Across the Gulf Cooperation Council (GCC), a growing demand for privacy, safety, and community is transforming women-only spaces into a thriving economic sector. From exclusive beaches in Abu Dhabi to women-first wellness clubs in Saudi Arabia, these ventures are reshaping the region’s economy, with projections suggesting a $500 billion opportunity.
分类： business
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Office Logix Shop expands operations to meet increasing demand for quality ergonomic products
Office Logix Shop, a leading provider of refurbished office furniture and ergonomic accessories, has significantly expanded its operations to meet the surging demand for high-quality ergonomic products. The company has moved into a sprawling 60,000-square-foot facility in Lewis Center, Ohio, marking a pivotal milestone in its growth journey. With an impressive annual revenue of $6.5 million and a 35% yearly growth rate, Office Logix Shop now serves over 12,000 customers annually. The company specializes in premium brands like Herman Miller and Steelcase, offering refurbished furniture and innovative ergonomic accessories. Co-founded in 2015 by Obada Mzaik, a civil engineer, and Kamal Haykal, an intellectual property lawyer, the business has evolved from humble beginnings in a garage to a full-scale distribution center. Office Logix Shop is renowned for its first-to-market accessories, including ergonomic headrests for popular models like the Leap V2, Mirra 2, and Embody chairs. The company also provides tutorial content to assist customers and small refurbishers. This expansion not only enhances its operational capacity but also brings it closer to its long-term goal of launching its own line of office chairs, solidifying its position as a market leader in the ergonomic furniture industry.
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Finding purpose in finance: Why crypto feels like a ‘calling’
The world of cryptocurrency and blockchain has often been described as complex and volatile, yet for some, it feels like a profound calling. Ann Marie McQueen, a former accountant and CEO, shares her transformative journey from traditional finance to the enigmatic realm of crypto. Her initial enthusiasm for Bitcoin and blockchain technology was met with resistance, particularly from her late father, who found the concept of a new kind of money overwhelming. This experience, coupled with insights from a neuroscientist friend, taught her the importance of understanding generational differences in embracing innovation. McQueen’s fascination with crypto deepened as she encountered a crypto influencer from the Philippines who framed the experience as a ‘calling.’ This resonated deeply with her, as she found herself inexplicably drawn to the technical and seemingly impenetrable world of blockchain. Her journey led her to join a community of women investors in crypto, where she discovered that many shared her sense of purpose. McQueen reflects on her decisions, likening her crypto journey to other life-changing choices she has made, such as relocating to Abu Dhabi in 2008. She remains confident that her foray into crypto, driven by an almost spiritual compulsion, will prove to be a decision she won’t regret.
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IIHL inducts Kamal Vachani to its board of directors
IndusInd International Holdings Limited (IIHL), a Mauritius-based financial services platform promoted by the Hinduja Family, has announced the induction of Kamal Vachani to its board of directors. This strategic move aims to bolster IIHL’s representation in the Gulf Cooperation Council (GCC) region as the company accelerates its global expansion across various financial sectors. Vachani, a partner at Dubai’s Al Maya Group, brings extensive experience in the retail sector and strong ties to the GCC, aligning with IIHL’s vision to enhance its footprint in financial and para-banking services. Ashok P Hinduja, Chairman of IIHL, emphasized that Vachani’s expertise will ensure effective representation of the company’s GCC-based shareholders. IIHL has been actively pursuing strategic acquisitions to solidify its position in the BFSI (Banking, Financial Services, and Insurance) space. Notable recent acquisitions include the 100% stake in Reliance Capital Ltd. and its subsidiaries, a 60% stake in Invesco Asset Management Company’s India business, and the complete ownership of Bahamas-based Sterling Bank, now rebranded as IIHL Bank & Trust Ltd. These initiatives underscore IIHL’s ambition to become a global financial powerhouse.
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Dubai reinforces global leadership in exhibitions at landmark industry gathering
Dubai has reaffirmed its status as a global leader in the exhibitions and events sector during a landmark industry gathering that brought together key stakeholders from around the world. The event, attended by global organizers, government representatives, and industry innovators, showcased Dubai’s vision for the future of international exhibitions and its role in shaping the next decade of global trade, business networking, and sustainable growth.
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UAE: 2-year licence fee exemption for businesses amid infrastructure works in some RAK areas
In a significant move to bolster the private sector and mitigate the challenges posed by ongoing infrastructure developments, Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has announced a two-year exemption from commercial licence fees for businesses in the Al Riffa and Al Jazeera Al Hamra areas. This initiative underscores the government’s commitment to fostering a resilient and competitive economic environment while ensuring the continuity of local enterprises. The Ras Al Khaimah Department of Economic Development emphasized that this decision aligns with the leadership’s vision to empower businesses, enhance economic confidence, and stimulate growth across the Emirate. By alleviating financial burdens on businesses affected by construction works, the government aims to strengthen Ras Al Khaimah’s position as a regional business hub and promote sustainable development. This strategic measure reflects the UAE’s broader efforts to support the private sector and create a conducive environment for economic prosperity.
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GFS Developments marks a new milestone with grand groundbreaking ceremony
GFS Developments, a leading global real estate developer, celebrated a significant milestone with a grand groundbreaking ceremony, underscoring its commitment to innovation, sustainability, and lifestyle-driven communities. The event, held on October 17, 2025, was attended by renowned actress and GFS brand ambassador Tamannaah Bhatia, whose presence highlighted the company’s vision of luxury and cosmopolitan living. With over 25 years of industry expertise, GFS Developments has delivered more than 2 million units across 10+ countries, setting new standards in modern residential and mixed-use developments. Michael Collings, General Manager of GFS Developments, reiterated the company’s mission to create world-class communities that inspire confidence and pride. The company’s flexible payment structures and tailored financial solutions cater to both end-users and investors, ensuring convenience and long-term value. Bhatia praised GFS for its future-ready approach, blending innovation and trust to redefine urban living. As GFS continues to expand globally, it remains dedicated to delivering projects that embody sustainability, modern luxury, and excellence.
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Tanishq brings the magic of ‘India Wali Diwali’ to the heart of the UAE and GCC
Tanishq, India’s renowned jewellery brand under the Tata Group, is bringing the essence of ‘India Wali Diwali’ to the UAE and GCC regions this festive season. The brand has unveiled a vibrant campaign that encapsulates the traditions, emotions, and togetherness of Diwali, making it a celebration of love, laughter, and legacy. The campaign aims to recreate the sights, sounds, and soul of an Indian Diwali, ensuring that the festive spirit resonates with people, no matter where they are. From the glow of diyas to the shimmer of gold, Tanishq’s initiative is a heartfelt tribute to the cherished moments that make Diwali special. To enhance the festive experience, Tanishq has introduced exclusive offers, including savings on gold and diamond jewellery, zero deductions on gold exchange, and advance booking benefits to safeguard against rising gold prices. These limited-time promotions are designed to make festive shopping more rewarding, encouraging customers to invest in meaningful pieces that carry lasting value. Aditya Kejriwal, head of marketing for Titan Company Limited’s international business, emphasized that Diwali is more than a festival—it’s an emotion that connects people to their roots and to each other. The ‘India Wali Diwali’ campaign reflects this sentiment, celebrating the idea that the spirit of Diwali transcends geographical boundaries. The campaign is supported by a festive film that captures moments of joy, belonging, and shared celebration, reinforcing Tanishq’s belief that jewellery is not just adornment but a symbol of love and connection. The brand’s festive collection features designs that embody Diwali’s optimism and elegance, crafted with timeless artistry and intricate detailing. Each piece is designed to evoke the beauty of connection, whether as a gift for a loved one or a celebration of one’s personal journey.
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Political deadlock and spending on dual crises leaves French finances in disarray
France, the world’s seventh-largest economy and a cornerstone of the European Union, is grappling with a severe fiscal crisis. Despite its industrial prowess, the nation faces mounting debt, political gridlock, and rising borrowing costs, raising concerns about its financial stability and broader implications for Europe and the global economy.
**The Roots of the Crisis**
France’s fiscal woes stem from a combination of long-standing structural issues and recent external shocks. The country last balanced its budget in 1973, relying on robust economic growth to sustain its generous welfare state and worker protections. However, accumulated debt has soared, exceeding 90% of GDP since 2008. The COVID-19 pandemic and the subsequent energy crisis triggered by Russia’s invasion of Ukraine exacerbated the situation. The government’s heavy spending on subsidies to support businesses and households during these crises pushed debt to 114% of GDP in 2023, with the annual deficit ballooning to 5.8%, far above the EU’s 3% limit.**Political Paralysis and Economic Uncertainty**
President Emmanuel Macron’s government is hamstrung by a deeply divided parliament, resulting from snap elections called in 2022. With no political faction holding a majority, consensus on deficit reduction measures—whether through tax hikes or spending cuts—remains elusive. This political deadlock has led to four government changes in just over a year, creating unprecedented instability in France’s Fifth Republic. The uncertainty has unsettled businesses, while rising bond yields have increased borrowing costs for both the government and private sector.**Broader Implications for Europe and Beyond**
As one of the EU’s largest economies, France’s fiscal troubles pose significant challenges for the bloc. The Franco-German partnership, traditionally the driving force behind EU policy, is under strain. Europe faces pressing issues, including supporting Ukraine, countering Russian aggression, and boosting productivity to compete with the U.S. and China. France’s inability to address its debt crisis complicates these efforts.Globally, France’s situation serves as a cautionary tale for other heavily indebted nations, including the U.S., China, and Brazil. While France is not at immediate risk of default, the potential for a debt spiral—where rising borrowing costs undermine fiscal sustainability—looms large. The EU’s bailout mechanisms and the European Central Bank’s financial backstop offer some reassurance, but these measures are contingent on political action, which remains absent in France.
**A Call for Urgent Reforms**
Market analysts emphasize that France must avoid the fate of Greece and Italy during the 2010-2015 eurozone debt crisis. Long-term solutions require structural reforms to boost economic growth and restore fiscal discipline. However, the current political impasse makes such reforms unlikely in the near term. As France’s fiscal crisis deepens, the stakes for Europe and the global economy continue to rise. -
UGREEN to host ‘Activate Your Connection’ summit in Dubai
UGREEN, a leading consumer technology brand, recently held its Middle East Partner Summit 2025 at the Shangri-La Hotel in Dubai. Themed ‘Activate Your Connection,’ the event gathered over 150 prominent distributors, resellers, retailers, and media representatives from the GCC region. The summit highlighted UGREEN’s commitment to fostering collaboration, exploring new opportunities, and showcasing its latest technological innovations. Central to the event was UGREEN’s philosophy that long-term success in the Middle East is rooted in strong partnerships. Attendees were treated to an immersive product showcase, featuring cutting-edge technologies such as the UGREEN Nexode Series, which utilizes Advanced GaN II Technology for enhanced safety and efficiency, and the UGREEN MagFlow Series, a new generation of Qi-based magnetic wireless chargers. The choice of Dubai as the summit’s location underscores UGREEN’s strategic focus on the Middle East, aligning with its participation in GITEX Global 2025 to maximize visibility among key stakeholders. Jessie Fu, UGREEN’s senior sales manager, emphasized the brand’s dedication to integrating into the local ecosystem and collaborating with partners to drive future growth. The summit not only showcased innovative products but also symbolized UGREEN’s vision of building stronger business relationships and empowering its partners.