Growth

Real Estate

Al Habtoor Tower sets new luxury benchmark to contribute to growth of Dubai’s luxury property market

News Desk 02/08/2023

UAE, August 02, 2023 Al Habtoor Group, a leading conglomerate in the United Arab Emirates, has raised the benchmark for luxury and comfort through a diverse array of world-class amenities and services to be offered at recently launched, state-of-the-art Al Habtoor Tower. The tower is a prime

Business GCC UAE

H.E. Bin Touq: UAE’s GDP records 3.8 per cent growth

News Desk 02/08/2023

H.E. Abdullah bin Touq Al Marri, Minister of Economy, explained that the preliminary estimates of the UAE’s GDP growth at constant prices in the first quarter (Q1) of the year 2023, issued by the Federal Center for Competitiveness and Statistics, confirm the strength of the national economy. Most sectors and economic activities that serve as […]

Business Real Estate

Union Properties reports net profit of AED 5.4 million in the second Quarter of 2023 driven by continued growth in Dubai’s Real Estate Market

News Desk 27/07/2023

Dubai, UAE, July 27, 2023, Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) announced an exceptional net profit of AED 17.7 million for the period ended 30th of June 2023 compared to a net loss of AED 12.2 million during the comparable period from the previous year. In addition, the Group’s Subsidiaries […]

NEWS DESK

Stellantis Posts Strong Growth and Sets New Records in Net Revenues

News Desk 26/07/2023

AMSTERDAM, July 26, 2023 – Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands. Despite the challenging business environment,

Business

Juma Al Majid Est. Marks Exceptional Growth of 37% in H1 2023 Across Hyundai, Genesis in UAE

News Desk 26/07/2023

UAE, 26 July 2023: Juma Al Majid Est., the exclusive distributor of Hyundai and Genesis in the UAE, powers into the spotlight with an unprecedented surge of 37% growth in the first half of 2023. The UAE market has witnessed sustained innovation from Hyundai and Genesis, as their cutting-edge technology and unwavering commitment to customer […]

Hospitality

Radisson Hotel Group reports strong H1 growth across its expanded brand portfolio with 100+ signings and openings

News Desk 13/07/2023

Radisson Hotel Group continued to lead on its growth and expansion plan in the first half of 2023 focused on strategic geographical expansions and a new brand architecture with the addition of the art’otel brand, which offers a unique value proposition to owners and guests that blends art with a lifestyle experience. Since the beginning […]

NEWS DESK

BNI Expo 2023 Concludes Empowering Business Connections and Growth

News Desk 13/07/2023

13 July 2023, Dubai, United Arab Emirates: Business Network International (BNI®) UAE proudly concludes its highly anticipated BNI Expo UAE 2023, held on June 24th, at the prestigious Le Meridian Hotel & Conference Centre. With the agenda ‘Get Ahead of the Curve,’ the event brought together a diverse range of business professionals, entrepreneurs, and

Business

LIC International and Policybazaar.ae join hands to accelerate insurance growth

News Desk 12/07/2023

UAE -July 12, 2023: Leading Life Insurance provider LIC International and Policybazaar.ae, UAE’s leading insurance aggregator and a part of the PB Fintech Group (NSE:POLICYBZR) have announced a strategic partnership aimed at revolutionizing the insurance industry and delivering unparalleled customer experience. The collaboration will leverage Policybazaar.ae’s

NEWS DESK GCC UAE

Demand Intelligence Tools to Ignite Growth in UAE Food Retail Sector, says CENSA CEO

News Desk 06/07/2023

Dubai, UAE – July 06, 2023 – CENSA, a WayCool Foods enterprise, emphasizes the pivotal role of demand intelligence tools in driving growth and success in the UAE’s food retail sector. The United Arab Emirates (UAE) food retail industry is poised for remarkable growth, presenting immense opportunities for retailers. Valued at approximately $100 billion, this

Business

HIMA records exceptional growth of incoming orders in 2022 with 12 per cent being from Middle East

News Desk 05/07/2023

July 5, 2023: The HIMA Group, a safety related automation solutions provider, recorded exceptional growth of incoming orders in 2022, witnessing an 18 per cent increase in incoming orders. The company expects further growth in 2023 through digitalization, internationalization, and expansion of partnerships. Jorg de la Motte, CEO of HIMA Group said: “The HIMA Group

Business

ETOILE GROUP MARKS 40TH ANNIVERSARY AND SETS OUT BUSINESS GROWTH PLANS

News Desk 23/06/2023

Dubai, United Arab Emirates, June 23 2023: Etoile Group, the pioneering luxury fashion retail group, has marked its 40th anniversary year by setting out its plans for strategic business growth as well as launching its new brand identity. An industry innovator which brought the first Chanel boutique to the Arabian Gulf back in 1983, today […]

Business GCC UAE

UAE participates in G20 Tourism Ministers’ Meeting

News Desk 22/06/2023

Abu Dhabi, 22 June 2023:  His Excellency Abdullah bin Touq Al Marri, Minister of Economy and Head of the Emirates Tourism Council, emphasised the UAE’s commitment, under the guidance and vision of its wise leadership, to actively support global endeavors in promoting sustainable tourism. HE further highlighted the UAE’s dedication to contributing to

Business GCC UAE

Connect Group continues its impressive growth in the UAE

News Desk 20/06/2023

United Arab Emirates, June 2023 – Since launching in 2016, Connect Group has become a force in the UAE business solutions market, helping companies thrive in this highly competitive and ever-evolving landscape. Now, Connect Group continues to build on its success with further expansion into key industry sectors and services, offering clients a full suite […]

Business

Global Wealth Conference partnership Drives Economic Growth with new $5 Billion MENA- Focused Megafund

News Desk 19/06/2023

Abu Dhabi, UAE, June 2023 – The Global Wealth Conference (GWC) organized by the Sovereign Wealth Fund Institute (SWFI) last week in London has emerged as a pivotal driver of investment evolution in the MENA region. Taking center stage was the announcement of a new $5 billion ‘MEGAM’ fund, a collaboration between US-based Patel Family […]

Business

Tally Solutions launches TallyPrime 3.0 to help SMEs fast-track their growth

News Desk 14/06/2023

Dubai, United Arab Emirates, 14 June 2023: Tally Solutions, a leading business management software provider, has announced the launch of TallyPrime 3.0. aimed at making compliance simpler and more efficient. This new release includes several powerful capabilities and enhancements which will have a significant impact on the daily operations of small and medium-sized

Tech

Accenture to Invest $3 Billion in AI to Accelerate Clients’ Reinvention

News Desk 14/06/2023

​ABU DHABI; June 14, 2023 – Accenture (NYSE: ACN) today announced a $3 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency and resilience. “There is unprecedented interest in all areas of AI, and the substantial […]

NEWS DESK GCC UAE

BNI EXPO UAE 2.0: Ignite Your Business Growth through Dynamic Connections and Collaboration!

News Desk 13/06/2023

13 June 2023, Dubai, United Arab Emirates: BNI® UAE, the world’s largest business networking and referral organization, is thrilled to announce the second edition of its flagship networking event, the BNI EXPO 2023. The occasion will be graced by the distinguished presence of K. Kalimuthu, Consul (Economic, Trade & Commerce) at the Consulate General of […]

Business

Al Ansari Exchange on Track to Open 15 New Branches

News Desk 12/06/2023

UAE – June 12, 2023 – Al Ansari Financial Services’ PJSC [DFM: ALANSARI] subsidiary, Al Ansari Exchange, the largest outward personal remittance and foreign exchange company in the UAE today announced, after obtaining the necessary approvals, its plan to launch 15 new branches across the UAE before the end of 2023. The physical branch expansion […]

Business GCC UAE

UAE and South Korea discuss strengthening of economic & investment cooperation

News Desk 12/06/2023

Abu Dhabi, 12 June 2023: H.E. Abdullah bin Touq Al Marri, UAE Minister of Economy, held a bilateral meeting with H.E. Lee Young, South Korean Minister of SMEs and Startups, to explore the strengthening of cooperation in promoting entrepreneurship and supporting the growth of small and medium enterprises in the two countries’ markets. The meeting […]

Business

Musafir Business Achieves 97% Growth in the Gulf, Enters Indian Market

News Desk 12/06/2023

Dubai, UAE – June 12, 2023 – Musafir Business, the leading all-in-one corporate travel management platform in the region by musafir.com, has achieved a remarkable 97% increase in Gross Merchandise Volume (GMV). Surpassing pre-pandemic sales, the company is poised for a record-breaking year. Additionally, Musafir Business has successfully launched in India, a rapidly