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beardedmrbean · 1 year ago

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It seems a long way from the misery of Gaza's shattered buildings. Situated a short walk from the Golden Horn, an estuary of the Bosphorus in bustling Istanbul, AG Plaza boasts terraces, pools and commercial space, and is designed to attract tech companies that want to benefit from the city's Commerce University campus.

Yet the two places are indeed linked. The glistening project in Turkey's cultural capital was built by a company controlled by what the U.S. Treasury Department describes as "Hamas elements."

The AG Plaza in Istanbul is just one example of how, according to the U.S. Treasury Department, It reveals extensive new links between companies and individuals that the U.S. says are funding Hamas operations.

By examining business records and cross-referencing them with the sanctions lists, Newsweek's investigation shows how Hamas is using some of its key personnel to set up such companies around the Middle East and elsewhere to run its financial empire—often in places where, one expert said, it may find tacit approval for such operations. They include businesses in the United Arab Emirates, Turkey, Algeria, Saudi Arabia and Sudan, and may even reveal how the group is expanding into Western Europe.

It also illustrates that while the unprecedented aerial and ground assault on Gaza, which Israel says is necessary to ensure Hamas' destruction, may paralyze the militant group there, it seems unlikely to stop the flow of funds from abroad.

This task—cutting off Hamas funding at source—appears to have become an urgent priority for the Biden administration, which on January 5 announced it is offering a reward of up to $10 million for information that could dismantle the group's economic foundations.

The Rewards for Justice Program aims to disrupt the broader network that sustains Hamas, including targeting any source of revenue, major donors, financial facilitators and financial institutions that facilitate transactions for the group.

The program also focuses on businesses or investments owned or controlled by Hamas or its financiers, as well as front companies engaged in procuring dual-use technology and criminal schemes that financially benefit the organization.

The program reflects the difficulty of targeting such funding. Hamas' web of interconnected companies, which has also enriched senior Hamas figures to a degree unimaginable for the ordinary people of Gaza, is remarkable in its size and complexity.

Newsweek found that one Yemeni business administrator is the joint owner of Hamas' UAE property company, which owned an office block worth $150 million; is the co-founder of a Hamas-linked, publicly traded Turkish construction company; owns 20 percent of a Hamas front company in Saudi Arabia; and is on the board of another Hamas-linked Sudanese company. Separately, company records show an accountant from the West Bank is central to four major construction and real estate companies in three countries: Turkey, Sudan and Saudi Arabia.

The network appears to be growing. A wealthy Sudanese businessman who had close ties to Osama bin Laden, the late Al-Qaeda leader, and who is described by the U.S. Treasury Department as a "Hamas financier," set up a Hamas-linked company in Spain last December, corporate filings show.

In a press release on May 24, 2022, the U.S. Treasury Department estimated that the Hamas-linked construction empire was worth $500 million in total and said that a publicly traded Turkish company—the same company that developed the AG Plaza in Istanbul—was 75 percent-owned by Hamas-connected members in 2018. It alleged that the same company planned to secret away $15 million in shares for senior Hamas figures that same year.

The U.S. placed companies and executives on its Hamas sanctions list in 2022 and during three rounds of sanctions imposed on Hamas after the October 7 attack on Israel. That attack killed around 1,200 people, and militants took some 250 others hostage, the Associated Press reported. As of January 9, 2024, Israel's air, ground and sea assault in Gaza had killed more than 22,400 people, two-thirds of them women and children, the AP said, citing the Hamas-run Gaza Health Ministry. The offensive has devastated large parts of the Gaza Strip, displaced nearly 85 percent of its population of 2.3 million, and left a quarter of its residents facing starvation, according to the United Nations.

"In addition to the funds Hamas receives from Iran, its global portfolio of investments generates vast sums of revenue through its assets, estimated to be worth hundreds of millions of dollars, with companies operating in Sudan, Algeria, Türkiye, the United Arab Emirates, and other countries," the U.S. Treasury said in a statement when it updated its Hamas sanctions list on October 18, 2023.

"The companies in Hamas' portfolio have operated under the guise of legitimate businesses and their representatives have attempted to conceal Hamas' control over their assets.

"This investment network is directed by the highest levels of Hamas leadership and has allowed Hamas senior officials to live in luxury while ordinary Palestinians in Gaza struggle in harsh living and economic conditions."

The Israeli government also says that construction companies are a vital part of the Hamas finance model and has mirrored the U.S. sanctions list. In an online statement on October 29, the Israeli embassy in the U.S. said that Moussa Abu Marzouk, deputy chair of the Hamas Political Bureau, was worth $3 billion, while senior leaders Khaled Mashal and Ismail Haniyeh were each worth about $4 billion.

The reason that Hamas has turned to property is clear, experts say. Stephen Reimer, a senior research fellow at the U.K.'s Royal United Services Institute, told Newsweek that "building and then selling real estate is a handy way for Hamas to obfuscate its funds."

Reimer, an expert in terrorism financing at RUSI's Center for Financial Crime & Security Studies, said that "financial crime regulation of the construction, property development and real estate industries is fairly weak globally," meaning that Hamas-connected developers "can put funds into building apartments and then selling units to buyers, who would have no way of knowing the provenance of the funds that went into building their home."

In other words, ordinary homeowners are unaware that their purchases have helped to fuel the growth of a militant organization responsible for the worst massacre of Jews since the Holocaust.

Turkey

On the surface, Hisham Younis Yahya Qafisheh's resume makes him an unlikely plutocrat, let alone militant "element." Born on September 1, 1956, in Hebron in what was then Jordan and which would later become the West Bank, he graduated in accounting from King Abdulaziz University, in Jeddah, Saudi Arabia, in 1978. He started his business life as an accountant in the branch of a French company in Saudi Arabia and worked as a finance manager at the Dar Al Eiman hotel company in Jeddah between 1987 and 2005. Arabic is his native language, and he speaks English.

Yet this CV, included in documents that the Turkish company Trend GYO submitted to the Turkish Department of Finance in 2018 as part of its public offering requirements, does not highlight two crucial parts of his life story.

First, the Ticaret Sicil Gazetesi trade registry publication in Turkey printed a notice on March 25, 2021, which corrected Qafisheh's personal data. He had assumed a new Turkish name and obtained Turkish citizenship. This could help him to avoid scrutiny and travel more easily.

Second, according to a U.S. Treasury statement when it placed Qafisheh on its sanction list the following year, he served as deputy head of Hamas' investment office and has played an important role in "transferring funds on behalf of various companies linked to Hamas' investment portfolio." It had been investigating his involvement in Hamas-linked companies in three countries.

"Qafisheh was involved in managing the operations or held key roles in several companies controlled by Hamas," the Treasury Department added.

One of those is the fashionable-sounding Trend GYO, which advertises plush, middle-class apartment blocks and business plazas in its Turkish brochures and website. The company has also set up a Trend REIT, or real estate investment trust, for investors who want to buy into its property developments.

Turkish business records reviewed by Newsweek show that, as of September 2023, Trend is 55 percent publicly traded, meaning it raises money from the public and investors.

According to its own records, Trend GYO has completed 12 major projects throughout Turkey, including AG Plaza at Istanbul Commerce University, one of its most recently completed and largest projects, and a series of apartment blocks in the city of Bursa in northern Turkey that include the Anda Park Sultanbeyli, Anda Park Ertuğrul, Anda Park Özlüce, Anda Park Balat-1, Anda Park Balat-2 and Anda Park Millet projects.

In total, the company says it has built over 500,500 square feet of business and residences over the past 16 years.

Among Trend GYO's six upmarket residential blocks in Bursa is "Trend Boulevard," which the company is encouraging investors to buy into through its investment trust. The 34-unit apartment complex Andapark Ertuğrul offers "the key to a peaceful life with its modern architecture and a green field" in "the most modern district of Bursa," the advertising states. Behind this glossy façade lies a truth that it does not want to advertise.

"As of 2018, Hamas elements held about 75 percent of the issued capital at Turkey-based company Trend GYO. Additionally, Hamas planned to privately issue more than $15 million of Trend GYO's shares to senior officials in the investment portfolio," the U.S. Treasury Department said when it placed Trend GYO on its sanctions list in May 2022.

Corporate governance filings reviewed by Newsweek show that Qafisheh, the accountant who now has Turkish citizenship, had 13 percent of the shares; a billionaire Yemense businessman and politician, Hamid Abdullah Hussein Al-Ahmar, had 17 percent; and the company's deputy chairman, Yemeni national Sahel Mabrouk O. Mangoush, had 30 percent.

Qafisheh is the most significant and is instrumental in both running Hamas-linked construction companies in the Middle East and transferring their funds to Hamas, the U.S. Treasury Department says.

According to the U.S. Treasury Department, among those helping to disguise Hamas involvement in Trend GYO is Musa Dudin, a former suicide-bomb coordinator with close links to the Hamas leadership in Gaza. Dudin was jailed for life but was released in 2011 as part of an Israeli exchange of 1,027 Palestinian prisoners for the kidnapped Israeli soldier Gilad Shalit.

The U.S. Treasury Department said that Dudin was trying to cover up Hamas involvement in the company by transferring shares to other people.

"Musa Muhammad Salim Dudin is a West Bank-based member of Hamas' Political Bureau and Investment Office official and is responsible for negotiations to free Hamas members in prison. Dudin has publicly represented and spoken on behalf of the terrorist organization," it said in a press release to announce its sanctions against Dudin and other Trend GYO-linked officials on October 18, 2023.

It said that "Dudin attempted to obfuscate Trend GYO's continued affiliation with Hamas by transferring ownership to other parties. Dudin has also worked directly with designated Hamas senior leader Yahya Ibrahim Hassan Sinwar. Additionally, Dudin has previously received tens of thousands of dollars from Political Bureau Deputy Chief Salih Al-Aruri. Dudin has used these funds to purchase a variety of weapons for Hamas that were subsequently used in deadly terrorist attacks that resulted in the deaths of Israeli soldiers." The U.S. placed Sinwar on its sanctions list on August 27, 2015, and Al-Arouri on September 10, 2015. Al-Arouri was assassinated in an alleged drone attack in Beirut on January 2.

In May 2022, Trend GYO was placed on the U.S. sanctions list by the Treasury Department, which listed the company "as part of Hamas' investment portfolio" and "a key component of Hamas' global asset holdings which had previously been estimated to be worth over $500 million."

Although the then chairman, Hamid Al-Ahmar, is not on the U.S. sanctions list, Trend GYO's public offering documents in 2018 state that he is chair of Al-Quds International Foundation, a Lebanese organization that is on the U.S. sanctions list as a Hamas front. Al-Ahmar has frequently spoken about his support for Hamas.

There is evidence of major changes in share ownership from Trend's filings with the Turkish Department of Finance. Trend's latest corporate accounts, filed for September 30, 2023, and reviewed by Newsweek, show that 55.4 percent of the company is publicly owned, compared with 45.74 percent at the end of 2022. The largest private shareholder is Alaeddin Senguler, with 22.19 percent of the company; followed by Arwa Saleh M. Mangoush with 12.07 percent; and Gulsah Yigidoglu with 10.34 percent. All three were placed on the sanctions list in November for "having materially assisted, sponsored, or provided financial, material, or technological support" to Hamas.

One of the three, Arwa Mangoush, a 37-year-old Saudi national, was born in Jeddah and is a female relative of Trend's co-founder Saleh Mangoush, who transferred all his shares to her.

According to Trend GYO public offering documents at the Turkish Department of Finance, Saleh Mangoush was born on November 28, 1957, in Hadhramaut in eastern Yemen. Like Qafisheh, he studied at King Abdulaziz University in Jeddah, Saudi Arabia, having graduated from the Faculty of Business Administration in 1983. He started work life as a cashier at Al Ahli bank in Saudi Arabia in 1979, moving up to be the general manager's special secretary, a position he kept until 2004. His native language is Arabic and he speaks English fluently, the document states.

According to Turkish journalist Abdullah Bozkurt, who has investigated Trend GYO for the Swedish news website the Nordic Monitor, the company is both hiding money for Hamas and generating income for its operations.

"The reviews I have conducted so far definitely indicate both. The company develops real estate which is a very lucrative market to make money in Turkey. Its shares are partly traded in the stock exchange so it raises money from the public and investors as well," he said.

For Nicholas Ryder, a law professor and terrorism financing expert at Cardiff University in the U.K., Hamas' use of property companies fits a pattern.

"Property companies could prove to be a useful funding mechanism because the global property market has proven to be a safe investment for both terrorist groups and organized criminal gangs. Additionally, the property sector, via mortgage fraud, has also been used to finance acts of terrorism and there have been several related terrorist financing convictions in America," he told Newsweek.

Newsweek sought email and phone comment from Trend GYO on November 21 and December 1 and email comment from Saleh Mangoush and Hisham Qafisheh on December 18.

Trend GYO has previously denied supporting Hamas or any other organization, saying it is "impossible for it do so." It said it was established with foreign capital and is a profit-oriented institution subject to regular audit by Turkey's Capital Markets Board that acts in accordance with the principle of transparency.

United Arab Emirates

UAE business records reveal that Saleh Mangoush, Trend's co-founder, set up Itqan Real Estate JSC, in Sharjah, the country's third most-populous city, in 2004. The company is listed as being involved in construction and design. It owned UAE office blocks worth hundreds of millions of dollars.

2022 corporate records reviewed by Newsweek show that Saudi national Mangoush, who is listed as "general manager," owns 49 percent of the company. This is consistent with UAE rules that, until recently, stipulated that all companies must be 51 percent owned by UAE citizens, who receive a monthly payment and may have no connection to the day-to-day running of a company. Itqan was "among several commercial companies controlled by Hamas' covert investment portfolio," according to the U.S. Treasury sanctions list statement in May 2022.

"In mid-2019, Hamas investment portfolio managers considered selling one of Itqan's highest-value assets, valued at $150 million," it added. That asset is believed to be a UAE office block the company purchased, although the details are not listed by the U.S. Treasury Department.

However, while Itqan was a major concern on the Sharjah property market for years, there may have been a crackdown. After Itqan was listed on the U.S. sanctions list, it was listed as "inactive" on company records. Newsweek attempted phone and email contact with Itqan Real Estate JSC on November 21 and December 18. The Itqan phone number no longer appears to be working and the emails bounced. Its website also appears to have been removed.

The UAE government, which called the October 7 attack on Israel a "serious and grave escalation" to the Israeli-Palestinian conflict, has taken a much tougher view of Hamas than the Turkish government. The UAE launched a major crackdown on the Muslim Brotherhood after the 2011 Arab Spring and placed 94 alleged members of a Muslim Brotherhood-linked group on trial in 2013.

Saudi Arabia

According to the Trend GYO public offering documents, Saleh Mangoush, founder of both Trend in Turkey and Itqan in the UAE, is also founder of Anda Company.

Mangoush said in the 2018 Trend public offering documents that he owns 20 percent of Anda Company and is its general manager. He also lists several other Saudi companies he founded, including one with interests in gold and jewelry, hotel management, packaging, car spare parts and contracting.

The U.S. Treasury Department said that Anda is "among Hamas' larger investments in real estate and construction." Anda was placed on the U.S. sanctions list in May 2022. It also said that Anda Company was managed by Mangoush's fellow Trend GYO board member, the accountant Hisham Qafisheh. Newsweek sought email comment from Anda Company and Saleh Mangoush on November 22 and December 18.

Sudan

Sudan-based multimillionaire and Hamas financier Abdelbasit Hamza Elhassan Mohamed Khair "has longstanding ties to terrorism financing, including historic ties to al-Qaida and Osama bin Laden-linked companies in Sudan," according to a statement from the U.S. Treasury Department when it placed Khair on its sanctions list on October 18, 2023. He is the CEO and owner of Sudan-based company Zawaya Group, which was also placed on the U.S. sanctions list on October 18.

According to the U.S. Treasury Department, Kahir also owns the Western-sounding Larrycom Investment Company, a Sudanese firm in which Hamza is a top executive. Zawaya Group and Larrycom were also put on the U.S. sanctions list on October 18.

Qafisheh, the former chair of Trend GYO, is also heavily involved in the Sudan operations. In Trend GYO's 2018 public offering documents, Qafisheh states that he began investing in Sudan in 2000 and, from 2010 onwards, has been on the board of two of Khair's Khartoum companies: Agrogate Holding, an infrastructure and mining company, and Al Ruwad Real Estate Company, both of which were placed on the sanctions list in November 2023.

In his submission, Qafisheh told the Turkish Department of Finance that Ruwad started real estate investments in Turkey in 2006, using a partnership. The document said that, through Ruwad, Qafisheh took part in "the feasibility and construction of many residences, offices and commercial buildings in Turkey." In 2014, he became the chairman and remained in that position in 2018, the document said.

Through its sanctions list statement, the U.S. Treasury Department confirmed Qafisheh's claim that he is on the board of Agrogate Holding and Chairman of Ruwad.

Qafisheh "interviewed and hired candidates for Agrogate leadership and had a direct line of communication to the company board of directors," according to the statement. Agrogate has been a major player in the Sudanese construction business for over a decade. In 2009, Zawaya Group was awarded a Build, Operate, and Transfer (BOT) contract for the Dongola Argeen Highway Project, a 40-year plan to build a 223-mile highway connecting Sudan and Egypt, at an estimated cost of $500 million. Zawaya Group established Agrogate Holding to carry out the project.

Ruwad was established in 2010 by merging several Hamas companies based in Sudan, the U.S. Treasury Department said. Qafisheh "made hiring and firing decisions at Al Rowad and was also involved in the company's financial dealings," it said.

Newsweek sought email comment from Larrycom; Zawaya Group; Agrogate Holding; and Ruwad on November 18 and December 1.

Spain

Spain is at the center of what may be a bold development in the Hamas financing strategy. Osama bin Laden's friend, Abdelbasit Khair, is the CEO of Spanish company Zawaya Group for Development Investment Sociedad Limitada, which was placed on the U.S. sanctions list on October 18. There is evidence that Hamas' decision to move to western European companies is a new development, possibly enabling it to avoid detection in the Middle East.

Spanish company records reviewed by Newsweek show that the Spanish Zawaya Group was established in Valencia, Spain, on December 19, 2022. The company's financial reports are not yet available. Newsweek sought email comment from Zawaya Group on December 1 and December 15.

Algeria

The U.S. also links Hamas to Sidar Company, which was established in Algeria in 1998, according to company records reviewed by Newsweek. The company works in construction and is headquartered in Algiers. "Sidar Company, Anda Company, and Agrogate Holding were among Hamas' larger investments in real estate and construction. Hamas Investment Office leadership actively managed Sidar Company, a real estate development company," the U.S. Treasury Department said.

Perhaps reflecting the covert nature of the company's finances, Sidar's financial records do not appear to match the U.S. claim that it was among Hamas' larger real estate and construction investments. Company records show it is listed as having four employees with 2022 revenue of 106,414,226 Algerian dinar, equivalent to $790,504. Newsweek sought email comment from Sidar Company, and from two of its company managers, on December 1 and December 15.

'Tacit Support'

Despite the complex nature of the Hamas-linked businesses, the roots of the network lie in support for the organization globally, or support for the Palestinian cause in general. Timothy Wittig, author of Understanding Terrorist Finance and a fellow at Oxford University, told Newsweek that Hamas has sought out countries where it knows its property companies will have support in the business community.

He said it was common in terrorism financing for "sympathetic businesspeople and political and community leaders to align efforts to provide mutually beneficial financial support to 'the cause.'"

"This has long been true for the Islamist movement and Muslim Brotherhood, where there is an appealing quid pro quo offering blacklisted groups a financial lifeline and their business partners a privileged position in peripheral yet lucrative markets," he said.

Wittig said that Hamas' financial success in some countries "may be an indicator of tacit and indirect state support."

"It's a way to financially support Hamas without doing so directly—which would have more international political costs due to the sanctions," he said. "By allowing Hamas to do business in your country, governments can have their cake and eat it too."

#nunyas news

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ghafdynamics11 · 6 days ago

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Reimagining Regional Wellness: The Rise of Population Health Management in MENA

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chocolatedetectivehottub · 12 days ago

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ramyasrigyb · 22 days ago

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Monitor Economic Trends: Staying informed about macroeconomic data, central bank policies, and financial news helps traders anticipate market movements.

Prioritize High-Probability Trades: Focusing on well-researched setups with strong risk-to-reward ratios increases profitability.

Evaluate Performance Consistently: Tracking and analyzing multiple accounts ensures the continuous improvement of trading methodologies.

By leveraging these strategies, traders can tap into the best prop trading firms in UAE and advance their trading careers while maintaining strict risk management.

Apex Trader Funding in the UAE

For traders in the UAE, Apex Trader Funding provides structured evaluation programs and funding opportunities tailored to different trading styles. The initiative allows traders to refine their skills in a risk-controlled environment while leveraging the latest trading platforms.

Benefits of Apex Trader Funding in UAE

Comprehensive Evaluation Programs: Traders can qualify for capital access without the need for personal funds.

Access to Multiple Trading Platforms: Trade seamlessly using Rithmic trading platform and Tradovate trading platform.

Diverse Trading Strategies Supported: Whether you are a swing trader, scalper, or algorithmic trader, Apex funding caters to various trading styles.

Risk-Free Simulated Trading: Traders can hone their skills in a practice environment before transitioning to real funded trading accounts in UAE.

Exclusive Apex Coupon Discounts: Enjoy promotional benefits through an Apex coupon, Use the Code “COPY” to get the latest discount. This will make the funding process even more cost-effective.

With Apex trader funding in UAE, traders have the opportunity to grow their careers while benefiting from structured evaluations, capital allocation, and advanced trading tools.

Conclusion: Advance Your Trading with Apex Trader Funding

Are you ready to elevate your trading career? Join Apex Trader Funding and gain access to funded trading accounts in the UAE without the need for personal investment. Whether trading in the UAE or globally, traders can improve their skills and scale up using prop firms in UAE resources.

With structured strategies and effective risk management, funded traders in the UAE present an unparalleled opportunity for professional growth and financial success.

Start your journey today with Apex Trader Funding and explore new possibilities in futures trading in UAE. For more insights and expert trading blogs, check out Apex Trader Funding's website.

#funding traders in uae #the funded traderin in uae #apex trader funding in uae

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uihm89 · 25 days ago

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Best Career-Focused Hotel Management Courses for Aspiring Hoteliers

Hotel management has evolved far beyond front desks and room service. Today, it’s a gateway to global careers, luxury travel, and executive leadership roles. Whether your dream is to manage five-star resorts, cruise ships, or international events, choosing the right course is the key to unlocking your future in hospitality.

In this blog, we’ll explore the best career-focused hotel management courses for students looking to launch their journey in this dynamic industry:

Degree in Hotel Management

International Degree in Hotel Management

International Dual Diploma Course in Udaipur

Each course offers unique benefits, catering to different career goals and timelines. Let’s dive into the details.

Degree in Hotel Management – Best for Strong Domestic Foundations

A Degree in Hotel Management is ideal for students who want to build a solid academic foundation in the hospitality sector, with a focus on the Indian hotel and tourism market.

Course Features:

Duration: 3–4 years

Core subjects include front office, food production, housekeeping, and F&B services

Modules in hotel accounting, HR, marketing, and customer relationship management

Internships in top Indian hotel brands

Industry-recognized curriculum aligned with domestic standards

The Degree in Hotel Management is perfect for those planning a career in India’s vibrant hospitality and tourism industries, offering a blend of theoretical and practical learning.

International Degree in Hotel Management – Best for Global Job Opportunities

If your goal is to work in international hotels, luxury resorts, or global cruise lines, the International Degree in Hotel Management is the right path for you.

Course Highlights:

Duration: 3–4 years

Curriculum aligned with global hospitality standards

Focus on foreign language training, international etiquette, and multicultural service

International internship opportunities or study abroad modules

Career pathways in UAE, Europe, Australia, Singapore, and more

With a International Degree in Hotel Management, you gain access to global job markets and world-class hospitality brands like Hilton, Accor, and Marriott.

International Dual Diploma Course in Udaipur – Best for Fast-Track and Dual Recognition

The International Dual Diploma Course in Udaipur is designed for students who want to earn two certifications—one Indian and one international—in a shorter duration.

Why It Stands Out:

Duration: 2–3 years

Combines practical training with internationally recognized certification

Live learning at Udaipur’s top luxury hotels and resorts

Career-focused modules with quick placement support

Higher employability in both Indian and international markets

The International Dual Diploma Course in Udaipur is best for students who want a quick, intensive program that leads directly to employment.

Why These Courses Are Industry-Approved

Each of these hotel management programs is built around current industry needs and hiring trends. They prepare students for real-world hospitality challenges and leadership roles.

Career Roles After Graduation:

Guest Relations Executive

Housekeeping Manager

F&B Executive

Front Office Manager

Resort or Cruise Operations Supervisor

Airline Hospitality Crew

Banquet and Event Manager

With experience, many graduates rise to become Hotel General Managers, Area Directors, or even launch their own hospitality ventures.

Skills You Will Master

Regardless of the course you choose, you’ll gain skills that are essential for success in hospitality:

Guest service and complaint resolution

Leadership and team coordination

Hotel operations and software tools

Upselling and revenue management

Interpersonal communication and grooming

Multicultural sensitivity and etiquette

These skills open doors not only in hotels but also in airlines, cruise ships, luxury retail, and global tourism boards.

Udaipur – The Perfect City for Hospitality Education

Udaipur, with its blend of royal charm and global tourism, offers a live learning environment unmatched by classroom-only training.

What Makes Udaipur Ideal:

Hands-on training at Oberoi Udaivilas, Taj Lake Palace, and The Leela

Direct interaction with international tourists

Exposure to high-end wedding and event hospitality

Learning from hospitality leaders in a city known for royal service

Studying hotel management in Udaipur gives students the practical edge employers love.

Quick Comparison: Which Course Should You Choose?

ProgramDurationBest ForDegree in Hotel Management3–4 YearsStudents building a career in Indian hospitalityInternational Degree in Hotel Mgmt3–4 YearsStudents aiming for global placements and exposureInternational Dual Diploma (Udaipur)2–3 YearsFast-track learners wanting dual recognition & jobs

Choose based on your timeline, budget, career goals, and preferred job location.

Admission Process

Starting your hospitality journey is easier than ever. Follow these simple steps:

Visit the official course website

Choose your desired program

Fill out the online application form

Submit academic documents (10th/12th certificates, ID)

Schedule a counseling session if needed

Pay admission fee and confirm your enrollment

Final Thoughts

If you’re serious about making a mark in the global hospitality industry, you need a course that gives you the right mix of skills, experience, and recognition. Whether you go for a Degree in Hotel Management, an International Degree in Hotel Management, or a International Dual Diploma Course in Udaipur, you’re setting yourself up for a world of opportunity.

#hotel #education

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royalestates1 · 26 days ago

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Dubai is breaking new ground in property investment with the launch of the Middle East’s first tokenized real estate platform, Prypco Mint.

According to a May 25 report from Gulf News, the initiative is being spearheaded by the Dubai Land Department and aims to make property investment more accessible. The pilot platform allows UAE residents to invest in real estate with as little as Dh2,000.

Prypco Mint is being launched in partnership with blockchain firms Prypco and Ctrl Alt and is backed by the Virtual Assets Regulatory Authority, the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank is acting as the banking partner during the trial phase.

Through the platform, users can buy fractional ownership in ready-to-own Dubai properties via the website mint.prypco.com. Transactions are currently limited to UAE dirhams, with no crypto payments permitted in the pilot.

The protection of investors is a top priority. All funds are stored in regulated client money accounts that are monitored by the Central Bank, VARA, and DLD. The funds are only released after all transactions are finished. In order to guarantee equitable pricing, every listed property must also pass a regulatory review.

Returns for investors are expected to come from both rental income and any appreciation in the value of the property. Investors will hold a legally recognized share of ownership registered under DLD oversight.

The DLD estimates that tokenized property assets could make up 7% of Dubai’s real estate market, roughly Dh60 billion, by 2033. The program is currently only available to UAE citizens, but it is anticipated to grow globally in subsequent stages.

Dubai continues to position itself as a global leader in regulated digital asset innovation. This rollout follows Dubai’s earlier moves in March to tokenize real estate, attract global blockchain firms, and ease access to property ownership. It also comes on the heels of recent initiatives like enabling crypto payments for government services through a partnership with Crypto.com.

For more information contact Royal Estates , Royal Estates LLC , Top real estate agency in Dubai

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minervacollege · 29 days ago

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Minerva College: Leading BSc Catering Science and Hotel Management College in Coimbatore

In the dynamic world of hospitality, a robust educational foundation is paramount. The BSc in Catering Science and Hotel Management stands out as a comprehensive program that equips students with the skills and knowledge required to excel in this industry. Among the esteemed institutions offering this course, Minerva College of Catering & Hotel Management in Coimbatore has carved a niche for itself, blending academic rigor with practical exposure.

Understanding the BSc in Catering Science and Hotel Management

The BSc in Catering Science and Hotel Management is a three-year undergraduate program designed to provide students with an in-depth understanding of the hospitality sector. The curriculum encompasses various facets of the industry, ensuring graduates are well-prepared to meet its diverse demands.

Core Subjects Include:

Food Production & Culinary Arts: Delving into the science of food preparation, international cuisines, and kitchen management.

Housekeeping & Accommodation Management: Focusing on maintaining hygiene standards and the role of housekeeping in hospitality.

Front Office Management: Enhancing communication and customer service skills to manage guest relations effectively

Food & Beverage Service & Restaurant Management: Understanding the nuances of serving food and efficient restaurant operations

Hotel Accounting & Financial Management: Learning the financial aspects crucial for running a successful hospitality business

Event Management & Catering Services: Training in organizing and executing large-scale events and catering services.

Hospitality Marketing & Business Development: Gaining insights into branding, promotions, and revenue generation in the hotel industry.

These subjects ensure a holistic education, preparing students for various roles within the hospitality sector.

Why Choose Minerva College of Catering & Hotel Management?

Established in 2000, Minerva College has consistently been recognized as a premier institution for hospitality education. Here's what sets it apart:

1. Comprehensive Curriculum: Minerva's BSc program is meticulously designed to align with industry standards, ensuring students receive both theoretical knowledge and practical skills.

2. State-of-the-Art Infrastructure: The college boasts modern kitchen facilities, simulated hotel environments, and real-world hospitality training setups, providing students with hands-on experience.

3. Experienced Faculty: A team of seasoned professionals and academicians guide students, bringing real-world insights into the classroom.

4. Global Placement Opportunities: Graduates from Minerva have secured positions in renowned global hotel chains, including The Ritz-Carlton, Hilton Hotels & Resorts, Marriott International, Taj Hotels, Hyatt Hotels Corporation, and Carnival Cruise Lines.

5. International Exposure: With an internationally recognized curriculum and strong industry connections, students have successfully built careers in countries like the USA, Canada, Australia, UAE, and Europe.

Career Opportunities Post GraduationA degree in BSc Catering Science and Hotel Management from Minerva opens doors to a plethora of career paths:

Hotel & Resort Management: Taking on managerial roles in luxury hotels, resorts, and boutique establishments.

Restaurant & Catering Services: Overseeing operations in high-end restaurants, cafes, and catering businesses.

Airline & Cruise Hospitality: Serving as hospitality experts in airlines, cruises, and luxury yachts.

Event Management: Organizing large-scale events, weddings, and corporate conferences.

Entrepreneurship: Launching personal ventures in catering, hotel, or restaurant businesses.

Food & Beverage Management: Managing restaurant operations, ensuring food quality, and enhancing service efficiency.

The global hospitality industry's continuous growth ensures that graduates are well-positioned to seize diverse opportunities worldwide.

Admission Process at Minerva College

Prospective students aiming to enroll in the BSc Catering Science and Hotel Management program at Minerva College should have completed their Higher Secondary Examination (Academic or Vocational) conducted by the Government of Tamil Nadu or equivalent. The college offers both online and offline application modes, ensuring flexibility for applicants.

Conclusion

Choosing the right institution is pivotal for a successful career in hospitality. Minerva College of Catering & Hotel Management, with its comprehensive curriculum, experienced faculty, state-of-the-art infrastructure, and global placement opportunities, stands out as a top choice for aspiring hospitality professionals. Embarking on the BSc Catering Science and Hotel Management program here ensures not just academic excellence but also a promising career trajectory in the global hospitality industry.

#online pg courses #diploma in bakery #hotel management #catering #college #b.com distance education college #mba online course #online ug degree courses #bsc

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darkcatcomputer · 3 months ago

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Strategies for Expanding Your Business in the UAE: A Guide to Sustainable Growth

Expanding your business in the UAE is not just about entering a new market; it’s about setting the stage for long-term growth in a thriving and dynamic economy. With its strategic location, favorable tax policies, and a rapidly evolving consumer market, the UAE is one of the best places for businesses to scale. However, to ensure a successful expansion, you need more than just operational capabilities—you need a comprehensive business strategy, an effective marketing strategy, and access to professional business consultancy services.

In this guide, we’ll walk you through the key strategies for expanding your existing business setup in the UAE, providing you with insights that can help you achieve sustainable growth.

1. Refining Your Business Strategy for Growth

Before embarking on the expansion journey, it’s critical to establish a clear business strategy. A well-structured business plan is the foundation for success in any new market, and the UAE is no exception. Here’s how you can refine your strategy:

Market Research: In-depth research is vital. Understand the local market, its trends, and customer behaviors. In the UAE, the consumer base is diverse, with a mix of expatriates and locals. Tailor your business model to address the specific needs of these demographics.

Setting Goals and KPIs: Define what you want to achieve with your expansion. Are you aiming to increase market share, introduce new products, or enhance brand recognition? Establish measurable KPIs (Key Performance Indicators) to track your progress along the way.

Focus on Operational Scalability: Expansion isn’t just about gaining more customers. It’s also about ensuring that your operations are scalable. Review your supply chain, inventory management, and workforce capacity. Can your existing infrastructure handle increased demand? If not, how can you adjust?

Financial Planning: Expanding requires investment. Ensure that you have a solid financial plan that accounts for additional costs such as marketing, staff, regulatory fees, and potential technology upgrades. Having a budget that’s aligned with your strategic goals is essential.

2. Building a Localized Marketing Strategy

In the UAE, one-size-fits-all marketing does not work. Crafting a marketing strategy that is locally relevant and culturally appropriate is essential for gaining traction in this competitive market.

Digital Presence: The UAE has one of the highest internet penetration rates in the world, and social media plays a major role in shaping consumer behavior. Leverage digital marketing channels such as SEO, paid search, social media, and influencer marketing to build brand awareness. Don’t forget to focus on mobile-first marketing, as many UAE residents access the internet through their smartphones.

Localized Content and Messaging: Craft content that resonates with the local audience. The UAE is a mix of diverse cultures, so tailoring your messaging to reflect local values, customs, and language preferences is crucial. Consider offering content in both Arabic and English to broaden your reach.

Partnerships with Local Influencers: Influencers in the UAE hold significant sway over consumer behavior. By collaborating with local influencers who align with your brand values, you can quickly expand your reach and establish credibility within the community.

Customer Engagement: Use your marketing strategy not just to attract customers, but to engage them. Offer promotions, loyalty programs, and personalized experiences to build long-term relationships with your customer base. This is especially important in the UAE, where customer loyalty can significantly impact business success.

3. Harnessing Business Consultancy Services

Expanding into a new market can be a complex process, and in the UAE, the regulatory environment can be particularly challenging for foreign businesses. This is where business consultancy services can be invaluable. Here’s why partnering with a local consultancy can ensure smoother and more efficient expansion:

Navigating Legal and Regulatory Challenges: Understanding the legal framework in the UAE is critical. From obtaining the right licenses and permits to complying with labor laws and VAT regulations, business consultants can help you navigate these complexities and avoid costly mistakes.

Market Entry Strategy: Whether you plan to establish a new branch, form a partnership, or set up a franchise, a consultant can provide insights into the best approach for entering the market. They can help you assess the risks and rewards of different options and help you make an informed decision.

Financial Structuring: Business consultants can guide you on the most tax-efficient ways to structure your business in the UAE, advising on matters like ownership, joint ventures, or establishing in free zones. Their expertise can help you save on taxes and improve your financial outlook.

Risk Mitigation: Expansion is fraught with risk—whether it’s market risk, financial risk, or operational risk. Consultants can help you identify potential risks in the local market, from fluctuating demand to political instability, and help you build contingency plans.

4. Fostering Strong Relationships with Stakeholders

Building relationships is an essential part of doing business in the UAE. Whether it’s with customers, suppliers, government entities, or business partners, fostering strong relationships will be crucial to your expansion success.

Networking: The UAE has a strong culture of networking, and establishing personal connections with local professionals can go a long way. Attend business conferences, networking events, and trade shows to meet key stakeholders in your industry.

Engaging with Government Entities: The UAE government offers various incentives for businesses, particularly those in the technology, innovation, and renewable energy sectors. Stay informed about governmental initiatives and leverage your business consultancy service to gain insights into available incentives and support.

Supplier and Vendor Relationships: As you scale, it’s crucial to establish reliable partnerships with local suppliers and vendors. The UAE has a highly developed supply chain, but securing long-term relationships with trusted partners will ensure consistent product quality and supply.

5. Focus on Innovation and Customer-Centric Approach

The UAE market thrives on innovation, and being able to adapt quickly to new trends can set your business apart from competitors. Stay ahead of the curve by focusing on:

Technology Integration: Embrace technologies that can optimize your business operations, from e-commerce platforms and CRM tools to automation software. The UAE is known for being tech-forward, and leveraging the right technology can streamline your expansion efforts.

Sustainability Initiatives: Sustainability is a growing concern in the UAE, with both consumers and the government placing emphasis on eco-friendly practices. Adopting sustainable business practices can not only help you stand out but also align with the UAE’s long-term development goals.

Customer-Centric Products and Services: Tailor your offerings to meet the specific needs and preferences of your target audience. Customer satisfaction should be a cornerstone of your expansion plan, ensuring that you not only attract but also retain customers in the long term.

Conclusion

Expanding your business in the UAE offers tremendous opportunities, but success depends on a strategic and holistic approach. By refining your business strategy, leveraging a robust marketing strategy, and accessing expert business consultancy services, you can mitigate risks and position yourself for sustainable growth. By building strong local partnerships, adapting to cultural preferences, and continuously innovating, you can ensure that your business thrives in this dynamic and competitive market.

With the right guidance and a well-thought-out expansion plan, the UAE can serve as a springboard for your business’s success in the Middle East and beyond.

#business consulting #marketing strategy

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topwebdesigndubai · 3 months ago

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Top Landscaping Services in Dubai, UAE

Landscaping in Dubai

Are you looking to elevate your outdoor space into a vibrant, lush sanctuary? Whether you're embarking on a new construction project, planning renovations, or seeking to install state-of-the-art irrigation systems, Green Creation Landscaping Dubai brings unparalleled expertise in delivering premium landscape solutions. From conceptual design to final execution, we work closely with you to ensure every detail of your landscape vision is brought to life. Our dedicated team remains on-site throughout the entire process to ensure flawless implementation. At Green Creation, we specialize in transforming both residential and commercial properties across Dubai and the UAE, creating extraordinary outdoor environments tailored to your unique preferences. Utilizing only the finest materials, we provide comprehensive project management, from the initial consultation to the final installation. If you're searching for a dependable and experienced landscaping contractor or consultant in Dubai, Green Creation Landscaping is your ideal partner.

Our landscaping philosophy merges innovative design with practical functionality, resulting in outdoor spaces that are not only visually captivating but also environmentally sustainable. We offer a wide array of services, including bespoke garden designs, eco-conscious planting solutions, advanced irrigation systems, and personalized maintenance programs. Trust Green Creation to turn your property into a verdant retreat that reflects your individuality while harmonizing with the natural surroundings.

Landscape Design Dubai

Our team of seasoned landscape designers possesses a deep understanding of landscape architecture, plant biology, and design principles. We take into account your intended garden usage, budget, and personal preferences to craft a design that meets both your aspirations and financial parameters. The final design is meticulously scaled to ensure it complements the size and style of your garden. Once the design is approved, we provide a precise quotation for project implementation. With a comprehensive design in hand, you'll have a clear roadmap of the desired outcome, minimizing potential misunderstandings during the construction phase. Our skilled designers employ cutting-edge design tools and premium materials to bring your vision to fruition. Renowned for our commitment to excellence, meticulous attention to detail, and unwavering dedication to customer satisfaction, Green Creation Landscaping is the trusted name for transforming your outdoor space into a breathtaking masterpiece. Let us create the perfect environment for your home or business.

Soft Landscaping Dubai

For over 20 years, Green Creation Landscaping has been delivering exceptional soft landscaping services to both commercial and residential clients throughout the UAE. Our extensive portfolio includes bespoke planting schemes for prestigious clients, including corporate offices, educational institutions, retail complexes, industrial parks, and private residences. We excel in designing innovative soft landscaping solutions that are both functional and aesthetically pleasing, tailored to meet client specifications. Our process involves thorough site assessments and collaboration with architects and other contractors to ensure cost-effective, high-quality outcomes. Built on a foundation of trust, integrity, and customer satisfaction, our reputation continues to grow through word-of-mouth referrals. Over 99% of our projects stem from recommendations, a testament to the exceptional service and results we consistently deliver.

Hard Landscaping Dubai

Enhance the beauty and functionality of your outdoor spaces with our expert hardscaping services. Hard elements such as pavers, stone features, and outdoor structures can seamlessly integrate your home with your garden, creating a cohesive and inviting outdoor environment. At Green Creation Landscaping Dubai, our hardscaping projects are executed with precision and creativity. Utilizing materials like stamped and colored concrete, stone walls, patios, and walkways, we craft custom designs that blend elegance with practicality. Each project is a unique expression of texture, color, and dimension, enhancing your outdoor living experience.

Our Hardscaping Services include: - Stonescapes - Paver & Stone Work - Patios - Walkways - Retaining Walls - Stacked Stone Walls - Terraces - Pool Decks - Driveways - Concrete - Wood Decks - Arbors

#landscape maintenance dubai #landscaping in dubai #landscaping companies in dubai

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industrynewsupdates · 4 months ago

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A Deep Dive into the Lung Cancer Diagnostics Market: Insights and Analysis

The global lung cancer diagnostics market is expected to reach USD 7.26 billion by 2030, registering a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research Inc. The development of lung cancer-specific biomarkers is one of the primary factors for the growth of the lung cancer diagnostics market over the forecast period. These diagnostic tools facilitate the personalized treatment approach of lung malignancies.

Various biomarkers are present in the research pipeline. For instance, in November 2015, Epigenomics AG announced the launch of a new blood-based test using DNA methylation biomarkers, the development of which is underway. The initial results of this test revealed a promising outcome in the early diagnosis of lung cancer.

Furthermore, various awareness programs focusing on lung cancer and its associated symptoms are initiated in an attempt to elevate the screening and diagnosis rates inindividuals at a high risk of developing lung malignancies. For instance, November is considered as a lung cancer awareness month across the UK, which is supported by the Roy Castle Lung Cancer Foundation.

Gather more insights about the market drivers, restrains and growth of the Lung Cancer Diagnostics Market

Lung Cancer Diagnostics Market Report Highlights

• The non-small cell lung cancer (NSCLC) segment dominated with a substantial revenue share in 2023. NSCLC is further trifurcated into squamous cell carcinoma, adenocarcinoma, and large cell carcinoma of the lung.

• EGFR mutation tests dominated the market with a 29.2% market share for 2023. Epidermal Growth Factor Receptor (EGFR) is one of the most prevalent actionable mutations in patients with NSCLC.

• The hospitals and clinics segment dominated the market in 2023. This is attributed to the facilities with superior diagnostic tools and imaging technologies accounting for accurate lung cancer detection and staging.

• North America dominated the global lung cancer diagnostics market in 2023 due to its advanced healthcare infrastructure, high healthcare spending, and strong reimbursement regulations for cancer diagnostics.

Lung Cancer Diagnostics Market Segmentation

Grand View Research has segmented the global lung cancer diagnostics market on the basis of type, test, end use, and region:

Lung Cancer Diagnostics Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Non-small cell lung cancer

• Small cell lung cancer

Lung Cancer Diagnostics Test Outlook (Revenue, USD Billion, 2018 - 2030)

• CA test

• HER2 test

• ALK test

• Angiogenesis Inhibitors

• EGFR Mutation test

• KRAS Mutation test

Lung Cancer Diagnostics End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospitals and clinics

• Diagnostic Laboratories

• Others

Lung Cancer Diagnostics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

o Italy

o Spain

o Denmark

o Sweden

o Norway

• Asia Pacific

o China

o Japan

o India

o Korea

o Australia

o Thailand

• Latin America

o Brazil

o Argentina

• Middle East and Africa (MEA)

o Saudi Arabia

o UAE

o Kuwait

o South Africa

List of Key Players of Lung Cancer Diagnostics Market

• F. Hoffmann-La Roche Ltd

• Thermo Fisher Scientific

• Illumina Inc

• Agilent Technologies

• Qiagen

• Abbott

• Bio-Rad

• Neogenomics Laboratories

• bioMérieux

• Myriad Genetics, Inc

Order a free sample PDF of the Lung Cancer Diagnostics Market Intelligence Study, published by Grand View Research.

#Lung Cancer Diagnostics Market #Lung Cancer Diagnostics Market Size #Lung Cancer Diagnostics Market Share #Lung Cancer Diagnostics Market Analysis #Lung Cancer Diagnostics Market Growth

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erpsoftwaredubaiuae · 4 months ago

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How UAE Businesses Can Maximize ROI with ERP Implementation

Enterprise Resource Planning (ERP) software has become an essential tool for businesses in the UAE looking to streamline operations, enhance efficiency, and improve decision-making. However, to ensure that the investment in an ERP system delivers maximum return on investment (ROI), businesses must follow strategic implementation practices. Here’s how UAE companies can achieve this goal.

1. Choose the Right ERP System

Selecting the right ERP solution is the foundation of a successful implementation. Consider the following when choosing an ERP system:

Industry-specific features

Scalability to accommodate future business growth

Integration with existing systems

Compliance with UAE regulations, including VAT compliance

2. Define Clear Objectives and KPIs

Before implementation, businesses must establish clear goals for their ERP system. These could include:

Reducing operational costs

Improving process efficiency

Enhancing data accuracy

Boosting customer satisfaction

Defining Key Performance Indicators (KPIs) helps measure ERP success and ensures that businesses stay on track.

3. Ensure Proper Training and User Adoption

ERP implementation is only as effective as its users. Businesses should invest in proper training programs to ensure employees understand how to use the system efficiently. Strategies include:

Conducting hands-on training sessions

Providing user manuals and video tutorials

Offering continuous support post-implementation

4. Customize ERP to Fit Business Needs

Every business in the UAE has unique requirements. Customizing the ERP system to align with business workflows enhances usability and efficiency. However, excessive customization can lead to complexity and increased costs. Finding a balance between standard features and necessary customizations is key.

5. Integrate ERP with Other Business Systems

To maximize ROI, ensure seamless integration of ERP software with existing business tools, such as:

CRM systems for better customer management

Accounting software for automated financial reporting

Inventory management solutions for real-time tracking

Integration eliminates data silos and improves decision-making.

6. Optimize Business Processes Before Implementation

An ERP system is designed to improve business processes, but implementing it over inefficient workflows can limit its effectiveness. Conducting a business process review before ERP deployment helps:

Identify redundant processes

Streamline operations

Reduce implementation challenges

7. Monitor and Continuously Improve ERP Performance

Regular system audits and performance reviews ensure that the ERP system remains aligned with business goals. Businesses should:

Monitor ERP usage and identify areas for improvement

Regularly update the system to leverage new features

Collect user feedback for ongoing enhancements

8. Leverage Cloud-Based ERP for Cost Savings

Cloud ERP solutions offer significant cost advantages for UAE businesses, including:

Lower upfront costs compared to on-premise systems

Scalability to support business expansion

Remote access for increased flexibility

Cloud ERP also reduces the need for in-house IT infrastructure, minimizing maintenance expenses.

Conclusion

Investing in an ERP UAE system can drive significant business growth and efficiency in the UAE, but maximizing ROI requires a strategic approach. By selecting the right system, ensuring proper training, integrating with other tools, and continuously optimizing performance, businesses can unlock the full potential of ERP and achieve long-term success.

Need help selecting or implementing an ERP system in the UAE? Contact an expert today to find the best solution for your business!

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icvcertificate · 5 months ago

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What is the validity of the ICV certificate?

The UAE’s In-Country Value (ICV) initiative is critical for fostering local economic growth, Emiratisation, and industrial development. Obtaining the ICV certificate, which acts as documentation of a company’s contribution to the UAE economy, is an essential component of this program. Understanding the validity duration of the ICV certificate is critical for businesses to ensure compliance and competitiveness in government and semi-government contracts. This blog provides a thorough summary of the ICV certificate’s validity, renewal process, and advice for remaining compliant. What Is The ICV Certificate? The ICV certificate is an official certification issued by a certifying authority approved by the UAE Ministry of Industry and Advanced Technology (MOIAT ). It assesses a company’s contribution to the UAE economy using particular criteria such as local procurement, Emiratisation, investments, and exports. The ICV certificate is necessary for enterprises bidding on contracts with government bodies and significant corporations that participate in the ICV program, such as ADNOC , Etisalat , and Mubadala . A certified certificate increases a company’s chances of getting contracts and displays its commitment to the UAE’s economic aims. Validity Period of the ICV Certificate The ICV certificate is valid for 14 months from the date of issue. This prolonged validity term guarantees that firms have enough time to use their certifications for tenders and contracts without having to renew them frequently. Key Points to Consider About the Validity Period Single-Year Financial Basis: The certificate is based on the company’s audited financial statements from the most recent fiscal year. Renewal Timing: Although valid for 14 months, businesses are recommended to begin the renewal procedure well in advance to avoid lapses. Continuous Tenders: A valid ICV certificate is required for participation in tenders with companies that need ICV compliance. Why is the Validity Period 14 Months? The 14-month validity period aims to balance the following: Business Flexibility: During this period, enterprises can engage in tenders and contracts without the necessity for quick re-certification. Alignment with Financial Reporting: Because the certificate is based on audited financial accounts, its validity extends somewhat beyond one fiscal year to account for differences in financial reporting timeframes. Encourage Regular Updates: The validity period guarantees that organisations update their financial data on a regular basis, keeping the ICV program current and relevant. What happens when the certificate expires? Once the ICV certificate has expired, it cannot be used to submit tenders or establish compliance with ICV criteria. Businesses must renew their certification to continue working on government and semi-government projects. Consequences of an Expired Certificate: Tender Ineligibility – Expired certificates prevent organisations from competing on ICV-compliant projects. Missed Opportunities: Without a legitimate certificate, organisations risk losing out on valuable projects and contracts. Reputation Impact: Having a valid certificate demonstrates a company’s dedication to the UAE’s economic aims. An expired certificate can indicate noncompliance. How Do I Renew the ICV Certificate? Renewing the ICV certificate is a simple process that requires updating financial information and submitting it for re-certification. Here’s a step-by-step instructions: 1. Prepare Updated Financial Statements Ensure that your company’s audited financial accounts for the most recent fiscal year are prepared. These materials provide the foundation for calculating the ICV score. 2. Select an Approved Certifying Body Submit your financial statements to a certifying organisation approved by the MoIAT. Select a reputable and experienced certifying authority to ensure a seamless process. 3. Calculate the new ICV Score The certifying authority will analyse your financial information and determine your revised ICV score based on the most recent fiscal year’s contributions. 4. Receive the New Certificate Once the certifying agency has verified your information, they will issue a reissued ICV certificate valid for the next 14 months. Tips for Keeping a Valid ICV Certificate To ensure continuous participation in ICV-compliant tenders, organisations should implement the following practices: 1. Keep Track of Expiration Dates Keep track of your certificate’s expiration date and start the renewal process at least 1-2 months in advance. 2. Keep Accurate Financial Records Regularly update and examine your financial statements to ensure they are ready for submission at renewal time. 3. Work with ICV Consultants Engage ICV advisors who can help you navigate the renewal procedure and improve your score. 4. Align Operations with the ICV Goals To improve your score and competitiveness, continue to work on enhancing local procurement, Emiratisation, and other ICV characteristics. Advantages of Renewing the ICV Certificate On Time Renewing your ICV certificate before it expires provides the following benefits: Continuous Eligibility for Tenders A valid certificate enables easy participation in government and semi-government tenders. Enhanced Business Reputation Timely renewal indicates your dedication to the UAE’s economic growth objectives. Improved Scoring Opportunities Updating financial data during renewal can result in improvements in your ICV score, offering you a competitive advantage. Operational Stability Maintaining a valid certificate allows for continued business operations and access to lucrative contracts. Common Challenges to Maintaining Validity Despite the uncomplicated renewal process, firms may face problems such as: Delayed Financial Audits: The renewal procedure may be delayed if audited financial statements are prepared late. Lack of Awareness: Some businesses fail to monitor their certificate’s expiration date, resulting in lapses. Insufficient Local Contributions: Failure to meet the ICV standards during the renewal term may result in a lower score. How AbstractICV Can Help AbstractICV specialises in helping businesses navigate the ICV certification and renewal procedure. With our knowledge, you can ensure timely preparation and submission of financial data, receive personalised suggestions for improving your ICV score, maintain compliance with UAE legislation and maximise tender chances. Conclusion The ICV certificate is an important tool for businesses in the UAE since it allows them to contribute to the local economy and receive government contracts. With a 14-month validity period, you must be proactive in renewing your certificate to preserve competitiveness and compliance. Businesses may assure continuous participation in the ICV program and connect with the UAE’s aim for long-term economic growth by understanding the renewal process and implementing best practices. Need help with your ICV certification? Contact AbstractICV now for expert advice and support! The post What is the validity of the ICV certificate? appeared first on ICV Certificate .

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