Business & Money | Wednesday 30 October, 2024 8:00 am

GII closes $100 million capital increase to boost its growth plans

 Leading shareholders in Gulf Islamic Investments (GII), plus new investors, have added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC, ahead of the forthcoming Financial Investment ...

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Business & Money | Wednesday 30 October, 2024 8:00 am

Porsche Saudi Arabia launches all-new, all-electric Macan and the new Taycan

Samaco Motors, the official importer of Porsche in Saudi Arabia, hosted a special event in Riyadh on October 28 to celebrate the launch of its all-new, all-electric Macan and the new updated Taycan in the Kingdom of Saudi Arabia. The event attracted Porsche customers, business leaders, media...

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Business & Money | Wednesday 30 October, 2024 8:00 am

du reports its Q3 2024 results Very strong performance with quarterly revenues growing 9.1%, EBITDA growing 16.9% and 9-months net profit surging by 49.7%

 Emirates Integrated Telecommunications Company PJSC (du), announced today its financial results for the third quarter of 2024 with a stellar topline growth of 9.1% and a robust EBITDA growth of 16.9%. Q3 EBITDA margin of 48.3% is the highest since inception. Q3 net profit of AED 719 million...

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Business & Money | Tuesday 29 October, 2024 3:19 pm

Amali Properties Breaks Ground on Amali Island: A New Landmark in Ultra-Luxury Island Living

Amali Properties has officially broken ground on Amali Island, a landmark luxury development within The World Islands, off the coast of Dubai.  The ceremony was marked by a gathering of key officials from Amali Properties, as well as the project’s marine works contractors,...

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Business & Money | Tuesday 29 October, 2024 12:45 pm

Egyptian ICT Minister inaugurates Deloitte Innovation Hub in Cairo

Deloitte announced the official launch of the Deloitte Innovation Hub in Cairo, marking a significant milestone in the firm's commitment to driving innovation and harnessing top-tier talent in this emerging market. The event was attended by Egypt's Minister of Information, Communications and...

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Business & Money | Tuesday 29 October, 2024 12:29 pm

UAE champions customer-centric innovation at the Customer Happiness Awards in Shaikh Al Qasimi’s presence

On a memorable evening celebrating the UAE's dedication to customer-centric excellence, His Highness Sheikh Humaid Bin Khalid Al Qasimi joined esteemed guests at The Westin Dubai Mina Seyahi on October 18th, to inaugurate the sixth annual Customer Happiness Awards (CHA), organized by Plan3Media....

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Business & Money | Tuesday 29 October, 2024 12:26 pm

Saudi Rail Conference and Exhibition to Launch in Riyadh on November 20-21, 2024

Under the patronage of His Excellency the Minister of Transport and Logistics Services, the Chairman of the Board of Directors of Saudi Railways, Eng. Saleh bin Nasser Al-Jasser, Riyadh will host the first edition of the Saudi International Rail Conference and Exhibition, “Saudi Rail,” on...

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Business & Money | Tuesday 29 October, 2024 12:18 pm

Dubai Set to Host the Pioneering International Geotechnical Innovation Conference (IGIC) UAE on October 30-31, 2024

With UAE’s construction sector estimated at USD 640bn and the wider GCC region recording USD 2.7 trillion plus worth of projects, the burgeoning construction sector of the desert nations calls for extensive geotechnical construction services. Against this backdrop, Dubai is set to host the...

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Business & Money | Tuesday 29 October, 2024 12:11 pm

Announcing its financial results for the period ended September 30, 2024 Estithmar Holding profits climb 15% to QAR 353 million as growth momentum continues

Estithmar Holding Q.S.P.C announced its financial results for the nine-month period ended September 30th, 2024. The results reported a 15% increase in net profits compared to the same period in 2023, reaching QAR 353 million, up from QAR 307 million last year. Revenues also rose by 32%,...

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Business & Money | Tuesday 29 October, 2024 12:06 pm

AI-driven CAFM solutions can reduce maintenance costs in the UAE hospitality sector by 20%

Leading smart FM solutions provider HITEK Services, which is part of the Farnek group of companies, has witnessed a paradigm shift from hospitality professionals, by adopting AI-driven computer aided facilities management (CAFM). Essentially, CAFM solutions such as CAFMTEK which are now...

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