MANAMA/DUBAI: Investcorp, a leading global alternative investment firm, announced the successful exit of its investment in the publicly listed Safari Industries (“Safari” or the “Company”), one of the largest luggage brands in India. Investcorp invested in Safari in February 2021. During Investcorp’s ownership period, Safari Industries successfully increased its production capacity and expanded its physical stores footprint in new and …

ABU DHABI/DUBAI: Emirates Development Bank (“EDB” or “the Bank”), in collaboration with Make it in the Emirates initiative by the Ministry of Industry and Advanced Technology (MoIAT), today hosted EDB Connect – Dubai edition, the first in a new series of forums aiming to foster collaboration between government entities and private sector companies to drive UAE’s national economic growth and …

The Dubai International Arbitration Centre (DIAC) proudly unveiled its role as host for the prestigious 22nd International Congress for Maritime Arbitrators (ICMA XXII) from 5th to 10th November 2023, marking a momentous first for the Middle East. Since its inception in 1972, ICMA has served as a central platform for maritime arbitrators and global shipping sector leaders. Dubai’s selection as …

KARACHI: Polani’s Privat Limited had the distinct privilege of hosting a warm Welcome Event in honor of the Consul General of Thailand, H.E. Mr. Narut Soontarodom. It was an evening filled with cultural exchanges, delightful cuisine, and meaningful conversations, strengthening the bonds between our nations. Mr. Yahya Polani and Mr. Safran Polani extend heartfelt gratitude to H.E. Mr. Narut Soontarodom …

ABU DHABI: Agthia Group PJSC (AGTHIA:UH), one of the region’s leading food and beverage companies, held its General Assembly Meeting virtually today. During the meeting, shareholders approved the Board’s proposed interim cash dividend of 8.25 fils per share (AED 65.31 million) for the 6 months ending 30th June 2023. Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, commented: “Our interim dividend reflects …

The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 to rally investments for climate action, clean energy, health care, food security and other development needs. Heads of state, more than 50 government ministers, over 150 CEOs of leading companies and stock exchanges, and thousands of investment stakeholders – from sovereign wealth fund managers and …

By Rafiq Vayani RIYADH: Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has today signed a memorandum of understanding with Saudi Arabian Airlines (SAUDIA) and daa International, the operator of Red Sea International (RSI) airport, that will see SAUDIA become the first airline to operate in and out of …

A lively cooking competition took place at Binae, organized by Salman Foods. Chef Sarah Farhan and Mr. Serfaraz Ahmed, the Country Head of Salman Foods, served as judges. Among the distinguished guests were Imtiaz Shaikh, Muhammad Faisal Maqsood, Uzma Ansari, and Salman Elahi. The competition featured three teams: Team A prepared delicious chicken and egg sandwiches, earning them 3rd place. …

DUBAI: Visa (NYSE: V), the world’s leader in digital payments, together with First Abu Dhabi Bank today announced Jennifer Sault, the Founder of Thrift for Good, a charity shop in Dubai that rehomes preloved clothes and items to raise funds for children’s charities around the world, as the much-anticipated winner of its second She’s Next grant program for UAE.  The …

News Desk ISLAMABAD: Walee hosted its Creators Academy Season 2 launch with some of Pakistan’s top creators and marketing teams at the Walee HQ in Islamabad. The event followed 4 days of shoots with the top creators recording the next instalment of Walee Creators Academy. Walee Creators Academy serves as a dedicated and innovative platform designed with a clear mission …