Growth

NEWS DESK

e& reports outstanding Q3 financial and operational results

News Desk 1 01/11/2023

e& today announced its consolidated financial results for Q3 2023 reporting consolidated revenues of AED 13.4 billion with a YoY increase of 3.3 per cent while consolidated net profit was AED 3.0 billion, a year-over-year increase of 20 per cent. Financial Highlights for Q3 2023   Q3

NEWS DESK

KHAZNA INTRODUCES BIOFUEL SOLUTION TO DRIVE SUSTAINABLE DATA CENTER GROWTH

News Desk 1 18/10/2023

In a groundbreaking move towards realizing its ‘Future First’ strategy, which outlines the firm’s sustainability ambitions, Khazna Data Centers, the largest hyperscale wholesale data center provider in the region, today unveiled its plan to introduce biofuels to its portfolio of generators.  Announced at GITEX GLOBAL 2023, which takes place this week in Dubai, the

NEWS DESK

Amadeus Gulf Unveils New State-of-the-Art Office in Dubai

News Desk 1 16/10/2023

Amadeus, a global leader in travel technology dedicated to making the experience of travel better for everyone with advanced technology solutions for the global travel industry, is thrilled to announce the opening of its new office in Dubai. This strategic move aims to further strengthen Amadeus’ commitment to the UAE and particularly to the burgeoning […]

NEWS DESK

KAFD and FII Institute Join Forces to Propel Growth and Innovation

News Desk 1 12/10/2023

In a signing ceremony that took place today, the King Abdullah Financial District Management and Development Company (KAFD DMC) announced its strategic partnership with the Future Investment Initiative (FII) Institute. This groundbreaking collaboration solidifies their commitment to driving transformative change, bolstering economic resilience, and harnessing innovation to

NEWS DESK

Achieving 50% year on year growth, Paperworld Middle East

News Desk 1 05/10/2023

The largest global sourcing platform for the paper, stationery, office supplies and art & craft industry, Paperworld Middle East and its co-located show Gifts and Lifestyle Middle East, will return to the Dubai World Trade Centre from 21-23 November 2023. Building on record attendance numbers in 2022, both events are larger than ever for 2023, […]

NEWS DESK

Dubai’s Department of Economy and Tourism and Real Madrid

News Desk 1 05/10/2023

Dubai’s Department of Economy and Tourism, together with Real Madrid Club de Fútbol, have kicked-off a landmark collaboration. As two leading brands with joint values, ambitions and a dedication to excellence and innovation, the multi-year agreement promises a range of exciting activations, special fan moments and unique experiences for Dubai and Real Madrid fans. The […]

NEWS DESK

Menzies Aviation sign agreement with Air Serbia to support airline’s growth

News Desk 1 04/10/2023

Menzies Aviation, the leading service partner to the world’s airports and airlines, an Agility company, has today signed a Memorandum of Understanding (MoU) with Air Serbia, the leading airline in the wider Balkan region, to form a joint venture to support the Serbian national flag carrier’s ambitious growth plans. As part of the planned cooperation, […]

NEWS DESK

MRDS Group on track for strong year-over-year growth in 2023

News Desk 1 04/10/2023

MRDS Group, a leading project management, inspection, repair, and overhaul services provider for oilfield drilling and marine equipment, is on track to experience significant year-on-year growth in the Middle East and North Africa (MENA) energy sector in Q4 of 2023 and into 2024. This projection is driven by the rapid expansion of MENA’s oilfield services […]

NEWS DESK GCC UAE

Cleveland Clinic Abu Dhabi reports 20 percent growth in international patient numbers in H1 2023 over H1 2022

News Desk 1 30/09/2023

Cleveland Clinic Abu Dhabi, part of M42 network, continues to reinforce Abu Dhabi’s position as a global healthcare hub, with its International Patient Services recording 20 percent increase in patient volume during the first half of 2023 compared to H1 2022. The hospital treated a total number of 1,057 international patients in H1 2023, who […]

NEWS DESK

SleekFlow UAE Celebrates 5x Revenue Increase

News Desk 1 29/09/2023

SleekFlow, Asia-Pacific’s pioneering SaaS omnichannel social commerce platform, proudly announces incredible achievements with a remarkable 5 times revenue increase in the UAE during the first half of this year. The company has not only thrived in the Middle East, but the UAE is expected to account for approximately 20% of the new revenue within the […]

NEWS DESK

Innovation in payments supports global economic growth: UBF 

News Desk 1 27/09/2023

UAE Banks Federation, the sole representative and unified voice of UAE banks, affirmed its keenness to further efforts to advance the payments ecosystem in light of the unprecedented technological transformations taking place in the world. During its participation at the event, the Federation explained that innovation in the field of payments is reshaping the global […]

NEWS DESK

DELIVERECT SEES CONTINUED GROWTH WITH IMPRESSIVE H1 RESULTS

News Desk 1 26/09/2023

Deliverect, an all-in-one digital solution that seamlessly integrates and consolidates online orders in the global food service industry, has released its H1 report, detailing the company’s ongoing successes during the first half of 2023. In line with its expansions in Q2, Deliverect acquired ChatFood – a powerful tool to support social media orders and payments […]

Transport

Hala records 36% growth of trips in H1 2023 versus H1 2022

News Desk 1 20/09/2023

Hala, Dubai’s e-hailing taxi solution, has announced a 36% trip growth in the first six months of the year compared to the same time in 2022. Hala also saw a growth of 21% in new users signing up for the service compared to last year on the Careem app.  Khaled Nuseibeh, Chief Executive Officer at Hala, […]

NEWS DESK

Menzies Aviation accelerates growth during first year under new ownership

News Desk 2 09/08/2023

9 August 2023, Kuwait: Menzies Aviation, the leading service partner to the world’s airports and airlines, and an Agility company, is marking a year since it joined forces with National Aviation Services (NAS) to become the world’s largest aviation services company. The company, which was acquired by Agility on 4 August 2022, has enjoyed accelerated […]

Real Estate GCC UAE

New player Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

News Desk 2 03/08/2023

UAE, 3 August 2023 Prosper Real Estate, a leading Dubai-based real estate consultancy and brokerage firm, has emerged as a prominent player in the thriving Dubai real estate market, cementing its position as a trusted advisor to top multinational investors. With a record-breaking influx of six million tourists and a surge in real estate investments […]

Real Estate

Al Habtoor Tower sets new luxury benchmark to contribute to growth of Dubai’s luxury property market

News Desk 2 02/08/2023

UAE, August 02, 2023 Al Habtoor Group, a leading conglomerate in the United Arab Emirates, has raised the benchmark for luxury and comfort through a diverse array of world-class amenities and services to be offered at recently launched, state-of-the-art Al Habtoor Tower. The tower is a prime luxury project owing to its location in one […]

Business GCC UAE

H.E. Bin Touq: UAE’s GDP records 3.8 per cent growth

News Desk 2 02/08/2023

H.E. Abdullah bin Touq Al Marri, Minister of Economy, explained that the preliminary estimates of the UAE’s GDP growth at constant prices in the first quarter (Q1) of the year 2023, issued by the Federal Center for Competitiveness and Statistics, confirm the strength of the national economy. Most sectors and economic activities that serve as […]

Business Real Estate

Union Properties reports net profit of AED 5.4 million in the second Quarter of 2023 driven by continued growth in Dubai’s Real Estate Market

News Desk 2 27/07/2023

Dubai, UAE, July 27, 2023, Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) announced an exceptional net profit of AED 17.7 million for the period ended 30th of June 2023 compared to a net loss of AED 12.2 million during the comparable period from the previous year. In addition, the Group’s Subsidiaries […]

NEWS DESK

Stellantis Posts Strong Growth and Sets New Records in Net Revenues

News Desk 2 26/07/2023

AMSTERDAM, July 26, 2023 – Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands. Despite the challenging business environment,

Business

Juma Al Majid Est. Marks Exceptional Growth of 37% in H1 2023 Across Hyundai, Genesis in UAE

News Desk 2 26/07/2023

UAE, 26 July 2023: Juma Al Majid Est., the exclusive distributor of Hyundai and Genesis in the UAE, powers into the spotlight with an unprecedented surge of 37% growth in the first half of 2023. The UAE market has witnessed sustained innovation from Hyundai and Genesis, as their cutting-edge technology and unwavering commitment to customer […]