Growth

NEWS DESK

Azaan Khan to accelerate DUGASTA Properties’ phenomenal growth

News Desk 25/04/2024

Azaan Khan, the Chief Executive Officer of Dugasta Properties, has made a mark with unprecedented success backed by innovative solutions that helped the company sell out projects one after the other in quick succession. Still in his 20s, he is the new leader of Dugasta Properties and has made

NEWS DESK

ASCOTT’S GLOBAL LOYALTY PLATFORM ‘ASCOTT STAR REWARDS’

News Desk 24/04/2024

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today marked the 5th year of its global loyalty platform, Ascott Star Rewards (ASR), with record results from FY 2023. Having grown exponentially since its launch in April 2019, Ascott achieved its highest ever room revenue from ASR members last year […]

NEWS DESK

ASCOTT’S GLOBAL LOYALTY PLATFORM ‘ASCOTT STAR REWARDS’

News Desk 22/04/2024

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today marked the 5th year of its global loyalty platform, Ascott Star Rewards (ASR), with record results from FY 2023. Having grown exponentially since its launch in April 2019, Ascott achieved its highest ever room revenue from ASR members last year […]

NEWS DESK

Bitcoin halving ‘can help mining companies flourish’

News Desk 21/04/2024

GDA, one of the world’s leading bitcoin mining companies in terms of hash rate, believes the latest bitcoin halving event can allow the industry’s leading players to flourish, as the GCC region emerges as a new area for growth. Abdumalik Mirakhmedov, Founder and Executive President of GDA, will be a keynote speaker at the World […]

NEWS DESK

Moglix accelerates supply chain growth in Middle East

News Desk 18/04/2024

Moglix, a global leader in the B2B eCommerce and procurement sector, is spearheading digital transformation in the Middle East and GCC region by accelerating procurement and supply chain efficiency through its tech-first approach. Moglix’s offerings drive efficiency in procurement management, as well as enabling cost reduction and seamless supply chain operations for the

NEWS DESK

Plocamium Holdings Launches New Service Targeting Middle Market Companies

PR News Desk 10/04/2024

Plocamium Holdings (“PH”), a newly launched private equity services firm, announced today it has begun working with middle market companies and sponsors to improve growth and drive greater returns and performance for those companies and investors. PH offers a unique suite of expertise that can evaluate a company’s strengths and weaknesses from the C-Suite to

NEWS DESK

Launch of two first-in-class medicines in 2023 marks start of exciting phase of growth for Ferring

PR News Desk 09/04/2024

Ferring today published its 2023 Annual Report showing the company’s annual revenues were €2.2 billion, a decrease of -4% on the previous year at actual exchange rates (AER), but an increase of +1% at constant exchange rates (CER). EBITDA increased by +€43 million (+12% at AER) to reach €406 million and operating profit for the year reached […]

NEWS DESK

DXB LIVE Achieves Phenomenal Growth, Expands Business in 2023

PR News Desk 03/04/2024

DXB LIVE, the experiential agency of Dubai World Trade Centre (DWTC), recorded significant growth in 2023, doubling its business against the previous year with 100% growth over a 12-month period. Throughout the year, the agency provided its services to 500 prominent events, spanning exhibitions, conferences, festivals, public and entertainment events, graduation

NEWS DESK

Arabian Travel Market’s sold-out Travel Tech area sees 56% year-on-year growth

PR News Desk 26/03/2024

More than 100 of the world’s leading travel technology companies will be exhibiting at Arabian Travel Market (ATM) 2024, which will take place at Dubai World Trade Centre (DWTC) in the UAE from Monday 6 to Thursday 9 May. ATM 2024’s sold-out Travel Tech space will be 56% bigger than last year with 33% more […]

NEWS DESK

Real estate agency Whitewill reports robust growth and strategic expansion

PR News Desk 25/03/2024

Whitewill, the international luxury real estate agency for developers and partners that operates across the UK, USA, and UAE markets, is strategically expanding its reach within the UAE and GCC countries. Since its establishment in the UAE in June 2021, the agency has demonstrated unparalleled expertise and dedication, rapidly emerging as a beacon of quality […]

NEWS DESK

ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend 

PR News Desk 14/03/2024

ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) confirms shareholder approval of all agenda items at its Annual General Assembly Meeting, including distribution of its highly attractive final cash dividend for the year ending December 31, 2023. Commenting on the announcement, Abdulrahman Abdulla Al Seiari,

NEWS DESK

Poddster Opens First International Studio in Singapore

PR News Desk 07/03/2024

Poddster – a pioneering network of video podcast production studios and Dubai’s first podcasting community – has begun expanding globally with the launch of its first location in Singapore. The new Poddster location in Singapore’s Bukit Merah area is the company’s first to open outside of Dubai. Four large professional studios and an expansive community […]

NEWS DESK

DAR GLOBAL SOARS WITH A 23% RETURN ON EQUITY, EMBARKING ON A JOURNEY

PR News Desk 01/03/2024

Dar Global, the luxury international real estate developer, today announced its audited full-year financial results for the year ending 31 December 2023, having generated record revenues of USD 360.6 million and posting a significant increase in gross profit to USD 146.4 million at a healthy margin of 41%. Dar Global’s revenue grew 351% year-on-year compared […]

GCC NEWS DESK UAE

UAE real estate sector set for resilient expansion across major asset classes in 2024: JLL

PR News Desk 28/02/2024

Building on the strong growth momentum and high levels of buyer demand experienced in 2023, the UAE’s real estate sector is expected to continue its upward trajectory in 2024 despite a softening global outlook, highlighted a panel of experts at JLL’s Navigating the Growth Spectrum: Exploring Strategies for Sustained Success event in Dubai. Robust economic […]

GCC NEWS DESK UAE

Third Investopia annual conference to take place in Abu Dhabi

PR News Desk 27/02/2024

 The third annual conference of Investopia, the global investment platform launched by UAE government in September 2021, will take place on 28 and 29 February, in Abu Dhabi, under the theme Emerging Economic Frontiers: Investing in the “New Economy” Growth Sectors. The latest edition of the conference will once again bring together a wide array […]

NEWS DESK

Emirates Development Bank’s contribution to Industrial GDP grows 80% in 2023

PR News Desk 26/02/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled its 2023 results, showcasing an extraordinary year of achievements and strategic milestones. The Bank revealed a significant 80% surge in its contribution to the UAE’s industrial GDP, which has grown from AED 2.4 […]

NEWS DESK

RAM delivers 80% year-on-year growth in 2023, powered by “Work Hard, Play Hard” Strategy

PR News Desk 21/02/2024

RAM continues on its strong growth trajectory in the Middle East with an outstanding performance in 2023 seeing sales rise 80% versus the previous year.  Powered by the truck’s ‘work hard, play hard’ strategy launched in 2018, the results enabled significant growth for RAM within its segment – up 11%.  Record net promoter scores also […]

NEWS DESK

Ericsson Mobility Report Business Review 2024: 5G business opportunities for CSPs

PR News Desk 16/02/2024

A new 5G-monetization-focused Ericsson (NASDAQ: ERIC) Mobility Report publication outlines four opportunity areas that communications service providers worldwide are addressing to drive business growth. Called Business Review 2024, the report is the second special business edition of the established Ericsson Mobility Report. It addresses how communication service providers

NEWS DESK

Hisense Retains No.2 Ranking Globally for TV Shipment in 2023

PR News Desk 15/02/2024

Global home appliance corporation Hisense retained its No. 2 global ranking for TV shipment in 2023, hitting a 25.9 million shipment volume for 2023 in global markets according to the ‘2023 Monthly Report of Global TV Shipment Volume of TV Brands’ from leading market research institute AVC Revo. Hisense has been the only brand that […]

NEWS DESK

SALAMA records full-year revenue of AED 1.11 billion

PR News Desk 15/02/2024

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022. Total assets registered an increase at AED 3.70 billion in 2023, in comparison to AED 3.57 billion in […]