Dubai, UAE (September 17, 2024): Grandiose Supermarkets, a leading retailer of premium food and groceries, has long been a one-stop shop for all pet essentials. In celebration of International Dog Day, they launched a major on-ground campaign to showcase their extensive pet product range. From gourmet food and delectable treats to innovative toys ......Read More

Abu Dhabi, U.A.E. - September 16, 2024: Hitachi Energy presents its solutions for a sustainable, flexible and secure energy system at the World Utilities Congress (WUC) 2024 to be held at the Abu Dhabi National Exhibition Centre (ADNEC) from September 16-18. The event gathers energy leaders, policymakers, innovators, and professionals from the ......Read More

Monday, September 16, 2024 – Dubai, UAE: Al Fujairah National Insurance Co. (AFNIC) announces the launch of “FloodGuard,” the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for third-party insured motorists. FloodGuard offers crucial coverage for ......Read More

H.E. Bin Touq: Under the guidance of its wise leadership, the UAE consistently takes proactive measures to strengthen corporate social responsibility practices The initiative highlights the key role of the National CSR Fund in channelling private sector contributions toward national development initiatives The meeting highlighted the accomplishments and future initiatives, which are aimed at fostering strategic partnerships and promoting sustainable practices in the UAE Dubai, 12 September 2024: National CSR Fund – Majra held its fourth meeting of the Board of Trustees for 2024-2026 term. The Board of Trustees play a key role in establishing the regulatory framework for ......Read More

Ongoing support from Kia has enabled the removal of over one million pounds of plastic from the Great Pacific Garbage Patch (GPGP) Partnership with The Ocean Cleanup aligns with Kia’s strategic transformation into a sustainable mobility solutions provider Dubai, United Arab Emirates, September 11, 2024 — Kia Corporation and ......Read More

10 September 2024: Following a visit by Al-Futtaim Group to Hangzhou No. 2 Middle School in April this year, Al Futtaim Education Foundation (AFEF) welcomed a delegation from Zhejiang Provincial Government in China and signed a Memorandum of Understanding (MoU) to promote international academic cooperation. The meeting was aimed at fostering ......Read More

09 September 2024: World Travel Market London has today announced that this year's event will be the largest to date, with an expected 7% growth and expansion into new halls at ExCeL London, reflecting the thriving international tourism sector. Taking place from 5 – 7 November, World Travel Market expects to showcase around 4,000 ......Read More

Dubai, UAE – 05 September 2024: Ducab Metals Business (DMB), a subsidiary of Ducab Group, announced today the doubling of its annual production capacity for aluminium from 55,000tpa to 110,000tpa and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products. This expansion strengthens ......Read More

Dubai, UAE, [4.9.2024.] — Zuari Infraworld SJM Properties, LLC today led the topping off ceremony for The St. Regis Residences, Financial Center Road, Dubai, marking a significant milestone in the development of this prestigious luxury project. The event, held at the construction site, celebrated the completion of the building's ......Read More

Acquisition expands TAQA’s portfolio, further strengthening its capabilities to deliver high-quality water treatment solutions Integration of SWS Holding adds significant asset value and further enhances TAQA’s predictable cashflow profile and earnings 04 September 2024, Abu Dhabi, UAE: Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utilities in Europe, Middle East and Africa, today announced the completion of its agreement to acquire Sustainable Water Solutions Holding Company (“SWS Holding”). TAQA has finalised the acquisition of all outstanding shares of SWS Holding for AED 1.7 billion. SWS Holding owns ......Read More

Abdullah Al Zarooni: We are committed to providing full support to developers by offering the necessary guidance to ensure adherence to best practices in the sector. Dubai, United Arab Emirates, 03 September 2024: As part of its ongoing efforts to enhance transparency and fairness in the real estate market, the Legal Support Section at Dubai ......Read More

  Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium: "EGA continues to deliver competitive financial performance throughout the economic cycle, through our focus on operational excellence, controlling our costs, and our long-term commercial relationships with our global customers. "The first half of ......Read More

Nimai, a leading corporate finance and transaction advisory firm, has successfully facilitated a complex transaction between the International Finance Corporation (IFC) and Kadat Food and Beverages (SL) Limited. This deal secures a loan for the Sierra Leonean soft drinks and fruit juices producer, enabling the company to boost productive capacity, ......Read More

Key Highlights for H1 2024 Total property income posted year-on-year growth of 12% to USD 40m in H1 2024, driven by: - Higher occupancy (90.5%) - Higher lease rates (+10%) Property operating expenses declined 3% year-on-year Operating profit increased by 19% year-on-year to reach USD 25m, up from USD 21m in H1 ......Read More

Key Highlights: Achieved net profit of AED 1.6 billion while assets grew by 2% year-on-year. Reported 6% decline in revenue to AED 16.7 billion and 2% decline in EBITDA to AED 2.1 billion in H1 2024, affected by ongoing regional geopolitical conflicts and FX devaluations. At constant currency rates, Group revenue declined by 3%, EBITDA increased by 1% and net profit increased by 1%. Majid Al Futtaim – Properties recorded 9% year-on-year increase in revenue to AED 3.7 billion and 11% growth in EBITDA. Launched its second residential project in Dubai, Ghaf Woods, which sold out its first phase within one week. Majid Al Futtaim – Retail registered an 11% drop in ......Read More

KSA’s rapidly transforming logistics landscape is projected to achieve a valuation of USD 15.31 billion and have 59 new logistics zones by 2030. Savoye as a One-Stop-Shop producer and integrator for automation and software, will address key market bottlenecks to enhance the efficiency and productivity of warehousing operations 27 ......Read More

Partnership signifies powerful collaboration driving digital transformation and empowering societies, delivering industry-leading telecom solutions to enhance lives and advance societies in the UAE. Dubai, UAE 21 August 2024: du, from Emirates Integrated Telecommunications Company (EITC), and etisalat by e&, today announced a strategic ......Read More

Dubai, UAE, 20 August 2024: The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 980,020 (AED 3,599,613), after settlement discount, on Mr Peter Georgiou, for misleading and deceptive conduct and for being knowingly involved in breaches of DFSA rules by his former employer Mirabaud (Middle East) Limited (MMEL). Mr Georgiou was employed by MMEL as a private banker. In addition to the financial penalty, the DFSA has prohibited Mr Georgiou from holding office or being an employee of a DFSA Authorised Firm. He is also restricted from performing any function in connection with the provision of financial services in or from the Dubai International Financial Centre ......Read More

Record quarterly GAAP and Non-GAAP operating margins Raises 2024 revenue and Non-GAAP operating margin guidance Continuing to invest in the fast-growing Unified SASE and Security Operations markets Second Quarter 2024 Highlights Total revenue of $1.43 billion, up 11% year over year Service revenue of $982 million, up 20% year ......Read More

The growing Free Zone for the future of business is home to 2,735 tenants, up from 2,259 in H1 2023 DWTCA's half year 2024 figures reach 2,818 registered companies, up from 2,366 in H1 2023 Direct jobs in the Free Zone stand at 8,223, up 5% on the same period last year. Dubai, UAE, 19 August 2024: Dubai World Trade Centre Authority ......Read More