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Jubail chapter of Bearys Chamber of Commerce & Industry launched

coastaldigest.com web desk
November 23, 2019

Jubail, Nov 23: The Jubail chapter of Bearys Chamber of Commerce and Industry was launched in the presence of around 200 prominent Beary businessmen and industrialists in a formal programme at the auditorium of Intercontinental Hotel, here on Thursday, November 21.

Delegates from India and UAE too were part of the event apart from Beary businessmen from different parts of Saudi Arabia including Jubail, Dammam and Al-Khobar.

BCCI president SM Rashid Haji, who presided over the ceremony, formally inaugurated the Jubail chapter by playing a video. Speaking on the occasion, he threw light on the significance of BCCI.

He said that the launch of Dubai and Jubail chapters of BCCI indicates its popularity and significance beyond India. He hoped that in the days to come BCCI may grow to such an extent that it may create 50 lakh job opportunities.

Giving a pep talk to the businessmen, BCCI executive committee member Khasim said that one should not ignore moral values and principles while doing business and spending money.

Another BCCI executive committee member Asif Amaco made a presentation about the need of building a strong network wherein he urged Beary businessmen to come together and cooperate for each other’s growth.

BCCI General Secretary Imthiyaz explained about the activities and achievements of BCCI.

The programme commenced with the recitation of Quranic aayaat by Aqil Farooq followed by its translation Daanish Ahmed. Basheer NCMS welcomed. Farooq Asisco proposed vote of thanks. Mohammad Fairzo, Danish and Nayaz Kaisar compered the programme.

BCC vice president Zakariya Muzain, BCCI Dubai chapter president SM Basheer, and BCCI member Ashraf Expertise also spoke on the occasion. Beary entrepreneurs Abdul Rauoof Puthige, Sheikh Expertise, Mansoor, Mumtaz Ali, Iftikhar UT, Abdul Razzak Bahrain, Abdul Hameed Kuwait and Abdullah Monu Qatar were present among others.

https://www.youtube.com/watch?v=pUg2w6B-a4w

Comments

mbeary
 - 
Monday, 25 Nov 2019

i hav heard about BCC only when they do functions like this. i hav not heard about stories of how they have improved a life of a unemployed youth or how they have helped a poor person to establish business. I think BCC must enlighten about their activities. Also probably enlighten the masses about how such functions and airfare's for mlore to jubail flights are being funded. The basic point is that peoples money should not be wasted just for a photo op or  giving platform to some business people. Rather educate our business people about good ethics in business. To clear all their bank loans, to complete all pending projects on time

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coastaldigest.com news network
May 27,2020

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."

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News Network
April 27,2020

Bengaluru, Apr 27: A 57-year-old man died of COVID-19 in Kalaburagi on Monday taking the fatalities due to the virus in Karnataka to 20.

"One more person died due to COVID-19 in the state. The 57-year-old person was tested positive for coronavirus on April 21," Medical Education Minister Dr K Sudhakar tweeted on Monday evening.

The minister said he was admitted to the Gulbarga Institute of Medical Sciences with respiratory problem.

He was also suffering from severe liver related ailments.

"With this five deaths have taken place in Kalaburagi district due to the virus," the minister added in his tweet.

The first COVID-19 death in the country was reported from Kalaburagi in March.

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News Network
July 29,2020

Bengaluru, Jul 29: Schools will remain closed and are expected to be opened in the month of August or September in the view of rising COVID-19 cases in Karnataka, said S Suresh Kumar, Minister of Primary and Secondary Education and Sakala of Karnataka on Tuesday.

Speaking on the issue, Kumar said, "Schools would not open for the time being. The children will be taught through media."

"The state is also working on the new schemes to improve the learning process for the students," he added.

As many as 5,536 new COVID-19 cases and 102 deaths were reported in Karnataka on Tuesday, according to the State Health Department.

The total number of positive cases in the state stands at 1,07,001 including 64,434 active cases, 40,504 discharges and 2,055 deaths.

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