Malabar Gold & Diamonds, one of the largest gold and diamond retail chains, will open 56 stores in FY 2021-22 - 40 in India and 16 overseas, at an estimated investment of USD 220 Million, generating 1,750 new jobs.
Hunter Point Capital (“HPC”), an independent investment firm focused on taking minority stakes in middle-market alternative asset managers, announced today the appointment of Zade Zalatimo as an Operating Partner. Based in Dubai, Mr. Zalatimo will lead HPC’s capital formation and institutional investor relations across the Middle East.
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, received the Dubai Chamber Advanced CSR Label 2020 for the third year in a row, after being awarded Dubai Chamber CSR Label continuously for 5 years, in recognition of its outstanding efforts in embracing social responsibility initiatives and adopting the best environmental practices which make positive impacts on community and environment.
Lumen, a health technology company at the forefront of personal health, has announced the launch of its ground-breaking wellness device, Lumen, in the Middle East. Developed through years of scientific testing and validation, Lumen is the first handheld, portable device and app that measures your metabolism in real-time with just your breath. Lumen is making personal, at home metabolic tracking available outside of research labs for the first time - revolutionizing the way we approach weight loss, fitness and healthy nutrition decision making.