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DUBAI CHAMBER OF COMMERCE INTRODUCE BUSINESS SECTORS PLATFORM TO BOOST EFFICIENCY AND IMPACT
As part of its efforts to provide value-added services to Business Groups and Business Councils, in a bid to enhance the emirate’s reputation as a global business and trade hub, Dubai Chamber of Commerce, one of the three Chambers operating under Dubai Chambers, has launched the Business Sectors Platform at a special event held at its headquarters today.
The launch saw attendance of more than 200 heads and members of Business Groups and Business Councils, led by His Excellency Faisal Juma Balhoul, Vice Chairman of Dubai Chambers, in the presence of Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers ...
FAISAL BELHOUL JOINS FORCES WITH IGAN PARTNERS TO LAUNCH $250MLN TO DRIVE MEDTECH INNOVATION IN MENA
iGan Partners, Canada's leading healthcare technology investors, has joined forces with Faisal Belhoul, a Dubai-based investments professional and entrepreneur, to launch a US$250 million iGan Arabia regional fund to drive MedTech innovation across the Middle East and North Africa (MENA) region.
iGan Arabia will focus on investing in AI/Cloud-enhanced medical devices and digital health technologies that will improve patient outcomes and reduce the cost of healthcare. The fund targets US$250 million through limited partnerships with an additional US$250 million in co-investments. This was announced during ...
DUBAI DIGITAL INVESTMENTS SEEKS IPO TO RAISE CASH FOR TECH DEALS
A new platform founded by entrepreneur Faisal Belhoul is planning an initial public offering in Dubai by the end of this year to invest in technology firms. Dubai Digital Investment Co. aims to raise 1 billion dirhams ($272 million) from the listing, Belhoul told Bloomberg in an interview.
“We’ve been granted permission by the local authorities to launch a greenfield investment company that focuses on the technology sector,” he said.
Belhoul, vice-chairman of the Dubai Chamber of Commerce & Industry, was previously involved in the IPO of Al Noor Hospitals Group in London in 2013 and the share sale of ...
VITRUVIANMD SECURES US$10,000 AS WINNER OF ARAB HEALTH’S INNOV8 COMPETITION
VitruvianMD has won this year’s Arab Health Innov8 competition and, with it, a cash prize of US$10,000, following an intensive week-long judging process that saw a total of 24 different companies pitch over the opening three days of Arab Health.
The judging panel included a renowned number of investors, entrepreneurs and medical experts; among them were H.E. Faisal Belhoul, Vice Chairman, Dubai Chambers of Commerce & Industry, Founder and Chairman, Ithmar Capital Partners; Triska Hamid, Editorial Director, Wamda; Hadi Saeed Alshakhori, Ecosystem Builder, of ...
SHARK TANK DUBAI: A NEW ERA OF ENTREPRENEURSHIP BEGINS ON DUBAI TV
The anticipation in the air is palpable as Dubai TV gears up to broadcast the globally acclaimed show, Shark Tank #Dubai, from the coming Thursday. The news, confirmed through a tweet, has not only intrigued the audience but has also drawn attention to significant figures - Faisal Belhoul and Amira Sajwani - whose names were tagged in the announcement, hinting at their potential involvement in the program.
Shark Tank, a renowned television format has, over the years, become a platform where entrepreneurs with innovative ideas, pitch to a panel of investors, or 'sharks'. These sharks, known for their astute business acumen, decide whether to invest in ...
DUBAI CHAMBER PRESENTS 54 COMPANIES WITH CSR LABEL IN H2-2021
Dubai Chamber of Commerce has presented 54 companies with the Dubai Chamber CSR Label for their outstanding CSR efforts in the second half of 2021.
In his welcome remarks, Faisal Belhoul, Vice Chairman of Dubai Chamber of Commerce congratulated all the awarded companies and praised their strong commitment and efforts to CSR and sustainability. He pointed out that last year, Dubai Chamber of Commerce received 109 applications, after launching new fully digitalized SMART Labels, offering companies a more convenient way to assess their CSR practices and gain recognition for their outstanding efforts ...
iGAN PARTNERS & UAE'S BELHOUL LAUNCH $250M MEDTECH INNOVATION FUND
Faisal Belhoul, a Dubai-based investments professional and entrepreneur launches a $250 million iGan Arabia regional fund in partnership with iGan Partners, a Canadian healthcare technology investors, according to a statement.
The first of its kind fund’s — as the statement claimed — main target is to drive MedTech innovation across the Middle East and North Africa region by improving patient outcomes and reducing healthcare cost through investing in AI/Cloud-enhanced medical devices as well as digital health technologies.
iGan Arabia will help set the GCC area as an established edMedTech ...
FURSAN HISPANIA FC OFFERS SKILLED AMATEUR FOOTBALL PLAYERS IN THE UAE A ROUTE TO GO PRO
The UAE’s passionate national and expatriate amateur football players now have an exciting route to a professional career following the formation of a new Football club in the country. Fursan Hispania FC - a new entrant to the UAE’s Second Division League - is a grass roots club that aims to help dedicated amateurs of the ‘beautiful game’ achieve their dreams of playing at an official level.
After seven years of successfully developing the academy, Salgado decided to take on a new project with his new partner Faisal Belhoul by building a real football club to take part in official UAE competitions. Commenting on the ...
INVESTMENT OPPORTUNITIES EXIST IN COVID-19 CRISIS, INSISTS ITHMAR CAPITAL FOUNDER
The founder and managing partner of UAE-based Ithmar Capital Partners is confident there are opportunities to be had in the market, despite the economic downturn prompted by the Covid-19 pandemic, and likened the current climate to the financial crash just over ten years ago.
Faisal bin Juma Belhoul said that eyebrows were raised a decade ago when he invested over AED500 million in Al Noor Hospitals – now Mediclinic International.
“Everybody thought we must have lost our heads, making big commitments in the market,” he told Arabian Business. However, the investment ...
New NMC Executive Chairman Announces Stabilisation Strategy For UAE’s Largest Private Healthcare Provider
VOne week into his new role as Executive Chairman of the UAE’s largest private healthcare provider NMC Health Plc, Faisal Belhoul today set out his commitments to the company, its healthcare workforce and their patients, and its shareholders and creditors.
Belhoul underscored NMC’s critical role in the provision of healthcare in the UAE, which makes the continuance of operations a national priority, particularly as the country and the world battle the COVID-19 pandemic.
The executive chairman stated his immediate priority was to achieve operational and financial stability to provide frontline care in the ...
NMC HEALTH'S NEW EXEC CHAIR VOWS TO RECOVER MISUSED FUNDS
The new executive chairman of hospital operator NMC Health vowed on Saturday to work with authorities in Britain and the United Arab Emirates to recover misused funds and called on the company's creditors for a debt standstill.
Faisal Belhoul "calls for a temporary standstill from creditors to allow time to prepare and activate a recovery plan," the company said in a statement.
London-listed NMC recently revised its debt position to $6.6 billion, much higher than earlier estimated.
London-listed NMC recently revised its debt position to $6.6 billion, much higher than earlier estimated ...
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ITHMAR CAPITAL BOSS BECOMES NMC HEALTH CHAIRMAN AFTER IT ACQUIRES 9% STAKE
NMC Health said its non-executive chairman, Mark Tompkins, stepped down from the board with “immediate effect”.
It has appointed Ithmar Capital’s managing partner, Faisal Belhoul, executive chairman after the private equity company based in Dubai took a 9 per cent stake in NMC.
Mr Tompkins had been joint non-executive chairman of NMC Health since 2012 alongside the company’s founder, BR Shetty.
Mr Shetty stepped down from his position as joint non-executive chairman of the struggling company last month after disclosures about ...