Monthly Archives: August 2024

Featured

29th International Conference and Exhibition “Oil and Gas of Turkmenistan – 2024” (OGT 2024): A Major Event in the Energy Sector

Registration is now open for the 29th International Conference and Exhibition “Oil and Gas of Turkmenistan – 2024” (OGT 2024), which will be held in Ashgabat from October 23-25, 2024. The event is organized by the State Concerns “Turkmengas” and “Turkmennebit” and the Chamber of Commerce and Industry of Turkmenistan.More than 100 delegates from 20 countries have already registered to participate in OGT 2024.

The purpose of the conference is to strengthen regional dialogue on the further sustainable development of the energy sector and to expand opportunities for attracting direct foreign investment into Turkmenistan’s oil and gas industry.

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Entertainment & Celebrity

25 YEARS OF MODESH

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DSS HOSTS SPECTACULAR ANNIVERSARY CELEBRATIONS FOR DUBAI’S BELOVED CHARACTER

Packed calendar of citywide festivities, extraordinary surprises, and mega raffles celebrate Modesh’s 25th anniversary

Dubai, United Arab Emirates, 11 August 2024: Dubai’s beloved character, Modesh, is celebrating 25 incredible years of bringing joy and delight to the city with a packed calendar of grand festivities, extraordinary surprises, and mega raffles this Dubai Summer Surprises (DSS).

Symbolising the dynamic spirit of the city and immortalised as a bright yellow beam of sunshine, Modesh is as well-loved today as when he first emerged on the city’s summer scene in 1999. Today, 25 years later, he still stands tall as a symbol of joy, positivity, and adventure that everyone has come to know and love. Families and children continue to embark on magical adventures with him throughout the year, fuelled by curiosity, wonder, and the power of imagination.

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Business & Investments

ADNIC achieves net profit of AED 205.2 million for the first half of 2024

Abu Dhabi, UAE 09August 2024:Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, continues to deliver outstanding performance in 2024, highlighted by solid financial results and successful execution of key strategic growth initiatives.

During this quarter ADNIC has successfully completed the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (ASF) in Saudi Arabia.  This move solidifies our position as a leading insurer in the region and reinforces our commitment to delivering exceptional customer service and innovative insurance products across the GCC. We are confident that this acquisition will enable us to offer industry-leading solutions across all major insurance lines.

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Business & Investments

Dubai Investments Q2 2024 Profit increases to AED 289.24 Million

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Dubai, UAE, Aug 9th 2024:Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced net profit after tax attributable to shareholders of AED 289.24 million for the three-month period ended 30 June 2024, compared to AED 266.03 million during the corresponding period in previous year.

Further, the Group reported a net profit after tax attributable to shareholders of AED 409.20 million for the six-month period ended 30 June 2024, compared to AED 580.48 million during the corresponding period in previous year.

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Business & Investments

Union Coop Reports Financial Performance for H1 2024

Dubai, UAE:

Union Coop has announced its financial results for the first half of 2024, demonstrating a 5% increase in semi-annual revenues compared to the previous year. The cooperative achieved a 32.3% growth in net profits and expanded profit margins across its various sectors.

The cooperative’s Board of Directors has released the semi-annual results following strong performance in both business operations and sales. For the first half of 2024, Union Coop reported profits of AED 200 million, reflecting a 32.3% increase compared to the same period last year. This growth is attributed to strategic initiatives that enhanced profitability and revenue.

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