Category Archives: Business & Investments

Business & Investments, Food & Dining

Alshaya Group Takes Over Starbucks in Greece and Cyprus

Alshaya Group acquires the Starbucks franchise in Greece and Cyprus and becomes the new exclusive owner and operator

KUWAIT – Wednesday 8 April 2026: Alshaya Group has today announced that it has acquired the Starbucks Greece & Cyprus licensed business, becoming the new exclusive owner and operator of the business, which was formerly operated by Marinopoulos family and led by Managing Director, Giannis Marinopoulos, who will return to the family business.

Opening in 2002, Starbucks Greece & Cyprus operates 30 stores in Greece and 18 in Cyprus and employs around 500 people.

As one of Starbucks’ largest and long-standing licensed partners across the world, since it’s first Starbucks in Kuwait in 1999, Alshaya Group now operates over 2,000 stores in 13 countries, offering the unique Starbucks experience to over one million customers every day.   

Saleh Alshaya, President of Starbucks at Alshaya Group, said: “With today’s announcement, we are continuing our vision of growth for our licensed Starbucks business, and we look forward to working with our new colleagues to offer even more choice for our customers to experience their favourite Starbucks coffee across Greece and Cyprus.  This is an exciting time for our business, and we look forward to a great future.”

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Business & Investments

The visit to the Sultanate of Oman included also a meeting with Sohar Industrial City

Dubai Chambers advances trade cooperation in meetings with Oman Chamber’s North Al Batinah Branch and SOHAR Port and Freezone

  • H.E. Mohammad Ali Rashed Lootah: “We are working to strengthen collaboration with the Sultanate of Oman to facilitate the smooth flow of bilateral trade and enhance logistics connectivity, opening new avenues for economic cooperation and reinforcing economic ties.”
  • The delegation met with the Oman Chamber of Commerce and Industry branch in Al Batinah North Governorate to enhance bilateral cooperation mechanisms across priority sectors.
  • The delegation visited SOHAR Port and Freezone and Sohar Industrial City (Madayn) to explore ways to improve the flow of goods, enhance supply chain resilience, and strengthen logistics integration between Dubai and Sohar.

Dubai, UAE – Dubai Chambers explored ways to strengthen the resilience of bilateral trade flows with the Sultanate of Oman during a visit today by a delegation led by H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to Sohar in Oman’s Al Batinah North Governorate.

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Business & Investments

Dubai Chamber Roundtable: Strengthening Gold and Jewellery Sector

Dubai Chamber of Commerce hosts roundtable with more than 70 gold and jewellery sector leaders to enhance its resilience

  • H.E. Mohammad Ali Rashed Lootah: “We are committed to developing an integrated ecosystem that supports the smooth and efficient flow of commercial and operational activities through strong public-private partnerships and close coordination with all relevant stakeholders.”

Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised a roundtable discussion attended by more than 70 business leaders from member companies of the Dubai Jewellery Group. The meeting focused on reviewing the latest developments, enhancing the sector’s agility, and strengthening its resilience amid current regional and international market conditions.

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Business & Investments

UAE’s Al Awadhi Reappointed Chair of IOSCO’s AMERC

UAE’s Global Regulatory Leadership Affirmed by CMA CEO Waleed Al Awadhi Reappointment as Chair of IOSCO’s Africa and Middle East Regional Committee

Abu Dhabi, 06 April 2026: H.E. Waleed Saeed Al Awadhi, Chief Executive Officer of the UAE Capital Market Authority (CMA), has been reappointed as Chair of the Africa and Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO) for the 2026–2028 term. AMERC, which H.E. Al Awadhi currently chairs, brings together 41 regulatory authorities (29 voting members and 12 associate non-voting members) across Africa and the Middle East and serves as a vital platform for regional collaboration.

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Business & Investments

MBME Group and Comera Financial Holdings Announce Strategic Collaboration

Abu Dhabi, United Arab Emirates — 07 April 2026

MBME Group, a UAE-based leader in technology solutions and digital transformation, has announced a strategic collaboration with Comera Financial Holdings, part of Abu Dhabi’s Royal Group. The collaboration will explore opportunities across digital payments, financial services, and merchant solutions within the UAE, united by a commitment to responsible and regulated financial innovation.

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