MBI International - News Feedhttp://www.google.xonmumbraco 3.0.4RSS Feed of the lastest news from the MBI International & Partners groupenMBI Al Jaber Foundation to Support Bloomsbury Research Institutehttp://www.google.xonm/mbi-news/mbi-al-jaber-foundation-to-support-bloomsbury-research-institute@updateDatehttp://www.google.xonm/mbi-news/mbi-al-jaber-foundation-to-support-bloomsbury-research-institute The MBI Al Jaber Foundation has announced a significant donation to the Bloomsbury Research Institute.

The Bloomsbury Research Institute is a partnership between UCL and the London School of Hygiene & Tropical Medicine, creating a centre of excellence for research in public and global health, and bringing together a unique range and depth of expertise.

The Institute is located in the heart of London at a new state-of-the-art building with the latest laboratory technology. It will house more than 200 leading scientists from around the world whose research will help accelerate the development of new treatments, vaccines and diagnostics for major global killers - TB, HIV and Malaria, as well as tropical diseases and emerging microorganisms such as Zika, MERS and SARS. Experts will also contribute to international efforts to address antibiotic resistance and development of new antimicrobials.

Leading microbiologist Professor Sharon Peacock, the Director of the Bloomsbury Research Institute, welcomed the gift saying, "The innovative research and development at the Bloomsbury Research Institute will accelerate the understanding and treatment of infectious diseases, with the potential to save millions of lives worldwide. We are grateful for this generous gift and will be naming a teaching area of the Institute in recognition."

The generous gift to the Bloomsbury Research Institute by Sheikh Mohamed Bin Issa Al Jaber follows earlier capital donations to SOAS, the University of Westminster and Corpus Christi College, Oxford. The MBI Al Jaber Foundation has also funded many scholarship programmes for students from the Middle East to study in the UK and Europe, and is a major contributor to the UNESCO Euro-Arab Dialogue Initiative. The latest gift to UCL and the London School of Hygiene and Tropical Medicine comes at an important moment in the lead up to UCL launching one of Europe's largest fundraising campaigns later this year.

Sheikh Mohamed Bin Issa Al Jaber, patron and sole benefactor of the MBI Al Jaber Foundation, said: "It gives me great pleasure to support the Bloomsbury Research Institute. The cutting-edge research conducted at the Institute is essential for the improvement in prevention and control of infectious diseases, as well as training the next generation of scientists to continue this important work."

 

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The Wealthy Should Bring Their Assets Back Onshorehttp://www.google.xonm/mbi-news/the-wealthy-should-bring-their-assets-back-onshore@updateDatehttp://www.google.xonm/mbi-news/the-wealthy-should-bring-their-assets-back-onshore In an article in the Financial Times published on 13 April, Sheikh Mohamed Bin Issa Al Jaber called for wealthy people to bring their assets back onshore.

The article explained that Sheikh Mohamed was urging his fellow billionaires to bring their wealth back onshore. Sheikh Mohamed wound up his offshore trusts and brought his money onshore some years ago and now holds just a few remaining offshore assets.

Sheikh Mohamed said, “For me it makes business sense” to have his assets in the UK, following the unprecedented leak of documents from the Panamanian law firm Mossack Fonseca which highlighted the widespread use of offshore trusts to house wealth.

“I think a lot of people will follow,” Sheikh Mohamed added. “Here [in the UK] you have the power of the state behind you and a guarantee of stable systems, as well as the rule of law and good governance.”

Sheikh Mohamed, the founder and chief executive of MBI Group, said there was also a compelling strategic reason for his shift. Consolidating assets in London provides a “competitive advantage”, he said. “I think it is cheaper in the long term. My people think it is a saving” he added.

He made it clear that for him it was important to be seen acting within the spirit and letter of the law, especially his track record of activism in the Gulf, where he has frequently called for improved taxation. “I have been demanding a tax regime within the Gulf states for the past 15 years, something my business friends say I am crazy to do. But it is one way to save the state and bring rewards to you and your children. It galvanises against corruption — and is the way to accountability.”

Sheikh Mohamed’s view was supported by Richard Ross, philanthropist and chairman of the Rosetrees Trust, which funds medical research. “No one likes paying tax but it is a necessary evil,” he said. “It took 30 years for the antismoking campaign to become really effective. Surely guidance to lawyers, accountants and bankers should stop those wanting to pay no tax in the foreseeable future.”

One British billionaire, who wished to remain anonymous, said he had never sought to place his assets offshore. “I am of the view if you are lucky enough to be born in Britain then you should pay your taxes in Britain, and it should not be an option,” he said. “Lawmakers need to say that you can’t go to places like Monaco or you can’t do this if you’re born in Britain. End of story.”


http://www.ft.com/cms/s/0/9ec967f0-00a2-11e6-99cb-83242733f755.html

 

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Mohamed Bin Issa Al Jaber: Crossing the Dividehttp://www.google.xonm/mbi-news/mohamed-bin-issa-al-jaber-crossing-the-divide@updateDatehttp://www.google.xonm/mbi-news/mohamed-bin-issa-al-jaber-crossing-the-divide Sheikh Mohamed Bin Issa Al Jaber talks to Philanthropy Age Magazine about the importance of education in building bridges between the Middle East and the wider world.

The interview focuses on Sheikh Mohamed’s belief in how critical a factor education is for the Middle East if it is to foster understanding in its own communities and bridge the gap with the West and on the power of education for global good.

Philanthropy Age Magazine is the leading source of philanthropic news, views, trends, and analysis for the Middle East, North Africa and South Asia (MENASA) with the goal of encouraging thoughtful giving in MENASA’s growing and influential philanthropic sector.

http://www.philanthropyage.org/2015/06/02/mohamed-bin-issa-al-jaber-crossing-divide/

This edition of Philanthropy Age can be viewed in full here.

 

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Sheikh Mohamed Bin Issa Al Jaber on the Sunday Times Super-Rich List 2014http://www.google.xonm/mbi-news/sheikh-mohamed-bin-issa-al-jaber-on-the-sunday-times-super-rich-list-2014@updateDatehttp://www.google.xonm/mbi-news/sheikh-mohamed-bin-issa-al-jaber-on-the-sunday-times-super-rich-list-2014 Founder, Chairman and CEO of MBI International, Sheikh Mohamed Bin Issa Al Jaber, is now listed – along with his family – at #13 on the Sunday Times Super-Rich List.

On the 11th May 2014, the Sunday Times released their first ‘Super-Rich List’ dedicated to Britain’s billionaires. H.E Sheikh Mohamed Bin Issa Al Jaber is positioned at #13, making him the top-ranking Arab on their List.

The Sunday Times, which has been calculating the wealth of both home grown citizens and prominent business people operating in the UK for the last 26 years, has, for the first time, had to separate the so-called ‘Super-Rich’ (that is, Billionaires) from their usual ‘Rich List’. The ‘Super-Rich’ List also revealed that London now has the biggest concentration of billionaires compared to any other city in the world.

Sheikh Mohamed was also cited by the Sunday Times as being the 5th biggest riser in annual wealth (with a reported increase of £1.645bn from 2013) as well as having one of the top ten fastest growing fortunes in the UK.

More information on the Sunday Times Super-Rich List can be found here.

 

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Forbes Insights: 2014 BNP Paribas Individual Philanthropy Indexhttp://www.google.xonm/mbi-news/forbes-insights-2014-bnp-paribas-individual-philanthropy-index@updateDatehttp://www.google.xonm/mbi-news/forbes-insights-2014-bnp-paribas-individual-philanthropy-indexGulf Business: World’s Most Powerful Arabs In Real Estatehttp://www.google.xonm/mbi-news/gulf-business-world’s-most-powerful-arabs-in-real-estate@updateDatehttp://www.google.xonm/mbi-news/gulf-business-world’s-most-powerful-arabs-in-real-estateNew MBI Al Jaber Building Featured in The Timeshttp://www.google.xonm/mbi-news/new-mbi-al-jaber-building-featured-in-the-times@updateDatehttp://www.google.xonm/mbi-news/new-mbi-al-jaber-building-featured-in-the-times Sheikh pledges £1 million to London institute

A Saudi businessman has promised £1 million to the University of London to pay for the relocation of its London Middle East Institute to an historic building in Bloomsbury.

The donation to the School of oriental and African Studies (SOAS) is one of several contributions made by Sheikh Mohamed Bin Issa Al Jaber, a philanthropist and founder of MBI Group, a conglomerate with interests in the finance, food and oil and gas industries that has assets worth more than £5 billion.

Recent research from the London Middle East Institute has examined the results and prospects of the Arab Spring, and the role of the media in social, cultural and political change in the Middle East.

Sheikh Al Jaber said: “When I started the foundation, it was to give talented Scholars from the Arab world freedom of opportunity to shape their own futures, and that of their communities, countries and the region. Education is the catalyst for improved mutual understanding and I am proud to be the founding patron and donor of the LMEI, which has unrivalled intellectual capital and expertise on the Middle East region.”

 

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London Middle East Institute Finds New Home In The MBI Al Jaber Building, SOAS, Thanks To Support From The MBI Al Jaber Foundationhttp://www.google.xonm/mbi-news/london-middle-east-institute-finds-new-home-in-the-mbi-al-jaber-building-soas-thanks-to-support-from-the-mbi-al-jaber-foundation@updateDatehttp://www.google.xonm/mbi-news/london-middle-east-institute-finds-new-home-in-the-mbi-al-jaber-building-soas-thanks-to-support-from-the-mbi-al-jaber-foundation Funding strengthens largest centre of Middle Eastern expertise in Europe.

SOAS, University of London, is to receive a gift of £1 million from the MBI Al Jaber Foundation, the London-based charitable foundation promoting better understanding between the Middle East and the wider world through education and culture.

This new funding will enable the relocation of the London Middle East Institute to a prestigious and more accessible new home at 21 Russell Square, which is a distinguished historic building adjacent to the vibrant SOAS Bloomsbury precinct. To be named the MBI Al Jaber Building, this new location expands the LMEI’s facilities to include an integrated conference room for seminars and events. Recent research from the Institute has examined the results and prospects of the Arab Spring, and the role of media in social, cultural and political change in the Middle East. The funding will also support SOAS’ Centenary Fundraising Campaign, which will celebrate the institution’s first 100 years in 2016.

His Excellency Sheikh Mohamed Bin Issa Al Jaber is a long-standing supporter of SOAS and the £1 million gift is the most recent in a series of substantial donations. The Foundation’s support dates back to the 1990s and includes a significant number of Master’s level scholarships, as well as supporting academic activities and an endowment. HE Sheikh Mohamed is the sole Founding Patron and Donor of the London Middle East Institute (LMEI) at SOAS, and endowed the post of the LMEI Director.

Commenting on why he had chosen to increase his support for SOAS and the LMEI, HE Sheikh Mohamed Bin Issa Al Jaber said: “When I started the Foundation, it was to give talented scholars from the Arab world freedom of opportunity to shape their own futures, and that of their communities, countries and the region. SOAS was then the obvious choice to support as it is an extraordinary academic environment where East and West learn about each other through transformational cultural dialogue. Education is the catalyst for improved mutual understanding and I am proud to be the Founding Patron and Donor of the LMEI, which has unrivalled intellectual capital and expertise on the Middle East region.

“My hope is for this gift to enable the LMEI to flourish in its new home and welcome many more students, researchers, government organisations, media and business people from around the world to engage in its activities and increase their understanding of the Middle East and North Africa.”

SOAS Director, Professor Paul Webley said: “His Excellency Sheikh Mohamed Bin Issa Al Jaber has been an acclaimed and generous funder of education for many years and SOAS is extremely fortunate to be able to call him a hugely valued friend and supporter. We are very grateful for his continued support of the LMEI and its work to promote deeper understanding of the Middle East in the wider world.”

LMEI Director, Dr Hassan Hakimian said “Taking up prime physical space in an historic part of central London is a major boost to the LMEI’s unrivalled intellectual capital and expertise on the Middle East. At a time when our region is a focal point of public and academic interest globally, this support from our founding patron and donor recognises the importance of our work. The donation enables us to plan ahead and prepare for the next decade and to continue to contribute to the educational and academic needs and the challenges of the MENA region in a unique way.”

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Arabian Business Rich List 2013: Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-rich-list-2013-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-rich-list-2013-mohamed-bin-issa-al-jaberH.E. Sheikh Mohamed Bin Issa Al Jaber made Senator of MODUL Universityhttp://www.google.xonm/mbi-news/he-sheikh-mohamed-bin-issa-al-jaber-made-senator-of-modul-university@updateDatehttp://www.google.xonm/mbi-news/he-sheikh-mohamed-bin-issa-al-jaber-made-senator-of-modul-university Prominent UK philanthropist His Excellency Sheikh Mohamed Bin Issa Al Jaber, has been awarded a Senatorship by MODUL University in recognition of his longstanding support for education, cultural dialogue, peace and human rights.

Patron of London registered charity, the MBI Al Jaber Foundation, Sheikh Mohamed has led efforts to build bridges between the Middle East and wider world for more than two decades, using education as the catalyst for change and promoting peace through cultural dialogue. The MBI Foundation’s global scholarship programme gives promising students from the Arab world a chance to continue their higher education in some of the world’s best academic institutions, including MODUL, the internationally renowned university in Vienna that focuses on the hospitality trade, public governance and sustainable development.

Conferring the award of Senator of MODUL University on His Excellency Sheikh Mohamed Bin Issa Al Jaber, President of MODUL University Professor Karl Wober said: “Our University is breaking new ground, as the title of Senator ‘the highest award conferred by MODUL University’ is being awarded for the first time. His Excellency was among the first to support MODUL University and his activities are congruent not only with the academic and cultural visions of the University, but with deeper undercurrents of humanism and philanthropy in history as well. Without the crucial role played by His Excellency and the MBI Foundation during the founding phase of the university in 2007, this project might never have taken off.

Professor Wober also shared a statement by Fahmia Al Fotih, a young female Yemeni who is amongst the many hundreds of young people from across the Middle East who have studied with the help of the MBI Foundation. “This statement shows how much His Excellency’s intent of enabling people to define their future and MODUL University’s values and its slogan ‘Expanding Horizons’ have in common. Fahmia says, reflecting on her upbringing: ‘Girls traditionally had to focus on their “natural and main duties” that would prepare them to be good housewives. Therefore, as a child, I have never imagined a world existed beyond my small village or that one day I would go beyond the borders of my country!’ ”

Mohamed Ahmed Yehia from Egypt was one of the first students to benefit from the MODUL scholarship programme, and today holds a prominent role within the Egyptian tourism ministry as Cabinet Member of the Tourism Minister. Mohamed said:

“The scholarship made my studies at MODUL possible. It opened my eyes to a wider world, and the contacts I made through it have proven invaluable in my career. Tourism is crucial to the Egyptian economy, with millions of jobs depending upon those who come to enjoy the cultural heritage of Egypt and the natural wonders of the Red Sea. Now we are promoting Egypt through our Papyrus festival and new YouTube channel. These initiatives are based on ideas I developed while at MODUL University, and are helping to change perceptions of the Middle East for the better. The scholarships provided by Sheikh Mohamed over the last two decades, particularly those within the hospitality industry, will help rebuild that cultural dialogue through education and through the forging of commercial links."

“I am very pleased to receive this honour from MODUL,” says H.E. Sheikh Mohamed. “Yet my greatest satisfaction comes from seeing the rewards that investing in the education of young people can yield. Every life – regardless of background or gender – has equal value. Everyone should have the freedom and opportunity to shape their own destiny. To be in the privileged position where I am able to give something back is, for me, perhaps the single most important measure of success.”

 

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The MBI Al Jaber Foundation Supports the work of Human Rights Watch in the Arab Worldhttp://www.google.xonm/mbi-news/the-mbi-al-jaber-foundation-supports-the-work-of-human-rights-watch-in-the-arab-world@updateDatehttp://www.google.xonm/mbi-news/the-mbi-al-jaber-foundation-supports-the-work-of-human-rights-watch-in-the-arab-world H.E. Sheikh Mohamed Bin Issa Al Jaber, Founder and Chairman of the MBI Al Jaber Foundation has signed an agreement with Kenneth Roth, Executive Director of Human Rights Watch, in the presence of Sarah Leah Whitson, Director of Human Rights Watch’s Middle East and North Africa Division, in order to support the work of Human Rights Watch in the area of civil society in the Arab world, with particular reference to the cause of human rights in Arab countries in transition.

 

The MBI Al Jaber Foundation is committed to supporting the strengthening of civil society across the Arab world. For more than a decade the Foundation has sponsored civil society training programmes in the region, and this collaboration with Human Rights Watch, which was formalised in 2012, is within the broader context of the Foundation’s work in the three key areas of education, cultural dialogue, and citizenship and good governance.

For more information on Human Rights Watch:
www.hrw.org

 

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JJW Hotels and Resorts to Take Over Management of Le Meridien Peninahttp://www.google.xonm/mbi-news/jjw-hotels-and-resorts-to-take-over-management-of-le-meridien-penina@updateDatehttp://www.google.xonm/mbi-news/jjw-hotels-and-resorts-to-take-over-management-of-le-meridien-penina Normal 0 false false false EN-GB X-NONE X-NONE

JJW Hotels and Resorts has today announced that it will take over the management of Le Meridien Penina with effect from October 1, 2013.

The hotel has been managed by the Starwood Group and operated as Le Meridien Penina since 2005. Starwood Group and JJW Hotels and Resorts have now mutually agreed to transfer the management of the hotel to JJW Hotels and Resorts. With effect from October 1, 2013, the hotel will be rebranded as the Penina Golf Resort.

Sheikh Mohamed Bin Issa Al Jaber, Founder and Chairman of JJW, said: “The Penina Golf Resort is a very special hotel with a unique place in the history of the Portuguese Algarve. JJW Hotels and Resorts will work hard to preserve and celebrate that heritage and ensure our loyal guests return to the Penina Golf Resort year after year.”

The move comes 25 years after JJW Hotels and Resorts’ owner, Sheikh Mohamed Bin Issa Al Jaber, first began investing in the Portugese Algarve region.

Sheikh Al Jaber continued: “From my first business dealings in the Algarve in the late 1980s, I have been impressed by the beauty and the culture of the country, the warmth and hospitality of the people. The Algarve represents a key part of my strategy for the growth and development of the JJW Hotels and Resorts brand and I remain very committed to my existing and future investments in the region.”

Details of the plan to grow the JJW Hotels and Resorts brand in Portugal will be unveiled in the near future.

In the beginning of this year JJW Hotels and Resorts made an equity investment of 100M Euros in the local economy, which secures the continued employment of 600 local people.

The original five star hotel in Portugal’s Algarve, the Penina Golf Resort boasts the region’s largest private swimming pool, a nearby airstrip suitable for small aircraft and a private beach area, in addition to two 18-hole golf courses with the superb golfing facilities, which have resulted in the resort being chosen to host the Portuguese Open on numerous occasions.

JJW Hotels and Resorts also own and operate the Dona Filipa Hotel and San Lorenzo Golf Course, Pinheiros Altos Golf Course, and Formosa Park Hotel, in Ancão Beach.

In addition to the properties in Portugal, JJW Hotels and Resorts owns and operates a number of luxury hotels and golf resorts across Europe, including the Grand Hotel Wien in Vienna, the Scotsman Hotel in the UK and Hotels Balzac, La Tremoille and Hotel de Vigny in Paris.

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New Book from H.E. Sheikh Mohamed Bin Issa Al Jaber gives Arab perspective on Middle East changehttp://www.google.xonm/mbi-news/new-book-from-he-sheikh-mohamed-bin-issa-al-jaber-gives-arab-perspective-on-middle-east-change@updateDatehttp://www.google.xonm/mbi-news/new-book-from-he-sheikh-mohamed-bin-issa-al-jaber-gives-arab-perspective-on-middle-east-change Prominent philanthropist and businessman H.E. Sheikh Mohamed Bin Issa Al Jaber’s seminal book ‘Yes, the Arabs Can Too’ has now been updated and translated into English. The book seeks to cast new light on the current events in the Arab world by providing a contemporary Arab view on the changes that are being wrought both economically and socially across the region.

New book, ‘Yes, The Arabs Can Too’, casts new light on the current events in the Arab world by providing a contemporary Arab view on the changes that are being wrought both economically and socially across the region. Author, His Excellency Sheikh Mohamed Bin Issa Al Jaber, founder and sole patron of UK charity the MBI Al Jaber Foundation, and 15th richest man in Britain, provides a prescient and brave diagnosis of the Arab people’s thirst for democracy, human rights and proper citizenship in their own countries.

Alongside the views of Sheikh Mohamed, a Special Envoy of the Director General of UNESCO for tolerance, democracy and peace, the book contains a foreword from Professor Michael Worton, Vice Provost, of University College London. He explains:
“Across the world, we see growing demands for reforms in the political system, whether this be in the ’Arab Spring’ or in the shift to the Right in many countries across Europe. This work is intended as an encouragement to Arabs to reform their political and economic processes, whilst remaining true to the values that through the centuries have underpinned the best of Arab beliefs and endeavours. Sheikh Mohamed offers messages of how this process must be one of integration with the rest of the world whilst also retaining Arab integrity and specificity.”

The author has long held progressive views on governance in the Middle East, particularly with regard to the growing Arab consciousness of empowerment. In addition to giving through his UK Foundation he has been an active philanthropist in Europe and the Middle East for nearly 20 years, investing millions of pounds in a broad range of education projects; from individual scholarships to international education programmes that reach students from all Arab countries. Partners of the MBI Foundation include: the American Universities of Cairo and Beirut, University College London, the University of Oxford, University of Westminster and other prominent educational establishments throughout the world.

Sheikh Mohamed comments: “There is a growing official and popular Arab consciousness of empowerment. They have the vision and ability to inspire a new dynamism, and restore to the Arab nation an effective role in shaping contemporary human civilisation, and in ensuring a better future for the Arab generations of today and tomorrow.”

First published in 2009 in Arabic, the updated and revised book is available from Arabian Publishing Ltd, priced at £20.00. It will be published in October with advance copies available for review by emailing arabian.publishing@arabia.uk.com

 

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Top 10 richest Arabs in UK share $17.5 billion fortunehttp://www.google.xonm/mbi-news/top-10-richest-arabs-in-uk-share-$175-billion-fortune@updateDatehttp://www.google.xonm/mbi-news/top-10-richest-arabs-in-uk-share-$175-billion-fortuneSheikh Mohamed Bin Issa Al Jaber on the Sunday Times Rich List 2013http://www.google.xonm/mbi-news/sheikh-mohamed-bin-issa-al-jaber-on-the-sunday-times-rich-list-2013@updateDatehttp://www.google.xonm/mbi-news/sheikh-mohamed-bin-issa-al-jaber-on-the-sunday-times-rich-list-2013 On the 21st April 2013, the Sunday Times released their 25th Anniversary Rich List; this year H.E Sheikh Mohamed Bin Issa Al Jaber is positioned at #15, making him the top-ranking Arab on their List. 

The Sunday Times, which calculates the wealth of both home grown citizens and prominent business people operating in the UK, was quoted as saying: “Mohamed Bin Issa Al Jaber, the Saudi Arabian who owns JJW Hotels and Resorts, makes his debut on the Rich List this year. He is ranked 15th with a fortune of just over £4.5bn.” 

According to the list, Sheikh Mohamed has also emerged as the wealthiest hotel entrepreneur in the UK and the only food industry player to appear in the top 20.

 

Sheikh Mohamed is currently looking to expand his luxury holdings in Portugal and elsewhere in Europe as the current economic crisis presents buying opportunities for cash-rich investors.  Sheikh Mohamed was recently quoted in Bloomberg as saying: “We are looking at a lot of opportunities in Europe, including in Portugal… where there are difficulties, there will always be opportunities.”  

 

In addition to his appearance on the Sunday Times 2013 Rich List, Sheikh Mohamed was also cited by the Sunday Times as having one of the top ten fastest growing fortunes in the UK… as well as being featured in their Giving List coverage as one of the most notable donors of the year.

 

More information on the Sunday Times Rich List can be found here and the list itself can be read in full here.

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Bloomberg - Saudi Arabia’s Al Jaber Seeks More Europe Hotels With Cashhttp://www.google.xonm/mbi-news/bloomberg---saudi-arabia’s-al-jaber-seeks-more-europe-hotels-with-cash@updateDatehttp://www.google.xonm/mbi-news/bloomberg---saudi-arabia’s-al-jaber-seeks-more-europe-hotels-with-cashForbes Billionaireshttp://www.google.xonm/mbi-news/forbes-billionaires@updateDatehttp://www.google.xonm/mbi-news/forbes-billionairesArabian Business Rich List 2012: Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-rich-list-2012-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-rich-list-2012-mohamed-bin-issa-al-jaberForbes "The World's Billionaires 2012" - #133 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2012---133-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2012---133-mohamed-bin-issa-al-jaberArabian Business Cover Story: Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-cover-story-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-cover-story-mohamed-bin-issa-al-jaber

 

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Arabian Business Rich List 2011: # 2 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-rich-list-2011--2-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-rich-list-2011--2-mohamed-bin-issa-al-jaberArabian Business: Saudi Sheikh Buys Hotel Group out of Administrationhttp://www.google.xonm/mbi-news/arabian-business-saudi-sheikh-buys-hotel-group-out-of-administration@updateDatehttp://www.google.xonm/mbi-news/arabian-business-saudi-sheikh-buys-hotel-group-out-of-administrationForbes "The World's Billionaires 2011" - #136 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2011---136-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2011---136-mohamed-bin-issa-al-jaberArabian Business Rich List 2010: # 2 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-rich-list-2010--2-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-rich-list-2010--2-mohamed-bin-issa-al-jaberKneissl establishes new business branch together with JJW Hotels & Resortshttp://www.google.xonm/mbi-news/kneissl-establishes-new-business-branch-together-with-jjw-hotels-and-resorts@updateDatehttp://www.google.xonm/mbi-news/kneissl-establishes-new-business-branch-together-with-jjw-hotels-and-resorts

Opening of first Kneissl Star Lounge in September

The first Kneissl Star Lounge will be opened in Innsbruck in September and it is a united symbol of both partners' core competencies. Clients will experience premium product presentations and expert advice in the relaxing atmosphere of the inviting lounge area. Delicious creations from top chef Heino Huber guarantee an  exquisite culinary experience.
In addition to the Kneissl Star Lounge in Innsbruck, more locations for new Star Lounges in Kitzbühel, Hochfügen/Tirol and in Vradal/Norway will follow in the coming months and city venues such as Munich and Vienna are planned.

Luxury class holiday – the Kneissl Star Resorts

With its Star Resorts, Kneissl is creating a new and modern tourism concept of the highest quality in terms of design and what's on offer. Guests can benefit from the know-how of the JJW Hotels & Resorts as well as from excellent Kneissl products.

Nature itself provides the inspiration and ideas for Kneissl as well as for the Star Resorts. This is clear with both companies: for the hotel construction natural materials like wood, stone and glass will be used thus ensuring ecological sustainability and all the Kneissl Star Resorts will be in spots of breathtaking natural beauty. No matter whether you find them in the mountains, in the country or by the sea side, these resorts will be unforgettable locations for sporting outdoor activities of any kind.]]>
Forbes "The World's Billionaires 2010" - #93 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2010---93-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2010---93-mohamed-bin-issa-al-jaberArabian Business Rich List 2009: #2 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-rich-list-2009-2-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-rich-list-2009-2-mohamed-bin-issa-al-jaberArabian Business Saudi Rich List 2009 - #3 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/arabian-business-saudi-rich-list-2009---3-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/arabian-business-saudi-rich-list-2009---3-mohamed-bin-issa-al-jaberGrand Hotel Wien and FK Austria Wien sign catering contract for three yearshttp://www.google.xonm/mbi-news/grand-hotel-wien-and-fk-austria-wien-sign-catering-contract-for-three-years@updateDatehttp://www.google.xonm/mbi-news/grand-hotel-wien-and-fk-austria-wien-sign-catering-contract-for-three-years The football club FK Austria Wien has appointed the catering department of the Grand Hotel Wien, ”Grand Catering“ with the catering of all home matches at the Horr Stadium for the next three years. The contract was signed on July 14th, 2009 at the Grand Hotel Wien by Thomas Parits, Corporate Management Sports, Markus Kraetschmer, Corporate Management Finance and Carl-Peter Echtermeijer, Assistant General Manager of the Grand Hotel Wien.

With immediate effect, Grand Catering is in charge of all home matches played by the first team (regular and friendly games), by the ÖFB-Cup, the UEFA Europe League and the Champions League.  Two different areas are being catered at the stadium, the Business-VIP and the Classic-VIP-area. About 700 people are being expected at each match.

„We are very proud of taking over the catering for the FK Austria Wien. It is a pleasure to become active with catering in the field of sports now, too, next to economy, society and culture“, says Carl-Peter Echtermeijer, Assistant General Manager of the Grand Hotel Wien.

„The challenge for our catering team during the matches is to serve a lot of people in a very short period of time and with the quality and the service you would expect from a Grand Hotel“, says Siegfried Pucher, Food & Beverage Director of the Grand Hotel Wien. „We offer Austrian delicacies and snacks, bearing seasonal specials and the regions of the opposing team in mind. In winter for example we will serve hot wine punch on the tribune, or when the FK Austria plays against a Styrian team we offer a typical Styrian dish.“

The football club Austria Wien was founded in 1911. It is one of the most successful football clubs in Austria. The team became cup master for 27 times and Austrian master for 23 times already.

The Grand Hotel Wien started with its own catering department in 2008. “Grand Catering“ is the right partner, when a classy event is in demand! The clients can book caterings only or full service event organization. Well-known events like the Women World Awards at the Vienna city hall or the Soirée Fantastique at the Austrian Galleries Belvedere were catered by Grand Catering.

For further questions please contact Céline Brigg, PR & Communications Manager: +43 1 515 80-761 or cbrigg@jjwhotels.com.

MBI International and Partners

MBI International and Partners is the global group that combines the companies owned by Arab entrepreneur Mohamed Bin Issa Al Jaber.

Mohamed Bin Issa Al Jaber is directly involved in many charitable and educational activities and actively promotes the business and cultural interests of the Arab world. His desire to provide practical assistance to the community led him to offer scholarship programmes to deserving students at some of the world's finest educational institutions. Founding Sponsor of London Middle East Institute at the London based School of African and Oriental Studies, he has also given a generous donation to fund a new building at the Jeddah-based Dar El Hekmah College, an English-language, private sector women's liberal arts college.

 

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Forbes "The World's Billionaires 2009" - #62 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2009---62-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/forbes-the-world's-billionaires-2009---62-mohamed-bin-issa-al-jaberForbes.com - The World's Billionaires - #194 Mohamed Bin Issa Al Jaberhttp://www.google.xonm/mbi-news/forbescom---the-world's-billionaires---194-mohamed-bin-issa-al-jaber@updateDatehttp://www.google.xonm/mbi-news/forbescom---the-world's-billionaires---194-mohamed-bin-issa-al-jaberThe Ring sparkles with five new starshttp://www.google.xonm/mbi-news/the-ring-sparkles-with-five-new-stars@updateDatehttp://www.google.xonm/mbi-news/the-ring-sparkles-with-five-new-starsBrilliant opening of ‘The Ring’, Vienna’s Casual Luxury Hotel

On the evening of November 6, 2007 the new Viennese 5-star hotel ‘The Ring’ was opened personally by its owner, Sheik Mohamed Bin Issa Al Jaber in the presence of numerous prominent guests. In all 250 attended, from Austria as well as from abroad, among others the Director of the Vienna State Opera Ioan Hollender, the president of the Chamber of Commerce Brigitte Jank, the Director of the Belvedere Museum Agness Husslein, author Elfie Donelly, film producer Karl Spiehs, the pop band ‘No Angels’, actress Marion Mitterhammer, designer Atil Kutoglu, actress Susanne Wuest and many more. The house-warming party was a deliberately casual affair, in the style of a ‘Back Stage Party’. All guests were excited about the new building and its luxurious ambience on Vienna’s Ring-Boulevard.

After a construction period of 13 months The Ring hotel, Vienna’s Casual Luxury Hotel was opened on November 6, 2007. 250 opening guests assembled in the fresh evening air at 19.00 on the turquoise carpet in front of the building and awaited the ceremonious opening with a cocktail reception. Exactly at 19.30 two men lowered themselves on a rope from the roof of the building during a spectacular fireworks production and passed the house key to hotel owner, Sheik Mohamed Bin Issa Al Jaber and the Managing Director Karim Jalloul. Finally the house was unlocked, lighting turned on and the guests could enter.

At first the ground floor lobby with its eye-catching wide fire place was presented, followed by the restaurant ‘at eight’ and the bar ‘Drings’. Artist Hans Dietrich designed particularly for the evening a somewhat different guest-book. On a large picture, specially designed by him, the contours of the hands of the guests and their signatures were immortalized.

Rooms and suites were open to visitors on all floors…

An X-Ordinary room was transformed into the ‘Music Room’. A musician played together with a saxophonist according to individual wishes, while guests made themselves comfortable and enjoyed the music.

A room party particularly to the taste of female guests was celebrated in the ‘Ladies Room’. A tub filled with ice served as a champagne-bar. On the plasma-TV-screen in the room ‘Sex and the City’ was showing, while top fashion and jewellery were displayed to the ladies. Designer Andreas Eberharter, known under his brand name “And I”, presented his collection ‘Shimmer’, already shown in New York, now available in internationally accredited fashion stores. Fashion expert Edith A’gai, an Austrian-Hungarian designer presented her ‘a little black dress’ collection.

In parallel gents enjoyed themselves with tabletop football at the beer bar and watching sports-TV in the ‘men’s room’.

Albert Gesellmann, frequently awarded Austrian wine producer, invited guests to a taste-tour through the small but exquisitely equipped wine cellar, where more than 700 fine bottles are stored. But there where also further prominent Austrian wine producers present: Willy Bruendlmayer offered his outstanding sparkling wine as aperitif and colleague Martin Pasler poured his excellent white wines.

The real gem of the hotel, the ‘Ring Suite’, of some 120 sqms, was shown, too. Guests were enchanted by the staggering flair of this suite, with its ceiling-stucco (officially protected as part of an historical building), the balcony directly over the Ring Boulevard and the luxurious furniture. During this presentation Whisky-cocktails were offered and singer Jengis entertained the guests.

The spa and wellness area presented a particular highlight. In the sauna with direct view to the beautiful “Karls”-Church guests could foresee their future with the help of a fortune teller. In the treatment room head, back and foot massages were offered. In the fitness section an herb-expert served various sorts of teas and snacks and explained the effect of the different plants.

Guests celebrated till late at night with Vodka-drinks in the bar ‘Drings’ and delicacies from the aroma cuisine of the restaurant ‘at eight’, accompanied by a DJ and saxophone music. The international guests then had the pleasure to spend the first night in the just opened hotel.

Concept and planning of this openening-event were developed by the experienced Viennese agency “pi-five”. Already at the early stage of planning the extraordinary invitation idea attracted attention: The invitation card was embedded together with ‘The Ring’ ties of friendship into a symbolic box of chocolates. On top there was a picture of the Viennese Ring Boulevard on which representatives of the surrounding buildings welcomed with their signatures the new member of the Ring-family. Already weeks before the opening the facade of the hotel was flood-lit in a pistacio colour. Cardboards of prominent ‘tourists’ i.e. Johnny Depp as Jack Sparrow or Angelina Jolie as Lara Croft were positioned along the Ring Boulevard, requesting ‘Show me the way to The Ring’ and finally pointing out ‘Follow me to The Ring’.

Further information and photos
Céline Brigg, Public Relations & Communications Manager
Tel. : +43 1 515 80-761 or cbrigg@jjwhotels.com
Press lounge: www.theringhotel.com

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A Viennese Trio - Hotel “Palais Schwarzenberg” crowns the portfolio of the JJW Group together with the “Grand Hotel Wien” and “The Ring”http://www.google.xonm/mbi-news/a-viennese-trio---hotel-“palais-schwarzenberg”-crowns-the-portfolio-of-the-jjw-group-together-with-the-“grand-hotel-wien”-and-“the-ring”@updateDatehttp://www.google.xonm/mbi-news/a-viennese-trio---hotel-“palais-schwarzenberg”-crowns-the-portfolio-of-the-jjw-group-together-with-the-“grand-hotel-wien”-and-“the-ring” Vienna, March 5th, 2007 – On February 26th, 2007 the long-term partnership between the princely Schwarzenberg family foundation and Mohamed Bin Issa Al Jaber, Chairman of the JJW Group, was determined and the contract signed. Mohamed Bin Issa Al Jaber, who owns the Grand Hotel Wien and The Ring Hotel in Vienna, was granted license to operate the Palais Schwarzenberg Hotel.

Mohamed Bin Issa Al Jaber’s bid was accepted by the family as he believes in the strong anchorage of the family Schwarzenberg within the project, the sensible strategy for the historical continuity as well as the positioning of the Palais Schwarzenberg Hotel within the existing portfolio together with the Grand Hotel Wien and The Ring Hotel. Johannes Schwarzenberg, Managing Director of the Palais Schwarzenberg Betriebsgesellschaft m.b.H., added: "We favour doing business with a personally known owner. This has advantages compared to big, anonymous companies"

"I am pleased to add the wonderful Palais Schwarzenberg Hotel to our Luxury Collection, I express my thanks to the Schwarzenberg family for their confidence in our work and I look forward to a long-term partnership", says MBI Al Jaber proudly.

Reconstruction and development of the Palais Schwarzenberg Hotel is planned. Initial excavations for the underground garage will start immediately. If no archaeological risks appear, the extensive reconstruction can start promptly. It was agreed on the construction of an underground garage, the renovation of the palace, the appointment of the winning international architect’s project tender for the development of the glass-fronted buildings, from which further rooms will emerge, as well as the construction of a spa area. The reconstruction will be completed in close cooperation with the authority for monument conservation. If no unexpected obstacles appear, the reconstruction period will be 18 months. The re-opening of the palace hotel is consequently planned for the end of 2009.

"We will position the Palais Schwarzenberg Hotel as a high-end product. It will be the most beautiful hotel in the whole of Europe!" says Karim Jalloul, spokesperson of Mohamed Bin Isa Al Jaber and Managing Director of the hotel.

With the new 6-Star-Deluxe-Hotel 120 new, long-term jobs will be provided. For further information please visit: www.palais-schwarzenberg.com

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New 5-Star-Hotel for Viennahttp://www.google.xonm/mbi-news/new-5-star-hotel-for-vienna@updateDatehttp://www.google.xonm/mbi-news/new-5-star-hotel-for-vienna The hotel 'The Ring' will be opened in autumn 2007. The laying of the foundation stone took place on September 25th 2006, with the owner Mohamed Bin Issa Al Jaber and the President of the Vienna Chamber of Commerce, Brigitte Jank.

The laying of the foundation stone of the new 5-star hotel 'The Ring' took place on September 25th 2006 on the construction site. Brigitte Jank, President of the Vienna Chamber of Commerce and the Owner Mohamed Bin Issa Al Jaber highlighted the importance of the Austrian capital within the European hospitality industry.

Vienna is a good location for luxury hotels; the Ringstrasse is the premier address in Vienna. 42 percent of all Viennese hotels are 4 or 5-Star hotels and not without reason. Out of 9 million room nights in 2005, 5,7 million room nights were booked in 4 or 5-star hotels. This is a new record, which makes investments in this segment self-evident," Brigitte Jank explained on the occasion of the ceremonial opening. 

Mohamed Bin Issa Al Jaber, Owner of the hotel chain JJW Hotels & Resorts explained that his focus is the expansion of the portfolio of independent luxury hotels in European capitals. In 2006 he acquired 'The Scotsman Hotels Group' with three luxury hotels in Edinburgh, Leeds and Paris. The city of Vienna is very important to him. "Vienna is a beautiful city with an enormous quality of life and offers outstanding cultural and tourist sites and is one of our most important locations," said Al Jaber.

The Owner´s Representative Karim F. Jalloul explained the concept and the time table.

The hotel, which will be opened in autumn 2007, will have 68 rooms and suites. The hotel follows the trend to smaller hotels, with spacious rooms and suites. Furthermore, there will be a 200m2 Spa, a fitness room, a restaurant and a bar in the basement. Planner Wilhelm Koczy confirmed that the listed elevator and listed room, which will become the 'Ring Suite', will be renovated.

Apart from those elements, modern design will dominate. The colour concept will be 'Café au lait', meaning warm colours like chocolate brown, beige, pistachio and red. Before JJW bought the building, it was the office of 'Merkur Bank'.

The hotel will combine 'luxury' with 'casual'. The hotel will feature a casual ambience with the best service and every luxury you would expect at a 5-star-hotel.

The total investment for the whole project will be € 30 Mil. The rates will start from € 275,-- to  € 1.250,-- per room per night.

The hotel will be managed by the management team of the Grand Hotel Wien.

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JJW Hotels & Resorts Limited ("JJW") - 2005 Financial Resultshttp://www.google.xonm/mbi-news/jjw-hotels-and-resorts-limited-(jjw)---2005-financial-results@updateDatehttp://www.google.xonm/mbi-news/jjw-hotels-and-resorts-limited-(jjw)---2005-financial-results JJW Hotels and Resorts Limited announces a strong performance in 2005 The Group has a portfolio of 56 hotels located in the UK, France, Germany, Austria and Portugal.

Highlights

Unaudited

2005
€m

2004
€m

% change

Revenues

153.9

86.4

+78

EBITDA        

50.5

25.8

+96

EBIT

35.1

13.8

+154

EBT

20.0

4.7

+326

Net income

20.3

4.5

+351

  • Revenues up 78% to €153.9m
  • EBITDA up 96% to €50.5m
  • Total portfolio reached 56 hotels in 2005
  • During the year the Balzac Hotel in Paris was closed for a total renovation, reopening in Autumn 2006
  • £63m acquisition of The Scotsman Hotel Group (which includes The Hotel de la Tremoille in Paris) completed after the year end in line with the Group’s focus on the expansion of activities at the luxury-end of the hotel sector.
  • €200m investment and acquisition programme in 2006

Commenting on the results, Chairman of JJW Hotels,  Mohamed bin Issa al Jaber said:

“2005 was a year of excellent growth for JJW Hotels and the outlook is extremely positive.  With further significant organic growth set to come through very strongly in the next few years and with a number of acquisition opportunities in our sights, we expect to achieve another strong performance in 2006.”

Further information

Richard Brook,
Group Chief Financial Officer -  JJW Hotels / MBI International
Tel: + 44 (0) 20 7935 5859
 http://www.mbiinternational.com/

Howard Lee/Laura Hickman - HeadLand Consultancy 
Tel: + 44 (0) 20 7367 5222

Results Overview

2005 was another year of significant growth for JJW Hotels & Resorts (“JJW”) and the results for the year ending 31 December 2005 were a record for the Group.  

There are a number of factors behind this strong performance and acceleration in sales and earnings growth.

Firstly, a number of investments or upgrades made to the portfolio in prior years came to fruition with hotels that had been under development or refurbishment coming on stream in 2005. The benefits of their contribution led to an uplift in year on year performance resulting in significant increases in turnover, profit and assets.  The Group also achieved good underlying growth from its existing portfolio of assets with like-for-like performance also up on the prior year.

Total turnover in the period increased from €86.4m to €153.9m up 78 %.  EBITDA increased from €25.8m to €50.5m up 96%.  EBIT increased from €13.8m to €35.1m up 154%. Net income was significantly higher at € 20.3m compared to €4.5m.

The Group is anticipating capital expenditure / acquisitions in the region of €200m in 2006.

Business Operations

Overall, JJW’s hotel portfolio continued to grow in 2005 and now comprises 56 hotels across Europe and the Middle East.  Whilst, JJW has hotels in the luxury, mid range and budget sectors, the primary focus for expansion continues to be on the luxury end of the market.

Occupancy rates for our hotels in the period continued to grow. Given the mix of hotels in the portfolio, it is not meaningful to give an average across the group. However, we are pleased to report that performance across all our hotel categories was up on the previous year.  We are particularly pleased with the strong performance of our luxury segment hotel offering.

JJW Luxury Collection

JJW’s portfolio of luxury hotels performed well in 2005.   These hotels, located in the heart of major European capitals, comprise 7 hotels including the flagship five star Grand Hotel Wien in Austria, the Hotel Balzac and Hotel de Vigny in Paris.

Post the year end, the Group was delighted to add further to this portfolio with the acquisition of The Scotsman Hotel Group for £63m.  SHG comprises three boutique hotels; The Scotsman in Edinburgh, 42 The Calls in Leeds and the Hotel de la Tremoille in Paris, thereby expanding operations in the UK and France and advancing the group’s focus on the development of its activities in the luxury sector.

Amarante Hotels

JJW’s Amarante hotels performed well in 2005.   Amarante hotels are aimed at the premium four star luxury segment of the market.  Typically they are located in prime central locations aimed at business and leisure travellers. 

A comprehensive refurbishment program is currently under way across the Amarante offering in France which will be completed during 2006.

The four star Amarante El-Nil is due to open in early 2007 whilst the four star Amarante Nile Cruise ships Osiris and Isis are due for launch in 2006.

Median Hotels

JJW’s Median portfolio of hotels combine city centre locations across France with modern facilities aimed at business and leisure travellers.  The portfolio currently comprises 8 hotels.

The Median St Lazare in Paris is re-opening in spring 2006 after a total refurbishment.

Stars Hotels

JJW operates 19 hotels in this budget hotel collection all located close to main French motorways, city centres and airports.  Stars hotels offer comfortable rooms, excellent quality and service and competitive prices. 

Business Strategy

Since it was founded in the late 1980s, JJW Hotels has built a strong portfolio of hotel brands from economy through to mid-range and luxury. Unlike many other hotel operators, all JJW hotels are wholly owned assets.

Today JJW is seeking to focus on expansion of the luxury 5 star hotel portfolio.  In recent years, JJW has acquired the highly sought after 'Grand Hotel Wien' in Vienna, along with the 'Amarante Beau Manoir' in Paris. JJW is equally active in luxury hotel acquisitions in resort locations with prestigious hotels joining the all suite hotel 'Amarante Formosa Park' in the Algarve portfolio. Each of these hotels will offer access to the Algarve's best golf courses.

The recent acquisition of The Scotsman Hotel Group is in line with the Group’s plans to build the portfolio at the luxury end of the hotel market.  JJW sees more scope to expand the portfolio by acquisition, particularly in the United Kingdom.

JJW’s mid-range and economy hotel brands are strong brands in their own right and in their respective market places with prime locations, good management and strong customer recognition.  Whilst not the priority focus of JJW’s expansion plans, they continue to make a good contribution to overall group performance.

Outlook

The new financial year has got off to a good start and the outlook is extremely positive.   A number of renovations at some of the Group’s prime portfolio locations are due for completion in 2006 and new properties are due to come on stream.  We anticipate another year of strong growth as we seek to capitalise and build on the successes of 2005. 

Notes to Editors

  • JJW Hotels, founded in the late 1980s, is a wholly owned subsidiary of MBI International, a $3.8 billion multinational company with strong interests in the Middle East and Europe. MBI International is owned by Mohamed bin Issa Al Jaber, a Saudi businessman.
  • JJW is an international Group involved in the acquisition, development and operation of hotels and resorts in prime locations in Europe and the Middle East. Established in France and Portugal in the late 1980s, the Group acquired an impressive portfolio of 5 star, 4 star, 3 star and 2 star hotels and now owns and operates 56 hotels in Europe and the Middle East.
  • The Group is achieving rapid growth by focusing on two complementary market segments. In the more mature European market, the offering of 5 and 4 star hotels and luxury golf resorts is being increased through acquisitions and mergers. In the Middle Eastern market, growth is achieved through the construction of new hotels.
  • In the European market, 4 and 5 star hotels have already been acquired in some of the world's most fashionable cities: Cannes, Paris and Vienna. Recently, the Group acquired the prestigious de Vigny and Balzac Hotels in Paris. The Balzac is currently undergoing a complete refurbishment to make it into one of the most sought after hotels in Paris. The Group also owns Pinheiros Altos, one of the most exclusive and successful 5 star luxury golf and residential resorts in the Algarve, southern Portugal. As part of JJW's ongoing commitment to excellence, a 5 star hotel and spa is due to open in 2006 in the grounds of Pinheiros Altos.
  • The Group is also active in the Middle East. Investments include a shareholding in Kingdom Hotel Investment Group (KHI). KHI's portfolio consists primarily of 13 hotels managed by Four Seasons, Fairmont and Mövenpick.

Consolidated Statement of Revenue & Expenses in 000€

(unaudited)

31 Dec 2005

31 Dec 2004

31 Dec 2003

Revenue

153,861

86,401

69,985

Operating expenses

(103,344)

(60,554)

(61,733)

EBITDA

50,517

25,847

8,252

EBIT

35,050

13,779

(4,871)

EBT

20,044

4,693

(13,407)

Net Income

20,343

4,535

(13,525)

Consolidated Statement of Assets and Liabilities in 000€

 

31 Dec 2005
(unaudited)

31 Dec 2004

31 Dec 2003

Current assets

203,074

57,932

33,784

Property & Equipment

792,651

522,353

468,573

Investment and others

112,941

71,693

67,731

Total Assets

1,108,666

651,978

570,088

 

 

 

 

Current Liabilities

91,753

40,590

48,908

Lease Commitments

5,354

10,348

8,751

Bank Loans > 1 year

440,420

209,145

154,427

Equity

571,139

391,895

358,002

Total Liabilities & Equity

1,108,666

651,978

570,088

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MBI International Acquires Scotsman Hotel Group (SHG) in deal worth in excess of £60 Millionhttp://www.google.xonm/mbi-news/mbi-international-acquires-scotsman-hotel-group-(shg)-in-deal-worth-in-excess-of-£60-million@updateDatehttp://www.google.xonm/mbi-news/mbi-international-acquires-scotsman-hotel-group-(shg)-in-deal-worth-in-excess-of-£60-million MBI International, a $3.8 billion multinational company with strong interests in the Middle East and Europe, acquires The Scotsman Hotel Group (SHG) in a deal worth £63 million today 31 January 2006. SHG comprises three boutique hotels; The Scotsman in Edinburgh, 42 The Calls in Leeds and the Hotel de la Tremoille in Paris. SHG was originally launched in 1999 with £90 million ($159 million) invested.

MBI International is an established presence in the luxury hotel sector in Europe and the Middle East through its subsidiary JJW Hotels & Resorts. It currently owns & operates an unrivalled portfolio of 55 hotels from economy brands to Luxury in some of the world's most sought after locations, including London, Paris, Cannes, Vienna, Algarve and Cairo.

Commenting on the acquisition, Chairman and CEO of MBI International, Mohamed Bin Issa Al Jaber said:

"We are delighted by this acquisition which expands our operations in the UK and France and advances the groups focus on the development of our activities in the luxury sector".

MBI International anticipates considerable additional investment in The Scotsman Hotel, including the expansion of the number of bedrooms and the hotel's successful spa, Escape Health Club & Cowshed Spa.

The new owner intends to create a stand alone portfolio of intimate luxury hotels across Europe, which could see SHG joining the prestigious Berner's Hotel in London, which is currently under going a £32 million refurbishment.

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Mohamed Bin Issa Al Jaber Interview with Amwal Magazinehttp://www.google.xonm/mbi-news/mohamed-bin-issa-al-jaber-interview-with-amwal-magazine@updateDatehttp://www.google.xonm/mbi-news/mohamed-bin-issa-al-jaber-interview-with-amwal-magazine Click here to download the full interview with Amwal Magazine (pdf 1.63Mb)

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MBI International Finalizes $102 million Luxury Hotel Acquisition in Francehttp://www.google.xonm/mbi-news/mbi-international-finalizes-$102-million-luxury-hotel-acquisition-in-france@updateDatehttp://www.google.xonm/mbi-news/mbi-international-finalizes-$102-million-luxury-hotel-acquisition-in-france JJW signs Parisian hotel deal marking 15th anniversary in French market. Acquisitions include De Vigny and Balzac boutique hotels for $65 million

Paris, 3 June 2004: MBI International, a $3 billion multinational with strong interests in the Middle East and Europe, has finalized a $102 million luxury hotel acquisition in France through its JJW Hotels & Resorts group, which includes two boutique hotels in the heart of Paris. The purchase marks the 15th anniversary of JJW's operations in France.

"We are very proud to have both the De Vigny and Balzac join JJW's portfolio. These are unique properties that offer the highest standards of excellence to a sophisticated clientele," said MBI International's Chairman and CEO Mohamed Bin Issa Al Jaber. "As boutique hotels, they form part of a growing, high value added sector of the travel industry and one in which we intend to further expand our investments." He noted that JJW is consolidating its European holdings and targeting the higher end of the business and leisure travel market.

The acquisition, negotiated and concluded by Freddie Shaibi, Managing Director and member of the executive board of JJW and his team, was acquired from Sir John Beckwith's London based Pacific PLC, through agents HVS Hodges Ward Elliott.

Their acquisition brings the number of JJW four star properties within Paris's prestigious 'golden triangle' to five, complementing the Amarante Champs Elysee, the Amarante Beau Manoir and the Amarante Arc de Triomphe and brings the total number of JJW four star rooms in Paris to over 250.

The recently renovated De Vigny hotel was built in 1980 and has 26 luxury rooms and 11 suites. It was decorated by the well-known designer Nina Campbell and provides one of the highest rated dining experiences in Paris, the Baretto Art Deco bar and restaurant. The De Vigny is the only Relais & Chateaux hotel in Paris.

Originally built in 1910 and recently renovated in 2000 the Balzac hotel has a rich history and some of the most sought after suites in Paris. The hotel features 69 luxury rooms, including 14 executive suites and a special Royal Suite with its own terrace overlooking Parisian rooftops and the Eiffel Tower. It also houses the world famous Pierre Gagnaire restaurant on its ground floor.

"This latest acquisition builds on JJW's already strong portfolio of luxury hotels and resorts that includes the Grand Hotel Vienna and Royal Algarve resort in Portugal," said Mohamed Bin Isa Al Jaber. "This transaction is indicative of our group philosophy which aims to replicate market dynamics by adapting to areas of high growth across both Europe and the Middle East." He pointed out that MBI International's success is based on the ability to identify and capitalize on investment opportunities in challenging markets that offer high returns. "The luxury hotel sector fits this definition perfectly," he said.

Editor's Note:

MBI International and Partners is the global group that combines the companies owned by Arab entrepreneur Mohamed Bin Issa Al Jaber. The group has an asset base worth $3 billion. It employs 9,000 people and operates in Saudi Arabia, the UAE, Egypt, Kuwait and across Europe.

MBI International and Partners comprises three key entities: JJW Hotels and Resorts, which operates in the hospitality industry; AJWA Group for Food Industries, one of the largest agribusinesses in the Middle East; and, Jadawel International, a major real estate development company that owns and operates exclusive luxury residential compounds in the region.

JJW Hotels owns and manages hotels and resorts in Europe, the Middle East and North Africa, with a significant operational presence in France, UK, Portugal, Austria and Egypt.

Mohamed Bin Issa Al Jaber is directly involved in many charitable and educational activities and actively promotes the business and cultural interests of the Arab world. His desire to provide practical assistance to the community led him to offer scholarship programmes to deserving students at some of the world's finest educational institutions. Founding Sponsor of London Middle East Institute at the London based School of African and Oriental Studies, he has also given a generous donation to fund a new building at the Jeddah-based Dar El Hekmah College, an English-language, private sector women's liberal arts college.

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JJW Hotels & Resorts adds hotel by the Arc de Triomphe to its ever expanding portfoliohttp://www.google.xonm/mbi-news/jjw-hotels-and-resorts-adds-hotel-by-the-arc-de-triomphe-to-its-ever-expanding-portfolio@updateDatehttp://www.google.xonm/mbi-news/jjw-hotels-and-resorts-adds-hotel-by-the-arc-de-triomphe-to-its-ever-expanding-portfolio PARIS - 18th March 2003: It was announced that JJW Hotels & Resorts, the hotel group subsidiary of MBI International & Partners had purchased the Hotel Pierre Paris, for the sum of €11M.

This hotel will be known as Median Paris Arc de Triomphe.

Located in the heart of the 17eme arrondissement, within minutes from the Champs Elysees, the 50 room hotel will become the flagship of the Median brand and complement the portfolio which has recently been strengthened with the newly re-branded Median Paris Porte de Versailles and the forthcoming re-opening of Median Paris Saint Lazare. Median Hotels represent the JJW Hotels & Resorts mid-range activity, offering conveniently located, top of the range three star properties with F&B facilities.

Hotel Median Paris Arc de Triomphe is the latest acquisition in JJW Hotels & Resorts 75 strong group which also includes such prestigious properties as the Five Star The Grand Hotel Wien in Austria and the Pinheiros Altos luxury golf resort in Portugal.


Editors' Notes:

JJW Hotels & Resorts is a wholly owned subsidiary of MBI International & Partners, the global entity that combines the companies of Mohamed Bin Issa Al Jaber. MBI International is an influential business and community leader in Europe and the Middle East with a portfolio of business interests in a wide range of commercial sectors including hotels and resorts, development and investment, as well as the food industry. Operating through a corporate headquarters in London, MBI International has significant operations in France, Portugal, Austria, Egypt, Lebanon, Jordan and Saudi Arabia.

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The Grand Hotel Wien - A Historic Acquisitionhttp://www.google.xonm/mbi-news/the-grand-hotel-wien---a-historic-acquisition@updateDatehttp://www.google.xonm/mbi-news/the-grand-hotel-wien---a-historic-acquisition In the most significant single asset transaction to have taken place in Europe so far during 2002, JJW Hotels and Resorts announced on 1 August the purchase of the famous ANA Grand Hotel in Vienna, Austria from All Nipon Airways.

This five-star deluxe hotel now returns to its original name, the Grand Hotel Wien and will be managed by JJW Hotels & Resorts while maintaining an agreement with ANA Hotels for sales and marketing services.

The hotel is recognised as being amongst the most luxurious in all of Europe and enjoys a prime location in the centre of Vienna on Kärntner Ring, adjacent to Ringstrassen Galerien and a short walk from the Vienna State Opera.

It was first opened in 1870 but closed as a hotel in 1958. In 1994 it was reopened by All Nippon Airways following a complete redevelopment and retaining only its historic façade.

The sumptuous public areas and 205 guest rooms and suites are decorated in classic Viennese style and the property is equipped throughout with state-of-the-art technology.

The Grand is a landmark in the city of Vienna but it is also highly regarded for its fine dining. The Unkai Japanese restaurant is one of the best of its kind in the city and the international gourmet restaurant Le Ciel, on the top floor, is a fashionable Vienna rendez-vouz with a roof garden.

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Austria Todayhttp://www.google.xonm/mbi-news/austria-today@updateDatehttp://www.google.xonm/mbi-news/austria-today Amarante Hotels, the four star hotel group owned by JJW Hotels & Resorts is to open a deluxe hotel on the banks of the Nile in Cairo. Located just two minutes from central Cairo and 30 minutes from the airport, the Amarante El-Nil will have a total of 237 rooms including Executive Club rooms, Junior suites, Executive suites and a Presidential suite.

Guests will enjoy a host of modern amenities including an outdoor pool and a fully equipped health spa with massage, steam rooms, sauna and beauty treatments.

Dining options include an all day restaurant as well as a speciality Italian restaurant with snacks and drinks also available from the lobby bar, pool bar and a tea lounge. For the business traveller, there will be 4 meeting rooms catering for groups of 10 to 40 delegates as well as a business centre and a dedicated bar, restaurant and lounge for Executive Club guests.

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The Times - Sale of Grand Hotel Wienhttp://www.google.xonm/mbi-news/the-times---sale-of-grand-hotel-wien@updateDatehttp://www.google.xonm/mbi-news/the-times---sale-of-grand-hotel-wien The five star Grand Hotel in Vienna has been sold by All Nippon Airways to JJW Hotels & Resorts, the French hotel operator controlled by Mohamed Bin Issa Al-Jaber of Saudi Arabia, for about £69 million.

The sale through Jones Lang LaSalle Hotels, is one of the biggest hotel transactions since September 11.

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Wall St Journal - ANA To sell Vienna Hotel To Saudi Group- Nikkeihttp://www.google.xonm/mbi-news/wall-st-journal---ana-to-sell-vienna-hotel-to-saudi-group--nikkei@updateDatehttp://www.google.xonm/mbi-news/wall-st-journal---ana-to-sell-vienna-hotel-to-saudi-group--nikkei DOW JONES NEWSWIRES VIENNA (Nikkei)--All Nippon Airways Co.

ANA will sell its ANA Grand Hotel Wien to the JJW group of Saudi Arabia for an estimated 80€ million, The Nihon Keizai Shimbun learned Tuesday, the newspaper reported in its Wednesday morning edition.

The two sides are expected to make the deal official on Wednesday.

The vienna-based hotel, which opened before World War II, is one of the city's most prestigious hotels. The Japanese airline bought the hotel, which had been used as an office building after the war, and reopened it in 1994.

Japanese tourists and business people stay at the hotel when they visit central and east European countries.

ANA announced in may plans to withdraw from overseas hotel operations due to deterioting profitability in the wake of sept 11 terrorist attack.

The JJW which rounds hotels mainly in Europe is expected to change the name to Grand Hotel before taking over operations next month.

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Agence France Presse - ANA to sell Vienna hotel to London-based JJW for €110 millionhttp://www.google.xonm/mbi-news/agence-france-presse---ana-to-sell-vienna-hotel-to-london-based-jjw-for-€110-million@updateDatehttp://www.google.xonm/mbi-news/agence-france-presse---ana-to-sell-vienna-hotel-to-london-based-jjw-for-€110-million All Nippon Airways Co Ltd. Will sell a hotel in Vienna to London-based JJW Hotels and Resorts for 110 million € ($108 million) as part of a push to divest non-core assets, a spokesman said Wednesday.

This is part of the company's corporate strategy of focusing resources on core operations,"said ANA's Fred Tanaka.

Gains from the sale of ANA Grand Hotel Wien would be funnelled into free cash flow and be used to reduce interest-bearing debts, Tanaka said.

ANA also has plans to sell its ANA Harbour Grand Hotel Sydney in Australia, with talks "in progress" on its sale, he said.

Japan's number two airline said in May it reversed a profit for a 9.5 billion yen ($75.6 billion) net loss in the year leading to March.

It said at the time revenue from its hotel business had dropped 9.6 percent to 75.6 billion yen, with 600 million yen in operating losses.

The airline predicted two billion yen in net profits in the year to March 2003.

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AFX Press, Tokyo - ANA to sell Vienna hotel to JJW Group for€ 80 million - reporthttp://www.google.xonm/mbi-news/afx-press-tokyo---ana-to-sell-vienna-hotel-to-jjw-group-for€-80-million---report@updateDatehttp://www.google.xonm/mbi-news/afx-press-tokyo---ana-to-sell-vienna-hotel-to-jjw-group-for€-80-million---report All Nippon Airways Co Ltd ANA sold the Grand Hotel Wien to the JJW group of Saudi Arabia for an estimated 80 million €, the Nihon Keizai Shimbun reported AFX Press, without citing sources.

The two sides are expected to make the deal official today, it said.

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Arab News - All Nippon Airwayshttp://www.google.xonm/mbi-news/arab-news---all-nippon-airways@updateDatehttp://www.google.xonm/mbi-news/arab-news---all-nippon-airways All Nippon Airways Co. Ltd. will sell a hotel in Vienna to London-based JJW Hotels and Resorts for 110 million € ($108 million) as part of a push to divest non-core assests, a spokesman said yesterday; 'This is part of the company's corporate strategy of focussing resources on core operations,' said ANA's Fred Tanaka.

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JJW acquires ANA Grand Hotel in Viennahttp://www.google.xonm/mbi-news/jjw-acquires-ana-grand-hotel-in-vienna@updateDatehttp://www.google.xonm/mbi-news/jjw-acquires-ana-grand-hotel-in-vienna The property, which will be known as Grand Hotel Wien and is recognised as being amongst the most luxurious hotels not only in Vienna, but the whole of Europe. It was first opened in 1870 as the first Grand Hotel in Vienna and re-opened in 1994 following a complete redevelopment, retaining only its historic façade, and it now combines classic Viennese style with state-of-the art technology. The five star, 205-room hotel enjoys a prime location in the centre of Vienna on Kärntner Ring, adjacent to the Ringstrassen Galerien, and a short walk from the Vienna State Opera.

Other attractions in the hotel include top class restaurants offering French, Japanese and Viennese cuisine, two bars, five meeting rooms and one of Vienna's largest hotel ballrooms.

Mr F. Shaibi, Director and member of the executive board for JJW Hotels & Resorts and Mr Y. Nakamachi, Managing Director for ANA finalised the deal on July 31st, 2002. The Chairman and owner of JJW Hotels & Resorts, Mohammed Bin Issa Al Jaber comments:' We are:"we are thrilled to have acquired this substantial and unique property in the heart of Europe".

JJW Hotels & Resorts and ANA Hotels have signed an agreement for the continuation of sales and marketing services for the Grand Hotel Wien through ANA Hotels (ANAH). JJW Hotels & Resorts has also entered into a licence agreement with ANAH to continue to use the highly successful Unkai brand name for the Japanese restaurant, which is one of the most celebrated restaurants of its kind in Vienna.

Commenting on the deal, Nick Marsh, Executive Vice President of Jones Lang LaSalle Hotels said, "The ANA Grand Hotel attracted strong interest from investors and operators, recognising both a re-branding opportunity and the chance to buy a prime piece of Viennese real estate". He continued, "JJW Hotels & Resorts have secured a fantastic foothold in a market with strong prospects while ANAH will maintain an ongoing relationship with the hotel through a marketing alliance".

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Hotel in Vienna: Jones Lang LaSalle Hotels arranges Sale of the ANA Grand Hotel in Vienna to JJW Hotels & Resortshttp://www.google.xonm/mbi-news/hotel-in-vienna-jones-lang-lasalle-hotels-arranges-sale-of-the-ana-grand-hotel-in-vienna-to-jjw-hotels-and-resorts@updateDatehttp://www.google.xonm/mbi-news/hotel-in-vienna-jones-lang-lasalle-hotels-arranges-sale-of-the-ana-grand-hotel-in-vienna-to-jjw-hotels-and-resorts The property, which will be known as Grand Hotel Wien and is recognised as being amongst the most luxurious hotels not only in Vienna, but the whole of Europe. It was first opened in 1870 as the first Grand Hotel in Vienna and re-opened in 1994 following a complete redevelopment, retaining only its historic façade, and it now combines classic Viennese style with state-of-the art technology. The five star, 205-room hotel enjoys a prime location in the centre of Vienna on Kärntner Ring, adjacent to the Ringstrassen Galerien, and a short walk from the Vienna State Opera.

Other attractions in the hotel include top class restaurants offering French, Japanese and Viennese cuisine, two bars, five meeting rooms and one of Vienna's largest hotel ballrooms.

Mr F. Shaibi, Director and member of the executive board for JJW Hotels & Resorts and Mr Y. Nakamachi, Managing Director for ANA finalised the deal on July 31st, 2002. The Chairman and owner of JJW Hotels & Resorts, Mohammed Bin Issa Al Jaber comments:' We are:"we are thrilled to have acquired this substantial and unique property in the heart of Europe".

JJW Hotels & Resorts and ANA Hotels have signed an agreement for the continuation of sales and marketing services for the Grand Hotel Wien through ANA Hotels (ANAH). JJW Hotels & Resorts has also entered into a licence agreement with ANAH to continue to use the highly successful Unkai brand name for the Japanese restaurant, which is one of the most celebrated restaurants of its kind in Vienna.

Commenting on the deal, Nick Marsh, Executive Vice President of Jones Lang LaSalle Hotels said, "The ANA Grand Hotel attracted strong interest from investors and operators, recognising both a re-branding opportunity and the chance to buy a prime piece of Viennese real estate". He continued, "JJW Hotels & Resorts have secured a fantastic foothold in a market with strong prospects while ANAH will maintain an ongoing relationship with the hotel through a marketing alliance".

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