Leading Abu Dhabi-based investment and holding company ADQ has entered into a deal with Sotheby’s, the global leader in fine art and secondary market luxury, to acquire a minority interest in the company at a total investment of $1 billion.
Adnoc Distribution reported a 15.0% YoY increase in second-quarter (Q2) 2024 EBITDA to $267 million, and a 12.9% YoY rise in net profit to $170 million.
PepsiCo, in partnership with the burger joint Black Tap, is has introduced The Pepsi Diner, an exclusive pop-up at The Boulevard, Riyadh.
Spinneys, a leading fresh food retailer, has seen its first-half (H1) profit rise 15.2% year-on-year to AED146 million ($40 million) as revenues reached a record high of AED1.6 billion ($440 million), increasing by 9.9% year-on-year.
Sharjah COOP has announced the launch of Mleiha Dairy products across its various branches since the beginning of this month, becoming the first retail chain in the UAE to offer this premium organic product.
Nahdi Medical Company posted strong revenue growth of SR2.47 billion ($660 million) for the second quarter (Q2) an increase of 10.8% on Q1 2024.
Mall of Dilmunia, one of Bahrain's premier shopping and entertainment destinations, has announced an upcoming transformation in partnership with Al Ahli Holding Group, known for operating the famous Dubai Outlet Mall.
The Mena region witnessed a slight increase in merger and acquisition (M&A) activity with a total of 321 deals amounting to $49.2 billion, according to the EY Mena M&A Insights H1 2024 report.
Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in Mena and Kazakhstan, saw its first-half net profit drop 44.8% to $80 million as revenues fell 15.2% to $1.05 billion.
Sharjah Publishing City Free Zone (SPC Free Zone) and Federal Express Corporation (FedEx), the world's largest express transportation firm, are allying to enhance global market access for e-commerce businesses in Sharjah.
