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 i 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
 Feb 8 2016 - Genel and DNO receive US21.5mln for Tawke in January Proactiveinvestors UKProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Oil producer Genel Energy (LON:GENL) has received notification from partner DNO that US$18mln has been paid for oil from the Tawke field in Iraq ro January. A ...

 Feb 8 2016 - Newspaper Briefing: January sales spurt provides relief for retailersProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Proactive Investors Fri The Times January sales spurt provides relief for retailers: The souring economic mood failed to dampen the spirits of consumers who ...

 Feb 8 2016 - SP Angel Morning Oil Gas Genel Energy Union Jack Oil Petroceltic InternationalProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) SP Angel 09:53 Headlines Union Jack Oil* (LON:UJO0.12p)Keddington-5 Extension: Today's news of Keddington-5 is good for the Company as you have to make a ...

 Feb 8 2016 - Yemen's army advances towards Sanaa, officers saySaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 28, 1437, February 07, 2016, SPA - After having tightening its grip over Ghailama region, located in Mahali valley, the Yemeni army, assisted by the ...

 Feb 8 2016 - A fire flares up at Riyadh-based Al-Hammadi hospital efficiently contained by Red Crescent squadsSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 29, 1437, February 08, 2016, SPA - Red Crescent fire extinguishing squads have efficiently put out a fire that flared up at Riyadh-based Al-Hammadi ...

 Feb 8 2016 - Almost 90 of people in southern Syria live in extreme poverty ReportThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) At least 88 percent of families in the southern Syrian provinces of Daraa and Qunaitra are living in extreme poverty due to the ongoing civil war in the ...

 Feb 8 2016 - Citing betrayal some Syrian rebels withdraw from frontThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Syrian rebels in northern Syria have come under an intense week-long bombing campaign by Russian warplanes. The insurgents who also have been trying to hold ...

 Feb 8 2016 - Middle East is Zika-free zone, WHO saysSaudi Press Agency
(MENAFN - Saudi Press Agency) Cairo, Rabi'II 29, 1437, February 08, 2016, SPA - The Middle East office of the World Health Organization (WHO) today announced that the region is considered Zika-free ...

 Feb 8 2016 - Genel and DNO receive US21.5mln for Tawke in JanuaryProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Oil producer Genel Energy (LON:GENL) has received notification from partner DNO that US$18mln has been paid for oil from the Tawke field in Iraq ro January. A ...

 Feb 8 2016 - Saudi PressSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 29, 1437, Feb 8, 2016, SPA - Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. ...

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