Category Archives: Business & Investments

Business & Investments

Celebrating Excellence: Winners of the Retail Congress MENA Awards 2023 by MECS+R

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Celebrating Excellence: Winners of the Retail Congress MENA Awards 2023 by MECS+R

Dubai, UAE – The Retail Congress MENA Awards 2023, a pivotal component of the Retail Congress, illuminated the zenith of accomplishments in the shopping mall and retail industry. Hosted at the opulent Ritz Carlton Hotel in DIFC, Dubai, the gala not only acknowledged outstanding feats in marketing, retail, and design within the MENA region but also set the stage for an evening of unparalleled grandeur.

David Macadam, CEO of MECS+R, remarked, “The Retail Congress MENA Awards 2023 stands as a beacon within the conference, a moment eagerly anticipated. It has consistently played a pivotal role in spotlighting the triumphs of shopping malls and retailers in the region.”

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Business & Investments

Wilo discusses the future of pumps technology for water management at WETEX 2023

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Wilo discusses the future of pumps technology for water management at WETEX 2023

Dubai, November 15, 2023

Wilo Middle East, the leading pump manufacturer and digital pioneer of the pumps industry in the Middle East, is participating at the Water, Energy, Technology, and Environment Exhibition (WETEX) 2023 to showcase its dynamic lineup of cutting-edge products and discuss new solutions for water management.

Wilo unveiled a dynamic array of state-of-the-art products, including Wilo-EMUport CORE, Wilo-Atmos GIGA N, Wilo-ZETOS, Wilo-SCP, Wilo-Rexa SOLID Q with Nexos Intelligence, and Wilo-COR 2 Helix V at the event. These solutions ensure efficiency and sustainability, actively contributing to water conservation initiatives and aligning with Dubai’s vision for a sustainable future.

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Business & Investments

MEPRA Awards 2023 makes history as it announces 4 new categories and a judging panel of 112 industry stalwarts

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MEPRA Awards 2023 makes history as it announces 4 new categories and a judging panel of 112 industry stalwarts

With less than a month to go for the awards ceremony at Atlantis, The Palm on November 23, 2023; the Middle East Public Relations Association (MEPRA) revealed that they have received close to 750 entries across 47 categories. Reckoning the growing need to identify and accommodate niche service expertise, the annual awards have introduced 4 new categories, confirming a strategic growth in structure. Interestingly, the association also recruited 112 judges, the highest in MEPRA history consisting of independent adjudicators and industry veterans.

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Business & Investments

Q Properties awards a AED 584 million construction contract to Trojan General Contracting

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Q Properties awards a AED 584 million construction contract to Trojan General Contracting for Reem Hills Phase 1 twin villas and townhouses

Abu Dhabi, UAE – 15 November 2023: Q Properties, the leading UAE real estate developer and subsidiary of Q Holding (ADX: QHOLDING), has awarded a construction contract worth AED 584 million to Trojan General Contracting for work on 302 townhouses and 110 twin villas– all of which are fully sold out.

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Business & Investments

Omantel Group reports 28.7% rise in Q3 net profit

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Omantel Group reports 28.7% rise in Q3 net profit

Domestic operations revenues grew 8.2%

Muscat, 14 November 2023: Oman Telecommunications Company Group (MSX: OTEL) reported significant growth for the nine months ended September 2023, net profit increasing 28.7% from RO 195 Mn to RO 251 Mn at the end of September 2023. Group revenue grew 10.6% from RO 1981.5 Mn to RO 2192.5 Mn at the end of September 2023.

Omantel’s domestic operations performance

At the level of domestic operations, Omantel’s revenues grew by 8.2% to reach R.O 458.1 million, compared to the corresponding period.  Revenue growth is mainly coming from wholesale transit voice revenue which increased by RO 17 Mn and device revenue which increased by RO 10.9 Mn.  Growth in retail revenue is contributed by Mobile Postpaid revenue which increased by 11.4% and Fixed Broadband revenues which increased by 4.4%.

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