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Category: Business
Sky Links Capital, a leading international multi-asset broker, has announced the establishment of its new holding company, Sky Links Holding Ltd, recently incorporated in the DIFC. This move emphasizes the company’s commitment to strong governance, global expansion, and long-term growth in the Middle East region. The DIFC has gained recognition as a prominent financial center,...
Du, a leading telecommunications company in the UAE, has announced a significant increase in its financial performance for the first quarter of 2025. The company reported a net profit increase of 19.8%, reflecting its ongoing commitment to revenue growth and operational efficiency. In addition to the profit increase, du’s revenues rose by 7.4%, reaching a...
Panasonic Marketing Middle East and Africa (PMMAF) has announced a significant partnership with the Saudi Company for Hardware (SACO), a leading distributor in the electronics and lifestyle retail sector in Saudi Arabia. This collaboration represents a major shift in the retail and electronics landscape of the Kingdom, introducing a direct supply model that connects an...
For the third consecutive year, Dubai has been recognized as the top global destination for attracting Greenfield foreign direct investment (FDI) projects in the cultural and creative industries, according to the Financial Times’ ‘fDi Markets’ report, which evaluated 233 cities worldwide. In 2024, Dubai successfully attracted 971 projects in this sector, resulting in total FDI...
United Carton Industries Company (UCIC), a Saudi cardboard packaging producer, has announced that it will raise 600 million Saudi riyals (approximately $159.98 million) by setting its final initial public offering (IPO) price at SAR 50 per share. This move will position the company with a market capitalization of SAR 2 billion ($533 million) upon its...
Dubai Chambers has announced the agenda for the Dubai Business Forum focused on Germany. This initiative aims to enhance investment opportunities and foster strategic partnerships between Dubai and Germany. Credit: Government of Dubai Media Office The forum will feature discussions on various sectors, highlighting the potential for collaboration. Attendees can expect to engage with industry...
ADNOC Gas plc has announced a net income of $1.27 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) of $2.16 billion for the first quarter of 2025. These figures represent an increase of 7 percent and 4 percent, respectively, compared to the same period in the previous year. Credit: WAM The company’s performance...
Top executives from Abu Dhabi are gathering in Tokyo this week to participate in the inaugural Abu Dhabi Investment Forum. This event marks a significant step toward strengthening cooperation between the emirate and Japan in various sectors, including clean energy, hydrogen, artificial intelligence, and life sciences. The forum aims to foster partnerships and investment opportunities...
The UAE Minister of Economy, Abdullah bin Touq Al Marri, met with New Jersey Governor Phil Murphy to explore ways to strengthen economic and investment relations between the UAE and the United States, particularly with New Jersey. This collaboration aims to open new avenues for cooperation in vital sectors such as tourism, innovation, technology, sustainable...
Sheikh Ahmed bin Saeed Al Maktoum, the Chairman and Chief Executive of Emirates Airline and Group, met with Suzan Kereere, the President of Global Markets at PayPal, to explore collaboration in the evolving digital payments sector. Their discussions focused on further developing the 15-year partnership between Emirates and PayPal. Credit: ARN News Currently, Emirates offers...