Daily Archives: February 26, 2025

Business & Investments

Invictus Investment’s commodity transaction volumes surge 45% YoY to reach 2 million metric tonnes in the first six weeks of 2025

Product diversification and market expansion drive milestone achievement

Dubai, United Arab Emirates, 26 February 2025:  Invictus Investment Company Plc (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, announced that it has surpassed 2 million metric tonnes in commodity transaction volumes as of February 12, 2025. This represents a 45% increase compared to the same period in 2024, putting the company on a strong growth trajectory for the full year.

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Business & Investments

O Gold and Monetary Metals Unveil Pioneering Gold Leasing Model

–     Investors can now lease as little as 0.1 gram of gold and earn up to 16% annually

Dubai, UAE – February 26, 2025: O Gold, the first Emirati app for fractional gold and silver ownership, has officially launched its collaboration with Monetary Metals, a global leader in gold leasing. The two companies have spent months collaborating to develop an innovative investment model that enables gold owners to generate substantial returns by leasing their holdings. The launch event, held in Dubai, brought together key industry leaders, stakeholders, and media representatives, marking a milestone in the evolution of gold investments.

(L-R): Mr. Mark Pey, Country Manager (UAE) – Monetary Metals, Mr. Mohamed Al-Mansouri, Co -founder, O Gold, Mr. Bandar Al-Othman, Chairman – O Gold, and Eng. Ahmed Abd El Tawab, CEO – O Gold.

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Ramadan Kareem

Light Up Your Ramadan at Mercato and Town Centre Jumeirah & Win Daily Prizes!

As the Holy Month of Ramadan approaches, Mercato is set to embrace the season of reflection and generosity with beautifully themed traditional décor, creating a warm and spiritual ambiance for visitors.

In the true spirit of giving, Mercato is once again partnering with Emirates Red Crescent and Dubai Islamic Affairs to launch “Share Your Blessings”—a month-long charity initiative. Shoppers are encouraged to donate essential items such as toys, books, daily necessities, and non-perishable food. Donation boxes will be conveniently placed at Mercato’s main entrance, making it easy for visitors to contribute throughout Ramadan.

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Real Estate

Sugee Group Expands into UAE. Committed to develop ~15mn sq ft in 3 years

Leading real estate developer with 35 years of legacy and presence in Mumbai and Lisbon, now in UAE with premium residential projects in RAK & Dubai

Dubai, UAE, 25 February, 2025 – Sugee Group, a distinguished real estate developer with over 35 years of expertise, headquartered in Mumbai, has announced its strategic expansion into the UAE with over 15 million sq. ft. the next three years. With a strong presence in Mumbai & Lisbon, Ras Al Khaimah and Dubai are next on the charts for this leading developer. This marks the beginning of a new chapter for Sugee Group’s expansion strategy, beginning with key developments to be announced in Al Marjan, Ras Al Khaimah within the next 60 days, and another project in RAK Central to follow soon.

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Technologies

Synology Highlights Next-Gen Data Protection for MEA Enterprises Ahead of World Back up Day

Introduces the ActiveProtect Appliance Series, a next-gen backup and recovery solution that offers robust cyber resilience for modern enterprises.

February 26, 2025 – Targeting the enterprise data protection market in the Middle East, Synology Inc. unveiled its new ActiveProtect Appliance series, designed for fast deployment and efficient data protection. With World Backup Day approaching, Synology underscores the critical need for mid-sized to large enterprises to safeguard against data loss, breaches, and ransomware.

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