United Arab Bank P.J.S.C (“UAB” or “the Bank”) reports its financial results for the three months ending 31st March 2025. UAB posted a net profit of AED 102 million for the Q1 2025, compared to AED 68 million in Q1 2024 representing an increase of 49%. The growth in net profit stems
Growth
NMDC Energy PJSC (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), has reported strong financial results for the period ending 31 March 2025, with robust performance defined by healthy project activity and diversified revenue contribution. NMDC Energy achieved 25% year-on-year increase in net profit for the quarter, from AED174 million in Q1 2024 […]
Current trends in business travel spending, changing global economic conditions, and the increasing impact of regional economic strategies have emerged as significant forces shaping the future of business travel in the Middle East. Today, experts gathered at the new Business Events Stage during the Arabian Travel Market (ATM) 2025, part of the newly launched IBTM@ATM […]
Acronis, a global leader in cybersecurity and data protection, solidifies its position as a cybersecurity leader through significant milestones, a broadened global user base, and new product releases and enhancements. Over the past year, Acronis has prevented more than 7.5 million attacks, demonstrating the proactive defense capabilities of its
The UAE Council for Entrepreneurship held its second meeting of the year, chaired by H.E. Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship. It was attended by council members representing federal and local government entities, economic development departments, and various councils and funds promoting entrepreneurship in the country. The meeting forms
TIME Hotels, the UAE-born hospitality brand, is accelerating its global growth with bold expansion plans unveiled ahead of Arabian Travel Market 2025. With a strategic focus on high-growth markets, the company aims to open 12 new properties across Saudi Arabia, Tanzania, Morocco, and the Indian Ocean by Q1 2026, and is targeting an ambitious milestone […]
Building on an entrepreneurial spirit spanning more than four decades, Al Khayyat Investments (AKI) has inaugurated a state-of-the-art Fulfilment & Innovation Centre in Dubai Industrial City, part of TECOM Group PJSC, that will serve as a cornerstone for the company’s continued regional expansion. The 1 million sq ft facility not only quadruples
Hamdan bin Mohammed Smart University (HBMSU) held its third board meeting for the academic year of 2024-2025, chaired by His Excellency Mattar Al Tayer, Chairman of the Board of Trustees, in the presence of their excellencies and other board members. During the meeting, the council discussed the progress of the HBMSU’s 2024-2026 strategic plan, implementation […]
Thales, the leading global technology and security provider, has today announced it is working in partnership with tyre manufacturer Michelin to protect its Intellectual Property and deploy its software to customers around the world, with the Sentinel Software Monetization Platform. Michelin, one of the largest, oldest and most respected tyre manufacturers in the
STARZPLAY, the leading subscription video-on-demand (SVOD) service in the MENA region, reports record-breaking financial and operational milestones in 2024 with the strategic support of the Abu Dhabi Investment Office (ADIO). The company’s revenue has successfully surpassed the AED 370 million mark, reflecting the success of its long-term growth strategy and strategic
Azizi Developments, a leading private developer in the UAE, announced its recent talent acquisition efforts, resulting in a significant surge in the quantity and quality of its workforce, effectively reinforcing its ambitious growth strategy and commitment to operational excellence. The developer has grown from a modest team of merely seven employees in 2007 to an […]
ORA Developers, a globally recognized real estate leader, has established its UAE headquarters at One Central. This strategic move reinforces ORA Developers’ regional expansion while directly supporting the UAE’s vision for sustainable, future-ready urban environments that drive economic growth. Founded by Eng. Naguib Sawiris, ORA Developers boasts a global portfolio
Frimex Investment (Frimex), the investment arm of the Hayel Saeed Anam Group (HSA Group) at Jeddah City in the Kingdom of Saudi Arabia since more than 45 years, has officially opened its new Riyadh office, marking a major step in its expansion and showcasing its long-term commitment to economic growth and Vision 2030. Enhancing operational […]
Sadq, the leading Saudi platform for digital signatures and integrated workflow authentication solutions, has announced the successful close of its Pre-Series A funding round, raising SAR 5.5 million. The round was led by X by Unifonic Fund, with participation from a group of investors and a strategic investment from Unifonic. This investment marks a significant […]
Abdullah Al Mamoon, theSenior Vice President of HR and Legal Affairs at leading UAE-based facilities management company Farnek, has been handed the responsibility of driving the growth and expansion of newly formed Flexitalent. Flexitalent, which is a part of the Farnek Group of companies, integrates technology-driven workforce management solutions, through smart payroll
Saudi Arabia’s travel and tourism sector continues on an upward trajectory, with the Kingdom welcoming 30 million international visitors in 2024, representing a 9.5 percent increase from the previous year. This impressive growth will be under the spotlight at the upcoming Arabian Travel Market (ATM), where Saudi Arabia will present its latest tourism milestones, showcase
Rabee Securities, Iraq’s leading financial services firm, reported a 1.6% growth in the Rabee Securities Iraq Stock Exchange Index (RSISX Index) for March 2025. This performance emerges as a standout achievement during a period where regional markets experienced varied economic pressures. While markets such as Dubai, Abu Dhabi, Qatar, Muscat, and Saudi Arabia recorded
Hospitality Management Holding (HMH) is pleased to announce the promotion of Haytham Abdelaziz to the role of Chief Operating Officer (COO). With his proven leadership and operational excellence, Haytham has played a pivotal role in driving HMH’s success. In his new role, Haytham will oversee the execution of key initiatives, ensuring optimal performance across the […]
7X, the UAE-based investment and holding group in the trade, transport, and logistics sectors, announced the appointment of Tariq Ahmed Al Wahedi as its new Group CEO, following Board approval. The appointment comes as part of the Group’s evolution and ongoing organisational and operational transformation across 7X and its subsidiaries, designed to strengthen its local
Dubai’s real estate market has exhibited substantial growth in the first quarter of 2025, according to the latest analysis by Springfield Properties. The sector recorded a total transaction value of AED 114.08 billion, marking a 29.19% increase compared to the same period in 2024, with 42,269 transactions completed – a 23.11% rise year-on-year. Off-plan properties





























