Growth

NEWS DESK

Integrate Middle East 2024 to optimise Digital Signage Systems

News Desk 2 30/04/2024

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

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Geopolitical stability, inclusive growth, energy security under spotlight in Riyadh

News Desk 2 30/04/2024

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

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ECI Highlights Growth and Sustainability in Global Trade Finance

News Desk 2 29/04/2024

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 […]

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Emirates Development Bank Forum Highlights Role of Strategic Partnerships

News Desk 2 29/04/2024

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

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Abu Dhabi Property Market Demonstrates Resilient Growth, Continues to Attract Global Investors

News Desk 2 29/04/2024

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

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DIFC delivers record 23 per cent YoY growth in underwriting volumes

News Desk 2 28/04/2024

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 […]

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EasyLease Achieves Remarkable Financial Growth in Q1 2024

News Desk 2 27/04/2024

EasyLease (ADX: EASY LEASE), the esteemed mobility solution company and a subsidiary of Abu Dhabi-based International Holdings Company (ADX: IHC), today announced its financial results for the first quarter ended March 31, 2024. The company reported a remarkable revenue of AED 97.36 million, reflecting a 38.6% growth compared to Q1 2023, and a robust operational […]

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Azaan Khan to accelerate DUGASTA Properties’ phenomenal growth

News Desk 2 25/04/2024

Azaan Khan, the Chief Executive Officer of Dugasta Properties, has made a mark with unprecedented success backed by innovative solutions that helped the company sell out projects one after the other in quick succession. Still in his 20s, he is the new leader of Dugasta Properties and has made his mark in the first few […]

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ASCOTT’S GLOBAL LOYALTY PLATFORM ‘ASCOTT STAR REWARDS’

News Desk 2 24/04/2024

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today marked the 5th year of its global loyalty platform, Ascott Star Rewards (ASR), with record results from FY 2023. Having grown exponentially since its launch in April 2019, Ascott achieved its highest ever room revenue from ASR members last year […]

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ASCOTT’S GLOBAL LOYALTY PLATFORM ‘ASCOTT STAR REWARDS’

News Desk 2 22/04/2024

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today marked the 5th year of its global loyalty platform, Ascott Star Rewards (ASR), with record results from FY 2023. Having grown exponentially since its launch in April 2019, Ascott achieved its highest ever room revenue from ASR members last year […]

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Bitcoin halving ‘can help mining companies flourish’

News Desk 2 21/04/2024

GDA, one of the world’s leading bitcoin mining companies in terms of hash rate, believes the latest bitcoin halving event can allow the industry’s leading players to flourish, as the GCC region emerges as a new area for growth. Abdumalik Mirakhmedov, Founder and Executive President of GDA, will be a keynote speaker at the World […]

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Moglix accelerates supply chain growth in Middle East

News Desk 2 18/04/2024

Moglix, a global leader in the B2B eCommerce and procurement sector, is spearheading digital transformation in the Middle East and GCC region by accelerating procurement and supply chain efficiency through its tech-first approach. Moglix’s offerings drive efficiency in procurement management, as well as enabling cost reduction and seamless supply chain operations for the

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Plocamium Holdings Launches New Service Targeting Middle Market Companies

News Desk 1 10/04/2024

Plocamium Holdings (“PH”), a newly launched private equity services firm, announced today it has begun working with middle market companies and sponsors to improve growth and drive greater returns and performance for those companies and investors. PH offers a unique suite of expertise that can evaluate a company’s strengths and weaknesses from the C-Suite to

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Launch of two first-in-class medicines in 2023 marks start of exciting phase of growth for Ferring

News Desk 1 09/04/2024

Ferring today published its 2023 Annual Report showing the company’s annual revenues were €2.2 billion, a decrease of -4% on the previous year at actual exchange rates (AER), but an increase of +1% at constant exchange rates (CER). EBITDA increased by +€43 million (+12% at AER) to reach €406 million and operating profit for the year reached […]

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DXB LIVE Achieves Phenomenal Growth, Expands Business in 2023

News Desk 1 03/04/2024

DXB LIVE, the experiential agency of Dubai World Trade Centre (DWTC), recorded significant growth in 2023, doubling its business against the previous year with 100% growth over a 12-month period. Throughout the year, the agency provided its services to 500 prominent events, spanning exhibitions, conferences, festivals, public and entertainment events, graduation

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Arabian Travel Market’s sold-out Travel Tech area sees 56% year-on-year growth

News Desk 1 26/03/2024

More than 100 of the world’s leading travel technology companies will be exhibiting at Arabian Travel Market (ATM) 2024, which will take place at Dubai World Trade Centre (DWTC) in the UAE from Monday 6 to Thursday 9 May. ATM 2024’s sold-out Travel Tech space will be 56% bigger than last year with 33% more […]

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Real estate agency Whitewill reports robust growth and strategic expansion

News Desk 1 25/03/2024

Whitewill, the international luxury real estate agency for developers and partners that operates across the UK, USA, and UAE markets, is strategically expanding its reach within the UAE and GCC countries. Since its establishment in the UAE in June 2021, the agency has demonstrated unparalleled expertise and dedication, rapidly emerging as a beacon of quality […]

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ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend 

News Desk 1 14/03/2024

ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) confirms shareholder approval of all agenda items at its Annual General Assembly Meeting, including distribution of its highly attractive final cash dividend for the year ending December 31, 2023. Commenting on the announcement, Abdulrahman Abdulla Al Seiari,

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Poddster Opens First International Studio in Singapore

News Desk 1 07/03/2024

Poddster – a pioneering network of video podcast production studios and Dubai’s first podcasting community – has begun expanding globally with the launch of its first location in Singapore. The new Poddster location in Singapore’s Bukit Merah area is the company’s first to open outside of Dubai. Four large professional studios and an expansive community […]

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DAR GLOBAL SOARS WITH A 23% RETURN ON EQUITY, EMBARKING ON A JOURNEY

News Desk 1 01/03/2024

Dar Global, the luxury international real estate developer, today announced its audited full-year financial results for the year ending 31 December 2023, having generated record revenues of USD 360.6 million and posting a significant increase in gross profit to USD 146.4 million at a healthy margin of 41%. Dar Global’s revenue grew 351% year-on-year compared […]