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International and Local Artists to Pay Tribute to the Legacy of Queen Elizabeth 2

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International and Local Artists to Pay Tribute to the Legacy of Queen Elizabeth 2

The iconic Queen Elizabeth 2 (QE2), Dubai’s only floating hotel docked at Port Rashid, will host a unique art exhibition titled ‘Echoes from the Past’. This extraordinary event will pay tribute to the ship’s storied past, featuring an exclusive preview of artworks by celebrated French artist Fernando Costa, alongside other renowned local artists from Dubai. The preview of the 3-day exhibition will take place on Friday, 8 November 2024, at 6:30 PM at the prestigious Queen’s Grill.

As a symbol of maritime history and elegance, the QE2 continues to inspire, and this artistic celebration will bring its legacy to life through a captivating blend of international and regional artistic talent. The event will offer a sophisticated evening of art and culture, accompanied by curated mocktails, set within the historic and elegant surroundings of the Queen’s Grill, providing guests a truly immersive experience.

Fernando Costa, an internationally renowned artist, is celebrated for his unique ability to breathe new life into discarded metal objects. Through his intricate process of cutting, mixing, and welding materials such as road signs, car bodies, and machinery, he transforms them into stunning works of art. Costa’s creations have been exhibited in world-class cities such as Paris, London, New York, and Singapore. His art embodies a sense of resilience and transformation – values that perfectly align with the enduring legacy of the QE2.

Notably, Fernando Costa’s personal connection to the QE2 runs deep. As a young man in the 1990s, he worked as a steward on the iconic ocean liner, a life-changing experience that shaped his artistic journey. His tribute, created especially for this exhibition, will be unveiled during the event, marking a nostalgic and emotional return to the ship where his story began.

Alongside Costa’s work, other acclaimed local artists from Dubai will also present their own interpretations of the QE2’s heritage, bringing a unique regional perspective to the exhibition. This fusion of global and local artistry will create a rich narrative, celebrating the enduring legacy of the QE2 through diverse artistic expressions.

This event is a must-attend for art enthusiasts, history buffs, and those passionate about the QE2’s heritage. It will be an evening to remember, as these well-known artists pay tribute to one of the most iconic ocean liners in history through the powerful medium of art.

Event Details:

  • Exhibition Title: Echoes from the Past
  • Date: Friday, 8 November 2024
  • Time: 6:30 PM
  • Location: Queen’s Grill, Queen Elizabeth 2 Hotel, Port Rashid, Dubai
  • Admission: By Invitation Only

Magnati partners with Ajman Bank to enhance financial solutions for SMEs in the UAE

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Magnati partners with Ajman Bank to enhance financial solutions for SMEs in the UAE

Abu Dhabi, UAE – 24 October 2024 – Magnati, a leading payment solutions provider in the Middle East, has partnered with Ajman Bank to launch an embedded finance solution aimed at supporting the growth of SMEs. This collaboration will provide seamless access to Shari’ah-compliant financial services, giving SME merchants the tools they need to scale their businesses and contribute to the UAE’s economic progress.

With this new offering, SME merchants can use real-time POS payment transaction data to gain access to a broad range of financing options from Ajman Bank. These include Shari’ah-compliant business financing, as well as invoice, equipment, receivables and POS financing. The platform is designed to meet the unique financial needs of SMEs in a fast and efficient manner, while aligning with Shari’ah principles.

The collaboration between Ajman Bank and Magnati underscores a shared vision of financial inclusion to enable SMEs in the UAE to succeed and contribute to the growth of UAE’s economy.

Commenting on the partnership, Mustafa Al Khalfawi, CEO of Ajman Bank, said: “At Ajman Bank, we are dedicated to supporting the UAE’s SME sector. This partnership with Magnati exemplifies our commitment to providing innovative, Shari’ah-compliant financial solutions that enable SMEs to thrive and contribute to the UAE’s prosperity. By streamlining access to finance, we are giving businesses the tools they need to succeed in today’s competitive landscape.”

Ramana Kumar, CEO at Magnati, commented: “We are excited to partner with Ajman Bank, a financial institution that is integral to the Emirate’s economic progress. By integrating Ajman Bank’s Shari’ah-compliant financial solutions with our platform, we are enabling SMEs to access essential financial resources easily and enhancing their contribution to UAE’s economy.”

This partnership simplifies the application process for SMEs using Magnati’s payment solutions. This also enables faster approvals and a more personalized and enhanced customer experience. EMI repayments are automatically deducted from daily payouts, improving cash flow management and providing businesses with financial stability.

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Queen Elizabeth 2 Unveils a Magical Festive Season with Exclusive Early Bird Offers

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Queen Elizabeth 2 Unveils a Magical Festive Season with Exclusive Early Bird Offers

The Festive Season is just around the corner, and the iconic Queen Elizabeth 2 is all set to dazzle with an extraordinary line-up of festivities. Awaiting guests is a calendar full of exciting activities, from the grand Festive Tree Lighting to the traditional Festive Afternoon Tea, a sumptuous Christmas Day Lunch, and the spectacular New Year’s Eve Gala Dinner. For those looking to host a more exclusive or larger gathering of family, friends, or business associates, festive private events are bookable from October 2024 through January 2025.

To mark this joyous season, guests booking early for the Christmas Day Lunch, New Year’s Eve Gala Dinner, and festive private events can take advantage of a 10% Early Bird discount aboard the legendary Queen Elizabeth 2, ensuring the most magical time of the year.

Ferghal Purcell, General Manager of Queen Elizabeth 2, said: “As we prepare for the upcoming festive season, the Queen Elizabeth 2 continues its tradition of delivering exceptional and memorable experiences for our guests. Our Early Bird offer gives families and groups the opportunity to secure their celebrations in advance and enjoy a stress-free festive season with their loved ones, filled with unique moments in unparalleled surroundings.”

FESTIVE TREE LIGHTING

THE PAVILION

FRIDAY, DECEMBER 6TH, 2024

ARRIVAL FROM 4:00 PM

TREE LIGHTING EVENT STARTS AT 5 PM

Experience the wonder of the grand Festive Tree Lighting Ceremony aboard the iconic Queen Elizabeth 2, a spectacular start to the holiday season. Gather with loved ones around the glowing Christmas Tree for a magical evening of Christmas carols, festive cheer and a special surprise for little ones by Santa Claus.

FESTIVE TREE LIGHTING

AED 50 per person

AED 30 per child (ages 6 to 12)

Includes mulled wine or mint hot chocolate throughout the event,

along with a festive goodie bag for each family.

FESTIVE TREE LIGHTING &

THEMED FESTIVE BUFFET DINNER AT LIDO RESTAURANT

AED 195 per person

*Group package available.

Children below 5 years old enter complimentary

All our prices are in AED inclusive of 5% VAT, 7% municipality fee and 10% service charge.

For more details and bookings, please contact our team on

Phone: +971 4 526 8835

Email: dining.qe2@accor.com

www.qe2.com

FESTIVE AFTERNOON TEA

QUEENS GRILL – FRIDAYS & SATURDAYS, FROM 3:00 PM TO 6:30 PM.

A traditional Afternoon Tea accompanied by delightful assortment of Christmas treats, a glass of mulled wine or mint hot chocolate in the elegant atmosphere of the Queens Grill, makes

for a memorable occasion. Choose between Cunard afternoon tea, featuring cold canapés

and pastries, and Britannia afternoon tea, featuring hot and cold canapés and pastries.

Cunard Package AED 175 per person

Britannia Package AED 225 per person

Guests must be 8 years old and above to enjoy the Afternoon Tea.

All our prices are in AED inclusive of 5% VAT, 7% municipality fee and 10% service charge.

For more details and bookings, please contact our team on

Phone: +971 4 526 8835

 Email: dining.qe2@accor.com

www.qe2.com

CHRISTMAS DAY LUNCH @ QUEENS ROOM

WEDNESDAY, DECEMBER 25TH, 2024

FROM 12:30 PM TO 4:00 PM

Make your Christmas Day celebrations memorable with a lavish festive feast at the Queens Room. Indulge with your family and friends in a gourmet delight. Savour a wide variety of classic and international favourites ranging from roast turkey with traditional chestnut stuffing, cranberry sauce and brussels sprouts to multiple choices of seafood and meat carving stations. The magical atmosphere, enhanced by live music by duo band and a special visit from Santa to meet and greet families, creates the perfect setting for a joyous celebration.

AED 295 per person

Inclusive of your choice of water, soft drinks and a selection of juices

AED 495 per person

Inclusive of alcoholic house beverages

AED 95 per child (6 to 11 years old)

Children below 5 years old dine complimentary

*Enjoy 10% Early Bird discount. | Offer valid until 10 Dec 2024!

All our prices are in AED inclusive of 5% VAT, 7% municipality fee and 10% service charge.

For more details and bookings, please contact our team on

Phone: +971 4 526 8835, Email: dining.qe2@accor.com

www.qe2.com

NEW YEAR’S EVE GALA DINNER @ THE QUEENS ROOM

TUESDAY,  DECEMBER 31ST, FROM 8:00 PM – 2:00 AM

Ring in the New Year with an extravagant Gala Buffet Dinner at the iconic Queens Room, featuring a marvellous selection of seafood, carving stations, and decadent desserts. Party into the night with live entertainment by a trio band, who will ensure you dance the night away. At midnight, we will make our way to the private deck of The Yacht Club, exclusively reserved for our Queens Room guests, to enjoy a glass of sparkling wine as Dubai’s spectacular fireworks light up the night sky.

AED 575 per person

Inclusive of your choice of water, soft drinks and a selection of juices

AED 775 per person

Inclusive of alcoholic house beverages

AED 250 per child

Applicable to 8 to 12 years old

*Enjoy 10% Early Bird discount. | Offer valid until 10 Dec 2024!

Guests must be 8 years old and above to enjoy the Gala Dinner at the Queens Room.

All our prices are in AED inclusive of 5% VAT, 7% municipality fee and 10% service charge.

For more details and bookings, please contact our team on

Phone: +971 4 526 8835

Email: dining.qe2@accor.com

www.qe2.com

FESTIVE PRIVATE EVENTS

BOOKABLE FROM OCTOBER 2024 TO JANUARY 2025

Transform your festive celebrations into unforgettable moments with a bespoke private event aboard the majestic Queen Elizabeth 2 Hotel. Let us craft an extraordinary celebration for your loved ones as you revel in the unique charm and magical surroundings of the legendary QE2, creating memories that last a lifetime.

Starting price: AED 299 per person

*Enjoy 15% Early Bird discount. | Offer valid until 30th november 2024!

For more details, please contact our events team on

Events.qe2@accor.com

All our prices are in AED inclusive of 5% vat, 7% municipality fee and 10% service charge.

Terms & conditions apply.

JOYFUL FESTIVE SHOWS

AT THE THEATRE BY QE2

Join us for a magical festive experience this holiday season at the Theatre by QE2! Enjoy a dazzling lineup of shows that will bring joy and cheer to audiences of all ages. From heartwarming performances to spectacular displays of talent, our festive shows promise unforgettable entertainment.

For more details and show timings, visit www.theatrebyqe2.com

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Ajman Bank delivers all time highest record 9M’24 Profit before Tax of AED 313 million with an increase of 458%

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Ajman Bank delivers all time highest record 9M’24 Profit before Tax of AED 313 million with an increase of 458%

His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Board of Ajman Bank, chaired the bank’s board meeting, and attended by Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department of Ajman and Vice Chairman of the Bank’s Board.

During the meeting held at the bank’s headquarters, the board discussed several financial and administrative matters, reviewed routine business activities, and issued its decisions accordingly.

Ajman Bank delivers all time highest record 9M’24 “Profit before Tax” of AED 313 million compared to net loss of AED 87 million in 9M’23 and 9M’24. This strong performance is on the back of a 9% increase in total operating income to AED 1.2 billion (vs AED 1.1 billion in the corresponding period of 2023), and net operating income of AED 616 million. For 9M 2024 the Return on shareholder Equity (annualized) and Return on Asset (annualized) were reported, at 12.8% (up by 1,669 bps) and 1.6% (up by 205 bps) respectively.

The strong results are supported by a healthy balance sheet with Total Assets of AED 24.4 billion, Customer deposits of AED 20.3 billion and AED 3.0 billion of Equity. Capital position and Asset quality continue to show strong improvement from the previous year as well as on a quarter-by-quarter basis. 

His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of Ajman Bank, said, “Ajman Bank’s remarkable Q3 performance is testament to the success of our strategic initiatives and the resilience of the UAE’s economic landscape. Our continued growth reflects our commitment to fostering economic development in Ajman and across the UAE, while maintaining our dedication to serving stakeholders with integrity and excellence. I would like to express my deepest gratitude to the Board of Directors, senior management, and all our employees for their exceptional hard work and unwavering support, which have been instrumental in driving our success.”

Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, stated, “Our performance in Q3 2024 reflects Ajman Bank’s disciplined approach to growth, operational efficiency, and value creation. The consistent rise in operating income, profitability, and asset quality as well as reducing operating expenses by 6% is a direct result of our focus on Speed, Service, and Specialization, along with our unwavering commitment to innovation and customer-centric solutions, and focusing on remediating the distressed assets, resulting in strong recoveries. This success would not have been possible without the dedication and hard work of our entire team, whose efforts continue to drive our achievements. As we move forward, we remain committed to building long-term value for our shareholders, while reinforcing our position as a key player in the UAE’s Islamic banking sector. Our strategic initiatives will continue to prioritize sustainable growth, driven by advanced financial services that meet the evolving needs of our customers.”

Following on from its strong performance Ajman Bank’s Capital adequacy ratio increased to 19.5% (up by 389 bps) and Tier 1 Capital Ratio increased to 18.4% (up by 389 bps), and which remain well above regulatory requirements. Advance to stable resources ratio of 75.6%, and eligible liquid asset ratio of 24.2%, underline its solid liquidity and along with the capital position provide a strong foundation for continued growth. Ajman Bank’s non-performing financing ratio improved to 10.6% in Q3 2024 (from 13.8% 2023 year-end), supported by remediation of over 28% of non-performing exposure.

Strong and further improving financial standing, continued impetus in its transformation strategy and a robust UAE economy should ensure that the bank is well-positioned to sustain its growth trajectory and deliver consistent profitability for FY 2024 and beyond.

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Ambassador Faisal Niaz Tirmizi Meets HE. Dr. Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation, UAE

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Ambassador Faisal Niaz Tirmizi Meets HE. Dr. Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation, UAE

Ambassador Faisal Niaz Tirmizi met HE. Dr. Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation

Ambassador Faisal Niaz Tirmizi, Pakistan’s Envoy to United Arab Emirates held a meeting with HE. Dr. Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation at the Ministry of Human Resources and Emiratisation (MOHRE) in Dubai.

Ambassador Tirmizi conveyed regards and gratitude on behalf of Federal Minister for Overseas Pakistanis and Human Resource Development, Chaudhry Salik Hussain to HE. Dr. Abdulrahman Abdulmannan Al Awar.

The meeting focussed on issues of mutual interests especially those pertaining to Pakistani diaspora working in multiple sectors in UAE. Ambassador Tirmizi lauded and thanked the leadership of UAE for reposing great trust in Pakistan as a brotherly and friendly country. He appreciated the government and people of UAE for hosting about 1.7 million Pakistanis who are supporting their families and country by sending remittances back home.

Both sides underlined the significant role played by Pakistanis in the development of UAE and the tremendous potential and opportunities for further enhancing bilateral cooperation in various fields. In view to facilitate Pakistanis seeking jobs in UAE, the meeting focussed on enhancing mutual collaboration aiming efficiency in visas processing, screening, documents attestation, etc.

Minister of Human Resources and Emiratisation offered all possible assistance in streamlining the visas aligned services, especially sharing the best technological practices minimizing human interactions and ensuring transparency. He said that Pakistanis will continue to play their role in the progress of UAE and both sides will work together to mitigate the challenges, if any.

Ambassador Tirmizi also discussed health insurance for Pakistani workers, and it was agreed that both sides will work closely to address related issues and encourage workers to opt for health insurance schemes.

The meeting was also attended by senior officials from both sides.

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Pakistan Night: A Special Networking Event at Pakistan Association Dubai during GITEX Global 2024

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Pakistan Night: A Special Networking Event at Pakistan Association Dubai during GITEX Global 2024

A special networking event, “Pakistan Night,” was held at Pakistan Association Dubai as part of the GITEX Global 2024 activities.

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