Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
Furthermore, the company also launched its first-of-a-kind, world's largest built-in type washing machine at 7.5-kg capacity.
Available in 6 models (10-kg) and 8 models (7.5kg), the new ergonomically-designed range includes the patented Bigwash 4D (digital detergent dissolving device) feature, has the largest capacity as compared to standard sizes, and requires a washing time of 98 minutes, which is also the shortest required-time in the world, for normal cotton wash programmes.
"The launch of the world's biggest washing machine, equipped with the revolutionary Bigwash4D technology, is a breakthrough for the Middle East's home appliance industry," said Mr. Keun S. Yoo, Senior Manager of the Home Appliance division, Samsung Gulf Electronics.
"Faced with the commitment of developing a washing machine, Samsung dedicated its team of laundry experts to the development of a larger laundry-capacity washing machine. With the launch of the Bigwash 4D, Samsung has now developed a machine that combines Samsung's unique semi-conductor expertise and over 30 years of research.
Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
Companies had select sellers which hurt smaller players, reports find
The CBUAE explained that banks' capital and reserves do not include subordinated borrowings/deposits, but do include the current year's profits
Common queries highlight a broader need for clarity and understanding
Northern emirate has announced several investor-friendly measures
Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
Ties between the world's two most populous nations have been strained