Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Al Yousuf GreenTech and UNB launch "Green Loan"  Join our daily free Newsletter

MENAFN - Khaleej Times - 28/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The company did not disclose the rate of interest for this lending facility but claimed that monthly instalment would be lower than the monthly savings on utility bills.

from left: eqbal al yousuf d y kim and mohammed zein at the launch of green loan. the service would offer tailor-made solutions to clients on the wide-range of energy efficient products from globally renowned brands offered by agt. — supplied photo

al yousuf greentech or agt joined hands with the union national bank (unb) to launch the first-of-its-kind ‘green loan’ in the region. the service would offer tailor-made solutions to clients on the wide-range of energy efficient products from globally renowned brands offered by agt.

the company did not disclose the rate of interest for this lending facility but claimed that monthly instalment would be lower than the monthly savings on utility bills. there will be up to 85 per cent saving on power consumption agt top officials added.

there is a big potential for this new loan facility as the project cost will be recovered within three years al yousuf group president eqbal al yousuf told khaleej times at the news conference.

al yousuf said agt started operations a year ago and it has done a lot of projects. “we never had seen any project that took more than three years to recover the cost.”

agt provides end-to-end building and home automation solutions from designing and installation to after-sale service using exceptional energy-saving solutions. agt’s product portfolio ranges across a wide-range of indoor and outdoor led lights efficient air-conditioners solar lights light sensors and accessories.

providing some statistics he said it is estimated that there are around 85 million lights in the uae. there is a 15 per cent growth per annum he said adding that conventional lights lifecycle is three years so there is a significant replacement as well.

“it’s good there is a lot of requirements in the market but unfortunately there is a lot of ignorance in the market. the new legislation will force people to understand it” he added. under the new legislation no one will be allowed to sell conventional lights in the country.

commenting on the launch of the green loan al yousuf said: “we strongly believe in bringing the most high-quality cost-efficient and energy-saving solutions to our customers. and through the green loan service our customers would be able to witness a drastic saving right from the time of installation. it is an unfailing solution to ensure optimum efficiency and saving for our customers.”

lg electronics is among the leading global brands that agt is associated with bringing its high-quality innovative lighting and electrical range to the customers.

“with lg’s reputable and high-quality products unb’s regional and financial expertise and our established leadership in design and implementation this would be a highly profitable partnership for all” he added.

mohammed zein svp & head of corporate business group unb: “union national bank will be able to help the customers attain the energy efficiency milestones that will help them reduce energy use save money and make a positive impact on the environment while also improving the quality of their lives now and for many years to come.”

speaking at the launch of the green loan d y kim president of lg electronics gulf said: “we share a long standing and highly-successful partnership with al yousuf group. they offer us the right synergy in our ideas and business philosophy. we are pleased to see this partnership strengthen further to agt’s innovative scheme’s to offer more in cost-saving to customers.”


 


Khaleej Times




  MENA News Headlines
 May 29 2015 - Palestinian Man Dies of WoundsQatar News Agency
(MENAFN - QNA) Palestinian medical sources announced the death of a 55- year-old Palestinian man Said Annadi from Jabalia refugee camp in the northern Gaza Strip of serious wounds suffered in the ...

 May 29 2015 - Syrian opposition groups take over Idlib from gov't forcesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A group of Syrian opposition groups have assumed control of the town of Ariha in the northwestern Idlib province after fierce fighting with government forces, ...

 May 29 2015 - Qatar announces death of coronavirus-infected nationalKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Supreme Council of Health (SCH) has announced that the death of a 73 year-old national after being infected by the Middle East respiratory syndrome ...

 May 29 2015 - Twin blasts rock "tightly guarded" Baghdad hotels: 10 killed, 28 woundedKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) At least 10 people have been killed and another 28 wounded in dual explosions that hit two hotels in Baghdad.An explosives-strapped car drove through the Sheraton ...

 May 29 2015 - Bahrain announces arrest of terror suspectKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Bahraini Interior Ministry announced Thursday the arrest of a fugitive terrorist and the confiscation of a large quantity of weapons in a warehouse in ...

 May 29 2015 - EU seeks stronger energy cooperation with GCC - officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A top EU energy official has stressed that the 28-member European bloc is keen in boosting its energy cooperation with the six-member Gulf Cooperation Council ...

 May 29 2015 - UN has failed to protect civilians in conflicts - Ambassador Al-OtaibiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Disputes among UN permanent member states is aggravating civilians' suffering and causing violations of human rights, said Kuwait's Permanent Delegate to the UN ...

 May 29 2015 - His Highness the Amir of Kuwait congratulates Nepal on National DayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Thursday a congratulatory cable to the President of the Federal Democratic Republic of Nepal ...

 May 29 2015 - Kuwaiti FM meets visiting counterpartsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) First Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Khalid Al-Hamad Al-Sabah met with Turkmenistan's Deputy Prime Minister and Foreign ...

 May 29 2015 - His Highness the Kuwaiti Amir congratulates Ethiopia on National DayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Thursday a congratulatory cable to President of the Federal Democratic Republic of Ethiopia ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help