Category Archives: Business & Investments

Business & Investments

Liminal Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody

Liminal Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody

Abu Dhabi, May 14, 2024 – Liminal Custody Solutions, a leading provider of digital asset custody and wallet infrastructure solutions, announced a landmark achievement today, the acquisition of Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal‘s journey, solidifying its commitment to regulatory compliance and innovation within the burgeoning digital asset space.

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Business & Investments

LEADING SPORT & ENTERTAINMENT AGENCY, DUNE | 23, LAUNCHES GROUNDBREAKING PROGRAMME AIMED AT DEVELOPING UAE TALENT

  • Student & Graduate Programme will seesuccessful applicants work across all areas of the business with the aim of moving into a full-time role at the end of their placement
  • As a way of giving back, one placement will be awarded to an Emirati, while the other will go to someone educated in the UAE
  • Having enjoyed rapid growth in the last two years, DUNE | 23won Bronze in the Best Agency category at last week’s Middle East Sports Industry Awards
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Business & Investments

Bayanat Continues Momentum with Q1 2024 Financial Results

Bayanat Continues Momentum with Q1 2024 Financial Results

  • Revenue for the quarter reached AED 113 million, a 12% Year-over-Year growth, owing to the company’s strategic market expansion plans, and strong product and service offering
  • The company’s Gross Profit reached AED 32 million, representing a gross margin of 28%
  • EBITDA reached AED 8 million, representing a 7% margin, aligning with Bayanat’s IPO strategy to continuously invest in R&D
  • Q1 results were driven by Bayanat’s continued focus on the company’s key segments and Artificial Intelligence (AI) capabilities
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Business & Investments

Tally Solutions Opens Nomination for the Fourth Edition of ‘MSME Honours’

Tally Solutions Opens Nomination for the Fourth Edition of ‘MSME Honours’

Dubai, UAE, 14th May 2024: Tally Solutions, a leading international business management software provider, opens nominations for their fourth edition of MSME Honours. The flagship annual property, MSME Honours aims to acknowledge budding businesses and entrepreneurs who have made remarkable contributions in the MSME ecosystem across geographies.

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Business & Investments

Joyalukkas Rolls Out Mega Expansion Plans in the USA.

Joyalukkas Rolls Out Mega Expansion Plans in the USA.

New Showrooms Set to Open in Dallas & Atlanta.

USA – May, 2024: Joyalukkas, the esteemed jewelry brand, has announced the forthcoming openings and reopening celebrations of five of its USA outlets. Led by Mr. Joy Alukkas, Chairman of Joyalukkas Group, these events mark a significant step in the brand’s expansion strategy in the USA market. The inaugurations will feature new store unveilings in Dallas and Atlanta, alongside renovations and reopening’s in Houston, Chicago, and New Jersey.

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