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Growth

NEWS DESK

CHALHOUB GROUP SIGNS MOU WITH KING ABDULAZIZ UNIVERSITY

Chalhoub Group signed a Memorandum of Understanding (MoU) with King Abdulaziz University in Saudi Arabia to bridge the gap between academia and the industry – creating a pool of talented graduates who can actively contribute to the sector’s growth and expansion. The MoU was signed at King Abdulaziz University in Jeddah with the presence of Mohammad […]
Business

Al Ansari Financial Services records more than 30% growth

Dubai, UAE – 4 April 2023: Al Ansari Financial Services, one of the leading integrated financial services groups in the UAE, is pleased to announce that during the first quarter of 2023, Al Ansari Exchange’s digital channels recorded more than 30% growth in digital remittance transactions compared to the same period last year.  In March […]
NEWS DESK

GCC Healthcare Industry poised for steady growth

Dubai – March 20th 2023: Alpen Capital’s latest healthcare industry report for the GCC projects the current healthcare expenditure (CHE) in the region to reach US$ 135.5 billion in 2027, implying an annualized growth rate of 5.4% from US$ 104.1 billion in 2022. During the forecast period, CHE in the GCC countries is anticipated to […]
Business

GMG announces bold growth plan

GMG, a global well-being company operating leading brands across sport, everyday goods, health and beauty, properties, and logistics sectors, today renewed its commitment to the Egyptian market and opened its headquarters in District 5, Cairo. To support its continued growth in the country, GMG is also looking to increase its current Egyptian workforce 10 times […]
Business

Ducab Group reports more than 19 percent year-on-year growth

Dubai, UAE – 8 Mar, 2023 – Ducab Group, one of the UAE’s largest end-to-end energy solutions providers and industrial manufacturing businesses, has registered notable gains across its business units in 2022, with a combined annual year-on-year revenue increase of 19 percent. The metal business alone posted more than 23 percent in Y-o-Y growth, followed […]
Business

DIFC Grants Captive Licence to Ma’aden

Dubai, UAE; 07 March 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has granted a captive licence to Ma’aden, the largest multi-commodity mining and metals company in the Middle East, and one of the top five largest mining companies in the world […]
Business

CPX Affiliate to drive business growth in Middle East

UAE, February 28, 2023 CPX Affiliate, a one-of-its-kind affiliate marketing network platform to ever launch in the GCC and a subsidiary of ITCAN, is poised to fuel the growth of businesses across the Middle East through its host of services that streamline operations and boost profitability. The business has established a set of new objectives […]
NEWS DESK GCC UAE

Dubai-based tax expert expects exponential growth

Dubai, UAE, 21 February 2023:  The demand for tax compliance and bookkeeping services in the UAE is poised to soar with the upcoming rollout of the corporate tax law in the country this year, an industry expert said recently.    Dubai-based consultancy firm Al Dhaheri Jones and Clark (ADJC), a registered tax agent in the UAE […]
Business

RISING OIL AND GAS PRICES FUEL ECONOMIC GROWTH

2022 was undoubtedly a year of slumps in stock markets, and projections for 2023 remain cautious as inflation and geopolitical tension continue to affect global economy. One market, however, seems to be benefiting from the turmoil, defying the general downward trend with steady price hikes: the oil and gas market. For oil-producing countries in the […]
Business

SHUAA ICC funds outperform global benchmarks in 2022

United Arab Emirates, 6 February 2023: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has affirmed its position as one of the leading regional asset managers, outperforming global industry benchmarks and strong growth in Assets Under Management (“AUM”) across its Incorporated Cell Company (ICC) fund range,
NEWS DESK

National Marine Dredging Group achieves 30% growth

Demonstrating the success of its geographic expansion strategy and ability to enter new business verticals, National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, announced achieving a growth in its net profit by 30% during 2022 to reach AED 1.3 billion, compared to net profit […]
Real Estate GCC UAE

UAE’s real estate sector to remain resilient in 2023

Dubai, United Arab Emirates; January 27, 2023 – Despite macroeconomic volatilities impacting the global real estate landscape, the UAE witnessed strong momentum in the last quarter of 2022, signaling a steady growth pipeline in 2023. In the same context, JLL’s UAE 2022 Year in Review report offers a rear-view mirror perspective of 2022 while underlining the […]
NEWS DESK

IFS performance outpaces competitors with 5th consecutive year

London, January 25, 2023 – IFS, the global cloud enterprise applications company, today announced its financial results for the full year ending December 31, 2022. The company posted exceptional results with software revenue growth at 28 percent year-on-year and cloud revenue growth up 80 percent as existing customers and new customers switch to IFS Cloud. The […]
Business

GMG to ramp up growth in Southeast Asia

UAE, January 25, 2023: GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading international and homegrown brands across sport, food, and health sectors, today unveiled its aggressive growth plans in Southeast Asia. GMG, UAE’s homegrown conglomerate with a rich 45-years legacy, aims to open 100 new stores by 2025 to support […]
Expo GCC UAE

StoneX Group Inc. joins the iFX EXPO Dubai 2023

Steady Growth Steps in the Middle East From January 16th to 18th, 2023, A Fortune 100 company with a nearly 100-year track record, StoneX Group Inc – that serves more than 50,000 commercial, institutional and payments clients, and more than 370,000 retail accounts, from nearly 80 offices across six continents- will be participating in iFX […]