Category Archives: Business & Investments

Business & Investments

QBurst Deepens Middle East Commitment, Appoints Shivkumar Subramaniam To Lead From Dubai

Dubai, UAE, March 2026: QBurst, a design-led digital engineering company powered by High AI-Q™, has appointed Shivkumar Subramaniam as Regional Head, Middle East, based in Dubai, UAE.  The appointment underscores QBurst’s strategic commitment to building a locally-rooted presence in the Middle East and strengthening its ability to serve enterprises and governments across the region.  

Shivkumar Subramaniam, QBurst

The Middle East represents one of the most significant growth opportunities in the global technology services market. According to Deloitte & MBZUAI, State of AI in the Middle East 2025 report, over 80% of organizations in the region feel intense pressure to adopt AI, yet nearly half lack the talent and technology capabilities to scale it successfully, and a third report no returns from their AI initiatives. Closing that gap between AI adoption and AI value is the opportunity QBurst is positioned to capture.

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Business & Investments

Hotpack honors outstanding talent and innovation at ‘CEO Excellence Awards 2026’

Dubai, UAE – March 23, 2025: Hotpack, the UAE-based leader in sustainable packaging solutions, hosted its annual ‘CEO Excellence Awards 2026’ recently in Dubai, in recognition of the outstanding contribution of individual employees, teams and projects across the operations of the company.

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Business & Investments

Wio Bank PJSC reports AED 61 billion assets and record revenue of AED 1.24 billion in FY2025

  • In its third full year of operations, Wio Bank reported net profits of AED 622 million, reflecting 57% growth over 2024
  • More businesses and individuals chose Wio as their primary bank, with customer deposits soaring to AED 57 billion
  • Wio ranked as the most loved bank in the UAE across segments, with an NPS of 75 for Wio Business and 76 for Wio Personal, the highest in the industry
  • Wio’s robust balance sheet, impressive profitability, and strong shareholder base give it resilience and support the focus on long-term strategy
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Business & Investments

20 new showrooms in 20 days; Malabar Gold & Diamonds Announces Major Expansion with USD 172 Million Investment

Set to create 725 jobs across emerging and high-growth markets, strengthening Malabar’s leadership in jewellery retail

Malabar Gold & Diamonds, the 5th largest jewellery retailer globally has announced a major retail expansion with the launch of 20 new showrooms in just 20 days, marking one of the fastest showroom rollout initiatives in the Indian jewellery sector. The latest expansion drive will take the total global showroom count to 445 showrooms across 14 countries, with presence in 22 states and Union Territories across India further reinforcing its position as one of the most trusted and expansive jewellery retail chains in the world.

The expansion entails a total investment of USD 172 Million and is expected to generate over 725 employment opportunities, underlining the group’s continued commitment to India’s economic growth, job creation, and retail sector development.

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Business & Investments

5 Warehouse Challenges Automation Will Solve in MENA by 2026

Situated at the crossroads of global commerce, the GCC is tied to one of the world’s most important trade corridors, the Red Sea, which carries 12% of global trade. Regional economies are diversifying, strengthening their role in international supply chains and investing in advanced manufacturing and distribution zones. In turn, warehouse operators face mounting pressure to increase speed, resilience, and efficiency. Against these structural shifts, Swisslog highlights five warehouse challenges that automation is positioned to solve across MENA by 2026.

1. Labour shortages and rising costs

Warehouse processes such as picking and palletising can account for up to 60% of operational costs, with labour representing more than half of total warehouse expenditure. In high-demand logistics corridors, large turnover in manual roles and increasing wage expectations are intensifying pressure on operators to do more with fewer people.

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