Travel & Tourism

In a boost to Dubai’s GDP, DXB sets record with 44.9 million guests in first half

Dubai, United Arab Emirates – August 7, 2024: Dubai International (DXB) has raised the bar on its contribution to Dubai’s economy by welcoming a record 44.9 million guests during the first six months of this year.

Marking an 8% year-on-year increase in guests, DXB has established its position as a globally preferred gateway, boosted by strong connectivity with key international markets, while reaffirming its centralrole in supporting Dubai’s economic growth.

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Business & Investments

LSEG Middle East & Africa Investment Banking review for first half 2024

LSEG Middle East & Africa Investment Banking review for first half 2024

INVESTMENT BANKING FEES

  • An estimated US$724.5 million worth of investment banking fees were generated in the Middle East & North Africa during the first six months of 2024, 23% more than the value recorded a year ago and the third highest first half total in the region since our records began in 2000. 
  • Debt capital markets underwriting fees increased 81% to US$230.9 million, the highest first half debt capital markets fee total in the region since our records began in 2000.
  • Equity capital markets underwriting fees increased 62% year-on-year to US$206.7 million.
  • Advisory fees earned from completed M&A transactions totalled US$130.7 million, a 14% increase from previous year levels.
  • Syndicated lending fees declined 28% to a four-year low of US$156.4 million.
  • Forty-seven percent of all MENA fees were generated in Saudi Arabia in the first half of 2024, followed by the United Arab Emirates (36%).
  • HSBC earned the most investment banking fees in the region during the first half of 2024, a total of US$60.3 million or an 8.3% share of the total fee pool.
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Featured

Back to School with Whiffs of Wonder: Ajmal Perfumes and Threads Unveil New Children’s Fragrances

Ajmal Perfumes’ Collaboration with Threads Sets New Standards in Children’s Fragrance Market

August 2024, Dubai, United Arab Emirates – Ajmal Perfumes, the renowned fragrance house with a legacy spanning seven decades is all set to welcome students back-to-school, with its new collection Whiffs of Wonder, a line of six enchanting fragrances featuring scents such as Lady Farasha, Little Prince, Hannah Banana, Adventure Bay, Pink Princess, and Sea Cruiser, which is tailored for children and now available at all Ajmal stores across UAE and Kidzania.

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Shopping & Promotions

Jumbo Announces Back-to-School Deals & Daily Laptop Giveaways Worth AED 105,000

Dubai, UAE, 05 August 2024: Jumbo Electronics Ltd, the most trusted consumer electronics brand in the UAE, has announced the launch of its highly anticipated Back-to-School campaign. With a host of thrilling offers and promotions available until September 8, 2024, the campaign is designed to spread extra cheer for students and provide a great start to the new school year in the UAE.

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Business & Investments

stc Group signs strategic partnership with Nexthink

The partnership supports stc Group’s overarching digital transformation strategy, and its aim to be the employer of choice for top digital talent.

KSA – August 6 2024: stc Group, has signed a strategic partnership with Nexthink, a global leader in Digital Employee Experience management. This partnership will support  in implementing digital employee experience (DEX) management solutions to enhance stc Group service delivery and retain its position as a world-class digital leader.

stc Group is a global digital enabler, comprising 13 subsidiaries across the Middle East, North Africa and Europe. The Group has diversified its offer over the years and is now a provider of innovative digital products and solutions, encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment.

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