Daily Archives: September 8, 2025

Business & Investments

Moody’s Ratings upgrades United Arab Bank’s deposit ratings to Baa2

Consecutive upgrade in last 2 years reflects the remarkable improvements in asset quality, profitability and solvency

UAE, September 05, 2025: United Arab Bank (UAB) announced that the global credit rating agency Moody’s has upgraded the Bank’s long-term and short-term foreign and local currency deposit ratings to Baa2/P-2 from Baa3/P-3, and assigned a stable outlook. The agency also upgraded the Bank’s Baseline Credit Assessment (BCA) to ba2 from ba3, and its Adjusted BCA to ba1 from ba2.

Shirish Bhide_CEO of United Arab Bank

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Technologies

Ansarada Accelerates Growth Across The Middle East With AI-Driven M&A Deal Technology

  • The expansion aims to support the region’s vision to become a leading global hub for business, innovation, and tourism, emphasising economic diversification, sustainable development, and digital transformation
  • Helping dealmakers make smarter decisions with AI-driven insights, trusted by top corporates and advisors
  • Q2 market data shows rising deal activity and high-value cross-border transactions

UAE – September 8, 2025: Ansarada, a global leader in virtual data room (VDR) technology, today announced its further expansion into the Middle East, delivering AI-powered dealmaking tools designed to accelerate the region’s historic economic transformation.

Justin Smith, Managing Director, Ansarada

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Travel & Tourism

CONNECT. XCITE 2025 MENA Strengthens Its Position as the Premier Luxury Travel Platform.

Dubai, UAE – September 8, 2025: The second edition of CONNECT. XCITE MENA, formerly known as Connect. China, held from 31 August to 7 September 2025 across Dubai, Ras Al Khaimah, and Doha, has concluded with resounding success. The event reinforced its position as the premier platform connecting China and Singapore’s most influential luxury travel buyers with the MENA region’s most prestigious hospitality and lifestyle experiences.

This year’s theme, “The Dream – For Dream Explorers,” set the stage for a week-long journey that seamlessly blended curated business networking, exclusive destination showcases, and unforgettable cultural immersions.

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Business & Investments

Kareena Kapoor Khan Launches 2 Flagship Showrooms of Malabar Gold & Diamonds in UK at Birmingham & Southall

Malabar Gold & Diamonds continues its global expansion spree

Malabar Gold & Diamonds, the world’s 5th largest jewellery retailer with over 400 showrooms across 13 countries, has proudly expanded its UK footprint with the launch of their 2 new flagship showrooms at Birmingham & Southall. Acclaimed Bollywood actress & brand ambassador of Malabar Gold & Diamonds, Kareena Kapoor Khan inaugurated the showrooms, marking a significant milestone in the brand’s growing influence in the international jewellery sector.

Mr. M.P. Ahammad, Chairman of Malabar Group; Mr. Abdul Salam K.P, Vice Chairman of Malabar Group; Mr. Shamlal Ahamed, MD–International Operations, Malabar Gold & Diamonds; Mr. Mayankutty C, Senior Director of Malabar Group; Mr. Ameer CMC, Director – Finance & Admin ; Mr. A K Faisal, Group Executive Director; other senior management team members from Malabar Gold & Diamonds, community leaders, valued customers, and well-wishers were present for the occasion.

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Education

RIT Dubai and Fincasa Ventures Sign MOU to Drive Innovation, Fintech Collaboration, and Student Opportunities

New partnership to promote research, education and entrepreneurship

Dubai, UAE — [September 08,2025] Rochester Institute of Technology of Dubai (RIT Dubai) has signed a Memorandum of Understanding (MOU) with Fincasa Ventures LLC, a leading firm in corporate services and innovation funding, to advance collaboration in education, research, and the development of the UAE’s innovation ecosystem.

Dr. Yousef Al Assaf, President of RIT Dubai and Mr.  Varis Sayed, CEO of Fincasa Ventures

The agreement sets out a framework for cooperation in internships, student placements, research, consultancy, and joint seminars, with a particular focus on innovation funding and start-up sponsorships. Fincasa Ventures aims to back RIT Dubai’s student and alumni start-ups, providing pathways for sponsorship and growth.

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