Daily Archives: June 27, 2024

Business & Investments

Malabar Gold & Diamonds Enhances International Operations with New Supply ChainOffice in Dubai Airport Free Zone (DAFZ)

  • The new office will serve as the cornerstone of the brand’s international studded supply chain operations.
  • Equipped with exceptional infrastructure and facilities, including a product development centre.

Malabar Gold & Diamonds, the sixth-largest jewellery retailer, has opened its new state-of-the-art supply chain office in Dubai Airport Free Zone (DAFZ). Ms. Amna Lootah, Director General, Dubai Airport Free Zone (DAFZ) inaugurated the new office in the presence of Mr. M P Ahammed, Chairman, Malabar Group; Mr. K P Abdul Salam, Vice Chairman, Malabar Group; Mr. Shamlal Ahamed, Managing Director – International Operations;Mr. Asher O, Managing Director – India Operations;Mr. Mayinkutty C, Senior Director, Malabar Group; Mr. Faisal A K, Head of Manufacturing, Malabar Gold & Diamonds; Mr. Aparesh Chatterjee, Head – Merchandising & SCM (Diamond & Studded); Mr. Arif Abdulhamid AlKhoori, Senior Vice President – Customer Care, DAFZ; other key officials from DAFZ, Malabar Gold & Diamonds’ management team members and well-wishers. The new officewill serve as the cornerstone of the brand’s international studded supply chain operations.

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Business & Investments

CEO Clubs Members Mark Successful Visit to the Cuban Embassy in Abu Dhabi, UAE

Abu Dhabi, June 25, 2024 – CEO Clubs proudly mark another milestone achievement with a successful visit to the Cuban Embassy in Abu Dhabi. This exclusive event brought together esteemed members to foster stronger economic and cultural ties between the UAE and Cuba.

His Excellency Norberto Carlos Escalona Carrillo, the Ambassador of Cuba, warmly welcomed the delegation and delivered an insightful presentation on Cuba’s investment landscape with the key highlights of investment Information, opportunities, regulations, procedures, trade engagement, and guarantees

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Technologies

Freshworks Unveils New Data Center in UAE to Serve Customers Across Middle East and Africa

Dubai, UAE – June 27, 2024 –Freshworks Inc. (NASDAQ: FRSH) today announced the launch of its new data center, powered by Amazon Web Services (AWS), in the UAE. This underscores Freshworks’ commitment to driving innovation across the Middle East and Africa (MEA) by making it easier for businesses to harness the full power of its modern, AI-powered customer and employee service solutions.

“We are thrilled to further strengthen our presence in MEA with the new data center in UAE,” said Abe Smith, Chief of Global Field Operations at Freshworks. “This investment demonstrates our dedication to supporting the growth and digital transformation of businesses in the region.

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Business & Investments

CEOs Consultative Council of UAE Banks Federation holds second meeting of 2024

 Abu Dhabi, United Arab Emirates; 27 June 2024: The CEOs Consultative Council of UAE Banks Federation, the sole representative and unified voice of UAE banks, held its second regular meeting for the current year yesterday (26 June 2024) under the chairmanship of H.E. Mohammed Omran Al Shamsi, Vice Chairman of UAE Banks Federation and Chairman of the Board of Directors of Ras Al Khaimah National Bank, to discuss developments in the banking sector and the Federation’s plans to be implemented in the second half of the year.

Participants at the meeting reviewed the steps taken by the Federation in the first half of the year to implement its strategy, plans and programmes, as well as the significant achievements made during this period to keep pace with the rapid developments in the banking sector.H.E. Mohammed Omran Al Shamsi, Chairman of the CEOs Consultative Council, said: “The banking sector has witnessed many remarkable developments in the first half of this year that have strengthened the sector’s leading position and helped cement the UAE’s position as a global financial and banking centre under the direct supervision of Central Bank of the UAE.

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Real Estate

When We Say Bali, We Understand Magnum Estate

The market in the Eastern region is sophisticated and difficult to impress or please with new investment projects around the world, but at the AIM Investment Congress in Abu Dhabi, investors were pleasantly surprised by the opportunities and new phase of economic development… Asia, particularly Indonesia and Bali, is a daring player on the global stage with limitless possibilities.

Indonesia and Bali are gaining popularity among tourists and investors. Magnum Estate‘s participation in the AIM Congress highlighted the international investment cluster’s interest in the Indonesian real estate market. Magnum Estate is a leader in the luxury real estate segment in Bali.

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