Growth

NEWS DESK

Major Developers Powers Ras Al Khaimah’s Ambitious Growth Trajectory

News Desk 1 28/11/2024 0

Ras Al Khaimah’s real estate and tourism sectors are set for remarkable expansion, fuelled by robust international interest and forward-looking projects. The latest report from Al Marjan Island projects a 50-62% population increase by 2030 and a substantial rise in tourism—anticipated to

NEWS DESK

Jeep® Continues Growth Trajectory in The Middle East

News Desk 1 27/11/2024 0

Jeep®, one of Stellantis’ most iconic brands, is continuing its impressive growth across the Middle East, with year-to-date (YTD) sales up 10%, largely driven by the success of its flagship models, the Jeep Grand Cherokee and Wrangler. The Jeep Grand Cherokee has reinforced its significant presence in the region, achieving an 8% YTD sales increase […]

NEWS DESK

RAMY Motors Celebrates a Milestone Year of Groundbreaking Builds and Growth

News Desk 1 27/11/2024 0

RAMY Motors, the specialized vehicle division of RAMY Automotive, proudly marks its first anniversary with a year of achievements and groundbreaking custom builds that cater to thrill-seekers and automotive enthusiasts alike. Blending expert craftsmanship with a passion for adventure, RAMY Motors has averaged 4-5 custom vehicle sales per month to date, a notable

NEWS DESK

Moody’s Acquires Numerated Growth Technologies, Expanding Lending Technology Solutions

News Desk 1 22/11/2024 0

Moody’s Corporation (NYSE:MCO) announced today that it has acquired Numerated Growth Technologies (Numerated), a loan origination platform for financial institutions. The transaction further expands Moody’s Lending Suite capabilities across the credit lifecycle, providing banking customers with a powerful end-to-end loan origination and monitoring solution. The acquisition

NEWS DESK

Hala Commemorates Five Years of Pioneering Success and Exponential Growth in the UAE

News Desk 1 21/11/2024 0

Hala, Dubai’s leading e-hailing taxi service, proudly celebrates five extraordinary years of transforming urban mobility in the UAE. Launched in 2019 as a first-of-its-kind joint venture between Careem and Dubai’s Road and Transport Authority (RTA), Hala has transformed how people move across the city, setting the blueprint for convenience, reliability, and seamless

NEWS DESK

UAE Strengthens Position as Key Global Financial Hub, Driving Regional Economic Growth

News Desk 1 20/11/2024 0

As of September 2024, Dubai ranks 16th in the Global Financial Centers Index (GFCI). Since the establishment of the Dubai International Financial Center (DIFC) in 2004, the UAE has distinguished itself as the Middle East’s leading financial hub, offering a premier platform for financial institutions to thrive. UAE’s Economic Agenda D33 aims to make Dubai […]

NEWS DESK

Spectro Cloud Closes $75m Series C Led by Growth Equity at Goldman Sachs Alternatives

News Desk 1 20/11/2024 0

Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, today announced it has completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.

NEWS DESK

Orient Insurance Reports Strong Q3 2024 Performance with Significant Year-over-Year Growth

News Desk 1 17/11/2024 0

Orient Insurance, the leading insurance provider in the UAE and a subsidiary of Al-Futtaim, today announced strong financial results for the third quarter of 2024, reflecting robust growth across key financial metrics. The company reported an 18.8% increase in insurance revenue, reaching AED 5.5 billion, compared to AED 4.7 billion in Q3 2023. Additionally, net […]

NEWS DESK

Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

News Desk 1 13/11/2024 0

Paymentology, the leading global issuer processor, has signed a referral partnership with Zand Bank, the UAE’s first fully licensed, all-digital bank. This collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE.  Since 2022, Zand Bank has empowered UAE and global corporate,

NEWS DESK

Erth Real Estate Puts a Spotlight on its Vision for Sustainable Growth on Day 1 of Cityscape Global 2024

News Desk 1 12/11/2024 0

As part of its participation in Cityscape Global 2024 in Riyadh, Erth Real Estate is showcasing its ambitious projects and future vision to develop sustainable communities in line with the the Saudi 20230 Vision ambitions. Held at the Riyadh Exhibition and Convention Center, Malham, Cityscape 2024 brings together major real estate companies and developers to […]

NEWS DESK

Dubai Real Estate Growth Drives Demand for High-Speed, Quality Construction Solutions

News Desk 1 11/11/2024 0

Dubai’s real estate market continues to experience robust growth, with 20,000 new housing units expected to be delivered in the second half of 2024. In the first half of the year, real estate transactions reached AED346 billion ($94.2 billion), marking a 23% increase compared to the previous year. This activity attracted 50,000 new investors, underscoring […]

NEWS DESK

UAE Real Estate Poised for Potential Growth as Trump’s Return Influences Global Investment Trends

News Desk 1 11/11/2024 0

The recent US election outcome, which saw Donald Trump elected as the 47th President, has already begun stirring up global markets, creating new opportunities and challenges across international real estate landscapes. For the UAE, particularly Dubai and Abu Dhabi, the influence of Trump’s administration could introduce dynamic shifts and potential growth within the real

NEWS DESK

Ministry of Economy announces 34% growth in the number of intellectual property registrations in the country

News Desk 1 11/11/2024 0

 The Ministry of Economy announced the results of the UAE’s intellectual property (IP) sector performance during the first nine months of 2024. The registration of intellectual property, trademarks, patents, and utility certificates experienced remarkable growth, confirming the success of the national efforts to establish an environment that stimulates innovation;

NEWS DESK

Cargostore and HALEYS Forge Partnership to Drive Qatar’s Offshore Growth

News Desk 1 10/11/2024 0

In a move that signals the growing importance of Qatar’s energy sector, two industry giants, Cargostore Worldwide and HALEYS Group Middle East, have announced a strategic partnership poised to reshape the offshore logistics landscape. The collaboration is set to provide vital infrastructure through the supply of certified DNV 2.7-1 Cargo Carrying Units (CCUs), including

NEWS DESK

Ghitha Holding reports 11% Revenue Growth

News Desk 1 09/11/2024 0

Ghitha Holding PJSC (ADX: Ghitha), Abu Dhabi-headquartered conglomerate spanning Dairy, Poultry, Vegetable Oil, Seafood, Agriculture, Retail and Distribution, and a subsidiary of International Holding Company (ADX: IHC), has announced a solid AED 3.67 billion in revenue for the first nine months of 2024, showcasing an impressive 11% year-on-year (YoY) growth. Gross Profit

NEWS DESK

Dubai’s Office Market Sees Unprecedented Uptake and Rental Surge

News Desk 1 07/11/2024 0

Dubai’s commercial office market is reaching new heights, with unprecedented demand driving occupancy rates and rental growth across prime business districts, as detailed in Savills Q3 2024 Dubai Office Market report. Driven by a substantial rise in new business registrations and expansion activities by existing firms, including those in finance and technology sectors, the

NEWS DESK

New all-time high in October highlights massive monthly sales growth

News Desk 1 07/11/2024 0

Dubai’s buoyant real estate market is on course to surpass annual sales of more than AED500 billion for the first time following another record-breaking month. Total sales in 2024 up to the end of October amount to AED435.6 billion from 150,651 transactions, eclipsing the previous high of AED409.8 billion from 132,628 property sales set last […]

NEWS DESK

Ajman Tourism Development Department highlights Emirate’s tourism growth at World Travel Market

News Desk 1 04/11/2024 0

The Ajman Tourism Development Department (ATDD) will promote Ajman as a premier tourist destination on both regional and global scale during its participation at the World Travel Market (WTM) London, which is scheduled to be held from November 5 to 7, 2024. During the event, the Department will exhibit its innovative and comprehensive projects and […]

NEWS DESK

Ajman Tourism Development Department highlights Emirate’s tourism growth

News Desk 1 03/11/2024 0

The Ajman Tourism Development Department (ATDD) will promote Ajman as a premier tourist destination on both regional and global scale during its participation at the World Travel Market (WTM) London, which is scheduled to be held from November 5 to 7, 2024. During the event, the Department will exhibit its innovative and comprehensive projects and […]

NEWS DESK

Hyatt and Grupo Piñero Announce Plans to Form Strategic Venture for Growth of Bahia Principe Hotels & Resorts Brand

News Desk 1 03/11/2024 0

Hyatt Hotels Corporation (NYSE: H) today announced plans for affiliates of Hyatt and Grupo Piñeroto enter into a long-term asset-light strategic joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe-branded hotels and resorts and own the Bahia Principe brand. The 50/50 joint venture is expected to expand Hyatt’s all-inclusive