Category Archives: Business & Investments

Business & Investments

Summit Trading drives growth of Japanese food culture in the UAE and beyond

Abu Dhabi, 05 August 2025: For nearly fifty years, Summit Trading has been at the forefront of delivering authentic Japanese food to the UAE and the wider Middle East. The company now supplies approximately 70 per cent of all Japanese food distributed in the UAE, strengthening the country’s position as a strategic gateway for Japanese ingredients and cuisine throughout the region.

At the heart of this transformation is Mr. Shiro Ohkubo, a long-time UAE resident and the region’s first Japanese Food Goodwill Ambassador. Under his leadership at Summit Trading, Japanese food and agricultural imports into the UAE have increased from 400 million yen to over 2.6 billion yen over the past decade. This growth reflects not only rising demand but also a deepening cultural appreciation for Japanese cuisine across various communities.

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Business & Investments

Tanishq with Damas to redefine GCC Jewellery retail market

The strategic alliance of two trusted jewellery icons powers the brands rapid GCC expansion.

Dubai – 05 August 2025: Titan Company Limited, part of the Tata Group and parent company of Tanishq, is prepared to lead the retail jewellery market in the GCC with its recent acquisition of a 67 percent stake in Damas Jewellery, the century-old Dubai-headquartered luxury jewellery retailer.

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Business & Investments

IHC Delivers Significant Growth in H1 2025 with AED 54.7 Billion Revenue and AED 10.8 Billion Net Profit, Driven by Strategic Investments and a High-Performing Q2

Syed Basar Shueb: “Our H1 2025 results reflect the continued strength of IHC’s diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.”

  • IHC delivers 31.1% Revenue growth in H1 2025, reaching AED 54.7 billion, driven by strong performance across core verticals.
  • Group Net Profit reached AED 10.8 billion, reflecting enhanced operating leverage and disciplined execution of strategic investments.
  • Q2 2025 delivered one of IHC’s strongest quarters, with Revenue rising 22.5% YoY to AED 27.5 billion and Net Profit surging 55.3% to AED 6.7 billion.
  • Real Estate, Marine & Dredging, Hospitality & Leisure, and Financial Services were key contributors to topline growth and margin expansion.
  • Strategic initiatives included the launch of RIQ and Gridora, the Dirham-Backed stablecoin collaboration with ADQ and FAB, and expanded global engagement at the World Economic Forum in Davos.
Continue reading IHC Delivers Significant Growth in H1 2025 with AED 54.7 Billion Revenue and AED 10.8 Billion Net Profit, Driven by Strategic Investments and a High-Performing Q2 →
Business & Investments

UBF Highlights Importance of Ijarah of Identified Tangible Assets’ Standard in Strengthening Islamic Finance

Abu Dhabi, Dubai, United Arab Emirates – 5 August 2025:

The UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, reaffirmed its full support for the efforts of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in promoting global transparency and credibility in Islamic banking and finance.

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Business & Investments

Press Release Hotpack Awarded EcoVadis Gold, Joins Global Elite in Sustainability with Top 5% Global Ranking

Hotpack Awarded EcoVadis Gold, Joins Global Elite in Sustainability with Top 5% Global Ranking

Dubai, UAE–August 04, 2025: Hotpack, the UAE-headquartered leader in sustainable packaging &hygiene solutions, has been awarded the prestigious EcoVadis Gold Medal, placing the Hotpack Group in the top 5 per cent of more than 150,000 companies globally assessed by EcoVadis. This recognition reflects Hotpack’s strong commitment to sustainability, ethical business practices, and corporate social responsibility.

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