Dr Thumbay Moideen honoured as ‘Global Business Icon 2025' at Beary Mela 2025
Addressing the gathering, Khader praised Dr Thumbay Moideen's contributions, stating: "Dr Thumbay Moideen is a beacon of inspiration for aspiring entrepreneurs worldwide. His relentless pursuit of excellence in healthcare, education, and business has not only brought global recognition to the Indian business community but also uplifted countless individuals through employment and innovation. His achievements are a source of pride for the Beary and Indian communities alike."
The Consul General of India also commended Dr Moideen's remarkable journey, saying: "He is the diamond of the beary community and India has always been known for its entrepreneurs who transform industries and create new opportunities. Dr Thumbay Moideen exemplifies this spirit through his dedication to education, healthcare, and business expansion. His impact extends far beyond business – it is about empowering people, strengthening communities, and fostering Indo-UAE relations through his contributions."
Beary Mela 2025, hosted by the Bearys Chamber of Commerce & Industry (BCCI), UAE Chapter, brought together business leaders, professionals, and community members to celebrate entrepreneurship, networking, and cultural heritage. The event witnessed an array of activities, including business seminars, startup pitch opportunities, cultural performances, and awards recognising outstanding achievements in various domains.
With over 10,000 attendees, the Beary Mela 2025 reaffirmed its commitment to fostering growth and collaboration within the Beary business community, making it a landmark event in the region. Dr Thumbay Moideen's recognition as Global Business Icon 2025 stands as a testament to his unwavering commitment to progress and excellence.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
a few seconds ago
- Khaleej Times
UAE retail investors increasingly focused on homegrown markets
An overwhelming 85 per cent of UAE-based retail investors are currently invested in local stocks, and many are buying even more in response to global trade tensions, a study showed. According to the latest edition of the UAE Retail Investor Beat by trading and investing platform eToro, UAE-based investors are strong supporters of their local market. While 85 per cent are currently invested in locally listed equities, with 39 per cent of respondents holding Abu Dhabi stocks, 28 per cent holding Dubai stocks, and 18 per cent holding both. These investments reflect their confidence in the UAE economy. Sixty three per cent of investors stated they are 'very confident' in its current performance, and a further 29 per cent indicated they are 'somewhat confident'. When it comes to the long-term performance of locally listed stocks, 59 per cent expressed that they are 'very confident', with a further 32 per cent who are 'somewhat confident'. Looking ahead, 48 per cent of investors forecast significant gains in the UAE stock market over the next 12 months, while 34 per cent expect steady growth. This conviction is also evident in investors' long-term expectations. 58 per cent believe that the Middle East will deliver the most substantial returns over the next five years, followed closely by the U.S. (50 per cent). When asked which UAE sectors evoke the most optimism for investments over the next 12 months, real estate topped the list at 55 per cent, followed by technology (48 per cent), financial services (37 per cent), and energy (37 per cent). George Naddaf, managing director at eToro Mena, shared: 'The DFM and ADX are among the best-performing stock exchanges in the world this year, outperforming the S&P 500 by a considerable margin. Against this backdrop, our research confirms that investor confidence in the UAE market remains strong, supported by resilient performance across local indices, solid macroeconomic indicators, and sustained earnings across key sectors. Investors are favouring real estate, technology, financial services, and energy, as these sectors continue to benefit from government-backed initiatives. The fact that 85 per cent are already invested in UAE equities reflects a clear preference for local opportunities in the current environment.' Global tensions drive home bias and commodity interest Despite strong confidence in their local market, geopolitical risk is firmly on the minds of investors: 90 per cent say tariffs and trade wars will significantly impact their portfolios in the next six months, and 89 per cent have already adjusted or plan to adjust their investments in response. While the most common way investors are adjusting their portfolios in response to trade tensions is by increasing exposure to UAE equities (53 per cent), a close second is increasing allocations to commodities (51 per cent). This corresponds with respondents choosing gold or precious metals as the most resilient type of asset in a volatile trade environment (49 per cent). Crypto (45 per cent) was the second-most popular option, and it is already the most held asset class among UAE investors, currently with 54 per cent invested. Naddaf added: 'With 90 per cent of investors anticipating an impact from tariffs and trade wars, and 89 per cent adjusting their portfolios accordingly, UAE investors show an impressive level of adaptability. Besides local stocks, many are reallocating towards commodities such as gold and oil, which are viewed as reliable hedges against external volatility. This suggests a disciplined, dual-track approach: reinforcing exposure to domestic markets that are shielded from the impact of tariffs, while managing risk through defensive asset classes.' Uncertainty is not deterring investors from continuing to seek opportunities in the market. 65 per cent of UAE retail investors have already increased contributions to their investment portfolios over the previous months, and 76 per cent expect to increase contributions over the next three months.
The National
a few seconds ago
- The National
Why are pink diamonds so rare and valuable?
Dubai Police's recent foiling of a heist has once again cast the spotlight on pink diamonds, considered among the rarest and most sought-after gems in the world. The force on Monday said they arrested a gang that had been plotting to steal a 21-carat rare pink diamond worth $25 million from a jeweller and smuggle it out of the UAE. The elaborate year-long scheme involved identifying the diamond's owner and tricking him into moving the precious stone out of his secure shop, allowing them to steal it. Teams from Dubai CID were able to track the three suspects, arrest them and recover the diamond within eight hours of the theft before it left the country. Pink diamonds owe their colour to extreme pressure during formation, which distorts their structure and makes light reflect in shades of pink. They are the rarest of the precious gems and the most in-demand on the global market, fetching record prices at auctions. Five of the 10 most expensive diamonds ever sold have been pink, according to auction house Sotheby's, with all sold within the past decade. Dubai Police did not identify the owner of the recovered pink diamond, but said the stone was among the rarest in the world, with only a 0.01 per cent chance of finding another like it. Vikram Jethwani, co-founder of VikJet Fine Jewelry and 818 Vault, told The National that collectors see pink diamonds 'as both emotional treasures and irreplaceable assets' due to their rarity. 'A $25 million pink diamond could command even higher bids in Dubai, where scarcity and investor appetite drive values upwards. Additionally, auction houses often push such gems beyond estimates,' he says. Buyers of such rare stones are in 'the global 0.01 per cent of ultra high net worth individuals, royals and seasoned collectors,' he explains. 'They view pink diamonds as the ultimate blend of status and beauty.' According Mehul Pethani, of Cara Jewellers in Dubai, pink diamonds can range in price from tens of thousands to millions of dollars per carat, depending on the intensity and quality of the colour. 'The UAE's affluent market and appreciation for high-end jewellery contribute to their popularity,' says the jeweller. 'In fact, some of the world's most renowned jewellers and luxury brands, who call the UAE home, often feature pink diamonds in their collections. 'Only few pink diamonds exist in the world and only few mines produce them, that's why they are so much more expensive than white diamonds.' Jethwani adds: 'Demand has only grown since the closure of Australia's Argyle mine in 2020, which was the world's main source – 90 per cent of pink diamonds globally were sourced from there.' Beyond the UAE, the wider Middle East is 'a trend-leader in pink diamonds,' according to Jeremy Morris, the chief executive and creative director of London-based jeweller David Morris. 'These gemstones are, of course, pretty and extremely collectible, but I believe their popularity among the jewellery connoisseurs of the Middle East owes more to the gemstone's elegance and individuality,' he told The National in an earlier interview. 'For me they are absolutely timeless, while possessing a playfulness that as a jewellery designer is a joy to work with, and offers a unique beauty that captivates our clients.' One of the most expensive pink diamonds to recently go on sale was an 'ultra-rare' gemstone weighing 10.57 carats. Named Eternal Pink, the diamond, which was discovered at a mine in Botswana, was displayed in Dubai by Sotheby's before it fetched $34.8 million at an auction in New York.
Zawya
22 minutes ago
- Zawya
Ludwig Schiwy named weaponry sponsor of Abu Dhabi International Hunting and Equestrian Exhibition 2025
Abu Dhabi — The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) 2025 has announced the selection of Ludwig Schiwy, a renowned manufacturer of hunting firearms, as a Weaponry Sponsor for its upcoming edition. The event is held under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers Club. Organised by ADNEC Group, a Modon holding company, in cooperation with the Emirates Falconers Club at ADNEC Centre Abu Dhabi, ADIHEX will run from August 30 to September 7, 2025. The exhibition is one of the most important and largest events specialising in hunting, equestrian, and marine sports in the Middle East and North Africa region. Saad Al-Hasani, Director of ADIHEX, said: 'We welcome Ludwig Schiwy, with its distinguished history in the manufacture of luxury arms, to the list of sponsors for the new edition of the exhibition. This sponsorship adds significant value to the experience of visitors and exhibitors, reflecting the exhibition's leading status as an eagerly awaited annual event for enthusiasts of hunting, equestrianism, and authentic heritage in the region and worldwide. It also reaffirms our commitment to providing an international platform that brings together top manufacturers and experts from around the globe.' Ahmed Saif Mubarak Bin Fadel Almazrouei, Regional Director, Middle East & Africa, added: 'ADIHEX brings together individuals who appreciate excellence, not only in the quality of weapons but also in the story, legacy, and craftsmanship behind them. That's why we have chosen to present our best at this edition, confident that the region, with its deep appreciation for tradition and luxury, will embrace this exceptional heritage.' He added: 'As a Weaponry Sponsor of this global event, we are proud to support the ongoing success of ADIHEX and are keen to contribute to an outstanding experience for both visitors and exhibitors.' Founded in 1925, Ludwig Schiwy is known for producing custom-made hunting rifles and pistols, combining traditional craftsmanship and precision engineering with the latest manufacturing and surface treatment technologies. The company caters to hunting enthusiasts and collectors of high-value historical arms. The 2025 edition of ADIHEX will see broad participation from local and international organisations and a large group of leading companies and brands in the fields of hunting, equestrianism, traditional crafts, and the preservation of environmental and cultural heritage.
