Technologies

HONOR Brings Together AI and Luxury with the PORSCHE DESIGN HONOR Magic7 RSR

Dubai, UAE – February 12, 2025 – HONOR announced the launch of their latest ultra-premium flagship smartphone in the UAE. The PORSCHE DESIGN HONOR Magic7 RSR marks the third collaboration between the global technology brand HONOR and the exclusive lifestyle brand Porsche Design.

The new device merges premium sports car inspired design with state-of-the-art technology, again showcasing a powerful collaboration meticulously crafting a groundbreaking product. The PORSCHE DESIGN HONOR Magic7 RSR represents a leap forward in AI-enabled smartphone technology, seamlessly integrating AI into the user experience by enhancing imaging, display, performance, and system interactions, creating a personalized smart platform that adapts and improves with use.

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Technologies

Accenture and Google Cloud Advance Sovereign Cloud and Generative AI Adoption in Saudi Arabia

RIYADH, Saudi Arabia; Feb. 12, 2025 – Accenture (NYSE: ACN) is collaborating with Google Cloud to accelerate the adoption of cloud solutions and generative AI capabilities within the Kingdom of Saudi Arabia in order to address local data, operational and software sovereignty needs. The initiative aims to help organizations create new business opportunities and improve customer experiences by establishing a modern digital core and scaling generative AI agents to enhance operational efficiency and enterprise intelligence.

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Business & Investments

EMSTEEL delivers AED 8.3 billion in revenue for 2024

Abu Dhabi, United Arab Emirates, 12 February 2025: EMSTEEL (ADX: EMSTEEL) (“the Group”), one of the largest publicly traded steel and building materials manufacturers in the region, announced today its preliminary (unaudited) financial results for Full Year 2024. The results highlight EMSTEEL’s ability to perform well whilst facing difficult market conditions.

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Ramadan Kareem

Scenes of Ramadan: The Flavours of Arabia at Paramount Hotel Dubai

February, Dubai, UAE – This Ramadan, the curtain rises on an experience like no other as Paramount Hotel Dubai presents Scenes of Ramadan: The Flavours of Arabia. True to its Hollywood heritage, Paramount Hotel Dubai reimagines the traditional Iftar as a star-studded production, where every dish, every detail, and every moment plays a leading role in a story of connection, tradition, and cinematic glamour.

Drawing inspiration from 22 iconic Paramount stars, each representing excellence and creativity, the culinary experts at The Stage Restaurant crafted and handpicked 22 signature dishes that celebrate Ramadan’s rich traditions while introducing innovative twists. [JD1] 

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Business & Investments

Americana Restaurants reports $2.20 billion revenue in 2024,  highlighting business resilience

  • Reported Revenue of $2.20 billion and Adjusted EBITDA of $484.3 million, resulting in a healthy EBITDA margin of 22.0%
  • Net profit attributable to the shareholders of the Parent Company stood at $158.8 million
  • Americana Restaurants opened 213 gross new stores; total 2,590 restaurants in operation as of 31 December 2024

Abu Dhabi and Riyadh, 12 February 2025: Americana Restaurants International PLC and its subsidiaries (“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 financial results for the twelve months ending December 31, 2024. Despite evolving market conditions, the Company displayed strong financial and operational resilience.

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