Category Archives: Business & Investments

Business & Investments

GCC Family Offices Emerge as New Venture Capital Powerhouses

GCC Family Offices Emerge as New Venture Capital Powerhouses Amid Global Tech Push78 percent of family offices globally plan to invest in digital assets in the next two to three years, redefining the future of private capital

24 April 2025, Dubai, United Arab Emirates – Family offices in the GCC are undergoing a significant transformation. Once focused primarily on managing & preserving wealth, these entities are now embracing high-growth strategies that resemble the behavior of venture capital firms. A new report by LOGIC Consulting, titled “Beyond Wealth: How Family Offices Are Shaping the Future of Investment”, reveals that 78 percent of family offices globally are planning to invest in digital assets over the next two to three years. This shift highlights how these entities are moving toward innovation-driven and tech-focused investment models.

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Business & Investments

ADNOC Distribution and noon Enter Strategic Partnership to Redefine Quick-Commerce Convenience and Speed

  • Partnership to offer UAE customers faster, more efficient ways to order online, creating new shopping experiences that prioritize seamlessness and convenience
  • Will create new revenue streams by expanding the reach of both ADNOC Oasis and noon Minutes, bringing 15-minute delivery pledge to more customers than ever before
  • New noon Minutes fulfilment hubs to be placed within ADNOC Distribution service stations – the UAE’s largest network of retail locations
  • ADNOC Oasis products ordered through the ADNOC Distribution App will be delivered by noon riders, bringing the UAE’s most popular convenience store brand to customers with the most advanced quick-commerce logistics in the Middle East
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Business & Investments

Chamber leads trade mission with participation of 20 Dubai-based companies as part of ‘New Horizons’ initiative

Dubai Chamber of Commerce organises 252 bilateral business meetings in Luanda to enhance cooperation between companies in Dubai and Angola

  • H.E. Mohammad Ali Rashed Lootah: “We remain committed to building bridges of trade and investment cooperation between Dubai and countries around the world in support of our shared development goals and interests.”
  • Non-oil trade between Dubai and Angola reached a value of AED 7.8 billion during 2024, reflecting annual growth of 3.3%.
  • A total of 72 Angolan businesses were registered as active members of Dubai Chamber of Commerce as of the end of Q1 2025.
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Business & Investments

iD Fresh Food appoints Shobhit Malhotra as CEO – International Business to drive global expansion

Dubai, April 23, 2025: iD Fresh Food, India’s most loved fresh food brand, today announced the appointment of Shobhit Malhotra as Chief Executive Officer – International Business, effective immediately. The strategic move aligns with the company’s broader ambition of taking its brand global, starting with visionary leadership and focused investments in growth and market expansion.

In his new role, Shobhit will spearhead iD Fresh’s international journey, overseeing established operations in the GCC region and leading the brand’s entry into high-potential markets. His focus will be on product innovation tailored to local consumer preferences in each market, building strategic partnerships, and enhancing distribution networks to establish iD Fresh as a trusted, premium and global fresh food brand.

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Business & Investments

Mastercard research highlights urgent need for UAE SMEs to stay ahead of evolving cyber threats

  • 47% of small businesses in the country have experienced a cyberattack
  • Top five cyber threats to SMEs in the UAE include malware, digital skimming, hacking, phishing and ransomware
  • The survey notes that small businesses are actively seeking partners and solutions to bridge knowledge gaps and fortify defenses

Dubai, UAE; 23 April 2025: Readiness to tackle cyber threats has never been more critical to building a secure and resilient digital future for small businesses, according to Mastercard’s latest research on cybersecurity risks facing SMEs. The study was conducted across five countries worldwide among more than 5,000 small and medium business owners, including over 1,000 in the UAE.

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