Category Archives: Business & Investments

Business & Investments

AD Ports Group and Karachi Port Trust Extend   Cooperation through 25-Year Concession Agreement

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AD Ports Group and Karachi Port Trust Extend   Cooperation through 25-Year Concession Agreement for Bulk and General Cargo Terminal at Karachi Port

Islamabad, Pakistan/ Abu Dhabi, UAE – 03 February 2024: AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics, and industry, today announced the signing of a new concession agreement for Bulk and General Cargo operations with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi.

Under the terms of the 25-year concession agreement, Karachi Gateway Terminal Multipurpose Limited (KGTML), a Joint Venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals, a UAE-based company, will develop, operate and manage the Bulk and General Cargo terminal berths 11-17 at Karachi Port’s East Wharf, further enhancing Karachi’s position as a key player in the maritime industry.

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Business & Investments

EMAAR’s partnership with SEF 2024 unleashes a multifaceted ecosystem for attendees

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EMAAR’s partnership with SEF 2024 unleashes a multifaceted ecosystem for attendees

EMAAR’s collaboration at Sharjah Entrepreneurship Festival underscores its commitment to nurturing innovation, supporting startups, and shaping the entrepreneurial trajectory. 


Sharjah, February 01, 2024

In a commitment to fuel technological innovation and entrepreneurial advancement, the multinational real estate development company, EMAAR, has announced its partnership with the Sharjah Entrepreneurship Festival (SEF), organised by the Sharjah Entrepreneurship Center (Sheraa), and taking place from 3-4 February 2024.

This multifaceted partnership includes sponsoring the ‘Startup Town’, one of 5 dedicated zones within the festival which will feature the ‘Founder Stage’, hosting talks and discussions from local and global experts. EMAAR will extend its partnership further by sponsoring the Tech Track for the anticipated SEF Pitch Competition, providing a platform for startups to showcase their ideas and ventures. Additionally, this renowned company will also be hosting one of the workshop halls at SEF 2024 providing specialised workshops and masterclasses from global authorities.

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Business & Investments

Oliver Wyman Extends Paid Maternity Leave Across India, the Middle East and Africa and Appoints New Wellbeing Lead

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Oliver Wyman Extends Paid Maternity Leave Across India, the Middle East, and Africa and Appoints New Wellbeing Lead

Clare McDonald - Wellness Lead - Oliver Wyman
Oliver Wyman Dubai Office 1

Dubai, February 1, 2024 – Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), has extended its maternity leave and has also appointed a Wellbeing Lead for across its India, Middle East, and Africa (IMEA) region.

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Business & Investments

Ghitha Achieves 100% Revenue Growth in 2023

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Ghitha Achieves 100% Revenue Growth in 2023, Signaling Strong Market Expansion and Operational Success

·         The Group reported strong revenue of AED 4.6Bn (+100% YoY)
  • Operational profit growth of AED 99Mn; +64% YoY
  • EBITDA growth of AED 79 Mn; +22% YoY (Excluding fair value changes in investments)
·         Total Assets of AED 7.1 Bn; +32% YoY

Abu Dhabi, UAE; 26 January 2024: Ghitha Holding PJSC (ADX: Ghitha), the Abu Dhabi headquartered conglomerate that consolidates Food, Agriculture, Fish, Dairy, Poultry, Vegetable Oil, retail, distribution and catering services, and is a subsidiary of International Holding Company (ADX: IHC), has released its financial results for 2023. The group reported an operating profit of AED 254 million, reflecting their commitment to operational excellence and efficiency.

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Business & Investments

Majid Al Futtaim Lifestyle Unveils Poltrona Frau’s World-First Mall Store as Brand Expansion Unfolds

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Majid Al Futtaim Lifestyle Unveils Poltrona Frau’s World-First Mall Store as Brand Expansion Unfolds

United Arab Emirates, Dubai, 2 February 2024: Majid Al Futtaim Lifestyle, a pioneering leader in lifestyle retail across the GCC,  today announced the  grand opening of Poltrona Frau the 112-year-old luxury Italian furniture brand, at Mall of the Emirates. The milestone marks the brand’s second store in Dubai and the first mall-based store worldwide.

Following the successful debut of the newly designed showroom in Jumeirah, the iconic Poltrona Frau brand now graces a line-up of high-end luxury names in the UAE’s premier shopping destination. 

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