Business & Investments

Americana Restaurants announces Q1 2024 Financial Performance,

Americana Restaurants announces Q1 2024 Financial Performance, reports $493.5 million in Revenue

  • Revenue of $493.5 million in Q1 24, resulting in Adjusted EBITDA margin of 20.9%
  • Continued restaurant portfolio growth with the opening of 37 new stores in Q1 2024 and 37 new restaurants under construction
  • Persistent focus on optimizing costs and driving revenue opportunities

Abu Dhabi and Riyadh, 07 May 2024: Americana Restaurants International PLC (“Americana Restaurants” or the “Company”) (ADX symbol: AMR/ ISIN: AEE01135A222) (Saudi Stock Exchange symbol: 6015), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (“MENA”) and Kazakhstan, today announced its financial results for the three-month period ended 31 March 2024, generating revenues of $493.5 million and adjusted EBITDA of $103.3 million.

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Shopping & Promotions

Union Coop Launches Discount Campaign of Up to 60%

Union Coop Launches Discount Campaign of Up to 60%

The cooperative introduces campaign of up to 60% Off, offering 3,000 selected commodities, aiming to provide quality products at competitive prices and delight consumers throughout May.

Dubai, UAE:

Union Coop, a leading retailer in Dubai, has unveiled an expansive discount campaign across all its branches and commercial centers throughout the city. With discounts of up to 60% on a curated selection of 3,000 items, this initiative aims to provide consumers with unparalleled value, meeting their diverse needs while ensuring access to high-quality products at competitive prices.

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Business & Investments

Hitachi Energy consortium sign a €4.5 billion contract

RTE and the Chantiers de l’Atlantique – Hitachi Energy consortium sign a €4.5 billion contract for the construction of three offshore direct current platforms and three onshore converter stations for the Normandy (Centre Manche 1 & 2) and Oléron Island offshore wind farms  

Thursday May 2, 2024, in the presence of Bruno le Maire, Minister of the Economy, Finance and Industrial and Digital Sovereignty and Roland Lescure, Minister Delegate in charge of Industry and Energy, Xavier Piechaczyk, Chairman of the Management Board of RTE, Laurent Castaing, Managing Director of Chantiers de l’Atlantique and Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business, have reached a historic agreement for the construction of the first offshore direct current platforms and onshore converter stations for the Normandy (Centre Manche 1 & 2) and Oléron Island offshore wind farms.  

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Travel & Tourism

Indonesia showcases diverse tourism offerings at Arabian Travel Market Dubai 2024

Indonesia showcases diverse tourism offerings at Arabian Travel Market Dubai 2024, strengthens regional partnerships

Dubai – May 07, 2024: Wonderful Indonesia, an initiative by Indonesia’s Ministry of Tourism and Creative Economy to showcase a diverse array of destinations for both domestic and international tourism, is participating in the Arabian Travel Market (ATM) Dubai, one of the leading travel and tourism events in the Middle East. The participation underscores Indonesia’s commitment to fostering closer ties with the UAE and promoting its diverse and enchanting destinations to travellers in the region.

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Education

John von Neumann University inaugurates its regional office in Dubai Knowledge Park

John von Neumann University inaugurates its regional office in Dubai Knowledge Park

The regional office at Dubai Knowledge Park, a hub for lifelong learning, will serve as a cultural ambassador, promoting hungarian heritage, Kecskemét’s values, and Neumann’s spirit of innovation in the region

Photo  1 Caption : From L to R: – Dr. Károly Benes – Ambassador of Hungary to UAE; Dr. Zoltán Nagy – CEO John von Neumann University; Mr. Szabolcs Szemerey – Strategic Director, John von Neumann University Foundation; Mr. György Matolcsy – Governor of the Central Bank of Hungary;  Dr. Norbert Csizmadia – President of the board of trustees of John von Neumann University; Mr. Habib Kohi – Head of International Department John von Neumann University; Mr. Balázs Gerstl – senior manager of the Central Bank of Hungary

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