Daily Archives: March 19, 2025

Business & Investments

Malabar Gold & Diamonds to Open 12 New Showrooms in March, Expands Global Retail Network to 391 showrooms across 13 countries

Malabar Gold & Diamonds, the world’s 6th largest jewellery retailer, is set to launch 12 new showrooms by March 2025 to further strengthen its presence across India. The latest expansion drive will take the total international showroom count to 391 showrooms across 13 countries, with presence in 19 states across India.

The new showrooms will be located at Panvel in Mumbai, Sinhagad Road in Pune, Brahmapur and Soubhagya Nagar in Odisha; Dhanbad in Jharkhand, Hospet, Nagarbhavi and Chitradurgain Karnataka; Nandyal, Amalapuram, Machilipatanam in Andhra Pradesh and Varanasi in UP.

Malabar Group has invested over USD 69 Millionfor this expansion phase and has hired 406 employees in various roles this financial year.

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Business & Investments

One in Four GCC Companies Plan to Spend More than $25 Million On AI in 2025, According to the Latest BCG Report

  • In the GCC, 66% of executives expect AI to boost productivity, however, the need to upskill existing talent to meet AI needs is equally important
  • 81% of GCC companies plan to increase tech investments in 2025, surpassing the global average of 73%
  • 72% of GCC companies rank AI/GenAI as a top three strategic priority for 2025

Dubai, March 19, 2025 — Artificial Intelligence (AI) remains a top priority for business leaders worldwide in 2025, with a strong focus on achieving tangible results from AI initiatives. According to the latest findings from Boston Consulting Group (BCG)’s AI Radar global survey, one in three companies globally plans to allocate over $25 million to AI this year, while in the GCC, one in four companies is set to make a similar level of investment. The survey, including input from 1,803 C-level executives across 19 markets and 12 industries, highlights a widespread optimism about AI’s potential, tempered by significant challenges in realizing its full value.

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Business & Investments

Emirates Gold Celebrates 33 Years of Excellence with Strategic Expansion Plans and the Launch of the ‘Arabian Heritage’ Collection

Dubai, UAE – March 2025 – Dubai, UAE – 14 November 2024 – Emirates Gold, the first UAE Good Delivery (UAEGD) certified refinery and Dubai’s pioneering gold refinery accredited by the DMCC, proudly marks its 33rd anniversary as a global leader in the precious metals industry. Over three decades, the company has built a stellar reputation, producing and selling over 100 million coins and investment bars worldwide—a testament to its unwavering commitment to quality, reliability, and innovation.

To commemorate this milestone, Emirates Gold proudly unveils the exclusive ‘Arabian Heritage’ collection—a distinguished series of gold bars featuring intricate designs inspired by iconic Arabian symbols. This collection celebrates the region’s rich cultural heritage, combining exceptional craftsmanship with timeless artistry. It provides investors with a premium product that embodies the traditions and legacy of the UAE and the broader Arabian region.

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Business & Investments

ADIB launches the 2025 Financial Education Programme to Foster Financial Literacy Across the UAE

UAE, Abu Dhabi, 19 March 2025: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, has launched the 2025 ADIB Financial Education Programme (FEP), a strategic initiative designed to empower individuals across all age groups with essential financial knowledge in both Arabic and English.

In 2024, the programme engaged over 1000 participants through interactive and tailored financial literacy sessions, reinforcing ADIB’s commitment to financial empowerment and lifelong learning. The programme is part of ADIB’s Environmental, Social, and Governance (ESG) strategy, aligning with the UAE leadership’s vision for economic sustainability and skill development.

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Health Care

H.H. Sheikh Khaled bin Mohamed bin Zayed attends Cleveland Clinic Abu Dhabi’s 10th anniversary celebration

Abu Dhabi, 18 March 2025: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the 10th anniversary celebration of Cleveland Clinic Abu Dhabi, part of the M42 group, at Emirates Palace Mandarin Oriental in Abu Dhabi.

The event was attended by a number of senior officials and a distinguished group of global healthcare leaders. During the event, Cleveland Clinic Abu Dhabi’s journey and achievements were highlighted, along with its role in advancing the UAE’s healthcare sector.

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