Monthly Archives: July 2024

Business & Investments

EasyLease Reports Significant 36% Revenue Growth, reaching AED 189 million inH1 2024

  • Revenue surges to AED 189.72 million in H1 2024, a 36.1% YoY increase, while operational profit jumps by 67.3% YoY to reach AED 24.3 million
  • Strong performance continues to be fueled by robust demand across the diverse mobility and logistics sectors in the UAE and GCC

Abu Dhabi, UAE – 25July 2024: EasyLease (ADX: EASY LEASE), the leading Mobility Solution company and subsidiary of International Holding Company (IHC), has released its financial results for the first half of 2024, reporting AED 189.72million inrevenue, a notable 36.1% YoY increase compared toH1 2023, while operational profit increased by 67.3% YoY to reach AED 24.3million during that same period.

Continue reading EasyLease Reports Significant 36% Revenue Growth, reaching AED 189 million inH1 2024 →
Business & Investments

Intersec Saudi Arabia confirms patronage for largest edition to date

The sixth edition of Intersec Saudi Arabia will be held underthe patronage of the High Commission of Industrial Security and in association with the Ministry of Interior and Saudi Civil Defence

With exhibition space 34% larger year-on-year, and an expected 14% year-on-year increase in visitors to 17,000, the event is securing itsstatus as the leading safety, security, and fire protection exhibition

Captured by Lights In Motion

The Future Security and Safety summit,and the Fire Protection and Technology Summit agendas are in place, with several speakers confirmed

Riyadh, Saudi Arabia: Intersec Saudi Arabia, Saudi Arabia’s leading trade fair for safety, security, and fire protection, will be held under the patronage of the High Commission of Industrial Security and in association with the Ministry of Interior and Saudi Civil Defence.

Continue reading Intersec Saudi Arabia confirms patronage for largest edition to date →
Technologies

Salam Taps Oracle to Optimize Business Operations and Innovate with New Service Offerings

Oracle Communications managed services to support reliable service delivery and performance for critical IT systems

Dubai, United Arab Emirates,July25, 2024: Salam, a leading Saudi telecom provider, has awarded Oracle a managed services agreement to support its on going digital transformation. The collaboration will help Salam expedite operational excellence and enhance the experience it provides customers. These efforts will also further Salam’s contributions to the Kingdom’s Vision 2030 mission, which includes making Saudi Arabia a more connected and digitized nation.

Continue reading Salam Taps Oracle to Optimize Business Operations and Innovate with New Service Offerings →
Business & Investments

Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility

Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility To Accelerate Electric Air Taxi Services In The UAE

  • Air Chateau pre-orders 10 Integrity eVTOL, bringing CRISALION’s pre-order book to 125 in less than a year
  • Strategic agreement expands CRISALION’s customer base into both private aviation and the United Arab Emirates.
  • Announced during both companies’ debuts at Farnborough Airshow, the partnership marks a strong starting point for possible future projects in Europe

25th July 2024 – CRISALION Mobility, a Europeanleader in the development of efficient, safe and sustainable electric mobility solutions, has today announced a partnership with Dubai-based private aviation operator Air Chateau, to support the development of electric air taxi services in the United Arab Emirates.

Continue reading Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility →
Business & Investments

EGA first in world to digitally connect metal quality analysis system to London Metal Exchange

Abu Dhabi, United Arab Emirates: 25 July 2024: Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world and the biggest industrial company in the United Arab Emirates outside oil and gas, today became the first company in the world to digitally connect its metal quality analysis system to the London Metal Exchange.

The digital connection automates the process of submitting certificates of analysis, which are key specification and quality assurance documents that must accompany shipments of metals into and out of London Metal Exchange warehouses around the world.

Continue reading EGA first in world to digitally connect metal quality analysis system to London Metal Exchange →