Category Archives: Business & Investments

Business & Investments

Americana Restaurants reports $2.20 billion revenue in 2024,  highlighting business resilience

  • Reported Revenue of $2.20 billion and Adjusted EBITDA of $484.3 million, resulting in a healthy EBITDA margin of 22.0%
  • Net profit attributable to the shareholders of the Parent Company stood at $158.8 million
  • Americana Restaurants opened 213 gross new stores; total 2,590 restaurants in operation as of 31 December 2024

Abu Dhabi and Riyadh, 12 February 2025: Americana Restaurants International PLC and its subsidiaries (“Americana Restaurants” or the “Company”) (ADX symbol: AMR/ ISIN: AEE01135A222) (Saudi Stock Exchange symbol: 6015), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (“MENA”) and Kazakhstan, today announced financial results for the twelve months ending December 31, 2024. Despite evolving market conditions, the Company displayed strong financial and operational resilience.

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Business & Investments

stc Group receives global recognition for procurement excellence from CIPS


The certification recognises stc Group’s leadership in procurement and supply chain management

Riyadh, Saudi Arabia; February 11, 2025: stc Group, a leading digital enabler, has been awarded the globally recognised CIPS Procurement Excellence Certification by the Chartered Institute of Procurement & Supply (CIPS), reaffirming its position among an elite group of global leaders in procurement and supply chain management.

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Business & Investments

Appointment of Etihad Engineering AS A Licensed repair CENTRE FOR L3HARRIS TECHNOLOGIES

Dubai, UAE: Etihad Airways Engineering LLC (Etihad Engineering), one of the world’s leading aircraft maintenance, repair and overhaul (MRO) services providers, and L3Harris Technologies (L3Harris) announced their intention to enter into an agreement at the MRO Middle East, under which Etihad Engineering would be appointed as L3Harris’ licensed repair centre for cockpit voice recorders and flight data recorders in the Middle East.

Daniel Hoffmann, CEO of Etihad Engineering, said: “We are excited about the opportunity to support L3Harris as their licensed repair centre in the Middle East. This strategic partnership would strengthen our component portfolio and enable us to offer OEM-level service and faster lead times on L3Harris aircraft components to our customers from around the world.”

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Business & Investments

Top Table returns to Gulfood’s 30th edition with world-class chefs and culinary futurists

The landmark event will welcome culinary royalty – 21 Michelin Star Chef Alain Ducasse for the first time, among a line-up of 120+ world-renowned chefs holding 50 Michelin Stars combined

DUBAI – 11th February 2025: Gulfood, the world’s largest annual food and beverage sourcing event, welcomes the return of global culinary icons to Top Table – its flagship culinary exhibit that aims to rediscover gastronomy under the theme ‘Culinary Futurism’. For the first time in the mega event’s history, international culinary legend Chef Alain Ducasse, the most awarded Michelin Star chef (21), will take to the spotlight along with a line-up of celebrated global and UAE-based chefs holding a combined 50 Michelin Stars. Top Table will see these F&B icons display their expertise through live cooking demonstrations, masterclasses and other activations across all 5 days of Gulfood (February 17 – 21 2025) from 10AM – 6PM at Al Mustaqbal Plaza near Dubai World Trade Centre (DWTC).

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Business & Investments

Armstrong Fluid Technology Announces New Sales Director for Türkiye, Middle East & Africa

Dubai, UAE, February 11th, 2025: Armstrong Fluid Technology, a leading manufacturer of intelligent flow equipment, including pumps, valves, heat exchangers and control solutions, has appointed Qusai Abuabed as Sales Director for Türkiye, Middle East & Africa. He succeeds Kevin Laidler, who will be returning to Toronto to take on his new role as Global Director, Specifications, effective 1st March. Armstrong extends their gratitude to Kevin for his impressive 35 years in the HVAC market, including 30 years with Armstrong. Over the last 8 years, Kevin’s leadership in the Middle East and Africa has been instrumental in strengthening the company’s presence in the region.

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