DUBAI, 21st February, 2017 (WAM) -- H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, honoured 32 companies that were named winners of the 9th cycle of the Mohammed bin Rashid Al Maktoum (MRM) Business Award, and the 1st cycle of the MRM Business Innovation Award, at a prestigious ceremony held at Dubai’s Madinat Jumeirah Arena on Tuesday.

Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the ceremony was hosted by the Dubai Chamber of Commerce and Industry, and attended by heads of government departments and officials.

In his welcome address, Majid Saif Al Ghurair, Chairman, Dubai Chamber, explained that the Chamber launched the MRM Business Award in 2005 as a mechanism to drive institutional performance and measure business excellence within the UAE, adding that award has expanded significantly since then with more than 1,400 companies across the GCC region participating in the programme.

Al Ghurair added that the MRM Business Innovation Award was launched by the Chamber in cooperation with the UAE Ministry of Economy in 2015, and reflects the strong interest from the private sector to embrace innovation.

The MRM Business Award, a member of Mohammed Bin Rashid Al Maktoum Global Initiatives, was presented to Al Ansari Exchange, Gulf Insurance Group, Orient Insurance, UAE Exchange Centre, and Union National Bank, AON Middle East, NMC Specialty Hospital, Vanguard Reservoir Surveillance Services, Zamil Offshore Services Company, Zulekha Hospitals, Axiom Telecom, Mohamed Naser Al Sayer & Sons, NMC Trading, Binzagr Unilever Limited, Damas Jewellery, Dow Chemical IMEA GmbH (Dubai branch), Gulf Extrusions, Gulf Petrochemical Industries Co., National Fire Fighting Manufacturing, DP World (UAE), and Doka Gulf.

The MRM Business Innovation Award was presented to Abu Dhabi Commercial Bank, Dar Al Sharia Islamic Finance Consultancy, Huawei Tech (UAE), Network International, Wavetec, and X Architects, Gulf Petrochemical Industries Co., Kimoha Entrepreneurs, and DP World (UAE).

The Outstanding Award for Business Excellence went to DP World (UAE), while Abu Dhabi Commercial Bank won the Outstanding Award for Business Innovation.