News & Updates

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  • EFG Hermes concludes advisory on $769 million IPO...

    EFG Hermes Logo

    EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced that its investment banking division successfully completed advisory on the $769 million initial public offering (IPO) of ADNOC Logistics & Services Plc (ADNOC L&S) — the UAE’s leading integrated energy player Abu Dhabi National Oil Company’s (ADNOC) maritime logistics unit — on the Abu Dhabi Securities Exchange (ADX). EFG Hermes acted as joint bookrunner on the transaction.

    The listing saw ADNOC L&S offer a total of 19% of its share capital, equivalent to 1,405,714,765 shares, at a nominal value of AED 2.01/share, implying a market capitalization of USD 4.05 billion. The offering generated the largest investor demand for an IPO this year, with demand raised hitting USD 125 billion, implying an oversubscription of 163x — a record-high oversubscription level for a UAE bookbuild IPO. The company began trading today under the ticker ADNOCLS.

    Mohamed Fahmi, EFG Hermes’ Co-Head of Investment Banking, commented, “We are delighted to be building on our longstanding partnership with ADNOC and to be advising on the IPO of its maritime logistics arm, ADNOC L&S, which marks ADNOC’s second IPO and the second-largest listing in the Middle East so far this year. Investor appetite remains strong for GCC listings, with the region’s markets raising over $3.5 billion in proceeds through a series of IPOs in the first quarter of 2023 — of which 91% were generated by the UAE. EFG Hermes was successful in advising on three of the GCC’s most prominent listings this year, having advised on ADNOC Gas Plc’s IPO on the ADX, Abraj Energy Services’ IPO on the Muscat Stock Exchange (MSX), and Al Ansari Financial Services PJSC’s IPO on the Dubai Financial Market (DFM), underscoring our unrivaled ability to continue tapping into the region’s robust pipeline of state-owned and private company offerings that unlock compelling prospects for global and regional investors.”

    READ FULL STORY

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  • ATKINS: Abu Dhabi University signs MoU with Atkins

    Abu Dhabi, United Arab Emirates: March 29, 2023 – Abu Dhabi University (ADU), one of the leading academic institutions in the Middle East and North Africa (MENA) region, has signed a memorandum of understanding (MoU) with Atkins, the leading global design, engineering and project management consultancy, that aims to enhance academic cooperation and exchange of scientific expertise between the two organizations in nuclear and energy sectors in the UAE.

    As part of the five-year agreement, ADU will partner with Atkins to develop and deliver targeted trainings, activities and events that present educational programs about nuclear power and energy solutions and collaborate on research and scientific studies in the field. In addition, Atkins will provide training opportunities, including internships and project experience for ADU’s students, helping to build local capabilities and create job opportunities in the nuclear sector. The MoU was signed by Professor Ghassan Aouad, Chancellor, ADU, and David Haboubi, Head of Nuclear and Net Zero Energy, Middle East & Africa, at Atkins, a member of the SNC-Lavalin Group. 

    Professor Ghassan Aouad, Chancellor of ADU, said: “Abu Dhabi University is committed to enhancing research and innovation in key sectors, including Environmental Health and safety, nuclear and energy. This MoU with Atkins will provide valuable opportunities for our students and faculty to collaborate with industry experts and gain practical experience in these fields. We look forward to working closely with Atkins to develop educational programs and research initiatives that will contribute to the UAE’s sustainable development goals and build local capabilities.” 

    “With over 50 years’ presence in the Middle East, Atkins has played a key role in developing and enhancing the region’s nuclear and first-of-a-kind energy projects, which are critical to achieving a net zero carbon future,” said Haboubi. “We are truly excited to strengthen our working relationship with ADU through this collaboration, to further build the great talent that the University has by providing targeted research, projects and career opportunities.”

    The UAE will host the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in November 2023 at Expo City Dubai to unite the world towards agreement on bold, practical and ambitious solutions to the most pressing global challenge of our time. As host, the UAE will mobilize action around a “major course correction” to accelerate emissions reductions while ensuring energy security. Globally, SNC-Lavalin has developed the ‘Engineering Net Zero’ (ENZ) program, which focuses on leading the engineering industry to achieve Net Zero Carbon as rapidly as possible by helping clients manage climate risks and build climate resilience.

    Abu Dhabi University is the largest private university in the UAE committed to providing graduates with the knowledge, skills, and mindset to become leaders of tomorrow, and engaging in research and innovation that make a difference to society. With five colleges offering over 50 undergraduate and postgraduate programs, campuses in Abu Dhabi, Al Ain, Dubai and Al Dhafra Region, and multiple affiliations with globally renowned institutions, ADU has the largest engineering college in the UAE, covering a diverse range of engineering and technology programs to more than 2,000 students. 

    The SNC-Lavalin Group, including Atkins and Faithful+Gould, has the biggest private nuclear capability in the world with a global track record of success in delivering nuclear projects and end-to-end engineering services for the entire project life cycle from the concept stage to design and technology development, including new-build programs, and from asset management through to end-of-life and waste management. Since 2011, Atkins has been a trusted advisor, engineering services, and project management partner on the Barakah Nuclear Energy Plant, the first nuclear power plant in the UAE. In line with its commitment to building local talent, Atkins has provided internship and training opportunities to over 30 Emiratis to gain technical expertise and practical knowledge in nuclear through mentorship and on-the-job training.

  • McDermott: Leading the Way for Women in Construction

    MEET MCDERMOTT AT THE 5th Virtual Emiratisation Career Fair

    With over 20 years of experience at McDermott International, VP of global QHSES, Shirlie Macatangay is a trailblazer within the industry. In this exclusive feature, she shares her journey to leadership and discusses the importance of mentorship and women empowerment in the workplace.

  • What is UAE Flag Day?

    The Design

    UAE flag was designed by Abdullah Mohammed Al Maainah, then just 19, after reading a newspaper article about a contest to design the new nation’s flag.

    The colors of the flag represent:

    Black is for strength
    Green is for hope
    Red is for courage
    White for honesty

    UAE flag’s length is twice the width.

    UAE flag represents justice, peace, tolerance, power and moderation.

    What is UAE Flag Day? 29

    First Use

    UAE flag was first hoisted in December 2, 1971 by the Late Sheikh Zayed bin Sultan Al Nahyan at the Mushrif Palace in Abu Dhabi.

    What is UAE Flag Day? 30

    What is a flag day?

    The idea was conceived by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, to celebrate the accession of Sheikh Khalifa as President of the UAE in 2004.

    Flag Day was first celebrated in 2013 and is commemorated every year on the anniversary, November 3

    What is UAE Flag Day? 31

    What happens on flag day?

    The day is marked by schools, government offices, businesses and individuals, who hang the country’s banner outside their homes and workplaces.

    Flag-raising ceremonies, in which the national anthem is played, are also held to mark the occasion.

    The flag holds a special place in Emirati culture, and if you want to fly one there are special considerations you must keep in mind.

    What is UAE Flag Day? 32

    2021 UAE Flag Day

    “Brothers and sisters, the UAE will celebrate the 50th year Flag Day on November 3. We call on our citizens, organisations and ministries to hoist the flag simultaneously on November 3 at 11am,” Sheikh Mohammed wrote on Twitter.

    “This symbolises the state, sovereignty and unity of the past 50 years and shall remain with us for the next 50 years to establish belonging, loyalty and love to the UAE soil.”

  • What is Great Place to Work Certification?

    What is Great Place to Work Certification™ & great places to work for UAE Nationals?

    Great Place to Work® is the global authority on workplace culture. It helps organizations quantify their culture and produce better business results by creating a high-trust work experience For All™ employees.

    Employee’s relationship with management

    Employee’s relationship with their job

    Employee’s relationship with their colleagues

    Exhibitor Registration now open

    How do organizations get certified?

    Great Place to Work® Certification is the most definitive ‘Employer-of-Choice’ recognition that organizations aspire to achieve. The Certification is recognized world over by employees and employers alike and is considered the ‘Gold Standard’ in identifying and recognizing Great Workplace Cultures.

    Every year, more than 10,000 organizations across 60 countries apply to get Great Place to Work–Certified TM.

    The institute considers whether an organization that has met the threshold on Trust Index© is also a ‘Great Place to Work® FOR ALL. 

    What is Great Place to Work Certification? 57

    Why does this matter to me as a job seeker?

    Organizations certified as Great Place to Work® go through a rigorous survey & audit process to ensure they meet global standards of High-Trust & High-Performance Culture at their workplaces.

    What is Great Place to Work Certification? 58

    Get a Snapshot of Trust Levels between Employees and the Organization

    What is Great Place to Work Certification? 59

    Compare Your Workplace Culture with Competitors and the Best Companies

    What is Great Place to Work Certification? 60

    Show Commitment to Employees about Improving Workplace Culture

    What is Great Place to Work Certification? 61

    Get Insights on ‘How Your HR Programs are perceived by Employees’

    What is Great Place to Work Certification? 62

    Project Your Employer Brand, Internally and Externally

    What is Great Place to Work Certification? 63

    Attract and Retain Talent

    What is Great Place to Work Certification? 64

    Earn Credible and National Recognition as an ‘Employer of Choice’

    Exhibitor Registration now open

    Great Place to Work Certified™ Organizations

    Exhibitor Registration now open

  • Towards The Next 50

    So what is "Towards The Next 50"? Well, on 15 December 2019, H. H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and H. H. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced 2020 to be the year of preparations for the next 50 years.

    On 28 September 2020, the UAE Government launched a major public eParticipation project titled ‘Designing the Next 50’, which will engage all segments of the society: public and private sectors and, citizens and residents in designing the next 50 years of the UAE.

    Towards The Next 50 82

    Where would you like to see UAE in the next 50 years?

    (please leave your comments below)

    Please also participate on the official portal in designing the next 50 years for the UAE

  • IWD2021 Tweets

    celebrating the
    international women's day 2021!

    Tweets from some of the leading supporters of UAE National Talent

     

  • Fairmont Dubai appoints Director of Talent and Culture

    Fairmont Dubai appoints Director of Talent and Culture 85
    Fairmont Dubai appoints Director of Talent and Culture 86

    Edwin Calimano joins Fairmont Dubai from his most recent role as area director of human resources with InterContinental Hotels & Resorts, where he successfully led the human resources function at its four-unit complex in Dubai Festival City.

    According to the property, in his new role, Calimano will oversee all aspects of talent acquisition and development, while driving sustained high levels of colleague engagement by leveraging on the strengths of the brand and existing resources at the company’s flagship hotel located in the heart of Dubai.

  • Jumeirah Group: New Emiratisation Director

    Jumeirah Group: New Emiratisation Director 88

    Jumeirah Group is pleased to announce the appointment of Muneera Al Taher as Director of Emiratisation – Talent Acquisition and Development, with a focus on driving local talent recruitment and development across the group.

    Under the umbrella of the UAE leaders’ vision to empower Emiratis across the semi-government and private sector, Al Taher will pioneer a new agenda that focuses on attracting top talent, introducing new development programmes and supporting growth of Emirati employees in Jumeirah Group. Her appointment forms part of increased efforts by the company to grow and develop its local workforce and support the nation’s Emiratisation vision leading up to Expo 2020 and beyond.

    Al Taher recently started in her new role after two years as Director of Human Resources at the Jumeirah Creekside Hotel, where she was focused on overseeing the performance culture and team development. She has also been instrumental in her role as the Emiratisation and Learning and Development Manager in a corporate capacity from 2013, which saw her take charge of national programs aimed at attracting and developing local talent.

    Ellen Dubois du Bellay, Chief Human Resources Officer at Jumeirah Group said: “From our privileged position as the darling brand of Dubai we want to ensure that local talent is an integral part of our workforce, harnessing their deep understanding of the market and culture to grow and differentiate Jumeirah both in the UAE and globally. As such, we aim to grow the Emirati presence within our workplace, and we are confident that Muneera will drive this strategy forward across the business. At Jumeirah Creekside, she worked hard to establish UAE national focused programmes and this experience combined with her extensive knowledge of the Jumeirah business, will allow her to achieve great success within her new role.”

    Al Taher possesses a strong foundation of knowledge from her extensive experience in the field of Human Resources, exposing her to various elements of the trade, from management and skill development to evaluation of performance. To cement this further, she received recognition from the Chartered Institute of Personnel and Development, augmenting her industry prowess and allowing her to play a vital role in strategy creation regarding hiring, training and development functions throughout her career.

  • Etisalat > 5G Goes Live

    Etisalat > 5G Goes Live 90

    UAE telecom operator Etisalat on Saturday said it is enabling the superfast 5G connectivity at the Etisalat Metro Station in Dubai, becoming the first 5G-enabled metro in the Middle East and North Africa.

    Etisalat Metro Station will enable users with a 5G experience of speeds over 1Gbps (gigabytes per second) and faster response time with latency less than one millisecond.

    At 20 times faster than 4G, 5G technology allows users to stream live 4k resolution videos with virtually no lag, cloud gaming from anywhere in UAE, and instant wearable technologies connectivity, among other advantages.

    Etisalat embarked on its 5G journey in 2014 when it started constructing its network of the next generation network. It launched the first ‎‎commercial 5G wireless network in May 2018 in the UAE, becoming the first telecom operator in the MENA region to do so.‎ Expo 2020 Dubai was also the first major commercial customer in MEASA to partner with Etisalat on 5G in July 2018.

    Etisalat also announced this month it achieved over 3.1Gbps download throughput over its 5G Stand Alone (SA) network. Ookla, the global leader in fixed broadband and mobile network testing applications, recognised Etisalat for being the fastest mobile network in MENA and broadband network in GCC, Africa and Arabian region in 2019.

    Source: https://gulfnews.com/uae/transport/now-get-5g-connectivity-at-dubais-etisalat-metro-station-1.68480638

  • Johnson Controls acquires EasyIO Building and Energy Management...

    Johnson Controls acquires EasyIO Building and Energy Management System 92

    Acquisition will create “significant growth opportunities” as Johnson Controls leverages EasyIO products in Middle East.

    Based in Kuala Lumpur, Malaysia, EasyIO has operations in Asia, Australia, Europe and North America.

    The acquisition will create significant growth opportunities as Johnson Controls leverages the EasyIO products and team in the Americas, Europe, Middle East and APAC building automation markets, as well as the global HVAC and refrigeration markets.

    “EasyIO provides a valuable addition to our already robust building automation system portfolio, which includes brands such as Metasys, Facility Explorer, Verasys and BCPro,” said James Burke, VP and GM BAS at Johnson Controls.

    “This is an exciting move for us,” said Mike Marston, co-owner of EasyIO.

    “With access to Johnson Controls resources, EasyIO will continue to bring to market even more new, innovative products.”

    Johnson Controls has more than 30 years of expertise in building automation systems and has driven HVAC controls innovation for more than 130 years.
    The company provides building automation solutions for complex and light-commercial buildings.

    EasyIO’s product line includes IP-based and network-ready controllers, HMI products, peripherals, gateways, and modems.

    The company serves the facility management market, including office buildings, utilities, industrial facilities, hotels, healthcare facilities, retail stores, residences and educational facilities.

    REF: https://www.mepmiddleeast.com/suppliers/74268-johnson-controls-acquires-easyio-building-and-energy-management-system 

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