Growth

NEWS DESK

OPSWAT reiterates commitment to securing regional critical infrastructure

News Desk 1 09/01/2024

OPSWAT, a global leader in Critical Infrastructure Protection (CIP) cybersecurity solutions, today reiterated its commitment to helping critical infrastructure organizations in the region shore up their perimeter defenses against a threat landscape that shows an increasing interest in OT/ICS.

NEWS DESK

Money Maestro Anticipates 25 Percent Growth in 2024

News Desk 1 09/01/2024

Money Maestro, a financial mortgage consultancy firm, that has been operating in the UAE for past three years; anticipates 25 percent growth in 2024. The company, known for customised mortgage solutions and financial services in the region has a customer-centric approach, distinct from traditional financial service providers. As an independent brokerage firm, Money Maestro

NEWS DESK

Global Re Selects DXC Technology’s Reinsurance Software to Accelerate Growth

News Desk 1 13/12/2023

DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider today announced it has secured a seven-year contract with Global Re, a full-service global reinsurance firm, to deliver DXC Assure Reinsurance, which will underpin their expansion in the Middle East.  Global Re has selected DXC Assure Reinsurance, as its core administration

NEWS DESK

Non-Oil Sector on the Rise, Diversification Drives Growth

News Desk 1 13/12/2023

2023 was an eventful year from all standpoints, ending unexpectedly with the Israel-Gaza conflict breaking out in the Middle East. Financial and economic observers agree on the importance of remaining cautious when making projections about Middle Eastern markets for 2024 noting the possible spill-out of the conflict into other neighboring countries. However, forecasts

NEWS DESK

Beltone achieves record Operating Revenue of EGP957 million in 9M2023

News Desk 1 27/11/2023

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, following the acquisition. Many functions were revamped, policies and procedures

NEWS DESK GCC Saudi Arabia

AliExpress Records Growth in Saudi Arabia

News Desk 1 22/11/2023

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 […]

NEWS DESK

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

News Desk 1 21/11/2023

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 […]

NEWS DESK

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

News Desk 1 15/11/2023

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 […]

NEWS DESK

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

News Desk 1 14/11/2023

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%

NEWS DESK

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

News Desk 1 14/11/2023

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 […]

NEWS DESK

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

News Desk 1 13/11/2023

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 […]

NEWS DESK

Stellantis Reports 7% Growth in Q3 2023 Net Revenues

News Desk 1 10/11/2023

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 […]

NEWS DESK GCC UAE

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

News Desk 1 09/11/2023

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 […]

NEWS DESK

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

News Desk 1 09/11/2023

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 […]

NEWS DESK

HPE Partner Ready Vantage accelerates growth opportunities for partners of all sizes

News Desk 1 08/11/2023

Hewlett Packard Enterprise (NYSE: HPE) today announced updates to HPE Partner Ready Vantage, the program designed to better enable partners to deliver as-a-service solutions. The updates include: [RC1] [RC2] comprehensive Centers of Expertise, new competencies and an evolved competency framework, and tools and offerings that drive repeatable profitability and

NEWS DESK GCC UAE

NATIONAL EXPERTS PROGRAM: UAE’S FUTURE LEADERS EXAMINE THE IMPACT OF ADOPTING AI TECHNOLOGIES

News Desk 1 06/11/2023

The National Experts Program (NEP) today launched 13 reports written by its 3.0 participants, focusing on artificial intelligence (AI) and the importance of embracing its technologies to help address challenges and accelerate growth in the UAE’s key national sectors. The in-depth reports focus on how emerging AI technologies could disrupt and propel sectors that are […]

NEWS DESK

ITALY ACHIEVES REMARKABLE GROWTH IN ORGANIC EXPORTS

News Desk 1 06/11/2023

Italy, renowned for its rich culinary heritage, is making headlines for a different kind of recipe – its commitment to sustainability. The Italian Trade Agency (ITA) is set to make a profound statement at the Food Specialty Food Festival in Dubai, spotlighting Italy’s journey towards becoming a greener and more sustainable nation. Italian agri-food global […]

NEWS DESK

Dubai Business Forum highlights key roles of SMEs and trading blocs

News Desk 1 02/11/2023

The afternoon sessions during day one of the Dubai Business Forum, a transformative global event powered by Dubai Chambers, highlighted the key role of small and medium-sized enterprises (SMEs) in accelerating economic growth, as well as Dubai’s growing appeal in attracting foreign direct investments. Addressing a panel discussion, H.E. Khalfan Belhoul, CEO of the Dubai

NEWS DESK

Apterra: A leading digital platform developed by Alserkal family to foster sustainable growth

News Desk 1 01/11/2023

The UAE places significant emphasis on fostering innovative economic models and providing necessary enablers to drive their growth and expansion across various sectors, with a particular focus on the emerging sectors of the new economy. The family business sector is one of the models that the UAE government is committed to supporting, to ensure its […]

NEWS DESK

Equinix opens its third data center in Dubai

News Desk 1 01/11/2023

Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company®, has announced the opening of its third International Business Exchange™ (IBX®) data center in Dubai, creating the company’s largest and most interconnected data center in the Middle East. To celebrate the opening of the new center, which will be known as DX3, Equinix hosted an event […]