Top officials during the launching ceremony in Dubai.
Business Bureau, Gulf Today
Dubai: Gargash Group, one of the largest distributors of premium and luxury cars in the UAE, in collaboration with GAC Motor, China’s leading auto brand, officially released the latest star duo GA4 and GS3 in the UAE. Introducing high-end automobile options to local customers, Gargash Group further accelerates GAC Motor’s strategy of global expansion and greater brand development within the region.
As part of the global launch plan, the UAE launch ceremony for GA4 and GS3 was hosted within the grand celebrations of Modhesh World at World Trade Centre on 23 June 2019. The evening ceremony was attended by Samir Gargash - Chairman of Gargash group, Shehab Gargash - MD & Group CEO Gargash Group, Zeng Hebin - GM & MD of GAC International, other international delegations from GAC Motor, senior Gargash Group executives and media friends.
Along with the unveiling of the cars, Gargash Group management also announced the plans to open GAC Motor’s first showroom in Abu Dhabi and Ras Al Khaimah along with two additional showrooms for Dubai situated in the convenient locations of Rashidiya and Sheikh Zayed Road by year 2019. The new showrooms will house all sale services under one roof that will greatly improve the convenience of new and existing customers living in Dubai, Abu Dhabi, Ras Al Khaimah and other Emirates.
Speaking on the occasion, Samir Gargash, Chairman of Gargash group said: “We are pleased with the developing presence of GAC Motor in the UAE and we are excited with the overwhelming response to the growing family of GAC Motor offering in our market. This enthusiastic feedback and reaction from our customers are a testament to the very bright future for GAC Motor and its portfolio that stands at par with international standards of auto make.”
Dubai Electricity and Water Authority (Dewa) has organised the second France-DEWA Business Forum, in collaboration with the French Business Council in Dubai and the Northern Emirates and Business France. Saeed Mohammed Al Tayer, MD & CEO of Dewa, welcomed French participants, headed by Ludovic Pouille,
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded an increase in net profit by 3 per cent during the first six months (January to June) of 2019 to Dhs1.130 billion (US$ 308 million), compared to the net profit of Dhs1.102 billion (US$ 300 million) during the same period
DUBAI: Aramex announced its financial results for the second quarter and the first half ended 30th June 2019. The company’s Q2 2019 revenues grew by four per cent to Dhs1,279 million, compared to Dhs1,232 million in Q2 2018. Revenues would have grown by seven percent excluding the impact from currency
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, is continuing to prioritise the ease of doing business with the introduction of new licensing categories and fees designed to make establishing businesses within the Centre easier and more affordable.
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Bangladesh has joined the select group of countries that manufacture world-class, large-scale PPE by shipping 6.5m PPE gowns to US brand Hanes for ultimate delivery to FEMA.
MoU aims for enhanced collaboration to implement initiatives and projects in the field of innovation and future technologies in Sharjah and the Northern Emirates.
The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees’ Association (AIBEA).