PRESS RELEASES

Beltone achieves record Operating Revenue of EGP957 million in 9M2023

Middle East News 247 November 27, 2023

Beltone Financial Holding (“Beltone” or “the Company”), one of the fastest growing financial institutions, announces its consolidated financial and operational results for the period ending September 30, 2023. Beltone’s new management embarked on a journey of restructuring and transformation,

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AliExpress Records Growth in Saudi Arabia

Middle East News 247 November 22, 2023

AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, concluded its 2023 11.11 Global Shopping Festival last Saturday. In Saudi Arabia, sales in the first 6 hours of this year’s 11.11 exceeded the sales of the entire day of Nov 11th last year. The platform saw nearly threefolds of new consumers placing […]

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Customised, eco-friendly paper and stationery products driving growth of Middle East market

Middle East News 247 November 21, 2023

A recent report by Technavio has forecast that the Middle East office stationery supplies and services market size is estimated to increase by USD 725.04 million by 2027. Global experts, speaking this morning at Paperworld Middle East and Gifts and Lifestyle Middle East at the Dubai World Trade Centre (DWTC), highlighted that a notable rise […]

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SALAMA reports strong financial performance with 19% growth in net profit

Middle East News 247 November 15, 2023

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, posted a net profit of AED 18.6 million for the first nine months of 2023 (9M 2023), a healthy 19% rise from AED 15.6 million reported in the corresponding period of the previous year. The company reported a significant 21% growth in revenue […]

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ADNOC Drilling Delivers Robust Growth in Third Quarter, with Net Profit Up 36% Year-on-Year to $257 million

Middle East News 247 November 14, 2023

ADNOC Drilling Company PJSC (“ADNOC Drilling” or “the Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) today announced its financial results for the third quarter and first nine months of 2023. Third quarter revenue increased to $776 million, up 16% year-on-year with growth across all segments. Third quarter EBITDA increased by an impressive 27%

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ENOC’s jet fuel sales to reach over a billion gallons by the end of 2023

Middle East News 247 November 14, 2023

Reaffirming its commitment to the growth of the aviation sector in Dubai, ENOC Group will reach more than one billion gallons of jet fuel sales – exceeding pre-pandemic levels – at the end of this year by supplying more than 153,000 commercial, military, and general aviation flights around the world. The announcement was made on […]

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TAQA Group Reports AED 15 billion Net Income for first Nine Months of 2023

Middle East News 247 November 13, 2023

Abu Dhabi National Energy Company PJSC (“TAQA”, the “Group” or the “Company”), one of the largest listed integrated utilities in Europe, the Middle East and Africa, reported its earnings for the period ending 30 September 2023 and unveiled revised growth targets that will see the Group accelerate the development of new power and water generation […]

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Stellantis Reports 7% Growth in Q3 2023 Net Revenues

Middle East News 247 November 10, 2023

Stellantis N.V. continued to build momentum in Q3 2023, delivering a 7% year-over-year increase of Net revenues driven by continued strength in shipments. The Company’s “Third Engine”(5) achieved 25% revenue growth year-over-year. Global BEV sales were up 37% versus third quarter 2022, led by the following vehicles: Jeep® Avenger, Citroën Ami, Peugeot E-208, Fiat New […]

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Rapid growth in Abu Dhabi powered by strategic foresight and enabling regulatory reforms

Middle East News 247 November 9, 2023

Abu Dhabi’s robust economic performance and the enticing opportunities it offers to global investors take centre stage in the newly released “The Report: Abu Dhabi 2023″ by the research and advisory firm Oxford Business Group. In 2022, Abu Dhabi achieved a growth rate of 9.3% – the highest in the Middle East and North Africa […]

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Seera Group unveils a revised corporate strategy and reports robust Q3 profits

Middle East News 247 November 9, 2023

Seera Group has unveiled an ambitious and updated corporate strategy that aims to boldly move the company forward to a new era of growth. Under this revitalized plan, Seera Group will evolve from an operating holding company extending support for all businesses to the streamlined structure of a strategic investor governing its core segments with […]