Growth

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

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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

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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

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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

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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 […]

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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 […]

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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 […]

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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

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Alef Education Maintains Impressive Growth Momentum in Q3

News Desk 1 01/11/2024 0

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 30 September 2024. It marks Alef Education’s second set of results since its successful IPO in June 2024. Alef Education reported an 8% increase in adjusted profit before tax to […]

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Encubay Global Immersion Week 2024 Fuels Global Growth for Women Entrepreneurs

News Desk 1 01/11/2024 0

Encubay, a global startup and angel network dedicated to driving opportunities for women in entrepreneurship and investing, proudly concluded its Global Immersion Week 2024, (EGIW24’). The monumental event featured notable figures such as Archana Jahagirdar, recognized as one of the Top 20 Women in Venture Capital and the Founder of the consumer and tech-focused fund, […]

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IFS Q3 2024 Financial Results: Record Growth Accelerated by Increasing Demand

News Desk 1 30/10/2024 0

IFS, the leading provider of enterprise cloud and Industrial AI software for the hardcore businesses that make, service, and power our planet, announces record growth for the third quarter, ending September 30, 2024. Global organic growth supported by a strong partner community underpins IFS’s strategy and robust financial performance. IFS Q3 Headline Results: Strategic

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National CSR Fund – MAJRA underscores importance of adopting social responsibility and sustainability disclosures

News Desk 1 29/10/2024 0

The National CSR Fund – MAJRA conducted several visits to the UAE’s economic development departments in an effort to reinforce its strategies aimed to strengthen its partnerships with government sector organisations. Furthermore, the visits aimed at guiding private sector companies to support the United Nations Sustainable Development Goals and the UAE’s national

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Emirates Stallions Group achieves 125% YoY Growth in Revenue in Q3 2024

News Desk 1 29/10/2024 0

Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), today announced a leap in operational profit to AED 151.78 million in the first nine months of 2024, achieving a growth of 69% compared to the same period […]

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RAKBANK Selects Oracle Fusion Cloud Applications Suite to Accelerate Business Growth

News Desk 1 18/10/2024 0

Oracle today announced that UAE-based RAKBANK (National Bank of Ras Al Khaimah) has selected Oracle Fusion Cloud Applications Suite to make its business processes seamless, efficient and fit to support the bank’s rapid growth plans. With an integrated suite of cloud applications to manage finance, HR,

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Policy Address by Hong Kong SAR’s Chief Executive John Lee: New Initiatives to Propel Economic Growth

News Desk 1 18/10/2024 0

17 October 2024 – John Lee, Chief Executive of the Hong Kong Special Administrative Region unveiled a range of measures in his 2024 Policy Address (October 16) to inject greater vitality into the economy, focusing on both established and emerging industries. In terms of existing businesses, Mr Lee said the Government would explore new growth […]

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Azizi Developments sells 75% of Azizi Jewel within just weeks of its launch

News Desk 1 17/10/2024 0

Azizi Developments, a leading private developer in the UAE, has announced that Azizi Jewel, its modern, urban lifestyle development nestled in the highly acclaimed growth corridor, Al Furjan, is now over 75% sold. Among the 31 nationalities that have purchased units so far, buyers from the United Arab Emirates represent the largest demographic at a […]

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Dubai-Based Stryde Unlocks Investment Access to High Growth Ventures

News Desk 1 15/10/2024 0

Stryde, the first and only regulated private market investment platform in the MENA region, is redefining access to private markets, making regional and global high-growth opportunities in private equity and venture capital available to both retail and institutional investors. Previously restricted, complex and fragmented, private markets are now within reach of a broader

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FoX-i Welcomes 5I Ventures (5IV) as Lead Investor, Paving the Way for Future Growth

News Desk 1 15/10/2024 0

FoX-i LLC, the boutique fintech firm focused on algorithmic trading strategies in the Forex market, is pleased to announce the successful closing of the acquisition of a major stake by Singapore-based 5I Ventures Pte. Ltd. Following the transaction, 5IV will be the new lead investor dedicated to supporting the next phase of FoX-i’s growth. This […]

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Hype Luxury Registers 100% Growth In Global Partnerships

News Desk 1 11/10/2024 0

The world’s largest Luxury Mobility Aggregator on Land, Air and Sea, Hype Luxury (https://hype.luxury) has reported an impressive surge in the onboarding of fleet partners globally, with the growth rate exceeding 100%. A recent review revealed that India experienced an 80% rise in fleet partnerships, while the UAE and UK recorded a 160% increase. The […]

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Al Khoory Hotels launches exclusive loyalty programme

News Desk 2 10/10/2024 0

Al Khoory Hotels, part of the Al Khoory Group’s hospitality division, has announced the official launch of its new loyalty programme, Hayakum Al Khoory Rewards as the company continues to witness increased guest numbers and year-on-year RevPAR (revenue per available room) growth. The Arabic name Hayakum, meaning welcome, is inspired by Al Khoory Hotel’s emirate […]