Category Archives: Business & Investments

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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Business & Investments

UAE’s Largest Bank FAB Relocates to New London Address Cementing 48-Year Legacy in the UK

London and Abu Dhabi – 1 August 2025 – First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, today marked a major milestone with an official opening of its new London branch. The new relocation celebrates FAB’s nearly five-decade presence in the UK and affirms the bank’s commitment to London as a key global financial hub.

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