Despite ongoing global challenges such as persistent inflation, elevated interest rates, and geopolitical tensions, the total pipeline value of unawarded construction projects in the Middle East and North Africa (MENA) is set to reach USD3.9 trillion, with the UAE holding a significant share at
Growth
MEED, the internationally renowned publication, has named Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer, Mr. Adel Abdul Wahab Al-Majed, as “MENA CEO of the Year”, in recognition of his exceptional leadership and significant contributions to the growth of the banking industry over the past years. This came as a part of its 2024 MENA […]
More than 46,000 industry professionals from over 160 countries – including 33,500 visitors – attended the 31st edition of Arabian Travel Market (ATM), which concluded today (9 May) in Dubai, UAE. This represents a 15% year-on-year increase in attendees compared to ATM’s landmark 30th edition, setting a new record for the show and demonstrating the […]
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 Q1 24 revenue was AED 262.1 million, an increase of 15.9% (AED 35.9 million) […]
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 […]
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
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 […]
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,
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
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
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, […]
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
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
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
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, […]
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
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 […]
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
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
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 […]