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Category: Business
Saudi Arabia is preparing to implement significant reforms to its business registration system with the new Law of Commercial Register and Law of Trade Names taking effect on April 3. These changes aim to streamline processes for businesses and enhance the overall business environment in the Kingdom. Abdulrahman Al-Hussein, the official spokesperson for the Ministry...
The UAE’s beauty industry has experienced a substantial increase in revenue during the holy month of Ramadan. Sales of cosmetics and personal care products have surged as consumers focus on festive glamour for nightly iftars and Eid celebrations. This year, UAE Ramadan sales are projected to reach $10 billion, with beauty products contributing significantly to...
Abu Dhabi-based International Holding Company (IHC) is set to acquire a stake in Haldiram Snacks, a leading Indian snack food manufacturer valued at $10 billion. This investment comes alongside New York-based Alpha Wave Global, marking a significant moment for Haldiram as it aims for international growth. The announcement follows Singapore’s Temasek, which recently acquired a...
EY-Parthenon, the strategy consultancy unit of EY, is set to make a significant $250 million investment in its AI-powered Edge platforms, collaborating with ecosystem partners such as Microsoft and vendors including OpenAI. This investment aims to enhance the capabilities of platforms like Competitive Edge, Diligence Edge, and Capital Edge, which provide private equity and corporate...
Dubai Electricity and Water Authority (DEWA) has announced a 4.51 percent annual increase in requests for electrical connections related to commercial projects through its Al Namoos service in 2024. This information was shared by Saeed Mohammed Al Tayer, the Managing Director and CEO of DEWA. The rise in requests underscores DEWA’s commitment to meeting the...
ADQ, a prominent sovereign investor focused on critical infrastructure and global supply chains, has successfully acquired a 63.26% stake in Aramex. This acquisition marks a significant step in ADQ’s strategy to expand its investment portfolio in the logistics sector. In a stock market disclosure, Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, indicated that...
Invest Caribbean, recognized as the leading global private sector investment agency for the Caribbean and Central America, will participate in two major investment events in the UAE this April. The agency is set to showcase various investment opportunities at the Annual Investment Meeting (AIM) Congress 2025 in Abu Dhabi from April 7–9, and at the...
GymNation, a fitness operator based in the Middle East, has signed a multi-year agreement with global fitness race brand Hyrox to establish dedicated Hyrox Performance and Hyrox Training Centers throughout the region and in Saudi Arabia. This partnership aims to provide competitors with a specialized space to train at a professional level. With over 110...
Vinsmera Group, a prominent global jewellery enterprise led by the Kambrath brothers—Dinesh, Anil, Manoj, and Krishnan Kambrath—has announced a investment of AED860 000 over the next two years. This investment aims to establish a premium jewellery retail chain and advanced manufacturing units in both the UAE and India, aligning with the group’s vision to innovate...
Finsmeira has announced a significant investment of 859 million dirhams to establish a series of retail jewelry stores and advanced manufacturing units in the UAE and India. This initiative is set to unfold over the next two years and represents a substantial expansion for the company, particularly in the UAE. Finsmeira plans to open main...