Latest news with #GCC-based
The Print
04-05-2025
- Business
- The Print
TAC InfoSec net profit more than doubles to Rs 15 cr in FY25; revenue jumps 2.6 times
'The net profit surged 135 per cent YoY, reaching Rs 148.3 million compared to Rs 63.3 million last year,' the company said in a statement. The company recorded a 160 per cent year on year revenue growth, scaling from Rs 11.7 crore in FY24 to Rs 30.5 crore in FY25. Chandigarh, May 4 (PTI) Cybersecurity company TAC InfoSec Limited on Sunday said its net profit more than doubled to Rs 14.8 crore in the financial year 2024-25 compared to the preceding fiscal. Growth remained strong, with revenue rising 46 per cent between first half and second half of FY25, and profit after tax growing by 27 per cent in the same period. This acceleration underscores TAC InfoSec's scalability and operational strength, it said. Backed by key acquisitions, including CyberScope (Web3), Cyber Sandia (US government), and a GCC-based cybersecurity firm, the company crossed the 3,000 client mark, expanded into 100-plus countries, and launched industry-first solutions like ESOF AppSec ADA MASA in partnership with Google. Trishneet Arora, Founder and CEO, said, 'Our exponential growth is a testament to our execution, innovation, and strategic foresight. FY24-25 was a breakout year and we're just getting started.' The management projects continued growth momentum and margin stability in FY26, reinforcing TAC InfoSec's leadership in global cybersecurity, the company said. PTI VSD HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Zawya
01-05-2025
- Business
- Zawya
Sri Lanka unveils renewed tourism vision at Arabian Travel Market 2025 Press Conference
Dubai, UAE: The Sri Lanka Tourism Promotion Bureau (SLTPB) hosted a press conference on the sidelines of Arabian Travel Market (ATM) 2025 in Dubai, reaffirming its commitment to expanding tourism partnerships and boosting arrivals from the Gulf Cooperation Council (GCC), the broader Middle East, and international markets. The conference highlighted key developments across Sri Lanka's tourism sector, including infrastructure upgrades, market trends, and evolving traveler experiences. Addressing a packed media room, Sampath Nishshanka, Managing Director of SLTPB, outlined the country's strategic focus on community-based experiences, wellness and nature travel, and premium hospitality. 'Sri Lanka is not just a destination — it is an experience shaped by warmth, culture, and meaningful connections that today's discerning travelers seek,' he said. 'We take pride in our heritage and the genuine hospitality that defines us. As we present a renewed vision for tourism, we invite the world — here at Arabian Travel Market — to rediscover Sri Lanka with fresh eyes and open hearts.' The press conference emphasized SLTPB's collaboration with GCC-based travel agencies and airlines to enhance connectivity and curate personalized experiences for travelers in GCC and the wider region. It also spotlighted efforts to strengthen media and trade engagement through authentic storytelling and by reinforcing confidence in Sri Lanka as the ideal travel destination for GCC and Middle East traveller. The Sri Lanka Pavilion at ATM 2025 features a mix of co-exhibitors — including boutique hotels, wellness retreats, and destination management companies (DMCs) — keen to forge partnerships across the region and beyond. SLTPB also unveiled initiatives targeting families, spiritual travelers, and adventure seekers, aligning with summer travel trends. Visa-free entry for GCC nationals, direct air links, and attractive luxury packages further reinforce Sri Lanka's appeal as a premier holiday destination. Sri Lanka is steadily emerging as a top choice for travelers from the GCC and wider Middle East, offering halal-friendly services, safety, cultural richness, and breathtaking landscapes. With its year-round appeal, upscale accommodations, and expanding infrastructure, the island caters to a broad range of travel preferences from the region. By participating in ATM 2025, Sri Lanka underscores its strategic focus on GCC and wider Middle East as key source markets. Through innovation, collaboration, and traveler-centric experiences, the country is charting a confident path toward a sustainable and thriving tourism future. About The Sri Lanka Tourism Promotion Bureau (SLTPB) The Sri Lanka Tourism Promotion Bureau (SLTPB) is the official government body tasked with overseeing all marketing and promotional efforts related to Sri Lanka's travel and tourism industry. The Bureau is led by the Chairman, Managing Director, and a Board of Directors that includes representatives from key industry associations such as the Tourist Hotels Association of Sri Lanka, the Sri Lanka Association of Inbound Tour Operators, the Association of Small and Medium Enterprises in Tourism, among others. SLTPB's core mission is to market and promote Sri Lanka — both directly and indirectly — as a high-quality tourist destination, in line with the national Tourism Development Plan. This is achieved in collaboration with key entities including the Sri Lanka Tourism Development Authority, the Sri Lanka Conventions Bureau, the Sri Lanka Institute of Hotel Management, and a wide range of travel and tourism stakeholders.
Trade Arabia
30-04-2025
- Business
- Trade Arabia
Sri Lanka unveils renewed tourism vision at ATM
The Sri Lanka Tourism Promotion Bureau (SLTPB) outlined the country's strategic tourism focus on community-based experiences, wellness and nature travel, and premium hospitality at the Arabian Travel Market (ATM) 2025 in Dubai. At a press conference on the sidelines of ATM, SLTPB reaffirmed its commitment to expanding tourism partnerships and boosting arrivals from the Gulf Cooperation Council (GCC), the broader Middle East, and international markets. The conference highlighted key developments across Sri Lanka's tourism sector, including infrastructure upgrades, market trends, and evolving traveller experiences. Sampath Nishshanka, Managing Director of SLTPB, said: 'Sri Lanka is not just a destination — it is an experience shaped by warmth, culture, and meaningful connections that today's discerning travellers seek,' he said. 'We take pride in our heritage and the genuine hospitality that defines us. As we present a renewed vision for tourism, we invite the world — here at Arabian Travel Market — to rediscover Sri Lanka with fresh eyes and open hearts.' The press conference emphasised SLTPB's collaboration with GCC-based travel agencies and airlines to enhance connectivity and curate personalized experiences for travelers in GCC and the wider region. It also spotlighted efforts to strengthen media and trade engagement through authentic storytelling and by reinforcing confidence in Sri Lanka as the ideal travel destination for GCC and Middle East traveller. The Sri Lanka Pavilion at ATM 2025 features a mix of co-exhibitors — including boutique hotels, wellness retreats, and destination management companies (DMCs) — keen to forge partnerships across the region and beyond. SLTPB also unveiled initiatives targeting families, spiritual travelers, and adventure seekers, aligning with summer travel trends. Visa-free entry for GCC nationals, direct air links, and attractive luxury packages further reinforce Sri Lanka's appeal as a premier holiday destination. Sri Lanka is steadily emerging as a top choice for travellers from the GCC and wider Middle East, offering halal-friendly services, safety, cultural richness, and breathtaking landscapes. With its year-round appeal, upscale accommodations, and expanding infrastructure, the island caters to a broad range of travel preferences from the region.
Zawya
25-04-2025
- Business
- Zawya
GCC family offices emerge as new venture capital powerhouses
DOHA: Family offices in the GCC are undergoing a significant transformation. Once focused primarily on managing and preserving wealth, these entities are now embracing high-growth strategies that resemble the behavior of venture capital firms. A new report by LOGIC Consulting, titled 'Beyond Wealth: How Family Offices Are Shaping the Future of Investment', reveals that 78 percent of family offices globally are planning to invest in digital assets over the next two to three years. This shift highlights how these entities are moving toward innovation-driven and tech-focused investment models. Fueled by younger generations, growing digital fluency, and a greater tolerance for risk, family offices across the region are backing early-stage tech startups, AI ventures, sustainable technologies, and fintech disruptors. This evolution is positioning GCC-based family offices as influential players in the global innovation economy. Their long-term and purpose-led capital sets them apart from traditional institutional investors. Traditionally, family offices were designed to manage wealth and ensure financial stability for future generations. Their investment strategies often centered around real estate, industrial holdings, and low-risk portfolios. That model is now shifting. Increasingly, family offices are aligning with the high-growth strategies of venture capital, supporting disruptive businesses, nurturing innovation, and forming direct partnerships with founders. 'Family offices in the GCC are no longer playing it safe,' said SeifAllah Rabie, UAE Managing Partner at LOGIC Consulting. 'They are actively reshaping the investment ecosystem and stepping into roles traditionally dominated by venture capital firms. The key difference is that family offices bring patient capital, which allows businesses the time and flexibility they need to scale.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Mid East Info
25-04-2025
- Business
- Mid East Info
GCC Family Offices Emerge as New Venture Capital Powerhouses Amid Global Tech Push - Middle East Business News and Information
78 percent of family offices globally plan to invest in digital assets in the next two to three years, redefining the future of private capital Dubai, United Arab Emirates – Family offices in the GCC are undergoing a significant transformation. Once focused primarily on managing & preserving wealth, these entities are now embracing high-growth strategies that resemble the behavior of venture capital firms. A new report by LOGIC Consulting, titled 'Beyond Wealth: How Family Offices Are Shaping the Future of Investment' , reveals that 78 percent of family offices globally are planning to invest in digital assets over the next two to three years. This shift highlights how these entities are moving toward innovation-driven and tech-focused investment models. Fueled by younger generations, growing digital fluency, and a greater tolerance for risk, family offices across the region are backing early-stage tech startups, AI ventures, sustainable technologies, and fintech disruptors. This evolution is positioning GCC-based family offices as influential players in the global innovation economy. Their long-term and purpose-led capital sets them apart from traditional institutional investors. A New Investment Identity Is Emerging: Traditionally, family offices were designed to manage wealth and ensure financial stability for future generations. Their investment strategies often centered around real estate, industrial holdings, and low-risk portfolios. That model is now shifting. Increasingly, family offices are aligning with the high-growth strategies of venture capital, supporting disruptive businesses, nurturing innovation, and forming direct partnerships with founders. 'Family offices in the GCC are no longer playing it safe,' said SeifAllah Rabie, UAE Managing Partner at LOGIC Consulting. 'They are actively reshaping the investment ecosystem and stepping into roles traditionally dominated by venture capital firms. The key difference is that family offices bring patient capital, which allows businesses the time and flexibility they need to scale.' The report highlights that this new approach is not simply a response to market trends but a reflection of generational change. Younger family members are assuming greater responsibility within family offices and are using their digital literacy and global exposure to influence investment direction. Their portfolios include emerging asset classes such as cryptocurrencies, AI-based platforms, impact startups, and ESG-focused funds. The emphasis is increasingly on purpose alongside profit. GCC Family Offices Leading Tech-Focused Investment: Several regional family offices have already made their mark as active participants in the tech sector. The Private Office of Sheikh Saeed Al Maktoum has invested in ventures such as Fantom Foundation, a blockchain platform, and Servion Global Solutions, a company focused on digital transformation technologies. Kingdom Holding Company, the family office of Prince Alwaleed Bin Talal, backed Careem in 2017, which was later acquired by Uber for 3.1 billion US dollars. 'These examples show how GCC family offices are taking calculated, strategic risks in technology and achieving significant outcomes,' added Rabie. 'They are not just funding innovation; they are helping to shape it by investing in platforms and ideas that will define future economies.' Investing With Impact and Purpose: In addition to a growing focus on technology, today's family offices are increasingly investing with a sense of purpose. Impact investing has become a central pillar in their strategies. This includes funding ventures in renewable energy, sustainable real estate, agri-tech, and water conservation. The goal is to generate positive societal and environmental outcomes alongside financial returns. The report points to regional success stories such as Pure Harvest Smart Farms, which received funding from leading GCC family investors, and Waad Investment in Riyadh, a fund supporting sustainable tech startups and digital innovation. These ventures reflect a broader movement among family offices to align their financial power with values such as sustainability, food security, and climate resilience. The Blurring Line Between Family Offices and Venture Capital: As this transformation unfolds, family offices are beginning to look and act more like venture capital firms. The LOGIC Consulting report raises a timely question. Are family offices becoming the new venture capitalists? While family offices continue to differ in key ways such as funding from private wealth and longer investment horizons, their growing role in startup ecosystems and innovation-driven markets is undeniable. They offer strategic support, deep sectoral knowledge, and the ability to incubate new businesses through tailored partnerships. 'Family offices have the flexibility, capital, and now the ambition to act as innovation engines for the region and beyond,' said Rabie. 'What we are witnessing is not just a change in strategy, but a change in identity.' A Glimpse Into the Future: With rapid advances in technology and increasing momentum around sustainability, GCC family offices are well-positioned to shape the next phase of global investment. Their ability to balance long-term thinking with bold capital allocation is making them one of the most dynamic forces in the private capital landscape.
