Visit Qatar has announced it will host one of Italy’s most celebrated tenors, Andrea Bocelli, live in Doha as part of his 30th anniversary tour in the music industry. The concert is scheduled to take place on May 13, 2024, at the Lusail Multipurpose Arena. 
Concert goers from GCC can anticipate an enchanting evening filled with captivating classical and pop music, featuring Bocelli’s timeless hits. GCC visitors can secure their tickets now via https://tickets.virginmegastore.me/qa/music/23990/andrea-bocelli
The ticket categories start at Emerald (1,200 QAR), Gold (900 QAR), and Silver (300 QAR). Platinum and Diamond tickets are also offered (3,000 QAR and 1,800 QAR). 
Andrea Bocelli, acclaimed as one of Italy’s most illustrious pop and classical musicians, boasts a global record of over 90 million records sold. His illustrious career includes numerous accolades, such as a Hollywood Walk of Fame star (2010), 6 Grammy Award nominations, and 6 Latin Grammy Award nominations. Bocelli has graced audiences worldwide, performing for four Presidents of the United States of America, three Popes, the British Royal Family, and various world leaders, as well as at prestigious events including the Olympics, Universal Expos, and Expo Dubai.

For further details, please visit www.visitqatar.com.

For media-related inquiries, please contact Visit Qatar’s Press Office on: 
+974 3392 4466 | This email address is being protected from spambots. You need JavaScript enabled to view it.   

About Visit Qatar 
Visit Qatar’s mission is to establish Qatar as a place where cultural authenticity meets modernity, and where people of the world come together to experience unique offerings in culture, sports, business and family entertainment, rooted in Service Excellence. Visit Qatar will regulate and develop the tourism industry, encouraging investment from the private sector. It will set the national strategy for the tourism sector, reviewing it periodically and overseeing its implementation, with the aim of diversifying tourism offerings in the country and increasing visitor spend. Through our network of international offices in priority markets, and cutting-edge digital platforms, Visit Qatar is expanding Qatar’s presence globally and enhancing the tourism sector. 
 

KUWAIT: KIPCO – Kuwait Projects Company (Holding) – said that it would continue to take steps to deliver on its mission to preserve and grow the holding company by creating long-term value and sustainable growth.

This came in a presentation following the company’s Annual General Meeting. The AGM, chaired by KIPCO’s Vice Chairman, Sheikh Abdullah Naser Sabah Al Ahmad Al Sabah, saw the approval of all items on the agenda. This was followed by an Extraordinary General Meeting in which the articles of the company’s Memorandum of Association were amended to allow for the distribution of dividends on a quarterly and semi-annual basis.

KIPCO’s Group Chief Executive Officer, Sheikha Dana Naser Sabah Al Ahmad Al Sabah, gave a presentation following the AGM in which she highlighted the achievements of 2023 and an outlook for 2024.

Mission & Vision

Sheikha Dana Naser Al Sabah underscored KIPCO’s mission, to preserve and grow stakeholders’ value, together with the company’s vision, to be an agile investment holding in our core markets, delivering sustainable returns in sectors that matter to our society in the present and future.

Sheikha Dana Naser Al Sabah said:

“With KIPCO’s mission and vision in mind, our areas of thrust are to unlock value by enhancing synergies across Group companies, and to achieve a balance in the sector allocation of the investment portfolio to enhance shareholder’s return and reduce concentration.”

Strategic Priorities

Highlighting KIPCO’s strategic priorities, Sheikha Dana Naser Al Sabah said:

“Since 2022, our efforts have been aligned with our strategic priorities, which are to strengthen the performance of key portfolio investments and identify growth and investment opportunities in focused sectors; strengthen governance and synergies across the Group companies; strengthen the company’s capital structure; and foster innovation and sustainability. Our results and those of our Group companies reflect this.”

The Journey to Preserve & Grow

KIPCO’s Group CEO spoke about the holding company’s journey to preserve and grow stakeholders’ value through high impact transactions. These include the merger with Qurain Petrochemical Industries in late 2022, which resulted in an increase in net assets of KD 603 million and an increase in shareholders’ equity increasing to KD 566 million. Other transactions include NAPESCO’s acquisition of United Oil Projects, as part of efforts to create efficiencies in the oil services portfolio; the acquisition of a 52% stake in Burgan Bank Turkey from Burgan Bank, releasing 200 bps of regulatory CAR at Burgan Bank; in addition to the sale of Gulf Insurance Group and the recent merger of OSN+ with Anghami.

Sheikha Dana Naser Al Sabah noted that KIPCO’s journey also involved efforts to proactively manage liabilities to strengthen the company’s capital structure. The aim is to raise long-term financing, extend the tenor of existing liabilities, reduce interest expenses, and tap into new capital pools, as was the case with the issuance of KIPCO’s debut Sukuk. KIPCO’s Sukuk, valued at KD 103.1 million, was the first Sukuk to be issued by a Kuwaiti corporate, and the first Sukuk to be issued in Kuwaiti Dinars.

High Impact Transactions

Sheikha Dana Naser Al Sabah highlighted the sale of KIPCO Group’s 46.32% stake in Gulf Insurance Group to Fairfax Financial Holdings. The sale successfully closed in December 2023 at 2.4 times book value. The transaction resulted in proceeds of KD 256.5 million, with a realized net profit of KD 73 million.

The Group CEO spoke of developments at OSN, emphasizing the merger of OSN’s streaming business, OSN+, with Anghami. The transaction was successfully completed in April 2024 and resulted in 120 million registered users, 2.5 million paying subscribers and a combined revenue of US$ 100 million.

Sheikha Dana Naser Al Sabah said:

“By merging of OSN+ with Anghami, we have created not only one of the largest steaming platforms in the region, but a media tech company with the potential to unlock synergies for the creation of better products and more innovative offerings.”

In 2024, the combined entity will see the launch of 4K Full HD, OSN+ with ads, combined subscription offering, advanced recommendations using AI and a unified entertainment experience.

KIPCO’s 2023 Results

KIPCO is on a growth trajectory, driven by high impact transactions and successful efforts to enhance the performance of portfolio companies. In 2023, total revenue increased 23% to KD 1.3 billion, net profit was up 19% to KD 30 million, total assets went up 8% to KD 12.3 billion, shareholders’ equity rose 4% to KD 611.2 million and book value increased 4% to 134 fils per share. Portfolio companies reflected growth across different indices, reflecting the efforts to enhance their performance throughout 2023.

Asset Allocation and Sector Focus

Sheikha Dana Naser Al Sabah noted that the company has focused its efforts on six key sectors: financial services where there are opportunities for optimization; petrochemicals in alignment with Kuwait’s focus to grow the downstream industry; the high potential sectors of foodstuff, healthcare and education, and industrial services; as well as real estate where there is a potential to unlock value. KIPCO is actively seeking investment opportunities across all of these sectors, in addition to the digitization of services and enhanced technical infrastructure.

In terms of geographic presence, Sheikha Dana Naser Al Sabah said:

“Kuwait is our home market, and we also see strategic alignment of interest with the development plans in the region.”

Closing

In closing, Sheikha Dana Naser Al Sabah said:

“We continue to take steps to deliver on our mission to preserve and grow KIPCO by creating long-term value and sustainable growth that meet present needs, while supporting future ones.”

Dubai, UAE: Divine One Group has partnered with Devmark, the UAE’s leading real estate project sales and marketing consultancy, to launch Hammock Park, a resort-inspired residence in Wasl Gate, just minutes away from Sheikh Zayed Road. Devmark has been appointed as the master agent for the sales and marketing of the project Hammock Park, which presents contemporary, luxuriously furnished homes imbued with the vibrant spirit of Miami Beach. These modern resort-inspired residences promise to add a unique energy to one of Dubai's most sought-after emerging residential areas.

Hammock Park is being developed by Divine One Group and is designed as an exclusive all-in community for modern families. It offers a blend of style, innovative amenities, and a serene living experience across two acres, featuring over 70,000 square feet of resort-inspired facilities crafted to present an unparalleled lifestyle that's both indulgent and harmonious with nature. 

The community features an Olympic-size swimming pool, a children’s pool, a jacuzzi, and a unique sandy lagoon —a serene beachside experience. The outdoor beach cinema and diverse sports facilities, including padel, tennis and basketball courts, offer recreation for all ages. The community's lounge area, kids’ playground, football pitch, and mini golf provide endless entertainment, while the outdoor gym area and zen yoga garden cater to wellness pursuits. Located on the top floor, the Elevate Hub is a multipurpose space that serves as a co-working space, a gaming zone, and a state-of-the-art gym with sauna and steam rooms, providing a peaceful haven for everyone.

The residences, ranging from stylish studios to spacious 1-2 bedroom homes, are fully furnished and marry luxury with practicality. Residents will enjoy expansive, light-filled rooms that serve as tranquil retreats, designer kitchens ideal for the culinary enthusiast, and bathrooms that are akin to personal spas. The integration of sleek, modern interiors with eco-conscious elements and smart home technology underscores a commitment to contemporary living standards.

Dinesh Sajwani, Co-founder of Divine One Group, said, “At Divine One Group, we strive to create spaces that transform the concept of a home from merely a shelter to a place where a life well-lived is realised. Our partnership with Devmark is strategic and pivotal; it empowers us to take Hammock Park's vision of refined, resort-inspired living and ensure these intricately curated homes reach those who appreciate our dedication to detail. With Devmark's proven track record in sales and marketing, we are confident that together, we will introduce a new standard of living in Dubai, setting Hammock Park apart as a haven for modern living.”

“We are excited to be appointed as the sales and marketing agency for Hammock Park, affirming our leadership position in integrated real estate services,” says Sean McCauley, CEO of Devmark. “Hammock Park stands out as a prime example of Dubai's rapidly expanding real estate market, featuring a unique combination of lifestyle and convenience. From the overall concept to the finest details, every element has been carefully designed to exceed every homeowner’s expectations. At Devmark, we are committed to guiding this project to success, enhancing the locality with its unique Miami Beach and a resort-style living experience.”

Embracing the "have it all" philosophy, Hammock Park is a gateway to elevated living in Dubai. The residences are strategically located near JBR, Dubai Marina, and Palm Jumeirah, and is just minutes from the closest metro station. With project completion slated for 2027, Devmark is now accepting bookings for Hammock Park, providing residents with the opportunity to experience all-in resort-inspired living.

About Divine One Group: 

Divine One Group is a pioneering collective boasting over 15 years of unparalleled expertise in Dubai's entrepreneurial landscape. Established by visionary partners, the Group exemplifies a commitment to redefining excellence within the business arena through a dynamic synergy that integrates progressive strategies and sustainable practices. The Group's ethos drives its success to reinforce Divine One Group's position as a leading force in shaping the region's economic and architectural future.

About Devmark:

Devmark is the UAE’s leading real estate project sales and marketing consultancy, known for providing value through a developer-centric, results-driven approach. Devmark delivers an integrated consultancy across the entire developer value chain from project conceptualisation to the final sales process. With a proven track record of working with established global real estate brands, Devmark has become a trusted partner for developers in the market, with a market-leading and diverse senior leadership team. With a leadership team that has over 100 years of combined real estate experience and a sell-out volume of AED15.2 billion, Devmark is one of the most experienced real estate project sales and marketing consultancies in the UAE.

·     Chef Izu Ani becomes Audi Middle East’s inaugural regional ambassador.

·     This strategic alliance exemplifies a shared dedication to excellence, creativity, and the relentless pursuit of pushing boundaries.

·     Partnership aims to celebrate cultural resonance, storytelling.

Dubai, United Arab Emirates (22 April 2024) – Audi Middle East has unveiled its collaboration with Chef Izu Ani, the visionary restaurateur, entrepreneur, and sustainability advocate known for his global culinary expertise. This partnership marks Audi's first regional brand ambassador, signalling a significant milestone in the brand's commitment to innovation, progress, and cultural resonance within the Middle East.

Chef Izu Ani's culinary journey began in the world’s leading kitchens, where he honed his skills and garnered international acclaim for his distinctive approach to gastronomy. His culinary empire, renowned for its emphasis on quality ingredients and memorable dining experiences, has solidified his status as a regional culinary icon.

A long time Audi fan, customer and brand afficionado, this association is as natural as it is fitting.

"We are thrilled to welcome Chef Izu Ani back to the Audi family as our official regional brand ambassador," said Rene Koneberg, Managing Director of Audi Middle East. "Chef Izu's innovative culinary vision and his overall commitment to progress perfectly align with Audi's ethos of pushing boundaries and inspiring others. This partnership represents a fusion of passion, creativity, and a shared dedication to excellence."

Chef Izu's ability to craft gastronomic masterpieces has not only captivated diners worldwide but has also attracted fans from royal families to his establishments across the UAE and Qatar, where he currently has presence. His influence extends beyond the kitchen, as he shares his passion for adrenaline-fueled activities, including driving his Audi RS Q8 and pushing the limits on his road bike, inspiring followers with his words of motivation.

"The collaboration between Audi and Chef Izu is a natural fit," remarked Elmir Arnautovic, Marketing and Communications Director at Audi Middle East. "Chef Izu's regional footprint and storytelling prowess make him an ideal partner to connect with Audi's progressive target audience. This partnership is not just about culinary excellence; it's a celebration of progress, inspiration, and the limitless possibilities that emerge when passion meets innovation."

Audi x Chef Izu represents a dynamic convergence of two realms: the artistry of culinary craftsmanship and the engineering prowess of Audi's automotive innovation. It embodies a story of progress inspired by possibilities and resonates with Audi's mission to push boundaries and redefine expectations.

"When passion and progress collide, at the intersection of inspiration and passionate creativity, magic happens, stated Chef Izu Ani. "Audi and Chef Izu is more than a partnership; it's a shared journey of innovation, storytelling, and a commitment to excellence. Having admired Audi for many years and being a proud owner of the Audi R8 performance, amongst others, I am honoured to join forces with Audi to inspire audiences across the Middle East. I look forward to creating unforgettable experiences together.”

The announcement of the partnership between Audi Middle East and Chef Izu Ani marks a new chapter in the region's culinary and automotive landscape. It promises exciting collaborations, innovative experiences, and a celebration of progress and creativity.

For more info visit www.audi-me.com/izu.

UAE: Global sports company PUMA has launched its first worldwide brand campaign in 10 years “FOREVER. FASTER. - See The Game Like We Do” with the objective to strengthen PUMA’s positioning as the Fastest Sports Brand in the world. The campaign conveys the brand’s unique connection with speed and invites everyone - professional and everyday athletes alike -  to see the game like PUMA does. 

PUMA was founded in 1948 by Rudolf Dassler who had the vision to create shoes that make athletes agile, nimble and fast – just like a puma. Over the last 75 years, PUMA has worked with the fastest athletes, clubs and federations in the world to create cutting-edge innovations that provide sporting excellence and victories that live forever in the memories of fans across the globe. 

This year – through the globally featured Brand Campaign - PUMA is demonstrating how speed has always been deeply rooted in the brand’s DNA. Speed has always been PUMA’s vantage point. The desire to be faster and overtake others is in everyone’s nature. To go faster gives you joy and an adrenaline rush like no other. The passion for speed is simply universal.  “See The Game Like We Do: FOREVER. FASTER.” means to see sports and sports culture differently and ultimately win in a way only the fastest can. In a way only PUMA can. PUMA has always been able to be the first to see the next play, quick to act on its instinct, and set the pace for others to follow. This is what enables us to see the game differently, challenge conventions and create moments that will live with us forever. 

“Everyone dreams of having a superpower and speed is PUMA’s,” said Arne Freundt, CEO of PUMA. “Speed is the superpower how the greats change the game. Just like our world’s icons Mondo Duplantis, Karsten Warholm, Neymar Jr or Breanna Stewart, we know that speed unlocks athletic performance and victory in everyone. Through our ability to bring speed to life, PUMA invites all people to break through their own limits, unlock their personal best and becoming a better version of themselves, allowing them to see the game like we do: FOREVER. FASTER.”

“Our new global brand campaign is PUMA’s biggest marketing investment ever,” said Richard Teyssier, Vice President Brand and Marketing. “It is the first time that PUMA has one single message – FOREVER. FASTER. - throughout the entire year and across all performance categories such as Football, Running, Basketball and Handball. The holistic brand message is emotional and distinctive to make sure it connects and resonates with our target consumers.” 

“FOREVER. FASTER. - See The Game Like We Do” launches on April 10 and will be communicated across the entire media mix, such as Social Media, TV, PR, Out Of Home Media and Points of Sale worldwide. It will include a hero brand film and supporting creative assets with featured top athletes, such as Antoine Griezmann, Breanna Stewart, Christian Pulisic, Felix Streng, Jack Grealish, Javier "Chicharito" Hernández, Karsten Warholm, Kai Havertz, Lamelo Ball, Luis Suarez, Memphis Depay, Mondo Duplantis, Neymar Jr., Sergio Aguero, Shericka Jackson, Yaroslava Mahuchikh and many others. Later this year, PUMA will present dedicated brand videos and creative assets for The CONMEBOL Copa America, UEFA Euro 2024, and The 2024 Summer Olympics. 

PUMA

PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.