. "Our 2024 results also reflect Adnec's unwavering dedication to delivering significant value to our key shareholders and partners in both the government and private sectors, as well as the hard work and commitment of our team to innovation, sustainability and excellence," he stated.
Al Etihad
14-03-2025
- Business
- Al Etihad
ADNEC Group reports record achievements in 2024
14 Mar 2025 22:13 ABU DHABI (ALETIHAD)ADNEC Group has delivered the highest economic impact in its history, contributing Dh8.5 billion to the UAE economy and surpassing the Dh7.4 billion achieved in 2023. This milestone highlights the group's growing role in driving economic growth and supporting the UAE's strategic objective of building a diversified, knowledge-based Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, said: '2024 has been a landmark year for ADNEC Group, marked by exceptional achievements across all sectors of our business. These milestones are a direct result of the sustained support of our wise leadership, whose guidance enables us to continue contributing to Abu Dhabi's economic growth and global prominence.'Our 2024 results also reflect ADNEC's unwavering dedication to delivering significant value to our key shareholders and partners in both the government and private sectors, as well as the hard work and commitment of our team to innovation, sustainability and excellence. As we look to the future, we remain focused on driving positive impact locally and globally, in alignment with the UAE's vision for economic diversification and sustainable development.'The year also saw ADNEC Group successfully acquire Royal Catering and the Business Design Centre in London, UK, expanding its portfolio of venues to four and strengthening its market presence. These achievements underscore ADNEC Group's commitment to fostering talent and delivering exceptional results across its key business remained a key focus, with ADNEC Group winning the Sheikh Hamdan Environmental Award. The ADNEC Centre Abu Dhabi also became the first MICE venue in the Middle East to be powered by clean energy from the Emirates Water and Electricity Company (EWEC), setting a new standard for environmental leadership in the launch of TerraTile, an innovative sustainable flooring product made from exhibition waste, demonstrated the group's dedication to advancing sustainability in the events venues including ADNEC Centre Abu Dhabi, ADNEC Centre Al Ain and ExCeL London hosted more than 1,000 events in 2024, welcoming over 5.4 million visitors, the highest number in its history. Among the year's highlights were the completion of the ExCeL London expansion, which saw the venue reach 270,000 square metres. ADNEC Centre Abu Dhabi hosted the largest and most successful editions of flagship events such as the Abu Dhabi International Boat Show (ADIBS), Global Food Week, and Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX).Capital Events, the event organising arm of ADNEC Group, facilitated more than Dh10 billion in deals at eight of its events, further solidifying its reputation as a leader in event management. ADNEC Hotels welcomed a record-breaking 1,531,000 guests, while Capital Catering, the group's Food & Beverage cluster, delivered 40 million meals across 45 locations and catered for 2,200 weddings and events, including the largest corporate Iftar at ADNEC Centre Abu Dhabi for 8,000 360 Event Experiences achieved its most successful year, driven by regional expansion and key project wins, including ventures in Saudi Arabia and Qatar. Tourism 365, the tourism arm of ADNEC Group, managed 350,000 travellers, generating 250,000 room nights, the highest performance since its an ADNEC Group company, expanded its offerings with the launch of two state-of-the-art TV studios at Yas Creative Hub and supported 34 regional and international productions through its Tawasol initiative. The group also exited its investment in ZenHR, delivering a 300 per cent Group's 2024 achievements highlight exceptional performance across its seven core business sectors, including venues, events, hospitality, food and beverage, services, tourism, and media. These accomplishments were driven by the group's efforts to innovate, expand and embrace sustainability across all its business units. As ADNEC Group enters 2025, it remains committed to advancing Abu Dhabi's vision for economic diversification and sustainable development.
