Growth

NEWS DESK

Dubai Department of Economy and Tourism Teams Up with Sport Impact Summit

News Desk 2 09/10/2024 0

The Dubai Department of Economy and Tourism (DET) has joined the impressive roster of partners for the Sport Impact Summit (SIS). Scheduled to take place at Atlantis, The Palm in Dubai on December 4th and 5th, 2024, the summit is a groundbreaking global initiative aimed at harnessing the

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Growth in outsourcing gathers pace as UAE hospitality sector continues to wrestle with staffing issues

News Desk 2 09/10/2024 0

Leading UAE-based smart and green facilities management (FM) company Farnek has witnessed major growth for its hospitality division, with outsourcing a driving factor. This year alone Farnek has won dozens of contracts worth in excess of AED 72 million, mobilising over 450 staff, with international hotel brands such as EMAAR, Millennium, Sheraton, Movenpick, Sofitel,

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Reflecting on a Decade of Growth and Achievement, Cranleigh Abu Dhabi Celebrates 10 Years of Pioneering Education

News Desk 1 08/10/2024

Cranleigh Abu Dhabi is proud to announce its 10th anniversary, celebrating a decade of distinguished academic achievements in the United Arab Emirates. Drawing on the legacy of its renowned parent school, Cranleigh in the United Kingdom, which boasts over 150 years of heritage, Cranleigh Abu Dhabi has established itself as a leading institution in Abu […]

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Ministry of Economy launches National Economic Registry ‘Growth’ to support the UAE’s efforts in providing proactive government services

News Desk 1 02/10/2024

The Ministry of Economy announced the launch of the National Economic Registry (NER) – Growth – the largest unified and reliable database of enterprises and companies’ business licenses across the seven emirates. This registry combines the procedures and requirements for establishing businesses and conducting economic activities in the country into a single

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UAE India Business Council – UAE Chapter Partners with Expand North Star to Foster Innovation and Growth

News Desk 1 01/10/2024

The UAE India Business Council – UAE Chapter (UIBC-UC) has announced a strategic partnership with Expand North Star, the world’s largest startup and investor conference dedicated to fostering innovation and a significant initiative of GITEX, independently rated as the best tech show in the world. As a community partner for this exciting initiative, the UIBC-UC […]

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LOGIC Consulting joins forces with EEA to boost business growth and empower Egyptian entrepreneurs

News Desk 1 01/10/2024

LOGIC Consulting, a leading regional management consulting firm, has collaborated with the fourth edition of Egypt Entrepreneur Awards (EEA) as its Ecosystem Partner. The partnership highlights the shared vision of both parties to foster entrepreneurship and develop a conducive ecosystem for business development and Egypt’s economic growth.  Since its inception in

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ServiceNow releases new HR innovations, empowering leaders to fuel employee and business growth

News Desk 1 30/09/2024

ServiceNow (NYSE: NOW), the AI platform for business transformation, has announced new HR innovations that empower leaders to fuel employee and business growth. HR and GenAI innovations enhance employee communications, improve employee engagement, and make it easier than ever for employees to get support across departments from a single point of entry. Additionally,

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HyperLight Accelerates Growth With $37M Funding Led by Summit Partners

News Desk 1 25/09/2024

HyperLight Corporation, a leading provider of thin film lithium niobate (TFLN) photonic integrated circuits (PICs), today announced a US$37 million Series B investment led by Summit Partners. The round includes participation from existing investors Xora Innovation,a deep tech venture fund backed by Temasek, and Foothill Ventures. Peter Chung, Managing Director and CEO of

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Saudi Arabia Leads G20 Countries in Tourism Growth, According to Latest UN Tourism Barometer

News Desk 1 23/09/2024

Saudi Arabia has emerged as the fastest-growing G20 country in the latest UN World Tourism Barometer report, marking a significant milestone in the Kingdom’s rapid ascent as a global tourism destination. The Barometer highlights a 73% increase in international tourist arrivals to Saudi Arabia in the first seven months of 2024, compared to the same […]

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MEA paper & pulp industry poised to cross over USD 20 billion on the back of big packaging push

News Desk 1 17/09/2024

The Middle East and Africa (MEA) paper and pulp industry is on a growth surge, poised to cross over USD 20 billion in the next six to seven years, with GCC countries led by Saudi Arabia and the UAE at the forefront of a demand upswing for paper packaging products fuelling the rise, industry experts […]

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MicroVention Rebrands to Terumo Neuro – Reflects Expanded Focus and Strategic Growth

News Desk 1 13/09/2024

MicroVention, Inc., a global leader in neurovascular innovation and a wholly owned subsidiary of Terumo Corporation, today announced its official rebranding to Terumo Neuro, effective immediately. This name change signifies a new chapter in the company’s evolution while maintaining its unwavering commitment to the creation and commercialization of groundbreaking

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Playbook Partners launches $250 million growth capital fund

News Desk 1 11/09/2024

India based growth capital firm Playbook Partners announced first close having raised over $130 million through established global investors from Middle East, Europe, US, and India. In response to strong institutional investor interest, the fund is using the green shoe option and can grow to $250 million. Playbook will partner with growth-stage, tech-enabled businesses in

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Gosu Academy announces UAE expansion to boost nation’s Esports growth

News Desk 1 10/09/2024

Gosu Academy, the global leader in esports coaching and education, announced its expansion into the UAE today. The company’s entry into the region comes at an opportune time, as the gaming industry is poised to contribute over $1 billion to Dubai’s GDP by 2033, with an estimated 30,000 jobs to be created. The announcement further […]

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RAKBANK completes its inaugural Tier 2 Issuance of USD 250 Million

News Desk 1 04/09/2024

RAKBANK has successfully completed its first Tier 2 security issuance, raising USD 250 million, the securities were issued with a maturity of 10.25 years and a non-call period of 5.25 years (10.25NC5.25), carrying a coupon rate of 5.875%. The issuance was met with a very strong investor demand, being oversubscribed by 4 times with peak […]

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Sandbox VR Leans Into Franchise

News Desk 1 03/09/2024

Sandbox VR, the world’s premier destination for premium location-based virtual reality experiences, is announcing significant growth milestones of its franchise program. The company saw 60% growth in franchise deals in Q2 with plans to open 280 new franchise locations in the next four years. This announcement comes on the heels of opening their 50th store […]

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Family Development Foundation celebrates Emirati Women’s Day

News Desk 1 30/08/2024

The Family Development Foundation (FDF) organised an event under the theme ‘We Share for Tomorrow’ to commemorate Emirati Women’s Day, recognising and appreciating the invaluable contributions of Emirati women towards community development and advancing the UAE’s growth. The event, which was held at the Abu Dhabi Centre of the Family Development Foundation, witnessed the

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Saxo Bank reports 35% growth: Strong performance highlights H1 2024 results

News Desk 1 29/08/2024

During 2024, the Saxo Bank Group rolled out a new competitive pricing structure that lowers costs for clients as well as improvements to the client experience, leading to a record number of clients and client assets, with over 1.2 million end clients and USD 122 billion in client assets as of 30 June 2024. Volatility […]

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Oil Falls 2% on Growth Concerns; Gold and US Stocks Weaken Amid Market Uncertainty – APM Capital Market Report

News Desk 1 28/08/2024

Commodities Oil prices saw a sharp reversal yesterday and fell about 2% on worries that slower economic growth in the US and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.88, or 2.3%, to settle at $79.55 a barrel, while US West Texas […]

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UAE’s latest home-grown brand Flava Coffee Co.

News Desk 1 26/08/2024

Flava Coffee, a Dubai-based producer of specialty roasted coffee, unique for its signature blends and coffee brewing equipment, has forayed into the UAE at a time when the food and beverage (F&B) market is experiencing robust growth. The combined coffee sales revenue in the GCC is expected to reach US$6.84 billion in 2024. Revenue generated […]

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MultiBank Group Achieves Record-Breaking Revenue and Exceptional Profit Growth in 2023

News Desk 1 22/08/2024

MultiBank Group, one of the world’s largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023. Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase, growing from $279,523,140 in 2022. This milestone