Category Archives: Business & Investments

Business & Investments

Swisslog to showcase robotic solutions for warehouse automation at Saudi Smart Logistics 2024

Swisslog to showcase robotic solutions for warehouse automation at Saudi Smart Logistics 2024

Riyadh, KSA, May 07 – Swisslog, the global leader in innovative robotic, data-driven, and flexible automated solutions, has announced its participation at Saudi Smart Logistics 2024, scheduled from May 6-9 as part of the Riyadh International Industry Week 2024. The event will bring together four major industrial trade shows under one roof, connecting over 16,000 regional and international leaders from the industrial and logistics sectors, in Riyadh. Swisslog will be showcasing its groundbreaking AutoStore robotic storage and order processing solution.

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Business & Investments

Americana Restaurants announces Q1 2024 Financial Performance,

Americana Restaurants announces Q1 2024 Financial Performance, reports $493.5 million in Revenue

  • Revenue of $493.5 million in Q1 24, resulting in Adjusted EBITDA margin of 20.9%
  • Continued restaurant portfolio growth with the opening of 37 new stores in Q1 2024 and 37 new restaurants under construction
  • Persistent focus on optimizing costs and driving revenue opportunities

Abu Dhabi and Riyadh, 07 May 2024: Americana Restaurants International PLC (“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 its financial results for the three-month period ended 31 March 2024, generating revenues of $493.5 million and adjusted EBITDA of $103.3 million.

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Business & Investments

Hitachi Energy consortium sign a €4.5 billion contract

RTE and the Chantiers de l’Atlantique – Hitachi Energy consortium sign a €4.5 billion contract for the construction of three offshore direct current platforms and three onshore converter stations for the Normandy (Centre Manche 1 & 2) and Oléron Island offshore wind farms  

Thursday May 2, 2024, in the presence of Bruno le Maire, Minister of the Economy, Finance and Industrial and Digital Sovereignty and Roland Lescure, Minister Delegate in charge of Industry and Energy, Xavier Piechaczyk, Chairman of the Management Board of RTE, Laurent Castaing, Managing Director of Chantiers de l’Atlantique and Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business, have reached a historic agreement for the construction of the first offshore direct current platforms and onshore converter stations for the Normandy (Centre Manche 1 & 2) and Oléron Island offshore wind farms.  

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Business & Investments

Dalma Mall’s Retail Excellence Continues: Al-Futtaim IKEA Set to Redefine Home Furnishing at Dalma

Dalma Mall’s Retail Excellence Continues: Al-Futtaim IKEA Set to Redefine Home Furnishing at Dalma

  • Addition of Al-Futtaim IKEA is a part of Dalma Mall’s strategic expansion plan introducing several new brands, and tenant mix optimization.

Abu Dhabi, UAE, 6th May 2024: Dalma Mall, Abu Dhabi’s favorite shopping destination, is delighted to announce the arrival of Al-Futtaim IKEA, the region’s leading Swedish home furnishings retailer. Set to open at the beginning of July, the new store will become a hub for affordable home furnishings and inspiration for the nearby residents as it is designed to cater specifically to the needs and tastes of the local community.

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Business & Investments

IHC Beats Year-on-Year Profit growth, Launches Huge AED 5 Billion Share buyback Program

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IHC Beats Year-on-Year Profit growth, Launches Huge AED 5 Billion Share buyback Program

  • Q1 Results driven by robust performance across key segments and strategic consolidation of key assets within the IHC Group
  • IHC’s Total Assets base increased by 28.1% in Q1 2024 (vs. Q4 2023), to AED 338.4 billion
  • IHC board approves AED 5 billion annual buyback program
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