分类: business

  • YRD charts high-quality development

    YRD charts high-quality development

    The Yangtze River Delta region is spearheading ambitious initiatives to bolster high-quality development through enhanced regional collaboration and technological innovation, according to expert analyses presented at a recent think tank summit.

    Academic institutions across the region have identified critical pathways for advancement during the 15th Five-Year Plan period (2026-2030). The Changjiang Institute of Industrial Economics at Nanjing University emphasized the necessity of deepening integration between advanced manufacturing and producer services while accelerating artificial intelligence implementation.

    Research from Anhui University’s Free Trade Zone Institute recommends strengthening regional digital infrastructure connectivity, promoting cross-city innovation resource sharing, and expanding green technology applications. Despite the YRD’s technology-driven entrepreneurship capabilities exceeding national averages, Shanghai Tech University experts noted that regional coordination, government-guided fund effectiveness, and comprehensive financial systems require further reinforcement.

    A significant transformation is underway as AI evolves from tool-based technology to systemic production factor, particularly evident in the YRD’s industrial upgrading process. However, East China Normal University researchers identified emerging challenges regarding skill and talent supply mismatches resulting from this technological shift.

    Professor Xu Wenwei from Fudan Development Institute highlighted the region’s substantial shortage of digital and AI talents, with educational institutions facing constraints in curriculum systems, faculty resources, and computing capacity. Proposed solutions include establishing joint laboratories and industrial technology research institutes, implementing a regional ‘one-card’ system to facilitate talent mobility, and creating special funds to enhance industry-academia integration.

    Zhang Zhongwei, Deputy Director of Shanghai Municipal Development and Reform Commission, advocated for cross-regional legislation to improve governance system stability and create institutional advantages. Meanwhile, Shen Yufeng, Lead Partner of Strategy& China with PwC, urged the region to capitalize on three major trends: accelerated domestic substitution, proactive corporate overseas expansion, and rapid localization of foreign investment through industrial collaboration, innovation scenarios, and international resource linkage capabilities.

  • Celebrating the spirit of the UAE on its 54th National Day

    Celebrating the spirit of the UAE on its 54th National Day

    As the United Arab Emirates commemorates its 54th National Day, Bank of Baroda reflects on its substantial five-decade partnership with the nation, highlighting a journey of mutual economic advancement and community development. Since establishing its first branch in June 1974—merely three years after the UAE’s formation—the bank has grown alongside the Emirates’ rapid transformation into a global economic hub.

    The Indian financial institution commenced operations during the UAE’s foundational growth period, expanding with an Abu Dhabi branch in July 1974. Today, Bank of Baroda maintains the distinctive position as the sole Indian bank providing comprehensive financial services across the Emirates through five full-service branches in key locations including Dubai, Deira, Sharjah, Abu Dhabi, and Ras Al Khaimah. This network is supplemented by 9 Electronic Banking Service Units and 44 ATMs.

    Bank of Baroda’s service portfolio has evolved to address contemporary market demands, offering specialized solutions in SME and corporate finance, syndicated loans, retail lending, trade finance, and treasury products. The institution acknowledges the UAE’s role in creating an enabling environment for the Indian diaspora to thrive economically while providing businesses with opportunities for innovation and expansion.

    The bank’s operational philosophy emphasizes deep community engagement, particularly through dedicated services for the NRI community. A centralized NRI Cell and specialized NRI Desks across all branches facilitate personalized banking experiences, reflecting the institution’s commitment to this demographic.

    In his National Day message, Jagdish Tungaria, Chief Executive for GCC Operations, expressed gratitude for customer trust and reaffirmed the bank’s commitment to supporting the UAE’s future vision centered on technological advancement, sustainability, and global leadership. The statement extended heartfelt greetings to the nation’s leadership and citizens, recognizing National Day as a celebration of unity, progress, and inspirational national achievement.

  • Today’s strategic initiatives shaping the UAE of tomorrow

    Today’s strategic initiatives shaping the UAE of tomorrow

    In a striking display of corporate patriotism, Design Infinity, a prominent UAE-based design and manufacturing firm, orchestrated a comprehensive National Day celebration involving its entire 1,400-strong workforce. The commemorative event took place at the company’s specialized Glass, Metal & Signage Factory, serving as both a tribute to national pride and a demonstration of industrial capability.

    The celebration represented a significant organizational undertaking, bringing together employees across all operational divisions to honor the UAE’s heritage and progressive vision. Company leadership emphasized the parallel between the nation’s developmental journey and their own growth within the industrial sector, highlighting how both narratives reflect ambition, innovation, and collective achievement.

    Beyond ceremonial activities, the event featured exhibitions showcasing the factory’s technical expertise and manufacturing precision. Employees participated in culturally significant activities while surrounded by the company’s industrial creations, creating a symbolic connection between traditional values and modern industrial advancement. The gathering also served to reinforce corporate culture and team cohesion within the context of national identity.

    This large-scale observance underscores the growing trend of private sector entities actively participating in national celebrations, particularly within industrial and manufacturing sectors that form crucial components of the UAE’s economic diversification strategy. The event demonstrated how industrial enterprises are increasingly positioning themselves as integral contributors to both economic development and cultural preservation.

  • Lighting the path for the nation’s next generation of innovators

    Lighting the path for the nation’s next generation of innovators

    As the United Arab Emirates celebrates its National Day, the nation’s extraordinary transformation from desert federation to global innovation hub stands as a testament to visionary leadership and entrepreneurial resilience. This remarkable journey, accomplished within mere decades, has established the UAE as a center for technological advancement, international commerce, and cultural convergence.

    The foundation of the UAE’s success extends beyond its iconic skylines and state-of-the-art infrastructure to embrace the determined spirit of its people. This collective drive has created an environment where opportunity knows no bounds and diversity serves as a catalyst for progress. The nation’s business ecosystem thrives on these principles, fostering innovation across sectors from fintech to sustainable development.

    Entrepreneur Jigar Sagar, founder of Triliv Holdings, exemplifies this transformative journey. His early exposure to business operations in Sharjah’s Gold Souk at age ten instilled fundamental values of commitment, customer service, and entrepreneurial thinking. These formative experiences now fuel his mission to build supportive frameworks where startups can flourish and young founders can transform ideas into reality.

    The UAE’s innovation engine continues to gain momentum through strategic investments in talent development, artificial intelligence adoption, and global market connectivity. This forward-looking approach ensures the nation remains at the forefront of entrepreneurship and technological advancement. The unity between visionary leadership and citizen participation creates an environment where challenges become opportunities and ambitious goals become achievable realities.

    As the UAE looks toward the future, its commitment to nurturing homegrown talent and embracing transformative technologies positions the nation as a enduring beacon of progress. The entrepreneurial spirit that defines the UAE’s past now lights the path for generations to come, demonstrating that with vision, resilience, and unity, even the most ambitious dreams can be realized.

  • Hotpack’s 30-year journey: How a UAE-grown brand fuels national sustainability

    Hotpack’s 30-year journey: How a UAE-grown brand fuels national sustainability

    As the United Arab Emirates intensifies its national sustainability initiatives ahead of critical 2024-2026 policy deadlines, domestic enterprises are emerging as crucial partners in transforming governmental vision into tangible environmental progress. Hotpack Global, an Emirati-born manufacturing enterprise, exemplifies this transition through its three-decade commitment to ecological responsibility and innovation.

    The UAE’s comprehensive environmental framework—encompassing national single-use plastics regulations, Dubai’s Executive Council Resolution 124 of 2023, and the Net Zero 2050 strategic initiative—is fundamentally reshaping manufacturing standards, consumer behavior, and corporate accountability. These policies collectively promote circular materials, reduce plastic pollution, minimize waste, and encourage sustainable alternatives while maintaining economic viability.

    Hotpack’s operational philosophy aligns seamlessly with national objectives. The company has made substantial investments in alternative material development, circular economic systems, and compliance-driven manufacturing processes. According to Group CEO and Managing Director Abdul Jebbar PB, “Our sustainability journey originates from the fundamental conviction that progress must be environmentally responsible. The UAE’s progressive policies provide corporations with a clear innovation roadmap—we perceive regulation not as obstacle but as leadership opportunity.”

    The manufacturer has achieved full compliance across all categories of current and impending UAE single-use plastics bans. Their product portfolio includes paper and multi-use bags exceeding 57 microns thickness, wooden utensils, plant-derived straws, recycled polymer items, paper cup solutions, and fiber-based plates. Notably, Hotpack entirely avoids Styrofoam production, significantly diminishing dependence on difficult-to-recycle materials.

    Beyond regulatory adherence, Hotpack has enhanced its sustainability profile through renewable material investments (including PLA bioplastics), extensive factory solar integrations, advanced waste management systems, and eco-conscious transportation solutions. These initiatives have garnered international recognition including the EcoVadis Gold Certification (placing them within the top 5% of global companies) and the Dubai Chamber ESG Label—Advanced Category, validating their environmental, social, and governance excellence.

    The company’s commitment extends to human capital through initiatives like the Hotpack Happiness Program, workforce welfare enhancements, and comprehensive ESG training programs, reflecting the UAE’s holistic vision of sustainability encompassing both ecological and social wellbeing.

    Jebbar emphasized: “The UAE has established ambitious environmental targets, and we consider it our obligation to make meaningful contributions. Sustainability represents not merely compliance but an integral component of our corporate culture, innovation methodology, and community responsibility.”

    As the nation progresses toward its Net Zero 2050 objectives and circular economy transition, Hotpack’s operational model demonstrates how policy alignment combined with corporate dedication can generate transformative change with lasting national and global impact.

  • A Journey Forged in Precision, Powered by Trust

    A Journey Forged in Precision, Powered by Trust

    As the United Arab Emirates marks its 54th National Day, UK-based automotive components manufacturer BorgRollsWarner reflects on two decades of strategic growth aligned with the nation’s remarkable economic transformation. The company’s journey from modest beginnings to multinational presence exemplifies the successful business environment fostered by UAE leadership.

    The UAE has demonstrated extraordinary economic resilience and diversification, with its real GDP reaching AED 1.77 trillion ($481 billion) in 2024 while maintaining steady 4% growth. Most significantly, non-oil sectors now contribute over 75% of total GDP, underscoring the nation’s strategic shift beyond hydrocarbon dependence.

    BorgRollsWarner established its UAE presence in 2008, selecting the Emirates as its first major market outside the United Kingdom. The company’s expansion trajectory mirrors the country’s economic development, growing from premium truck and trailer components to a comprehensive aftermarket provider offering brake systems, suspension components, filtration, rubber parts, and cooling solutions.

    Despite global supply chain disruptions in 2020, the company fortified its logistics operations and expanded into African and Central Asian markets by 2022. Recent milestones include the 2025 opening of a flagship showroom in Dubai’s Deira district and the launch of proprietary brands RITZ and emBRWace.

    The company now operates through multiple regional entities including Redington International Auto Spare Parts Trading LLC, BorgRollsWarner Middle East LLC, BorgRollsWarner Middle East FZE, and John Rhee Automotive WLL in Bahrain, serving 36 countries across multiple continents.

    CEO Nazeer Veliyil attributes the company’s success to the UAE’s visionary leadership, world-class infrastructure, and openness to global talent, which collectively create an ecosystem where ambition transforms into tangible achievement. The partnership between corporation and nation represents a model of international business development built on trust, shared purpose, and mutual growth.

  • 2026: A New Beginning — A Home for Every Individual

    2026: A New Beginning — A Home for Every Individual

    The year 2026 is poised to become a watershed moment for family homeownership in Dubai’s dynamic real estate landscape. Current market conditions have created an unprecedented convergence of factors that make property acquisition not just feasible but financially advantageous for households that have long deferred this milestone.

    Families traditionally face significant hurdles when contemplating home purchases. Budgetary constraints represent the primary concern, with many prospective buyers struggling to balance financial comfort with desired location and quality specifications. Additional complications include substantial down payment requirements and mortgage eligibility uncertainties—from loan qualification thresholds to repayment term limitations based on borrower age profiles.

    A critical financial blind spot persists among renters: while meticulously minimizing minor expenses like toll fees or subscription services, many overlook the substantial long-term financial drain of continuous rental payments. Unlike mortgage installments that build equity, rental expenditures provide no return on investment and ultimately leave families without tangible assets.

    Dubai’s 2026 property market fundamentally alters this calculus. The market now offers unparalleled choice with over 2,000 developers and 30,000 registered brokers creating competitive pricing environments and flexible payment structures. This expansion enables customized solutions across diverse budgetary requirements and lifestyle preferences.

    The convergence of escalating rental costs, enhanced financial literacy, and diversified property options establishes 2026 as the optimal timeframe for families to transition from tenants to homeowners. With professional guidance readily available, the barriers that previously delayed homeownership aspirations are being systematically dismantled, positioning 2026 as Dubai’s definitive year for family property acquisition.

  • Tristar Group launches region’s first Hybrid Barge

    Tristar Group launches region’s first Hybrid Barge

    In a landmark development for sustainable maritime operations, Tristar Group has unveiled the region’s first hybrid biofuel-electric bunkering barge at the Port of Fujairah. The pioneering vessel, named Tristar Eco Voyager, represents a significant advancement in green shipping technology and has been commissioned through a time-charter agreement with TotalEnergies Marketing Middle East.

    The 750-cubic-meter capacity barge features an innovative hybrid propulsion system that combines electric power with biofuel compatibility, marking a substantial step toward decarbonizing maritime logistics. The vessel’s advanced engineering allows for operational flexibility while dramatically reducing environmental impact compared to conventional bunkering barges.

    Eugene Mayne, Founder and CEO of Tristar Group, emphasized the broader significance of this achievement: “The Tristar Eco Voyager embodies our conviction that the maritime sector must actively participate in the global transition toward cleaner energy solutions. This vessel sets a new standard for sustainable operations in our industry.”

    Thomas Vigneron, Managing Director of TotalEnergies Marketing Middle East, echoed this commitment to innovation: “Our collaboration with Tristar enhances our operational capabilities while demonstrating our dedication to implementing sustainable solutions that drive positive environmental change in the UAE.”

    The hybrid barge is projected to achieve approximately 35% reduction in CO2 emissions compared to traditional vessels. Future infrastructure developments at Fujairah port, including planned electric charging installations, will enable the barge to operate predominantly on electric power and achieve zero emissions while docked.

    This initiative aligns with the UAE’s national sustainability objectives. The vessel concept received presidential endorsement during a World Environment Day event in June 2024, when Mayne presented the design to UAE President Sheikh Mohamed bin Zayed Al Nahyan. The discussion highlighted the critical role that corporations and communities play in addressing climate challenges.

    As the first vessel of its kind in the Gulf Cooperation Council region, the Tristar Eco Voyager provides a practical, immediately operational solution for reducing maritime carbon emissions and improving air quality in port areas, setting a precedent for future investments in green maritime technologies.

  • Comera Financial Holdings leads the next wave of fintech innovation in the UAE

    Comera Financial Holdings leads the next wave of fintech innovation in the UAE

    Abu Dhabi-based Comera Financial Holdings, an entity within the Royal Group conglomerate, is positioning itself at the forefront of the United Arab Emirates’ financial technology revolution. The company has developed an integrated ecosystem that addresses multiple facets of the digital economy through four distinct but interconnected divisions.

    The cornerstone of Comera’s offering is Comera Pay, a sophisticated digital wallet solution facilitating instant monetary transfers, bill settlements, mobile top-ups, and seamless e-commerce transactions. The platform has gained significant market adoption among both UAE residents and expatriate communities through its competitive exchange rates, intuitive user interface, and advanced security protocols. The recent introduction of a Visa-powered Multi-Currency Card has further enhanced its value proposition, enabling international spending with favorable foreign exchange rates directly manageable via the application.

    Complementing its financial services, Comera Calling provides a robust voice-over-IP and messaging platform recognized for exceptional call clarity and reliability. This communication arm supports the brand’s broader connectivity mission while serving as an additional engagement channel for its user base.

    For commercial clients, Comera Money delivers specialized financial solutions including supply-chain financing and working capital support tailored for SMEs, corporate entities, and government-affiliated organizations. A landmark partnership with energy giant ADNOC, announced during the ADIPEC conference, demonstrates the division’s capability to provide automated financing solutions through integrated technological systems. This collaboration underscores Comera’s strategic alignment with national economic objectives and sector-wide liquidity enhancement initiatives.

    The ecosystem is completed by Comera Finance, the group’s non-banking financial company arm currently developing credit and lending products pending regulatory approvals. This division aims to expand financial access for both individual consumers and small-to-medium enterprises, ultimately realizing the group’s vision of a fully interconnected financial infrastructure.

    Through its multi-faceted approach combining technological innovation, strategic partnerships, and regulatory compliance, Comera Financial Holdings is establishing a transformative financial framework that supports the UAE’s broader digital transformation ambitions while creating inclusive economic opportunities for diverse market segments.

  • Bridging economies, building futures – India and the UAE as global partners in progress

    Bridging economies, building futures – India and the UAE as global partners in progress

    The strategic economic partnership between India and the United Arab Emirates has evolved into a transformative force driving mutual prosperity and global innovation. Under the groundbreaking Comprehensive Economic Partnership Agreement (CEPA), bilateral trade has experienced remarkable acceleration, creating unprecedented opportunities for businesses across both nations.

    This enhanced economic connectivity has fundamentally reshaped commercial relationships, with Indian enterprises increasingly utilizing the UAE as their primary global expansion hub. Simultaneously, UAE investors are directing substantial capital toward India’s rapidly evolving innovation ecosystem. The agreement has particularly benefited small and medium-sized enterprises, startups, and major corporations alike, generating employment opportunities and enhancing competitive capabilities across diverse sectors.

    Future-oriented collaborations are now emerging in renewable energy, with joint ventures advancing green hydrogen technology, solar power innovations, and sustainable urban development projects. The digital transformation sector demonstrates equal dynamism, with fintech, artificial intelligence, health technology, and smart manufacturing experiencing substantial growth through the India-UAE corridor. This technological synergy thrives within an environment of progressive regulation and vibrant entrepreneurial activity.

    The India Business and Professional Council (IBPC) Dubai has played a pivotal role in facilitating this partnership for over two decades. Throughout 2025, the organization orchestrated numerous high-impact events including an AI Summit at Dubai Chambers, Youth Conclave gatherings, and specialized symposiums covering steel and alloy industries. The Capital Connect Series provided direct access to regional investors, while high-level governmental engagements with Indian Chief Ministers further strengthened institutional cooperation.

    Notably, the partnership has received robust support from Emirati leadership, including Dr. Tayeb Kamali of IOD India and Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade. Dubai Chambers has consistently amplified these initiatives, enabling IBPC Dubai to effectively bridge commercial interests between both nations.

    Beyond economic metrics, the relationship thrives through cultural exchanges and community engagements celebrating India’s Independence Day, Republic Day, and International Women’s Day. These people-to-connections form the foundational bedrock of what has evolved from traditional trade partnership into comprehensive global cooperation aimed at building sustainable futures through shared vision and mutual respect.