RWI Anticipates High Demand For Rubber Products Amidst Construction Of 640 Projects In UAE

Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation ’Gulf-O-flex’ in the Gulf and South-East Asia, and part of the international business conglomerate, the Memon Group of Companies, is anticipating high demand for rubber insulation products, amidst the ongoing construction of a total of 640 development projects in the UAE, according to REIDIN.com. In line with this, the company is strengthening its efforts to achieve its goal of producing 1,800 containers per year – 600 containers more than its present capacity – to sufficiently address the Emirate’s need for rubber insulation products.

RWI maintains a positive outlook on the rubber insulation market in the UAE, given the projected increase in the number of completed construction projects, which is slated to reach 205 by the end of the first half of 2009. The company also revealed that its products have been used in some of the 135 projects, which were completed in the first quarter of 2009. As the leading source of high quality rubber insulation products across the country and the region, RWI has been involved with the construction of highly prestigious projects such as ‘The Villa’, ‘Motor City’, ‘Traders Hotel’, ‘Horizon Tower’ and ‘Green Community West Villas and Apartments’.

“The UAE construction market has exhibited its resilience in the midst of the economic crisis with a projected completion of over 200 developments merely six months into 2009, and thereby dramatically surpassing the record set in 2008,” said Abu Baker Shaikhani, Managing Director, Rubber World Industries, and Chairman of the Memon Group. “The strength exhibited by the market continues to inspire and motivate us to innovate and develop our current product portfolio, and we are looking forward to delivering our leading-edge and environment-friendly products to more projects in the UAE.”

RWI has delivered high quality products to major property developments by real estate leaders in the UAE. As the only producer of rubber insulation in the Middle East region, the company is the premier source of a versatile range of rubber insulation products that meet the requirements in the oil and gas fields, construction, shipping and automobile industries. The company delivers its products to more than 90 countries, including the US, Germany, Russia, Canada and Singapore.

Dubai Islamic Bank Offers Auto Finance At Profit Rates Starting From 4.50 Per Cent

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced that it is offering auto finance at profit rates starting from just 4.50 per cent p.a. Al Islami Auto Finance is available for up to 72 months, with a minimum monthly salary requirement of AED 3,000. No down payment or salary transfer is required to avail of this offer, which covers both new and pre-owned vehicles.

This attractive financing demonstrates the bank’s generally positive outlook as well as its strong liquidity position, and is in line with its expansion plans announced earlier this year. By the end of this year, DIB will open 10 new branches, expanding its nationwide network to 64 branches, further strengthening its presence across the UAE, while also offering an overall enhanced customer experience.

“As the provider of auto finance for one in every three cars financed in the UAE, Al Islami Auto Finance has long been the leading solution of choice for consumers here,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, DIB. “In today’s highly competitive market, the bank has recognised the need for flexible auto finance options – which is why we are very pleased to announce this extremely attractive offer that provides a host of valuable benefits.”

DIB has the country’s largest team of qualified auto finance professionals, many of whom are available directly at dealer locations. The bank offers an unmatched range of Sharia-compliant auto financing solutions – along with value-added services such as insurance finance and service contract finance – at extremely competitive profit rates, catering to a broad cross-section of the UAE population.

Modhesh The Ambassador of Smiles Embarks on 4th Goodwill Tour Across The GCC

Modhesh, the sunny goodwill icon, has begun his fourth GCC tour –spreading his special brand of cheer to those unable to attend the exciting summer fiesta in Dubai. Modhesh is touring the region bearing gifts and goodie bags to children bringing his enduring cheery disposition, positive outlook and the amusing antics that make him so popular.“Modhesh is loved wherever he goes and children all across the GCC will be immensely excited to have him visit them. It is important to us at the Dubai Shopping Festival Office (DSFO) to contribute to the community and we take immense pleasure in Modhesh helping children as a universal ‘Ambassador of Smiles’ and we are sure he will brighten the lives of all the children he meets and warm their hearts with hope and happiness,” said Khulood Al Thani, Marketing Director of DSF Office.  The tour, now in its fourth year, is evidence of the importance that the Dubai Shopping Festival Office places on investing in the regional community according to their Corporate Social Responsibility strategy.So far, Modhesh’s whirlwind tour has included stops at the NBK Hospital in Kuwait and the Hope Institute for Special Education in Bahrain.  Next up is the Hamad Medical Corporation in Qatar as well as the Child Care Home in Oman, after which Modhesh will round off his GCC tour at the Help Center in Jeddah, Saudi Arabia. Al Thani added, “When Modhesh visits these hospitals and orphanages laden with gifts and his sunny persona, it is our hope that his cheery disposition will be reflected in the smiles on the faces of all the children he meets.”Once Modhesh wraps up his GCC tour, he will return to Dubai to spread his special brand of cheer to all Dubai residents and to welcome all visitors converging on the city for this year’s highly anticipated edition of Dubai Summer Surprises, celebrating its 12th edition this year.