Tag Archives: entertainment
The Treedom Group Showcases Latest Line Of ‘Dar al Oud’ Products At Dubai’s Global Village
Dr. Andrew Steel, Treedom Group’s Chief Executive Officer (CEO). Company’s participation at ME region’s largest seasonal theme park complements industry forecasts that UAE’s fragrance market to grow by AED1.13 billion in 2017 October 08, 2013: The Treedom Group a leading luxury aromatic oud oil manufacturer and supplier to the global fragrance and perfume market that produces high-grade oud oil focusing on having the competitive advantage of controlling a value chain from seedling to end products, is set to showcase its latest line of ‘Dar al Oud’ fragrances, the company’s prestigious premium brand of products that have been made from 100 per cent oud oil, at this year’s run of Dubai’s Global Village, the largest seasonal cultural shopping and entertainment theme park in the Middle East region. Participating for the first time, the company will also be throwing the spotlight on its unique range of Oud Oils, Oud Perfume, Oud Mist Body Spray, Oud Perfume Balm and Oud Soap Bar, at its stall, booth No. 122, which will be located at the Thailand Pavilion. Treedom’s participation complements recent industry forecasts showing that the UAE’s fragrance market is expected to reach AED 1.13 billion over the next five years. According to a recent report from Euromonitor International, a leading business research and intelligence firm, the country has demonstrated a continuing increase in consumption of fragrances. In fact, the report further predicts an increased per capita spending on fragrances–reaching AED 128 per capita spend in 2017, which is 90 per cent more of the expected per capita spend in the US over the same period. In line with the forecast, Chief Executive Officer of the Treedom Group is confident that the Middle East region in general and the UAE in particular, will offer the company strategic opportunities. Maintaining a key presence at a regional consumer fair like Global Village will allow the company to utilise Dubai as a gateway and merchandising hub to access various kinds of customers and distributers from all over the region. The company has also revealed plans to set up a regional office in Dubai in order to be able to keep up with the demands of the local market. “We are excited to be participating at this year’s edition of Dubai’s Global Village. Our presence will give us the strategic opportunity to leverage our latest ‘Dar al Oud’ products while at the same time meet new customers and discover what kind of scents they prefer,” Dr. Andrew Steel, CEO, the Treedom Group. “The UAE’s fragrance market is booming and vibrant, with analysts saying growth will be continuous over the next five years. One niche market that we are confident to capture is the demand for oud products–from oils to its unique scent. Our products, particularly the ‘Dar al Oud’ line, have been produced utilising 100 per cent extracts from the valuable Agarwood trees, which come from our sustainably managed plantations in Thailand combined with the latest distillation technology according to our strict quality standards.” Dubai’s Global Village is open from October 5, 2013 and will run until March 1, 2014. Park organizers have already announced an amazing array of festivals, concerts, exhibitions and other fun filled activities for this year’s edition of Global Village. -Ends- About The Treedom Group The Treedom Group is composed of both commercial and charity entities guided with the chief objective of being the number one deliverer of socially responsible and sustainable forestry related projects and products in Asia. The group offers expertise in forestry consultancy, plantation management, forestry product sales, forestry asset management and environmental welfare through forest restoration projects. The group is recognised as one of Southeast Asia’s leading plantation management companies The plantations are solely populated by the Agarwood tree which is the source of the luxury aromatic oil – Oud. Distributed by PR Communigate On behalf of the Treedom Group For more information, please contact: Sarunya Hansarikit PR Executive Sarunya.h@treedom.com www.treedom.com , www.daraloud.com © Press Release 2013 Continue reading
UAE, UK to fight organised crime
UAE, UK to fight organised crime Sudeshna Sarkar (sudeshna@khaleejtimes.com) / 8 October 2013 With around 6,000 criminal groups — which add up to 38,000 organised criminals — targeting the UK, from home soil as well as overseas, security agencies need more teeth to protect the islands. A shot in the arm came on Monday with the launch of a new organisation that will work with UAE law enforcement agencies to tackle some of the world’s toughest and most organised criminals. The National Crime Agency (NCA), accountable to British Home Secretary Theresa May and to be headed by a chief constable, will be staffed with more than 4,000 specialist crime fighters fanned over 40 global locations. Its reach will stretch across 150 countries. The NCA will work with UAE partner agencies and organisations to tackle drugs trafficking, child sexual exploitation, human trafficking, immigration crime and cyber crime. Since the UAE is a major financial centre, the two sides will also jointly fight money laundering and the investment of criminal assets. UAE partners and the NCA will pool in intelligence on joint threats and targets. If required, they will also intercept people, property and money moving to and from the UK. Dominic Jermey, the British Ambassador to the UAE, said the bilateral cooperation between the UK and the UAE covers an enormous range, including tackling organised crime. “The NCA will allow law enforcement agencies in both countries to join hands and use their shared expertise to track down the perpetrators of serious crimes and bring them to justice,” he said. The UK already has officers from its Serious Organised Crime Agency, Revenue and Customs, and Counter Terrorism and Extremism actively based in the UAE, working together with local UAE contacts and agencies. Their actions involve identifying and targeting major British criminals involved in organised/fiscal crime harming the UK and related assets. These officers have been holding regular operational meetings with police and immigration in Abu Dhabi and Dubai to discuss trends and agree on responses. May said the NCA was born of the realisation that organised crime was one of the greatest threats to national security. Every year it costs the UK between £20 billion and £40 billion per year, She said the impact is felt every single day: “The drug dealing on street corners; the burglary and muggings by addicts; the trafficking of vulnerable young women into prostitution; the card cloning and credit card fraud that robs so many.” The NCA, she added, will transform the authorities’ response. Continue reading
Why the rich are eyeing Dubai real estate
Why the rich are eyeing Dubai real estate Issac John (issacjohn@khaleejtimes.com) / 8 October 2013 Dubai has replaced Singapore to claim the second rank behind London as the most sought-after global real estate investment destination for the world’s high networth individuals (HNWI), a survey revealed. The security and lifestyle that Dubai offers top the list of attractions for investors, while capital value growth and the emirate’s perceived safe haven status top the list of factors influencing the HNWI investments into Dubai, Cluttons, the global real estate company, observed. The observation was based on the findings of Cluttons International Private Capital Survey of nine of its global offices, which represent the 461 HNWIs. Last year’s results suggested that global HNWI would seek out investment locations closer to home markets as the world economy began its journey back towards a meaningful recovery. Cluttons has seen this come through in the results of this year’s survey, with Dubai in particular rising sharply in the minds of the region’s HNWI. According to the survey, those from the Middle East now prefer Dubai to London, with Cluttons’ offices in Manama and Muscat reporting capital value growth, the emirate’s perceived status as a safe haven and relatively high yielding residential property as the top three pull factors influencing the HNWI. Among Dubai’s top three factors drawing the attention of the HNWI, the lifestyle on offer in Dubai through the ownership of a second home and the security offered through real estate investments in the Gulf city rank behind the emirate’s lure as a place to expand investment portfolios. The study considers the drivers of these investors’ intentions as an indicator of future trends in international capital allocation, both geographically and at a sector level. “It was unsurprising to see Dubai re-emerge as the region’s top investment pick given the current economic resurgence; however we expect the IMF estimate to be bettered, particularly as Dubai’s real estate sector continues to recover, adding further momentum to overall growth,” said Steven Morgan, Head of Cluttons Middle East. Dubai, capitalising on its pillars of strength of trade, tourism and financial services, is once more drawing in the region’s wealth, which is honing in on Dubai’s bricks and mortar, said Cluttons. “The resulting impact on the residential market has been a 30.6 per cent surge in average capital values, aided also in part by cheaper debt financing and those looking to avoid escalating rents.” The survey identified an upturn in cross border investment amongst HNWI, consistent with broader trends in international capital flows. According to the United Nations Conference on Trade and Development (UNCTAD) forecast foreign direct investment (FDI) levels in 2013 would be in the region of $1.45 trillion, which, if achieved, would be comparable to the average level of global FDI flows achieved between 2005 and 2007. “There is a global reach for the planned investments, with London, Dubai and Singapore noted as the top three ranked HNWI targets in our offices. London received the most consistent mention in terms of investment plans; however there was a notable increase in the level of interest in Dubai compared to that reported last year. As a result of this, Singapore was edged into third place, although there have been no fundamental changes to the city-state’s overall HNWI appeal,” Cluttons said. The report said an improved global economic outlook is translating into a greater level of investment activity by HNWI closer to their home markets. “This is illustrated by the rise of Dubai among favoured investment destinations, particularly by HNWI investors from Manama and Muscat, following a widespread exodus as a result of the property market correction in 2009.” Cluttons expects to see this trend gain further traction over the course of the next 12 months across the Middle East and Asia Pacific, as HNWI investors pay greater attention to local investment destinations, in line with improved economic prospects in the emerging markets in particular. This is aided by the rising appetite for risk in investment decision-making, expected to continue over the next year, it said. Continue reading
