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
 Jun 30 2016 - Tennis: Roger Federer ends Willis' Wimbledon fairytaleMuscat Daily
(MENAFN - Muscat Daily) Marcus Willis'' Wimbledon fairytale came to an end against Roger Federer, but the British qualifier''s 6-0, 6-3, 6-4 defeat couldn''t ruin a day to remember for the new star ...

 Jun 30 2016 -  Tough love: psychology of Argentina's Messi relationshipMuscat Daily
(MENAFN - Muscat Daily) Like neurotic parents, Argentines swung from criticism to unconditional love for their star footballer Lionel Messi this week, providing the soccer-mad nation''s many ...

 Jun 30 2016 -  Cricket: Anil Kumble takes charge with eye on bowlersMuscat Daily
(MENAFN - Muscat Daily) Anil Kumble thinks a year - and 17 Test matches - is enough for India to make its mark on all three formats of cricket. Kumble''s one-year contract as coach of the national ...

 Jun 30 2016 - Golden age Hollywood starlet Olivia de Havilland turns 100Muscat Daily
(MENAFN - Muscat Daily) Paris- Screen legend Olivia de Havilland, who turns 100 on Friday, is the last surviving star from "Gone with the Wind" and one of the last great stars of ...

 Jun 30 2016 - Obama to campaign with Clinton, Trump shrinks gapMuscat Daily
(MENAFN - Muscat Daily) Washington- President Barack Obama will campaign with presumptive Democratic White House nominee Hillary Clinton for the first time next Tuesday, as a new poll shows a ...

 Jun 30 2016 - New York's Empire State Building to go dark for TurkeyMuscat Daily
(MENAFN - Muscat Daily) New York- New York''s famed Empire State Building will go dark on Wednesday in tribute to the 41 people killed and 239 wounded in a suicide attack at Istanbul''s main ...

 Jun 30 2016 -  Brazil has 'total confidence' in Olympics securityMuscat Daily
(MENAFN - Muscat Daily) Rio de Janeiro- Brazil has "total confidence" that it can ensure security for more than half a million tourists and athletes attending the Rio Olympics this August, ...

 Jun 30 2016 -  Eight killed as fire guts pharmacy in IndiaMuscat Daily
(MENAFN - Muscat Daily) Mumbai- Eight people were killed when a fire gutted a pharmacy in India''s financial capital Mumbai on Thursday, police said. One other person was seriously injured in the ...

 Jun 30 2016 -  Engine failure, errors by crew led to deadly Taipei crash: reportMuscat Daily
(MENAFN - Muscat Daily) Taipei - A plane crash in Taiwan that killed 43 people when a passenger jet plunged into a river was caused by engine failure and flight crew errors, a damning final ...

 Jun 30 2016 - NY entrepreneur swapping start-ups for charityMuscat Daily
(MENAFN - Muscat Daily) New York- After making millions before turning 40, a New York-based entrepreneur is dreaming of transforming charitable giving by bringing his start-up stardust and ...

more...


 





Google

 
 

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