Growth

NEWS DESK

After a Momentous 2023, Headlined by a 19% increase in ARR

News Desk 2 27/05/2024

Percona, a leader in enterprise-grade, open source database software, support, and services, has entered 2024 fresh off a year marked by sustained customer growth, multiple prestigious award wins, and innovative product enhancements. The company’s impressive 2023 has further solidified

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Etihad Credit Insurance records 21-fold growth in gross exposure

News Desk 2 22/05/2024

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has unveiled its remarkable growth trajectory in its latest annual report for the year 2023. With a gross exposure of AED 9.6 billion by the end of 2023, ECI has experienced a staggering 21-fold increase compared to 2019. This was announced during a media briefing […]

NEWS DESK

Bybit Reaches 30 Million Registered Users, Marking Explosive Growth and Industry Leadership into Web3

News Desk 2 22/05/2024

Bybit, one of the world’s top three crypto exchanges by trading volume, today celebrates a monumental milestone: surpassing 30 million registered users globally. This remarkable achievement comes alongside a period of exceptional growth, solidifying Bybit as a frontrunner in the blockchain industry. Market Share Soars, User Trust Flourishes Bybit’s market

NEWS DESK

AstraZeneca sets ambition to deliver $80 billion Total Revenue by 2030 and sustained growth post 2030

News Desk 2 21/05/2024

Today AstraZeneca revealed its bold ambition to deliver $80 billion in Total Revenue by 2030, up from $45.8 billion in 2023. This will be achieved through significant growth in its existing oncology, biopharmaceuticals and rare disease portfolio, and by launching an expected 20 new medicines before the end of the decade. To drive sustained growth […]

NEWS DESK

Faisal Algain appointed Head of Growth and Client Engagement for dentsu Saudi Arabia

News Desk 2 20/05/2024

dentsu KSA has appointed Faisal Algain as Head of Growth and Client Engagement. Reporting to dentsu Saudi Arabia’s Managing Director, Ahmad Haidar, Faisal will spearhead growth initiatives and foster collaboration across service lines to identify new market opportunities in the Kingdom in this newly created role. Strengthening dentsu Saudi Arabia’s local senior leadership

NEWS DESK

Consumer confidence in UAE banking rises to 90%

News Desk 2 15/05/2024

H.E. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from 84% in 2022 to 90% in 2023 reflects its continuous development, as customer trust is an important pillar in banking and finance. He […]

NEWS DESK

UAE’s resilient construction sector poised for growth momentum with high-value pipeline of USD590 billion in 2024

News Desk 2 14/05/2024

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 15%, according to JLL’s latest UAE Construction Market Intelligence Report.

NEWS DESK

In Recognition of His Contributions to the Growth of the Banking Industry in Kuwait and the Region

News Desk 2 14/05/2024

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 […]

NEWS DESK

Arabian Travel Market 2024 sees 15% year-on-year growth

News Desk 2 09/05/2024

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 […]

NEWS DESK

Presight continues to deliver strong topline growth and profitability in Q1 24

News Desk 2 08/05/2024

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) […]

NEWS DESK

Hyatt Announces more Than 50% of Growth will lean into Leisure in EAME

News Desk 2 07/05/2024

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 […]

NEWS DESK

Empowering Emirati Youth: One Year of Growth with Al Masaood Power Division’s Mechatronics Apprenticeship Program

News Desk 2 07/05/2024

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

NEWS DESK

JUMEIRAH ENTERS NEXT PHASE OF GROWTH WITH UNVEILING OF NEW BRAND IDENTITY

News Desk 2 07/05/2024

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 […]

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NetApp Appoints Market Growth and Revenue Operations Leader, Dallas Olson to Chief Commercial Officer Role

News Desk 2 07/05/2024

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,

NEWS DESK

IHC Records Exceptional 87.6% Growth

News Desk 2 07/05/2024

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

NEWS DESK

Ajman Tourism Unveils Tourism Growth at Arabian Travel Market 2024

News Desk 2 04/05/2024

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

NEWS DESK

Economy Middle East Summit 2024 Highlights Economic Growth Prospects in the MENA Region

News Desk 2 01/05/2024

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, […]

NEWS DESK

Ghitha Sustains Positive Momentum Throughout Q1 2024 and Delivers Robust Topline Growth

News Desk 2 01/05/2024

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

NEWS DESK

ZentrumHub’s Technology Boosts Akbar Travels’ Growth, Tripling Revenue

News Desk 2 30/04/2024

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

NEWS DESK

Global Real-Time Payments Growth “Sustainable” As New Use Cases Push Transactions to Record Highs

News Desk 2 30/04/2024

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