Category Archives: Business & Investments

Business & Investments

Response Plus Holding reports AED 248 million revenue in the first six months of 2025

Abu Dhabi, United Arab Emirates, July 31, 2025 – Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the UAE and KSA, has achieved revenue of AED 248.06 million in the first six months of 2025, a growth of 18% compared to AED 209.88 million recorded in the same period last year.

Dr Rohil Raghavan, Chief Executive Officer of Response Plus Holding,

Announcing the company’s interim financial results for the first half of 2025, RPM registerednet profit of AED 20.32 million, while total assets touched AED 404.32 million, up from AED 387.44 million as of December 31, 2024, reflecting continued balance sheet strength and sustained investment momentum. The Earnings Per Share (EPS) for the period was AED 0.10.

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Business & Investments

NMDC Energy delivers strong H1 growth, showcasing resilience and operational excellence

• H1 revenue accelerated 41% year on year, and net profit climbed 16%
• Backlog stood at AED 49.9 billion,with AED 13.9 billion in awarded projects
• 400,000 sqm fabrication yard in Saudi Arabia now fully operational
• Extended its long-term agreement (“LTA”) with Aramco, continuing a strategic partnership focused on offshore projects in Saudi Arabia

Abu Dhabi, UAE; 23 July 2025: NMDC Energy PJSC (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), today announced strong financial results for the first half of 2025, with sustained growth demonstrating the company’s strength and disciplined execution amid challenging market conditions.

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Business & Investments

EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments

Manama, Bahrain;29July2025:Eazy Financial Services(EazyPay)has announced the launch of Mastercard Receivables Managerin Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses.

Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency,  working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants’ accounting systems.

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Business & Investments

ESAS Signals Strategic Outreach into the Middle East with appointment of Farah Foustok to its Board of Directors

Istanbul / Dubai – [30/07/2025]

ESAS, an Investment and Wealth Management group with offices in Istanbul, London, and Frankfurt, has announced the appointment of regional financial leader Farah Ahmad Foustok to its Board of Directors. The appointment reflects ESAS’ strategic focus on expanding its governance and visibility across the GCC and broader MENA region.

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Business & Investments

MoneyGram and Bank AlJazira Partner to Expand

Cross-Border Money Movement in Saudi Arabia

Bank AlJazira customers can now send and receive money across nearly every country and territory in the world through the global MoneyGramnetwork

RIYADH, Kingdom of Saudi Arabia, July 29, 2025

MoneyGram, a leading global payments network for consumers, businesses and communities, today announcedresuming money transfer services with Bank AlJazira, a leading bank in Saudi Arabia. This partnership expands access to physical and digital cross-border money movement solutions across the Kingdom, supporting Saudi Arabia’s Vision 2030 and its goal of buildingan inclusive, digitally empowered economy.

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