Growth

NEWS DESK

Abu Dhabi’s banking sector drives economic growth and investment prospects in The Report: Abu Dhabi 2025

PR News Desk 20/03/2025

The role of Abu Dhabi’s banking sector in strengthening the emirate’s global economic position will be explored in depth in The Report: Abu Dhabi 2025, following a Memorandum of Understanding (MoU) signed between Oxford Business Group (OBG) and the UAE Banks Federation (UBF). The collaboration

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RAKBANK’s Credit Outlook Upgraded to Positive by Moody’s, Reflecting Strong Performance and Diversified Growth

PR News Desk 19/03/2025

RAKBANK has received a positive outlook from Moody’s Ratings, marking a significant milestone in the Bank’s ongoing transformation. Moody’s has affirmed RAKBANK’s Baa1 long-term deposit rating and Baa1 senior unsecured debt rating, while upgrading the outlook from stable to positive—the first change in its rating outlook since Moody’s began assessing the Bank in 2005. This

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SelfDrive Mobility Projects 30% Growth as GCC and Western Expats Drive Demand for Car Rentals in UAE During Eid

PR News Desk 17/03/2025

SelfDrive Mobility, a leading mobility tech company and market pioneer in car rental and subscription services across the Middle East, anticipates a significant surge in demand as GCC nationals and Western expats make up a major share of inbound travelers to the UAE. With projections indicating that over 75% of visitors will be from the […]

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Dubai Chamber of Commerce records 33% growth in number of construction companies registering as new members during 2024

PR News Desk 16/03/2025

A recent analysis conducted by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that 29,000 new companies operating in the trading and services sector joined the chamber during 2024. This significant growth reflects the sector’s pivotal role in Dubai’s economic diversification. The construction sector also

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Response Plus Holding Revenue Surges 32% in 2024; Targets Global Growth

PR News Desk 14/03/2025

Response Plus Holding PJSC (ADX: RPM), the leading pre-hospital care and emergency medical services provider in the UAE and KSA, has released its audited financial results for the period ending December 31, 2024. The Group’s Revenue surged 32% from AED 346.1 million in 2023 to AED 456.5 million as on December 31, 2024. Net Profit […]

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Wyndham Hotels & Resorts Reports Strong Growth and Performance across EMEA

PR News Desk 11/03/2025

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with 25 global brands and approximately 9,300 hotels, continued to drive momentum across Europe, the Middle East, Eurasia and Africa (EMEA) in 2024. The Company executed 83 contracts and opened more than 50 hotels (adding over 6,400 rooms), driving landmark expansion across the region—including

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UAE GDP sees 3.8 per cent growth in first nine months of 2024

PR News Desk 07/03/2025

The UAE’s real GDP grew by 3.8 per cent during the first nine months of 2024 compared to the same period in 2023, totaling AED 1.322 trillion. Meanwhile, the country’s non-oil GDP grew by 4.5 per cent to reach AED 987 billion. The contribution of non-oil sectors to real GDP reached 74.6 per cent, while […]

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IBPC Drives Global Business Growth with Impactful SelectUSA Event

PR News Desk 05/03/2025

The Indian Business & Professional Council (IBPC Dubai) recently hosted a landmark event as part of its Business Connect Series, focusing on the opportunities offered by the U.S. market for Indian businesses. In collaboration with the U.S. Consulate in Dubai, this event centred around the SelectUSA initiative, which aims to help foreign companies expand their […]

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Cleveland Clinic Abu Dhabi reports 35% growth in international patient volume for 2024

PR News Desk 27/02/2025

Cleveland Clinic Abu Dhabi, part of the M42 group, has recorded a 35% increase in international patient volume in 2024, cementing its position as a global destination for world-class care. Over the past twelve months, the hospital saw more than 10,000 international patients encounters, demonstrating its leadership in advanced and specialized care powered by cutting-edge

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The Ascott Limited Accelerates Growth in North Africa

PR News Desk 25/02/2025

The Ascott Limited (Ascott), a global hospitality operator and leader in apart’hotels and hotels, is accelerating its expansion across North Africa with new partnerships, openings and a robust pipeline of upcoming properties in Morocco’s key economic and tourism hubs. Marking a significant milestone in its Morocco expansion strategy, Ascott celebrates the recent opening of

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Dubai Chamber of Commerce records 11.3% growth

PR News Desk 23/02/2025

Dubai Chamber of Commerce, one of the three chambers under the umbrella of Dubai Chambers, has announced that it attested 23,752 documents during 2024, recording robust growth of 11.3% over the previous year’s total. The chamber provides three main attestation sub-services including Verify Signature, True Copy, and Authentication, across 64 categories of documents. A total

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Digital Cooperation Organization concludes 4th General Assembly

PR News Desk 20/02/2025

The Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the inclusive growth of the digital economy, has concluded its fourth annual General Assembly in Jordan on 19th February 2025, launching new digital cooperation initiatives aimed at narrowing the global digital divide and endorsing

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Regional hospitality growth under the spotlight at Arabian Travel Market 2025

PR News Desk 19/02/2025

The hospitality sector in the GCC is experiencing a strong resurgence, with new data compiled by STR on behalf of Arabian Travel Market (ATM) revealing significant growth across the region in 2024. According to the report, aggregated Revenue per Available Room (RevPAR) across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE last year rose […]

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Dubai’s ultra-luxury real estate market set for more growth in 2025

PR News Desk 17/02/2025

Dubai’s ultra-luxury real estate sector is set to continue its robust growth trajectory in 2025, fuelled by strong demand, limited supply, and a steady influx of high-net-worth individuals (HNWIs), a new market study says. Over the last ten years, sales of luxury Dubai villas and apartments valued above AED15 million have risen dramatically, reaching AED […]

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Alef Education Sustains Strong Growth in 2024, Achieves Revenues

PR News Desk 14/02/2025

Alef Education Holding Plc (Alef Education), an award-winning AI-driven learning solutions provider based in Abu Dhabi, has announced its financial results for the period ending 31 December 2024, marking the third set of results since its ADX debut in June 2024. Alef Education reported a 6% increase in profit before tax to AED 491.7 million, […]

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Klook Closes $100 Million Investment to Fuel Next Decade of Travel Experiences Growth

PR News Desk 12/02/2025

Klook, a leading platform for experiences and travel services in Asia, today announced US$100 million in funding led by the global growth investment firm Vitruvian Partners. The latest investment underscores continued confidence in Klook’s vision, market leadership, and operational excellence as the company accelerates its efforts to capture the fast-growing market of next

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With the global events market set to pass $2.5 trillion by 2035

PR News Desk 11/02/2025

With the global events industry projected to register a compound annual growth rate (CAGR) of 6.8% during the period 2024-35, IBTM@ATM will provide a gateway to the lucrative business events sector throughout the 32nd edition of Arabian Travel Market (ATM), which will take place at Dubai World Trade Centre (DWTC) from 28 April to 1 […]

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Light + Intelligent Building Middle East concludes record-breaking edition

PR News Desk 11/02/2025

Light + Intelligent Building Middle East, the region’s leading event for lighting and building technology, has concluded, achieving record-breaking exhibitor, visitor, and floor space growth. Held at the Dubai World Trade Centre, the event underscored its importance as a platform for the industry by bringing together 442 exhibitors from around the world and attracted

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IFS Strategic Agreement with SBM Highlights Commitment to Growth in Saudi Arabia

PR News Desk 11/02/2025

IFS, the leading technology provider of enterprise cloud and Industrial AI software, today announced a strategic partnership with Saudi Business Machines (SBM), a leading provider of end-to-end enterprise information technology solutions in Saudi Arabia. Together, IFS and SBM are making significant investments into expanding the already existing market footprint of IFS

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FESPA Middle East celebrates year-on-year visitor growth following the event’s debut in 2024

PR News Desk 10/02/2025

More than 3,400 visits from over 2,700 industry professionals from 80 countries attended the second edition of FESPA Middle East, the region’s leading event for the global speciality print and signage industries, which took place at the Dubai Exhibition Centre from 20 – 22 January. This represents an 8% year-on-year increase in attendees compared to […]