Daily Archives: May 15, 2024

Business & Investments

Bayanat Continues Momentum with Q1 2024 Financial Results

Bayanat Continues Momentum with Q1 2024 Financial Results

  • Revenue for the quarter reached AED 113 million, a 12% Year-over-Year growth, owing to the company’s strategic market expansion plans, and strong product and service offering
  • The company’s Gross Profit reached AED 32 million, representing a gross margin of 28%
  • EBITDA reached AED 8 million, representing a 7% margin, aligning with Bayanat’s IPO strategy to continuously invest in R&D
  • Q1 results were driven by Bayanat’s continued focus on the company’s key segments and Artificial Intelligence (AI) capabilities
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Business & Investments

Tally Solutions Opens Nomination for the Fourth Edition of ‘MSME Honours’

Tally Solutions Opens Nomination for the Fourth Edition of ‘MSME Honours’

Dubai, UAE, 14th May 2024: Tally Solutions, a leading international business management software provider, opens nominations for their fourth edition of MSME Honours. The flagship annual property, MSME Honours aims to acknowledge budding businesses and entrepreneurs who have made remarkable contributions in the MSME ecosystem across geographies.

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