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GROUP REVENUES HIT $19.3bn
Emirates reports record $2.5bn profit after tax for H1
The Emirates Group has announced its best-ever half-year financial performance, posting a profit before tax of AED10.4 billion ($2.8 billion) for the first six months of 2024-25, surpassing its record profit before tax for the same period last year.
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WINS KEY STATES
Trump triumphs in US Presidential election
Republican presidential nominee former President Donald Trump has won the US Presidential election, making a remarkable comeback four years after he was voted out of the White House.
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MARKET CAP PUT AT $5.74bn
Lulu Retail IPO oversubscribed by 25 times
Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
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Keturah completes infrastructure work at $762m Ritz-Carlton project
Keturah, the luxury real estate and hospitality group, has achieved key construction milestones at its AED2.8 billion ($762 million) The Ritz-Carlton Residences, Dubai, Creekside with shoring, piling, excavation and infrastructure works fully completed.
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Andreu World unveils flagship UAE showroom at d3
Andreu World, an international furniture company, is opening its first showroom in UAE at Dubai Design District (d3). Designed by Spanish veteran Patricia Urquiola, this new space will serve as a gathering point for the brand's customers and visitors.
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Embracing AI key to sustainable energy future, say ADIPEC experts
The potential of Artificial Intelligence (AI) to transform the energy industry and accelerate decarbonisation has emerged as a critical topic of conversation amongst energy ministers and business leaders at the world’s largest energy event, ADIPEC 2024.
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Resilience, future-ready strategies in spotlight at Gateway Gulf 2024
Resilience, innovation, and future-ready strategies took centre stage at Gateway Gulf 2024 in Bahrain, as 250 distinguished attendees, including government ministers and business leaders from around the world, convened for the key investment forum.
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Finding smart ways to fill skills and drive growth
Bridging the expertise gap requires more than just accessing external knowledge – it is a holistic approach that recognises the value of talent within a culture of shared growth.
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Umm Al Quwain to set up Logistics City, Cargo Airport
In a major move, Umm Al Quwain has announced plans for the establishment of a logistics city and an airport specially for cargo activities; a key step towards achieving the emirate's Vision 2033 to boost its position as a major global logistics hub.
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RDK Group unveils second Marriott residential tower in Dubai
Rashed Darwish Al Ketbi (RDK) Group has announced the launch of a new Marriott-branded residential tower in Dubai. The Marriott Residences Al Barsha South Tower Two features 137 furnished apartments across 24 floors with a mix of one- to three-bed units.
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Mobily in deal to lay Saudi's first underwater cable in Red Sea
Etihad Etisalat (Mobily) has signed a deal with Telecom Egypt to establish the first Saudi-owned submarine cable linking Egypt. The cable, wholly-owned by Mobily, will pass under Red Sea, paving the way for enhanced connectivity options towards Europe.
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Octa Properties unveils branded interior design, MarComs vertical
Octa Properties, a leading real estate developer in UAE, has launched its new branded interior design and branded MarComs vertical under the name ‘House of Octa’ following its collaboration with renowned luxury brand Mouawad, as global licensee.
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MG Motor celebrates 100 years with 3 model launches at JIMS
MG Motor Middle East made three key launches at this year’s Jeddah International Motor Show (JIMS).
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Julphar announces divestment from Zahrat Al Rawdah
Gulf Pharmaceutical Industries (Julphar) has announced its divestment from Zahrat Al Rawdah Pharmacies, which will be taken over by BinDawood Holding for a total cash consideration of SR444.1 million ($118.25 million).
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RCU announces discovery of bronze age town in Saudi Arabia
The Royal Commission for AlUla has announced that a new archaeological research has revealed an exceptional bronze age town in the Khaybar oasis of north-west Saudi Arabia. This discovery reinforces the kingdom's efforts in protecting cultural and histori
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JP Morgan Payments goes on hiring spree in Bahrain
JP Morgan Payments, a key provider of commerce, cross-border payments, trade, working capital and liquidity optimization services, is set to hire software engineers and technologists in Bahrain, in a major boost to the kingdom's highly skilled workforce.
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Bahrain issues over 10,000 Golden Residency permits
Bahrain’s Nationality, Passports, and Residence Affairs (NPRA) has issued over 10,000 Golden Residency permits to recipients from 99 countries, to drive economic and investment growth and attract skilled talent.
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