Latest news with #SybillePfaff
Khaleej Times
7 days ago
- Business
- Khaleej Times
German Consul General tours Al Maya Supermarket in a celebration of trade and taste
In a powerful gesture of cross-border collaboration, Sybille Pfaff, Consul General of the Federal Republic of Germany to Dubai, visited the iconic flagship store of Al Maya Supermarket in Dubai. This prestigious visit underscored the shared commitment of Germany and the UAE to deepening economic, cultural, and commercial ties through platforms that reach directly into the lives of everyday consumers. Sybille Pfaff was warmly received by Kamal Vachani, group director and Partner at Al Maya Group, who personally led the tour across the store's vibrant international sections. Of particular note were the shelves stocked with premium German products — a symbol of the enduring trade bond between the two nations. She was accompanied by Daisy Schmidt, director Competence Center for Food and Agriculture of German Chamber of Commerce. Germany and the UAE enjoy a long-standing partnership built on mutual trust and economic synergy. With over $130 billion (Dh 478 billion) in non-oil trade over the past decade, and Germany accounting for 22 per cent of all Arab-German commerce, the collaboration continues to flourish. In 2021 alone, non-oil trade reached $9.5 billion — marking a 10.5 per cent year-on-year increase. 'We are truly honoured to welcome Sybille Pfaff and Daisy Schmidt to Al Maya,' said Kamal Vachani. 'This visit reflects our shared values of openness, quality, and global connection. At Al Maya, we take great pride in being a cultural and commercial bridge — bringing the best of the world to the region.' With a strong presence across the GCC, Al Maya Group remains a powerhouse in retail, distribution, and import, championing international cooperation through its extensive offerings and inclusive business philosophy.
Zawya
28-05-2025
- Business
- Zawya
German Consul General tours Al Maya Supermarket in a celebration of trade and taste
Dubai, UAE – In a powerful gesture of cross-border collaboration, H.E. Sybille Pfaff, Consul General of the Federal Republic of Germany to Dubai, visited the iconic flagship store of Al Maya Supermarket in Dubai. This prestigious visit underscored the shared commitment of Germany and the UAE to deepening economic, cultural, and commercial ties through platforms that reach directly into the lives of everyday consumers. Her Excellency was warmly received by Mr. Kamal Vachani, Group Director and Partner at Al Maya Group, who personally led the tour across the store's vibrant international sections. Of particular note were the shelves stocked with premium German products — a symbol of the enduring trade bond between the two nations. Her Excellency was accompanied by Ms Daisy Schmidt, Director Competence Center for Food and Agriculture of German Chamber of Commerce Germany and the United Arab Emirates enjoy a long-standing partnership built on mutual trust and economic synergy. With over USD 130 billion (AED 478 billion) in non-oil trade over the past decade, and Germany accounting for 22% of all Arab-German commerce, the collaboration continues to flourish. In 2021 alone, non-oil trade reached USD 9.5 billion — marking a 10.5% year-on-year increase. 'We are truly honoured to welcome Her Excellency and Ms Daisy Schmidt to Al Maya,' said Mr. Kamal Vachani. 'This visit reflects our shared values of openness, quality, and global connection. At Al Maya, we take great pride in being a cultural and commercial bridge — bringing the best of the world to the region.' With a strong presence across the GCC, Al Maya Group remains a powerhouse in retail, distribution, and import, championing international cooperation through its extensive offerings and inclusive business philosophy.
Zawya
27-05-2025
- Business
- Zawya
High-level German delegation visits IFZA for strategic business talks in Dubai
Dubai, UAE – In response to the shifting dynamics of global trade, German small and medium-sized enterprises (SMEs) are increasingly seeking stable and strategic markets for international expansion. Reflecting this trend, a high-level business delegation from the German Association for Small and Medium-sized Businesses (BVMW) visited Dubai and Abu Dhabi. The visit was hosted by IFZA, Dubai's most dynamic Free Zone community. The visit comes at a time when many German SMEs are actively expanding into international markets such as the UAE, as trade relations between both countries continue to grow. The delegation was warmly welcomed by H.E. Sybille Pfaff, Consul General of the Federal Republic of Germany in Dubai. In her opening remarks, she shared valuable insights into the bilateral ties between Germany and the UAE, emphasizing the growing importance of economic partnerships. The official agenda included IFZA-led presentations on company formation, legal framework, tax efficiency and market opportunities, as well as success stories of German companies in Dubai. These were complemented by legal consultations and expert insights from tax specialists, offering participants practical guidance on the UAE's legal and fiscal framework. 'Dubai offers German entrepreneurs more than just a foothold in the Middle East – it serves as a gateway to the emerging markets of Asia and Africa,' said Jochen Knecht, CEO of IFZA. 'We are pleased to continue our longstanding partnership with BVMW and showcase how German businesses can establish themselves in the UAE and benefit from its liberal business environment and robust infrastructure. We are confident this visit will serve as a catalyst for further collaboration and investment between Dubai and Germany, contributing to shared growth and prosperity.' During the visit, IFZA Chairman Martin G. Pedersen received a special honor from the BVMW: in recognition of his outstanding contributions to SMEs and his responsible leadership in business and society, he was officially appointed as Honorary Economic Senator (Wirtschaftssenator h.c.)—making him a member of the BVMW's highest committee, the Federal Economic Senate (BWS). Discussions between both sides focused on global supply chains and Dubai's role in international business and trade networks. Delegates also explored the emirate's wide range of investment opportunities and the shared vision of attracting multinational corporations and fast-growing startups from Germany to Dubai. A key highlight of the visit was a reception hosted at the German Embassy in Abu Dhabi, underlining the strong bilateral relationship between the two nations. 'The three-day exchange with IFZA marked another key milestone in our ongoing collaboration,' said Christoph Ahlhaus, Chairman of the BVMW Federal Executive Board. 'The Gulf region is one of the world's fastest-growing economies, and our visit confirmed the tremendous potential the UAE holds for German SMEs. This delegation trip opens a new chapter in our international engagement, strengthening global ties and emphasizing the BVMW's international orientation—with IFZA as a strong and trusted partner on the ground in Dubai. We are confident that our longstanding partnership and the joint efforts of all involved will significantly support our growing presence in the UAE and strengthen the German economy for the future.' The delegation also enjoyed several opportunities for networking, including a desert dinner, cultural excursions, and a visit to the Department of Economy and Tourism (DET), providing them with a comprehensive overview of the business and lifestyle benefits Dubai has to offer. Germany has long been one of the UAE's most important European trading partners. As trade relations continue to deepen, Germany remains the UAE's second-largest EU trading partner and its 13th globally. With over 2,500 Professional Partners worldwide—including a strong presence in Germany, IFZA is a natural partner for German businesses looking to future-proof their global expansion strategies. About IFZA IFZA is the most dynamic and truly international Free Zone Community in the UAE, optimising the country's strategic location, world-class infrastructure, and business-friendly environment. IFZA differentiates itself through its multi-national approach, providing personalised business establishment solutions through its network of Government Authorities and Professional Partners. Business Owners and Employees can also benefit from a wide spectrum of value-added services within the IFZA ecosystem, including but not limited to property solutions, visa packages and training and development. The IFZA Business Park offers a wide variety of cutting-edge office facilities tailored to meet each Licensee's individual needs and provides a professional, welcoming environment to greet clients, network with other businesses and thrive. For details contact: Daniel Ford Head of Corporate Communications, IFZA dford@ M: +971 56 415 3075
Gulf Today
09-05-2025
- Business
- Gulf Today
Economic partnerships are pillars of growth stimulation: RAK Ruler
His Highness Sheikh Saud Bin Saqr Al Qasimi, Member of the UAE Supreme Council and Ruler of Ras Al Khaimah, affirmed that economic and investment partnerships with various strategic partners are a fundamental pillar for stimulating economic growth, advancing sustainable development, and reinforcing Ras Al Khaimah's rising status as a leading destination for business prosperity and corporate growth. This came during Sheikh Saud's reception on Thursday at his palace in the Saqr Bin Mohammed City, of Sybille Pfaff, Consul General of the Federal Republic of Germany in Dubai and the Northern Emirates, along with a delegation from the German-Emirati Joint Council for Industry and Commerce (AHK). The meeting was also attended by senior officials from the Ras Al Khaimah Economic Zone (RAKEZ). The meeting reviewed bilateral relations between the United Arab Emirates and Germany, with a particular focus on trade, investment, and innovation. It also highlighted recent developments in Ras Al Khaimah across sectors such as infrastructure, industry, and investment growth. Discussions explored future cooperation prospects between RAKEZ and the German-Emirati Council, especially in supporting German companies and enhancing joint initiatives. The conversation also covered the emirate's flourishing economic and investment environment, German companies' outlook in the region, and ways to strengthen their operating landscape. The meeting also involved a productive exchange of ideas on business opportunities and development projects in the emirate. It emphasised Ras Al Khaimah's strategic assets, which include a competitive business environment, advanced infrastructure, and a vital geographic location. Sheikh Saud Bin Saqr Al Qasimi witnessed the signing of a Memorandum of Understanding (MoU) between RAKEZ and the AHK, aimed at building a strategic partnership to support development goals and foster mutual growth. The MoU was signed by Ramy Jallad, Group CEO of RAKEZ, Dr Martin Henkelmann, CEO of AHK. The MoU stipulates enhanced support for both new and existing members of the Council, as well as RAKEZ's partner base, through joint initiatives aimed at business growth, knowledge exchange, and international connectivity. The MoU comes as part of ongoing efforts between both parties to solidify strategic cooperation and strengthen economic and industrial ties between Ras Al Khaimah and the German business community. In turn, Sybille Pfaff and the Council's delegation expressed their deep appreciation to Sheikh Saud for the warm welcome and generous hospitality. They praised the strong economic ties between the UAE and Germany, Sheikh Saud's visionary leadership, and the emirate's advanced investment environment. In February, Ras Al Khaimah Economic Zone (RAKEZ) announced a significant milestone in 2024, with 13,141 new companies joining its thriving ecosystem. This represents an impressive 66% growth in new registrations compared to 2023. With this achievement, RAKEZ is now home to nearly 30,000 multinational companies, reinforcing its status as a leading global hub for business excellence. The growth in 2024 has been driven primarily by commercial activities, including general trading, e-commerce, and related businesses, which together accounted for 53% of the new company registrations. This reinforces RAKEZ's reputation as a thriving hub for traders and businesses seeking strategic access to regional and global markets. Consultancy followed as a key contributor at 24%, with other notable sectors including media and marketing services, wholesale trading, and manufacturing, among many others. This sectoral diversity highlights RAKEZ's ability to cater to the evolving demands of businesses across a wide range of industries, further solidifying its role as a global business enabler. 'Over the past five years, RAKEZ has welcomed double the number of companies to its flourishing business community, reflecting the growing appeal of Ras Al Khaimah as a hub for innovation and global trade,' said Ramy Jallad, Group CEO of RAKEZ. 'This growth highlights our commitment to offering tailored support, streamlined services, and an enabling environment where businesses can expand and reach their full potential. As our community continues to grow, we remain focused on fostering long-term success and unlocking new opportunities for businesses of all sizes and sectors.' Entrepreneurs and companies from around the world contributed to this growth, with India leading the way as the top source of new businesses. This reflects RAKEZ's ongoing efforts to strengthen ties with India through strategic initiatives, such as fostering trade relations and leveraging the UAE-India Comprehensive Economic Partnership Agreement (CEPA). WAM
Sharjah 24
08-05-2025
- Business
- Sharjah 24
RAK Ruler reaffirms commitment to strategic economic partnerships
Reception of German delegation This came during Sheikh Saud's reception today at his palace in the Saqr bin Mohammed City, of Sybille Pfaff, Consul General of the Federal Republic of Germany in Dubai and the Northern Emirates, along with a delegation from the German-Emirati Joint Council for Industry and Commerce (AHK). The meeting was also attended by senior officials from the Ras Al Khaimah Economic Zone (RAKEZ). Focus on UAE-Germany bilateral economic relations The meeting reviewed bilateral relations between the United Arab Emirates and Germany, with a particular focus on trade, investment, and innovation. It also highlighted recent developments in Ras Al Khaimah across sectors such as infrastructure, industry, and investment growth. Discussion on cooperation opportunities Discussions explored future cooperation prospects between RAKEZ and the German-Emirati Council, especially in supporting German companies and enhancing joint initiatives. The conversation also covered the emirate's flourishing economic and investment environment, German companies' outlook in the region, and ways to strengthen their operating landscape. Strategic strengths of Ras Al Khaimah highlighted The meeting also involved a productive exchange of ideas on business opportunities and development projects in the emirate. It emphasised Ras Al Khaimah's strategic assets, which include a competitive business environment, advanced infrastructure, and a vital geographic location. MoU signing ceremony His Highness Sheikh Saud bin Saqr Al Qasimi witnessed the signing of a Memorandum of Understanding (MoU) between RAKEZ and the AHK, aimed at building a strategic partnership to support development goals and foster mutual growth. Details of the MoU agreement The MoU was signed by Ramy Jallad, Group CEO of RAKEZ, and Dr Martin Henkelmann, CEO of AHK. The MoU stipulates enhanced support for both new and existing members of the Council, as well as RAKEZ's partner base, through joint initiatives aimed at business growth, knowledge exchange, and international connectivity. Strengthening Ras Al Khaimah-German business ties The MoU comes as part of ongoing efforts between both parties to solidify strategic cooperation and strengthen economic and industrial ties between Ras Al Khaimah and the German business community. Appreciation from German delegation In turn, Sybille Pfaff and the Council's delegation expressed their deep appreciation to H.H. Sheikh Saud for the warm welcome and generous hospitality. They praised the strong economic ties between the UAE and Germany, His Highness Sheikh Saud's visionary leadership, and the emirate's advanced investment environment.
