Latest news with #TareqAbdulraheemAlHosani
Mid East Info
21-05-2025
- Business
- Mid East Info
Al Ain Farms Group Launches as UAE's National Food Champion, Strengthening Local Production and Regional Reach
Al Ain Farms Group (AAFG) unites five leading UAE dairy, poultry, juice and egg brands Al Ain Farms, Marmum Dairy, Al Ajban Chicken, Al Jazira Poultry Farm's Golden Eggs, and Saha Arabian Farms under one group, with a shared ambition to be the region's leading provider in protein and beverages. Backed by both Ghitha Holding and Yas Holding, AAFG aims to contribute to the UAE's food security, industrial innovation, and self-reliance objectives in line with UAE National Food Security Strategy 2051. AAFG has outlined a five-year roadmap to scale operations, drive innovation, and boost national production. Abu Dhabi, UAE – May, 2025: In a landmark moment for the UAE's food production and industrial sectors, Al Ain Farms Group (AAFG) was officially launched at the 'Make it in the Emirates' Forum 2025. The announcement brings together five of the country's most iconic dairy, poultry, juice and egg brands — Al Ain Farms, Marmum Dairy, Al Ajban Chicken, Al Jazira Poultry Farm's Golden Eggs, and Saha Arabian Farms — under a single, united banner. Backed by Ghitha Holding, a publicly listed conglomerate spanning agriculture, food production and distribution sectors, and Yas Holding, a renowned Abu Dhabi-based, multi-industry investment company, AAFG brings decades of operational strength to serve as a national platform focused on protein and beverages, with the scale and vision to serve broader regional needs. This historic consolidation is a significant milestone in a journey that began in 1981, when the late Sheikh Zayed bin Sultan Al Nahyan established the farm with 200 cows – bringing, for first time in the nation's history, access to fresh milk for its people. What started as a single dedicated entity serving the nation has evolved into a unified group of trusted UAE brands, expanding to meet growing regional demand for high-quality protein and beverages. Today, that commitment to self-reliance has transformed into a national pillar of food sovereignty—one that is rooted in legacy, driven by purpose, and built for global impact. HE Tareq Abdulraheem Al Hosani, Chairman of AAFG, said the launch of AAFG marks an important step in the UAE's long-term food strategy, as outlined by the nation's Food Security Strategy 2051 and National Strategy for Industry and Advanced Technology, to become a regional hub for operational excellence and innovation. 'Al Ain Farms Group reflects the UAE's ambition to lead the region in quality, sustainability, and innovation deeply rooted in our national identity. What began with the humanitarian vision of the UAE's founding father, the late Sheikh Zayed, to nourish communities in the UAE has grown into a national mission of excellence on par with global standards of quality, shaping food — advancing food security, contributing to our industrial strength, and the food systems of tomorrow for all generations to come,' he said. Issa Najeeb Khoory, Deputy CEO of Ghitha Holding and Board Member of AAFG, said that the new group will propel the UAE's food production capabilities into a bold, new future. 'Ghitha's investment in Al Ain Farms Group is a vote of confidence in the UAE's food resilience. We believe in building integrated, future-ready platforms that deliver long-term value to the nation — and AAFG, as a newly consolidated entity, stands at the forefront of that strategy.' Low Ping, Group CEO of Yas Holding stated that 'At Yas Holding, we are proud to support the formation of Al Ain Farms Group, building on our deep-rooted commitment to advancing the UAE's food production sector. This strategic move reflects our ongoing mission to empower key industries that deliver impactful solutions for the people of the UAE. We are confident that Al Ain Farms Group will lead the way in transforming the future of food, not just in the country but across the region.' 'This is more than growth — it's transformation. We're combining the scale of our operations, the trust of our brands, and decades of expertise to create a stronger, more agile food group across the UAE and beyond,' said Hassan Safi, Group CEO of AAFG. 'The consolidation brings the best of each brand under one unified umbrella — delivering the highest quality, efficiency, and standards to better serve our customers and lead the market.' He continued: 'Our priority is to deliver wholesome, high-quality, accessible nutrition to every home in the UAE — and extend that impact through collaborations with leading partners in integrated production, advanced R&D, and automation. We're not just responding to demand — we're setting a new standard for capability, care, and resilience in the region's food sector.' Through the union, AAFG aims to boost local production capabilities and strengthen a self-sustaining food ecosystem. The Group has outlined a five-year roadmap focused on scaling operations, driving product innovation, and expanding its contributions to national food security. AAFG currently holds a significant share of the UAE dairy and poultry market – and is focused on growing its presence across both categories. This scale is matched by impact. AAFG is investing in cutting-edge product development — from sugar free products and excellence in camel milk development to next-generation alternative proteins. But beyond innovation, the Group is reinforcing its leadership in sustainable food production, including recyclable packaging, water recycling and fully integrated local supply chains that reduce import dependency and strengthen regional food resilience. With clear expansion ambitions across the region and beyond, AAFG represents the emergence of a proudly Made in the UAE platform — one that goes beyond inherited infrastructure to build something the nation can truly be proud of. In the face of challenging desert conditions, AAFG reflects the UAE's relentless drive for excellence, delivering food systems that meet global standards and advance the country's reputation as a leader in food innovation. About Al Ain Farms Group: Al Ain Farms Group (AAFG) is a national protein and beverages brand, delivering wholesome, high-quality, and accessible nutrition across fresh dairy, poultry, juice, and eggs. Operating across a fully integrated farm-to-shelf model, AAFG ensures freshness within 24 hours — supporting the UAE's food security goals with products made locally and trusted regionally. The Group brings together five of the UAE's most trusted names in food production: Al Ain Farms – Founded by the late H.H. Sheikh Zayed, a pioneer in the UAE dairy industry and one of the largest integrated dairy and poultry companies in UAE Marmum Dairy – One of best-known brands in dairy, especially with its yoghurt category Al Ajban Chicken – One of the UAE's first and most technologically advanced fresh poultry producers Al Jazira Poultry Farm Golden Eggs – Home of the iconic Golden Eggs, known for traceability and innovation Saha Arabian Farms – A regional egg producer with operations across the UAE and Saudi Arabia AAFG is part of Ghitha Holding PJSC, and backed by Yas Holding LLC, two UAE-based investment groups driving national self-sufficiency and sustainable food systems.
Al Etihad
13-05-2025
- Business
- Al Etihad
Al Forsan International Sports Resort launches Al Forsan Wakeboard Academy to nurture young talent in Abu Dhabi
13 May 2025 16:16 ABU DHABI (ALETIHAD)Al Forsan International Sports Resort has launched an all-new Al Forsan Wakeboard Academy, with Semester 1 beginning in May 2025. Aimed at nurturing young talent aged seven to 17, the academy offers structured, level-based training programmes aligned with school access to the region's fastest and highest cable wakeboarding parks, the academy delivers progressive courses across three skill levels – Beginner (Straight Cable), Semi-Pro (Small Cable), and Pro (Big Lake) – ensuring that students of all abilities can learn, grow and thrive in a safe and exciting level offers a 10-week programme focusing on specific objectives: Level 1 – Beginner (Dh2,000), designed for first-time riders to build fundamental wakeboarding skills and water confidence; Level 2 – Semi-Pro (Dh2,400), focused on cable control, surface tricks, and small obstacles; and Level 3 – Pro (Dh3,200), tailored for advanced riders, introducing air tricks, kickers, sliders, and show level accommodates up to 24 students and includes a detailed weekly syllabus covering theory, drills, confidence-building, and evaluations, concluding with certificate distribution or a final showcase Chairman of Al Forsan Group, His Excellency Tareq Abdulraheem Al Hosani, said, 'The Al Forsan Wakeboard Academy is more than just a sports programme, it's a platform to unlock young potential. Our goal is to position Al Forsan as the leading destination for youth wakeboarding in the UAE, providing a dynamic space for both learning and performance.'With expert instructors, premium facilities, and an engaging curriculum, Al Forsan Wakeboard Academy is set to become Abu Dhabi's hub for youth wakeboarding talent. Registration is now open. For more information, visit:
Zawya
22-04-2025
- Business
- Zawya
Phoenix Group PLC hosts second Annual General Meeting following year of significant strategic evolution
Abu Dhabi, UAE: Phoenix Group PLC (ADX: PHX), a pioneering global cryptocurrency, blockchain, and next-generation digital asset infrastructure company, has held its second Annual General Meeting (AGM) in Dubai, where all resolutions were passed. The board of Directors and shareholders reviewed the company's operational and financial milestones for the fiscal year ending December 31, 2024. Chairman H.E. Tareq Abdulraheem Al Hosani opened the session by reflecting on Phoenix Group's strategic evolution, the continued focus on its fast-scaling Bitcoin mining operations and expansion into key markets, including North Dakota, Oman, and Canada. He acknowledged the company's agile decision to exit CIS-based operations due to geopolitical risks, allowing Phoenix to strengthen its position in high-growth markets with abundant low-cost energy. 'In 2024, we executed one of our most transformative years to date,' he said. 'By reinforcing our presence across North America and the Gulf, we scaled with discipline, precision, and speed, while maintaining our commitment to transparency, uptime, and operational excellence.' The financial performance was presented by Group CEO and Board Member Munaf Ali, who provided an overview of the Group's financial performance, highlighting Phoenix Group's 236% year-over-year increase in mining revenue, rising from $32 million in 2023 to $107 million in 2024. Quarter-over-quarter mining income also rose 13% in Q4, with the company's adjusted net income reaching $193 million, adjusting for one-off Q4 accounting items. 'Between 2022 and 2024, Phoenix's mining revenue grew by over 1800%. That's not just growth, but it's scale, delivered efficiently,' Ali said. 'We've expanded our footprint across five countries, energized almost 500MW of capacity, and deployed more than 100,000 mining units worldwide. This year's momentum sets the foundation for what's next: AI compute, data infrastructure, and global financial integration.' Ali also emphasized Phoenix's long-term reinvestment strategy and highlighted the Company's entry into new digital asset investments (ETH, SOL, TON, and ecosystem projects), inclusion in the ADX FADX 15 Index and MSCI Small Cap Index, along with the collaboration with Tether to develop a UAE dirham-pegged stablecoin. The AGM agenda included approvals of the Board report, external auditor's report, financial statements, and the appointment of RAI LLP as auditors for FY 2025. No dividends were proposed for the year, which is in line with the company's reinvestment strategy to support continued expansion. Chairman Al Hosani concluded: 'Phoenix Group is navigating the digital asset space with resilience, innovation, and global ambition. As we move forward, we remain focused on building the future of financial infrastructure from the UAE to the world.' About Phoenix Group Phoenix Group is a multi-billion-dollar global technology leader headquartered in Abu Dhabi, UAE. Founded in 2017, the company has rapidly grown and established a global presence, with a diverse portfolio in blockchain, crypto, and technology sectors. As one of the world's top five Bitcoin miners, Phoenix Group drives innovation, sustainability, and operational excellence, advancing digital asset and blockchain adoption. Phoenix Group operates mining facilities across the UAE, US, Canada, Oman, and Ethiopia, totaling 503 MW capacity. Phoenix Group is the first crypto and blockchain company in the Middle East listed on the Abu Dhabi Securities Exchange (ADX) and operates the largest mining farm in the MENA region. Our Annual Report for the year ended December 31, 2024 is available to read on our website. Phoenix Group PLC media team contact: Rose Perinchery: media@ DGA Group James Styles / Humza Vanderman: phoenixgroupuae@ Social presence: X (Formerly Twitter): LinkedIn: Website:
Tourism Breaking News
20-02-2025
- Business
- Tourism Breaking News
NCT&H expands luxury hospitality portfolio with the addition of four prestigious properties
Post Views: 115 The National Corporation for Tourism and Hotels (NCT&H) announced the strategic expansion of its luxury hospitality portfolio through the addition of four world-class properties. The newly integrated properties include two of Abu Dhabi's most distinguished luxury resorts—The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa—as well as two internationally renowned destinations: Cheval Blanc Randheli in the Maldives and the newly opened Cheval Blanc Seychelles. These additions expand NCT&H's portfolio, increasing its capacity to nearly 1,500 rooms and strengthening its presence in the ultra-luxury segment. This significant development strengthens NCT&H's position as a leader in the domestic and international luxury hospitality sector and reaffirms its commitment to delivering exceptional experiences to guests. H.E. Tareq Abdulraheem Al Hosani, Chairman of the Board – NCT&H, commented: 'The integration of these prestigious assets marks a transformative chapter for NCT&H, positioning us as a key player in the global luxury hospitality market. Our expanded portfolio allows us to offer unparalleled guest experiences while reinforcing Abu Dhabi's reputation as a premier destination for high-end tourism.' This transaction was made possible through a strategic partnership with Alpha Dhabi Holding, which acquired a controlling stake of 73.73% in NCT&H. This investment further strengthens NCT&H's ability to capitalize on emerging opportunities in the luxury hospitality sector and reinforces Alpha Dhabi's commitment to driving impactful growth in high-potential markets. With a legacy of excellence in hotel ownership, management, and operations, NCT&H continues to play a pivotal role in promoting Abu Dhabi's tourism and hospitality industry. The newly acquired properties complement NCT&H's existing luxury assets, which include InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. Each of these properties is known for its distinctive character, superior service, and commitment to authentic Arabian hospitality. This expansion aligns with NCT&H's long-term strategy of enhancing its luxury offerings while contributing to the UAE's vision of economic diversification. The hospitality sector remains a critical driver of growth, and NCT&H is well-positioned to capitalize on the rising demand for ultra-luxury experiences both within the UAE and internationally.
Zawya
20-02-2025
- Business
- Zawya
NCT&H expands luxury hospitality portfolio with the addition of four prestigious properties
Abu Dhabi, UAE: The National Corporation for Tourism and Hotels (NCT&H) is pleased to announce the strategic expansion of its luxury hospitality portfolio through the addition of four world-class properties. This significant development strengthens NCT&H's position as a leader in the domestic and international luxury hospitality sector and reaffirms its commitment to delivering exceptional experiences to guests. The newly integrated properties include two of Abu Dhabi's most distinguished luxury resorts—The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa—as well as two internationally renowned destinations: Cheval Blanc Randheli in the Maldives and the newly opened Cheval Blanc Seychelles. These additions expand NCT&H's portfolio, increasing its capacity to nearly 1,500 rooms and strengthening its presence in the ultra-luxury segment. H.E. Tareq Abdulraheem Al Hosani, Chairman of the Board - NCT&H, commented: 'The integration of these prestigious assets marks a transformative chapter for NCT&H, positioning us as a key player in the global luxury hospitality market. Our expanded portfolio allows us to offer unparalleled guest experiences while reinforcing Abu Dhabi's reputation as a premier destination for high-end tourism.' This transaction was made possible through a strategic partnership with Alpha Dhabi Holding, which acquired a controlling stake of 73.73% in NCT&H. This investment further strengthens NCT&H's ability to capitalize on emerging opportunities in the luxury hospitality sector and reinforces Alpha Dhabi's commitment to driving impactful growth in high-potential markets. With a legacy of excellence in hotel ownership, management, and operations, NCT&H continues to play a pivotal role in promoting Abu Dhabi's tourism and hospitality industry. The newly acquired properties complement NCT&H's existing luxury assets, which include InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. Each of these properties is known for its distinctive character, superior service, and commitment to authentic Arabian hospitality. This expansion aligns with NCT&H's long-term strategy of enhancing its luxury offerings while contributing to the UAE's vision of economic diversification. The hospitality sector remains a critical driver of growth, and NCT&H is well-positioned to capitalize on the rising demand for ultra-luxury experiences both within the UAE and internationally. About National Corporation for Tourism and Hotels (NCT&H): Founded in 1996 and headquartered in Abu Dhabi, the National Corporation for Tourism and Hotels (NCT&H) is a premier organization dedicated to elevating the hospitality, tourism, and hotel management sectors in the UAE. As a publicly listed company, NCT&H plays a pivotal role in driving the growth and diversification of Abu Dhabi's tourism industry, aligning with the Emirate's vision to become a world-class destination for leisure, business, and cultural experiences. With a diversified portfolio that spans hotel management, catering, retail, and hospitality services, NCT&H is known for managing a collection of distinguished hotels and resorts, including the luxury Danat Hotels & Resorts brand. The corporation operates with a commitment to excellence, offering unparalleled guest experiences, innovative culinary offerings, and state-of-the-art facilities. Beyond its hotel operations, NCT&H provides large-scale catering services and supports the tourism industry with strategic partnerships and investments, contributing to the UAE's position as a global leader in hospitality. The corporation's success is driven by its dedication to fostering innovation, sustainability, and world-class service standards, ensuring long-term value for its stakeholders. For more information, please visit:
