Category Archives: Business & Investments

Business & Investments

Dubai Chamber of Commerce organizes workshop to highlight importance of sustainability reporting

Session attracted 147 participants from private sector companies

Dubai Chamber of Commerce organise workshop to highlight importance of sustainability reporting

Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised a virtual workshop on sustainability reports. The online session highlighted the important role played by sustainability reporting in enhancing transparency surrounding Environmental, Social, and Governance (ESG) standards for investors, consumers, and regulatory bodies.

Continue reading Dubai Chamber of Commerce organizes workshop to highlight importance of sustainability reporting →
Business & Investments

The Arab Energy Fund reports record financial results, celebrating a transformative year

  • Net income surges by 18% YoY to reach USD 266mn
  • Total assets grew by 10.5% YoY to reach USD 10.9bn
  • Results driven by asset growth, increased efficiencies, and a favorable interest environment

Saudi Arabia, 28 March 2025 – The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, today announced its financial results for the fiscal year ending December 31, 2024.

The Fund achieved a record performance with the highest-ever net income, driven by strong asset growth across all business lines, increased efficiencies, and a favourable interest rate environment.

Continue reading The Arab Energy Fund reports record financial results, celebrating a transformative year →
Business & Investments

Vinsmera Group to Invest ₹2,000 Cr in Jewellery Retail and Manufacturing Expansion in UAE and India

Dubai, 27.03.2025: Vinsmera Group, a global jewellery enterprise promoted by the Kambrath brothers – Dinesh Kambrath, Anil Kambrath, Manoj Kambrath, and Krishnan Kambrath – has announced an investment of ₹2,000 crore over the next two years to establish a premium jewellery retail chain and advanced manufacturing units in the UAE and India. This expansion aligns with Group’s vision to redefine jewellery retail with innovation, sustainability, and world-class craftsmanship.

Continue reading Vinsmera Group to Invest ₹2,000 Cr in Jewellery Retail and Manufacturing Expansion in UAE and India →
Business & Investments

Modon and Elsewedy Industrial Development collaborate to launch industrial zone for Ras El Hekma, Egypt

Abu Dhabi, UAE; 27 March 2025: Modon Holding P.S.C (“Modon”), an Abu Dhabi-based holding company, and Egypt’s Elsewedy Industrial Development have signed a letter of intent (LOI) to build and operate a new industrial zone servicing the Ras El Hekma city megaproject in Egypt.

The 10 million sqm new industrial zone,located south of the Alexandria-Matrouh Highway and opposite the Ras El Hekma site being developed by Modon,will initially focus on attracting investors and manufacturers forbuilding materials for the wider project – ensuring timely, cost-effective construction while introducing advanced, sustainable materials. With strong connectivity to major roads, airports, and the high-speed rail network, the zone will enhance and localise supply chains as the development progresses.

Continue reading Modon and Elsewedy Industrial Development collaborate to launch industrial zone for Ras El Hekma, Egypt →
Business & Investments

Dubai set to open a new gold hub that will boost the US$382 billion annual jewellery sale

With increase in sales, Dubai needs to build a new gold and diamond jewellery hub that will further reinforce is position as the City of Gold

Date: Dubai, UAE; March 27, 2025

Dubai, which has solidified its position as the world’s best destination for gold and diamond jewellery as well as bullion trade, is in need of a new gold hub, that could cater to a wider consumer base amongst UAE residents and tourists, many of whom visit Dubai to buy gold and diamond jewellery for social occasions including festive shopping and weddings.

Mr. Mohammed Suhaib, Managing Director of Unique World Group,

The value of the jewellery market is expected to increase from about US$270 billion in 2022 to over US$330 billion by 2026, according to Statista, a global market intelligence provider.

Continue reading Dubai set to open a new gold hub that will boost the US$382 billion annual jewellery sale →