Category Archives: Business & Investments

Business & Investments

ATI Aims To Tap The Growing USD 108 Million Middle East and Asia Apple Cider Vinegar Market

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ATI Aims To Tap The Growing USD 108 Million Middle East and Asia Apple Cider Vinegar Market

UAE – February 16, 2024: American Trading International, Inc. (ATI), a leading player in the USA-branded food distribution industry, has announced its participation in the 29th edition of Gulfood.

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As part of its expansion strategy, ATI has successfully established a broad distribution network that caters to diverse markets and ensures an efficient supply chain.  ATI has exported to more than 85 countries and markets worldwide including 14 countries in the Middle East, delivering high-quality made-in-USA products. This development aligns with the company’s vision to provide high-quality food products to consumers worldwide.

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Business & Investments

Dubai International Boat Show 2024

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Dubai International Boat Show 2024 to converge the world’s leisure yachting industry for landmark 30th edition

  • Middle East’s largest marine lifestyle show celebrates three decades of global seafaring success at iconic Dubai Harbour 
  • His Excellency Saeed Hareb: “It has been incredible to witness the show’s growth and enduring power to unite the global maritime industry in Dubai”

Dubai, UAE – 16 February 2024: Dubai International Boat Show (DIBS), the largest, and most established marine and lifestyle event in the Middle East, is readying its anchor ahead of docking at the iconic Dubai Harbour district from 28 February – 3 March 2024.

Celebrating its landmark 30th edition, the UAE’s most extravagant international boat show will feature more than 1,000 brands and 200+ boats from globally renowned shipyards including Azimut, Sunseeker Gulf, Gulf Craft, Finnmaster, HP Watermakers, Oceano and Althaus Yachts.

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Business & Investments

Guinea’s Round Table of Donors in Dubai

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Guinea’s Round Table of Donors in Dubai: A Testament to Global Confidence in Guinea’s Development Vision

Dubai, February 14th, 2024 – The Republic of Guinea is poised to make a significant leap towards achieving its ambitious development goals with the upcoming Round Table of Donors (RTD) event, scheduled for February 15-16, 2024, at the prestigious Ritz Carlton Dubai Hotel. Organised by the Ministry of Planning and International Cooperation, this event has already garnered an overwhelming response from the international community, reflecting global confidence in Guinea’s potential and strategic development vision.

Her Excellency Ms. Rose Pola Pricemou, Minister of Planning and International Cooperation, expressed her enthusiasm about the unprecedented international interest in Guinea’s development agenda. “The enthusiastic participation from sovereign funds, development banks, financial institutions, and governments worldwide underscores the shared belief in our nation’s growth potential and the vital role of international collaboration in achieving it,” she stated.

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Business & Investments

Americana Restaurants Delivers $2.41 Billion Revenue in FY 2023, Reflecting Stability and Growth

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Americana Restaurants Delivers $2.41 Billion Revenue in        FY 2023, Reflecting Stability and Growth

  • Revenue for FY 2023 reached $2,413.1 million resulting in Adjusted EBITDA margin of 22.8%
  • Gross capex amounted to $167.9 million, supporting scale-up of brands
  • Americana Restaurants opened 300 gross new stores (252 net new stores) in line with its commitment to expansion

UAE, Abu Dhabi 15 February 2024: Americana Restaurants International PLC and its subsidiaries (“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 financial results for the twelve months ending December 31, 2023. Amid evolving market dynamics, the company demonstrated financial and operational resilience, positioning itself for continued growth.

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Business & Investments

World Governments Summit in partnership with Strategy& Middle East

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World Governments Summit in partnership with Strategy& Middle East: A new way to measure productivity highlights the GCC’s potential to boost GDP by $2.5 trillion over the next decade

  • Research also suggests GCC can accelerate GDP growth from 3.8% to 5.4% over the next decade

UAE, 14 February 2024: The World Governments Summit is launching a report entitled “In Search of Productivity: The Next $50 Trillion in the Global Economy” in partnership with Strategy& Middle East, part of the PwC network. The report introduces a new way of measuring productivity that includes dimensions critical for our age, such as environmental impact, health, innovation, and the quality of institutions. The report uses this new framework to estimate the potential upside to the GDP of Gulf Cooperation Council economies if they can improve on their weakest determinant of their productivity performance.

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