Business


Food Specialities Limited (FSL) – the region’s most innovative ingredient solutions provider to the food and beverage industry is expanding its regional presence with a new branch office in Kuwait. The new office is part of the company’s efforts to expand its footprint across the MENA region and be closer to its customers. FSL’s Vice President, Reji Jose, says: “Our new office and warehouse in Kuwait enables us to develop deeper relationships with our customers in this region and to offer our technical, sales, innovation and logistics support to them in a seamless manner. It supports our mission to develop long-term partnerships by adding value through service and knowledge in the food industry. The office and warehousing facilities will provide an avenue for our local clients to efficiently manage their inventory, access FSL’s technical services and our stock and sell facilities locally.”

Kuwait has emerged as one of the most prosperous countries in the world with a GDP per capita of more than US$32,000, making it the fifth richest country in the world. The opening of FSL’s Kuwait office is in line with the organisation’s philosophy to build long-term relationships with customers and maintain its position as the leading player in the Middle East food industry. With the growing population of the nation, FSL Kuwait is set to excel in business growth this year.

The physical address is Office #9, 4th Floor, Al Shariqiya Complex, Salem Al Mubarak Street, Salmiya, Kuwait. Office hours are Sunday to Thursday from 8:00am to 6:00pm. For more information, please visit www.foodspecialities.com.

FSL corporate profile
Food Specialities Limited (FSL) is an innovative solutions provider to the Food and Beverage industry in the Middle East and Africa. Founded in Dubai in 1986, FSL caters to the entire spectrum of the food and beverage industry, supplying food ingredients and commodities to manufacturers. The company also supplies dairy and agro commodities to traders, and premium hospitality products to the HoReCa sector. With more than 100 employees and the finest techno-commercial team in the region, the cornerstone of FSL’s success is built on the value we add in the supply chain with our application labs and technical support, cost-effective solutions, logistics infrastructure, market knowledge, customer service and high-quality products from leading manufacturers.

FSL Hospitality profile
FSL Hospitality (also known as FSL Foods) supplies premium chef apparel to the HoReCa industry across the GCC and is the exclusive distributor for the Chef Works brand based in California, USA.

Our hospitality customers in the Middle East include luxury and speciality restaurants, private palaces, and five-star hotels such as Four Seasons Hotels, Marriott Star Brands, Hyatt Group, Emaar Group, Hilton Group and Accor Group among others.

Our sales and logistics team comprises hospitality professionals who understand the trends and needs of the foodservice industry and respond with reliable delivery times and cost-effective solutions, coupled with the best customer service.

With more than 15 years hospitality industry experience, FSL Hospitality is empowered by the market knowledge and reputation that has made it one of the leading hospitality distributors in the region.

Yas Island, Abu Dhabi, UAE, April 27, 2022: As the thrilling Formula One season continues to provide exciting moments on track, fans eager to guarantee their spot at this year’s FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX are urged to act now with limited Early-Bird and regular tickets available for this year’s season-finale spectacle in Abu Dhabi.

Held across the weekend of November 17-20 at Yas Marina Circuit, this year’s race follows a historic edition in 2021 as more than 108 million viewers watching on for the title-deciding finale around the new layout at Yas Marina Circuit.

The 2022 season is well underway and already providing pulsating action with a new generation of cars on the track. Fans are advised to take action to book their place at the epic 2022 season-finale race in Abu Dhabi this November with the final Early Bird tickets on sale for a limited time.

The 2022 F1 season-finale Grand Prix will bring an incredible four days of entertainment and racing action at the region’s home of motorsport in Abu Dhabi, and early ticket purchasers who book in April will be rewarded with an early bird discount of up to 30 per cent off selected tickets for the unmissable four-day weekend on Yas Island.

Alongside four days of high-speed on-track action, ticket holders can look forward to the thrills of live action at Yas Marina Circuit, the fun-filled adventures of Yas Island and the Yasalam After-Race Concerts – which will once again take place at Etihad Park.

This year’s iconic Yasalam After-Race concerts are set to be one for the history books, with multi-Grammy nominated Swedish House Mafia headlining the Friday night Yasalam After-Race Concert, and further artists to be announced over the coming months.

In an exciting addition to this year’s ticket purchasing experience, fans will be able to select their seat in the grandstand using a virtual and interactive viewer, giving guests an idea of what they will see from their seat while purchasing a ticket online. Ticket purchasers can also upgrade their concert experience with Golden Circle access to the Etihad Park, getting front row access to the entertainment.

With the final Early-Bird and regular tickets remaining for this year’s FORMULA ONE ETIHAD AIRWAYS ABU DHABI GRAND PRIX, fans can find more information to secure their spot at Yas Marina Circuit by visiting: www.yasmarinacircuit.com

ENDS

 

ABOUT ADMM

Abu Dhabi Motorsports Management (ADMM), with its head office at Yas Marina Circuit, Yas Island, has created unique, world class experiences across Abu Dhabi since 2009.

ADMM have promoted and delivered globally significant events, the Formula 1 Etihad Airways Grand Prix, alongside over 400 events a year across motorsports, health and fitness, entertainment and major corporate conferences. The company also delivers a significant programme of motorsport retail experiences for business and consumer audiences at Yas Marina Circuit across the year. This combined experience means that ADMM has a region-leading team with expertise in event marketing, communications, promotions and project management.

Such talent firmly positions ADMM as a leader in sports management. The company is now seeking to diversify into activities and strategic ventures beyond Yas Marina Circuit in order to build towards a broader long-term vision aligned with its partners and stakeholders in Abu Dhabi.

ABOUT YAS MARINA CIRCUIT

Yas Marina Circuit is the United Arab Emirates’ most exciting sporting and entertainment multi-purpose venue.  Located on Yas Island, Abu Dhabi, the circuit is home to the annual FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX and much more.  In addition to the extensive year-round program of professional and grassroots motorsport events and experiences including Drag and Yas Track Nights, the circuit has emerged as a thriving hub for entertainment and community events in the UAE.

Yas Marina Circuit is also a champion of sustainability in motorsports, receiving the Three-Star Environmental Certification from the FIA, the governing body’s highest recognition of sustainability. The award is an acknowledgement of the circuit’s long-standing commitment to environmental management with the objective of standing with Formula One in becoming Net-Zero Carbon by 2030.

As the region’s most technologically advanced facility, the circuit is also a leading MICE venue, regularly hosting a diverse range of corporate meetings, conferences and events.  Whether you want to experience the thrill of karting at our Kartzone, driving an Aston Martin GT4 at over 200km/hour on an F1 circuit, work towards your racing license at the Yas Racing School, get fit at TrainYas, participate in one of our many sporting events, or simply catch up with friends at Yas Central, Yas Marina Circuit truly is The Meeting Place of Champions.


Dubai: Amazónico is set to end the rooftop season with a bang, transforming the exclusive DIFC roof terrace into something you have never seen before. Make your way through the lush, tropical greenery to the top floor and discover the first ever beach party on a roof! The doors are opening a little earlier than usual, ready to kick off with a sunset session from 4.30pm, so guests can arrive for an afternoon in the sun, sipping frozen cocktails before the headliner takes to the decks.

Brazilian superstar DJ, Aline Rocha, will be lighting up the DJ booth as she brings her world tour to the Middle East for a special performance at Amazónico’s beach fiesta. Flying direct from the main stage at Ministry of Sound, London, she will be bringing her funky mix of house and disco to this one-of-a-kind event and then going on to play Defected Croatia and Ibiza.

Guest drummer Daneel Sayegh, will keep the beat alive throughout the night, bringing the passion and energy of Rio de Janeiro straight to the rooftops of Dubai. Guests can expect a back-to-back line up from sunset ‘til late with Amazónico’s resident DJs Gabriel Deb to open and Nader Abaky taking the party full circle.

Lose yourself in the heart of DIFC as you party surrounded by palm trees and exotic foliage, ordering frozen caipirinhas from the bamboo beach-bar with your toes in the sand. It’s a beach chic dress-code so don those flowy beach dresses and tailored shorts, ready to hit up Amazónico’s rooftop beach in style.

Date: Saturday 7th May
Time: 4:30pm to 1:30am
Price: 150AED including 2 drinks
Dress Code: Beach chic
To Book: please call +971 4 571 3999 or email This email address is being protected from spambots. You need JavaScript enabled to view it.


Open daily from 12 noon until 3 am
Japazónico Lunch Menu, Monday – Friday, from 12 pm to 5 pm
Business Lunch Menu, Monday – Friday, from 12 pm to 3 pm
For reservations, please call +971 4 571 3999 or email This email address is being protected from spambots. You need JavaScript enabled to view it.



For more press enquires please contact:
Kathryn Wingrove I This email address is being protected from spambots. You need JavaScript enabled to view it.
Olivia Simpson I This email address is being protected from spambots. You need JavaScript enabled to view it.   


KUWAIT: MEED magazine said the value of contracts awarded by Kuwait in March was $219 million, ranking third in the Gulf and fifth in the region in terms of the value of awarded contracts, reports Al-Rai daily. The magazine pointed to the continued decline in contract awards activity in the Middle East this year, with $3.7 billion worth of contracts signed in March, compared to $7.1 billion in February and 8.9 billion in January.

MEED considered March, which coincides with the end of the first quarter of the year, to be disappointing so far, with only $19.7 billion of deals signed over the three months, compared to $25.9 billion in the same period in 2021. For its part, Saudi Arabia again led the region in the value of awarded contracts, with deals worth $1.3 billion signed, the largest of which was a contract worth $542 million.
At the same time, the UAE ranked second after the Kingdom in the order of awarding contracts, as it awarded contracts worth $1.25 billion; while the construction sector took the lead in the country, which accounted for about 80 percent of all deals concluded in March, the value of the largest contract awarded was $136 million. And in third place in the order of awarding contracts, Egypt recorded deals worth 292 million dollars that were signed in March, the largest of which was a contract worth 95 million dollars.

Meanwhile, the construction sector in Qatar is expected to grow at a faster pace this year, according to the latest Global Data report, as the country prepares to host the FIFA World Cup this year, and most of the projects for this global event have been completed. It is now heading towards Qatar National Vision 2030, the Asian Games 2030, and the expansion of gas production facilities in Ras Laffan.


Vatika Voices continues to boost women’s empowerment with GiftAPush; releases motivating videos to spread faith, love, and hope this Ramadan. Inspiring videos with real impact stories from Vatika Voices to spread festive cheer and encourage more women to seek benefit from this unique platform. Dubai, UAE, 18th April 2022: Continuing its unique campaign to reverberate with Ramadan ethos, Vatika, the leading hair care brand is on a mission to empower women across GCC and MENA region with Vatika Voices. To celebrate the success of its pilot phase, the brand has released inspiring stories of women who believed in themselves and made ‘think big, dream high’ a reality.

Ushering in Ramadan 2022 with a unique initiative, the brand had collated magical moments that narrate real-life stories of women from Vatika Voices campaign. The videos echo sentiments of how women can dream high and break the ceilings when provided with the right push and opportunities. The brand intends to encourage more women to become a part of Vatika Voices and help them realize their true potential through #GiftAPush.


With the release of these videos Vatika Voices enters its second phase and is now inviting consumers to nominate talented women across segments from the GCC and MENA regions. To celebrate the women in your life, one can simply visit Vatika’s dedicated microsite to nominate the deserving and support them with a push in the right direction. Until now, the campaign has helped at least 1000 women with the most inspiring and impactful stories to further chase their dreams and looks forward to a wider reach during the holy month of Ramadan.


Aligning its brand values to echo the sentiments of equality that are widely celebrated during Ramadan, Vatika is committed to providing women with the right tools to hone and develop their skills. To ensure wider reach, one can nominate women across ages and disciplines that need support and an empowering push in the right direction to accomplish their dreams. The massive response and positive feedback received during the first phase of the campaign demonstrates the zeal created for women to feel confident and ready to fulfill their dreams.


Nishant Sukumaran, Head of Marketing – Vatika at Dabur International Ltd. said, “Women are already empowered, they have dreams and are motivated. Sometimes, what they need is a gentle nudge and support to enable their skills in the right direction. The women in Team Vatika, have created a platform #VatikaVoices to enable other women to skill up, achieve their dreams and live their Natural Best. Our endeavor is to ensure that our #VatikaVoices initiative reaches to maximum women and we hope that many will benefit from the same.” Committed to taking such initiatives as a long-term offering, Vatika truly believes that brands need to live the gender-equal narrative through campaigns that recognize women as an essential accelerator of society as a whole. When positive campaigns like Vatika Voices gain momentum, women feel empowered and enabled to pursue their dreams. With the corporate sector in the GCC waking up to the importance of a gender-diverse environment, Ramadan seems to be the perfect time to instill renewed faith, hope, and values for a new world that acknowledges women power.


The inspiring videos of Vatika Voices stories are set to further encourage women to take up this unique platform as a once-in-a-lifetime opportunity to add value to their life’s journey. To #GiftAPush for women who like to chase nothing but excellence, visit https://vatikavoices.com/ and share her story. With Vatika Voices, it’s #NeverTooLate to wake up to your dreams.

 

 


CRS’ pursuit to be accredited in the UAE is a testament of the national maritime sector’s capabilities, which attracts leading global maritime companies
Dubai, UAE, 18th April 2022: As part of its role in regulating the maritime sector in the UAE, the Maritime Administration at the Ministry of Energy and Infrastructure signed a Memorandum of Understanding (MoU) with the Croatian Register of Shipping (CRS). As per the agreement, MOEI will recognise CRS to issue maritime statutory certificates and carry out all necessary survey works to ensure the eligibility of ships to sail safely. As a result of this recognition, all classification societies under the International Association of Classification Societies (IACS) are accredited by the UAE. The MoU was signed by Capt. Abdulla Darwish Al Hayyas, Director of Maritime Transport Affairs at the UAE Ministry of Energy and Infrastructure, and Damir Roje, General Manager, the Croatian Register of Shipping. A number of officials from both sides were present.

CRS is one of the oldest classification societies in the maritime sector. It dates back to the 19th century when the Austrian Veritas was founded in 1858, which later changed its name to the Adriatic Veritas. The Yugoslav Register of Shipping was founded in 1949. When Croatia separated from Yugoslavia in 1992, the classification society became the Croatian Register of Shipping. It is a member of the IACS, which includes the world's leading classification societies.
Sheikh Nasser Al Qasimi, Assistant Undersecretary for Infrastructure and Transport Regulations at the Ministry of Energy and Infrastructure, said, "By recognising the Croatian Register of Shipping, we continue our cooperation with major international classification societies accredited by the International Association of Classification Societies. This will enable the UAE’s maritime sector, represented by the Ministry of Energy and Infrastructure, to enhance its control over the seaworthiness of national ships. This makes the UAE one of the few maritime hubs across the globe where ship owners are able to choose classification certifications that suit their operational requirements and insurance needs, as well as the regions in which their ships operate. They may need to deal with specific classification societies that are preferred in those regions. There is no doubt that the Croatian Register of Shipping is one of the most prominent classification societies in the world with a history of over 200 years. With its presence in the UAE, we will enhance the technical capabilities of the maritime classification sector, and increase the adoption of new and innovative standards for building and maintaining ships, as well as maritime facilities.”

Enhancing the competitiveness of the UAE’s maritime sector
Al Qasimi added, "The presence of leading classification societies in the nation is a testament to the importance of the UAE’s maritime sector, which is one of the most active in the region. The national maritime sector has qualitative capabilities that include over 20 commercial seaports, and a number of the region’s key oil exporting terminals. The UAE’s ports welcome over 25,000 commercial ship visits every year, all of which need the services of classification societies for inspections to renew insurance documents and other transactions that require global expertise to prove the ship’s eligibility to sail. The UAE is also home to a few of the most prominent shipyards that need the support of international classification societies to ensure that they follow the latest specifications and standards in the ships they build.”

Damir Roje, General Manager, Croatian Register of Shipping said, "It is a great achievement to be recognised by the UAE Ministry of Energy and Infrastructure, which is known worldwide for its commitment to the highest technical standards in classification and accreditation. For us, the UAE is a gateway to the Middle Eastern market. Its ports are one of the busiest in the region, which allows us to receive and serve a large number of ships from neighbouring countries. The UAE has also contributed a lot towards the elevation of maritime standards through its membership in the Executive Council of the International Maritime Organisation (IMO) under Category B. Our cooperation with the Ministry will have a major role in improving the standards of the IMO, and in turn, the global maritime sector.” In addition to providing classification and certification services, CRS is known for its great research and development efforts, and for innovating new technologies and products in various areas of the industry. This improves international standards, and provides an added value for customers by ensuring the best quality in ship building and maintenance. In addition to a long history in classifying warships used by the armed forces, CRS has extensive experience in classifying luxury yachts and commercial ships as well.


KUWAIT: The listing of family-owned businesses on Kuwait’s stock exchange, known as Boursa Kuwait, is unquestionably conducive to boosting the market’s capital value and creating a congenial atmosphere for roping in further local and foreign investments, according to economists. The move will undoubtedly draw more funds and experienced investors, thus positively reflecting on main indexes, economists said in separate statements to KUNA. They underlined the paramount significance of this step amid fluidity surges at the market, saying that it would pave the way for promising investments and offering more advantages to private companies, chiefly capital boost and stronger status. In this regard, Ali Alghanim and Sons Automotive Company has already asked for being listed on the Kuwaiti stock exchange to become the first family-owned business to take such a step.


Boursa Kuwait seeks to provide an appropriate climate for listing businesses involving family-owned ones by means of introducing a package of structural and technical reforms as per world criteria and standards. Commenting on the move, Chairman of the Al-Dorra Petroleum Services Company Waleed Al-Houti highly commended the bourse’s efforts to provide a set of financial products and derivatives in a bid to absorb the “big financial fluidity”. He voiced hope that further steps could be taken in this regard in order to put attractive options at the disposal of family and oil companies at the region’s second largest stock exchange. He spoke highly of the bourse-listing request of Ali Alghanim and Sons Automotive Company, which is a major family-owned business, as coming at a time when the market is seeing “big liquidity hikes ranging between KD 75 million (USD 255 million) and KD 80 million (USD 272 million). The company, he maintained, has long experience in the auto business so listing it on the stock exchange could be a watershed step that would undoubtedly create more investment destinations, given that auto industry has a promising future.


Al-Houti also called on other family- owned firms to follow suit so as to diversify and increase their business, thus promoting the Kuwaiti market at both regional and international levels. On his part, Al-Namash Group’s Chairman Ali Al-Namash said the registration of family-owned businesses with Boursa Kuwait would enable them to expand and grow at a higher pace.


With family-owned firms entering the market, investors will be able to diversify investment in listed firms, particularly family-owned ones, based on their long experience and weight, he said, expecting them to play a part in the promotion of stock-trading. Chairman of the Kuwaiti Traders Society Mohammad Al-Tarrah believed that family-owned businesses, once listed, would cement their status at the capital market, making it easy for them to obtain bank loans. He noted that family-owned businesses had done their utmost in an amazing way over the last decades in order to promote themselves at the market, thus winning great chances of success and competitiveness, (News report by Mohammad Kamal – KUNA

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