17, May 2024
AD Ports Group Explores Multi-Purpose Port Development in Chittagong, Bangladesh
Abu Dhabi, UAE , 17 May 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry, signed a MoU with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh.
The MoU was signed in presence of H.E. Abdulla AlHmoudi, UAE Ambassador, Head of the UAE Mission to Bangladesh and Mr. Khalid Mahmud Chowdhury, MP, Honourable Minister of State, Mr. Md. Mostafa Kamal, Senior Secretary, Ministry of Shipping – Government of the People’s Republic of Bangladesh, by Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority and Ahmed Al Mutawa, Regional CEO, AD Ports Group.
Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority, said: “The Multi-Purpose Port in Chittagong is a priority for the Government of Bangladesh. It will be a game changer for the regional economy in general and Bangladesh economy in particular. We are pleased to collaborate with AD Ports Group on the development of this vital project, leveraging their expertise and capabilities as a global trade and logistics player. We hope that this MoU will pave the way for further cooperation that will attract more foreign direct investments to Bangladesh.”
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We are excited to explore the development and operation of the Multi-Purpose Port and other ancillary opportunities in Chittagong, the main seaport of Bangladesh, and look forward to leveraging our experience and capabilities to assist our partners in addressing increased trade volumes in one of the fastest growing economies in South-East Asia, guided by the vision of our wise leadership.”
It’s pertinent to note that over 90% of Bangladesh’s international trade is conducted through the ports of Chittagong, furthermore Bangladesh’s seaports are an integral part of the multimodal network that links the republic to the hinterland, in addition to providing sea access for the landlocked Himalayan countries Nepal, Bhutan and India’s Northeast region.
Both nations have celebrated 50 years of bilateral ties earlier in March this year, with ongoing talks to ink a Comprehensive Economic Partnership (CEPA) aimed towards enhancing economic cooperation and opening new avenues for trade and investment, the MoU signed between AD Ports Group and the Chittagong Port Authority is aligned with the aforementioned efforts.
The UAE is considered Bangladesh’s second-largest remittance source, a leading trading partner with a significant base of investment for Bangladesh, the volume of non-oil trade exchanges between the two countries exceeds USD 2 billion.
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- By Rabindra
15, Feb 2024
Triton Electric Vehicle Delivered 5 Electric Mini Buses to BAPS Mandir, Abu Dhabi
New Delhi: 15 Feb, 2024: With immense divinity and compassion, Triton Electric Vehicle (TEV) is excited to inform that the company has donated five Electric Mini Buses to the newly inaugurated BAPS Mandir, Abu Dhabi. These Five TEV Electric Mini Buses are the first lot to be delivered and operational in BAPS Mandir.
“Today is a great day for the entire Indian community across the world as PM Narendra Modi has inaugurated the BAPS Mandir, Abu Dhabi and for TEV this is indeed a great milestone as the newly opened BAPS Mandir became the witness of the first set of running TEV Electric Buses. It is extremely motivating and exciting to see PM Narendra Modi’s address earlier today as it gave strength to India and UAE’s friendship. From TEV’s perspective, today is indeed a memorable day as our first five Electric Mini Buses are successfully delivered at BAPS Mandir and are successfully operating,” says Himanshu Patel, CMD of Triton Electric Vehicle.
The five air-conditioned electric buses donated to the BAPS Mandir in Abu Dhabi are meant to empower thousands of visitors to experience the beauty of this sacred site with ease and comfort. These are exclusively customized electric buses with a 14-passenger seating capacity and they will run 130 Kilometers in a single charge.
This gift goes beyond transportation or ease for mandir visitors, – it’s a symbol of a great Indian EV success story and commitment towards environmental protection. TEV’s Electric mini buses will contribute comfort to the divine journey and prayers of the faithful visitors as well as it will also signify the sole objective of Lord Swamminarayan’s vision towards ensuring holistic society and divinity.
This symbolic gesture of gifting TEV Electric Mini Buses also strengthens our corporate belief of practicing kindness to add value in the ecosystem.
“Today, when, India’s economic leadership is getting recognised worldover, Prime Minister Modi’s vision of ‘Make In India’ and ‘Make for the world’ is also bringing greater results across, we are excited to witness TEV Electric Buses getting used by devotees and faithful visitor in BAPS Mandir, Abu Dhabi,” added, Himanshu Patel.
Buses arrived on February 14th 2024, for the Inauguration of the BAPS Hindu Temple in Abu Dhabi where Prime Minister Modi has inaugurated the temple.
10, Feb 2024
DSP Asset Managers to Expand Distribution Opportunities in the Middle East and Asia
Mumbai, February 10, 2024: DSP Asset Managers one of India’s leading asset companies – announced that Secura International (“Secura”), the Abu Dhabi Global Market [ADGM] headquartered Global Wealth Solutions Provider, would offer DSP’s UCITS vehicle as part of Secura’s investment offering to its distribution partners – the licensed financial institutions across Middle East, Africa, and Asia.
As an India-specialist asset manager, DSP Asset Managers, with its dedicated on-ground investment team manages ~USD 20 billion across equites, fixed income, and alternatives. The UCITS vehicle (which is Ireland/Dublin domiciled ICAV) is modeled on quality Indian companies with a bias to companies down the market cap chain. It invests in Indian companies with high standards of governance, vision, capital allocation and focusing on Business, Management, and Valuations as the pillars of stock selection.
“India is at the cusp of a structural turnaround and continues to remain one of the fastest-growing large economies in the world. The country has proven to be resilient to global economic downturns, largely due to its robust domestic economy, which is expected to remain strong in the foreseeable future. We believe India should be viewed as a structural allocation (and not just tactical) in investors’ portfolios globally”. We look forward to bringing this exciting opportunity to investors in the Middle East and Asia through Secura International,” says Jay Kothari, SVP- Head of International Business, DSP Asset Managers.
“There is a gap in the market for tried and tested investment solutions for international clients. Secura’s arranged global wealth solutions and highly experienced team are ideally placed to help financial advisors fill that void. We are thrilled to offer DSP funds through our arranged investment solutions platform Global Advantage Plus [GAP] and look forward to enhancing the relationship in near future across Middle East, Africa & Asia,” says Sanjeev Chowdhury, Managing Director & Senior Executive Officer Secura International.
26, Dec 2023
Alain Ducasse, Chef & École Ducasse founder, “Inaugurates École Ducasse Abu Dhabi Studio in Partnership with Erth Abu Dhabi, Ushering in a New Era of Culinary Excellence in the UAE
India, – 26 December 2023: Today marks a momentous occasion for the culinary landscape in the Middle East, as the legendary Chef and founder of École Ducasse officially opens the doors to École Ducasse Abu Dhabi Studio. Nestled in the historic Al Hosn site, this state-of-the-art studio represents the first of its kind in the region in partnership with Erth Hospitality.
École Ducasse Abu Dhabi Studio boasts an excellent culinary team trained by École Ducasse Paris Campus executive chefs. These culinary maestros will guide students through a comprehensive curriculum, encompassing the foundational techniques of French culinary and pastry arts, as well as the captivating nuances of Emirati cuisine. From mastering the delicate art of macarons to crafting traditional Emirati desserts, the studio promises an immersive and enriching journey for every aspiring chef.
Chef Alain Ducasse said: “At École Ducasse, we are extremely privileged to have the opportunity to share our vision of gastronomy with talented individuals from all over the globe. Mutual inspiration happens when passion is shared and we are delighted to have the opportunity to contribute in raising the culinary scene and talents in Abu Dhabi.”
Shaikha Al Kaabi, Chief Executive Officer of Erth Abu Dhabi“the visionary force behind the studio’s creation, echoes Chef Ducasse’s enthusiasm. “This collaboration is a testament to our shared vision of nurturing culinary excellence in Abu Dhabi”, she states. “École Ducasse Abu Dhabi Studio represents a platform for cultural exchange and innovation, empowering the next generation of chefs to become culinary ambassadors for the region. We are confident that this studio will serve as a beacon of culinary inspiration for the UAE.”
Elise Masurel, École Ducasse Managing Director, commented: “The launch of École Ducasse Studio in partnership with Erth Abu Dhabi is a great milestone for us in the Middle East region, and we are very happy to contribute to enriching the local gastronomic scene and encouraging culinary talents to flourish.”
The doors of culinary excellence are now open, with École Ducasse Abu Dhabi Studio welcoming eager students to book their courses and explore the diverse programs. From personalized amateurs cooking classes to comprehensive programs for professionals, the studio caters to every level of culinary aspiration, making it a haven for those who dream of turning passion into plate.
Beyond the intimate classrooms, École Ducasse Abu Dhabi Studio extends its reach through its welcoming café with a fantastic rooftop and breathtaking view on Qasr al-Hosn Fort, and engaging corporate events, creating a vibrant space where excellence, culinary new trends and traditions converge. In this melting pot of cultures, the studio aspires to be a catalyst for culinary diplomacy, where the world converges to savor the exquisite blend of flavors, textures, and stories that make Abu Dhabi a truly global culinary destination.
3, Nov 2023
ZK Sports & Entertainment and Capital Motion Present: “The Velocity Experience” at the Abu Dhabi F1 2023
ZK Sports & Entertainment, the renowned sports and entertainment innovator providing VIP hospitality experiences to global sporting events, is thrilled to announce its latest venture: a collaboration with Capital Motion. Known for their exclusive F&B establishments in Abu Dhabi, including Siddhartha Lounge and the iconic beach club Café del Mar in Abu Dhabi, Capital Motion is the perfect partner to elevate the F1 experience to unparalleled heights.
The result? “The Velocity Experience” – a VIP experience offering a seamless blend of exhilarating racing, luxury, and top-notch entertainment that promises to captivate attendees from start to finish.
Over three days, The Velocity Experience will provide their guests with:
Unmatched Views: From the luxurious track viewing lounge at the circuit, where guests will be treated to panoramic vistas of the F1 track, ensuring they don’t miss a second of the high-octane action.
Culinary Delights: An all-inclusive gourmet free-flowing F&B offering awaits, ensuring palates are just as exhilarated as racing hearts.
Entertainment: Live DJ sets will set the mood throughout the day, interspersed with live entertainment acts that are sure to dazzle and amaze.
World-class Simulation: F1 enthusiasts can get closer to the action than ever before with one of the world’s best F1 Simulator experiences – right inside the suite.
F1 Authentic’s Gifts: To make the memory last, attendees will receive official F1 authentic gifts.
And the excitement doesn’t end there. As the sun sets on the racetrack, the party shifts to the iconic Café del Mar, born in Ibiza and reborn in Abu Dhabi with legendary Café del Mar chill-out music and, a picturesque 360 lounge view. Here, Velocity Experience guests will be treated to an additional three hours of prime canapés and a house open bar. Bask in the world-class music, entertainment, premium dining, and bar experiences that Café del Mar is well known globally.
“The Velocity Experience is the culmination of our dedication to offering unrivalled sports and entertainment experiences,” comments Oliver Kent – ZK Sports International CEO. “By joining hands with Capital Motion, we’re combining the thrill of F1 with luxury hospitality and entertainment, setting a new benchmark for racegoers everywhere.”
14, Oct 2023
ONGC Roadshow in Abu Dhabi: Collaboration Opportunities in Offshore Oil and Gas Projects
Oil and Natural Gas Corporation (ONGC) is organizing a roadshow in Abu Dhabi on 16 and 17 October 2023, to invite global oil and gas companies for collaboration opportunities in offshore oil and gas projects. The Roadshow will offer valuable insights into business opportunities within India’s offshore oil and gas infrastructure sector. The Roadshow is taking place in Hotel Le Royal Meridien (Abu Dhabi).
In pursuit of strategic growth aligned with the evolving energy landscape, ONGC has meticulously designed an ambitious roadmap, the Energy Strategy 2040. This comprehensive plan reflects its resolute commitment to double oil and gas production, expand refining capacity, diversify into renewable energy, and bolster our non-oil and gas ventures.
To achieve substantial growth and diversify its energy portfolio, ONGC prioritizes the early monetization of discoveries through accelerated project execution. It is also making significant investments in Deepwater exploration, Improved Oil Recovery (IOR), and Enhanced Oil Recovery (EOR) projects, maximizing production efficiency and tapping untapped reserves.
Aligned with its growth plans, ONGC is embarking on an expedited development of multiple offshore fields over the next three years. Its objective is to establish more than 25 offshore facilities, layover 1000 kilometers of subsea pipelines, and create associated infrastructure, requiring an investment of USD 11 billion.
As a trailblazer in India’s energy sector since 1956, ONGC remains dedicated to providing dependable and sustainable energy solutions. Recognizing the vital role hydrocarbons will play in India’s energy security and economic growth, we are committed to supporting the nation’s evolving energy needs as it strives to double energy demand by 2050, in harmony with the growth of renewable energy sources.