Category Archives: Business & Investments

Business & Investments

Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion

Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion, reflecting strong business activity in a healthy business environment

·       Increased operational activities drives revenue growth: Net Interest Income (NII) increased by 13% year-on-year, propelled by sizable balance sheet expansion and sustained healthy client margins. This growth underscores our effective asset-liability management and strategic focus on core lending activities. In addition, non-interest income surged by 21% compared to the previous year, now comprising 30% of the total operating income. This significant contribution reflects our success in diversifying revenue streams through enhanced fee-based services and other non- interest-generating activities.

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Business & Investments

MENAP-SCI Appoints Kamal Ubaysi as its New Chairman in the MENAP Region

Dubai, UAE – October 2024 – MENAP-SCI (Middle East, North Africa, and Pakistan Self Care Industry), a leading non-profit organization dedicated to advancing self-care initiatives in the MENAP region, announces the appointment of Kamal Ubaysi as the new chairman, effective September 1, 2024. With his extensive experience and visionary leadership, Ubaysi’s leadership marks a new chapter in MENAP-SCI’s mission to elevate healthcare advancements across the MENAP region.

Kamal Ubaysi as the new chairman, MENAP-SCI

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Business & Investments

Taiwan Excellence Unveils 16 Semifinalists for “Go Green with Taiwan”

The “Go Green with Taiwan” project announces 16 semifinalists from 11 countries. The selected nations include Kenya, Canada, the UK, Luxembourg, Hungary, Ukraine, India, Vietnam, the Philippines, Singapore, and Malaysia.

The initiative, which ran from June 19 to August 31, 2024, received 396 proposals from 45 countries. Vietnam, India, the Philippines, Poland, Thailand, Malaysia, the UK, and Indonesia emerged as the top contributors.

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Business & Investments

UAE champions customer-centric innovation at the Customer Happiness Awards in Shaikh Al Qasimi’s presence

The sixth edition of the event honored pioneering companies across 16 categories

October 29th, Dubai, UAE: On a memorable evening celebrating the UAE’s dedication to customer-centric excellence, His Highness Sheikh Humaid Bin Khalid Al Qasimi joined esteemed guests at The Westin Dubai Mina Seyahi on October 18th, to inaugurate the sixth annual Customer Happiness Awards (CHA), organized by Plan3Media.

Accompanied by his business partner, Mr. Mohamed Al Banna, Group CEO & Founder of Lead Ventures & Connect Lead, His Highness’s attendance highlighted the importance of these awards in celebrating groundbreaking initiatives across the UAE.

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Business & Investments

Swisslog’s advanced automation solutions to optimise food production and supply chains at Gulfood Manufacturing 2024

Dubai, UAE, 29 October 2024 – Swisslog, the global leader in innovative robotic, data-driven, and flexible automated solutions, is set to participate in Gulfood Manufacturing 2024, the region’s premier platform for exploring the future of food production through cutting-edge technologies and integrated supply chain solutions that are shaping the industry.  From 5th to 7th November 2024, visitors will have the opportunity to learn how Swisslog’s innovative automation solutions are empowering food producers to stay ahead of evolving challenges in production, distribution, and retail.

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