Matski Group Marks 3rd Anniversary, Acquires Smart Care Medical Centers

Matski Group, which owns Matski Center for Dental and Dermatology marked its third anniversary and announced the acquisition of Smart Care Medical Centers at a gala event held at the Ritz-Carlton, Seef, on May 19, 2025.
The event was held under the patronage of Mr. Vinod K. Jacob, Ambassador of India to Bahrain, who praised the achievements of Indian entrepreneurs in the Kingdom, noting that Indian investment in Bahrain now exceeds $1.4 billion, with bilateral trade projected to reach $2 billion in 2025.
The Ambassador praised the owner and founder of Matski Group, as a shining example of the positive impact of Indian business leadership in the Kingdom.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Daily Tribune

12 hours ago

• Daily Tribune

Rupee Dip Triggers Remittance Surge Among Indian Expats in Bahrain and Gulf

Indian expatriates in Bahrain and across the Gulf region are making the most of a favourable drop in the Indian rupee, resulting in a marked surge in remittances over the past two days. The rupee has slipped to around ₹221–223 against the Bahraini dinar, its weakest level since early April. This has prompted many non-resident Indians (NRIs) to quickly send money home, capitalising on the improved exchange rate rather than waiting for further declines. Although June is typically a quieter month for remittances—due to summer travel expenses and home visits—the rupee's slide has created a rare window of opportunity. Expats are choosing to remit now, avoiding speculation about future rate shifts. Strong Weekend Remittance Activity Thursday (June 19) saw one of the busiest remittance days in recent weeks. Even as the rupee briefly showed minor recovery, the prevailing sentiment among Indian expats remained confident: send now, rather than regret later. Exchange houses in Bahrain expect the strong remittance trend to continue through the weekend and into next week, especially if the rupee remains in the 221–223 range. What's Influencing the Rupee's Value? Despite heightened geopolitical tensions, particularly in the Middle East, the US dollar has shown limited safe-haven strength—contrary to historical trends. Instead, gold has emerged as the preferred hedge, leaving room for the rupee to hover at relatively favourable levels for remitters. Looking ahead, experts point to several factors that could influence the rupee's trajectory in the coming months: Recovery in foreign institutional investor (FII) flows following trade improvements with the US. Growth in India's defence manufacturing sector, boosting exports and reducing import dependency. Positive sentiment around India's trade agreements with the UK and expected deals with the US. Easing inflation, which remains below the Reserve Bank of India's 4% target, increasing the likelihood of further interest rate cuts. Proactive interventions by the RBI to stabilise currency markets and prevent extreme volatility. According to Subramanian Sharma, Promoter Director at Greenback Advisory Services, 'These developments point to a possible strengthening of the rupee in the coming months—but for now, Indian expats are rightly taking advantage of the current dip.' For many families in India, these timely transfers could make a real difference—and for NRIs in Bahrain, it's a smart financial move that blends timing with opportunity.

Daily Tribune

17 hours ago

• Daily Tribune

ICRF Bahrain Celebrates International Yoga Day 2025 with Amad Group Employees

TDT I Manama pradeep@ The Indian Community Relief Fund (ICRF) Bahrain marked International Yoga Day 2025 by organizing a refreshing yoga session for over 100 employees of Amad Group of Companies in Askar. The event, held on Thursday, June 19, 2025, aimed to promote well-being and a healthy lifestyle among the community. The one-and-a-half-hour session was expertly led by Yoga Instructor Mr Pradeep Kumar, who guided participants through a series of beneficial asanas and shared valuable tips for healthy living. The yoga session saw active participation from ICRF leadership, including Chairman Adv. V.K. Thomas, Advisor Dr. Babu Ramachandran, Vice Chairman Prakash Mohan, General Secretary Aneesh Sreedharan, Joint Secretary Suresh Kumar, and Yoga Day Coordinator Sunil Kumar. Other prominent ICRF members like Ajayakrishnan, Chemban Jalal, Nasser Manjeri, John Philip, Muralikrishnan, Rajeevan, and Deepshikha also joined. Representatives from Amad Group's Ascon Control WLL were also present, with General Manager Anindya Haldar, Assistant General Managers Vasudevan C and Ranjith Lakshman, Technical Director Nithyananda, and HR Manager Shibu Mundukattil participating in the communal practice. The initiative highlights ICRF's commitment to the welfare of the Indian community in Bahrain, fostering health and harmony through such engaging programs.

Gulf Insider

3 days ago

• Gulf Insider

UAE's Dollar-Millionaires: Another 13,000 Join Resident Base In 2024, Says UBS

An additional 13,000 made it to the ranks of UAE's dollar millionaire resident base in 2024, according to the latest UBS 'Global wealth Report 2025', which is an increase of 5.8% from the year before. A good number of these newly created millionaire base in the UAE came about from re-locations, as has been the case for four years now. 'This year there has been some significant movement in the number of millionaires in many of parts of the world, both upwards and downwards,' according to the Swiss bank's findings. 'In 2024, Turkey stands out from the crowd thanks to an 8.4% increase in its number of dollar millionaires over 2023, equivalent to a boost of roughly 7,000 people in a single year. The UAE (had) a rise of 5.8% in millionaire numbers, thanks to approximately 13,000 new entrants in this category.' 'Having looked at long-term trends, we concluded that wealth is far from static.' In the UAE, that's been the case. Banking and property market sources talk about the multi-million dollar deals that have been shaping the UAE investment landscape. The property firm Knight Frank in a recent report points to the influx of Saudi, Indian, Chinese and UK high networth individuals committing sizable investments in the UAE. At some locations such as Jumeira Bay island, the deal sizes are getting bigger. There are an estimated 240,343 dollar-millionaires in the UAE with a combined $785 million. Saudi Arabia, according to UBS, has 339,029 dollar-millionaires, with a combined wealth holdings of $958.3 million. 'In an era marked by rapid economic shifts, increasing volatility and unprecedented market developments, understanding the trends and drivers of wealth creation is more crucial than ever,' said Robert Karofsky, co-President of UBS Global Wealth Management. In the UAE, around 62% of gross wealth is allocated to financial assets, and it's almost 58% in Saudi Arabia. Assets such as real estate as well as land make up about 48% of what the super-rich spend on in both the prime GCC markets. (Debt levels among these investors is close to 9% in the UAE and 'only 5.7% in Saudi Arabia, one of the lowest levels in our sample of 56 countries', according to UBS.) Niels Zilkens, Head Wealth Management Middle East at UBS Global Wealth Management, said: 'Saudi Arabia and the UAE are not only seeing rising millionaire numbers, but also meaningful gains in median wealth – especially in the UAE, where it rose over 23% since 2020. 'With a combined $122 billion in expected wealth transfers ahead, both markets are entering a pivotal phase of generational transition.'