All posts by uaenews247

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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Technologies

UAE-Headquartered Quest Nutra Pharma Digitises Critical Quality Management and Operational Processes with Kissflow

Streamlining more than 30 mission-critical workflows – including those for new product development, market compliance, and corrective action and preventive action – has enhanced the efficiency and accuracy of the company’s operations

Dubai, United Arab Emirates – August, 2024 – Quest Nutra Pharma (Quest), a leading manufacturer of nutraceuticals/pharmaceuticals food supplements, has partnered with Kissflow to streamline and enhance its mission-critical workflows using the vendor’s Low-Code platform. By digitalising over 30 processes, Quest has not only been able to move towards paperless operations, but also managed to automate large portions of its operations, yielding efficiencies and accuracies, translating to enhanced quality assurance, market compliance, deviation and change control, and more.

Prasanna Rajendran, Vice President – EMEA, Kissflow

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Business & Investments

IHC Announces the Appointment of Dr. Thani bin Ahmed Al Zeyoudi as Chairman of Rorix Holdings

Abu Dhabi, UAE – 8 August 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, is proud to announce the appointment of Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, as Executive Chairman of Rorix Holdings. This new leadership marks a significant milestone for Rorix Holdings, a global trading and trade facilitation company that was recently formed to revolutionize trade finance, consulting, commodities exchange, and trade insurance sectors.

Dr. Thani bin Ahmed Al Zeyoudi as Chairman of Rorix Holdings

Dr. Thani bin Ahmed Al Zeyoudi has been a driving force behind the UAE’s economic diversification and innovation strategies. His appointment as Chairman of Rorix Holdings underscores the company’s commitment to fostering inclusive economic development and leveraging the UAE’s strategic position to facilitate global market access for local, regional, and international businesses.

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Shopping & Promotions

Escape the Summer Heat and Enjoy the International Circus Show at Mercato this DSS!

This summer, head to Mercato, the ultimate summer experience and the hottest destination for entertainment and shopping during Dubai Summer Surprises! This season, Mercato is pulling out all the stops with the spectacular International Circus Show that’s set to dazzle and delight audiences of all ages until August 18th. It is the perfect escape from the summer heat, offering performances that are nothing short of breathtaking. The highly skilled circus performers deliver extraordinary shows that will leave you amazed and craving more.

Looking for unique entertainment? Mercato’s circus performances blend creativity and vision, ensuring your visit is filled with wonder and excitement. Whether you’re captivated by the stunning stage shows, enchanted by mix-and-mingle entertainment, or drawn into immersive experiences, this is one summer extravaganza you won’t want to miss.

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