Category Archives: Business & Investments

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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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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Business & Investments

اتفاقية تفاهم بين نادي الجزيرة ومجموعة مير لتحويل محيط ملعب محمد بن زايد إلى وجهةتجارية حيوية

اتفاقية تفاهم بين نادي الجزيرة ومجموعة مير لتحويل محيط ملعب محمد بن زايد إلى وجهة تجارية حيوية  

أبوظبي، الإمارات العربية المتحدة – 8 سبتمبر 2025: أعلنت مجموعة مير ش.م.ع. المدرجة في سوق أبوظبي للأوراق المالية تحت الرمز (MAIR) (“مير” أو “المجموعة”)، وهي شركة تعنى بالاستثمارات الاستراتيجية في قطاعي التجزئة والعقارات التجارية في دولة الإمارات، ونادي الجزيرة الرياضي، أحد أكبر وأنجح الأندية الرياضية في دولة الإمارات، عن اتفاقية تفاهم تصبح بموجبها مجموعة مير شريكاً رسمياً لنادي الجزيرة في تطوير مشروع مشترك. وتم التوقيع على الإتفاقية خلال المراسم التي أقيمت في ملعب محمد بن زايد، بحضور جمال سعيد النعيمي، الرئيس التنفيذي لمجموعة نادي الجزيرة، ونهيان حمد العامري، العضو المنتدب والرئيس التنفيذي لمجموعة مير.

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Business & Investments, Featured

MAIR Group and Al Jazira Club Sign MoU to Transform Surroundings of MBZ Stadium into a Landmark Commercial Destination

ABU DHABI, UAE – 8 September 2025: MAIR Group PJSC (ADX: MAIR) (“MAIR” or the “Group”), a strategic investment company focused on grocery retail and commercial real estate in the UAE, and Al Jazira Sports Club, one of the largest and most successful sports clubs in the UAE, announced a Memorandum of Understanding (MoU) under which MAIR Group will become the official partner of Al Jazira Club in the development of a joint venture.

The agreement was signed during a ceremony held at the Mohamed bin Zayed (MBZ) Stadium, in the presence of Jamal Saeed Al Nuaimi, Group CEO of Al Jazira Club; and Nehayan Hamad Alameri, Managing Director and CEO of MAIR Group.

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Business & Investments

OQ AND SOMO SIGN TWO MEMORANDA OF COOPERATION IN A STRATEGIC PARTNERSHIP TO STRENGTHEN ENERGY COLLABORATION BETWEEN OMAN AND IRAQ

  • The first involves storing 10 million barrels of Iraqi oil in Ras Markaz in Duqm.
  • The second focuses on marketing Iraqi oil in global markets through OQ Trading.

Muscat, 08 September 2025 – In a milestone for bilateral energy co-operation, OQ, Oman’s global energy investment group, has signed two strategic Memoranda of Understanding (MoUs) through its subsidiaries — the Oman Tank Terminal Company (OTTCO) and OQ Trading — with Iraq’s State Oil Marketing Organization (SOMO), the federal oil marketing arm of the Iraqi Ministry of Oil.

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