Abu Dhabi healthcare group PureHealth is pursuing its second consecutive acquisition of a leading European hospital operator, this time targeting Luz Saude, which is based in Portugal. Luz Saude operates a network of 20 hospitals across Portugal and Madeira. This potential deal would enable PureHealth to enhance its European presence following its recent acquisition of...
AD Ports Group has announced its financial results for the first quarter ending March 31, 2025. The company started the year with significant double-digit growth, building on the record financial performance achieved in 2024. This growth was fueled by the strong performance of the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping...
ADNOC Drilling Company has announced a significant allocation of approximately $700 million for new acquisitions in 2025. This move is part of the company’s strategy to enhance its operations both locally in the UAE and in international markets, as stated by CEO Abdulrahman Abdulla Al Seiari. The acquisitions will be facilitated through Enersol, a joint...
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...
Dubai Duty Free has announced impressive sales of Dh2.06 billion ($565 million) for the first quarter of 2025. This strong performance was driven primarily by a record-setting February, which saw sales reach Dh709 million ($194 million). Among the top-selling categories were perfumes, beverages, tobacco, gold, and confectionery. Perfume sales alone hit Dh371 million, contributing 18...
Mobile app revenues in the Middle East have reached $1.7 billion, reflecting an impressive 18.6 percent year-over-year growth. This surge is largely attributed to increased consumer engagement during the Holy Month of Ramadan, as brands intensify their marketing efforts to capture user attention during this peak commercial period. According to a report from AppsFlyer, mobile...
DP World has announced a significant increase in its revenue, which grew by 9.7 percent to reach $20 billion (AED 73.5 billion) for the year ending December 31, 2024. The company’s adjusted EBITDA also rose by 6.7 percent, totaling $5.5 billion (AED 20.2 billion). This resulted in an adjusted EBITDA margin of 27.2 percent. The...
The Dubai International Financial Centre (DIFC) has reported its strongest annual financial performance in 2024, with combined revenues reaching AED 1.78 billion. This impressive figure comes from nearly 7,000 registered companies operating within the center. In 2024, DIFC welcomed a record-breaking 1,823 new company registrations, marking a 25 percent increase from the previous year. His...
EasyLease (ADX: EASY LEASE) has announced its audited financial results for the fiscal year 2024, revealing a total revenue of AED456 million. This figure represents an impressive 53% year-over-year growth, solidifying the company’s leadership position in the rapidly evolving mobility sector in the region. The results underscore Easy Lease’s capability to maintain strong financial performance...