Category Archives: Business & Investments

Business & Investments

New ground improvement technology available in the UAE

Geobear brings its ground improvement technology to the UAE

  • The UAE’s construction market, projected to grow from USD 41 billion in 2024 to over USD 50 billion by 2029
  • Geobear’s technology reduces carbon emissions by up to 70% compared to conventional ground engineering techniques
  • Geobear is set to play a crucial role in UAE’s landmark projects, including the AED 18 billion ‘Blue Line’ Metro in Dubai

United Arab Emirates, 25/7/2024 – Geobear, the global pioneer in ground improvement technology, has begun operations in the UAE. With over 40 years of experience in ground improvement solutions, Geobear brings its non-invasive technology to address the growing needs of UAE’s booming construction sector.

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Business & Investments

Majid Al Futtaim Retail Extends Retail Graduate Programme to Empower Young Talent Across Eight Countries

  • For the second year in a row, Majid Al Futtaim Retail is rolling out the 18-month programme towelcome graduates from different universities acrosseight countries.
  • Last year, the programme welcomed 71 candidates from six markets. This year, the programme will be expanded to invite more candidates across eightcountries, with women constituting 50 percent of the enrolled students.
  • The UAE is one of the keycountries where the programme showed great success. The continuation in the UAE aims to nurture young talent and develop future leaders in the retail industry.

Dubai, UAE,25July2024:Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour in the UAE, has officially launched the second edition of its Retail Graduate Programme, welcoming applications until August 2024with the expectation to onboard candidates in October 2024.Building on the success of the inaugural edition, which welcomed 71 candidates from six countries, the programme expands its reach this year to empower more candidates from eightcountries. These countries include Lebanon, Qatar, and Saudi Arabia, in addition to the existing countries of Egypt, Georgia, Kenya, Pakistan, and the United Arab Emirates.

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Business & Investments

EasyLease Reports Significant 36% Revenue Growth, reaching AED 189 million inH1 2024

  • Revenue surges to AED 189.72 million in H1 2024, a 36.1% YoY increase, while operational profit jumps by 67.3% YoY to reach AED 24.3 million
  • Strong performance continues to be fueled by robust demand across the diverse mobility and logistics sectors in the UAE and GCC

Abu Dhabi, UAE – 25July 2024: EasyLease (ADX: EASY LEASE), the leading Mobility Solution company and subsidiary of International Holding Company (IHC), has released its financial results for the first half of 2024, reporting AED 189.72million inrevenue, a notable 36.1% YoY increase compared toH1 2023, while operational profit increased by 67.3% YoY to reach AED 24.3million during that same period.

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Business & Investments

Intersec Saudi Arabia confirms patronage for largest edition to date

The sixth edition of Intersec Saudi Arabia will be held underthe patronage of the High Commission of Industrial Security and in association with the Ministry of Interior and Saudi Civil Defence

With exhibition space 34% larger year-on-year, and an expected 14% year-on-year increase in visitors to 17,000, the event is securing itsstatus as the leading safety, security, and fire protection exhibition

Captured by Lights In Motion

The Future Security and Safety summit,and the Fire Protection and Technology Summit agendas are in place, with several speakers confirmed

Riyadh, Saudi Arabia: Intersec Saudi Arabia, Saudi Arabia’s leading trade fair for safety, security, and fire protection, will be held under the patronage of the High Commission of Industrial Security and in association with the Ministry of Interior and Saudi Civil Defence.

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Business & Investments

Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility

Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility To Accelerate Electric Air Taxi Services In The UAE

  • Air Chateau pre-orders 10 Integrity eVTOL, bringing CRISALION’s pre-order book to 125 in less than a year
  • Strategic agreement expands CRISALION’s customer base into both private aviation and the United Arab Emirates.
  • Announced during both companies’ debuts at Farnborough Airshow, the partnership marks a strong starting point for possible future projects in Europe

25th July 2024 – CRISALION Mobility, a Europeanleader in the development of efficient, safe and sustainable electric mobility solutions, has today announced a partnership with Dubai-based private aviation operator Air Chateau, to support the development of electric air taxi services in the United Arab Emirates.

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