Category Archives: Business & Investments

Business & Investments

ADNOC DISTRIBUTION RECORDS 28% Y-O-Y INCREASE IN Q3 2023

Leave a comment

ADNOC DISTRIBUTION RECORDS 28% Y-O-Y INCREASE IN Q3 2023 EBITDA, REPORTING ONE OF ITS STRONGEST RESULTS SINCE IPO

  • Company’s Q3 2023 EBITDA rises to $303 million (AED1.1 billion) and net profit increases 9% Y-o-Y to $227 million (AED835 million)
  • ADNOC Distribution’s fuel volumes sold in GCC countries (UAE and Saudi Arabia) witness a significant 21% increase Y-o-Y
  • Q3 2023 Non-fuel transactions up 14% Y-o-Y and convenience store conversion rate rises to 24% from 21% in Q3 2022, indicating that more fuel customers are also shopping at our convenience stores
  • Company achieves its full-year 2023 target by opening 28 new stations during the first nine months of the year
Continue reading ADNOC DISTRIBUTION RECORDS 28% Y-O-Y INCREASE IN Q3 2023 →
Business & Investments

Sharjah joins 160 countries at the Web Summit 2023 in Portugal

Leave a comment

Sharjah joins 160 countries at the Web Summit 2023 in Portugal
presenting its forefront innovations to 70,000 attendees 

The emirate’s delegation will feature leading entities like Invest in Sharjah, Sheraa, STRI Park & Sharjah Private Education Authority


Sharjah, November 9, 2023

More than 70,000 participants from 160 countries attending the Web Summit 2023 in Lisbon, Portugal, from November 13 – 16, will have the chance to explore Sharjah’s latest projects, as well as its strategic and emerging sectors such as technology, entrepreneurship, and sustainable investments. 

The Sharjah delegation led by the Sharjah FDI Office (Invest in Sharjah), will also feature the participation of leading entities like the Sharjah Entrepreneurship Center (Sheraa), which has redefined entrepreneurship in the UAE by creating new and meaningful opportunities for tech-based founders to design meaningful services and solutions.

The Sharjah Research Technology and Innovation Park (STRI Park) will showcase its projects and initiatives in innovation, artificial intelligence (AI) and clean and renewable energy. 

Continue reading Sharjah joins 160 countries at the Web Summit 2023 in Portugal →
Business & Investments

Joyalukkas Jewellery opens new store in Bur Dubai, Dubai, UAE.

Leave a comment

Joyalukkas Jewellery opens new store in Bur Dubai, Dubai, UAE.


Dubai, November 09, 2023: Joyalukkas, the world’s renowned jeweller, proudly announced the opening of its new showroom in Dubai on November 9th 2023, The New store is located in the historic Meena Bazaar, Bur Dubai.

The new showroom was officially inaugurated by Mrs. Jolly Joy Alukkas, in presence of Mr. Joy Alukkas, Chairman of the Joyalukkas Group, Ms. Mary Antony, Mr. Antony Jos, Ms. Elsa Thomas & Mr. Thomas Mathew.

Continue reading Joyalukkas Jewellery opens new store in Bur Dubai, Dubai, UAE. →
Business & Investments

BEEAH enters strategic partnership with KSA’s SIRC and ALMQR,

Leave a comment

BEEAH enters strategic partnership with KSA’s SIRC and ALMQR, establishing a sustainable waste management company to advance circularity in Madinah

  • The partnership brings together BEEAH, the Saudi Investment Recycling Company (SIRC) and Al-Maqar Development Company (ALMQR)
  • Through the partnership, BEEAH seeks to further enhance its sustainable waste management services and contributions to KSA Vision 2030
  • The partnership builds on BEEAH’s legacy of sustainable waste management in the UAE and in the Holy City of Madinah, KSA
Continue reading BEEAH enters strategic partnership with KSA’s SIRC and ALMQR, →
Business & Investments

Dubai gears up for the debut Japan Kyoto Trade Exhibition

Leave a comment

Dubai gears up for the debut Japan Kyoto Trade Exhibition

As many as 200 Japanese organisations, companies, and brands are gearing up for the first edition of the trade exhibition, to be held in January 2024, which expects a footfall of over 20,000 visitors.

Dubai – November 09, 2023: MAICO Enterprises Inc., a leading Japanese trade organization, has announced the launch of the Japan Kyoto Trade Exhibition, an annual regular trade exhibition in Dubai aimed to strengthen bilateral trade ties between the UAE and Japan, driving economic growth and innovation in the region. 

Continue reading Dubai gears up for the debut Japan Kyoto Trade Exhibition →