Technologies

HUAWEI Mate XT, the First Tri-Fold Smartphone

HUAWEI Mate XT, the First Tri-Fold Smartphone You Can Buy, Awaits Its Global Debut in Kuala Lumpur

The event will see more than the tri-fold smartphone, including an exciting new tablet offering a laptop-like experience.

Every year brings countless new tech products, but only a few are truly outstanding. Among those, a groundbreaking innovation is a rare event, one that only happens a few times in a decade. We were all fortunate to recently witness the launch of the first-ever commercial tri-fold smartphone in all its glory. The HUAWEI Mate XT took the world by storm and had everyone delighted to see something truly innovative happening in the world of smartphones.

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Business & Investments

H.H Sheikh Ahmed bin Saeed Al Maktoum opened the largest edition of MRO Middle East and AIME

H.H Sheikh Ahmed bin Saeed Al Maktoum opened the largest edition of MRO Middle East and AIME

  • Day one showcased growth across regional aerospace aftermarket, with record crowds and key sessions covering capacity challenges, digital readiness, tech personalisation, AI, and more
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DUBAI, United Arab Emirates – 11 February 2025 – H.H. Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, opened MRO Middle East and Aircraft Interiors Middle East (AIME) 2025, marking the region’s largest event of its kind.

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Business & Investments

du reports its Q4 and FY 2024 results

Exceptional performance with net profit up 49.1% to a record AED 2.5 billion

Historical annual dividend of 54 fils per share, a 59% increase y-o-y

Dubai, UAE. 10 February 2024 – Emirates Integrated Telecommunications Company PJSC (du) announced its financial results for the fourth quarter and full year of 2024. The exceptional full year results reflect the strong financial performance throughout the year and the success of our strategic initiatives.

The 2024 performance exceeded the guidance for the year as revenues grew by 7.3% and EBITDA margin reached 44.2%, expanding by 1.7 percentage points with EBITDA increasing by 11.6%. Our net profit growth of 49.1%, reaching a record AED 2.5 billion, underscores our ability to drive both top-line expansion and bottom-line improvement. Our strong financial performance and robust balance sheet enabled the Board to recommend distributing 34 fils per share as the final dividend for 2024, taking our 2024 dividend to 54 fils per share, the highest dividend in the history of du and the maximum amount of dividends per share allowed by our dividend policy.

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Technologies

Grand Stores acquires Hot Cold Studio expanding its presence in the UAE’s digital imaging industry

Dubai – February 10, 2025: Grand Stores, the UAE’s largest distributor and retailer of professional imaging products, has announced its acquisition of Hot Cold Studio, a renowned photographic equipment and studio rental company based in Dubai, further strengthening its position in the digital imaging industry. This strategic acquisition is a significant step in Grand Stores’ long-term vision to further expand and solidify its presence within the imaging industry in the UAE and across the Middle East.

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Featured

ne’ma and Taste of Dubai Partner to Expand Food Waste Reduction Efforts at Large-Scale Festivals in the Region

  • Waste reduction efforts at Taste of Abu Dhabi diverted 310kg of food waste, prevented 775kg of CO2 emissions, and created 62kg of compost

Dubai, UAE, February 10, 2025 – ne’ma, the National Food Loss and Waste Initiative, and Taste of Dubai are collaborating to expand efforts in food waste reduction in the UAE’s event scene. Building on the success of their first partnership on Taste of Abu Dhabi 2024, ne’ma helped divert 310 kilograms of food waste from landfills, prevented 775 kilograms of CO2e greenhouse gas emissions, and created 62 kilograms of compost; this collaboration will bring impactful sustainability initiatives to one of Dubai’s most anticipated culinary festivals, and set a precedent for major events and festivals in the region.

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