Daily Archives: August 13, 2025

Shopping & Promotions

Made In Dubai: DSS Empowers Homegrown F&B SMEs To Succeed, Scale, and Stand Out

From budget bites to curated dining weeks and community coffee pop-ups, DSS 2025 is giving homegrown SMEs a citywide stage

Dubai, United Arab Emirates, 13 August 2025: Dubai is one of the world’s most exciting gastronomic destinations, serving up a mosaic of global flavours that reflect the emirate’s rich multicultural identity shaped by a population representing nearly 200 nationalities. With nearly 1,200 new restaurant licenses issued in 2024 alone[1], homegrown F&B brands are at the heart of Dubai’s culinary scene. Amplifying the city’s homegrown F&B talent are ongoing citywide initiatives like the Dubai Summer Surprises (DSS), empowering independent players to scale within a competitive landscape while contributing to the economic growth of Dubai’s thriving gastronomy sector.

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Technologies

Five ways to unplug and boost kids’ development this summer with Yango Yasmina

With schools closed for the summer, many parents are seeking new ways to keep children entertained, engaged, and mentally active without relying too heavily on screen time. While technology can aid education, too much screen time has been linked to weaker focus in children. However, when used well, technology offers new ways to foster creativity, expand access to knowledge, and help children develop social and communication skills, especially when the brain is growing rapidly and foundational skills are being established.

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Business & Investments

The GCC’s Assets Under Management reached USD 2.2 trillion in 2024, representing 9% growth

  • Saudi Arabia and the UAE lead retail mutual fund growth, while Abu Dhabi and Kuwait’s SWFs manage the largest volume of assets in the region
  • AuM in 2024 represents a 9% growth from 2023

Dubai, August 13, 2025 – The GCC’s asset management industry grew to $2.2trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to the 23rd edition of the Global Asset Management report, titled “From Recovery to Reinvention” by Boston Consulting Group (BCG).

In the retail mutual fund sector, Saudi Arabia and the UAE have been the principal contributors to growth. As for sovereign wealth funds (SWFs), the largest volumes of assets have been managed by major players in Kuwait and Abu Dhabi.

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Business & Investments

AD Ports Group Delivers Strong Q2 2025 Results, +15% Revenue Growth to AED 4.83 Billion and +9% EBITDA Growth to AED 1.17 Billion; Free Cash Flow Positive for the Quarter and Year-To-Date

  • Q2 2025 Profit Before Tax (PBT) growth of 5% YoY to AED 519 million
  • Profit performance is expected to improve in the second half of the year
  • Free Cash Flow to the Firm (FCFF) positive for both the quarter and year-to-date on soaring Operating Cash Flow (OCF) and continued decline in CapEx intensity

Abu Dhabi, UAE – 13thAugust 2025:AD Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport, industry, and logistics solutions, today announced its financial results for the second quarter and first half of the year ending 30thJune2025.AD Ports Group’s growth story continued in the first half of 2025 with double-digit top-line growth recorded in both Q2 and H1 2025,driven by the Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters.

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Business & Investments

Presight reports record first-half growth as revenue surpasses AED 1 billion

  • 2025 first half revenue up 80%, with EBITDA up 60%
  • Strong Q2 performancedriven by 53.5% revenue growth Year-on-Year
  • International revenue accounted for 26.8% of the total in Q2 2025

Abu Dhabi, UAE, August 13, 2025:Presight AI Holding Plc (“Presight” or “the Company”; ADX: PRESIGHT), today announced its financial and operational results for the first half of 2025, highlighting strong performance fueled by continued domestic growth and international expansion.

Presight reported AED 1.09 billion in revenue for the first half of 2025, marking an 80.2% increase year-on-year. Organic revenue, excluding the contribution from AIQ, grew by 33.5%. EBITDA rose 59.6% to AED 245.5 million, while net profit increased 18.8% to AED 209.7 million.

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