Daily Archives: July 22, 2024

Business & Investments

Trusted Data Today Fuels Tomorrow’s AI at Cloudera’s Middle East EVOLVE24 Event 

Trusted Data Today Fuels Tomorrow’s AI at Cloudera’s Middle East EVOLVE24 Event 

Registration is now open for Cloudera’s global conferences, designed to bring the power of the hybrid data lakehouse and enterprise AI directly to customers and partners in the Middle East.

Dubai, UAE – July 22nd, 2024—Cloudera, the data company for trusted enterprise AI, will host a series of data and AI conferences worldwide, including a significant event in Dubai. The EVOLVE24 event series will bring industry leaders, customers, and partners together to uncover strategies to enhance data-driven insights and productivity in the era of generative AI. 

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Business & Investments

Ajman Tourism Announces the 9th Liwa Ajman Dates and Honey Festival 2024

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Ajman, UAE – 22 July 2024 – Under the patronage of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, the Ajman Department of Tourism Development (ADTD) is set to launch the ninth edition of the Liwa Ajman Dates and Honey Festival, one of the region’s most prominent cultural festivals. The festival will be held at the Emirates Hospitality Hall in Ajman from July 24 to 28, 2024.

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Business & Investments

Emirates Integrated Telecommunications Company PJSCReports its Q2 2024 Results

Sustained exceptional performance with quarterly revenues growing by 7.3%, first half EBITDA Margin expanding to 44.0% and first half Net Profits rising by 54.2% year-over-year

On the basis of these results, the Board of Directors approved the distribution of an interim cash dividend of AED 0.20 per share, a 53.8 % increase year-over-year

Q2 2024 Key takeaways

  • Strong financial performance with top-line and bottom-line growth, continuation of the robust performance witnessed in Q1’24
    • Major milestone achieved in our ICT business with a strategic partnership with Oracle Alloy

Dubai, UAE. 22July 2024 – Emirates Integrated Telecommunications Company PJSC announced its financial results for Q2 2024. Revenues increased by 7.3% to AED 3.6 billion demonstrating our strong product offerings. EBITDA increased by 3.2% to AED 1.6 billion reflecting the top line growth. Net Profit reached AED 581 million, a 46.3% increase year over year primarily reflecting the strong EBITDA growth. Capex was at AED 442 million, while Operating Free Cash Flow (EBITDA – Capex) was AED at 1.1 billion, a 10.9% increase year over year.

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Entertainment & Celebrity

STARZPLAY Announces Exclusive Launch of Season 4 of the Hit Series “Snowpiercer”

Dubai, UAE, 17 July 2024: STARZPLAY, one of the leading streaming services in the MENA region, is thrilled to announce the exclusive launch of the highly anticipated fourth and final season of the hit series Snowpiercer. Fans can re-enter the world of Snowpiecer by watching seasons 1-3 before they start streaming the new season on July 21, 2024, coinciding with its release in the United States, with new episodes dropping every week.

The dystopian sci-fi series has captivated audiences globally with its thrilling narrative set in a post-apocalyptic world. The show, based on the critically acclaimed graphic novel and Bong Joon-ho’s original film adaptation, explores themes of class warfare, social injustice, and survival aboard a perpetually moving train that circumnavigates the globe. Starring Jennifer Connelly, Daveed Diggs, and Sean Bean, among others, the series has been praised for its gripping storyline and rich character development.

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Real Estate

Condor unveils Sonate Residences in JVT

  • Condor Sonate Residences is the homegrown luxury real estate brand’s fourth project in Dubai
  • The project with 31 floors, excluding five podiums, a basement and roof, seeks to redefine luxury lifestyle.
  • As Dubai draws hundreds of high-net-worth investors and uber-rich end-users from across the world to its booming and rewarding realty market, Condor Developers seeks to expand its portfolio of iconic offerings.
  • Celebrate the ground breaking by availing 4% DLD waiver on all units

 DUBAI, July 22, 2024:  The Condor Developers, a leading Dubai luxury property provider, today announced the launch of its fourth residential project   – Condor Sonate Residences – in Jumeirah Village Triangle (JVT) as part of a portfolio expansion strategy aimed at boosting the group’s realty investment value to over Dh2.5 billion by 2027.

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