Category Archives: Business & Investments

Business & Investments

Union Coop Reports ‘2024’ Financial Performance

The retail pioneer announced a progressive financial performance for FY 2024, wherein the revenue reached AED 2,491 million, showing a 5% increase, while profit before tax rose by 18%, reinforcing its signature leadership and market dominance.

Dubai, UAE:
The leading Dubai-based retailer ‘Union Coop’ announced its financial results for the fiscal year ending December 31, 2024, showcasing ‘revenue surge’ and operational flexibility. The cooperative recorded a total revenue of AED 2,491 million, with AED 1,854 million from retail operations and AED 637 million from other activities, reflecting a 5% year-on-year increase. Profit before tax surged to AED 348 million, marking an 18% rise compared to AED 297 million in 2023. These strong financials reaffirm Union Coop’s strategic transformation journey, reinforcing its position for sustained growth and expansion, thereby re-affirming its position as the industry leader.

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Business & Investments

UAE Champions Gender Equality at She Investment Summit 2025 Hosted by Women Board of Directors (WBD)

Government Officials and Industry Leaders Highlight UAE’s Commitment to Bridging the Gender Gap and Enhancing Female Representation at C-Level and Corporate Boards

Dubai, UAE, 17 February 2025– The She Investment Summit, hosted by Dubai-based Women Board of Directors (WBD) in association with The Brain & Performance Centre – A DP World Company, convened top executives and government officials. The compelling conversations and key takeaways set a new benchmark for investing in women’s leadership and paved the way for stronger community building and networking.

Delivering the keynote address, H.E. Safeya Al Safi, Acting Assistant Undersecretary for the Commercial Control & Governance Sector, UAE Ministry of Economy, emphasized the UAE’s progressive journey in women’s empowerment. “As I stand here today, I am reminded of the profound journey our nation has undertaken since its founding on December 2, 1971 — from the very start, our wise leaders have recognized women as crucial partners in the UAE’s societal and economic progress,” she stated.

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Business & Investments

EMSTEEL Announces Comprehensive Decarbonization Strategy, Aligned with the UAE’s Net-Zero by 2050 Strategic Initiative

Abu Dhabi, UAE – 17 February 2025: EMSTEEL (‘The Group’, one of the GCC region’s largest publicly traded steel and building materials manufacturers, today unveiled its ambitious decarbonization strategy. The company aims to achieve a 40% reduction in absolute greenhouse gas (GHG) emissions in its Steel Business Unit and a 30% reduction in its Cement Business Unit by 2030, using 2019 as the baseline year, with the ultimate goal of reaching net-zero emissions by 2050.

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Business & Investments

Gulfood 2025 30th Edition Kicks Off Today, Setting New Benchmarks in F&B Growth and Innovation

H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, to give keynote address

Global F&B CEOs, policymakers, investors, visionaries and academics unite across inaugural Food500 Summit to explore a new era of F&B leadership

Milestone instalment brings 21-Michelin star Chef Alain Ducasse, and a line-up of chefs with a combined 50 Michelin stars for a monumental culinary demonstration

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Business & Investments

KDK showcases Indoor Air Quality product innovations at Big 5 Construct Saudi 

KDK’s attendance, in partnership with Al Hakbani Group Trading, is aligned with its aggressive push into dynamic Saudi market

Riyadh, Kingdom of Saudi Arabia

KDK Company, a division of PES Japan and a trusted name in electrical fans and ventilation technology, has announced its participation at Big 5 Construct Saudi, one of the most important trade events in the region’s construction industry.  KDK’s attendance in the show, in partnership with Al Hakbani Group Trading Company, will highlight the brand’s cutting-edge Indoor Air Quality (IAQ) solutions.  

With Saudi Arabia as its primary market, KDK’s participation in the exhibit also aligns with its relentless efforts to put forward sustainable, advanced IAQ technologies driving a new era of the Kingdom’s built environment.

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