Latest news with #MENAT
Globe and Mail
17 minutes ago
- Business
- Globe and Mail
Joyalukkas Secures Landmark AED 500 Million Working Capital Deal with Emirates NBD to Fuel Global Expansion
Dubai, United Arab Emirates--(Newsfile Corp. - July 31, 2025) - Joyalukkas, one of the world's largest jewellery retailers, has announced a landmark AED 500 million working capital facility provision through Emirates NBD, a leading banking group in the MENAT region. This milestone agreement supports Joyalukkas' long-term expansion plans across the GCC and key international markets including the UK, USA, Canada, and Australia. Structured to provide Joyalukkas with seamless and flexible access to capital, the bespoke deal highlights the retailer's pioneering approach to global retail growth and underscores its longstanding relationship with Emirates NBD. The facility offers working capital on a revolving basis, enabling Joyalukkas to draw and repay funds as needed, thereby enhancing cost-efficiency and operational control. Since 1987, Joyalukkas Jewellery has brought together artistry and precise design across 13 countries and over 10 million customers and continues to strengthen its footprint across the globe, the AED 500 million facility ensures timely access to inventory financing and liquidity to support peak trading periods and supplier commitments. The deal is fully integrated with Emirates NBD's advanced digital and trade platforms, offering Joyalukkas real-time visibility and convenience across its financial operations. The agreement also signifies a deepening of the trust and strategic alignment between Joyalukkas and Emirates NBD. It reflects the jeweller's disciplined and forward-looking business model and further empowers its status as a global force in organized jewellery retail. Joy Alukkas, Chairman of Joyalukkas Group, commented: "This facility marks a significant milestone in our journey to expand Joyalukkas into key international markets including the UK, USA, Canada, and Australia. Emirates NBD has been a trusted partner who understands the scale, ambition and discipline behind our global retail strategy. Structured with flexibility and foresight, this deal sets a new benchmark in the jewellery industry and reflects our pioneering approach to organized retailing. I sincerely thank the Emirates NBD team for their continued support and belief in our vision." Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: "The provision of this working capital facility for Joyalukkas shows Emirates NBD's agility and capability to develop sector-specific transactions that cater to the exact needs of our expansive and diverse ecosystem of clients. Designed to meet Joyalukkas' strategic requirements, the deal emphasizes how Emirates NBD can deliver bespoke, digital-first, and customized credit solutions that empower leading companies and support both theirs, and the UAE's, economic growth. As a value-added product, this AED 500 million facility will help to provide the long-term support Joyalukkas needs to drive ahead with its international expansion plans, empowered by swift access to a framework of carefully structured and flexible capital." With this facility, Joyalukkas is well-positioned to continue growing and setting global standards in jewellery retailing, backed by a robust and responsive financial framework from Emirates NBD. Joy Alukkas and Emirates NBD Announce Strategic Partnership Anith Daniel - Group Head of Transactional Banking Services, Jaime Jos - Senior Relationship Manager, Corporate and Institutional Banking Group, Commodities- Precious metals and Diamonds, Ahmed Al Qassim - Group Head, Wholesale Banking Group, Dr. Joy Alukkas - Chairman of Joyalukkas Group, John Paul Alukkas - Managing Director of Joyalukkas International Operations and Thomas Scaria - General Manager Finance, Joyalukkas International Operations.
Yahoo
an hour ago
- Business
- Yahoo
Joyalukkas Secures Landmark AED 500 Million Working Capital Deal with Emirates NBD to Fuel Global Expansion
Dubai, United Arab Emirates--(Newsfile Corp. - July 31, 2025) - Joyalukkas, one of the world's largest jewellery retailers, has announced a landmark AED 500 million working capital facility provision through Emirates NBD, a leading banking group in the MENAT region. This milestone agreement supports Joyalukkas' long-term expansion plans across the GCC and key international markets including the UK, USA, Canada, and Australia. Structured to provide Joyalukkas with seamless and flexible access to capital, the bespoke deal highlights the retailer's pioneering approach to global retail growth and underscores its longstanding relationship with Emirates NBD. The facility offers working capital on a revolving basis, enabling Joyalukkas to draw and repay funds as needed, thereby enhancing cost-efficiency and operational control. Since 1987, Joyalukkas Jewellery has brought together artistry and precise design across 13 countries and over 10 million customers and continues to strengthen its footprint across the globe, the AED 500 million facility ensures timely access to inventory financing and liquidity to support peak trading periods and supplier commitments. The deal is fully integrated with Emirates NBD's advanced digital and trade platforms, offering Joyalukkas real-time visibility and convenience across its financial operations. The agreement also signifies a deepening of the trust and strategic alignment between Joyalukkas and Emirates NBD. It reflects the jeweller's disciplined and forward-looking business model and further empowers its status as a global force in organized jewellery retail. Joy Alukkas, Chairman of Joyalukkas Group, commented: "This facility marks a significant milestone in our journey to expand Joyalukkas into key international markets including the UK, USA, Canada, and Australia. Emirates NBD has been a trusted partner who understands the scale, ambition and discipline behind our global retail strategy. Structured with flexibility and foresight, this deal sets a new benchmark in the jewellery industry and reflects our pioneering approach to organized retailing. I sincerely thank the Emirates NBD team for their continued support and belief in our vision." Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: "The provision of this working capital facility for Joyalukkas shows Emirates NBD's agility and capability to develop sector-specific transactions that cater to the exact needs of our expansive and diverse ecosystem of clients. Designed to meet Joyalukkas' strategic requirements, the deal emphasizes how Emirates NBD can deliver bespoke, digital-first, and customized credit solutions that empower leading companies and support both theirs, and the UAE's, economic growth. As a value-added product, this AED 500 million facility will help to provide the long-term support Joyalukkas needs to drive ahead with its international expansion plans, empowered by swift access to a framework of carefully structured and flexible capital." With this facility, Joyalukkas is well-positioned to continue growing and setting global standards in jewellery retailing, backed by a robust and responsive financial framework from Emirates NBD. Joy Alukkas and Emirates NBD Announce Strategic Partnership Anith Daniel - Group Head of Transactional Banking Services, Jaime Jos - Senior Relationship Manager, Corporate and Institutional Banking Group, Commodities- Precious metals and Diamonds, Ahmed Al Qassim - Group Head, Wholesale Banking Group, Dr. Joy Alukkas - Chairman of Joyalukkas Group, John Paul Alukkas - Managing Director of Joyalukkas International Operations and Thomas Scaria - General Manager Finance, Joyalukkas International Operations. Contact: Reghu care@ 0091 080 25127900b2bindia@ Dubai To view the source version of this press release, please visit
Zawya
a day ago
- Business
- Zawya
Joyalukkas secures landmark AED 500mln working capital deal with Emirates NBD to fuel global expansion
DUBAI: Joyalukkas, one of the world's largest jewellery retailers, has announced a landmark AED 500 million working capital facility provision through Emirates NBD, a leading banking group in the MENAT region. This milestone agreement supports Joyalukkas' long-term expansion plans across the GCC and key international markets including the UK, USA, Canada, and Australia. Structured to provide Joyalukkas with seamless and flexible access to capital, the bespoke deal highlights the retailer's pioneering approach to global retail growth and underscores its longstanding relationship with Emirates NBD. The facility offers working capital on a revolving basis, enabling Joyalukkas to draw and repay funds as needed, thereby enhancing cost-efficiency and operational control. Since 1987, Joyalukkas Jewellery has brought together artistry and precise design across 13 countries and over 10 million customers and continues to strengthen its footprint across the globe, the AED 500 million facility ensures timely access to inventory financing and liquidity to support peak trading periods and supplier commitments. The deal is fully integrated with Emirates NBD's advanced digital and trade platforms, offering Joyalukkas real-time visibility and convenience across its financial operations. The agreement also signifies a deepening of the trust and strategic alignment between Joyalukkas and Emirates NBD. It reflects the jeweller's disciplined and forward-looking business model and further empowers its status as a global force in organized jewellery retail. Joy Alukkas, Chairman of Joyalukkas Group, commented: 'This facility marks a significant milestone in our journey to expand Joyalukkas into key international markets including the UK, USA, Canada, and Australia. Emirates NBD has been a trusted partner who understands the scale, ambition and discipline behind our global retail strategy. Structured with flexibility and foresight, this deal sets a new benchmark in the jewellery industry and reflects our pioneering approach to organized retailing. I sincerely thank the Emirates NBD team for their continued support and belief in our vision.' Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: 'The provision of this working capital facility for Joyalukkas shows Emirates NBD's agility and capability to develop sector-specific transactions that cater to the exact needs of our expansive and diverse ecosystem of clients. Designed to meet Joyalukkas' strategic requirements, the deal emphasizes how Emirates NBD can deliver bespoke, digital-first, and customized credit solutions that empower leading companies and support both theirs, and the UAE's, economic growth. As a value-added product, this AED 500 million facility will help to provide the long-term support Joyalukkas needs to drive ahead with its international expansion plans, empowered by swift access to a framework of carefully structured and flexible capital.' With this facility, Joyalukkas is well-positioned to continue growing and setting global standards in jewellery retailing, backed by a robust and responsive financial framework from Emirates NBD.
Campaign ME
2 days ago
- Business
- Campaign ME
MiQ appoints Aladdin Abukhalaf as VP of Revenue and Growth
MiQ, a global leader in programmatic media, has appointed Aladdin Abukhalaf as Vice President of Revenue and Growth in the MENAT region. Abukhalaf has more than 15 years of experience, spanning the media and adtech industries, ranging from local markets to regional leadership – and, in his new role, now a global presence. He brings a wealth of expertise in driving commercial growth and spearheading market expansion, having spent more than a decade at Nabd, where he established the platform's commercial and business development functions across Saudi Arabia, the UAE, Egypt, Kuwait and Jordan. In his new remit at MiQ, Abukhalaf will be responsible for leading the company's commercial expansion in the MENAT region. His role includes driving revenue across media agency holding groups and brand-side marketers while also expanding multi-channel adoption. Reporting to Wassim Mneimneh, Managing Director, MiQ MENAT, Abukhalaf will also be charged with building a scalable go-to-market structure, cultivating strategic partnerships and cementing MiQ's position as a trusted programmatic media partner in the region. 'What excites me most is the opportunity to build,' Aladdin Abukhalaf, Vice President of Revenue and Growth, MiQ MENAT, said. 'MiQ has the global DNA, the tech stack and the people. Now, it's about shaping a tailored, agile presence in MENAT.' Abukhalaf added, 'I'm thrilled to be joining a global team where I can collaborate with teams across the globe, from the UK and US to China and Australia, while staying laser-focused on execution in our local markets.' His appointment is part of the company's commitment to double down on programmatic excellence for agencies and brands in MENAT. Commenting on the appointment, Mneimneh said, 'We're thrilled to welcome an experienced leader like Aladdin to MiQ. His deep market knowledge and proven track record in driving both team and client success makes him a perfect fit to lead our next chapter in MENAT.' He added, 'With the launch of our AI-powered platform, MiQ Sigma, we now have both the technology and the talent to fast-track our ambitions and solidify our position as the leading programmatic partner in the region.'
Al Bawaba
24-07-2025
- Business
- Al Bawaba
Dubai Land Department, Emirates NBD Forge Strategic Partnership to Advance Real Estate Ecosystem and Deliver Innovative Customer Financial Solutions
Dubai Land Department has signed a memorandum of cooperation with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, to establish a joint framework for conducting regulatory and technical studies. The partnership aims to develop streamlined mechanisms for real estate transaction registration and enhance the efficiency of the broader real estate ecosystem. It will focus on delivering innovative financial solutions that prioritise customer experience and support investors throughout their property this partnership, both parties will collaborate on two forward-looking studies addressing procedural, and regulatory aspects. The first study will focus on optimising the registration process for real estate transactions concluded outside the UAE, while the second will focus on offering financial services that simplify the registration of real estate sales transactions. This strategic collaboration supports Dubai's efforts to attract international investors by enhancing trust, simplifying processes, and reinforcing confidence in the emirate's dynamic real estate Excellency Omar Hamad BuShehab, Director General of Dubai Land Department, said:'We are continuously working to develop innovative solutions that place the customer at the centre of the real estate ecosystem and contribute to enhancing operational efficiency and market transparency. This partnership marks a significant step toward establishing a shared knowledge base that opens up new horizons for advancing real estate registration services, thereby further strengthening Dubai's position as a global destination for real estate investment. These efforts also align with the objectives of the Dubai Real Estate Strategy 2033, which aims to build a resilient, competitive, and innovation-driven sector that reflects the emirate's status as a global leader in real estate.'Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD, said: "This partnership with Dubai Land Department represents a significant milestone in our commitment to innovation and delivering customer-focused solutions. Integrated offerings under this collaboration will help enhance the property transaction experience while building greater confidence among market participants, including investors, ensuring Dubai maintains its leadership position in the global real estate sector."This collaboration reflects Dubai's comprehensive development vision under its D33 Economic Agenda, which aims to position the emirate among the world's top three economic cities. It also aligns with a broader direction to enhance the real estate market's readiness to attract high-quality investments by providing a supportive regulatory environment that promotes sustainable growth and elevates the investor experience both locally and internationally. The partnership serves as an effective model of integration between government entities and financial institutions, supporting Dubai's efforts to build a real estate ecosystem capable of adapting to future shifts in the business environment and driving further progress in digital transformation and service excellence.
