Daily Archives: November 10, 2018

Jollychic Announces the Launch of 2018 “Black Friday” with Global Suppliers

DUBAI, United Arab Emirates, Nov. 10, 2018 /PRNewswire/ — Jollychic, the top-ranked mobile E-commerce platform in the Middle East, is gearing up its biggest ever “Black Friday” shopping season with its global suppliers.

In its 2018 Black Friday Supplier Collaboration Conference which was held recently, more than 600 suppliers from East Asian countries participated to get detailed information and offer better support.

“Black Friday is the largest shopping season every year. We usually start preparations two to three months in advance to ensure the fulfillment of customer orders even at the busiest time,” said Hakam Baker, Logistic Business Development Manager of Jollychic.

As a multi-category online shopping destination, Jollychic works to be the client’s first choice for a convenient one-stop shopping solution. In the past five years, the sales volume has maintained an annual growth rate of over 300%.

According to a report by BMI Research, The Middle East e-commerce market will grow by 16.4% over the next three and a half years, with a projected value of $48.6 billion in 2022. The Middle East has become the fastest growing area in global e-commerce business based on the high penetration rate of internet and smartphones.

This momentum encourages business to invest more, said Hakam. Jollychic is cooperating with hundreds of global suppliers including famous brands, such as Apple, Huawei, Adidas, Pampers, Coty Group, etc., to bring a first-class shopping festival.

Additionally, Jollychic launched a series of solutions for user experience. A new intelligent warehouse was built especially for Black Friday, working together with other five warehouses worldwide. “We have cooperated with several airlines and distribution centers and increased manpower in logistic and call centers to guarantee commodity transportation,” said Hakam. Benefiting from technical advantages, Jollychic also works to stock appropriately to ensure that customers get their orders quickly.

Aaron Li, Jollychic founder, said, “Jollychic is not just selling goods, but bringing quality products and service to customers. Black Friday is not just a promotion day, but also a big shopping holiday for everyone. You can enjoy as you wish and if there is any dissatisfaction, you can return to us with our favorable policy. This is a commitment of Jollychic and all suppliers.”

About Jollychic

Jollychic is an online shopping platform in Middle East providing multi-category products.

Click www.jollychic.com or download “Jollychic” in App store to enjoy more deals!

Emirates Policy Center signs MoUs with five organisations

ABU DHABI, Emirates Policy Center (EPC) signed Memorandums of Understanding (MoU) to enhance cooperation and deepen partnership with five organisations.

The MoUs were signed with Sorbonne University-Abu Dhabi, the International Crisis Group, the Research Center for People-to-People Diplomacy of the Chinese People’s Association for Friendship with Foreign Countries, the Observer Research Foundation and Newforce Africa.

The signing of the MoUs stems from the EPC’s enthusiasm to build a network of partnerships with prominent, international organisations to facilitate the exchange of knowledge and research expertise.

Dr. Ebtesam Al Ketbi, EPC president, hailed the signings, stating that these partnerships have contributed greatly to the progress and success EPC has achieved so far.

The signing ceremony took place at the Emirates Palace on the evening before the inauguration of the fifth annual Abu Dhabi Strategic Debate, organised by EPC.

The debate, which will be held over a period of two days, will discuss a variety of policy issues, notably the map of international power shifts and its distribution in the ever-changing international system.

Source: Emirates News Agency

President issues federal law launching ‘RegLab’

ABU DHABI, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a federal law, authorising the UAE Cabinet to grant temporary licenses for the testing and vetting of innovations that utilise future technologies and its applications such Artificial Intelligence (AI).

The law aims at providing a safe test environment for legislation that will govern the use and applications of future technologies, in a step that will support the country’s progress towards its future aspirations and vision.

The study towards developing new legislations will begin with the launch of the RegLab in January 2019. RegLab will be the largest lab designed to proactively anticipate and develop future legislations governing the use and applications of technologies, in a bid to achieve regional and global leadership in recruiting and attracting innovations and advanced technology applications such as self-driving vehicles, artificial intelligence in health, and Dimensions in various fields.

The lab will create a reliable and transparent legislative environment, introduce new legislation or develop existing legislation, regulate the work of advanced technologies products and applications, encourage investment in future sectors by providing a secure legislative environment, supporting the goals of the UAE vision 2021 and UAE Centennial 2071.

The legislation lab will work closely with lawmakers from federal and local government authorities as well as the private sector and business leaders to develop legislations governing vital future sectors impacting humanity, and support UAE role as a global incubator of innovations and creative projects.

Source: Emirates News Agency

ADNOC, Wanhua Chemical Group sign new long term LPG sales contract

SHANGHAI, The Abu Dhabi National Oil Company (ADNOC) announced, today, it has concluded a new long-term Liquefied Petroleum Gas (LPG) sales agreement with Wanhua Chemical Group of China.

Under the terms of the 10-year contract, Wanhua will purchase up to 1 million metric tonnes of LPG per annum.

The agreement, which was signed by Abdulla Salem Al Dhaheri, Marketing, Sales and Trading Director at ADNOC and Kou Guangwu, Executive Vice President of Wanhua Chemical Group, represents another important milestone in the expanding relationship between ADNOC and its partners and customers in China.

Commenting on the agreement, Abdulla Salem Al Dhaheri said, “Todays signing, of another important long-term sales agreement with a major end-user of LPG, further reinforces ADNOC’s position as a major supplier of crude oil and petroleum products to the growing economies of Asia. At ADNOC, we remain committed to achieving the best commercial value from our products, expanding our client base and penetrating new markets, through a combination of both short and long term sales and trading opportunities.”

In line with its strategy to maximise value from its downstream refining, petrochemical and gas processing operations, ADNOC produces up to 10,500,000 metric tonnes per year of LPG. This is sold both locally in the UAE and internationally.

Kou Guangwu, Executive Vice President of Wanhua Chemical Group said, “Wanhua Chemical Group is government owned but also publicly listed on the Shanghai Stock Exchange. The company has investment grade credit ratings from Moody’s, S&P and Fitch Ratings. Wanhua is one of the world’s leading chemical companies and the largest user of LPG in China. Through this long term supply agreement, we look forward to strengthening our strategic partnership with ADNOC. We will continue working on potential collaborations between our companies, either in China or in the UAE, to add more value to the ‘One Belt One Road’ project.”

Wanhua Chemical is the world’s largest MDI producer and the biggest TDI supplier in Europe. It operates a world-scale, advanced C3/C4 petrochemical industrial chain in China, as well as high value added specialty chemical clusters.

LPG is the main feedstock for Wanhua petrochemical units, with consumption demand of up to 6 million tons per annum projected by 2021. Wanhua owns the world largest LPG underground cavern storage with total capacity of 2.4 million CBM as well as excellent port conditions with two 50K DWT dedicated VLGC berths.

Source: Emirates News Agency