Growth

Business

Savoye achieves remarkable growth in 2022 with turnover exceeding AED 800 million

News Desk 2 22/05/2023

Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, achieved a remarkable milestone globally by attaining a global turnover of over AED 800 million in 2022, which is a six per cent increase compared to the previous year. Savoye’s remarkable

NEWS DESK

Alfa Romeo starts 2023 with a record first quarter

News Desk 2 18/05/2023

After recording an extremely positive 2022, Alfa Romeo is gaining momentum in its recovery with a record-breaking first quarter, the result of a solid strategic plan implemented rigorously and with constant focus on 360° quality. 2023 will be a complex year filled with exciting challenges, although the excellent commercial performance in Q1 includes evident growth […]

NEWS DESK

Business Growth Opportunities and Emerging Industry Trends in the Spotlight on Day 2 of CABSAT 2023

News Desk 2 17/05/2023

May 17, 2023: Day two of CABSAT 2023, the flagship event for broadcast, satellite, content creation, production, distribution, digital media and entertainment industries, welcomed visitors from around the world to network, collaborate, and seek opportunities for advancement. Through a dynamic programme of conference sessions, live technology demos, and showcases of global

Business

DIFC Records Promising Growth in Q1 2023 Welcoming International Powerhouses Apple

News Desk 2 15/05/2023

Dubai, UAE; 15 May 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, continues to attract world-class international firms to Dubai with Apple, Aramco, Baker McKenzie, JLL, Stryker, and others establishing new regional presence at the Centre. These additions reinforce DIFC’s 2022

Business

Emirates Steel Arkan Profit Doubles Year-on-Year

News Desk 2 10/05/2023

Abu Dhabi, United Arab Emirates, 10 May 2023: Emirates Steel Arkan (ADX: EMSTEEL) (“the Group”), the largest publicly traded steel and building materials company in the UAE, announces its growth in revenues and profits for Q1 2023. The strong performance in Q1 2023 was driven by several factors, including increased volumes from the Steel division, […]

Business

Ducab Group announces 380% growth in the volume of utilities solutions supplied between 2021 and Q1 2023

News Desk 2 08/05/2023

Ducab Group, one of the biggest end-to-end solutions providers and manufacturing firms in the United Arab Emirates, has reported 380% growth in the volume of utilities solutions supplied supplied starting from 2021 and until the first quarter of 2023. The announcement was made as the Group takes part in the World Utilities Congress (WUC) 2023, […]

NEWS DESK

Minister of Economy reviews national tourism sector’s growth & accomplishments

News Desk 2 03/05/2023

Abu Dhabi, 3 May 2023: H.E. Abdulla bin Touq Al Marri, Minister of Economy, visited the 30th edition of the annual Arabian Travel Market (ATM) exhibition, which was held at the Dubai World Trade Center recently. During the visit, H.E. emphasized that the UAE, following the vision of its wise leadership, has made significant strides […]

NEWS DESK

IMF Regional Economic Outlook Projects 3.1 per cent GDP Growth in the MENA Region

News Desk 2 03/05/2023

Dubai, UAE, May 3, 2023: The International Monetary Fund (IMF) today hosted a hybrid event to launch the May 2023 Regional Economic Outlook (REO) for the Middle East and Central Asia region at the Dubai International Financial Centre. The IMF finds that despite global shocks, growth in the Middle East and North Africa (MENA) region […]

NEWS DESK GCC UAE

Sharjah Airport records footfall of over 3.8 million passengers in first quarter of 2023

News Desk 2 01/05/2023

01 May, 2023 Sharjah Airport has welcomed more than 3.8 million passengers in the first quarter of 2023, recording a 28.01 per cent increase over the same period in 2022, and is expected to achieve even higher growth rates by the year’s end due to its notable services for passengers. The aircraft movement for the […]

Business

Orient Finance achieves remarkable growth in Q1 of 2023

News Desk 2 01/05/2023

May 01, 2023 Orient Finance, a leading and trusted ‘Global Investment Partner’ in the Middle East, recorded a robust performance during the first quarter (Q1) of this year by opening hundreds of new trading accounts for citizens and residents in the UAE and the Middle East. The trade volume also increased by 20 per cent […]

NEWS DESK

National Marine Dredging Group achieves 366% growth in net profit during first quarter of 2023 to reach AED 303 million

News Desk 2 01/05/2023

National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, announced achieving a record growth in its net profit by 366% during the first quarter of 2023, to reach AED 303 million, compared to net profit of AED 65 million during the same period last year. […]

Hospitality

Radisson Hotel Group on track to realize its ambitious growth plan after a strong start to the year

News Desk 2 28/04/2023

During Q1, in the premium lifestyle segment, Radisson Hotel Group opened its fifth Radisson Collection property in Italy, Radisson Collection Hotel, Santa Sofia Milan, as well as its first Radisson Collection property in Lithuania. The Group also signed its second Radisson Collection property in Brussels, Radisson Collection The National Hotel, Brussels, its first Radisson

Business

Sustainability to Drive Shareholder Value for your Business

News Desk 2 24/04/2023

By Rohan Chopra – head of sustainability, services, and solutions, Johnson Controls Dubai, UAE, 24 April 2023: Environmental responsibility and sustainability impact not only the survival, but also the growth of every organization. In fact, sustainability-focused companies have seen better financial results relative to their peers. Embracing sustainability uncovers

Logistics Business

Shipsy Records Around 100% Top Line Growth, Opens Another RHQ in Middle East to Onboard Top Regional Talent

News Desk 2 24/04/2023

Shipsy, a leading SaaS-based global smart logistics management platform provider, recently announced it clocked around 100% growth in the top line and has established another regional headquarter in Riyadh to aggressively onboard local talent. Shipsy’s first regional HQ in the Middle East was established in Dubai in 2021. It also highlighted that in the Middle […]

NEWS DESK

Integrate ME to discuss the significance of cutting-edge AV solutions

News Desk 2 18/04/2023

Dubai, April 18, 2023 Integrate Middle East, a significant new learning and networking event for the entire Pro Audio Visual (AV) integration value chain, is set to emphasise the significance and latest impacts of the Pro AV industry in the global smart building market, which is projected to grow at a compound annual growth rate (CAGR) […]

Business GCC UAE

UAE Banks Federation Board of Directors Affirms Strength of UAE Banking Sector 

News Desk 2 14/04/2023

UAE Banks Federation Board of Directors convened its first meeting for the year 2023 on March 16th under the leadership of His Excellency Abdulaziz Al-Ghurair, Chairman of the Board of Directors of UAE Banks Federation. The Board discussed the latest developments, trends, and challenges in the banking sector, locally and globally. During the meeting, the […]

Business GCC UAE

UAE ranks 11th globally in commodity exports in 2022

News Desk 2 11/04/2023

The UAE has been ranked 11th globally in the export of goods in 2022 with the total value of its goods trade amounting to USD 599 billion. The country accounted for 2.4 per cent of global merchandise exports with a 41 per cent growth. When the European Union countries are treated as a single group, […]

Business GCC UAE

Juma Al Majid Est. Drives Genesis UAE Sales

News Desk 2 11/04/2023

Juma Al Majid Est. (JAME), the official distributor of Genesis in the UAE, proudly announces that it has won the award from Genesis Middle East for the highest sales growth in 2022. This momentous accomplishment serves as a testament to JAME’s steadfast commitment and pursuit of excellence in providing top-tier products and services, ensuring unparalleled […]

Tech NEWS DESK

Milestone Systems delivers record-high net revenue

News Desk 2 05/04/2023

Dubai, United Arab Emirates – 3 April 2023: Video software firm Milestone Systems delivered double-digit growth in 2022, according to the Danish company’s newly released Annual Report. The 25-year-old Copenhagen-headquartered technology company recorded an all-time high annual net revenue of 1.5 billion Danish kroner (AED 800 million), a 30% increase compared to 2021.

NEWS DESK

CHALHOUB GROUP SIGNS MOU WITH KING ABDULAZIZ UNIVERSITY

News Desk 2 05/04/2023

Chalhoub Group signed a Memorandum of Understanding (MoU) with King Abdulaziz University in Saudi Arabia to bridge the gap between academia and the industry – creating a pool of talented graduates who can actively contribute to the sector’s growth and expansion. The MoU was signed at King Abdulaziz University in Jeddah with the presence of Mohammad […]