Category Archives: Business & Investments

Business & Investments

IHC Unveils Resounding 2023 Financial Results

Leave a comment

IHC Unveils Resounding 2023 Financial Results Demonstrating Strong Growth and Operational Excellence

Tahnoon bin Zayed Al Nahyan: “IHC has navigated a year of transformative growth, strengthened by forging key global partnerships and a versatile portfolio that has enabled us to adapt to economic fluctuations. Our efforts to deepen international connections underscore our mission to support the UAE’s ascent as a premier financial and innovation leader.

  • Record Revenue climbing to AED 60.1 billion with strategic acquisitions and performance driving a preliminary 17.9% YoY increase.
  • Growth of EPS to AED 12.55, indicating robust financial health and investor confidence.
  • Strong net profit at AED 32.95 billion.

Abu Dhabi, UAE; 26 February 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate has announced its Financial Results for the year ended December 31, 2023, showcasing a remarkable year of transformational growth, operational excellence, achievements in sustainability, and stellar financial performance.

Continue reading IHC Unveils Resounding 2023 Financial Results →
Business & Investments

Intangles and Bahwan Commercial Company Forge an Alliance to Revolutionise Telematics in KSA & Bahrain

Leave a comment

Intangles and Bahwan Commercial Company Forge an Alliance to Revolutionise Telematics in KSA & Bahrain

Dubai, February 22, 2024 – Intangles, one of the world’s fastest-growing Digital Twin solutions providers, in its bid to bring the power of Digital Twin technology to every segment across the globe, has announced a strategic partnership with Bahwan Commercial Company, a professionally managed organisation in the Middle East.

Intangles has been rapidly expanding its footprint, operating in 17 countries across diverse regions, including the Middle East, APAC, Southeast Asia, Europe, South America, USA, and Canada. With solutions primarily focused on predictive maintenance around the health of mobility assets, driver behaviour analysis, and efficient operations automation, Intangles provides comprehensive predictive insights combined with real-time alerts and repair strategies. The company’s robust network includes over 14 enterprise and OEM partners, attracting more than 25,000 fleet operators to its innovative platform. Processing an impressive 14 billion sensory data points daily, Intangles has solidified its position as a leader in the mobility sector.

Continue reading Intangles and Bahwan Commercial Company Forge an Alliance to Revolutionise Telematics in KSA & Bahrain →
Business & Investments

Malabar Gold & Diamonds Set to Launch 10 New Showrooms

Leave a comment

Malabar Gold & Diamonds Set to Launch 10 New Showrooms; Global Store Count to Reach 350 by End of March

Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with an extensive retail presence of over 340 showrooms across 13 countries, has announced a massive expansion to their global operations. The jewellery giant is set to launch 10 world-class showrooms which will propel the brand’s global store count to 350 by March 2024. The move will further solidify Malabar Gold & Diamonds’ highly coveted position as the most preferred jewellery retailer in India.

The new showrooms in India will be launched at Latur, Satara & Nagpur in Maharashtra, Kolar & Whitefield in Karnataka, Jaipur in Rajasthan, Chandni Chowk in Delhi, Vanasthalipuram in Andhra Pradesh, Patiala in Punjab & in Puducherry. While 8 of the new showrooms will be opened in regions where Malabar Gold & Diamonds has already established a robust presence, the new showrooms in Rajasthan & Puducherry will be the brand’s first expansion into these states.

Continue reading Malabar Gold & Diamonds Set to Launch 10 New Showrooms →
Business & Investments

The FIATA-RAME Field Meeting & Conference in the UAE

Leave a comment

Held under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum

The FIATA-RAME Field Meeting & Conference in the UAE to chart a resilient course for regional logistics sector

  • The meeting will be held under the theme ‘Connectivity, Resilience, and Sustainability in Global Supply Chains and Trade
  • Over 1,000 industry leaders, CEOs will participate in the meeting

Dubai, United Arab Emirates; 26 February 2024:

The National Association for Freight and Logistics (NAFL) and International Federation of Freight Forwarders Associations (FIATA) revealed the key topics and programme of the FIATA-RAME (Region Africa Middle East) Field Meeting & Conference, happening on 5th & 6th March 2024, at the press conference held today at the Taj Exotica Resort, Dubai.

Continue reading The FIATA-RAME Field Meeting & Conference in the UAE →
Business & Investments

Mastercard and DIFC Innovation Hub host thought leadership forum for businesses

Leave a comment

Mastercard and DIFC Innovation Hub host thought leadership forum for businesses to implement innovative strategies driving sustainable growth

  • Industry leaders from Amazon, DHL, DIFC Innovation Hub, e& life, Marriott, Mastercard and Ozan discussed leadership’s role in business growth, digital transformation, and creating a sustainable future

Dubai, UAE; 26 February 2024: Mastercard and Dubai International Financial Centre (DIFC) Innovation Hub, the largest financial innovation ecosystem in the region with more than 700 innovation and tech firms, jointly hosted a leadership forum that delved into the key factors required for businesses to drive sustainable growth.

Continue reading Mastercard and DIFC Innovation Hub host thought leadership forum for businesses →