Browsing: Business

BAMX Properties – a forward-thinking real estate developer renowned internationally for its commitment to quality, sustainability, and luxury – has announced its official launch in the UAE. The company held a special launch event last night at the 5-star H Hotel in Dubai.

Dubai-based cryptocurrency exchange Bybit announced on Friday that hackers had stolen $1.5 billion in digital assets, making it the largest crypto theft in history.

Alpha Data, a UAE-based digital transformation provider and system integrator, has announced the price range and subscription period for its upcoming IPO on the Abu Dhabi Securities Exchange (ADX).

The Abu Dhabi National Oil Company (Adnoc) has announced its plan to offer 3.1 billion…

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Ltd, officially launched the Indian legacy brand Campa Cola in the UAE at the 30th edition of Gulfood, the world’s largest F&B sourcing event. This debut marks RCPL’s first entry into the United Arab Emirates and reaffirms its long-term commitment to the region.

The renowned provider of energy-efficient products and technologies, Khansaheb Industries (KIND), a subsidiary of the esteemed Khansaheb Group, has embarked on an exciting new chapter through a new partnership with 75F Middle East Trading LLC, a 100% subsidiary of 75F Inc. USA and a global pioneer in IoT-driven building management systems offering predictive and proactive building intelligence.

ADNOC Group’s listed companies reported AED 182.4B (USD 49.7B) in revenue for 2024, with EBITDA reaching AED 58.7B (USD 16B) and net profit exceeding AED 33B (USD 9B). The six firms plan to distribute AED 24.6B (USD 6.7B) in dividends, subject to shareholder approval, reinforcing their strategies for sustainable growth and shareholder returns.

Dubai International Financial Centre (DIFC), the leading financial hub for the Middle East, Africa, and South Asia (MEASA), has reported record-breaking financial results for 2024, coinciding with its 20th anniversary.

Etihad Airways delivered a robust financial performance in 2024, recording a net profit of AED 1.7bn ($476m), driven by significant growth in passenger and cargo revenues.

The Abu Dhabi Exports Office (ADEX) and a consortium of UAE banks, led by First…