Monthly Archives: July 2024

Business & Investments

Americana Restaurants announces H1 2024 results, reports $1.05 billion in Revenue

  • Reported Revenue of $1.05 billionand Adjusted EBITDA of $232.7million, resulting in 22.1% EBITDA margin
  • Net profit attributable to the Shareholders of the Parent Companystood at $80.0 million
  • 81 gross new store openings during first half of 2024, increasing the total Restaurant count to 2,477. 36new restaurants under construction

Abu Dhabi and Riyadh, 30 July 2024:Americana Restaurants International PLC (“AmericanaRestaurants” or the “Company”) (ADX symbol: AMR/ ISIN: AEE01135A222) (Saudi Stock Exchange symbol:6015), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (“MENA”) and Kazakhstan, today announced its financial results for the six months ended 30 June 2024.

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Real Estate

DAMAC Properties Hosts Emirati Brokers Event in Association with Dubai Land Department

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  • Around 300 brokers attended the event
  • DAMAC’s latest project, LAGOON Views showcased, garnering high interest

Dubai, UAE, 29 July 2024: DAMAC Properties, one of the leading luxury real estate developers in the region, has held a key event organised in collaboration with the Dubai Land Department (DLD) to support and recognise the contributions of Emirati realty brokers in the UAE community.

The Emirati Brokers Eventgathered around 300 brokers, as well as DAMAC staff.

The congruence, which aligns with the Dubai Real Estate Broker Programme initiated by DLD, a pivotal initiative under Dubai’s Social Agenda 33,held the spotlight on one of DAMAC’s latest luxury developments, the DAMAC LAGOON Views. This cluster of apartments is located in the developer’s third and upcoming master community DAMAC Lagoons

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Business & Investments

du, Nokia, and MediaTek Pioneer Next-Level 5G Uplink Performance in MEA

Collaboration significantly enhances 5G Advanced uplink speeds and network efficiency through a trial that combines multiple frequency bands with innovative features like three transmitter antennas and 2CC.

Dubai, UAE, 29 July 2024: du, from Emirates Integrated Telecommunications Company (EITC), in collaboration with Nokia and MediaTek, today announced a major milestone in the integration and enhancement of 5G technologies in the Middle East and Africa (MEA). This innovative trial, a first in the region, has successfully boosted uplink (UL) performance by 70% on du’s 5G Advanced network, simultaneously offering expanded indoor coverage to premium customers.

Executed in Abu Dhabi utilizing du’s operational 5G Advanced network, the trial achieved significant advancements in UL speeds and coverage. This technology promises robust connectivity and superior network efficiency by integrating multiple frequency bands and enhancing transmission pathways, essential for high-demand applications such as video conferencing, live streaming, and substantial data uploads.

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Featured

Gilani Mobility introduces a unique solution for vehicle wheelchair access in for People of Determination in the Middle East.

The G24 provides maximum accessibility and ease of use Its versatile design allows effortless operation in any location The G24 is fully designed and manufactured in Gilani Mobility’s factory in Dubai The G24 will be showcased at the 6th Access Abilities Expo in Dubai in October 2024

Dubai, United Arab Emirates, July 29, 2024: Gilani Mobility, a Dubai-based company specializing in manufacturing and marketing high-quality mobility aids and products for People of Determination across the Middle East region, has launched the G24, a unique vehicle wheelchair access solution that “re-invents” the way People of Determination travel.
It was launch in the Middle Eastern market, home to over 50 million People with Disabilities, comes ahead of its introduction at the 6th edition of the AccessAbilities Expo (AAE-2024) to be held from the 7th to 9th October at the Dubai World Trade Centre (DWTC). The company has participated as a platinum sponsor at the 5th AAE in 2023 and will be participating for the third time at the Middle East region’s largest B2C accessibility platform for people with all types of disabilities.

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Automibiles & Motoring

Driving Excellence: Al Laith Celebrates Long-Term Partnership with the Saudi Motorsport Company.

[Dubai, 29 July 2024] – Al Laith, a leading provider of diverse temporary project solutions in the Middle East, is proud to announce its role as the Official Temporary Infrastructure Strategic Partner in an extensive multi-year collaboration with the Saudi Motorsport Company (SMC). As part of this wide-ranging strategic partnership, Al Laith provided equipment and services for the 2024 Saudi Arabian Grand Prix.

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