Category Archives: Business & Investments

Business & Investments

Middle East economic confidence rebounds sharply in Q3 2024

Resilience in non-oil economies supports positive outlook in latest global survey

Dubai, UAE; October 24, 2024: The latest Global Economic Conditions Survey (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) shows a sharp improvement in economic confidence across the Middle East in Q3 2024, signalling optimism despite global economic uncertainty and regional challenges.

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Business & Investments

NMDC Energy announces strong third quarter net profit of AED 402 million following successful IPO

  • Net profit up 145% year-on-year due to strong operational performance and strategic expansion
  • Third quarter revenues reached AED 3.975 billion, up 110% year-on-year

Abu Dhabi, UAE; 23 October 2024: NMDC Energy JCSJ (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), has reported strong third quarter financial results in its first earnings announcement since its recent initial public offering (IPO).

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Business & Investments

LIFE Pharmacy launches ‘Pharmacy for LESS’, first value pharmacy in the region

The launch of Pharmacy for LESS aims to address the rising demand for affordable healthcare for all UAE residents.

Dubai, UAE – October 23, 2024: LIFE Pharmacy, the largest retail chain of pharmacies in the Middle East, has launched the UAE’s first-ever discount pharmacy, Pharmacy for LESS, at Dubai Outlet Mall. The new pharmacy concept offers year-round discounts on all its products and aims to make healthcare products more affordable and accessible to all residents. The group also plans to float a chain of 25 discounted pharmacy stores across the UAE in the next two years.

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Business & Investments

CAFU Announces its New EV Charging Solution, Enhancing On-Demand Car Services in the UAE and Region

  • CAFUannounces energy delivery serviceslated for 2025, with the addition of two on-demand EV charging solution options
  • New on-demand EV charge service will be available to retail and commercial customers in the UAE

DUBAI, UNITED ARAB EMIRATES, 22 October 2024: CAFU, the world’s leading vehicle energy delivery and vehicle service platform, has announced it is expanding its offering to include a new electric vehicle charging solution, supporting the UAE’s shift towards green mobility.

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Business & Investments

Mastercard Supports Transformation of Saudi Arabia’s Digital Payment Ecosystem with the Launch of Local Technology Infrastructure

Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in the Kingdom

October 22, 2024, | RIYADH, SAUDI ARABIA – Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally, providing a seamless and secure payments experience for both Mastercard partners and consumers, supporting the acceleration of the Kingdom’s digital commerce.

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