Daily Archives: February 6, 2024

Shopping & Promotions

CENTREPOINT: SHAPING THE FUTURE OF RETAIL

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CENTREPOINT: SHAPING THE FUTURE OF RETAIL

CENTREPOINT’S STORE OF THE FUTURE

CONSUMERS WILL SHOP DIFFERENT

The all-new Centrepoint store boasts a wealth of features that position it as the ultimate customer-centric retail experience that brings together the best of the online and offline worlds, and where convenience is paramount. The aim is to encourage customers to “shop different” at their favorite store.

The interior design boasts a modern and fresh layout with where each concept -, Babyshop, Splash, Shoemart&Lifestyle – retains its distinctive appeal, but also blends effortlessly as part of the larger aesthetic. Fully Digitalized Open concept store fronts, Clear walkways with digital interfaces and LED screens contribute to the futuristic feel while showcasing products and providing convenience to shoppers who are seeking specific items.

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Featured

Dubai Police Honours winners of the Esports Tournament the ‘SWAT Challenge’ Edition

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Dubai Police Honours winners of the Esports Tournament the ‘SWAT Challenge’ Edition

The Dubai Police has recently honoured the special edition of the Dubai Police Esports Tournament for the UAE SWAT Challenge 2024 SWAT Challenge.

The ceremony, held at the Al Ruwayyah field and on the sidelines of the SWAT Challenge 2024 competitions, was presided over by His Excellency Major General Abdullah Ali Al Ghaithi, Assistant Commander-in-Chief for Operations Affairs, alongside Major General Ali Atiq Bin Lahej, Director General of the General Department of Airport Security, and Major General Rashid Al Falasi, Director General of Security of Bodies, Establishments, and Emergency.

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Business & Investments

Ghitha Holding PJSC Announces Strategic Expansion with Acquisition of MNG Airlines Shareholding

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Ghitha Holding PJSC Announces Strategic Expansion with Acquisition of MNG Airlines Shareholding

  • Acquires 44% stake in MNG Airlines for USD 211.20 million.
  • The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadershipin the regional food trading sector.

Abu Dhabi, UAE – February05, 2024:Ghitha HoldingPJSC (ADX:Ghitha), a subsidiary of Abu Dhabi-based conglomerate International Holding Company (ADX: IHC), announced a significant milestone in its growth strategy by expanding within thelogistics andaviation sector. Through its wholly-owned indirect subsidiary, GhithaAeroinvest Holding RSC LTD, the company entered into a Share Purchase Agreement (SPA) dated as of February 1, 2024, to acquire a 44% stake in MNG HavayollariveTasimacilik A.S. (MNG Airlines), a leading commercial cargo company headquartered in Turkey.

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Business & Investments

IHC Announces Stellar Preliminary Financial Results for 2023: Record Revenue and EPS Growth

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IHC Announces Stellar Preliminary Financial Results for 2023: Record Revenue and EPS Growth

  • EPS of AED 12.36, indicating robust financial health and investor confidence.
  • Preliminary Net profit remains strong at AED 32,748 million.
  • Revenue Soars to AED 60,089 million with strategic acquisitions and performance driving a preliminary 18% YoY increase.

Abu Dhabi, 5th February 2024:ABU DHABI, UAE – International Holding Company (IHC), a leading investment conglomerate based in Abu Dhabi, has announced its Unaudited Preliminary Financial Results for the year ended December 31, 2023, showcasing a remarkable year of financial growth and strategic achievements.

The Group’s Preliminary Revenue soared to AED 60,089 million, marking an 18% increase from the previous year’s AED 50,946 million. This significant revenue growth is attributed to the company’s strategic acquisitions and the enhanced financial performance of its existing businesses, aligning with the management’s strategic vision for the Group.

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