Growth

NEWS DESK

Presight continues to deliver strong topline growth and profitability in Q1 24

News Desk 08/05/2024

Presight AI Holding PLC (“Presight” or the “Company”), (ADX: PRESIGHT) today announces its first quarter results for the three months ending March 31, 2024, with strong growth in year-on-year revenue and profitability underpinned by an increasing proportion of multi-year contracts. Presight’s

NEWS DESK

Hyatt Announces more Than 50% of Growth will lean into Leisure in EAME

News Desk 07/05/2024

Hyatt today announces plans for scaled growth in the leisure space in Europe, Africa and the Middle East (EAME) underscored by a record year of deal signings in 2023. Hyatt’s global record pipeline of more than 127,000 rooms as of year-end 2023 is supported by a regional pipeline of more than 70 properties spanning Hyatt’s […]

NEWS DESK

Empowering Emirati Youth: One Year of Growth with Al Masaood Power Division’s Mechatronics Apprenticeship Program

News Desk 07/05/2024

Al Masaood Power Division, part of a renowned Abu Dhabi business conglomerate, Al Masaood Group, recently announced the successful completion of the first year of its Mechatronics Apprenticeship Program inaugural batch. This initiative is part of Al Masaood’s commitment to nurturing the future generation of Emirati engineers, ensuring gender equality, and

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JUMEIRAH ENTERS NEXT PHASE OF GROWTH WITH UNVEILING OF NEW BRAND IDENTITY

News Desk 07/05/2024

Today,Jumeirah unveils its new brand identity marking a key milestone in its growth strategy to double the size of the portfolio by 2030. The new visual identity is the first stage in a journey of brand evolution designed to inspire a new perspective of luxury for discerning travellers. Building on its origins and reputation for […]

NEWS DESK

NetApp Appoints Market Growth and Revenue Operations Leader, Dallas Olson to Chief Commercial Officer Role

News Desk 07/05/2024

NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Dallas Olson as the company’s new Chief Commercial Officer, reporting to NetApp’s President, César Cernuda. Olson brings over 25 years of experience building high-performance teams responsible for planning, operations, enablement, engagement, and go-to-market strategies. As NetApp’s CCO,

NEWS DESK

IHC Records Exceptional 87.6% Growth

News Desk 07/05/2024

International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, announces a 87.6% growth for the first quarter of 2024 with AED 8.0 billion in Net Profit (vs. AED 4.3 billion in Q1 2023), showcasing significant growth and a steadfast commitment to enhancing shareholder value. This growth was propelled by strong performances across IHC’s core

NEWS DESK

Ajman Tourism Unveils Tourism Growth at Arabian Travel Market 2024

News Desk 04/05/2024

The Ajman Department of Tourism Development (ADTD) is gearing up for a momentous presence at the Arabian Travel Market 2024 (ATM), scheduled from May 6 to May 9, 2024. This premier event serves as a significant platform for ADTD to unveil the rich Ajman’s cultural heritage, vibrant Events Calendar, Things to Do diverse tourism offerings, and the

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Economy Middle East Summit 2024 Highlights Economic Growth Prospects in the MENA Region

News Desk 01/05/2024

The Economy Middle East Summit 2024 was held today at the Abu Dhabi Global Market (ADGM), in the presence of high-profile leaders who shared valuable insights under the theme “Accelerating Future Growth.”  The event brought together top-tier attendees including UAE Minister of Economy H.E. Abdulla Bin Touq Al-Marri. Salem Al Darei, CEO of ADGM Authority, […]

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Ghitha Sustains Positive Momentum Throughout Q1 2024 and Delivers Robust Topline Growth

News Desk 01/05/2024

Ghitha Holding PJSC (ADX: Ghitha), the Abu Dhabi headquartered conglomerate that consolidates Food, Agriculture, Fish, Dairy, Poultry, Vegetable Oil, Retail and Distribution, and is a subsidiary of International Holding Company (ADX: IHC), has released its financial results for Q1 2024. The Group has surged to a remarkable total revenue of AED 1.3 billion, demonstrating an

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ZentrumHub’s Technology Boosts Akbar Travels’ Growth, Tripling Revenue

News Desk 30/04/2024

ZentrumHub, a leader in travel technology solutions, has been instrumental in tripling the revenue of its long-standing partner, Akbar Travels. This remarkable growth underscores the effectiveness of ZentrumHub’s innovative platform, Zentrum Connect, in enhancing Akbar Travels’ operational capabilities and market reach. Akbar Travels, a well-established name in the travel

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Global Real-Time Payments Growth “Sustainable” As New Use Cases Push Transactions to Record Highs

News Desk 30/04/2024

Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2%—according to the 2024 Prime Time for Real-Time report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership

NEWS DESK

Integrate Middle East 2024 to optimise Digital Signage Systems

News Desk 30/04/2024

Integrate Middle East 2024, the only professional audio-visual (Pro AV) and media technology exhibition, to optimise the digital signage systems which are the major factors driving the Pro-AV market’s growth in the Middle East and North Africa (MENA) region. This second edition of the exhibition, which will be held from May 21 to 23, 2024, […]

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Geopolitical stability, inclusive growth, energy security under spotlight in Riyadh

News Desk 30/04/2024

Riyadh convened global leaders today at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development to host candid dialogues and outline bold steps to tackle the most pressing geopolitical, social and economic challenges facing humanity. Speaking at the Special Meeting, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al

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ECI Highlights Growth and Sustainability in Global Trade Finance

News Desk 29/04/2024

Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, participated in the Berne Union Spring Meeting held in Oslo, Norway, from 23rd to 25th April, which explored the ECAs’ role in a rapidly changing global trade landscape and in fostering international trade. At the meeting, ECI highlighted the crucial role of strategic partnerships in […]

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Emirates Development Bank Forum Highlights Role of Strategic Partnerships

News Desk 29/04/2024

In partnership with MoIAT’s “Make it in the Emirates” initiative, Emirates Development Bank (“EDB” or “the Bank”), today hosted the highly anticipated Sharjah edition of EDB Connect at the Sharjah Research, Technology, and Innovation Park, convening key industry leaders, government officials, and business innovators to discuss, debate, and

NEWS DESK

Abu Dhabi Property Market Demonstrates Resilient Growth, Continues to Attract Global Investors

News Desk 29/04/2024

Bayut, the premier property portal in the UAE, has conducted a comprehensive analysis of market dynamics and pricing trends within Abu Dhabi’s sales and rental sectors for the first quarter of 2024. Several notable areas have witnessed a surge in sales prices, particularly in upscale neighbourhoods offering top-tier amenities and facilities, reflecting high demand in

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DIFC delivers record 23 per cent YoY growth in underwriting volumes

News Desk 28/04/2024

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP) recorded in its 20-year history at close to USD 2.6bn, up 23 per cent from USD […]

NEWS DESK

EasyLease Achieves Remarkable Financial Growth in Q1 2024

News Desk 27/04/2024

EasyLease (ADX: EASY LEASE), the esteemed mobility solution company and a subsidiary of Abu Dhabi-based International Holdings Company (ADX: IHC), today announced its financial results for the first quarter ended March 31, 2024. The company reported a remarkable revenue of AED 97.36 million, reflecting a 38.6% growth compared to Q1 2023, and a robust operational […]

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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 his mark in the first few […]

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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 […]