22nd October 2025, Dubai, UAE – Nolte Küchen, Germany’s leading premium kitchen brand, is strengthening its presence in the Middle East as part of a renewed global growth strategy rooted in German design excellence and craftsmanship. Having been present in the UAE market since 2007 with Universal Trading Company (UTC), in a mutually agreed step to further ensure market development and expansion. The brand will now transition to a direct-to-consumer model under its new mainland entity, Nolte UAE.
Selva Kumar Rajulu Managing Director at Nolte FZE Dubai
The National Bank of Umm Al Qaiwain (NBQ) has delivered a strong financial performance in the first nine months of 2025, with profits after tax reaching AED 465 Mn, a 16% increase compared to the corresponding period in 2024.
NBQ CEO Mr. Adnan Alawadhi
Total assets reached AED 21.8 Billion as of 30 September 2025, are up 32% compared to AED 16.5 Billion by end of September 2024, with net loans and advances rising 20% to AED 8.7 Billion, and customer deposits growing 45% to AED14.7 Billion over the same period. Shareholders equity grew by 10% to AED 6.4 Billion.
Malabar Gold & Diamonds, the 5th largest jewellery retailer globally with over 410 showrooms across 14 countries has recently launched 2 new showrooms and 1 relocated& revamped showroom in India as part of their global expansion plan. The new showrooms were opened in Durgapur in West Bengal and Kota in Rajasthan and the revamped showroom was launched at Pitampura in Delhi.
Malabar Gold & Diamonds has launched 2 new showrooms in West Bengal & Rajasthan and 1 relocated & revamped showroom in Delhi as part of their global expansion plan. The new showroom in Durgapur, West Bengal was inaugurated by acclaimed Bengali actress and brand ambassador of Malabar Gold & Diamonds, Ms. Rukmini Maitra. The new showroom at Kota, Rajasthan was inaugurated by Mr. Sandeep Sharma, MLA from Rajasthan. The relocated & revamped showroom of Malabar Gold & Diamonds in Delhi at Pitampura was inaugurated by acclaimed Bollywood actor and brand ambassador of the brand, Mr. Anil Kapoor. Mr. Asher O, MD-India Operations, Malabar Gold & Diamonds; Mr. P.K Siraj, Retail Operations Head at Malabar Gold & Diamonds; Mr. N.K Jishad, Regional Head-North India at Malabar Gold & Diamonds, other senior management team members from Malabar Gold & Diamonds, customers and well-wishers were present.
Dubai, UAE — October 2025: Selini Capital, a global digital-asset trading and investment firm, has been awarded a Virtual Asset Service Provider (VASP) licence by the Virtual Asset Regulatory Authority (VARA) in Dubai. The licence allows Selini to offer its full suite of broker-dealer and over-the-counter (OTC) trading services to qualified and institutional investors worldwide, under Dubai’s robust regulatory framework.
UAE News 24/7 