Category Archives: Business & Investments

Business & Investments

Cedar-IBSiCapital taps key LP commitment fromPrivate Department of H. E. Sheikh Mohamed bin Khalid Al Nahyanfor India FinTech fund

Cedar-IBSi Capital announced its First Close in 2024 and is currently backed by multiple Indian institutional investors including Muthoot Finance, IIFL Capital, and a clutch of family offices. The fund is now one of the region’s only sector specialist funds focused on enterprise software for the Financial Services industry.

Abu Dhabi, October 10, 2025:Cedar-IBSiCapital has received a key commitment fromKSH Investments, the strategic Global investment and Wealth Management arm of the Private Department of H. E. Sheikh Mohamed bin Khalid Al Nahyanin Abu Dhabi,for its debut fund. The fund has firmed up its positioning of being one of the region’sonlysector specialist FinTech funds, with a sharp focus on B2B and enterprise software for the Financial Services industry.

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Business & Investments

K-Food Express: Bringing the Flavor Highlight of Authentic Korean Cuisine Across the UAE & Saudi Arabia

The K-Food Express Halal Food Truck Campaign, organized by the aT Center – Korea Agro-Fisheries & Food Trade Corporation, continues its flavorful journey this November, marking another exciting chapter in its mission to bring the authentic taste of halal-certified Korean cuisine to the UAE and Saudi Arabia.

This unique campaign aims to introduce and promote halal-certified Korean food products to local consumers while celebrating the growing connection between Korean culture and Middle Eastern communities.

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Business & Investments

GCC Ranks 2nd Globally as an AI Powerhouse: High Adoption, Strong Leadership, and Bold Transformation

  • 78% of frontline employees in the GCC use GenAI regularly – second-highest adoption rate globally and 27 percentage points above the global average.
  • 55% of frontline employees receive clear AI guidance from leadership, more than double the global average (25%).
  • 64% of companies are redesigning end-to-end workflows and processes to reimagine functions, positioning the region as a leader in AI-driven business reshaping.
  • 52% of respondents understand AI agents (vs. 33% globally), and 91% believe they are key to future success.

Dubai, UAE, November5, 2025–As AI becomes more mainstream, optimism and confidence in the GCC are notably higher than global averages, according to Boston Consulting Group’s (BCG) latest “From Pilots to Progress: AI at Work in the GCC” study. The survey reveals that in 2025, the region ranked 2nd globally in AI adoption, supported by strong leadership and effective digital transformation.

The survey highlights that 58% of GCC respondents expressed optimism (up 9 percentage points from 2024)and 45% reported confidence. These figures surpass global averages, indicating a strong regional embrace of AI.

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Business & Investments

DUBAI DESIGN WEEK 2025 UNVEILED

– 11TH EDITION OF THE REGION’S PREMIERE DESIGN FESTIVAL OPENS-

  • The region’s design festival has kicked off at Dubai Design District (d3), featuring over 30 large-scale installations that explore design as a social connector through spatial typologies, material intelligence and cultural nuance, from regional and international architects, design studios, brands and institutions.
  • Downtown Design, the Middle East’s leading design fair for quality and contemporary design opens today, alongside Editions Art and Design, showcasing limited-edition art and design.
  • Dubai Design District (d3) presents the d3 Architecture Exhibition in partnership with the Royal Institute of British Architects (RIBA) Gulf Chapter to showcase works by leading international and regional architectural firms.
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Business & Investments

Sukoon Insurance and Sukoon Takaful Sign Strategic Agreement with Emirates Association for Lawyers and Legal

November 4, 2025

Dubai, United Arab Emirates

Sukoon Takaful, along with group entity, Sukoon Insurance, has signed a strategic cooperation agreement with the Emirates Association for Lawyers and Legalto provide insurance and takaful services at competitive terms. This partnership marks a significant milestone in enhancing insurance and takaful benefits for legal professionals across the UAE.

At a recent ceremony, the agreement was signed by Zayed Saeed Al Shamsi, Chairman of the Board of the Emirates Association for Lawyers and Legal; Hammad Khan, Interim CEO and Chief Financial Officer of Sukoon Insurance; and Ahmed Abushanab, CEO of Sukoon Takaful. This collaboration reflects a shared commitment to supporting the legal community.

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