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Completion of the subscription process for Arab Bank’s sustainable loan bonds with great success

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Sahfy Sahfy
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Completion of the subscription process for Arab Bank’s sustainable loan bonds with great success
Completion of the subscription process for Arab Bank’s sustainable loan bonds with great success

Arab Bank announced the successful issuance of USD 250 million in Additional Tier 1 (AT1)
Capital Securities. The milestone marks the first sustainable perpetual AT1 issue in Jordan.
The bond, which was issued through a private placement, is listed on the International Securities
Market (ISM) and the Sustainable Bond Market of the London Stock Exchange. The bond,
which offers investors an interest rate of 8%, attracted a diverse group of investors, including
large institutional and individual investors from Jordan and several other countries where Arab
Bank operates.
The issuance is intended to further strengthen the bank’s capital base and diversify its sources of
funding, to support its future plans for regional growth and expansion.
Arab Bank’s Chairman Sabih Masri expressed his gratitude towards investors and stated: "The
overwhelming demand for this issuance, which exceeded the issue size, underscores the deep-
rooted confidence that local and regional investors bestow upon Arab Bank.” He also extended
his sincere thanks to the Central Bank of Jordan and Jordan Securities Commission for their
instrumental support.
“We are proud to receive such a strong vote of confidence from investors in response to this
significant issuance” commented Ms. Randa Sadik, Arab Bank’s CEO. The proceeds of the
issuance will be used to finance a portfolio of qualified sustainable projects, in line with Arab
Bank’s strategy to integrate Environmental, Social and Governance (ESG) principles across the
organisation.
"In the upcoming period, we anticipate further initiatives, which will further boost the bank’s
performance across the various business sectors” Ms. Sadik added. “Our emphasis will remain
on expanding into new markets, diversifying our revenue streams and continuing to provide
comprehensive banking services and solutions, supported by integrated digital platforms and
channels."
Arab Bank, headquartered in Amman Jordan, was established in 1930 and currently has one of
the largest global Arab banking networks with over 600 branches spanning five continents and
covering key financial markets and centres. Earlier this year, Arab Bank was named the “Best
Bank in the Middle East for 2023” by Global Finance magazine for the eighth consecutive year.

Step into the Wild! TECOM Group Presents Exciting Escape Room Adventure in Dubai to Raise Climate Awareness

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Sahfy Sahfy
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Step into the Wild! TECOM Group Presents Exciting Escape Room Adventure in Dubai to Raise Climate Awareness
Step into the Wild! TECOM Group Presents Exciting Escape Room Adventure in Dubai to Raise Climate Awareness

Dubai, UAE, 10 October 2023: Hold onto your hats, eco-warriors: TECOM Group PJSC, the mastermind behind Dubai’s most vibrant business districts, is teaming up with the Environment Agency – Abu Dhabi (EAD) and Emirates Nature-WWF to unveil an epic escape room experience like no other – the Escape Climate Change – Mangrove Edition escape room.
Get ready to embark on a thrilling journey to boost climate awareness and action, all in the spirit of the ‘Year of Sustainability,’ leading up to the 2023 United Nations Climate Change Conference (COP28).

Dubai Media City: Where the fun begins
This escape room adventure is part of EAD’s and Emirates Nature-WWF’s commitment to achieving the UAE’s national sustainability goals by adopting ‘nature-based solutions’ to tackle societal challenges. The mission? To raise awareness about the complexity and severity of climate risks and provide pathways for you to join the fight against climate change.
Mark your calendars for 12-13 October when the Escape Climate Change – Mangrove Edition escape room kicks off the new season of its nationwide tour at Dubai Media City, the beating heart of the regional media industry. After this exciting debut, the escape room will hit the road, inviting thousands of residents across the UAE to discover the wonders of mangroves while diving deep into global climate conversations.
H.E. Dr Shaikha Salem Al Dhaheri, Secretary General of the Environment Agency – Abu Dhabi (EAD), said: “Initiatives like the ‘Escape Climate Change – Mangrove Edition’ Escape Room provide a pathway for UAE youth and the community to understand the science and complexity involved in building climate resiliency, empowering them to step up and make greater contributions towards climate and nature, through citizen science and volunteerism.”

“Immersive physical experiences can transform abstract concepts into palpable, memorable learning moments,” said Majed Al Suwaidi, Senior Vice President of Dubai Media City, part of TECOM Group PJSC. “We are delighted to partner with EAD and Emirates Nature-WWF to host the Escape Climate Change – Mangrove Edition escape room, which will not only excite and thrill visitors but also strengthen their environmental knowledge and awareness in the UAE’s Year of Sustainability.”
“The Escape Climate Change – Mangrove Edition escape room delivers an immersive experience, designed to inspire greater interest in the climate-nature crisis and motivate participants to be part of the solution,” said Laila Mostafa Abdullatif, Director General at Emirates Nature-WWF. “We welcome all participants to join the Leaders of Change community, through which they can participate in conservation field trips and help implement Nature-based Solutions on the ground.”
Empowering with education
Buckle up for an innovative and educational escapade: the Escape Climate Change – Mangrove Edition escape room is designed to ignite climate resilience and inspire community engagement in conservation. And the best part? It’s open to everyone – adults and kids alike! The escape room’s tour will continue to Dubai Science Park, TECOM Group’s buzzing science-focused community, as it hosts the annual WeWalk charitable walkathon on 18 November.
The escape room offers more than just excitement – it is an opportunity for people of all ages to learn firsthand about the science of climate adaptation, using the incredible powers of mangroves. But that’s not all – visitors will also be invited to take meaningful climate action by signing up to join nature-based activities and become citizen scientists through EAD’s and Emirates Nature-WWF’s ‘Sahim’ programme and Emirates Nature-WWF’s ‘Leaders of Change’ platform. These initiatives empower the community to make a difference by contributing to conservation research and decision-making, and by gathering valuable data about local species and habitats.
Enabling sustainability
Dubai Media City and Dubai Science Park are part of TECOM Group, which has been developing strategic, sector-focused business districts across Dubai since 1999, including communities like Dubai Internet City, Dubai Design District (d3), Dubai Studio City, and Dubai Knowledge Park.
Dubai Media City is the regional epicentre for the media and communications industry and amplifies the reach of climate action awareness and advocacy. Dubai Science Park, meanwhile, is a testbed for how the fusion of science and sustainability under one roof sparks research, innovation, and solutions that benefit the world at large.

The metaverse could reach up to $900 billion by 2030 but will take time to scale, finds Bain & Company

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Sahfy Sahfy
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The metaverse could reach up to $900 billion by 2030 but will take time to scale, finds Bain & Company
The metaverse could reach up to $900 billion by 2030 but will take time to scale, finds Bain & Company

Dubai, United Arab Emirates, October 11, 2023—Despite recent headlines that “metaverse-hype” is dying down, new research released recently by Bain & Company shows the metaverse could reach up to $900 billion dollars by 2030—though it may remain in the seed stage for at least another five to 10 years.

Bain’s report, Taking the Hyperbole Out of the Metaverse, concludes that the metaverse poses real and growing economic opportunities for businesses. Companies that engage in the metaverse’s early stages of development, known as the “seed stage,” over the next five to 10 years, are more likely to become the market winners.

“As the metaverse quickly evolves, we’ve already seen these types of technologies take hold within different industries,” said Chris Johnson, a partner in Bain’s Technology practice.

“A good example of this is immersive gaming platforms, which are already boasting hundreds of millions of monthly active users. And while it’s not immediately clear how the metaverse landscape will shift, our research shows there are five competitive battlegrounds that executives should be considering if they wish to get ahead and eventually scale. This is an ongoing journey toward more immersive and collaborative experiences, enabled by rapid improvements in the underlying technology.”

The metaverse is – and will be — plural
As consumer and enterprise applications become increasingly immersive and collaborative, Bain’s report finds it’s unlikely that the metaverse will emerge as one singular platform. Instead, platforms with large user bases today may take steps to become increasingly immersive and engaging, while smaller, metaverse-like environments will try to attract bigger user bases. These virtual worlds are likely to remain independent silos as private companies seek to recoup their investments by leveraging the value of the underlying data sets.
“Today, a mix of metaverse strategies exist, from companies with a vertically integrated approach that spans multiple segments of the metaverse technology stack to those with a horizontal strategy that focuses on a single layer of the stack,” said Moncef Maghrebi, Partner at Bain & Company Middle East. “It remains to be seen which will prove to be most effective as the market develops and the shape of the ecosystem (vertical vs. horizontal) is likely to evolve over time.”
Industries that have since exhibited the use of metaverse-type technologies include but are not limited to: entertainment, manufacturing, healthcare, education and employee training.

Five key competitive battlegrounds that executives should consider if they want to gain market share in the metaverse according to Bain include:
Virtual experiences (forecast by Bain to be about 65% of metaverse projected market size in 2030). Although gaming is currently the leading consumer metaverse application, immersive fitness and entertainment could also be compelling in the medium term. On the enterprise side, innovative use cases are emerging, primarily in collaboration and productivity, but also in digital marketing, employee training, education and healthcare.
Content-creation tools (about 5% of metaverse market size in 2030). There’s a growing field of software tools that provide the building blocks, editing platforms and interfaces for creating metaverse worlds and experiences. These features make it easy for users to generate content.
App stores and operating systems (about 10% of metaverse market size in 2030). The app store role will be crucial during the metaverse’s seed stage, providing users with curated, high-quality experiences to keep them engaged with the platform and headset they use to access the metaverse.
Devices (about 10% of metaverse market size in 2030). Significant technological barriers must be overcome before the arrival of comfortable, stand-alone devices that allow for truly immersive experiences. To achieve mass adoption, metaverse content will need to work across all types of devices- including, for the foreseeable future, personal computers, gaming consoles and smartphones.
Computing and infrastructure (about 10% of metaverse market size in 2030). Hardware companies will face pressure to develop higher-performing chips, servers and networking technologies to render high-quality graphics and reduce latency.

Informa Connect Announces the 21st Edition of the HR Summit and Expo

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Sahfy Sahfy
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Informa Connect Announces the 21st Edition of the HR Summit and Expo
Informa Connect Announces the 21st Edition of the HR Summit and Expo

 [Dubai, October 11, 2023] – Informa Connect is thrilled to announce the much-anticipated 21st edition of the HR Summit and Expo (HRSE), affirming its status as the Middle East’s most extensive and enduring HR event. In 2023, HRSE is poised to deliver its most comprehensive and engaging experience to date, spanning an exhilarating five-day schedule with one masterclass, two conference and exhibition days, one awards ceremony and two days of dedicated certified workshops on key HR themes focused on the future of work from October 23 to 27.

With a remarkable 20-year legacy, HRSE has consistently stood out as a beacon of inspiration, innovation and motivation for HR professionals. This year, the series kicks off with an exclusive Masterclass by Dave Ulrich on October 23 at Park Hyatt, Dubai. Dave Ulrich, an influential figure in Human Resources and management, commands immense respect in the business world. He boasts accolades such as being recognised as the top management guru by Business Week, ranked as one of Forbes’ top-five coaches. His induction into the Thinkers50 Hall of Fame further cements his status as one of the foremost global business thinkers.

Dave Ulrich’s forthcoming masterclass on talent management is an event not to be missed, promising to shed light on the critical importance of talent in the corporate realm. This session will unveil emerging trends in talent management, provide data-driven insights through the Organisation Guidance System, and equip attendees with practical strategies to gain a talent advantage within their organisations. Dave Ulrich’s wealth of experience and accolades make his insights indispensable for those striving to excel in the ever-evolving business landscape. As Dave said, “The global HR landscape is evolving rapidly due to factors like the pandemic and new technologies. In the Middle East, particularly in the UAE and KSA, the industry is dynamic due to economic growth and high demand for talent. HRSE is a pivotal event for learning, networking, and collaborating in response to these changes.”

From October 24 to 25, the HR Summit & Expo will unfold at Halls 3 and 4 in the Dubai World Trade Centre. HRSE brings together industry leaders to share practical insights through various formats covering topics ranging from the future of work, employee engagement, talent strategies, DEI, total rewards, and so much more. Moreover, the event boasts an extensive exhibition floor, showing global HR services and solutions from Zurich International Life Ltd. and Wharton as Headline Sponsors, Akrivia HCM as both Gold Sponsor and Coffee Sponsor, PeopleStrong/Vantage Circle as the Platinum Sponsor along with sponsorship for the Future Workplace Awards Gala Dinner and Drinks, Other Platinum Sponsors include Cigna Healthcare, Hayah Insurance, XpertLearning/Cornerstone and Knowledge Consulting Group. The Gold Sponsors are Darwin Box and Bupa Global/Sukoon.

Visitors will get free access to the four seminar rooms, including one dedicated to innovation and technology (the HR Tech room) HRSE offers a holistic experience, encompassing networking opportunities, valuable learning experiences, and an exploration of the latest HR and well-being trends.

HRSE attendees will have the privilege of witnessing luminaries like Lynda Gratton, a distinguished Professor and Organisational Theorist at the London Business School, renowned globally as a leading authority on the future of work. On the second day, Lucy Adams, former HR Director at the BBC, will share her experiences in managing significant change in complex organisations, addressing quick decision-making, moral considerations, and redefining leadership in an uncertain world. Lucy will also provide insights into managing public scrutiny and organisational challenges from her five-year tenure, offering fresh perspectives on leadership and employee engagement. Another unmissable talk is by Dr. Adam Hickman, Ph.D., Vice President of Learning, Organisational Development, and Cast Member Development at The Walt Disney Company, a renowned expert in leadership, HR, and organisational development. Dr. Hickman’s session promises valuable leadership insights on October 25.

The Future Workplace Awards, a premier recognition platform in the Middle East, will be held on October 24 at Park Hyatt, Dubai. These awards celebrate innovation in HR practices and initiatives, acknowledging outstanding contributions by individuals, teams, departments, and organisations that have shaped the regional HR landscape. The mission of these awards is to promote best practices that elevate employee experiences, drive business growth, and advance the industry.

Following the awards ceremony, the certified workshops are scheduled for October 26 and 27 at the Sheraton Grand Hotel. These include:

  • Total Rewards Design Thinking for Exceptional Employee Experiences – Presented by Dr. Todd Brodie, a faculty member at WorldatWork MENA.
  • Aligning Learning and Talent Development Strategy to Business Objectives  – Presented by Niamh Briody-Jordan, an expert associated with the Association for Talent Development (ATD).
  • Reskilling and Upskilling the Workforce – Presented by Dr. Pam Jackson, PhD, CEO & Founder of Driven Performance Consulting FZE.
  • Generative AI X HR – Presented by Frederik Haentjens, CEO Get Design Thinking.
  • Total Rewards in a Remote Work Era: Adapting Compensation and Benefits for the Hybrid Workforce – Presented by Dr. Todd Brodie, a faculty member at WorldatWork MENA.
  • Fundamentals of Training & Facilitation Certificate – Presented by Seema Nagrath Menon, MD, and Founder of CALM Worldwide, who is an ATD Master Trainer.
  • Career Capital Theory – Presented by Shad Rogers, Founder of Clairmont Development, delves into this subject.

Don’t miss the opportunity to secure your in-person pass for this remarkable – five day learning, insights, and networking experience. The Premium Delegate Access pass allows you to attend the live – two day summit in Dubai, access the exhibition, engage in face-to-face networking over lunch, coffee breaks, and in-person meetings. Choose from various pass types, including Platinum for the full five day package, Gold for flexible options, Silver for tailored access, Bronze for a comprehensive two day experience, or an Awards Pass for exclusive access to HRSE Exhibition, Hives (Seminars), and Awards. As a bonus, you’ll receive a one-year free subscription to Streamly, the new video content platform, offering access to HRSE content and recordings from HR community events. Group discounts are available.

Forbes Middle East Concludes Its Second Annual Healthcare Summit

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Sahfy Sahfy
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Forbes Middle East Concludes Its Second Annual Healthcare Summit
Forbes Middle East Concludes Its Second Annual Healthcare Summit

Abu Dabi, October 11, 2023: Forbes Middle East, in partnership with PureHealth, the UAE’s largest healthcare group, has concluded its second annual Healthcare Summit, which was held on October 8-10 at the St Regis Saadiyat in Abu Dhabi, under the theme “Health for Everyone: Advancing Healthcare.”

With more than 700 guests, speakers, dignitaries, and industry leaders in attendance, the vital event explored how the entire healthcare ecosystem is transforming to embrace technology, sustainability, and new cutting-edge therapies to improve patient outcomes and longevity. The summit also highlighted the importance of considering sustainability and waste reduction in facility operations, health infrastructure, and medical supplies.

Khuloud Al Omian, CEO and Editor-in-Chief of Forbes Middle East, emphasized the significance of the summit, stating, “We are thrilled at how everyone came together to make this incredible event such a success. There is nothing more precious than our health, and the industries that take care of this gift are among the most vital in the world. It makes me so proud that we have built this platform that enables so many experts, practitioners, and policymakers to come together to debate the issues most important to them and share their stories and discoveries for the good of human life.”

Forbes Middle East Concludes Its Second Annual Healthcare Summit
Forbes Middle East Concludes Its Second Annual Healthcare Summit

Shaista Asif, Co-Founder and Chief Operating Officer of PureHealth, said: “We are happy to have partnered with Forbes Middle East to deliver this year’s groundbreaking Healthcare Summit. The event brought together leaders in healthcare and provided a platform for knowledge sharing and discussion of some of the most critical challenges we face in the industry. At PureHealth, we are committed to ideas exchange and engagement across the sector to bring about transformative developments that foster longevity and well-being in our communities and beyond. We remain steadfast in our dedication to further strengthening Abu Dhabi’s global position as a health and longevity hub, in line with the national vision, and we congratulate Forbes Middle East on a successful summit.”

The summit offered a comprehensive program featuring in-depth discussions, thought-provoking panels, interactive sessions, and inspiring stories. These included insight from: Shaista Asif, Group Chief Operating Officer of PureHealth; Dr. Fatima Al Kaabi, Executive Director of the Abu Dhabi Bone Marrow Transplant Program at the Abu Dhabi Stem Cells Center; H.E. Dr. Mariam Matar, Founder & Chairperson of the UAE Genetic Diseases Association; H.E. Maqsoud Kruse, Chairperson of the National Human Rights Institution UAE; Ayman Mokhtar, Regional President MENA & EURASIA at Viatris; and Dr. Fouziyah Al-Jarallah, Owner & Operator of the Hayat National Hospitals Group.

As well as its presenting partner, PureHealth, Forbes Middle East worked with a number of other esteemed partners to deliver this vital event: support partners Jamjoom Pharma, Fern Interior Decoration, and Desert Group; knowledge partner Khalifa University; support partners Marina Retail Corporation and Sheikh Shakhboot Medical City; event partners Hayat National Hospitals, Carexso, the Pharmaceutical Development Company, and NABD; food partners Amazonas4u, One Hive, House of Pops, Bustanica, Camelicious, and Barakat; wellness partners The Art of Living and Aroma Tierra; sustainability partner No More Bottles; AI and technology partner PurpleGlo; and gift partners Patchi, The Elixir Clinic, The Ritz Carlton Istanbul, The Oberoi Beach Resort Al Zorah, Rixos Premium Dubai, Niyama Private Islands Maldives, W Abu Dhabi Yas Island, Anantara Desaru Coast Resort & Villas, St Regis Cairo, Hampton by Hilton Marjan Island, Zulal Wellness Resort, xNARA, and Organic Foods & Café.

Forbes and PureHealth Partner to Advance Healthcare in Middle East and North Africa

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Sahfy Sahfy
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Forbes and Pure Health Partner to Advance Healthcare in Middle East and North Africa
Forbes and Pure Health Partner to Advance Healthcare in Middle East and North Africa

Abu Dhabi, United Arab Emirates, October 3, 2023: Forbes Middle East, in collaboration with PureHealth, the largest healthcare platform in the Middle East, has announced the return of the Forbes Middle East Healthcare Summit at St Regis Saadiyat, Abu Dhabi, from October 8-10. The summit sets a notable milestone as Abu Dhabi’s inaugural sustainable healthcare event, exclusively utilizing eco-friendly mediums and implementing waste reduction strategies, including measures to minimize food waste. Under the theme “Health for Everyone: Advancing Healthcare,” the summit will gather healthcare professionals and experts to discuss transformative strategies to elevate the sector in the Middle East.

The summit will explore AI’s potential to revolutionize healthcare, unlocking new opportunities for advanced technologies and processes to elevate healthcare delivery and optimize operations. Additionally, it will shed light on longevity, mental health, stem cells, and regenerative medicine, exploring breakthroughs that promise to reshape the future of healthcare in the region. Attendees will engage in thought-provoking panels and interactive sessions, exchanging insights to drive progress.

Khuloud Al Omian, CEO of Forbes Middle East, expressed enthusiasm about the partnership with PureHealth, stating: “Our collaboration with PureHealth underscores our commitment to promoting excellence and innovation in the healthcare sector. We are thrilled to join forces with a key player in the industry and are excited to facilitate cooperation, spark innovation, and shape the future of healthcare.”

Commenting on the partnership, Shaista Asif, Co-Founder and Chief Operating Officer of PureHealth, emphasized: “We are delighted to collaborate with Forbes Middle East to deliver this year’s Healthcare Summit.  At PureHealth, we are committed to shifting healthcare paradigms and establishing a framework that fosters longevity and well-being in our communities and beyond. We are dedicated to further strengthening Abu Dhabi’s global position as a health and longevity hub, in line with the national vision. This event further testifies our continued interest and engagement to chart a course toward transformative advancements, ensuring a healthier and more sustainable future for generations to come.”

In line with corporates’ shared commitment to global sustainability responsibility, Forbes Middle East and PureHealth are partnering to drive a new initiative at the healthcare summit, aiming to make it the first-ever zero-waste and eco-friendly event. This initiative will showcase their dedication to suitability, well-being, and a healthy environment.

As part of the sustainability track, the Forbes Middle East Healthcare Summit will emphasize the importance of waste reduction in healthcare operations during the discussions and sessions and address the industry’s environmental impact, demonstrating the collective efforts in the Middle East to create a healthier and more sustainable future.

PureHealth has further demonstrated its dedication to sustainability by pledging to achieve net-zero emissions by 2040. The announcement was made during the UAE’s Year of Sustainability and the staging of the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28).

Forbes Middle East and PureHealth invite healthcare professionals, policymakers, and industry leaders to join this transformative summit and be part of shaping a brighter future for healthcare in the Middle East. 

Participants’ collective commitment and efforts will not only advance healthcare accessibility and quality but also make a tangible contribution to creating a healthier planet for generations to come.

ADNOC Drilling announces growth in interim cash dividends for the first half of 2023

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Sahfy Sahfy
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ADNOC Drilling announces growth in interim cash dividends for the first half of 2023
ADNOC Drilling announces growth in interim cash dividends for the first half of 2023

Abu Dhabi, UAE – October 10, 2023: ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) announces an interim dividend payment of $358 million, or 8.22 fils per share, for the first half of 2023. This represents another 5% year-on-year increase, in-line with the Company’s progressive dividend policy. The interim dividend distribution will be on or around October 27, 2023, to all shareholders of record as of October 19, 2023.

ADNOC Drilling Chief Executive Officer Abdulrahman Abdulla Al Seiari said: “This continued growth in dividend reflects ADNOC Drilling’s strong and visible cash flows and confidence in long term growth. Our ability to deliver highly attractive, sustainable and growing shareholder returns is testament to our focus on profitability and cash flow, with our customers growth plans and our own initiatives providing a solid pipeline of further growth in the coming years.

‘’During the first half of 2023, we have continued the rapid and unprecedented expansion of our fleet, as well as signing contracts worth more than $2.4 billion. These long-term contracts, and our unique relationship with ADNOC, provide clear, long-term visibility on cashflows and earnings, as well as protection against market volatility.’’

In the first half of 2023, ADNOC Drilling announced increased revenue of $1.4 billion, up 13% year-on-year, EBITDA of $677 million, up 17% year-on-year and net profit of $446 million, up 18% year-on-year.

The interim dividend 2023 delivers on the Company’s progressive dividend policy, reflecting the expectation of strong cash flow and long-term earnings visibility, while providing ample headroom to fund ongoing operations and investments for long-term growth. Since listing on Abu Dhabi Securities Exchange, and including this latest interim dividend payment, the Company will have distributed $1,366 million to shareholders.

Dubai hosts the Big 5 Global to attract investments worth $7 trillion

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Sahfy Sahfy
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Dubai hosts the Big 5 Global to attract investments worth $7 trillion
Dubai hosts the Big 5 Global to attract investments worth $7 trillion

Dubai, UAE | 9 October 2023: Big 5 Global, the largest and most influential construction
industry event in the Middle East, Africa and South Asia (MEASA) is set to take place at
Dubai World Trade Centre from 4 – 7 December 2023. With registrations open for
participants who wish to attend the annual gathering of the global construction industry,
the event aims to host 2,200+ exhibitors and 68,000+ attendees from more than 150
countries for four days of valuable business networking, fruitful partnerships and
knowledge exchange.
Big 5 Global unites the whole industry bringing together contractors, developers,
architects, engineers, consultants, disruptors, innovators and suppliers to ESG advisors
and international and local policymakers, empowering the development of the
construction industry.
The construction industry is booming in the Middle East, Africa and South Asia (MEASA)
region, with over $7 trillion in active projects and $3.8 trillion worth of recently awarded
projects, according to ABiQ. The increasing number of projects in the region attracts a
wide range of stakeholders, making Big 5 Global the ultimate platform for numerous
opportunities for both local and global companies wanting to meet decision-makers.
The UAE Ministry of Energy and Infrastructure continues to support the event,
emphasising the importance of industry collaboration and tackling the impact of climate
change.
Ben Greenish, Senior Vice President – Construction, dmg events, organiser of Big 5
Global, said: “For 43 years, Big 5 Global has continued to serve as a true testament to
the region’s attractiveness in the global construction arena, bringing together
groundbreaking ideas, cutting-edge technologies and unparalleled expertise. The event
not only enhances the diversity of offerings with the participation of 2,200+ exhibitors
but also fosters international collaborations and promotes cross-border partnerships as

stakeholders from different parts of the world come together to share products and
services whilst driving the industry towards a sustainable future.”
Eight product sectors at Big 5 Global
In its 44 th edition, Big 5 Global is once again accompanied by eight specialised events
covering the entire construction value chain. These include Big 5 Heavy, Middle East
Concrete, Windows Doors & Facades Event, Gulf Glass, HVAC R, Middle East Stone,
the Urban Design & Landscape Expo and FM Expo.
Twenty country pavilions shine the spotlight on construction solutions from Germany,
Italy, Greece, Saudi Arabia, Singapore, Spain, the UK, Türkiye, Cyprus, India, Austria
and China, among others. "The return of Austria's participation at Big 5 Global after 5
years underscores the importance of showcasing innovations on a global stage. It
comes at a time when Austria is seeking to meet new buyers in the booming MEASA
market and engage in partnerships,” added Greenish.
The event gathers over 50,000 products and solutions and welcomes a host of new-to-
show brands such as ARISTON from Italy, Henkel from Germany; Stanley Black &
Decker and Milwaukee Tool from the US; UAE-based Galadari, Genavco, ModDsys and
Mapei; SIEMENS (GCG Group) from Kuwait, among others. Some of the exhibiting
brands include DUTCO TENNANT, Emirates Steel, Grundfos, Honeywell, NAFFCO,
SCHÜCO, RAKTherm and USG ME.
Eight product sectors take centre stage at Big 5 Global including building envelope and
special construction, building interiors and finishes, construction technologies and
personal protective equipment, intelligent buildings, MEP services, off-site and modular
construction, digital construction products and services and solar products,
technologies, and services.
Advancing thought leadership
Big 5 Global brings together leaders, experts, innovators and practitioners from various
related industries, such as contracting, architecture, engineering, technology and
sustainability, among others to maximise the potential of the regional construction
market, as a global leader.
In 2023, Big 5 Global is accompanied by Big 5 Global Leaders’ Summit, Big 5
FutureTech Summit as well as Big 5 Talks which are being held under 10 different
streams including Project Management, Concrete, Geotechnical, Architecture, Solar,
Facilities Management & Retrofit, Facades, HVAC R & MEP, Offsite & Modular,
Technology, and Urban Design & Landscape.
"As we convene at this year’s Big 5 Global Leaders' Summit, I am reminded that our
shared commitment to sustainability must evolve from pledges to actions. The

government, private and public sector must work together to maintain and define the
roadmap needed to rapidly increase the adoption of energy efficiency and wellbeing in
our built environment. Through dialogues at the summit, alongside other industry
thought leaders, we’ll explore ideas and discuss ways to drive a sustainable future for
the industry,” said H.E. Dr. Ali Al Jassim, Chair, Emirates Green Building Council,
commenting on his participation at the summit.
“Through Big 5 Global, we bring diverse expertise, foster a culture of thought leadership
and expose the MEASA region’s construction industry to new innovations and best
practices. This exposure to global viewpoints at the summits encourages thought
leaders to think beyond their local contexts and adapt to global trends,” added
Greenish.
This year’s Big 5 Global will celebrate the 3 rd edition of Big 5 Global Impact Awards,
recognising innovation, sustainable development, technology and digital achievements
in the construction industry in 19 categories. With shortlists being announced, 100
finalists will undergo intense competition to lift the winner’s trophy.

ZOO Digital expands investment in ZOO Turkey

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Sahfy Sahfy
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ZOO Digital expands investment in ZOO Turkey
ZOO Digital expands investment in ZOO Turkey

ZOO Digital Group plc (AIM: ZOO), a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, today announces an additional strategic investment in ZOO Turkey, further expanding the Group’s operations in a key growth region.
The Company initiated the first phase in its global growth strategy with the launch of ZOO Turkey in November 2021, investing in leading Istanbul-based media localisation company, ARES Media.

Two successful years of partnership has driven significant growth in core dubbing, subtitling and media services, helping to address the increased demand for high-quality Turkish content.

Global demand from major content creators and global streaming services for Turkish content and distribution of non-Turkish titles in the country continues to grow. As part of ZOO’s global growth
initiative, the increased stake in ZOO Turkey will support new opportunities to provide an enhanced offering in the MENA region. The investment will also enable ZOO to secure new talent across its key markets.

The transaction will continue to provide greater capacity in Turkey to handle higher
volumes of work at a faster rate, and access competitive pricing in all key languages.
Stuart Green, CEO of ZOO Digital, said:
“We are proud of the success of ZOO Turkey since its launch two years ago. Our partnership with
ARES has facilitated the delivery of high-quality Turkish language services to our customers and
we are thrilled to further consolidate this relationship in a key strategic market. This additional
investment further aligns ZOO with the most important markets for our customers and will ensure
we are well placed to meet growing demand for our core services in the years ahead. We look
forward to continuing to strategically support ZOO Turkey as part of our long-term growth ambitions
in the region.”
Ender Albayrak, President, ZOO Turkey, ARES Media, added:
“Since officially becoming part of the ZOO family, we have worked successfully as part of the wider
Group to deliver technology-backed localisation and media services to clients. As we see demand
grow in MENA and globally, further investment in ZOO Turkey will enable us to enhance our
services and ramp up capacity to meet demand.”

Saudi Ministry of Energy Grants Patronage to ICIS Middle East Base Oils and Lubricants Conference

By
Sahfy Sahfy
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The Ministry of Energy Saudi Arabia grants patronage to ICIS’ 18th Middle Eastern Base Oils and Lubricants Conference
The Ministry of Energy Saudi Arabia grants patronage to ICIS’ 18th Middle Eastern Base Oils and Lubricants Conference

Riyadh, 8 October 2023 – The Ministry of Energy Saudi Arabia has granted patronage to ICIS’ 18th Middle Eastern Base Oils and Lubricants Conference, to be held on 17-18 October in Jeddah, Saudi Arabia. This premier event will provide a unique opportunity for leaders in the base oils and lubricants industry to network, share wisdom, and tackle pressing industry challenges.

Sarah Harvey, director of events at ICIS, comments, “We are honoured that the Ministry is supporting the 18th Middle Eastern Base Oils and Lubricants Conference through their patronage. It reflects the event’s prestige and the value of the base oils market in the region. Although base oils represent just 1% of total oil production, they are crucial profit drivers in the broader industry. The conference is structured to reinforce this segment, shedding light on global trends and providing essential information to boost the sale of base oils and lubricants.”

ICIS is also pleased to announce that the opening keynote speech at the 18th Middle Eastern Base Oils and Lubricants Conference will now be delivered by the Deputy of Oil and Gas Regulatory and Technical Affairs, Ministry of Energy Saudi Arabia, Eng. Majed Hindi AlUteibi. Over its two days, the conference will provide a comprehensive outlook for the Middle East market, incorporating insight into growth drivers in the region, such as infrastructure development and engagement with the African market; evolving trends, such as sustainability and digitalisation; fuel retail topics, and a view into global economic trends for base oils.

“We are delighted to welcome Eng. Majed Hindi AlUteibi to provide the keynote address this year. This event is now recognised as the prime gathering spot for industry experts and underscores the value of building connections. With an agenda defined by the industry for the industry, it features prominent voices and is tailored to attract an array of participants, spanning base oil manufacturers, lubricant blenders, additive companies, and the burgeoning fuel retail business,” concludes Harvey.

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