MENAFN - Khaleej Times
UAE - It's time for business
(MENAFN - Khaleej Times) Capital Club Dubai is striving towards a broad roster of companies including global, regional and local of both small and medium enterprises (SMEs) and established heavy weights, its senior official says.
The premier private business club, which was established in the heart of DIFC five years back, sees significant growth opportunities for its members in new year following a successful bid to host World Expo 2020 in Dubai. It is confident of growing business activities in the wake of positive economic indicators and teaming up with interesting partners in 2014 to further enhance the current membership offering.
"Naturally, given the successful Expo announcement, in 2014 we will be focusing on business and enabling opportunities for members to exchange ideas and engage with each other. We like to think that we are like a physical LinkedIn," Emma Cullen, general manager of Capital Club, told Khaleej Times in an interview.
The invitation only club, which is going to celebrate its sixth anniversary in April, is exclusively designed to meet the demands of those from the top echelons of business, finance and government. Currently, the club has over 1,500 members drawn from the leading businesses in the region and plans to make the business events more topical.
"The successful bid was an outstanding achievement for Dubai, but also for the region. With the workforce expected to grow in excess of 270,000, we, the club will be a space that helps facilitate relationships and business opportunities through a diverse calendar of events," she said.
In the Capital Club, memberships are offered in a number of categories including corporate membership, individual membership, non-resident corporate membership, non-resident individual membership and diplomatic membership. Some plans are on cards to enhance the current membership offering and focus will be on growing SME segment in the country.
"In 2013, we saw an additional 290 members join the club compared to 220 in last year. A good sign in addition to the growth is a reduction in resignations, an issue during the financial crisis. We hope to see a continuation of this upward swing in 2014," she said.
A business platform
Cullen said non-resident members represent about 15 per cent of total the members with a trend on the increase from 2012. "We have seen our resident members travel more for business as well and utilise the reciprocal club network to its full advantage. We find that the club lends itself to non-residents and visitors as it provides the right environment for business meetings."
"We want to provide a platform to our members to explore the business opportunities at the club's redesigned event calendar. The particular emphasis will be placed on fostering the SME segment through breakfast events," she said.
Elaborating, she said the club hosts many events that provide a unique platform for interaction between members.
"We work with a number of business groups and smaller business orientated bodies who support entrepreneurs and SME's locally, in the emirate and globally. This includes our Young Executive Committee, the Young Presidents Organistation (YPO), the Young Arab Leaders (YAL), Entrepreneurs Organisation, plus numerous Alumni's."
In January, the club is continuing it's effort to foster SME's with two events, the first is in conjunction with 'Fit For Business' and will be an ongoing breakfast series featuring speakers who give insight to start-ups on how to navigate different areas of developing their skills and business. The second event is in conjunction with Cass University and will be centred around a panel of regional business experts speaking about the 'importance of technology in SME financing'.
"2014 is all about bringing business opportunities to our members - whereas 2013 had a more social orientation. We believe the January line up of events set the tone for the balance of the year and our events committee help lead us on sourcing topical discussion points and industry experts that stimulate the membership and helps us in industries we wish to grow."
She said the club's primary goal is to connect members both in a social and business related context.
"We have a busy and diverse calendar to suit our member's needs, typically every week has something planned with some weeks a blend of both social and business events. We pride ourselves in striving towards a broad roster of companies - including global, regional and local of both SMEs and established heavy weights."
To a question about the club's role in promoting business in Dubai, she said Capital Club has been central to the greater Dubai business community since its opening in 2008. "As a fine business club, we cannot comment on the specifics of whom or what business is conducted, however a large percentage of our members form the driving force behind growth and key decision making in the region," she said.
"There is no doubt some significant business transactions have been forged in the history of the Club. The percentage of members in the financial industry is one of our highest sectors at 32 per cent so it's natural that a majority of our networking and events center on the finance industry," Cullen added.
About the available business related facilities to members, she said the club has 40,000 square feet of space, over four floors.
"We have four dining outlets, a boutique fitness centre, four well appointed bedrooms for members and guests and 13 meeting rooms," Cullen concluded.
MENA News Headlines
|Mar 12 2014||ME airlines to post USD2.2b profit in 2014 ,MENAFN|
|(MENAFN) The International Air Transport Association (IATA) said that airlines in the Middle East are expected to register a combined profit of USD2.2 billion this year, Arabian Business ...|
|Mar 12 2014||Qatar's Ezdan buys over 20 percent of IHG shares ,MENAFN|
|(MENAFN) Qatar"s Ezdan Holding said that it has purchased over 20 percent of Islamic Holding Group (IHG) shares, The Peninsula Qatar reported.
Chairman of Ezdan Holding Group said: "Acquiring such ...|
|Mar 12 2014||FCC wins USD701m Doha Metro contract ,MENAFN|
|(MENAFN) FCC announced that it won a USD701.5 million contract to build a section of Doha Metro red line, The Peninsula Qatar reported.
The consortium led by FCC also includes Archirodon from ...|
|Mar 12 2014||Emirates launches Boston flight ,MENAFN|
|(MENAFN) UAE-based Emirates has launched a non-stop flight to Boston, US, Khaleej Times reported.
Emirates airline president said: This is a fantastic day for Emirates. We are so pleased to be ...|
|Mar 12 2014||UAE's Etisalat signs agreement with Tata ,MENAFN|
|(MENAFN) UAE's Etisalat has announced the signing of a partnership agreement with Tata Communications that will focus on media and communication vertical segment, according to the Emirates ...|
|Mar 12 2014||Dewa invests USD14b in energy-efficiency projects ,MENAFN|
|(MENAFN) UAE-based Dewa managing director and chief executive said that the authority has an estimated investment of USD14.1 billion in energy-efficiency projects and actively promotes conservation, ...|
|Mar 12 2014||US firm Hill to recover USD10 m of Libyan debt ,MENAFN|
|(MENAFN) US construction management firm Hill International has now recovered USD10 million of USD60 million invoice owed for work in conflict-ridden Libya, the company said as it announced its 2013 ...|
|Mar 12 2014||Getafe confirm Contra as new coach ,Kora|
|(MENAFN - Kora) Garcia lost his job after a run of 12 La Liga matches without a win left the side precariously placed just one point above the bottom three.
A matter of hours after announcing his ...|
|Mar 12 2014||Dubai's Arabtec to build million home in Egypt ,MENAFN|
|(MENAFN) Dubai-based Arabtec plans to build one million homes in Egypt in a USD40 billion deal that is expected to open the doors to a politically-inspired Gulf investment, according to Arabian ...|
|Mar 12 2014||La Liga Wrap: Strugglers Rayo, Malaga pick up valuable away wins ,Kora|
|(MENAFN - Kora)
In an action-packed affair at Anoeta, the hosts took the lead after just two minutes when Inigo Martinez headed home a dangerous inswinging delivery from Ruben Pardo.
Their lead ...|
|Mar 12 2014||Seedorf upbeat over Milan chances ,Kora|
|(MENAFN - Kora) Seedorf's men face a stiff task at Vicente Calderon on Tuesday after suffering a 1-0 defeat in the first leg of their last-16 tie at San Siro last month.
Milan occupy a mid-table ...|
|Mar 12 2014||UEFA Europa League Preview: AZ v Anzhi ,Kora|
|(MENAFN - Kora) Owner Suleyman Kerimov withdrew the majority of his funding from Anzhi last year, leading to a mass exodus of players that saw them slide down the Russian Premier League table.
|Mar 12 2014||JD.com valued at USD20 b in IPO ,MENAFN|
|(MENAFN) An initial public offering (IPO) has been proposed for JD.com, the Chinese ecommerce site backed by Saudi Arabia's Prince Alwaleed bin Talal, at USD20 billion worth in the second quarter of ...|
|Mar 12 2014||Championship Wrap: Reading stun Leeds, Blackpool end barren streak ,Kora|
|(MENAFN - Kora) Exactly a year to the day since his departure from Reading, McDermott watched his Leeds side follow up Saturday's 5-1 home thrashing at the hands of Bolton Wanderers with another poor ...|
|Mar 12 2014||Schumacher showing 'small, encouraging' signs ,Kora|
|(MENAFN - Kora) The seven-time Formula One world champion has been in a medically induced coma for over two months after suffering head trauma in a skiing accident on December 29.
Last week, it ...|
|Mar 12 2014||Pillay Urges Halt to Attacks Targeting Civilians ,Qatar News Agency|
|(MENAFN - Qatar News Agency) UN High Commissioner for Human Rights Navi Pillay expressed deep concern on Tuesday that civilians in South Darfur, Sudan, have been bearing the brunt of recent attacks. ...|
|Mar 12 2014||Libyan PM Zeidan Dismissed as Oil Tanker 'Breaks Blockade' ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Libya's parliament has dismissed Prime Minister Ali Zeidan after a tanker laden with oil from a rebel-held port reportedly broke through a naval blockade. MPs called a ...|
|Mar 12 2014||Bulgaria's President : Great Prospects for Further Cooperation with Qatar ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Bulgaria's President Rosen Plevneliev said that there is a great prospect for further cooperation between his country and the State of Qatar in various fields. Speaking ...|
|Mar 12 2014||Nsour:Israel Apologizes Over Zeiter Killing ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Israel has officially apologized for the killing of Jordanian judge Raed Zeiter who was shot dead by Israeli soldiers on Monday after he had crossed the King Hussein ...|
|Mar 12 2014||Israeli Airstrike Kills 3 Palestinians in Southern Gaza ,Qatar News Agency|
|(MENAFN - Qatar News Agency) An Israeli airstrike killed three Palestinians in the southern Gaza Strip on Tuesday, an official said.
Gaza Ministry of Health spokesman Ashraf al-Qidra said that ...|