Monthly Archives: August 2025

Business & Investments

Summit Trading drives growth of Japanese food culture in the UAE and beyond

Abu Dhabi, 05 August 2025: For nearly fifty years, Summit Trading has been at the forefront of delivering authentic Japanese food to the UAE and the wider Middle East. The company now supplies approximately 70 per cent of all Japanese food distributed in the UAE, strengthening the countryโ€™s position as a strategic gateway for Japanese ingredients and cuisine throughout the region.

At the heart of this transformation is Mr. Shiro Ohkubo, a long-time UAE resident and the regionโ€™s first Japanese Food Goodwill Ambassador. Under his leadership at Summit Trading, Japanese food and agricultural imports into the UAE have increased from 400 million yen to over 2.6 billion yen over the past decade. This growth reflects not only rising demand but also a deepening cultural appreciation for Japanese cuisine across various communities.

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Technologies

Cloudera Acquires Taikun to Deliver Cloud Experience to Data Anywhere for AI Everywhere

Acquisition accelerates Clouderaโ€™s mission to enable enterprises to take back control of their data estates across any environment

Dubai, UAE,  August 5, 2025 โ€“ Cloudera, the only data and AI platform company that brings the cloud anywhere, today announced its acquisition of Taikun, a leading platform provider for managing Kubernetes and cloud infrastructure across hybrid and multi-cloud environments. With this move, Cloudera accelerates the deployment and delivery of the complete Cloudera platform, including Data Services and AI anywhere โ€“ from the public clouds to on-prem data centers to sovereign and air-gapped environments โ€“ all through a unified control plane.

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Food & Dining

Absolute Barbecues Dubai Unveils Irresistible Summer Weekday Buffet Offers

Dubai, United Arab Emirates โ€“August 2025: This summer, Absolute Barbecues (ABโ€™s), Dubaiโ€™s beloved barbecue buffet destination, is turning up the heat with weekday deals that are impossible to resist. Born in India from a passion for flame-grilled feasts and festive dining, ABโ€™s brings together unlimited starters, mains, and desserts in a vibrant, carnival-inspired setting.

From now until 31 August 2025, diners can indulge in a lavish spread at special summer prices:

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Business & Investments

Tanishq with Damas to redefine GCC Jewellery retail market

The strategic alliance of two trusted jewellery icons powers the brands rapid GCC expansion.

Dubai โ€“ 05 August 2025: Titan Company Limited, part of the Tata Group and parent company of Tanishq, is prepared to lead the retail jewellery market in the GCC with its recent acquisition of a 67 percent stake in Damas Jewellery, the century-old Dubai-headquartered luxury jewellery retailer.

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Business & Investments

IHC Delivers Significant Growth in H1 2025 with AED 54.7 Billion Revenue and AED 10.8 Billion Net Profit, Driven by Strategic Investments and a High-Performing Q2

Syed Basar Shueb: โ€œOur H1 2025 results reflect the continued strength of IHCโ€™s diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.โ€

  • IHC delivers 31.1% Revenue growth in H1 2025, reaching AED 54.7 billion, driven by strong performance across core verticals.
  • Group Net Profit reached AED 10.8 billion, reflecting enhanced operating leverage and disciplined execution of strategic investments.
  • Q2 2025 delivered one of IHCโ€™s strongest quarters, with Revenue rising 22.5% YoY to AED 27.5 billion and Net Profit surging 55.3% to AED 6.7 billion.
  • Real Estate, Marine & Dredging, Hospitality & Leisure, and Financial Services were key contributors to topline growth and margin expansion.
  • Strategic initiatives included the launch of RIQ and Gridora, the Dirham-Backed stablecoin collaboration with ADQ and FAB, and expanded global engagement at the World Economic Forum in Davos.
Continue reading IHC Delivers Significant Growth in H1 2025 with AED 54.7 Billion Revenue and AED 10.8 Billion Net Profit, Driven by Strategic Investments and a High-Performing Q2 →