INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Ajman Chamber urges members to diversify investments

The ACCI witnessed the signing of a strategic partnership agreement to supply Azerbaijani rosewater to the UAE. (WAM)
  • The Ajman Chamber of Commerce and Industry wants members to increase the volume of intra-trade.
  • The Chamber also wants members to strengthen international relations between business owners in Ajman and their outside counterparts

The Ajman Chamber of Commerce and Industry (ACCI) is intensifying its efforts to encourage investments, increase the volume of intra-trade and strengthen international relations between business owners in Ajman and their outside counterparts.

In this connection, the ACCI witnessed the signing of a strategic partnership agreement to supply rosewater between Lavish Perfumes with Lecheq Farm Distillery, one of the largest natural rosewater production companies in Azerbaijan, to enhance cooperation in the field of essential oils’ production.

Salem Al Suwaidi, Director-General of the Ajman Chamber, and Nasser Al Dhafri, Executive Director of the Member Support and Innovation at the Ajman Chamber, attended the agreement signing at the ACCI headquarters.

Entrepreneur Adel Al Hashemi, Chairman of Lavish Perfumes, and Bakhtiar Herajev, CEO of Lecheq Farm Distillery, signed the agreement.

Elnur Shukurov, Acting Trade Representative at the Embassy of Azerbaijan in the UAE, also witnessed the signing of the agreement.

The agreement stipulates that Lavish Perfumes will represent the Lecheq Farm Distillery to be the leading supplier of rosewater to the UAE and Gulf markets, based on its policy of providing and distributing natural and organic products, under international best practices.

Al Hashemi pointed out that this partnership was crystallized on the need of Gulf Cooperation Council customers for these types of natural products useful in the field of perfumes, cosmetics and medicines.

Through this partnership, Lavish Perfumes will provide large commercial quantities of natural rosewater to retailers and small and medium enterprises (SMEs).

Herajev expressed his happiness at the cooperation with Lavish Perfumes, saying that it will be a pillar for trade efforts in the future and that this agreement was a result of continuous work done by nearly 3,000 people.