All posts by uaenews247

Business & Investments

Malabar Gold & Diamonds Strengthens Presence in the USA with the Launch of its 6th Showroom, in Atlanta, Georgia

Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with over 375 showrooms across 13 countries, has launched its 6th showroom in the USA at Atlanta, Georgia. This significant addition strengthens the brand’s presence in North America, offering customers in Georgia access to an extensive collection of exquisite jewellery combined with world-class service.

The showroom was inaugurated by Mr. L Ramesh Babu, the Consul General of India at Atlanta in the presence ofMr. Joseph Eapen, Regional Head of North America, Malabar Gold & Diamonds;Mr. Jasar R, Branch Head at Malabar Gold & Diamonds, other community leaders, management team members from Malabar Gold & Diamonds, customers, media and well-wishers.

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Real Estate

Object 1 achieves massive year-over-year growth in Dubai’s premium real estate sector

Dubai, UAE, December 17, 2024: Object1, a fast-growing real estate developer, is making waves in Dubai’s thriving real estate market with remarkable growth and excellent projects. In just the past year, Object 1 has achieved unprecedented milestones, solidifying its position as a key player in the UAE’s dynamic real estate landscape.

Object 1 has launched over 9 high-quality projects and expanded its market share in key locations in Dubai. The company’s sales value grew by an impressive 913% year-over-year, solidifying its position as a premium real estate sector leader. The company has successfully sold over 860 units, with a 1059% increase in sales volume from the previous year. The developer’s portfolio spans residential properties and mixed-use developments, which has attracted strong demand, showcasing the market’s confidence in its offerings. This performance reflects not just growth but also the value Object1 has provided to its clients.

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Business & Investments

Swisslog to build new automated frozen food warehouse for Gias Srl

17 December 2024 – Gias Srl, a leading Italian company in the frozen food industry, has partnered with Swisslog to construct an advanced automated warehouse for frozen, semi-finished and finished products. Specializing in frozen vegetables, Gias supplies its products to retail, industrial, and catering customers worldwide.

This strategic investment marks a significant step in Gias’ automation journey, with the company’s vision for sustained growth. The new facility will be key in supporting anticipated demand and enhancing operational efficiency.

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Technologies

UAE-Founded Revibe Raises US$7Million Series A to Expand Sustainable Tech Business

  • By offering guarantee-backed refurbished devices the company has helped save over 4 million kgs of CO2 emissions while delivering savings of over US$14million to UAE consumers
  • This round adds to the US$2.3 million the firm raised in seed funding last year, and will be directed towards expansion of geographic footprint,and customer care and quality assurance teams

Dubai, United Arab Emirates – December 17, 2024 –Inless than two years since its launch, UAE-founded Revibe, the leader in guarantee-backed refurbished tech, has marked another milestone,having recently closed its Series A of US$7million in a round co-led by ISAI and Resonance, and featuring prominent investors such as Kima Ventures and Edouard Mendy. This follows a year of strongrevenue growth for the company. The fresh infusion of funds now strongly positions Revibeas the leader in the MENA region’s US$6billion refurbished consumer electronics segment.

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