Dubai, UAE – 03 June, 2025: Zoho, a leading global technology company, has announced a new partnership with Dart, a leading business ecosystem in Dubai, aimed at empowering founders from around the world to relocate, setup and scale their companies in the UAE. The agreement was formalised during a signing ceremony between Premanand Velumani, Associate Director, Strategic Alliances Middle East and Africa (MEA) at Zoho, and Jack Mouzer, COO of Dart, at Dart’s Dubai headquarters. As part of this collaboration, Zoho will offer $500 in wallet credits to eligible Dart members, providing them access to its suite of 55+ cloud-based business applications. The company will also lead dedicated workshops, product training sessions, and webinars to help entrepreneurs and early-stage tech businesses build and grow efficiently using ......read more
2 July 2025, Dubai: Gargash Group, one of the UAE's leading business enterprises, is pleased to announce a significant step forward in its sustainability efforts with the signing of a Sustainability-Linked Facility (SLF) agreement with Mashreq, a leading financial institution in the MENA region. The agreement represents one of the largest SLFs in the UAE automotive sector to date and supports the group's efforts to align with UAE Green Agenda 2030 and Net Zero Strategy 2050. The facility ties financing terms to measurable Environmental, Social, and Governance (ESG) Key Performance Indicators (KPIs), including targets for reducing carbon emissions, increasing investment in employee development, and encouraging responsible practices across the supply chain. The signing ceremony took place at the Mercedes-Benz Brand Center in ......read more
As Dubai slowly but steadily consolidates its industry within the realm of the digital economy, interest in Bitcoin and Bitcoin Cash remains. It is really crucial that you clearly understand the distinction between the two individuals, who stay abreast with the dynamic financial environment of the region. The UAE's push for digitalisation really made Dubai a prominent hub for crypto activity. As the government actively oversees and an increasing number of end-users join the market, the differences between the most prominent cryptocurrencies, such as Bitcoin and Bitcoin Cash, have become more critical than they have since the beginning. The following are the key differences between the two coins based on their value, functionality and significance within the Dubai crypto ecosystem. Understanding The Split Bitcoin and ......read more
في مراجعة Zenstox هذه، اكتشف لماذا تُعد Zenstox منصة موثوقة تمنحك الثقة الكاملة لتحقيق طموحاتك المالية بسهولة وأمان. هل تتساءل: هل Zenstox آمن للتداول؟ الإجابة هي نعم قاطعة! سواء كنت مبتدئًا تبحث عن تجربة تداول سلسة أو متداول محترف يسعى لتحسين أدائه، تقدم Zenstox واجهة ذكية وأدوات متطورة تجعل قراراتك الاستثمارية دقيقة وسهلة منذ اللحظة الأولى. هل سئمت المنصات المعقدة التي تعيق تقدمك؟ Zenstox تقدم بيانات لحظية دقيقة، تنبيهات مخصصة تناسب احتياجاتك الشخصية، وتطبيقًا جوالًا سلسًا يتيح لك التداول بسهولة وسرعة أينما كنت في العالم. تتميز Zenstox بترخيص كامل من هيئة الخدمات المالية في سيشيل (SD123)، مما يضمن حماية أموالك في حسابات منفصلة وتأمين معاملاتك بتشفير SSL متقدم. انضم إلى أكثر من 200,000 متداول عالمي يثقون بشفافيتها الكاملة ورسومها الصفرية الخفية. استفد من دعم مباشر على مدار الساعة، دروس تعليمية شاملة تغطي الفوركس والأسهم والعملات ......read more
June 30th, 2025: Sheng Ding, President of SAVOYE, is pleased to announce the appointment of Julien Calloud as Chief Executive Officer, effective June 2025. This strategic appointment marks a new chapter for SAVOYE, a French company specializing in intralogistics solutions and supply chain software. With a strong technological foundation, recognized expertise, and a robust network of distributor-integrators, SAVOYE supports clients both in France and internationally. In his new role, Julien Calloud will oversee the strategic and operational management of the company. His mission is to coordinate all departments and further strengthen SAVOYE’s momentum in innovation and sustainable growth. A dual French-German graduate of the European Institute of Advanced Business Studies in Strasbourg, Julien Calloud brings over 20 years ......read more
Key Highlights for Q1 2025 Total property income increased by 24% year-on-year on a like-for-like basis, reaching USD19 million despite the divestment of two properties in 2024. Property operating expenses have decreased by 8.4% to USD3 million, driven by further cost optimization initiatives. Occupancy increased by 6% to 95%. Net property income remained stable at USD16 million, despite the absence of income of the properties divested in 2024, which has been compensated by higher rents and occupancy. Sharp Reduction in Finance Costs with Net finance costs decreasing by 57% to USD6 million, thanks to the success of the Sukuk refinancing. Revaluation gain of USD149 million leading to the Total Assets reaching USD1.2 billion, higher than the 1.1 billion in Q1 2024, despite the sale of the two properties. Finance to Value ......read more
Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region. This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle Eastern market. The partnership aims to empower businesses across various sectors, including media, telecommunications, and entertainment, by facilitating seamless streaming experiences backed by ......read more
Dubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses. With over 40 years of international business experience, Mr. Dirhem is a seasoned and accomplished business leader who has played a key role in the Group’s strategic growth across the Middle East, Africa, Asia, and Europe. He previously served as Vice Chairman of the Board, contributing significantly to the Group’s global expansion and resilience. At the heart of Mr. Dirhem’s leadership is a deep commitment to serving communities, improving the lives of millions, and championing sustainable development. He believes that the true measure of ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold prices have staged a notable resurgence over the past week, as geopolitical tensions once again dominate investor sentiment, highlighting gold's enduring appeal as a traditional safe haven in times of global instability. However, the initial uptick, observed last week, found resistance near the $3,440–$3,450 zone on Monday—historically a ceiling for gold’s recent rallies. Gold (XAU/USD) daily chart Past performance is not a reliable indicator of future results. The move reflects renewed caution among investors following heightened concerns in the Middle East and global markets more broadly. As fear-based sentiment replaced the optimism seen earlier in June, capital flowed back into gold, underlining its role as a protective ......read more
The UAE launched the General Commercial Gaming Regulatory Authority in 2023, showing its earliest intention to legalise commercial gaming with the potential for licenced establishments. Big-player investors and developers have since turned their attention to Dubai, where a massive project is already underway on the Jumeirah Beach. The purpose-driven MGM project is, aiming to develop three luxury towers with the Belaggio, MGM, and Aria brand names. No licence has been granted yet, but the MGM investors have already planned and designed a $2.5 billion resort with space for gaming for when Dubai allows casinos. The decision remains with local leadership who are cautiously considering the project but have not outright rejected it. Many tourists and expats play casino games from the UAE. Gambling expert Alex Hoffman highlights that ......read more
The currency market, also known as the foreign exchange (forex) market, is the largest and most liquid financial market in the world. Every day, trillions of dollars are traded as businesses, investors, governments, and speculators buy and sell currencies. But what is forex trading? and how currencies move against each other? Understanding the key factors that affect currency market trading is essential for anyone involved in forex trading. Below are the major influences: 1. Interest Rates One of the most important factors influencing currency value is a country’s interest rate. When a central bank raises interest rates, it typically attracts more foreign capital as investors seek higher returns on investments. This inflow increases demand for that country’s currency, pushing up its value. Conversely, lower ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com The price of silver (XAG/USD) entered a consolidation phase on Wednesday morning, trading within a narrow range around $36.50 following a period of heightened volatility. However, sentiment quickly shifted after comments from the Chinese Vice Premier regarding ongoing trade negotiations with the United States in London. While the remarks were not overtly negative, they underscored the challenges ahead, reminding markets that a smooth path to a trade deal is far from guaranteed. The statement that China is “not willing to fight but not afraid to fight” sparked renewed caution, triggering a sharp 1.4% drop in silver prices within just five minutes. Silver (XAG/USD) daily chart & Gold/Silver ratio (blue line) Past performance is not a reliable indicator ......read more
Dubai, UAE – June 11: Trinasolar has once again secured its position in the BloombergNEF (BNEF) Tier 1 list for Q2 2025, reaffirming its exceptional bankability, industry-leading technologies, and robust shipment of its 210mm modules. This recognition further cements Trinasolar’s reputation as a global leader in smart solar and energy storage solutions, trusted across global markets. The BNEF Tier 1 List is widely recognized as one of the most authoritative and influential rankings in the solar industry. It serves as a key reference for industry trend analysis and investment decisions. Starting in Q2 2025, BNEF has raised the eligibility threshold for solar project size from 5MW to 10MW, significantly tightening the selection criteria. Trinasolar’s sustained presence on the list under these stricter standards ......read more
The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance JEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries. Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad Khalid Jawahir, Senior Islamic Finance Specialist; Dr. Hylmun Izhar, Senior Research Economist; and Dr. Wejdan Kenali, Senior Editor. The IsDBI’s ......read more
Dubai, UAE –June 02, 2025: TCL, a leading global consumer electronics brand and the No.2 TV brand worldwide, proudly announces the elevation of its partnership with Arsenal Football Club to a global level, becoming Arsenal’s Official Global Consumer Electronics Partner. This milestone marks a new era in the relationship between two iconic brands driven by shared values of innovation, excellence, and progress. Building on a successful regional partnership in the UK, Middle East, and Africa since 2023, TCL and Arsenal are now taking their collaboration global, connecting with fans and consumers in more markets through shared values of innovation, performance, and progress. Sunny Yang, General Manager – TCL Middle East & Africa, stated: “We are proud to elevate our partnership with Arsenal to a global ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold (XAU/USD) is attempting to regain bullish momentum at the start of the week, though upside progress remains capped by key technical resistance. The precious metal found support near the 50-day simple moving average (SMA) at $3,168 last week, triggering a modest rebound as short-term sellers opted to lock in profits following recent weakness. Attention now turns to $3,250, a level that has capped advances in the past four sessions. Gold (XAU/USD) daily chart Technical Landscape Despite Monday's modest gains, gold continues to struggle with upward follow-through. The daily chart suggests price action is caught between technical support and resistance zones, limiting the potential for a breakout unless broader market catalysts emerge. Macro Backdrop: ......read more
Panasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO) Riyadh, Saudi Arabia Panasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. This collaboration marks a significant evolution in the Kingdom's retail and electronics sectors, as it pioneers a direct supply model in the Saudi market, aligning a major international manufacturer directly with a leading national retailer. The partnership is also strategically designed to redefine how Saudi customers access and experience Panasonic's innovative products, bringing them closer to consumers through SACO's extensive network of retail locations across the ......read more
Dubai, UAE – May 2, 2025 – New Jersey Governor Phil Murphy and Hotpack, the UAE-based leader in sustainable food packaging solutions, today announced a major step forward in Hotpack’s international expansion strategy with a $100 million investment to establish a new manufacturing and distribution facility in Edison, New Jersey, USA. This project marks Hotpack’s first production base in North America, reflecting its commitment to delivering tailored packaging solutions and strengthening supply chains to meet the evolving needs of its growing customer base in the United States, in alignment with the company’s 2030 Vision for international growth. The state-of-the-art facility will span 70,000 square feet, with operations set to commence in June 2025. As part of the first phase, the project will ......read more
Board of Directors proposes 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholders Financial Highlights (Year ended 31 December 2024): Sales volumes increased 5.9%, highlighting strong market demand across core categories Gross revenue reached record of AED 601.7 million, up from AED 589.4 million in 2023 Gross profit expanded 8% to AED 99.6 million, underscoring operational efficiency Profit before tax and remuneration is increased by 22% to AED. 37.5 million Net profit after tax and remuneration was AED 30.8 million Earnings per share increased 11% to AED 1.02 (2023: AED 0.92), representing stronger shareholder returns Total assets increased to AED 439.4 million, while equity reached AED 344.5 million Dubai, United Arab Emirates ......read more
Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed USD 689 million during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and direct-to-consumer (D2C) sales. Vehicle solutions and heating, ventilation and air conditioning (HVAC) – both critical to LG’s B2B strategy and future growth – delivered ......read more
Dubai, UAE, April 24 - Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of 5.125% per annum. The transaction garnered a high-quality orderbook peaking over USD 2.7bn, representing a 5.4x oversubscription rate, with participation from 100+ investors. The transaction represents the Bank’s first Sukuk issuance ever, marking a milestone in the bank’s capital markets journey and allowing it to further diversify its funding platform. Given this transaction marks Ajman Bank’s debut in the international capital markets, the Bank conducted an extensive ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve Chairman Jerome Powell. Although the Fed’s independence has long been a pillar of financial stability, these developments are casting doubt over its future — and markets are responding. Trump has made no secret of his dissatisfaction with Powell’s monetary policy stance. On Wednesday, Powell warned that tariffs could lead to a temporary spike in both inflation and unemployment, possibly necessitating a rate hike. Trump promptly criticized the Fed Chair on Truth Social, accusing him ......read more
Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure development Transmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sector Abu Dhabi, UAE – 17 April 2025: Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, announced today that it has acquired 100% of Transmission Investment (“TI”), a leading UK-based energy and utility investment platform. TI is one of the largest ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Global markets opened the week under pressure, with major equity indices tumbling once again as volatility swept through the Asian session. The latest wave of selling follows China's announcement of retaliatory tariffs on the U.S., intensifying the fallout from last week's 'Liberation Day' tariff shock. Investors had hoped that the worst of the uncertainty would fade following the initial U.S. tariff announcements. Instead, the reality has proven more severe. With tariffs exceeding expectations and no sign of negotiations, markets are now increasingly pricing in the risk of a global recession—beginning with the U.S. This risk-off mood has triggered broad-based liquidation across asset classes. Even traditional safe havens have not been ......read more
Revenue surpasses $361 million in 2024, marking an 18% year-on-year increase EBITDA surged by 24.5% to reach $284,909,572 in 2024. Net income exceeds $264 million, reflecting 16% growth Dubai, UAE – April 6th 2025: MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has achieved a record-breaking financial performance in 2024, reinforcing its status as a global industry leader. According to the latest audited financial statements, MultiBank Group’s revenue surged to $361,874,865, an 18% increase from $306,636,714 in 2023. Meanwhile, EBITDA skyrocketed by 24.5% to reach $284,909,572 compared to $228,792,229 in the previous year. This milestone highlights the Group’s global growth, technological-advancements, and its commitment to delivering exceptional value ......read more
Sukoon Takaful PJSC ("Sukoon Takaful") today announced its financial results for the year ended December 31, 2024, reporting a significant turnaround and a return to profitability. Following a comprehensive restructuring and integration with its parent company, Sukoon Insurance, the company has demonstrated strong financial performance and operational improvements. Sukoon Takaful reported AED 172.4 million in Gross Written Contribution (GWC) for 2024 and achieved a net profit before tax of AED 21 million, marking a successful turnaround. The company also boasts a robust solvency capital ratio of 174% (minimum regulatory requirement: 100%), underscoring its strong financial position and ability to meet policyholder obligations. This positive result reflects the effectiveness of strategic initiatives ......read more
The new installation has been dubbed one of the largest rooftop solar projects in National Industries Park, Dubai Dubai, UAE – March 19, 2025: Hotpack Global, the UAE-based leader in sustainable packaging solutions, has successfully completed the installation of a 2.2 MW rooftop solar power system at its cutting-edge manufacturing facility in National Industries Park (NIP), Dubai. This milestone marks one of the largest solar energy installations in the NIP area, reinforcing Hotpack’s commitment to environmental sustainability and renewable energy adoption. The solar installation is projected to generate approximately 3.52 million kilowatt-hours (kWh) of clean energy annually, significantly reducing Hotpack’s dependence on conventional power sources. Additionally, the initiative is expected to cut 2,992 metric ......read more
19 March 2025: NBF held its Annual General Assembly Meeting (AGAM) at the Novotel Hotel, Fujairah, United Arab Emirates, where shareholders approved the distribution of profits equivalent to 15% of share capital in the form of cash dividends (AED 387.1 million) of paid-up capital. The bank's shareholders also approved the Chairman's and Directors' Reports, and the Internal Shari'ah Supervision Committee Report for NBF Islamic, the Islamic banking window of NBF. The bank's consolidated financial statements for the year ended 31 December 2024 were also discussed and approved. The shareholders confirmed the appointment and remuneration of the bank's external auditors, PricewaterhouseCoopers ("PwC") for the year 2025. The Board of Directors' remuneration proposal for its members was also ......read more
Expanding into new markets is an exciting opportunity for any business, but it often comes with a host of challenges. When it comes to the United Arab Emirates (UAE), a market known for its rapid growth and high customer expectations, these challenges can feel overwhelming. Are you struggling to establish a local presence without the high costs of setting up a physical office? Do you find it difficult to build trust with UAE customers who prefer doing business with local entities? Or are you grappling with the logistical nightmare of providing 24/7 customer support across different time zones? If you answered "yes" to any of these questions, you’re not alone. These are common pain points for businesses entering the UAE market, and they can significantly hinder your growth and success. The good news is that ......read more
Commercial Bank of Dubai (CBD) has today announced it is the first bank in the Middle East to integrate the Kinexys Liink application Confirm from Kinexys by J.P. Morgan into its corporate banking portal and mobile app, reinforcing its position as a digital-first bank committed to driving real, impactful change in financial services. With a commitment to service transformation and a digital-first approach, CBD continues to lead in delivering solutions that matter. This integration provides CBD’s corporate clients with streamlined cross-border payment flows as a result of faster, more secure, and more efficient account validation. Kinexys Liink, the world’s first bank-led peer-to-peer data sharing network, is part of Kinexys by J.P. Morgan – the firm’s ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Consumer inflation has softened in February. That is the key takeaway from the latest data released on Wednesday. Both headline and core CPI came in lower than expected at 2.8% and 3.1% respectively. Additionally, both monthly readings also dropped from the previous month and came in below expectations at 0.2%. As anticipated, the initial market reaction was a relief rally in US equities, accompanied by a weaker US dollar and lower yields. However, this momentum has struggled to sustain itself. The dollar and yields have rebounded from their initial knee-jerk declines, turning higher, while equity indices have found limited buying interest to push significantly higher. Nasdaq 100 1-minute chart Past performance is not a reliable indicator of future results. In ......read more
More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demand The U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain Builds on the $6 billion USD investment announced in 2024 – the largest in the industry in recent years to respond to the urgent need to upgrade power grids Dubai, UAE, March 12, 2025 – Hitachi Energy announced today at CERAWeek additional major investments of more than $250 million USD by 2027 to expand global production of critical components for transformers. This rapid follow-up to the recently announced $6 billion USD investment across the company portfolio reflects the escalating transformer shortage, which continues to ......read more
Strong results and record alumina and hot metal production. Building global aluminium recycling business, and laying foundations for low carbon primary growth. Growing sales of CelestiAL solar aluminium. Record Emiratisation rate, and metal sales to UAE customers. Second consecutive year of AED 3.7 billion ($1 billion) dividend to shareholders. AED 1.8 billion ($488 million) impairment of Guinea Alumina Corporation. Abu Dhabi, United Arab Emirates, 12 March 2025: Emirates Global Aluminium, the largest 'premium aluminium' producer in the world, today announced strong financial results for 2024 and low carbon growth. EGA delivered adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted EBITDA) of AED 9.2 billion ($2.5 billion), up from AED 7.7 billion ($2.1 billion) in 2023, ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com US equity futures started the week on a weaker note, continuing the recent trend of softness. The Nasdaq 100 extended heavy losses from Asian and European trading sessions, shedding nearly 500 points (2.5%) at the US open. Investor sentiment remains fragile as uncertainty surrounding Trump’s tariff policies fuels concerns about a potential global trade war and its implications for economic growth. Recession fears have exacerbated the selling pressure on US equities, contributing to the market’s current downturn. The Nasdaq 100 has now slipped below all four of its key simple moving averages (20, 50, 100, and 200-day), failing to find support at these levels. Additionally, the Relative Strength Index (RSI) has dropped to 30 for the first time since August, ......read more
The Forex market, one of the largest and most liquid financial markets in the world, is evolving rapidly in response to global economic shifts, technological innovation, and geopolitical dynamics. As we step into 2025, traders and investors are increasingly turning to sector-based investing as a strategic approach to navigate the complexities of currency trading. While traditionally associated with equity markets, sector-based strategies are now gaining traction in Forex as a way to align currency exposure with broader economic trends and industry-specific developments. Understanding Sector-Based Investing in Forex Sector-based investing involves allocating capital based on the performance and outlook of specific sectors of the economy. In the context of Forex, this means evaluating how different sectors — such as energy, ......read more
Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar 17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China Large companies making their first dividend payments made a disproportionate impact – Meta, Alphabet and Alibaba accounted for one fifth of global dividend growth in 2024 Globally 88% of companies raised dividends or held them steady in 2024 Q4 payouts rose 7.3% on an underlying basis Forecast 2025: Headline growth of 5.0% to record $1.83 trillion, up 5.1% on an underlying basis DUBAI, UAE - Global dividends grew to a record $1.75 trillion in 2024, according to the Janus Henderson ......read more
The launch follows the 10-Year Anniversary of IQOS Dubai, United Arab Emirates — March 3, 2025 — Philip Morris Middle East, an affiliate of Philip Morris International (PMI) (NYSE: PM) today announced the launch in the United Arab Emirates of IQOS ILUMA i, the latest and most innovative addition to PMI’s growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. Today, whilst not risk-free, this range of better alternatives to cigarettes includes multiple generations of IQOS, the No. 1 tobacco heating system. The launch also follows the recent 10-Year anniversary of IQOS, originally launching in Nagoya, Japan in 2014. “We leverage science, world leading brands and commercial capabilities to provide better alternatives to our adult ......read more
Net profit reached AED 10.8 billion, growing 4.3 per cent year-over-year Full year dividend per share of 83 fils e&’s footprint expanded to 38 countries with a subscriber base of 189.3 million across the Middle East, Asia, Africa, and Central and Eastern Europe e& emerged as the ‘World’s Fastest Growing Brand’ with brand portfolio and investments value exceeding US$ 20 billion Abu Dhabi, 25th February 2025: e& has delivered record financial performance in 2024, reporting a consolidated net profit of AED 10.8 billion, an increase of 4.3 per cent year-over-year (YoY). This milestone reflects three years of strategic transformation, reinforcing the Group’s position as a global technology group. Consolidated revenues reached AED 59.2 billion, growing 10.1 per cent and 12.6 per cent ......read more
Abu Dhabi, UAE, February 18, 2025 - Kalyani Strategic Systems Limited, a wholly-owned defence subsidiary of Bharat Forge, proudly unveiled the MArG 45, mobile gun system mounted on a 4x4 all-terrain platform, at IDEX Abu Dhabi 2025. The prestigious launch was officiated by H.E. Shri Sunjay Sudhir, Ambassador of India to the UAE, reinforcing India’s commitment to advancing global defense technology. MArG 45 exemplifies Kalyani Group’s ingenuity in challenging conventions, integrating firepower, range, and mobility into a single, ground-breaking platform. Designed for rapid deployment and superior manoeuvrability, it is a “go-anywhere” gun with unparalleled shoot-and-scoot capabilities. Mr. Baba Kalyani, Chairman & MD, Bharat Forge Ltd., commented on this milestone: "This Mounted Gun Platform ......read more
Dubai, 14th February 2025 - Federal Bank, one of India's leading private sector banks, held a press conference in Dubai, marking Managing Director & CEO Mr. KVS Manian's maiden international media interaction since assuming office in September. During the event, Mr. Manian highlighted the deep-rooted connect that the Bank has with the NRI population in the Middle East, and the services rendered by its representative offices in UAE for the past 17 years. During his visit to UAE, the Bank unveiled a new NR Savings account variant – Prospera. The Prospera NRE Savings Account offers an impressive suite of benefits designed for the emerging affluent NRI segment which includes Complimentary Insurance Benefit up to ₹60 Lakh, complimentary airport lounge access, special rewards for debit card spends and other ......read more
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