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Category: Business
Vinsmera Group, a global jewellery enterprise led by the Kambrath brothers—Dinesh Kambrath, Anil Kambrath, Manoj Kambrath, and Krishnan Kambrath—has announced a significant investment of ₹2,000 crore (Rs20 billion) over the next two years. This funding will be used to establish a premium jewellery retail chain and advanced manufacturing units in both the UAE and India....
NTT DATA Business Solutions has announced a significant expansion of its operations in the Middle East, Türkiye, and Africa (META) region, with a focus on the UAE. The company aims to establish the UAE as a central hub for its activities in the region, positioning it strategically within the growing technology landscape. This initiative is...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan engaged in a phone conversation with Faustin-Archange Touadéra, the President of the Central African Republic, to discuss advancing trade partnerships. This dialogue focused on the objectives outlined in the Comprehensive Economic Partnership Agreement (CEPA), which was signed on March 6 during Touadéra’s working visit to the...
BAE Systems, a major British defense company, is in discussions with the Abu Dhabi government-owned Mubadala Development Company to establish an aerospace business in the United Arab Emirates. Simon Keith, the regional managing director of BAE Systems, confirmed the talks during a defense conference in Abu Dhabi, stating that Mubadala expressed interest in developing aerospace...
Emirates NBD, the banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has launched the ‘Emirati Business’ package, specifically designed for businesses owned by UAE Nationals. This new offering aims to provide a comprehensive suite of services and benefits, enhancing the banking experience for Emirati entrepreneurs. The introduction of the Emirati Business...
Abu Dhabi’s AD Ports Group has announced the formation of a joint venture with Columbia Group, a globally recognized platform in maritime, logistics, tourism, and energy sectors. This collaboration aims to enhance their operations in the shipping industry. The partnership will leverage the strengths of both companies to provide a comprehensive range of shipping and...
UAE and Saudi Arabian companies are increasingly using long-term salary bonuses as a strategy to attract top executive talent. A report by Cooper Fitch reveals that over 50% of chief executives in Saudi Arabia receive more than six months’ worth of their basic salary in bonuses. This trend indicates a significant shift in how companies...
The UAE Ministry of Investment has partnered with Emirates NBD Capital to increase international investment inflows into the UAE. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to strengthen the UAE’s position as a global investment hub by enhancing cooperation and investor engagement. The MoU was signed by His Excellency Mohammad Abdulrahman Alhawi,...
NKN Media, a prominent integrated media company, has successfully raised Dh35 million and is planning to secure an additional Dh50 million to enhance its global expansion and intellectual property development. The company is celebrating five years in Dubai and has established itself as a significant player in the region’s media and events sectors. Following the...
HDI Global SE, a corporate and specialty insurer, has announced impressive financial results for 2024, showcasing strong growth in both revenue and earnings. The surge in performance was credited to an increase in new business and adjustments in prices due to inflation. The Dubai office of HDI Global had a particularly successful first year, surpassing...