Category Archives: Business & Investments

Business & Investments

Malabar Gold & Diamonds Enhances International Operations with New Supply ChainOffice in Dubai Airport Free Zone (DAFZ)

  • The new office will serve as the cornerstone of the brand’s international studded supply chain operations.
  • Equipped with exceptional infrastructure and facilities, including a product development centre.

Malabar Gold & Diamonds, the sixth-largest jewellery retailer, has opened its new state-of-the-art supply chain office in Dubai Airport Free Zone (DAFZ). Ms. Amna Lootah, Director General, Dubai Airport Free Zone (DAFZ) inaugurated the new office in the presence of Mr. M P Ahammed, Chairman, Malabar Group; Mr. K P Abdul Salam, Vice Chairman, Malabar Group; Mr. Shamlal Ahamed, Managing Director – International Operations;Mr. Asher O, Managing Director – India Operations;Mr. Mayinkutty C, Senior Director, Malabar Group; Mr. Faisal A K, Head of Manufacturing, Malabar Gold & Diamonds; Mr. Aparesh Chatterjee, Head – Merchandising & SCM (Diamond & Studded); Mr. Arif Abdulhamid AlKhoori, Senior Vice President – Customer Care, DAFZ; other key officials from DAFZ, Malabar Gold & Diamonds’ management team members and well-wishers. The new officewill serve as the cornerstone of the brand’s international studded supply chain operations.

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Business & Investments

CEO Clubs Members Mark Successful Visit to the Cuban Embassy in Abu Dhabi, UAE

Abu Dhabi, June 25, 2024 – CEO Clubs proudly mark another milestone achievement with a successful visit to the Cuban Embassy in Abu Dhabi. This exclusive event brought together esteemed members to foster stronger economic and cultural ties between the UAE and Cuba.

His Excellency Norberto Carlos Escalona Carrillo, the Ambassador of Cuba, warmly welcomed the delegation and delivered an insightful presentation on Cuba’s investment landscape with the key highlights of investment Information, opportunities, regulations, procedures, trade engagement, and guarantees

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Business & Investments

CEOs Consultative Council of UAE Banks Federation holds second meeting of 2024

 Abu Dhabi, United Arab Emirates; 27 June 2024: The CEOs Consultative Council of UAE Banks Federation, the sole representative and unified voice of UAE banks, held its second regular meeting for the current year yesterday (26 June 2024) under the chairmanship of H.E. Mohammed Omran Al Shamsi, Vice Chairman of UAE Banks Federation and Chairman of the Board of Directors of Ras Al Khaimah National Bank, to discuss developments in the banking sector and the Federation’s plans to be implemented in the second half of the year.

Participants at the meeting reviewed the steps taken by the Federation in the first half of the year to implement its strategy, plans and programmes, as well as the significant achievements made during this period to keep pace with the rapid developments in the banking sector.H.E. Mohammed Omran Al Shamsi, Chairman of the CEOs Consultative Council, said: “The banking sector has witnessed many remarkable developments in the first half of this year that have strengthened the sector’s leading position and helped cement the UAE’s position as a global financial and banking centre under the direct supervision of Central Bank of the UAE.

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Business & Investments

LEADING COMPANIES INTHE RETAIL AND CONSUMER GOODS INDUSTRIES SUPPORT THE TRANSITION TO QR CODES WITH GS1 STANDARDS

  • 50 years after the barcode was first scanned, 22 leaders from the world’s biggest companies sign a global joint statement calling for the transition to QR Codes with GS1 standards to revolutionise the consumer experience 
  • Signatories include industry champions like Alibaba.com, Carrefour, IGA, JD.com, JM Smucker, Mondelēz, Lidl, L’Oréal, Nestlé, P&G, and Savencia
  • Thisinitiative aims to have QR Codes with GS1 standards widely adopted by retailers and manufacturers globally by the end of 2027 


26 June 2024: On the 50th anniversary of the barcode being scanned for the first time, 22 industry champions – including marketplaces such as Alibaba.com, retailers like Carrefour and manufacturers like Procter & Gamble, are calling for the global adoption of QR Codes with GS1 standards. Powered by GS1, the leading standards organisation behind the barcode, these QR Codes can give access to a wealth of product information easily accessible via smartphones – which is expected to completely revolutionise the consumer experience.

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Business & Investments

Bitget and Foresight Ventures Launch $20 Million TON Ecosystem Fund

Bitget and Foresight Ventures Launch $20 Million TON Ecosystem Fund to nurture and support early-stage projects 

Global, June 26, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, announced a $20 million TON Ecosystem Fund in alliance with Singapore-based investment firm Foresight Ventures, aiming to support early-stage projects building on The Open Network (TON). This strategic initiative highlights the duo’s commitment to fostering innovation and development within the TON ecosystem.

The Open Network (TON) has been gaining significant traction, with $TON price reaching a new all-time high lately. According to Delphi Digital, the ecosystem’s growth is bolstered by Telegram’s massive user base of 900 million, pushing the daily active addresses on TON beyond those of Ethereum.

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