Growth

NEWS DESK

Genesis UAE Named Fastest Growing Network in Middle East & Africa, achieves record growth

News Desk 1 06/08/2024

Genesis UAE has been honoured with the prestigious Fastest Growing Network Award by Genesis Middle East & Africa, underscoring its expansion strategy and commitment to customer satisfaction and excellence in the automotive industry. The Genesis network is integral to delivering customer

NEWS DESK

CHTF2024 to Drive Exponential Growth for Exhibitors Through Global Buyer Focus

News Desk 1 06/08/2024

The 26th China Hi-tech Fair (CHTF2024) will take place on November 14-16, 2024 in Shenzhen China. This year’s fair promises to be a groundbreaking event, covering approximately 400,000m2 and attracting over 5,000 renowned enterprises and international organizations from more than 100 countries and regions. CHTF2024 will feature multiple exhibition

NEWS DESK

Presight shows strong revenue and profit growth in H1 2024 financial results

News Desk 1 06/08/2024

Presight AI Holding PLC (“Presight” or the “Company”), (ADX: PRESIGHT) today announced first half results for the six months to 30th June 2024, with strong growth in year-on-year revenue and profitability, underpinned by multi-year contracts, positive deployment mix, and the contribution from AIQ. Presight’s H1 2024 revenue grew 17.4% year-on-year, to reach AED 603.5

NEWS DESK

Hamad International Airport Witnesses Impressive 25% Passenger Growth in First Half of 2024

News Desk 2 29/07/2024

Hamad International Airport (DOH) has demonstrated exceptional growth in the first half of 2024, witnessing a significant increase of 25% in passenger traffic. Additionally, its aircraft movement has grown by 19%, total number of bags handled has grown by 19% and cargo operations has increased by 12%, in comparison to the first half of 2023. […]

NEWS DESK

Ghitha Delivers Impressive 18% Revenue Growth

News Desk 2 27/07/2024

Ghitha Holding PJSC (ADX: Ghitha), the Abu Dhabi-headquartered conglomerate spanning Dairy, Poultry, Vegetable Oil, Seafood, Agriculture, Retail, and Distribution, and a subsidiary of International Holding Company (ADX: IHC), has reported a robust AED 2.45 billion in revenue for H1 2024, marking an impressive 18% year-over-year growth. This milestone underscores Ghitha’s

NEWS DESK

Emirates Stallions Group Reports Remarkable 128% YoY Growth in Operational Profit in H1 2024

News Desk 2 26/07/2024

Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), today announced a remarkable operational profit of AED 119 million for the first half of 2024, achieving a growth of 128% compared to the same period in 2023. […]

NEWS DESK

EasyLease Reports Significant 36% Revenue Growth

News Desk 2 25/07/2024

EasyLease (ADX: EASY LEASE), the leading Mobility Solution company and subsidiary of International Holding Company (IHC), has released its financial results for the first half of 2024, reporting AED 189.72 million in revenue, a notable 36.1% YoY increase compared to H1 2023, while operational profit increased by 67.3% YoY to reach AED 24.3 million during […]

NEWS DESK

SweetcHome records 132% monthly growth in user adoption

News Desk 2 25/07/2024

SweetcHome, a personalized property matchmaking platform in the UAE, today announced a 132% monthly growth in users signing up for its platform. The rapid monthly growth was registered in June and July, just a few months after launching the platform. SweetcHome uses AI matchmaking technology to give home seekers a simpler real estate search experience. […]

NEWS DESK

Bybit CEO: Bybit Records Remarkable Growth with 37 Million Users

News Desk 2 23/07/2024

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is celebrating explosive growth alongside 37 million loyal users! In a rousing biannual keynote address, Bybit CEO Ben Zhou unveiled the exchange’s remarkable achievements and ambitious vision for the future, fueled by the unwavering support of its global community. Bybit will be

NEWS DESK

Growth in MEA’s office and education sectors unfolds positive outlook

News Desk 2 17/07/2024

The expansion of the office and education sectors in the Middle East and Africa (MEA) is driving significant growth in the paper products sector, according to findings from 6W research. They estimate that market revenues for paper and paper products will reach US$16.4 billion by 2030, growing at a CAGR of 3.4%. The office sector […]

NEWS DESK

Luxury Lifestyle Company Introduces Executive Estate Management Services in the UAE

News Desk 2 16/07/2024

The continued growth of Dubai’s luxury property sector is contributing to a significant increase in large estates, driving demand for a new kind of estate management and home management service. According to Knight Frank, one hundred and five homes priced over US$10 million were sold in Dubai during the first three months of 2024, up […]

NEWS DESK

Launch of Sodali & Co, New Company Formed from Morrow Sodali Following Rapid International Growth

News Desk 2 15/07/2024

Sodali & Co (the ‘Firm’), formerly Morrow Sodali, a leading global advisory firm, is proud to announce the launch of its new brand, redefining its market presence following the Firm’s rapid international expansion through a series of successful acquisitions. The new identity recognizes the Firm’s 50-year history and unifies the compelling combination of businesses it

NEWS DESK

Solar and Storage: Latest Market Surveys Show Dynamic Growth

News Desk 2 11/07/2024

The deployment of renewable sources of energy is picking up speed around the world. The impressive results of several market surveys recently presented at The smarter E Europe 2024 prove this. Photovoltaics (PV) and storage systems in particular are experiencing dynamic growth, and the trend goes towards the combination of the two technologies. The number […]

NEWS DESK

MENA region’s early adoption of GenAI key to driving   growth, finds new research from Project Management Institute

News Desk 2 11/07/2024

A new report from Project Management Institute (PMI), the world’s leading authority for project professionals, explores how high adopters of GenAI (or “trailblazers”) are leading the charge in embracing GenAI. These trailblazers not only aid in unlocking performance enhancements and advancing GenAI adoption, but also believe in sharing their learnings to propel

NEWS DESK

Automechanika Dubai forms Advisory Board to drive forward the 2024 edition and future growth

News Desk 2 11/07/2024

Automechanika Dubai, the leading event for the automotive aftermarket industry, has officially unveiled the leaders supporting the event’s growth as part of the inaugural Advisory Board. The panel of industry innovators and experts will provide insights and knowledge to guide Automechanika Dubai’s future success and drive forward the automotive aftermarket

NEWS DESK

Hisense Unveils Strategic Growth Plans for Middle East and Africa

News Desk 2 11/07/2024

Hisense, the global home appliance and consumer electronics brand, has reinforced its dedication to the Middle East and Africa (MEA) region with a focus on future growth. This commitment is evident through the strategic investments and expansion plans outlined by Hisense Group Chairman, Jia Shaoqian, during his recent visit to Dubai, UAE. During his visit, […]

NEWS DESK

Global Wealth Report 2024: Growth returns to 4.2% offsetting 2022 slump

News Desk 2 10/07/2024

In 2023 wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable to currency effects, i.e. a strong USD. However, the bounce back of 4.2% offset the loss from 2022, regardless of whether it is expressed in USD or local currencies, and was driven […]

NEWS DESK

Lumi partners with SAP to enhanceHR process and drive company’s strategic growth

News Desk 2 02/07/2024

Lumi, a leading mobility provider in the Kingdom of Saudi Arabia, has partnered with global technology company, SAP, to enhance the company’s HR processes and procedures through automation, scalability, and data-driven decision-making. The investment in the advanced HR system will provide Saudi Arabia’s home-grown brand with the necessary tools to streamline HR functions

NEWS DESK

MERED Achieves Rapid Growth in Dubai’s Ultra-Luxury Real Estate Sector

News Desk 2 27/06/2024

MERED, an international real estate developer, is rapidly establishing itself as one of the fastest-growing companies in the Dubai real estate sector. In just one year since its market entry, MERED has swiftly emerged as a leading ultra-luxury player. The award-winning developer has launched and broken ground for its flagship project, the ICONIC Tower, within […]

NEWS DESK

TVM Capital Healthcare Announces USD 35 Million Investment into Boston Oncology Arabia

News Desk 2 26/06/2024

TVM Capital Healthcare, an international healthcare expansion and growth capital firm, today announced a USD 35 million investment in Boston Oncology Arabia, a bio-generic drugs manufacturing company based in the Kingdom of Saudi Arabia. From its headquarters in Riyadh and production facility in Sudair Industrial City, Boston Oncology Arabia provides vital medicines for