Monthly Archives: May 2024

Business & Investments

LEADING SPORT & ENTERTAINMENT AGENCY, DUNE | 23, LAUNCHES GROUNDBREAKING PROGRAMME AIMED AT DEVELOPING UAE TALENT

  • Student & Graduate Programme will seesuccessful applicants work across all areas of the business with the aim of moving into a full-time role at the end of their placement
  • As a way of giving back, one placement will be awarded to an Emirati, while the other will go to someone educated in the UAE
  • Having enjoyed rapid growth in the last two years, DUNE | 23won Bronze in the Best Agency category at last week’s Middle East Sports Industry Awards
Continue reading LEADING SPORT & ENTERTAINMENT AGENCY, DUNE | 23, LAUNCHES GROUNDBREAKING PROGRAMME AIMED AT DEVELOPING UAE TALENT →
Real Estate

UAE’s Residential Market Thrives: Strong Performance Persists into Q1 2024

UAE’s Residential Market Thrives: Strong Performance Persists into Q1 2024

 

Dubai – May 15, 2024 – CBRE Middle East, the global leader in commercial real estate services and investments, released its latest edition of the UAE Residential Market Review for the first quarter of 2024.

 

In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at 2,795, registering a 22.6% increase compared to the year prior. This increase has been underpinned by an 18.1% rise in off-plan sales and a 34.5% rise in secondary market sales. In the year to Q1 2024, Abu Dhabi’s average apartment and villa prices increased by 4.3% and 2.3%, respectively.

Continue reading UAE’s Residential Market Thrives: Strong Performance Persists into Q1 2024 →
Technologies

SolarWinds Unveils Enhanced Database Performance Analyzer with Advanced PostgreSQL Support

SolarWinds Unveils Enhanced Database Performance Analyzer with Advanced PostgreSQL Support

Leading database management solution provides unprecedented performance tuning and optimization in complex hybrid IT environments

Dubai, United Arab Emirates – May 15, 2024 – SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, has announced significant enhancements for SolarWinds® Database Performance Analyzer (DPA) to provide enterprises with greater visibility and control over databases across on-prem and cloud environments. The upgrades are aimed at helping enterprises maximize the value, performance, and migration efficiency of their PostgreSQL® databases.

Continue reading SolarWinds Unveils Enhanced Database Performance Analyzer with Advanced PostgreSQL Support →
Hotels & Hosppitality

Sofitel Al Hamra Beach Resort Opens its Doors on the Shores of Ras Al Khaimah

Sofitel Al Hamra Beach Resort Opens its Doors on the Shores of Ras Al Khaimah

A Harmonious Symphony of French Elegance and Arabian Splendor

 

Ras Al Khaimah, UAE, 15 May 2024 – Sofitel Al Hamra Beach Resort, under the holding company Al Hamra Real Estate Development LLC, is poised to epitomize luxury on the shores of Ras Al Khaimah, after officially opening its doors on May 13th. Guests are invited to immerse themselves in a realm where the enchanting rhythms of the Arabian Gulf seamlessly intertwine with the timeless sophistication of French Art De Vivre. Nestled within Al Hamra Village, elegantly lining the pristine coastline of Ras Al Khaimah, this unique 5-star destination promises a bespoke experience for the discerning traveler.

Continue reading Sofitel Al Hamra Beach Resort Opens its Doors on the Shores of Ras Al Khaimah →
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
Continue reading Bayanat Continues Momentum with Q1 2024 Financial Results →